Northwell Health Laboratories
- Assets
- $178.4m
- Revenue
- $743.5m
- Investments
- $0.0
- Employees
- 1,909
- Location
- Westbury, NY
- Founding
- 09/1999
- Data as of
- 12/2023
- 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 12/2023, Northwell Health Laboratories employed 1,909 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 12/2023, Northwell Health Laboratories generated $743.5m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 10.5% each year . All expenses for the organization totaled $692.0m during the year ending 12/2023. While expenses have increased by 10.1% per year over the past 9 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
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:
Part 3 - Line 4a
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 |
|---|---|---|---|
Mark Solazzo Chairman | OfficerTrustee | 0 | $0 |
David Battinelli Trustee/evp Northwell | Trustee | 0 | $0 |
Michele Cusack Treasurer | OfficerTrustee | 0 | $0 |
Eugene Tangney Trustee/svp Northwell | Trustee | 0 | $0 |
Laurence Kraemer Assistant Secretary | OfficerTrustee | 0 | $0 |
Merryl Siegel Secretary | OfficerTrustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mayo Collaborative Svs Laboratory Services | 12/30/23 | $12,341,687 |
Quest Diagnostics Laboratory Services | 12/30/23 | $4,931,270 |
Cerner Corporation Software Services | 12/30/23 | $5,226,168 |
Bio Reference Labs Laboratory Services | 12/30/23 | $2,462,580 |
Medtox Laboratories Laboratory Services | 12/30/23 | $1,636,286 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,789,136 |
| All other contributions, gifts, grants, and similar amounts not included above | $391,316 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,180,452 |
| Total Program Service Revenue | $736,710,041 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $743,529,825 |
| 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 | $174,523,338 |
| Pension plan accruals and contributions | $8,683,177 |
| Other employee benefits | $44,726,425 |
| Payroll taxes | $11,198,025 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,584 |
| 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 | $1,349,143 |
| Advertising and promotion | $132,363 |
| Office expenses | $106,047,895 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,779,260 |
| Travel | $1,872,422 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $359,934 |
| Interest | $317,000 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,900,629 |
| Insurance | $1,136,987 |
| All other expenses | $33,417,862 |
| Total functional expenses | $692,018,219 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $13,584,602 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $8,977,950 |
| Prepaid expenses and deferred charges | $1,958,694 |
| Net Land, buildings, and equipment | $73,908,754 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $79,972,540 |
| Total assets | $178,402,540 |
| Accounts payable and accrued expenses | $63,762,622 |
| 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 | $63,819,142 |
| Total liabilities | $127,581,764 |
| Net assets without donor restrictions | $50,820,776 |
| 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 | $178,402,540 |