Penn State Health is a 501(c)(3) nonprofit organization based in Hershey, Pennsylvania, that operates as an integrated academic health system. The organization manages and supports healthcare facilities and assets while maintaining a close operational and financial relationship with Pennsylvania State University, including support for the university's College of Medicine. Penn State Health operates multiple acute care hospitals including Milton S. Hershey Medical Center, St. Joseph Regional Health Network, Holy Spirit Medical Center, Penn State Health Hampden Medical Center, and Penn State Health Lancaster Medical Center.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.6B
+12.1% YoY
Annual Giving
$72.4M
+26873.8% YoY
Grant Count
21
+16.7% YoY
Avg Grant Size
$3.4M
+23020.4% YoY
Mission & Focus Areas
Penn State Health's mission is to continually improve the health and well-being of the people of Pennsylvania and beyond. The organization provides patients with excellent, compassionate, and equitable care; educates and trains healthcare professionals; and advances evidence-based medical innovation through research and discovery.
The organization's primary program areas include:
- Promoting and supporting Pennsylvania State University
- Managing and supporting healthcare facilities and assets that provide healthcare services
- Integrating community-based and academic medical center healthcare to achieve improved outcomes and limit costs through improved efficiencies
- Supporting the Pennsylvania State University College of Medicine financially and operationally
- Serving as successor trustee of the Milton S. Hershey Medical Center
Grantmaking
Penn State Health has demonstrated grantmaking activity with total giving of $72,506,613 according to recent IRS filings. The organization's grant-making focuses on Education, Philanthropy, Voluntarism & Grantmaking, and Human Services, primarily in Pennsylvania. Typical award ranges are reported as $5,055–$72,080,443.
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Geographic Focus
Where this funder awards grants
Penn State Health's funding activities are primarily concentrated in Pennsylvania.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total Assets: $1,637,318,794
- Total Revenue: $866,020,903
- Total Expenses: $1,033,760,536
- Total Liabilities: $2,590,000,000 (approximate)
As of 2023:
- Total Assets: $1,460,460,820
- Gross Receipts from All Sources: $991,859,348
- Total Expenses: $881,341,749
- Total Liabilities: $2,292,247,179
- Program Service Revenue: $563,335,679
- Investment Income: $18,164,075
The organization has 5,359 employees and maintains a governing body with 12 voting members, of which 7 are independent.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,637,318,794 | $1,460,460,820 | $1,585,838,588 |
| Revenue | $866,020,903 | $601,230,428 | $528,411,422 |
| Expenses | $1,033,760,536 | $881,341,749 | $716,043,116 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $37,108,949 | $18,164,075 | $25,061,743 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
99 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| STEPHEN MASSINI | DIRECTOR / CEO | 48 | $1,600,902 |
| NEELI BENDAPUDI | DIRECTOR (PSU EMP) | 1 | — |
| KEVIN P BLACK MD | DIRECTOR / DEAN (THRU 8/23) | 1 | — |
| DR SARA THORNDIKE | DIRECTOR (PSU EMP) | 1 | — |
| DR KAREN KIM | DIRECTOR / DEAN (AS OF 9/23) | 1 | — |
| KEITH MASSER | CHAIR / DIRECTOR | 1 | — |
| MARK DAMBLY | VICE CHAIR / DIRECTOR | 1 | — |
| TIMOTHY P BROWN | DIRECTOR | 1 | — |
| PETER M CARLINO | DIRECTOR | 1 | — |
| TONY FARAH | DIRECTOR | 1 | — |
| KAREN HANLON | DIRECTOR | 1 | — |
| DAVID KLEPPINGER | DIRECTOR | 1 | — |
| DEBORAH RICE-JOHNSON | DIRECTOR | 1 | — |
| BARRY ROBINSON | DIRECTOR | 1 | — |
| PETER G TOMBROS | DIRECTOR | 1 | — |
| STEVEN WAGMAN | DIRECTOR | 1 | — |
| DEBORAH ADDO | PRESIDENT / COO | 43 | $989,928 |
| PAULA TINCH | EVP & CFO, TREASURER | 48 | $770,936 |
| NICOLE LEHMAN | INTERIM SEC. (PSU EMP) | 1 | — |
| ROSS DARROW | ASSOC. TREAS / VP TREAS - FINANCE | 44 | $297,918 |
| KATHLEEN MILLER | ASSOC. SECRETARY (THRU 5/24) | 33 | $101,559 |
| ANN ALLWEIN | INTERIM ASSOC. SEC. (AS OF 5/24) | 33 | $77,372 |
| PETER DILLON MD | PRN PHYSICIAN LEADER (THRU 12/23) | 50 | $538,613 |
| THOMAS STOESSEL | EXEC VP & CHIEF STRATEGY OFFICER | 45 | $741,755 |
| CLETIS EARLE | SENIOR VP & CIO | 40 | $582,929 |
| JUDITH HLAFCSAK | CHIEF OF STAFF | 38 | $575,663 |
| KIMBERLY LANSFORD | CHIEF COMPLIANCE AND BUSINESS RISK | 40 | $500,387 |
| ROLINE ADOLPHINE | PHYSICIAN | 40 | $1,098,941 |
| LANCE WOOD MD | PHYSICIAN | 40 | $1,023,663 |
| DANIEL LODGE | PHYSICIAN | 40 | $947,796 |
| IAN WILHELM | PHYSICIAN | 40 | $936,306 |
| DENNIS DURYEA | PHYSICIAN | 40 | $927,763 |
| DR ERIC BARRON | FMR DIRECTOR (PSU EMP) (THRU 5/22) | — | — |
Recent News & Activity
Recent developments and announcements
Penn State Health's College of Medicine has secured significant research funding in recent periods:
College of Medicine awarded $3.3M grant to lead national preventive researchAwarded a $3.3 million grant to lead a national preventive research hub
College of Medicine awarded $3.3M grant to lead national preventive researchSecured a $3.2 million NIH grant to test and refine a heart pump for long-term use in children
$3.2M NIH grant to test and refine a heart pump for long-term use in childrenReceived a $4.2 million CDC grant to increase colorectal cancer screening in Pennsylvania
$4.2M CDC grant to increase colorectal cancer screening in Pennsylvania -College of Medicine faculty have secured major research awards to advance diagnosis, treatment, and prevention across key health conditions
College of Medicine awarded $3.3M grant to lead national preventive researchSubject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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