Upmc Pinnacle Foundation

Nonprofit profile at a glance

EIN
222691718
IRS 990 coverage
2009–2023
Forms available
Form 990 2023
Location
Harrisburg, PA, USA
Phone
7172318245
Rating
85
Verdict
STRONG
Rating confidence
Moderate
Sector
Hospital, General

Official website

Reported finances

Revenue
$19,430,531
Expenses
$14,561,209
Assets
$151,318,027
Liabilities
$84,430,164

Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

33 people listed

Executive titles in this filing

  • DAVID GIBBONS (PRESIDENT)
  • LOUIS BAVERSO (PRESIDENT & COO (R 9/23))
  • JESSICA RITCHIE (CDO & PRESIDENT)
  • PHILIP W GUARNESCHELLI (FMR PRESIDENT & CEO (R 9/22))

Highest reported compensation

  • DAVID GIBBONS (PRESIDENT): $1,347,033 total reported compensation
  • PHILIP W GUARNESCHELLI (FMR PRESIDENT & CEO (R 9/22)): $1,152,327 total reported compensation
  • LOUIS BAVERSO (PRESIDENT & COO (R 9/23)): $851,386 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Through charitable giving, the upmc pinnacle foundation supports community benefit and education programs, needs of our hospitals, and provides resources that improve access and the quality of care throughout upmc pinnacle.

What it reported doing in 2023

Upmc pinnacle foundation ("the foundation") is a 501(c)(3) nonprofit organization that engages in investment and fundraising activities for the benefit of related tax-exempt organizations. Through investment and fundraising activities, upmc pinnacle foundation supports a wide spectrum of health care and wellness services designed to improve access to care, reduce barriers to treatment and improve overall health and quality of life for the region. Foundation also funds support and under-gird technological innovation and directly impacts the many needs of vulnerable, uninsured and underinsured populations.see schedule owith more than 200 different funds that benefit the hospitals as well as the community, the upmc pinnacle foundation invests locally in the resources and people who continually make the life-changing medicine of upmc in central pa a reality. All money raised by upmc pinnacle foundation remains in central Pennsylvania to support programs and services at upmc in central pa.the foundation has identified three key pillars that address the most urgent needs of the central pa. Hospitals, patients, and community: patient and community support, health and wellness, and workforce development. These efforts totaled more than $1,750,000 in fy 2024.funds to support patient and community needs covered expenses such as patient transportation, medications, rent, mortgage, utilities, insurance co-pays, genetic counseling and palliative care for patients lacking the resources to cover these costs. The foundation provided funding for various health and wellness activities like music and art therapy programs, spiritual care, pediatric rehabilitation equipment, integrated oncology, and training equipment. Workforce development efforts throughout the region benefited in foundation support through staff conferences and training, nursing and health care professional scholarships, service line related education support and equipment, medical assistant exam fees, shadyside school of nursing student scholarships and employee recognition events.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Grant intermediary. The nonprofit sent 71% of its reported program spending out as grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and some filed totals do not add up.

Rating breakdown

  • Financial Efficiency: 95
  • Transparency & Controls: 68
  • Accountability: 89
  • Sustainability: 76
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 92.9%; rating input score 93
  • Fundraising efficiency: $67.73 raised per $1 spent on fundraising; rating input score 80; 80th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 92.3%; rating input score 92; 8th percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 99%; rating input score 99; 32nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 80.8%; rating input score 81; 16th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 25.1%; rating input score 87; 87th percentile among comparable filings
  • Total-asset coverage ratio: 10.39; rating input score 92; 92nd percentile among comparable filings
  • Liabilities to assets ratio: 0.56; rating input score 26; 26th percentile among comparable filings
  • Officer compensation ratio: 6%; rating input score 40; 40th percentile among comparable filings

Growth

  • Program expense growth: 28.9% per year; rating input score 100; 95th percentile among comparable filings
  • Revenue growth: 11.9% per year; rating input score 100; 80th percentile among comparable filings
  • Asset growth: 6.8% per year; rating input score 100; 48th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 92.9% of spending went to programs
  • Governance: 21 of 26 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $13.5M in reported program spending
  • Leadership: top reported pay $1.3M · 33 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 25 of 26 current checks pass · 1 finding to review
  • Schedules: 8 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 15 filing years from 2009 to 2023
  • Contacts: How to reach this organization
  • Money network: 12 filed money-flow records
  • Related organizations: 31 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • High — Sustainability: Liabilities to assets ratio scored 26/100.
  • Moderate — Sustainability: Officer compensation ratio scored 40/100.