What is a Form 990?
Form 990 is an annual information return that federally tax-exempt organizations must file with the IRS. It provides information on our mission, programs and finances, and includes details of executive compensation. Certain business relationships among officers, directors, key employees and their family members also are detailed in this year’s Form 990.
Background on UPMC's Form 990 filings for FY2012
As part of our commitment to organizational transparency, UPMC again has filed a group, or consolidated, IRS Form 990 for the fiscal year ended June 30, 2012, which includes the majority of our tax-exempt entities. Per IRS requirements, executive compensation is reported for Calendar Year 2011 rather than Fiscal Year 2011. We also have submitted a separate return for the parent organization. This approach is designed to improve the public’s understanding of UPMC’s operations and the relationship among our various entities. (Please see UPMC’s most recent audited consolidated financial statements for more details. Click here.)
Our filing shows that UPMC Chief Executive Officer and President Jeffrey A. Romoff received $3.933 million in cash compensation in Calendar Year 2011. This is less than Mr. Romoff’s Calendar Year 2010 cash compensation of $4.715. His Calendar Year 2009 cash compensation was $3.564 million. Other executives’ cash compensation for Calendar Year 2011 is also reported in the Fiscal Year 2012 IRS Form 990.
Under the guidance of the UPMC Board of Directors and the leadership of Mr. Romoff and his executive team, UPMC has grown to an $10 billion integrated global health enterprise with nearly 60,000 employees, more than 20 hospitals, 400 outpatient sites and doctors’ offices, a 2.1-million-member health insurance division, and commercial and international ventures.
In Fiscal Year 2012, UPMC contributed to the good health of the region by providing uncompensated care, support for research and education, community services and charitable contributions valued at more than $622 million. UPMC also serves as a unique catalyst for transforming the economy of western Pennsylvania into one based on medicine, research, education and technology.