Northwell Health Laboratories
- Assets
- $332.8m
- Revenue
- $824.8m
- Investments
- $0.0
- Employees
- 1,730
- Location
- Westbury, NY
- Founding
- 09/1999
- Data as of
- 12/2021
- EIN
- 11-3412370
Organization Overview
Northwell Health Laboratories is located in Westbury, NY. The organization was established in 1999. According to its NTEE Classification (E60) the organization is classified as: Health Support, under the broad grouping of Health Care and related organizations. As of 12/2021, Northwell Health Laboratories employed 1,730 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northwell Health Laboratories 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 12/2021, Northwell Health Laboratories generated $824.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.4% each year . All expenses for the organization totaled $732.7m during the year ending 12/2021. While expenses have increased by 14.1% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION IS A CENTRAL MEDICAL LAB WITH SATELLITE LOCATIONS THAT PROVIDE LAB SERVICES FOR SYSTEM AFFILIATES AND FOR NASSAU, SUFFOLK, NYC & WESTCHESTER RESIDENTS.
Describe the Organization's Program Activity:
THE ORGANIZATION FUNCTIONS AS A CENTRAL MEDICAL LABORATORY FOR NORTHWELL HEALTH AND AFFILIATED TAX-EXEMPT HOSPITALS AND RELATED ENTITIES. THE ORGANIZATION REDUCES TOTAL EXPENSES, BY GAINING ECONOMIES OF SCALE THROUGH THE CONSOLIDATION OF THE HEALTH CARE SYSTEM'S CLINICAL LABORATORY SERVICES. ENHANCED PATIENT CARE & COST REDUCTIONS RESULT FROM A CENTRAL LAB.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gregory O'dare Director, Sales | 50 | $1,040,561 | |
Kydel Garcia Manager, Sales | 50 | $657,323 | |
Maureen Bryant Sales Representative | 50 | $466,135 | |
Michelle Sotnikow Sales Representative | 50 | $457,736 | |
Deborah Schron Assoc Chairperson | 50 | $443,212 | |
Mark Solazzo Chairman | OfficerTrustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Reopen Diagnostics Llc Software Maintenance | 12/30/21 | $23,459,703 |
Nyc Health Hospital Corporation Laboratory Services | 12/30/21 | $26,025,090 |
Labcorp Of America Laboratory Services | 12/30/21 | $12,799,361 |
Mayo Collaborative Svs Laboratory Services | 12/30/21 | $7,884,074 |
Bio Reference Labs Laboratory Services | 12/30/21 | $8,578,339 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $439,370 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $439,370 |
| Total Program Service Revenue | $821,408,266 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$387,248 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $824,844,482 |
| 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 | $153,792,539 |
| Pension plan accruals and contributions | $6,867,535 |
| Other employee benefits | $35,270,435 |
| Payroll taxes | $9,130,901 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,430 |
| 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 | $1,382,020 |
| Advertising and promotion | $667,331 |
| Office expenses | $153,768,203 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,439,940 |
| Travel | $1,285,715 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $236,504 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,338,832 |
| Insurance | $1,006,106 |
| All other expenses | $43,574,805 |
| Total functional expenses | $732,732,899 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $18,651,159 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,388,104 |
| Prepaid expenses and deferred charges | $2,042,656 |
| Net Land, buildings, and equipment | $81,448,068 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $227,286,957 |
| Total assets | $332,816,944 |
| Accounts payable and accrued expenses | $108,747,361 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| 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 | $61,807,440 |
| Total liabilities | $170,554,801 |
| Net assets without donor restrictions | $162,262,143 |
| Net assets with donor restrictions | $0 |
| 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 | $332,816,944 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Northwell Health Laboratories has recieved totaling $8,521.
| Awarding Organization | Amount |
|---|---|
Northwell Health Foundation Westbury, NY PURPOSE: GENERAL SUPPORT | $8,521 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Northwell Health Laboratories Westbury, NY | $332,816,944 | $824,844,482 |
Musculoskeletal Transplant Foundation Inc Edison, NJ | $265,715,338 | $411,628,718 |
Bayer Us Patient Assistance Foundation Whippany, NJ | $119,661,025 | $360,939,161 |
Catholic Managed Long Term Care Inc New York, NY | $69,408,204 | $356,229,491 |
Temple Faculty Practice Plan Inc Philadelphia, PA | $117,460,054 | $341,896,672 |
Beth Israel Lahey Health Pharmacy Inc Westwood, MA | $32,825,089 | $210,599,852 |
North Shore-Lij Anesthesiology Pc Westbury, NY | $33,422,603 | $196,131,623 |
Health Quest Systems Inc Poughkeepsie, NY | $299,235,129 | $128,637,142 |
Weill Cornell Imaging At New York-Presbyterian New York, NY | $260,757,185 | $189,735,932 |
Valley Physician Servcies Inc Ridgewood, NJ | $110,045,746 | $118,274,692 |
Garnet Health Doctors Pc Middletown, NY | $50,171,701 | $81,156,131 |
The Westchester Medical Practice Pc Yorktown Heights, NY | $21,408,961 | $63,027,165 |