Kennedy Health is a general hospital based in Philadelphia, PA that was founded in 1965. As of 2019 they had $644 million in revenue and $1.1 billion in assets.
Kennedy Health is an integrated healthcare delivery system providing a full continuum of services, from acute-care hospitals to outpatient and wellness programs serving Cherry Hill, Stratford and Washington Township.
Previous legal names or variations of their name include: Kennedy University Hospital; Kennedy Family Health Ctr-Washington Twp; Kennedy Family Health Center - Somerdale; Kennedy Dialysis Center - Washington Twp; Jefferson Washington Twnship Hospital; Kennedy Diagnostic And Treatment Center; Kennedy Dialysis Center - Voorhees; and Jefferson Cherry Hill Hospital.
EIN:
22-1773439
City:
State:
Website:
Phone:
856-488-6500
Facebook:
Twitter:
Founded:
1965
Type:
501(c)(3)
NTEE:
Revenue:
$644,686,232
Assets:
$1,199,906,759
Employees:
4,699
Fiscal year end:
June
Program areas at Kennedy Health
Expenses incurred in providing emergency and medically necessary healthcare services to all individuals in a non-discriminatory manner regardless of race, color, creed, sex, national origin, or ability to pay. Please refer to schedule o for the organization's community benefit statement.
Form 990s for Kennedy Health
| Fiscal year ending | Date received by IRS | Form | PDF link |
|---|
| 2019-06 | Oct 15, 2020 | 990 | View PDF |
| 2018-06 | Jul 25, 2019 | 990 | View PDF |
| 2017-12 | Dec 22, 2018 | 990 | View PDF |
| 2016-12 | Dec 26, 2017 | 990 | View PDF |
| 2015-12 | Apr 10, 2017 | 990 | View PDF |
| ...and six more Form 990 PDFs |
Financials for Kennedy Health
| Field | 2019 | 2017 | % Change |
|---|
| Federated campaigns | $0 | $0 | |
| Membership dues | $0 | $0 | |
| Fundraising event contributions | $0 | $0 | |
| Related organizations | $0 | $492,710 | -100% |
| Government grants (contributions) | $1,326,578 | $1,489,756 | -11.0% |
| Normal grants, contributions, etc. | $0 | $0 | |
| <em>Non-cash contributions included in above</em> | $0 | $0 | |
| Total grants, contributions, etc. | $1,326,578 | $1,982,466 | -33.1% |
| Field | 2019 | 2017 | % Change |
|---|
| Total grants, contributions, etc. | $1,326,578 | $1,982,466 | -33.1% |
| Program services | $639,671,667 | $559,994,023 | 14.2% |
| Investment income and dividends | $1,775,988 | $46,131,822 | -96.2% |
| Tax-exempt bond proceeds | $0 | $0 | |
| Royalty revenue | $0 | $0 | |
| Net rental income | $1,384,632 | $738,987 | 87.4% |
| Net gain from sale of non-inventory assets | $507,480 | $0 | 999% |
| Net income from fundraising events | $0 | $0 | |
| Net income from gaming activities | $0 | $0 | |
| Net income from sales of inventory | $0 | $0 | |
| Miscellaneous revenues | $19,887 | $0 | 999% |
| Total revenues | $644,686,232 | $567,269,841 | 13.6% |
| Field | 2019 | 2017 | % Change |
|---|
| Grants to govts. and orgs. in USA | $695,612 | $1,942,142 | -64.2% |
| Grants to individuals in USA | $0 | $0 | |
| Grants to govts., orgs., and individuals outside USA | $0 | $0 | |
| Benefits paid to or for members | $0 | $0 | |
| Compensation of current officers, etc. | $6,864,403 | $5,598,743 | 22.6% |
| Compensation not included above, to disqualified persons | $0 | $0 | |
| Non-officer salaries and wages | $227,386,682 | $219,170,459 | 3.7% |
| Pension/retirement accruals and contributions | $16,086,917 | $11,059,212 | 45.5% |
| Other employee benefits | $24,512,541 | $19,171,162 | 27.9% |
| Payroll taxes | $14,976,054 | $16,284,376 | -8.0% |
| Management fees | $0 | $0 | |
| Legal fees | $179,133 | $417,730 | -57.1% |
| Accounting fees | $57,356 | $147,816 | -61.2% |
| Lobbying fees | $83,999 | $68,529 | 22.6% |
| Pro. fundraising fees | $0 | $0 | |
| Investment mgmt fees | $608,300 | $715,872 | -15.0% |
| Other fee-for-service | $88,120,866 | $68,556,589 | 28.5% |
| Advertising and promotion | $1,429,013 | $1,558,915 | -8.3% |
| Office expenses | $5,586,244 | $5,392,871 | 3.6% |
| Information tech. expenses | $10,030 | $0 | 999% |
| Royalty expenses | $0 | $0 | |
| Occupancy | $9,155,733 | $9,935,947 | -7.9% |
| Travel | $932,028 | $766,859 | 21.5% |
| Public official travel and entertainment | $0 | $0 | |
| Conferences, meetings, etc. | $31,580 | $0 | 999% |
| Interest | $7,364,106 | $3,270,412 | 125.2% |
| Payments to affiliates | $0 | $0 | |
| Depreciation, amortization, etc. | $27,434,780 | $26,375,231 | 4.0% |
| Insurance | $3,039,308 | $6,219,359 | -51.1% |
| All other expenses | $136,311,923 | $149,822,071 | -9.0% |
| Total expenses | $570,866,608 | $546,465,181 | 4.5% |
| Field | 2019 | 2017 | % Change |
|---|
| Cash (non-interest-bearing) | $5,075 | $300,238 | -98.3% |
| Savings, short-term investments, etc. | $26,276,556 | $55,954,642 | -53.0% |
| Pledges and grants receivable | $0 | $435,809 | -100% |
| Accounts receivable | $93,212,422 | $70,363,012 | 32.5% |
| Loans receivable from officers, directors, etc. | $0 | $0 | |
| Loans receivable from other disqualified persons | $0 | $0 | |
| Notes and loans receivable | $0 | $0 | |
| Inventories for use | $11,359,858 | $10,465,840 | 8.5% |
| Prepaid expenses and deferred charges | $2,881,982 | $6,823,720 | -57.8% |
| Buildings, equipment, etc. post-depreciation | $467,800,296 | $340,891,205 | 37.2% |
| Investments, publicly traded securities | $0 | $0 | |
| Investments, other securities | $0 | $0 | |
| Investments, program-related | $577,079,585 | $382,776,368 | 50.8% |
| Intangible assets | $6,358,406 | $0 | 999% |
| Other assets | $14,932,579 | $29,186,700 | -48.8% |
| Total assets | $1,199,906,759 | $859,356,133 | 39.6% |
| Field | 2019 | 2017 | % Change |
|---|
| Accounts payable and accrued expenses | $71,862,105 | $72,385,581 | -0.7% |
| Grants payable | $0 | $0 | |
| Deferred revenue | $266,798 | $456,817 | -41.6% |
| Tax-exempt bond liabilities | $0 | $0 | |
| Escrow or custodial account liability | $0 | $0 | |
| Loans payable to officers and disqualified persons | $0 | $0 | |
| Secured mortgages and notes payable to unrelated third parties | $2,426,272 | $76,831,649 | -96.8% |
| Unsecured notes and loans payable to unrelated third parties | $0 | $0 | |
| Other liabilities | $638,979,415 | $352,621,815 | 81.2% |
| Total liabilities | $713,534,590 | $430,248,133 | 65.8% |
| Field | 2019 | 2017 | % Change |
|---|
| Unrestricted net assets | $486,372,169 | $428,614,746 | 13.5% |
| Temporarily restricted net assets | $0 | $493,254 | -100% |
| Permanently restricted net assets | $0 | $0 | |
Vendors for Kennedy Health
| Vendor | Services | Amount paid | Date |
|---|
| Withumsmithbrown PC | Tax accounting | | 2020-10-15 |
| ███████ | Food Services Catering | $4,490,385 | 2019-06-01 |
| █ █████ ███ | Construction | $6,157,489 | 2019-06-01 |
| █████ ██████████ █ ███ | Residency Medical | $15,227,725 | 2019-06-01 |
| ██ ███████ ███████ ███ | Construction | $5,159,169 | 2019-06-01 |
| ████████████ ██████████ ██ | Architecture | $6,680,490 | 2019-06-01 |
| ███ ███████ ██████████ | Investment management | | 2017-12-31 |
| █████ ███████ ████████ | Investment management | | 2017-12-31 |
| ...and 40 more vendors |
Personnel at Kennedy Health
| Name | Title | Compensation | Most recent data |
|---|
| Joseph W Devine | Trustee - President and Chief Executive Officer | $1.1 million | June 30, 2019 |
| Glenn A Zirbser | Senior Vice President and Chief Financial Officer | $534,208 | June 30, 2019 |
| █ ███████ █████████ █████ | Vice President and Chief Medical Officer | $389,900 | June 30, 2019 |
| ███████ █████ █████ | Chief Clinical Officer | $331,795 | June 30, 2019 |
| ███████ █████ █████ | Chief Population Health Executive | $401,524 | June 30, 2019 |
| ████ █ ████████ | Chief Adminstrative Officer | $328,639 | June 30, 2019 |
| ████ █ ██████ | Assistant Secretary - Senior Vice President Operations | $511,721 | June 30, 2019 |
| ██████ █ ████ | Vice President , Revenue Cycle | - | March 12, 2018 |
| ██████ █ █████████ | Senior Vice President Technology and Program Services | $416,696 | June 30, 2019 |
| ████████ ██ ██████████ | Vice President of Development | - | March 22, 2018 |
| ...and 47 more key personnel |
Peer general hospitals
| | Name | Type | Revenue | Location |
|---|
| 1 | The Williamsport Hospital | 501(c)(3) | $416 million | Pittsburgh, PA |
| 2 | Indiana Regional Medical Center (IRMC) | 501(c)(3) | $171 million | Indiana, PA |
| 3 | West Penn Allegheny Health System (AHN) | 501(c)(3) | $1.3 billion | Pittsburgh, PA |
| 4 | Upmc Pinnacle Hospitals | 501(c)(3) | $1.1 billion | Harrisburg, PA |
| 5 | Lancaster General Health Penn Medicine (LGH) | 501(c)(3) | $1.0 billion | Lancaster, PA |
| 6 | Chester County Hospital | 501(c)(3) | $333 million | West Chester, PA |
| 7 | Washington Health System Washington Hospital | 501(c)(3) | $252 million | Washington, PA |
| 8 | Mount Nittany Medical Center | 501(c)(3) | $427 million | State College, PA |
| 9 | Abington Hospital - Jefferson Health | 501(c)(3) | $840 million | Abington, PA |
| 10 | Temple University Hospital (TUH) | 501(c)(3) | $1.1 billion | Philadelphia, PA |
| 11 | St Clair Health Corporation Group Return | 501(c)(3) | $363 million | Pittsburgh, PA |
| 12 | Geisinger Community Medical Center | 501(c)(3) | $314 million | Danville, PA |
| 13 | Reading Health System | 501(c)(3) | $986 million | Reading, PA |
| 14 | Butler Memorial Hospital (BHS) | 501(c)(3) | $298 million | Butler, PA |
| 15 | UPMC Altoona | 501(c)(3) | $394 million | Altoona, PA |
| 16 | Lehigh Valley Hospital - Pocono | 501(c)(3) | $276 million | East Stroudsburg, PA |
| 17 | Mercy Catholic Medical Center of Southeastern Pennsylvania | 501(c)(3) | $370 million | Conshohocken, PA |
| 18 | Lehigh Valley Hospital | 501(c)(3) | $1.6 billion | Allentown, PA |
| 19 | Geisinger Wyoming Valley Medical Center | 501(c)(3) | $662 million | Danville, PA |
| 20 | Heritage Valley Sewickley and Heritage Valley Beaver | 501(c)(3) | $372 million | Sewickley, PA |
| 21 | Excela Health | 501(c)(3) | $516 million | Greensburg, PA |
| 22 | Pennsylvania Hospital of the University of Pennsylvania Health System | 501(c)(3) | $681 million | Philadelphia, PA |
| 23 | Delaware County Memorial Hospital (DCMH) | 501(c)(3) | $168 million | Drexel Hill, PA |
| 24 | St Mary Medical Center | 501(c)(3) | $437 million | Langhorne, PA |
| 25 | Robert Packer Hospital | 501(c)(3) | $394 million | Sayre, PA |