Mount Nittany Medical Center is a general hospital based in State College, PA that was founded in 1905. As of 2018 they had $418 million in revenue and $710 million in assets.
Mount Nittany Medical Center is committed to providing quality medical care in an atmosphere that reflects high standards of social, ethical and financial responsibility and will assure that those same standards are met in all contractual relationships.
Previous legal names or variations of their name include: Mount Nittany Health.
EIN:
24-0795682
City:
State:
Website:
Phone:
814-231-7000
Founded:
1905
Type:
501(c)(3)
NTEE:
Revenue:
$418,831,298
Assets:
$710,754,642
Employees:
2,238
Fiscal year end:
June
Program areas at Mount Nittany Medical Center
Mount Nittany Medical Center is an acute care hospital and is an affiliate of Mount Nittany health system (health system) which includes Mount Nittany Medical Center, Mount Nittany Medical Center health services, centre county children's advocacy Center, and the foundation for Mount Nittany Medical Center. Mount Nittany Medical Center is committed to providing quality Medical care in an atmosphere that reflects high standards of social, ethical, and financial responsibility and will assure that those same standards are met in all contractual relationships. Continued on schedule o.the board of trustees has established this statement of organizational values to assure that members of the board, the Medical Center staff, and the Medical staff honor the following principles through our behaviors:1) alliances with patients:- we will treat all patients with dignity and respect, and will accommodate individual responses to the stress of illness.- we fully support the principles outlined in the statement of ...
Form 990s for Mount Nittany Medical Center
| Fiscal year ending | Date received by IRS | Form | PDF link |
|---|
| 2018-06 | Jun 19, 2019 | 990 | View PDF |
| 2017-06 | Sep 12, 2018 | 990 | View PDF |
| 2016-06 | Aug 30, 2017 | 990 | View PDF |
| 2015-06 | Aug 3, 2016 | 990 | View PDF |
| 2014-06 | Jun 26, 2015 | 990 | View PDF |
| ...and four more Form 990 PDFs |
Financials for Mount Nittany Medical Center
| Field | 2018 | 2017 | % Change |
|---|
| Federated campaigns | $0 | $0 | |
| Membership dues | $0 | $0 | |
| Fundraising event contributions | $0 | $0 | |
| Related organizations | $0 | $761,402 | -100% |
| Government grants (contributions) | $360,435 | $340,000 | 6.0% |
| Normal grants, contributions, etc. | $1,560,000 | $0 | 999% |
| <em>Non-cash contributions included in above</em> | $1,560,000 | $0 | 999% |
| Total grants, contributions, etc. | $1,920,435 | $1,101,402 | 74.4% |
| Field | 2018 | 2017 | % Change |
|---|
| Total grants, contributions, etc. | $1,920,435 | $1,101,402 | 74.4% |
| Program services | $406,433,845 | $387,215,989 | 5.0% |
| Investment income and dividends | $1,099,058 | $852,959 | 28.9% |
| Tax-exempt bond proceeds | $0 | $0 | |
| Royalty revenue | $0 | $0 | |
| Net rental income | $-219,212 | $-236,248 | 7.2% |
| Net gain from sale of non-inventory assets | $3,032,904 | $214,967 | 1310.9% |
| Net income from fundraising events | $0 | $0 | |
| Net income from gaming activities | $0 | $0 | |
| Net income from sales of inventory | $70,045 | $65,302 | 7.3% |
| Miscellaneous revenues | $6,494,223 | $5,810,728 | 11.8% |
| Total revenues | $418,831,298 | $395,025,099 | 6.0% |
| Field | 2018 | 2017 | % Change |
|---|
| Grants to govts. and orgs. in USA | $18,038,827 | $35,403,772 | -49.0% |
| 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. | $0 | $0 | |
| Compensation not included above, to disqualified persons | $0 | $0 | |
| Non-officer salaries and wages | $130,555,569 | $126,194,105 | 3.5% |
| Pension/retirement accruals and contributions | $13,441,026 | $13,915,627 | -3.4% |
| Other employee benefits | $22,588,648 | $19,609,361 | 15.2% |
| Payroll taxes | $9,374,360 | $9,059,751 | 3.5% |
| Management fees | $0 | $0 | |
| Legal fees | $1,319,747 | $1,476,996 | -10.6% |
| Accounting fees | $145,620 | $138,702 | 5.0% |
| Lobbying fees | $20,472 | $19,065 | 7.4% |
| Pro. fundraising fees | $0 | $0 | |
| Investment mgmt fees | $1,665,233 | $1,406,100 | 18.4% |
| Other fee-for-service | $18,261,487 | $16,100,526 | 13.4% |
| Advertising and promotion | $494,912 | $387,168 | 27.8% |
| Office expenses | $4,139,717 | $3,824,104 | 8.3% |
| Information tech. expenses | $6,294,699 | $6,288,242 | 0.1% |
| Royalty expenses | $0 | $0 | |
| Occupancy | $4,720,389 | $4,790,513 | -1.5% |
| Travel | $104,474 | $106,565 | -2.0% |
| Public official travel and entertainment | $0 | $0 | |
| Conferences, meetings, etc. | $72,080 | $152,214 | -52.6% |
| Interest | $7,570,796 | $7,357,596 | 2.9% |
| Payments to affiliates | $0 | $0 | |
| Depreciation, amortization, etc. | $20,770,562 | $19,623,353 | 5.8% |
| Insurance | $1,879,305 | $2,209,755 | -15.0% |
| All other expenses | $114,042,487 | $94,924,995 | 20.1% |
| Total expenses | $375,500,410 | $362,988,510 | 3.4% |
| Field | 2018 | 2017 | % Change |
|---|
| Cash (non-interest-bearing) | $4,185 | $4,186 | -0.0% |
| Savings, short-term investments, etc. | $24,158,693 | $20,706,470 | 16.7% |
| Pledges and grants receivable | $0 | $0 | |
| Accounts receivable | $40,421,690 | $35,926,477 | 12.5% |
| 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 | $8,498,972 | $8,620,447 | -1.4% |
| Prepaid expenses and deferred charges | $4,432,343 | $4,007,037 | 10.6% |
| Buildings, equipment, etc. post-depreciation | $219,184,061 | $211,003,839 | 3.9% |
| Investments, publicly traded securities | $37,435,145 | $308,046,651 | -87.8% |
| Investments, other securities | $354,571,136 | $1,429,606 | 24702.0% |
| Investments, program-related | $0 | $0 | |
| Intangible assets | $0 | $0 | |
| Other assets | $22,048,417 | $19,580,713 | 12.6% |
| Total assets | $710,754,642 | $609,325,426 | 16.6% |
| Field | 2018 | 2017 | % Change |
|---|
| Accounts payable and accrued expenses | $100,261,989 | $99,252,053 | 1.0% |
| Grants payable | $0 | $0 | |
| Deferred revenue | $889,726 | $802,506 | 10.9% |
| Tax-exempt bond liabilities | $257,976,954 | $212,098,415 | 21.6% |
| 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 | $0 | $0 | |
| Unsecured notes and loans payable to unrelated third parties | $0 | $0 | |
| Other liabilities | $14,252,748 | $12,564,977 | 13.4% |
| Total liabilities | $373,381,417 | $324,717,951 | 15.0% |
| Field | 2018 | 2017 | % Change |
|---|
| Unrestricted net assets | $329,972,125 | $279,867,645 | 17.9% |
| Temporarily restricted net assets | $5,396,028 | $2,717,972 | 98.5% |
| Permanently restricted net assets | $2,005,072 | $2,021,858 | -0.8% |
Vendors for Mount Nittany Medical Center
| Vendor | Services | Amount paid | Date |
|---|
| Usi Insurance Services LLC | Insurance agent or broker | $105,414 | 2019-12-31 |
| ██████ ████████ ██ ███████ | Insurance | | 2019-12-31 |
| ███ ███████ ████████ ████ █████████ ███████ | Insurance | | 2019-12-31 |
| █████ ██████████ ███████ ███ | Insurance | | 2019-12-31 |
| ██████ ██ ███████ | Insurance agent or broker | $186,430 | 2019-12-31 |
| █████ █████ ███████ ██████ ███ | Tax accounting; Audit accounting | | 2019-05-30 |
| █████ ██████████ ████████ ███ | Consulting Services | $2,425,503 | 2018-06-01 |
| ██████████ ██████████ | Physician Services | $1,176,438 | 2018-06-01 |
| ...and 12 more vendors |
Personnel at Mount Nittany Medical Center
| Name | Title | Compensation | Most recent data |
|---|
| Kathleen Rhine | President and Chief Executive Officer | $698,311 | Sept. 28, 2020 |
| Lance Rose | Former Chief Executive Officer and Officer and Director | - | June 30, 2018 |
| ███ ███████ | Chief Operating Officer , Mount Nittany Physician Group | - | Sept. 28, 2020 |
| █████ █████ | Executive Vice President and Chief Financial Officer | - | Sept. 28, 2020 |
| █████ ██████████ ███ | Senior Vice President, Finance and Chief Financial Officer | $366,563 | June 30, 2018 |
| █████ ████████ | Executive Vice President and Chief Information Officer | $430,528 | June 30, 2018 |
| █████ █████ | Chief Human Resources Officer | - | Sept. 28, 2020 |
| █████ ██ █████████████ | Chief of Medical Staff | $29,242 | Aug. 5, 2019 |
| █████ ██████ | Interim Vice President, Professional and Clinical Services | - | Nov. 11, 2017 |
| █████ █ ████████ █████ | Executive Vice President Finance and Administrative | - | May 30, 2019 |
| ...and 19 more key personnel |
Peer general hospitals
| | Name | Type | Revenue | Location |
|---|
| 1 | Geisinger Lewistown Hospital | 501(c)(3) | $131 million | Danville, PA |
| 2 | Geisinger Community Medical Center | 501(c)(3) | $314 million | Danville, PA |
| 3 | Abington Hospital - Jefferson Health | 501(c)(3) | $840 million | Abington, PA |
| 4 | Reading Health System | 501(c)(3) | $986 million | Reading, PA |
| 5 | UPMC Altoona | 501(c)(3) | $394 million | Altoona, PA |
| 6 | Mercy Catholic Medical Center of Southeastern Pennsylvania | 501(c)(3) | $365 million | Conshohocken, PA |
| 7 | Butler Memorial Hospital (BHS) | 501(c)(3) | $297 million | Butler, PA |
| 8 | Washington Health System Washington Hospital | 501(c)(3) | $242 million | Washington, PA |
| 9 | Temple University Hospital (TUH) | 501(c)(3) | $1.1 billion | Philadelphia, PA |
| 10 | Indiana Regional Medical Center (IRMC) | 501(c)(3) | $171 million | Indiana, PA |
| 11 | Chester County Hospital | 501(c)(3) | $333 million | West Chester, PA |
| 12 | Lancaster General Health Penn Medicine (LGH) | 501(c)(3) | $1.0 billion | Lancaster, PA |
| 13 | The Williamsport Hospital | 501(c)(3) | $351 million | Williamsport, PA |
| 14 | Monongahela Valley Hospital (MVH) | 501(c)(3) | $139 million | Monongahela, PA |
| 15 | Lehigh Valley Hospital | 501(c)(3) | $1.6 billion | Allentown, PA |
| 16 | Heritage Valley Sewickley and Heritage Valley Beaver | 501(c)(3) | $374 million | Sewickley, PA |
| 17 | Pennsylvania Hospital of the University of Pennsylvania Health System | 501(c)(3) | $657 million | Philadelphia, PA |
| 18 | Delaware County Memorial Hospital (DCMH) | 501(c)(3) | $168 million | Drexel Hill, PA |
| 19 | Lehigh Valley Hospital-Muhlenberg | 501(c)(3) | $300 million | Allentown, PA |
| 20 | Jefferson Health - Northeast | 501(c)(3) | $467 million | Philadelphia, PA |
| 21 | Armstrong Center for Medicine and Health Hospital (ACMH) | 501(c)(3) | $105 million | Kittanning, PA |
| 22 | Lehigh Valley Hospital-Hazleton | 501(c)(3) | $124 million | Allentown, PA |
| 23 | Susquehanna Health Medical Group | 501(c)(3) | $110 million | Williamsport, PA |
| 24 | Thomas Jefferson University Hospital | 501(c)(3) | $1.8 billion | Philadelphia, PA |
| 25 | Robert Packer Hospital | 501(c)(3) | $355 million | Sayre, PA |