Lenox Hill Hospital
- Assets
- $1.7b
- Revenue
- $1.7b
- Investments
- $0.0
- Employees
- 7,469
- Location
- Westbury, NY
- Founding
- 04/1920
- Data as of
- 12/2021
- EIN
- 13-1624070
Organization Overview
Lenox Hill Hospital is located in Westbury, NY. The organization was established in 1920. 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 12/2023, Lenox Hill Hospital employed 7,469 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lenox Hill 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 12/2021, Lenox Hill Hospital generated $1.7b in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $1.7b during the year ending 12/2021. While expenses have increased by 7.3% 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
LENOX HILL 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:
LENOX HILL HOSPITAL ("LHH") IS AN ACUTE CARE TEACHING HOSPITAL THAT HAS A TRADITION OF PROVIDING OUTSTANDING PATIENT CARE AND INNOVATIVE MEDICAL AND SURGICAL TREATMENT. IN 2022, LHH HAD 27,284 DISCHARGES, DELIVERED 3,603 BABIES, PROVIDED 50,532 EMERGENCY DEPARTMENT VISITS AND PERFORMED 8,567 AMBULATORY SURGERIES.
OTHER
LHH PHYSICIANS PROVIDE BOTH INPATIENT AND OUTPATIENT SERVICES AND STRIVE TO MAKE A MEASURABLE DIFFERENCE IN THE HEALTH STATUS OF THE COMMUNITIES THEY SERVE BY PROVIDING COMPREHENSIVE HEALTH CARE REGARDLESS OF ABILITY TO PAY.
MANHATTAN EYE, EAR & THROAT HOSPITAL (MEETH) WAS ESTABLISHED IN 1869 AND IS INTERNATIONALLY RECOGNIZED FOR ITS ACCOMPLISHMENTS IN OPHTHALMOLOGY, OTOLARYNGOLOGY, ORTHOPEDICS, PLASTIC SURGERY AND MANY OTHER SERVICES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Dowling President & CEO | OfficerTrustee | 0 | $0 |
Frank Schwab Chair, Neurosurgery | 50 | $4,493,901 | |
Mark Solazzo Evp & COO | Officer | 0 | $0 |
Oren Lerman Plastic Surgeon | 50 | $2,726,818 | |
Samuel Scheinerman Chair, Cardiothoracic Surgery | 50 | $2,441,685 | |
Varinder Singh Svp, Cardiology Western Reg | 50 | $2,386,591 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Universal Protection Service Llc Equipment Service | 12/30/22 | $8,505,232 |
Cross Country Staffing Nursing Fees | 12/30/22 | $6,406,350 |
Central Consulting And Contracting Construction Mgmt | 12/30/22 | $5,913,249 |
Siemens Medical Solutions Usa Inc Equipment Services | 12/30/22 | $5,760,919 |
Blue Sky Real Estate Services Llc Construction Mgmt | 12/30/22 | $2,660,361 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,939,313 |
| Investment income | -$787,302 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $8,388,360 |
| Net Gain/Loss on Asset Sales | $9,675,304 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,731,412,779 |
| Statement of Expenses | |
|---|---|
| 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. | $1,592,841 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $820,118,430 |
| Pension plan accruals and contributions | $43,182,802 |
| Other employee benefits | $97,067,431 |
| Payroll taxes | $43,207,973 |
| Fees for services: Management | $1,134,889 |
| Fees for services: Legal | $671,071 |
| 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 | $19,582,449 |
| Advertising and promotion | $1,254,438 |
| Office expenses | $287,184,602 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $34,211,364 |
| Travel | $944,769 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,083,431 |
| Interest | $4,676,357 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $48,415,522 |
| Insurance | $28,681,674 |
| All other expenses | $0 |
| Total functional expenses | $1,696,587,853 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $117,334,482 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $185,598,312 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $25,815,420 |
| Prepaid expenses and deferred charges | $2,908,349 |
| Investments—publicly traded securities | $154,254,193 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $239,600,454 |
| Total assets | $1,737,013,934 |
| Accounts payable and accrued expenses | $176,266,903 |
| 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 | $14,707,907 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $653,249,186 |
| Total liabilities | $844,223,996 |
| Net assets without donor restrictions | $760,132,307 |
| Net assets with donor restrictions | $132,657,631 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $892,789,938 |