St Francis Hospital
- Assets
- $1.7b
- Revenue
- $969.8m
- Investments
- $0.0
- Employees
- 4,773
- Location
- Roslyn, NY
- Founding
- 03/1946
- Data as of
- 12/2022
- EIN
- 11-2050523
Organization Overview
St Francis Hospital, operating under the name St Francis Hospital & Heart Center, is located in Roslyn, NY. The organization was established in 1946. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 12/2022, St Francis Hospital & Heart Center employed 4,773 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. St Francis Hospital & Heart Center 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, St Francis Hospital & Heart Center generated $969.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $860.5m during the year ending 12/2022. While expenses have increased by 5.1% 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.
Since 2014, St Francis Hospital & Heart Center has awarded 23 individual grants totaling $263,680,526. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
WE, AT CH, HUMBLY JOIN TOGETHER TO BRING CHRIST'S HEALING MISSION AND THE MISSION OF MERCY OF THE CATHOLIC CHURCH EXPRESSED IN CATHOLIC HEALTH CARE TO OUR COMMUNITIES.
Describe the Organization's Program Activity:
THE 364 CERTIFIED BED HOSPITAL PROVIDES CARDIOVASCULAR TESTING AND OTHER GENERAL MEDICAL SERVICES NECESSARY TO SUPPORT CARDIOVASCULAR PATIENTS AND ALSO PROVIDES NON-CARDIOVASCULAR SERVICES IN RESPONSE TO THE GENERAL NEEDS OF THE COMMUNITY. DURING 2022, THE HOSPITAL ADMITTED 19,476 PATIENTS, PERFORMED 1,385 OPEN HEART OPERATIONS AND 12,077 CATHETERIZATIONS. FURTHER, THE HOSPITAL PERFORMED 3,755 PTCA'S AND 3,235 CARDIAC ARRYTHMIA PROCEDURES. IN ADDITION, THERE WERE 43,054 EMERGENCY ROOM VISITS AND DURING THE YEAR THE HOSPITAL SERVICED 226,335 OUTPATIENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Levine Chief Electrophysiology | 50 | $6,672,679 | |
Richard Shlofmitz MD Chairman Cardiology | Officer | 50 | $5,840,740 |
Patrick O'shaughnessy DO President & CEO | OfficerTrustee | 50 | $0 |
George Petrossian MD Physician/dir Inter Cardiovasc | 50 | $2,530,215 | |
Newell Robinson MD Chair Ct & Vascular Surgery | 50 | $2,263,425 | |
Ziad Ali MD Physician | 50 | $1,996,168 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
2200 Northern Steel Llc Rent & Construction | 12/30/22 | $7,361,576 |
Progressive Emergency Phys Llc Physician Services | 12/30/22 | $4,653,066 |
Remi Holdings Llc Equipm Maintenance | 12/30/22 | $2,330,911 |
Agw Parent Llc Rent & Construction | 12/30/22 | $1,824,788 |
Empire State Radiology Pc Physician Services | 12/30/22 | $1,581,621 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $7,944,366 |
| Government grants | $2,043,358 |
| All other contributions, gifts, grants, and similar amounts not included above | $785,021 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,772,745 |
| Total Program Service Revenue | $919,222,335 |
| Investment income | $11,674,460 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,657,788 |
| Net Gain/Loss on Asset Sales | $17,717,535 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $969,845,898 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $530,169 |
| 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. | $8,896,506 |
| Compensation of current officers, directors, key employees. | $2,281,689 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $283,109,566 |
| Pension plan accruals and contributions | $20,754,348 |
| Other employee benefits | $28,370,367 |
| Payroll taxes | $29,769,327 |
| Fees for services: Management | $164,983 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,000 |
| Fees for services: Lobbying | $105,320 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,628,136 |
| Advertising and promotion | $141,473 |
| Office expenses | $4,110,170 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $10,670,050 |
| Travel | $227,176 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,791,151 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $28,376,094 |
| Insurance | $10,511,516 |
| All other expenses | $29,191,704 |
| Total functional expenses | $860,471,717 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,600 |
| Savings and temporary cash investments | $17,971,018 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $107,828,050 |
| Loans from Officers, Directors, or Controlling Persons | $565,590 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $19,744,286 |
| Prepaid expenses and deferred charges | $11,096,626 |
| Net Land, buildings, and equipment | $229,546,797 |
| Investments—publicly traded securities | $787,707,406 |
| Investments—other securities | $0 |
| Investments—program-related | $1,401,689 |
| Intangible assets | $12,597,366 |
| Other assets | $508,184,677 |
| Total assets | $1,696,651,105 |
| Accounts payable and accrued expenses | $120,195,216 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $65,371,653 |
| 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 | $300,222,993 |
| Total liabilities | $485,789,862 |
| Net assets without donor restrictions | $1,207,193,031 |
| Net assets with donor restrictions | $3,668,212 |
| 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 | $1,696,651,105 |
Grants Awarded
Over the last fiscal year, St Francis Hospital has awarded $530,169 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CATHOLIC HEALTH SERVICES OF LONG ISLAND PURPOSE: OUTPATIENT CENTERS | $280,169 |
FRANCISCAN MISSIONARIES OF MARY PURPOSE: GENERAL SUPPORT | $250,000 |