Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: NET PATIENT SERVICE REVENUE

  total $552,453,985 · related or exempt $552,453,985

• 2b · Program service revenue: PHYSICIAN PRACTICE SUPPORT REVENUE

  total $462,337,462 · related or exempt $462,337,462

• 2c · Program service revenue: OTHER HEALTHCARE RELATED REVENUE

  total $30,309,568 · related or exempt $30,309,568

• 3 · Investment income

  total $48,342 · excluded $48,342

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

  total $0

• 5 · Royalties

  total $0

• 6a · Gross rents

  real property $22,379

• 6c · Rental income or loss

  real property $22,379 · personal property $0

• 6d · Net rental income or loss

  total $22,379 · excluded $22,379

• 7b · Less cost or other basis and sales expenses

  other assets $45,738

• 7c · Gain or loss

  other assets -$45,738

• 7d · Net gain or loss

  total -$45,738 · excluded -$45,738

• 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 $966,415 · program services $903,384 · management and general $63,031

• 6 · Compensation of disqualified persons

  total $0

• 7 · Other salaries and wages

  total $700,755,703 · program services $655,051,535 · management and general $45,704,168

• 8 · Pension plan contributions

  total $23,950,139 · program services $22,388,081 · management and general $1,562,058

• 9 · Other employee benefits

  total $55,924,822 · program services $52,277,335 · management and general $3,647,487

• 10 · Payroll taxes

  total $34,866,701 · program services $32,592,651 · management and general $2,274,050

• 11a · Fees: management

  total $0

• 11b · Fees: legal

  total $8,000 · program services $7,478 · management and general $522

• 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 $851,457 · program services $795,924 · management and general $55,533

• 12 · Advertising and promotion

  total $84,900 · program services $79,363 · management and general $5,537

• 13 · Office expenses

  total $8,695,006 · program services $8,127,907 · management and general $567,099

• 14 · Information technology

  total $1,578,504 · program services $1,475,552 · management and general $102,952

• 15 · Royalties

  total $0

• 16 · Occupancy

  total $27,242,253 · program services $25,465,479 · management and general $1,776,774

• 17 · Travel

  total $1,415,459 · program services $1,323,141 · management and general $92,318

• 18 · Travel or entertainment for public officials

  total $0

• 19 · Conferences, conventions and meetings

  total $1,169,173 · program services $1,092,918 · management and general $76,255

• 20 · Interest

  total $35,673 · program services $33,346 · management and general $2,327

• 21 · Payments to affiliates

  total $0

• 22 · Depreciation, depletion and amortization

  total $12,460,051 · program services $11,647,391 · management and general $812,660

• 23 · Insurance

  total $18,063,314 · program services $16,885,202 · management and general $1,178,112

• 24a · Other expenses: MEDICAL SUPPLIES

  total $39,072,017 · program services $36,523,691 · management and general $2,548,326

• 24b · Other expenses: PURCHASED SERVICES

  total $99,886,672 · program services $93,371,938 · management and general $6,514,734

• 24c · Other expenses: DUES, LICENSE & SUBSCRIPTIONS

  total $2,405,838 · program services $2,248,926 · management and general $156,912

• 24d · Other expenses: REPAIRS & MAINTENANCE

  total $975,706 · program services $912,069 · management and general $63,637

• 24e · All other expenses

  total $12,878,595 · program services $12,038,636 · management and general $839,959

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $23,877 · end of year $24,547

• 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 $39,290,451 · end of year $47,751,816

• 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 $3,194,432 · end of year $3,515,798

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

  $97,189,605

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

  $51,259,918

• 10c · Land, buildings and equipment, net

  beginning of year $46,357,415 · end of year $45,929,687

• 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 $13,774,690 · end of year $12,156,664

• 15 · Other assets

  beginning of year $17,310,891 · end of year $16,118,306

• 17 · Accounts payable and accrued expenses

  beginning of year $173,583,819 · end of year $172,364,100

• 18 · Grants payable

  beginning of year $0 · end of year $0

• 19 · Deferred revenue

  beginning of year $18,666 · end of year $11,528

• 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 $1,660,888 · end of year $1,445,840

• 24 · Unsecured notes and loans payable

  beginning of year $0 · end of year $0

• 25 · Other liabilities

  beginning of year $81,231,389 · end of year $88,206,238

• 27 · Net assets without donor restrictions

  beginning of year -$136,543,006 · end of year -$136,530,888

• 28 · Net assets with donor restrictions

  beginning of year $0 · end of year $0

The filer's explanations (Part III)

CORE FORM, PART VII AND SCHEDULE J

TAXABLE COMPENSATION REPORTED HEREIN IS DERIVED FROM 2024 FORMS W-2.

SCHEDULE J, PART I; QUESTION 3

COMPENSATION REVIEW ------------------- EXECUTIVE COMPENSATION FOR THE HEALTH NETWORK CONSISTS OF FIXED SALARY, AT-RISK COMPENSATION AND OTHER DEFERRED COMPENSATION ARRANGEMENTS. TOTAL COMPENSATION FOR NETWORK EXECUTIVES IS APPROVED ANNUALLY BY THE NETWORK'S BOARD OF TRUSTEES. THE RECOMMENDED COMPENSATION IS ESTABLISHED THROUGH A MULTI-FACETED APPROACH INCLUDING USE OF AN INDEPENDENT CONSULTANT ENGAGED ON AN ONGOING BASIS BY THE BOARD OF TRUSTEES AND WHO WORKS DIRECTLY WITH THE EXECUTIVE COMPENSATION COMMITTEE OF THE BOARD. ALSO INCLUDED IS THE REVIEW OF FORMS 990 AND COMPENSATION SURVEYS OF OTHER COMPARABLE HEALTHCARE ORGANIZATIONS. BONUS/INCENTIVE --------------- THE AT-RISK COMPENSATION IS APPROVED BY THE EXECUTIVE COMPENSATION COMMITTEE OF THE BOARD AND IS BASED ON SEVERAL QUALITATIVE AND QUANTITATIVE COMPONENTS, INCLUDING JOINT COMMISSION, PENNSYLVANIA DEPARTMENT OF HEALTH AND PENNSYLVANIA TRAUMA SYSTEMS FOUNDATION ACCREDITATIONS, EVIDENCE-BASED HOSPITAL PROCESS OF CARE MEASURES, OUTCOME MEASURES, SUCH AS PATIENT SATISFACTION, MORTALITY RATE, AND LENGTH OF STAY; EFFICIENCY MEASURES AS DEMONSTRATED BY COST-PER-ADJUSTED DISCHARGE AND NET INCOME. OTHER REPORTABLE COMPENSATION ----------------------------- OTHER BENEFITS INCLUDE DEFERRED COMPENSATION BENEFITS THAT HAD ACCUMULATED OVER YEARS OF SERVICE AND WAS REPORTED AND DISTRIBUTED IN ACCORDANCE WITH VESTING REQUIREMENTS AND INTERNAL REVENUE SERVICE RULES AND REGULATIONS. DEFERRED COMPENSATION --------------------- DEFERRED COMPENSATION REPRESENTS RETIREMENT BENEFITS EARNED DURING THE REPORTING PERIOD, NOT RECOGNIZED AS COMPENSATION ON THE EMPLOYEE'S 2024 FORM W-2. NONTAXABLE BENEFITS ------------------- NONTAXABLE BENEFITS REPRESENTS HEALTH AND WELFARE BENEFITS RECEIVED DURING THE REPORTING PERIOD, NOT RECOGNIZED AS COMPENSATION ON THE EMPLOYEE'S 2024 FORM W-2. COMPENSATION REPORTED ON PRIOR 990 ---------------------------------- TOTAL COMPENSATION REPORTED ON PRIOR FORMS 990 REPRESENTS RECOGNITION OF DEFERRED COMPENSATION BENEFITS THAT HAD ACCUMULATED OVER YEARS OF SERVICE AND WAS REPORTED AND DISTRIBUTED IN ACCORDANCE WITH VESTING REQUIREMENTS AND INTERNAL REVENUE SERVICE RULES AND REGULATIONS. THESE AMOUNTS WERE PREVIOUSLY REPORTED IN SCHEDULE J, COLUMN C - RETIREMENT AND OTHER DEFERRED COMPENSATION.

SCHEDULE J, PART I; QUESTION 4B

THE AMOUNT REFLECTED IN SCHEDULE J, PART II, COLUMN B(III) FOR THE FOLLOWING INDIVIDUAL INCLUDES AMOUNTS RELATED TO VESTED CAPITAL ACCUMULATION FOR POST-RETIREMENT DEATH BENEFITS. THIS AMOUNT OUTLINED HEREIN WAS INCLUDED IN HIS 2024 FORM W-2, BOX 5, AS TAXABLE MEDICARE WAGES: JOSEPH W. MINAHAN, $87,895. THE DEFERRED COMPENSATION AMOUNT IN COLUMN C FOR THE FOLLOWING INDIVIDUAL INCLUDES UNVESTED BENEFITS IN AN INTERNAL REVENUE CODE SECTION 457(F) PLAN (NON-QUALIFIED DEFERRED COMPENSATION PLAN) WHICH IS SUBJECT TO A SUBSTANTIAL RISK OF COMPLETE FORFEITURE. ACCORDINGLY, THIS INDIVIDUAL MAY NEVER ACTUALLY RECEIVE THIS UNVESTED BENEFIT AMOUNT. THE AMOUNT OUTLINED HEREIN WAS NOT INCLUDED IN HIS 2024 FORM W-2, BOX 5, AS TAXABLE MEDICARE WAGES: JOSEPH W. MINAHAN, $16,098.

SCHEDULE J, PART I; QUESTIONS 6A AND 6B

THE EXECUTIVE COMPENSATION PACKAGE FOR THE HEALTH NETWORK CONSISTS OF BOTH A FIXED SALARY AND ADDITIONAL AT-RISK COMPENSATION THAT IS BASED ON SEVERAL QUALITATIVE AND QUANTITATIVE COMPONENTS. THE COMPONENTS OF THE AT-RISK COMPENSATION PLAN INCLUDES JCAHO, DEPARTMENT OF HEALTH AND TRAUMA CENTER ACCREDITATIONS, EVIDENCE BASED HOSPITAL PROCESS OF CARE MEASURES, OUTCOME MEASURES SUCH AS PATIENT SATISFACTION, MORTALITY RATE, LENGTH OF STAY, EFFICIENCY MEASURES AS DEMONSTRATED BY COST PER ADJUSTED DISCHARGE AND FINALLY NET INCOME.

SCHEDULE J, PART I; QUESTION 7

CERTAIN INDIVIDUALS INCLUDED IN SCHEDULE J, PART II RECEIVED AT-RISK COMPENSATION DURING CALENDAR YEAR 2024 WHICH WAS INCLUDED IN SCHEDULE J, PART II, COLUMN B(II) HEREIN AND IN EACH INDIVIDUAL'S 2024 FORM W-2, BOX 5, AS TAXABLE MEDICARE WAGES. PLEASE REFER TO THIS SECTION OF THE FORM 990, SCHEDULE J FOR THIS INFORMATION BY PERSON BY AMOUNT.

Related corporations and trusts

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

• ST LUKE'S HEALTH NETWORK INSURANCE COMP

  C CORP. · FINANCIAL VEHICLE · VT

  Directly controlled by NA

• ST LUKE'S PHYSICIAN HOSPITAL ORG INC

  C CORP. · HEALTHCARE SVCS. · PA

  Directly controlled by NA

• HILLCREST EMERGENCY SERVICES PC

  C CORP. · HEALTHCARE SVCS. · NJ

  Directly controlled by NA

• TWO RIVERS ENTERPRISES INC

  C CORP. · REAL ESTATE · NJ

  Directly controlled by NA

• SACRED HEART ANCILLARY SERVICES INC

  C CORP. · HEALTHCARE SVCS. · PA

  Directly controlled by NA

• HILLCREST MALL CONDO ASSOCIATION INC

  C CORP. · REAL ESTATE · PA

  Directly controlled by NA