Mount Nittany Medical Center is a general hospital based in State College, PA that was founded in 1905. As of 2019 they had $427 million in revenue and $771 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:
$427,132,703
Assets:
$771,104,568
Employees:
2,247
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 |
|---|
| 2019-06 | Sep 25, 2020 | 990 | View PDF |
| 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 |
| ...and five more Form 990 PDFs |
Financials for Mount Nittany Medical Center
| Field | 2019 | 2018 | % Change |
|---|
| Federated campaigns | $0 | $0 | |
| Membership dues | $0 | $0 | |
| Fundraising event contributions | $0 | $0 | |
| Related organizations | $0 | $0 | |
| Government grants (contributions) | $350,000 | $360,435 | -2.9% |
| Normal grants, contributions, etc. | $32,000 | $1,560,000 | -97.9% |
| <em>Non-cash contributions included in above</em> | $0 | $1,560,000 | -100% |
| Total grants, contributions, etc. | $382,000 | $1,920,435 | -80.1% |
| Field | 2019 | 2018 | % Change |
|---|
| Total grants, contributions, etc. | $382,000 | $1,920,435 | -80.1% |
| Program services | $414,537,910 | $406,433,845 | 2.0% |
| Investment income and dividends | $1,396,446 | $1,099,058 | 27.1% |
| Tax-exempt bond proceeds | $0 | $0 | |
| Royalty revenue | $0 | $0 | |
| Net rental income | $-216,564 | $-219,212 | 1.2% |
| Net gain from sale of non-inventory assets | $859,766 | $3,032,904 | -71.7% |
| Net income from fundraising events | $0 | $0 | |
| Net income from gaming activities | $0 | $0 | |
| Net income from sales of inventory | $77,309 | $70,045 | 10.4% |
| Miscellaneous revenues | $10,095,836 | $6,494,223 | 55.5% |
| Total revenues | $427,132,703 | $418,831,298 | 2.0% |
| Field | 2019 | 2018 | % Change |
|---|
| Grants to govts. and orgs. in USA | $27,030,341 | $18,038,827 | 49.8% |
| 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. | $4,833,805 | $0 | 999% |
| Compensation not included above, to disqualified persons | $0 | $0 | |
| Non-officer salaries and wages | $131,562,399 | $130,555,569 | 0.8% |
| Pension/retirement accruals and contributions | $12,575,567 | $13,441,026 | -6.4% |
| Other employee benefits | $22,617,181 | $22,588,648 | 0.1% |
| Payroll taxes | $9,703,486 | $9,374,360 | 3.5% |
| Management fees | $0 | $0 | |
| Legal fees | $856,045 | $1,319,747 | -35.1% |
| Accounting fees | $117,000 | $145,620 | -19.7% |
| Lobbying fees | $21,170 | $20,472 | 3.4% |
| Pro. fundraising fees | $0 | $0 | |
| Investment mgmt fees | $1,987,019 | $1,665,233 | 19.3% |
| Other fee-for-service | $22,516,198 | $18,261,487 | 23.3% |
| Advertising and promotion | $435,492 | $494,912 | -12.0% |
| Office expenses | $3,118,792 | $4,139,717 | -24.7% |
| Information tech. expenses | $7,274,629 | $6,294,699 | 15.6% |
| Royalty expenses | $0 | $0 | |
| Occupancy | $4,971,351 | $4,720,389 | 5.3% |
| Travel | $44,745 | $104,474 | -57.2% |
| Public official travel and entertainment | $0 | $0 | |
| Conferences, meetings, etc. | $0 | $72,080 | -100% |
| Interest | $8,481,296 | $7,570,796 | 12.0% |
| Payments to affiliates | $0 | $0 | |
| Depreciation, amortization, etc. | $22,278,266 | $20,770,562 | 7.3% |
| Insurance | $2,355,528 | $1,879,305 | 25.3% |
| All other expenses | $97,946,967 | $114,042,487 | -14.1% |
| Total expenses | $380,727,277 | $375,500,410 | 1.4% |
| Field | 2019 | 2018 | % Change |
|---|
| Cash (non-interest-bearing) | $4,186 | $4,185 | 0.0% |
| Savings, short-term investments, etc. | $30,300,892 | $24,158,693 | 25.4% |
| Pledges and grants receivable | $0 | $0 | |
| Accounts receivable | $36,568,689 | $40,421,690 | -9.5% |
| 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 | $9,116,651 | $8,498,972 | 7.3% |
| Prepaid expenses and deferred charges | $5,042,240 | $4,432,343 | 13.8% |
| Buildings, equipment, etc. post-depreciation | $217,110,376 | $219,184,061 | -0.9% |
| Investments, publicly traded securities | $30,878,447 | $37,435,145 | -17.5% |
| Investments, other securities | $415,404,932 | $354,571,136 | 17.2% |
| Investments, program-related | $0 | $0 | |
| Intangible assets | $0 | $0 | |
| Other assets | $26,678,155 | $22,048,417 | 21.0% |
| Total assets | $771,104,568 | $710,754,642 | 8.5% |
| Field | 2019 | 2018 | % Change |
|---|
| Accounts payable and accrued expenses | $125,612,289 | $100,261,989 | 25.3% |
| Grants payable | $0 | $0 | |
| Deferred revenue | $324,025 | $889,726 | -63.6% |
| Tax-exempt bond liabilities | $234,783,665 | $257,976,954 | -9.0% |
| 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 | $0 | $0 | |
| Unsecured notes and loans payable to unrelated third parties | $0 | $0 | |
| Other liabilities | $3,922,945 | $14,252,748 | -72.5% |
| Total liabilities | $364,642,924 | $373,381,417 | -2.3% |
| Field | 2019 | 2018 | % Change |
|---|
| Unrestricted net assets | $396,984,895 | $329,972,125 | 20.3% |
| Temporarily restricted net assets | $6,673,597 | $5,396,028 | 23.7% |
| Permanently restricted net assets | $2,803,152 | $2,005,072 | 39.8% |
Vendors for Mount Nittany Medical Center
| Vendor | Services | Amount paid | Date |
|---|
| Baker Tilly Virchow Krause LLP | Tax accounting; Audit accounting | | 2020-09-25 |
| ███ █████████ ████████ ███ | 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 |
| ██████████████████████ ███ | Consulting Services | $1,497,290 | 2019-06-01 |
| █████ ██████████ ████████ ███ | Consulting Services | $2,192,803 | 2019-06-01 |
| ...and 12 more vendors |
Personnel at Mount Nittany Medical Center
| Name | Title | Compensation | Most recent data |
|---|
| Kathleen Rhine | President and Chief Executive Officer | $873,210 | 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 |
| █████ ████████ | Executive Vice President and Chief Information Officer | $430,528 | June 30, 2018 |
| █████ █████ | Chief Human Resources Officer | - | Sept. 28, 2020 |
| ██████ █████ | System Chief Medical Officer | $534,645 | Sept. 28, 2020 |
| █████ ██ █████████████ | Chief of Medical Staff | $29,242 | Aug. 5, 2019 |
| █████ █ ████████ █████ | Executive Vice President Finance and Administrative | - | May 30, 2019 |
| █████ ██ ████ | Vice President, Finance | $252,164 | Aug. 5, 2019 |
| ...and 18 more key personnel |
Peer general hospitals
| | Name | Type | Revenue | Location |
|---|
| 1 | Lancaster General Health Penn Medicine (LGH) | 501(c)(3) | $1.0 billion | Lancaster, PA |
| 2 | Indiana Regional Medical Center (IRMC) | 501(c)(3) | $171 million | Indiana, PA |
| 3 | Chester County Hospital | 501(c)(3) | $333 million | West Chester, PA |
| 4 | The Williamsport Hospital | 501(c)(3) | $416 million | Pittsburgh, PA |
| 5 | Lehigh Valley Hospital - Schuylkill | 501(c)(3) | $152 million | Allentown, PA |
| 6 | Monongahela Valley Hospital (MVH) | 501(c)(3) | $136 million | Monongahela, PA |
| 7 | Pennsylvania Hospital of the University of Pennsylvania Health System | 501(c)(3) | $681 million | Philadelphia, PA |
| 8 | Heritage Valley Sewickley and Heritage Valley Beaver | 501(c)(3) | $372 million | Sewickley, PA |
| 9 | Lehigh Valley Hospital | 501(c)(3) | $1.6 billion | Allentown, PA |
| 10 | Delaware County Memorial Hospital (DCMH) | 501(c)(3) | $168 million | Drexel Hill, PA |
| 11 | Divine Providence Hospital of the Sisters of Christian Charity | 501(c)(3) | $114 million | Williamsport, PA |
| 12 | Mercy Catholic Medical Center of Southeastern Pennsylvania | 501(c)(3) | $370 million | Conshohocken, PA |
| 13 | St Clair Health Corporation Group Return | 501(c)(3) | $363 million | Pittsburgh, PA |
| 14 | Abington Hospital - Jefferson Health | 501(c)(3) | $840 million | Abington, PA |
| 15 | Geisinger Community Medical Center | 501(c)(3) | $314 million | Danville, PA |
| 16 | Temple University Hospital (TUH) | 501(c)(3) | $1.1 billion | Philadelphia, PA |
| 17 | UPMC Altoona | 501(c)(3) | $394 million | Altoona, PA |
| 18 | Reading Health System | 501(c)(3) | $986 million | Reading, PA |
| 19 | Geisinger Lewistown Hospital | 501(c)(3) | $133 million | Danville, PA |
| 20 | Washington Health System Washington Hospital | 501(c)(3) | $252 million | Washington, PA |
| 21 | Butler Memorial Hospital (BHS) | 501(c)(3) | $298 million | Butler, PA |
| 22 | Thomas Jefferson University Hospital | 501(c)(3) | $1.8 billion | Philadelphia, PA |
| 23 | WellSpan Ephrata Community Hospital | 501(c)(3) | $217 million | York, PA |
| 24 | Evangelical Community Hospital | 501(c)(3) | $215 million | Lewisburg, PA |
| 25 | Lehigh Valley Hospital-Hazleton | 501(c)(3) | $124 million | Allentown, PA |