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Nonprofiteer
← MAIN LINE HEALTHCARE

Form 990 for tax year 2023

Filed by MAIN LINE HEALTHCARE.

Totals

Total revenue
$527,857,663
Total expenses
$527,857,727
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$527,857,663
Investment income
$0
Other revenue
$0
Total assets, end of year
$181,345,374
Total liabilities, end of year
$182,860,260
Net assets or fund balances, end of year
-$1,514,886
Program services expenses (Part IX)
$465,741,505
Management and general expenses
$62,116,222
Fundraising expenses
$0
Program service expenses (Part III)
$465,741,505

Program services were 88.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: PHYSICIAN PRACTICES

    total $455,029,241 · related or exempt $455,029,241

  • 2b · Program service revenue: SUPPORT SERVICES

    total $71,627,703 · related or exempt $71,627,703

  • 2c · Program service revenue: WYSS GRANT

    total $1,200,719 · related or exempt $1,200,719

  • 3 · Investment income

    total $0

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $939,248 · management and general $939,248

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $313,907,998 · program services $291,161,067 · management and general $22,746,931

  • 8 · Pension plan contributions

    total $15,176,596 · program services $13,962,468 · management and general $1,214,128

  • 9 · Other employee benefits

    total $21,556,249 · program services $17,917,552 · management and general $3,638,697

  • 10 · Payroll taxes

    total $17,117,462 · program services $15,686,295 · management and general $1,431,167

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $281,768 · program services $37,028 · management and general $244,740

  • 11c · Fees: accounting

    total $0

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $64,620,551 · program services $62,608,773 · management and general $2,011,778

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $24,440,257 · program services $23,754,582 · management and general $685,675

  • 14 · Information technology

    total $7,762,845 · program services $45,570 · management and general $7,717,275

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $20,984,254 · program services $19,311,058 · management and general $1,673,196

  • 17 · Travel

    total $51,838 · program services $40,884 · management and general $10,954

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $131,041 · program services $122,967 · management and general $8,074

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $11,184,521 · management and general $11,184,521

  • 22 · Depreciation, depletion and amortization

    total $9,548,892 · program services $8,747,172 · management and general $801,720

  • 23 · Insurance

    total $18,740,821 · program services $11,310,071 · management and general $7,430,750

  • 24a · Other expenses: BANK FEES

    total $912,523 · program services $627,517 · management and general $285,006

  • 24b · Other expenses: DUES

    total $413,514 · program services $399,512 · management and general $14,002

  • 24c · Other expenses: AWARDS, CEREMONY

    total $56,257 · management and general $56,257

  • 24d · Other expenses: REIMBURSED FOUNDATION EXPENSE

    total $16,193 · management and general $16,193

  • 24e · All other expenses

    total $14,899 · program services $8,989 · management and general $5,910

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,888,401 · end of year -$3,724,541

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $18,325,563 · end of year $22,473,334

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,295,061 · end of year $3,860,162

  • 10a · Land, buildings and equipment: cost or other basis

    $108,098,722

  • 10b · Land, buildings and equipment: accumulated depreciation

    $60,509,442

  • 10c · Land, buildings and equipment, net

    beginning of year $53,866,531 · end of year $47,589,280

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $101,775,022 · end of year $111,147,139

  • 17 · Accounts payable and accrued expenses

    beginning of year $40,422,338 · end of year $45,370,214

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $67,306 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $132,512,760 · end of year $137,490,046

  • 27 · Net assets without donor restrictions

    beginning of year $7,148,174 · end of year -$1,514,886

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2023

Mission

THE PROFESSIONALS OF MAIN LINE HEALTHCARE, A KEY PARTNER IN A COMPREHENSIVE HEALTHCARE NETWORK, ARE COMMITTED TO PROVIDING THE EXCEPTIONAL CARE THAT HAS BEEN ENTRUSTED TO US BY PATIENTS AND THEIR FAMILIES. MAIN LINE HEALTHCARE PROVIDES PHYSICIANS WITH MANAGEMENT SUPPORT IN THEIR PRACTICES ALLOWING PHYSICIANS TO SPEND MORE TIME ON CLINICAL ASPECTS OF MEDICINE WHILE MINIMIZING ADMINISTRATIVE BURDENS.

Activities or mission (Part I)

THE PROFESSIONALS OF MLHC ARE COMMITTED TO PROVIDING THE EXCEPTIONAL CARE THAT HAS BEEN ENTRUSTED TO US BY PATIENTS AND THEIR FAMILIES.

  • MAIN LINE HEALTHCARE IS THE EMPLOYED MULTISPECIALTY PHYSICIAN NETWORK OF THE MAIN LINE HEALTH SYSTEM AND INCLUDES 569 COMMUNITY AND HOSPITAL-BASED PHYSICIANS AND 284 ADVANCED PRACTICE PROVIDERS. MAIN LINE HEALTHCARE EMPLOYS PHYSICIANS AND ADVANCED PRACTICE PROVIDERS IN OVER 30 CLINICAL SPECIALTIES AND SUBSPECIALTIES WITHIN PRIMARY CARE, OBSTETRICS AND GYNECOLOGY, SURGERY, HOSPITAL MEDICINE, CARDIOLOGY, AND VARIOUS MEDICINE SUBSPECIALTIES. MAIN LINE HEALTHCARE PROVIDES ALL NECESSARY PRACTICE MANAGEMENT, OPERATIONS, AND FINANCIAL SERVICES SUPPORT FOR EMPLOYED PHYSICIANS AND ADVANCED PRACTICE PROVIDERS. Main Line HealthCare continues to grow and promote its physicians' connection to the Main Line Health System, reinforcing its strategic importance to the System, and enabling Main Line HealthCare to develop a network in harmony with ongoing Main Line Health System initiatives. The goal of Main Line HealthCare is to create and communicate a brand that conveys exceptional quality throughout the communities it serves and have a positive impact on the future of the organization and Main Line Health. FOR THE FISCAL YEAR PRESENTED, MAIN LINE HEALTHCARE PHYSICIANS AND ADVANCED PRACTICE PROVIDERS WERE RESPONSIBLE FOR 1,672,754 PATIENT ENCOUNTERS.

    Expenses $465,741,505 · Revenue $527,857,663

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • John J Lynch III

    CEO/EX-OFFICIO TRUSTEE

    Total calculated
    $3,006,096
    From this org
    $0
    From related orgs
    $2,587,326
    Other
    $418,770
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,349,781 related
    Bonus
    $0 + $797,068 related
    Other
    $0 + $440,477 related
    Deferred
    $0 + $380,074 related
    Nontaxable benefits
    $0 + $38,696 related
    Filer's total
    $0 + $3,006,096 related

  • Basel Ramlawi

    PHYSICIAN

    Total calculated
    $2,287,328
    From this org
    $2,233,081
    From related orgs
    $0
    Other
    $54,247
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,837,831
    Bonus
    $390,000
    Other
    $5,250
    Deferred
    $0
    Nontaxable benefits
    $54,247
    Filer's total
    $2,287,328

  • Mitesh Shah

    PHYSICIAN

    Total calculated
    $1,404,571
    From this org
    $1,376,509
    From related orgs
    $0
    Other
    $28,062
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $839,661
    Bonus
    $531,598
    Other
    $5,250
    Deferred
    $0
    Nontaxable benefits
    $28,062
    Filer's total
    $1,404,571

  • Michael J Buongiorno

    TREASURER (UNTIL DEC 2023)

    Total calculated
    $1,254,234
    From this org
    $0
    From related orgs
    $1,210,877
    Other
    $43,357
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $751,055 related
    Bonus
    $0 + $447,453 related
    Other
    $0 + $12,369 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $43,357 related
    Filer's total
    $0 + $1,254,234 related

  • John Marks

    PHYSICIAN

    Total calculated
    $1,248,619
    From this org
    $1,191,371
    From related orgs
    $0
    Other
    $57,248
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,017,021
    Bonus
    $169,100
    Other
    $5,250
    Deferred
    $0
    Nontaxable benefits
    $57,248
    Filer's total
    $1,248,619

  • William Gray

    PHYSICIAN

    Total calculated
    $1,243,993
    From this org
    $1,198,597
    From related orgs
    $0
    Other
    $45,396
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,113,347
    Bonus
    $80,000
    Other
    $5,250
    Deferred
    $0
    Nontaxable benefits
    $45,396
    Filer's total
    $1,243,993

  • Scott Rushton

    PHYSICIAN

    Total calculated
    $1,177,033
    From this org
    $1,129,631
    From related orgs
    $0
    Other
    $47,402
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,047,850
    Bonus
    $0
    Other
    $81,781
    Deferred
    $0
    Nontaxable benefits
    $47,402
    Filer's total
    $1,177,033

  • Eric R Mankin MD

    PRESIDENT, MLHC

    Total calculated
    $1,022,404
    From this org
    $882,046
    From related orgs
    $0
    Other
    $140,358
    Hours/week
    39 + 1 related

    Schedule J breakdown matched by us

    Base
    $600,746
    Bonus
    $202,829
    Other
    $78,471
    Deferred
    $96,477
    Nontaxable benefits
    $43,881
    Filer's total
    $1,022,404

  • Brian T Corbett Esq

    SECRETARY

    Total calculated
    $962,682
    From this org
    $0
    From related orgs
    $836,290
    Other
    $126,392
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $567,076 related
    Bonus
    $0 + $179,425 related
    Other
    $0 + $89,789 related
    Deferred
    $0 + $87,548 related
    Nontaxable benefits
    $0 + $38,844 related
    Filer's total
    $0 + $962,682 related

  • Eileen Carr

    ASSISTANT SECRETARY

    Total calculated
    $162,660
    From this org
    $0
    From related orgs
    $133,562
    Other
    $29,098
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $133,312 related
    Bonus
    $0 + $250 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $29,098 related
    Filer's total
    $0 + $162,660 related

  • Leigh Ehrlich

    TREASURER (START DEC 2023)

    Total calculated
    $66,905
    From this org
    $0
    From related orgs
    $43,261
    Other
    $23,644
    Hours/week
    1 + 39 related

  • Elizabeth J Balderston

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • Peter Havens

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 6 related

  • Chris Bruner

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • Ellen Rinaldi

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • Barbara Gasper

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • Steven Higgins

    CHAIRMAN & TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 10 related

  • William Stulginsky

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 4 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

FORM 990, SCHEDULE J, PART I, LINE 4B
NONQUALIFIED RETIREMENT PLAN: THE CEO AND Treasurer ("PARTICIPANTS") PARTICIPATE IN A NONQUALIFIED RETIREMENT PLAN. MAIN LINE HOSPITALS, INC. PROVIDES SUPPLEMENTAL RETIREMENT BENEFITS THROUGH A FUNDING ARRANGEMENT KNOWN AS A COLLATERAL ASSIGNMENT SPLIT DOLLAR POLICY. THE PLAN PROVIDES THAT THE SYSTEM WILL PAY PREMIUM PAYMENTS ON A LIFE INSURANCE POLICY FOR EACH OF THE PARTICIPANTS. DURING THE PARTICIPANTS' LIFE, TO THE EXTENT SERVICE AND VESTING REQUIREMENTS ARE FULFILLED, THE PARTICIPANT CAN BORROW AGAINST VALUES IN THE POLICY TO SUPPLEMENT RETIREMENT INCOME. IT IS REASONABLE TO BELIEVE THAT THE LOAN IS PAID IN FULL UPON THE DEATH OF THE PARTICIPANT. FORGIVEN INTEREST INCLUDED IN PARTICIPANTS' EARNINGS ARE: CEO $41,370 Treasurer (Michael Buongiorno) $12,369 SERP DISCLOSURE: Main Line Health, Inc. ("MLH") and its Affiliates provided supplemental retirement benefits through established Supplemental Executive Retirement Plans ("SERP") to select members of Senior Leadership in FY24. SERP benefits funded by MLH are subject to vesting and employment date requirements and are paid out at the conclusion of a predetermined performance period. A performance period is a timeframe of at least twelve months that may cover varying lengths of time for each individual employee. Benefits for participants vested in a plan were reported in Schedule J, Part II, Column (B) (III) and benefits for participants not yet vested in a plan were reported in Schedule J, Part II, Column (C).
FORM 990, SCHEDULE J, PART I, LINE 7
THE COMPENSATION OF THE CEO, EVP & CHIEF FINANCIAL OFFICER, HOSPITAL PRESIDENTS, AND OTHER SENIOR EXECUTIVES DID INCLUDE A NON-FIXED COMPONENT PAYMENT OF COMPENSATION BASED UPON PRE-ESTABLISHED QUALITY, PATIENT SAFETY, AND FINANCIAL TARGETS ESTABLISHED AT THE BEGINNING OF THE FISCAL YEAR. THE HUMAN RESOURCES AND COMPENSATION COMMITTEE OF THE MAIN LINE HEALTH BOARD IS RESPONSIBLE FOR EVALUATING AND DETERMINING THE APPROPRIATENESS OF THE TARGETS. AFTER REVIEW AND DELIBERATION, THE COMMITTEE DOCUMENTS ITS DECISIONS AND REPORTS TO THE FULL BOARD OF GOVERNORS WHO REVIEW THE COMPENSATION DECISIONS. PAYMENTS ARE MADE TO THE APPROPRIATE INDIVIDUALS BY THE ORGANIZATION WITHIN WHICH THOSE INDIVIDUALS RESIDE FOR PAYROLL REPORTING PURPOSES.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • BMHR ASSOCIATES

    N/A · HEALTHCARE · PA · share of income $0 · share of assets $0

    Directly controlled by NA

  • MAIN LINE HEALTH IMAGING LP

    N/A · HEALTHCARE · PA · share of income $0 · share of assets $0

    Directly controlled by NA

  • RIDDLE SURGICAL CENTER LLC

    N/A · HEALTHCARE · PA · share of income $0 · share of assets $0

    Directly controlled by NA

  • ACCOUNTABLE CARE ORGANIZATION OF PA LLC

    N/A · HEALTHCARE · PA · share of income $0 · share of assets $0

    Directly controlled by NA

  • BRYN MAWR SURGERY CENTER LLC

    N/A · HEALTHCARE · PA · share of income $0 · share of assets $0

    Directly controlled by NA

  • 120 VALLEY GREEN LANE LLC

    N/A · HEALTHCARE · PA · share of income $0 · share of assets $0

    Directly controlled by NA

  • MUVE - WEST CHESTER LLC

    N/A · HEALTHCARE · KS · share of income $0 · share of assets $0

    Directly controlled by NA

  • PAOLI SURGERY CENTER LLC

    N/A · HEALTHCARE · PA · share of income $0 · share of assets $0

    Directly controlled by NA

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • MAIN LINE CORPORATION

    C CORPORATION · INACTIVE · PA · share of income $0 · share of assets $0

    Directly controlled by MLHC

  • MOUNTAIN LAUREL RISK RETENTION GROUP

    C CORPORATION · INSURANCE · VT · share of income $0 · share of assets $0

    Directly controlled by NA

  • RIDDLE HEALTH NETWORK LLC

    C CORPORATION · INACTIVE · PA · share of income $0 · share of assets $0

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2023
Filed
12 May 2025
IRS schema version
2023v6.0
Source object
202511339349309376

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