Montefiore Nyack Hospital
- Assets
- $214.1m
- Revenue
- $317.9m
- Investments
- $0.0
- Employees
- 2,060
- Location
- Nyack, NY
- Founding
- 05/1937
- Data as of
- 12/2021
- EIN
- 13-1740119
Organization Overview
Montefiore Nyack Hospital is located in Nyack, NY. The organization was established in 1937. 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 12/2021, Montefiore Nyack Hospital employed 2,060 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Montefiore Nyack 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, Montefiore Nyack Hospital generated $317.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $314.0m during the year ending 12/2021. While expenses have increased by 4.7% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE COMPETENT, INNOVATIVE AND ACCESSIBLE EMERGENCY AND ACUTE CARE SERVICES FOR THE RESIDENTS OF ROCKLAND COUNTY AND SURROUNDING AREAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MONTEFIORE NYACK HOSPITAL IS A 391-BED ACUTE-CARE MEDICAL AND SURGICAL HOSPITAL SERVING ROCKLAND COUNTY AND THE LOWER HUDSON VALLEY REGION THAT HAS MET THE CRITICAL NEEDS OF THE PEOPLE IN THE COMMUNITY FOR MORE THAN 125 YEARS. WHAT STARTED AS A TWO-STORY HOUSE WITH NINE BEDS, AN OPERATING ROOM, NURSE'S PARLOR, RECEPTION AREA, AND DINING ROOM HAS TODAY BECOME A PREMIER ACADEMIC COMMUNITY HOSPITAL. THE HOSPITAL PROVIDES EXTENSIVE INPATIENT AND OUTPATIENT SERVICES, INCLUDING ADDICTION SERVICES, BEHAVIORAL HEALTH, BREAST AND WOMEN'S HEALTH, CANCER, CARDIAC CARE, CLINICAL GENETICS, CLINICAL TRIALS, DRUG ALLERGY AND DESENSITIZATION, DIABETES, EMERGENCY MEDICINE, HEMATOLOGY AND ONCOLOGY, HOME CARE SERVICES, IMAGING, INFUSION, JOINT REPLACEMENT, MATERNITY, MULTIPLE SCLEROSIS CARE, PAIN MANAGEMENT, PEDIATRICS, PRIDE, SLEEP MEDICINE, STROKE, TRANSITIONAL CARE, TRAUMA AND WOUND CARE. MONTEFIORE NYACK HOSPITAL HAS RECENTLY UNDERGONE A $22 MILLION TRANSFORMATION PROJECT TO ENHANCES ITS HEALTH CARE DELIVERY SYSTEM. ON JULY 27, 2021, MONTEFIORE NYACK HOSPITAL HOSTED A DEDICATION AND RIBBON-CUTTING CEREMONY FOR THE HIGHLY ANTICIPATED PHASE TWO OPENING OF THE NEW EMERGENCY CENTER. THE NEW SPACE IS HOME TO A SEPARATE PEDIATRIC EMERGENCY UNIT, AN EXPRESS CARE AREA FOR NON-LIFE THREATENING EMERGENCY CASES, THREE SEPARATE EVALUATION AND PROCEDURE ROOMS AND DEDICATED IMAGING SUITES. THIS NEW FACILITY PROVIDES A COMFORTABLE SPACE SENSITIVE TO THE UNIQUE MEDICAL AND EMOTIONAL NEEDS OF OUR PATIENTS. IN 2021, MONTEFIORE NYACK HOSPITAL WAS AGAIN AT THE FOREFRONT OF THE FIGHT AGAINST THE RESURGENT WAVES OF THE COVID-19 VIRUS THAT CONTINUED RELENTLESSLY THROUGHOUT 2021. THE HOSPITAL CONTINUED TO PROVIDE LIFE-SAVING TREATMENTS AND THERAPIES TO THE COMMUNITY ALONG WITH NEWFOUND HOPE WITH THE ADVENT OF THE COVID VACCINE. THE HOSPITAL HAS RECEIVED NUMEROUS AWARDS AND ACCREDITATIONS FOR MEETING OR EXCEEDING RIGOROUS STANDARDS SET FORTH BY VARIOUS PRIVATE, STATE, AND FEDERAL AGENCIES. AMONG THE HONORS ARE THE JOINT COMMISSION'S GOLD SEAL OF APPROVAL FOR HIP AND KNEE JOINT REPLACEMENT; AMERICAN COLLEGE OF RADIOLOGY BREAST IMAGING CENTER OF EXCELLENCE DESIGNATION; AMERICAN COLLEGE OF SURGEONS COMMISSION ON CANCER OUTSTANDING ACHIEVEMENT AWARD; AND AMERICAN HEART ASSOCIATION/AMERICAN STROKE ASSOCIATION'S GET WITH THE GUIDELINES-STROKE GOLD PLUS WITH HONOR ROLL ELITE QUALITY ACHIEVEMENT AWARD, AMONG OTHERS. MONTEFIORE NYACK HOSPITAL IS ALSO AN AMERICAN COLLEGE OF SURGEONS LEVEL III TRAUMA CENTER, NY STATE DESIGNATED STROKE CENTER, A NEW YORK STATE LEVEL II SPECIAL CARE NURSERY, AND A WOUND CARE CENTER OF DISTINCTION. MONTEFIORE NYACK HOSPITAL OFFERS MANY EVENTS, CLASSES, AND SUPPORT GROUPS TO ENRICH THE LIVES OF THE COMMUNITY. SOME SUPPORT GROUPS AND CLASSES OFFERED ARE: CAREGIVERS SUPPORT GROUP, DIABETES SUPPORT GROUPS AND EDUCATION PROGRAMS; FALL PREVENTION PROGRAM; LIFE WITH CANCER SUPPORT GROUP; MAMAS MARAVILLOSAS, A SPANISH LANGUAGE SUPPORT GROUP; MATERNITY AND CHILDBIRTH EDUCATION PROGRAMS; AND NEW MOMS CIRCLE SUPPORT GROUP. AS OF JUNE 2020, MOST COMMUNITY WELLNESS AND EDUCATION SESSIONS TRANSITIONED TO A VIRTUAL EVENT CALLED COMMUNITY CHATS, ALL AVAILABLE FOR VIEWING ON THE HOSPITAL'S COMMUNITY EDUCATION YOUTUBE CHANNEL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Geller MD President & CEO | OfficerTrustee | 49 | $1,094,959 |
Anthony Matejicka DO Vp, Chief Medical Officer | Officer | 50 | $735,706 |
John S Burke Vp, Chief Financial Officer | Officer | 49 | $696,060 |
Michael Novak Vp, Chief Operating Officer | Officer | 50 | $556,068 |
Mary K Shinick Vp, Hr / Asst. Secretary | Officer | 50 | $467,659 |
M Kathleen Lunney Vp, Chief Nursing Officer | Officer | 50 | $423,366 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Allertonfox Construction Construction | 12/30/21 | $10,211,007 |
Lrs Healthcare Medical Staffing | 12/30/21 | $8,390,669 |
Quest Diagnostics Inc Outside Lab Testing | 12/30/21 | $6,563,411 |
Sound Physicians Of Ny Physician Services | 12/30/21 | $3,695,538 |
Barr Barr Construction | 12/30/21 | $2,164,393 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $31,402,033 |
| All other contributions, gifts, grants, and similar amounts not included above | $126,084 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $31,528,117 |
| Total Program Service Revenue | $283,967,412 |
| Investment income | $657,665 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $95,514 |
| Net Gain/Loss on Asset Sales | -$200,080 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $317,923,968 |
| 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. | $4,190,863 |
| Compensation of current officers, directors, key employees. | $2,972,953 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $116,762,429 |
| Pension plan accruals and contributions | $5,546,031 |
| Other employee benefits | $29,898,107 |
| Payroll taxes | $9,206,388 |
| Fees for services: Management | $10,014,950 |
| Fees for services: Legal | $768,029 |
| Fees for services: Accounting | $365,882 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $27,940,016 |
| Advertising and promotion | $399,180 |
| Office expenses | $13,389,482 |
| Information technology | $1,746,780 |
| Royalties | $0 |
| Occupancy | $3,526,224 |
| Travel | $114,090 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $55,124 |
| Interest | $1,428,016 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,819,107 |
| Insurance | $4,383,456 |
| All other expenses | $2,801,364 |
| Total functional expenses | $313,950,043 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,286 |
| Savings and temporary cash investments | $3,414,762 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $40,412,421 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $5,386,429 |
| Prepaid expenses and deferred charges | $4,325 |
| Net Land, buildings, and equipment | $108,945,697 |
| Investments—publicly traded securities | $12,546,999 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $4,229,000 |
| Other assets | $39,157,929 |
| Total assets | $214,110,848 |
| Accounts payable and accrued expenses | $56,861,880 |
| Grants payable | $0 |
| Deferred revenue | $2,286,339 |
| 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 | $26,706,506 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $76,977,445 |
| Total liabilities | $162,832,170 |
| Net assets without donor restrictions | $51,059,179 |
| Net assets with donor restrictions | $219,499 |
| 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 | $214,110,848 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Montefiore Nyack Hospital has recieved totaling $54,964.
| Awarding Organization | Amount |
|---|---|
Joel E Mandel Foundation For The Arts And Sciences Corp New Windsor, NY PURPOSE: SUPPORT NYACK HOSPITAL | $15,000 |
Dean Foundation Inc Tarrytown, NY PURPOSE: DONATION | $10,011 |
Community Foundation Of Rockland County New City, NY PURPOSE: DONATION | $8,500 |
Southeastern New York Library Resources Council Highland, NY PURPOSE: ELECTRONIC RESOURCES | $8,307 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $8,146 |
Michael Kluger And Heidi Greene Foundation Palm Beach, FL PURPOSE: TO FURTHER DONEE'S EXEMPT PURPOSE | $5,000 |
Endowment Analysis
| Beg. Balance | $219,499 |
| Ending Balance | $219,499 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lahey Clinic Hospital Inc Burlington, MA | $439,333,881 | $1,036,261,688 |
Presbyterian Medical Center Of The University Of Pennsylvania Health Philadelphia, PA | $864,132,692 | $1,007,924,819 |
Newyork-Presbyterian-Queens Flushing, NY | $898,800,022 | $913,594,490 |
New York-Presbyterian Brooklyn Methodist Brooklyn, NY | $1,733,884,296 | $932,635,722 |
Abington Memorial Hospital Philadelphia, PA | $948,017,930 | $858,404,541 |
Englewood Hospital And Medical Center A New Jersey Nonprofit Corp Englewood, NJ | $770,563,796 | $890,451,423 |
Saint Francis Hospital And Medical Center Hartford, CT | $1,654,893,576 | $997,837,414 |
Inspira Medical Centers Inc Bridgeton, NJ | $1,997,035,403 | $960,599,521 |
Valley Hospital Inc Ridgewood, NJ | $2,214,086,950 | $1,000,529,103 |
St Francis Hospital Roslyn, NY | $1,505,143,319 | $834,224,682 |
Virtu-West Jersey Health System Inc Marlton, NJ | $2,706,789,713 | $1,000,808,483 |
Bronxcare Health System Bronx, NY | $743,333,524 | $835,076,495 |