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 filing.
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, 2021. This approach is designed to improve the public’s understanding of UPMC’s operations and the relationship among our various entities. Per IRS requirements, executive compensation is reported based on Calendar Year 2020 in the Fiscal Year 2021 return. We also have filed a separate return for the parent organization, UPMC. (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 $10.4 million in total compensation in Calendar Year 2020. Other executives’ compensation for Calendar Year 2020 is also reported in the Fiscal Year 2021 IRS Form 990. Leslie Davis, who became CEO in July 2021, received $2.4 million in total compensation in Calendar Year 2020 when she was senior vice president & chief operating officer, Health Services Division.
Under the guidance of the UPMC Board of Directors and the leadership of Mr. Romoff and his executive team, UPMC has grown to a $24 billion integrated global health enterprise with 92,000 employees, 40 hospitals, 800 outpatient sites and doctors’ offices, a more than 4 million-member health insurance division – the largest medical insurer in western Pennsylvania - and innovation, commercial and international ventures.
UPMC contributes to the good health of the region by providing uncompensated care, support for research and education, community services and charitable contributions valued at $1.7 billion for the most recent fiscal year. UPMC also serves as a unique catalyst for transforming the economy of western Pennsylvania into one based on medicine, research, education and technology.
A $24 billion health care provider and insurer, Pittsburgh-based UPMC is inventing new models of patient-centered, cost-effective, accountable care. The largest nongovernmental employer in Pennsylvania, UPMC integrates more than 92,000 employees, 40 hospitals, 800 doctors’ offices and outpatient sites, and a more than 4 million-member Insurance Services Division, the largest medical insurer in western Pennsylvania. In the most recent fiscal year, UPMC contributed $1.7 billion in benefits to its communities, including more care to the region’s most vulnerable citizens than any other health care institution, and paid more than $900 million in federal, state and local taxes. Working in close collaboration with the University of Pittsburgh Schools of the Health Sciences, UPMC shares its clinical, managerial and technological skills worldwide through its innovation and commercialization arm, UPMC Enterprises, and through UPMC International. U.S. News consistently ranks UPMC Presbyterian Shadyside among the nation’s best hospitals in many specialties and ranks UPMC Children’s Hospital of Pittsburgh on its Honor Roll of Best Children’s Hospitals. For more information, go to UPMC.com.