MOUNT NITTANY MEDICAL CENTER
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$539,833,938
Program Services
93%
Other
4%
Investments
3%
Government Grants
<1%
Contributions
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$478,610,101
Salaries & Benefits
45%
Other
25%
Grants
10%
Fees to Service Providers
7%
Offices, Occupancy & IT
5%
Depreciation
4%
Interest
3%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$0
$0
-
Government Grants
$3,652,390
$1,655
-100%
Fundraising Events
$0
$0
-
Program Services
$458,777,195
$500,156,254
+9%
Membership Dues
$0
$0
-
Investments
$14,470,664
$16,601,680
+15%
Other
$5,215,064
$23,074,349
+342%
Total Revenues
$482,115,313
$539,833,938
+12%
Expenses
2023
2024
Change
Grants
$37,804,941
$48,119,503
+27%
Benefits to Members
$0
$0
-
Salaries & Benefits
$204,375,777
$217,646,265
+6%
Fees to Service Providers
$30,356,066
$32,544,764
+7%
Advertising & Promotion
$1,030,065
$1,615,526
+57%
Offices, Occupancy & IT
$21,548,412
$24,052,124
+12%
Interest
$16,075,310
$12,956,960
-19%
Depreciation
$23,817,391
$20,981,656
-12%
Other
$106,787,133
$120,693,303
+13%
Total Expenses
$441,795,095
$478,610,101
+8%
Net income
2023
2024
Change
Net income
+$40,320,218
+$61,223,837
+52%
Functional Expenses
Summary
2023
2024
Change
Program
$342,981,080
$365,721,053
+7%
Admin
$98,814,015
$112,889,048
+14%
Fundraising
$0
$0
-
Total Expenses
$441,795,095
$478,610,101
+8%
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