South Shore University Hospital
- Assets
- $705.1m
- Revenue
- $975.3m
- Investments
- $0.0
- Employees
- 4,821
- Location
- Westbury, NY
- Founding
- 03/1933
- Data as of
- 12/2022
- EIN
- 11-1667761
Organization Overview
South Shore University Hospital is located in Westbury, NY. The organization was established in 1933. 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, South Shore University Hospital employed 4,821 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. South 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, South Shore University Hospital generated $975.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $962.2m during the year ending 12/2022. While expenses have increased by 8.6% 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
SOUTH SHORE STRIVES TO IMPROVE THE HEALTH OF THE COMMUNITIES IT SERVES AND IS COMMITTED TO PROVIDING THE HIGHEST QUALITY CLINICAL CARE AND CARING FOR THE ENTIRE COMMUNITY.
Describe the Organization's Program Activity:
SOUTH SHORE UNIVERSITY HOSPITAL IS TERTIARY HOSPITAL WITH THE FOLLOWING INPATIENT SERVICES: MEDICAL/SURGICAL, INTENSIVE AND CARDIAC CARE UNIT, OB/GYN WITH A LEVEL II PERINATAL SERVICE, PEDIATRICS, MEDICAL REHABILITATION, BRAIN INJURY AND PSYCHIATRY. THE EMERGENCY DEPARTMENT IS A DESIGNATED AREA TRAUMA CENTER AND PROVIDES THE PARAMEDIC FIRST RESPONDER PROGRAM TO THE TOWN OF ISLIP RESIDENTS. IN 2022, SOUTH SHORE UNIVERSITY HOSPITAL HAD 21,714 INPATIENT DISCHARGES, DELIVERED 2,114 BABIES, PROVIDED 79,509 EMERGENCY DEPARTMENT VISITS AND PERFORMED 7,800 AMBULATORY SURGERIES, INCLUDING ENDOSCOPIES AND CARDIAC CATHETERIZATIONS.
ENDOSCOPY, HEALTH CNTR, PHARMA, & PAIN MGMT
SOUTH SHORE UNIVERSITY HOSPITAL FACULTY PRACTICE IS AN AFFILIATED MEMBER OF 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.
SOUTH SHORE UNIVERSITY HOSPITAL IS A PARTICIPANT IN NEW YORK STATE'S DELIVERY SYSTEM REFORM INCENTIVE PAYMENT (DSRIP) PROGRAM. THE PROGRAM'S GOALS INCLUDE REDUCING AVOIDABLE HOSPITALIZATIONS AND ENSURING THAT PATIENTS WITH MEDICAID SWITCH TO A COMMUNITY-BASED CARE SYSTEM THAT EMPHASIZES PREVENTATIVE CARE OVER RELIANCE ON THE EMERGENCY ROOM. AMONG DOZENS OF PARTICIPANTS IN DSRIP, SOUTH SHORE UNIVERSITY HOSPITAL EMBODIES THE CORE VALUES OF THIS LIFE-CHANGING OPPORTUNITY FOR HUNDREDS OF THOUSANDS OF PATIENTS, MANY OF WHOM LIVE IN LOWER-INCOME AND UNDERSERVED COMMUNITIES WHERE HEALTH AND WELLNESS CAN BE IMPROVED.
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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 |
Jeffrey Kraut Evp Strategy & Analytics | Officer | 0 | $0 |
Robert Kalimi Chair, Cardiothoracic Surgery | 50 | $2,004,291 | |
Harold Fernandez Dir, Cardiothoracic Surgery | 50 | $1,986,402 | |
Michael Nett Chair, Orthopaedic Surgery | 50 | $1,878,288 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cross Country Staffing Staffing Services | 12/30/22 | $12,371,463 |
Ewing Cole A&e Services | 12/30/22 | $6,058,873 |
Talisen Construction Corporation Construction | 12/30/22 | $3,431,855 |
Medicus Healthcare Solutions Llc Physician Fees | 12/30/22 | $2,413,125 |
Persante Sleep Care Inc Sleep Study | 12/30/22 | $1,693,285 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $46,272 |
| Government grants | $19,660,509 |
| All other contributions, gifts, grants, and similar amounts not included above | $21,067 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,727,848 |
| Total Program Service Revenue | $943,198,232 |
| Investment income | -$11,024 |
| Tax Exempt Bond Proceeds | $126,561 |
| Royalties | $0 |
| Net Rental Income | $448,672 |
| Net Gain/Loss on Asset Sales | -$66,337 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $975,282,356 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $483,154,672 |
| Pension plan accruals and contributions | $16,834,601 |
| Other employee benefits | $60,372,093 |
| Payroll taxes | $28,581,693 |
| Fees for services: Management | $224,351 |
| Fees for services: Legal | $185,778 |
| 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 | $16,515,617 |
| Advertising and promotion | $415,670 |
| Office expenses | $149,564,821 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,765,725 |
| Travel | $1,967,279 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $719,315 |
| Interest | $4,550,668 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $30,340,775 |
| Insurance | $18,916,471 |
| All other expenses | $2,649,713 |
| Total functional expenses | $962,159,627 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $397,309 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $112,427,897 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $13,468,491 |
| Prepaid expenses and deferred charges | $1,124,314 |
| Net Land, buildings, and equipment | $456,904,723 |
| Investments—publicly traded securities | $51,332,741 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $69,424,807 |
| Total assets | $705,080,282 |
| Accounts payable and accrued expenses | $109,620,227 |
| Grants payable | $0 |
| Deferred revenue | $2,779,988 |
| Tax-exempt bond liabilities | $187,307,086 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $477,044,777 |
| Total liabilities | $776,752,078 |
| Net assets without donor restrictions | -$103,016,801 |
| Net assets with donor restrictions | $31,345,005 |
| 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 | $705,080,282 |