Phelps Memorial Hospital Association
- Assets
- $478.9m
- Revenue
- $403.0m
- Investments
- $0.0
- Employees
- 2,186
- Location
- Westbury, NY
- Founding
- 11/1954
- Data as of
- 12/2022
- EIN
- 13-1725076
Organization Overview
Phelps Memorial Hospital Association is located in Westbury, NY. The organization was established in 1954. 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, Phelps Memorial Hospital Association employed 2,186 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Phelps Memorial Hospital Association 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, Phelps Memorial Hospital Association generated $403.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $372.5m during the year ending 12/2022. While expenses have increased by 7.5% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PMHA 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:
Part 3 - Line 4a
PHELPS MEMORIAL HOSPITAL ASSOCIATON PROVIDES ACUTE AND REHABILITATION INPATIENT HEALTH CARE SERVICES TO MEMBERS OF THE COMMUNITY REGARDLESS OF ABILITY TO PAY. THE HOSPITAL HAD 5,369 ACUTE CARE ADMISSIONS AND 185 REHABILITATION ADMISSIONS.
PHELPS MEMORIAL HOSPITAL ASSOCIATON PROVIDES OUTPATIENT HEALTH CARE SERVICES TO MEMBERS OF THE COMMUNITY REGARDLESS OF ABILITY TO PAY. PHELPS MEMORIAL HOSPITAL ASSOCIATON'S LARGER OUTPATIENT PROGRAMS INCLUDE THE FOLLOWING SERVICES: EMERGENCY SERVICES: 20,877 VISITS; RADIOLOGY SERVICES: 34,178 PROCEDURES; WOUND & DIABETIC CARE: 3,733 VISITS; PHYSICAL THERAPY, AQUATIC THERAPY AND OCCUPATIONAL THERAPY: 42,600 PROCEDURES; HYPERBARIC TREATMENTS: 1,851 PROCEDURES; CHEMO & RADIATION SERVICES 15,230 VISITS.
PHELPS MEMORIAL HOSPITAL ASSOCIATION PROVIDES INPATIENT AND OUTPATIENT BEHAVIORAL HEALTH SERVICES TO MEMBERS OF THE COMMUNITY REGARDLESS OF ABILITY TO PAY. PHELPS MEMORIAL HOSPITAL ASSOCIATION HAD 448 BEHAVIORAL HEALTH ADMISSIONS AND 20,285 OUTPATIENT BEHAVIORAL HEALTH VISITS.
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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 |
Joseph Moscola Evp, Enterprise Management | Officer | 0 | $0 |
David Battinelli Evp & Physician In Chief | Officer | 0 | $0 |
Michele Cusack Evp & CFO | Officer | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Turner Construction Co Construction Mgmt | 12/30/22 | $16,151,799 |
Hunter Roberts Construction Group Construction Mgmt | 12/30/22 | $6,166,673 |
Cross Country Staffing Temporary Employees | 12/30/22 | $2,112,436 |
Sound Communications Inc Advertising | 12/30/22 | $1,650,613 |
Con Tech Construction Technology In Construction Mgmt | 12/30/22 | $1,101,123 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $756,763 |
| Related organizations | $125,000 |
| Government grants | $4,069,748 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,362,923 |
| Noncash contributions included in lines 1a–1f | $138,355 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,314,434 |
| Total Program Service Revenue | $366,757,942 |
| Investment income | $1,597,784 |
| Tax Exempt Bond Proceeds | $9,537 |
| Royalties | $0 |
| Net Rental Income | $2,786,205 |
| Net Gain/Loss on Asset Sales | -$998,095 |
| Net Income from Fundraising Events | -$260,319 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $402,953,212 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $31,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $669,101 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $171,904,349 |
| Pension plan accruals and contributions | $7,817,424 |
| Other employee benefits | $0 |
| Payroll taxes | $11,735,103 |
| Fees for services: Management | $1,779,912 |
| Fees for services: Legal | $1,351,785 |
| 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 | $5,484,731 |
| Advertising and promotion | $1,576,799 |
| Office expenses | $70,930,296 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,294,130 |
| Travel | $732,916 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $744,183 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,210,576 |
| Insurance | $2,673,582 |
| All other expenses | $1,622,766 |
| Total functional expenses | $372,534,583 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $856,779 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $723,876 |
| Accounts receivable, net | $55,045,575 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $7,051,315 |
| Prepaid expenses and deferred charges | $574,143 |
| Net Land, buildings, and equipment | $223,060,112 |
| Investments—publicly traded securities | $170,131,095 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $21,495,801 |
| Total assets | $478,938,696 |
| Accounts payable and accrued expenses | $37,771,590 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $21,195,000 |
| 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 | $44,765,952 |
| Total liabilities | $103,732,542 |
| Net assets without donor restrictions | $359,099,594 |
| Net assets with donor restrictions | $16,106,560 |
| 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 | $478,938,696 |