North Shore University Hospital
- Assets
- $3.4b
- Revenue
- $3.5b
- Investments
- $0.0
- Employees
- 17,262
- Location
- Westbury, NY
- Founding
- 07/1965
- Data as of
- 12/2022
- EIN
- 11-1562701
Organization Overview
North Shore University Hospital is located in Westbury, NY. The organization was established in 1965. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. As of 12/2022, North Shore University Hospital employed 17,262 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Shore University Hospital is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, North Shore University Hospital generated $3.5b in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $3.4b during the year ending 12/2022. While expenses have increased by 5.9% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
NORTH SHORE STRIVES TO IMPROVE THE HEALTH OF THE COMMUNITIES IT SERVES AND IS COMMITTED TO PROVIDING THE HIGHEST QUALITY OF CARE FOR THE COMMUNITY REGARDLESS OF ABILITY TO PAY.
Describe the Organization's Program Activity:
NORTH SHORE UNIVERSITY HOSPITAL ("NSUH")IS A QUATERNARY CARE TEACHING HOSPITAL THAT SERVES AS THE CLINICAL CAMPUS FOR THE DONALD AND BARBARA ZUCKER SCHOOL OF MEDICINE AT HOFSTRA/NORTHWELL. NSUH OFFERS CARE IN ALL MEDICAL AND SURGICAL SPECIALTIES INCLUDING CARDIOVASCULAR SERVICES, CANCER CARE, ORTHOPEDICS, MATERNAL FETAL MEDICINE, WOMEN'S HEALTH SERVICES AND A MAJOR TRANSPLANT PROGRAM FOR HEART, LIVER AND KIDNEY. THE CAMPUS IS HOME TO THE FEINSTEIN INSTITUTES FOR MEDICAL RESEARCH. IN 2022, NSUH HAD 43,600 INPATIENT DISCHARGES, DELIVERED 5,873 BABIES, PROVIDED 73,103 EMERGENCY DEPARTMENT VISITS AND PERFORMED 20,840 AMBULATORY SURGERIES, INCLUDING ENDOSCOPIES AND OUTPATIENT CATHETERIZATIONS.
OTHER
NSUH FACULTY PRACTICE IS AN AFFILIATED MEMBER OF THE NORTHWELL HEALTH ("NORTHWELL") AND PART OF NORTHWELL'S MEDICAL GROUP AND AMBULATORY LINES OF SERVICE. IT STRIVES TO MAKE A MEASURABLE DIFFERENCE IN THE HEALTH STATUS OF THE COMMUNITIES IT SERVES BY PROVIDING COMPREHENSIVE HEALTH CARE REGARDLESS OF ABILITY TO PAY.
SYOSSET HOSPITAL, A DIVISION OF NSUH, IS A COMMUNITY HOSPITAL THAT MAINTAINS A 911 RESPONSE EMERGENCY DEPARTMENT AND INPATIENT SERVICES, INCLUDING AN INTENSIVE CARE UNIT, AND TELEMETRY UNIT, WHICH SERVES AS A SURGICAL STEP-DOWN UNIT. IN 2022, THE HOSPITAL HAD 3,962 INPATIENT DISCHARGES, PROVIDED 15,134 EMERGENCY DEPARTMENT VISITS AND PERFORMED 5,104 AMBULATORY SURGERIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Dowling President & CEO | OfficerTrustee | 0 | $0 |
Mark Solazzo Evp & COO | Officer | 0 | $0 |
Jessica Jacob Physician | 50 | $3,607,382 | |
Daniel Sciubba SVP Of Neurosurgery | 50 | $2,742,190 | |
Eugene Krauss Dir, Orthopedics | 50 | $2,702,831 | |
Alan Hartman Svp/ed Cardiothoracic Svcs | 50 | $2,573,475 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Siemens Medical Solutions Usa Inc Equipment Service | 12/30/22 | $9,427,043 |
Cross Country Staffing Nursing Fees | 12/30/22 | $6,601,188 |
Sutherland Healthcare Solutions Inc Collection Services | 12/30/22 | $6,388,212 |
Newport Credentialing Solutions It Services | 12/30/22 | $4,461,411 |
Blue Moon Cleaning Services | 12/30/22 | $3,574,969 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $2,944,486 |
| Government grants | $69,085,652 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,752,799 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $78,782,937 |
| Total Program Service Revenue | $3,027,904,854 |
| Investment income | $4,358,334 |
| Tax Exempt Bond Proceeds | $570,409 |
| Royalties | $0 |
| Net Rental Income | $47,754,748 |
| Net Gain/Loss on Asset Sales | -$4,085,728 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $16,019 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,476,316,509 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,009,749 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,756,054,552 |
| Pension plan accruals and contributions | $49,613,046 |
| Other employee benefits | $170,984,006 |
| Payroll taxes | $103,873,151 |
| Fees for services: Management | $2,253,325 |
| Fees for services: Legal | $516,165 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $99,089,388 |
| Advertising and promotion | $2,731,658 |
| Office expenses | $498,982,870 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $89,459,663 |
| Travel | $6,852,391 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,626,583 |
| Interest | $8,858,539 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $63,507,276 |
| Insurance | $71,404,293 |
| All other expenses | $22,772,939 |
| Total functional expenses | $3,402,576,700 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $7,176,175 |
| Pledges and grants receivable | $3,773,170 |
| Accounts receivable, net | $606,793,288 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $28,446,803 |
| Prepaid expenses and deferred charges | $18,745,317 |
| Net Land, buildings, and equipment | $853,675,328 |
| Investments—publicly traded securities | $1,091,376,323 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $16,864,179 |
| Other assets | $795,512,743 |
| Total assets | $3,422,363,326 |
| Accounts payable and accrued expenses | $389,281,221 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $550,286,550 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $413,093 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,208,751,228 |
| Total liabilities | $2,148,732,092 |
| Net assets without donor restrictions | $1,057,508,207 |
| Net assets with donor restrictions | $216,123,027 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,422,363,326 |