St Lukes Roosevelt Hospital Center
- Assets
- $1.5b
- Revenue
- $1.5b
- Investments
- $43.4m
- Employees
- 7,702
- Location
- New York, NY
- Founding
- 01/1936
- Data as of
- 12/2021
- EIN
- 13-2997301
Organization Overview
St Lukes Roosevelt Hospital Center, operating under the name See Schedule O, is located in New York, NY. The organization was established in 1936. 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, See Schedule O employed 7,702 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. See Schedule O 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, See Schedule O generated $1.5b in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $1.5b during the year ending 12/2021. While expenses have increased by 4.4% 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
SERVES THE HEALTH CARE NEEDS OF THE NY COMMUNITY THRU PRIMARY&TERTIARY CARE SVCS TO INPATIENTS & OUTPATIENTS WHILE ALSO PROVIDING CLINICAL EDUCATION&ENGAGING IN CLINICAL RESEARCH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HOSPITAL PROVIDES SIGNIFICANT LEVELS OF TERTIARY CARE AND SPECIALIZED SERVICES AND PROGRAMS TO TREAT COMPLEX CLINICAL CONDITIONS. THESE INCLUDE A COMPREHENSIVE CARDIOVASCULAR SURGERY PROGRAM, AN ENDOCRINOLOGY AND OBESITY PROGRAM, A COMPREHENSIVE HAND SURGERY PROGRAM, A RENAL TRANSPLANT PROGRAM AND ONE OF THE LARGEST INPATIENT/OUTPATIENT AIDS PROGRAMS IN NEW YORK CITY. IN ADDITION, THE HOSPITAL MAINTAINS A FULL RANGE OF OUTPATIENT SERVICES. THE HOSPITAL HAS BEEN DESIGNATED AS A TRAUMA CENTER BY THE EMERGENCY MEDICAL SYSTEM OF THE CITY OF NEW YORK AND HAS BEEN DESIGNATED AS A DEPARTMENT OF HEALTH. THE HOSPITAL SERVICED INPATIENTS AND PROVIDED 256,124 CLINIC VISITS AND 109,697 EMERGENCY ROOM VISITS. OVER 75% OF THE APPROXIMATELY 224,771 PATIENT DAYS WERE PROVIDED TO MEDICARE AND MEDICAID PATIENTS. AS A MATTER OF POLICY, THE HOSPITAL PROVIDES CARE TO ALL PATIENTS REGARDLESS OF THEIR ABILITY TO PAY. THE HOSPITAL PROVIDED OVER $54,370,738 OF CHARITY CARE SERVICES AND INCURRED $35,387,385 BAD DEBTS DURING 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Evan Flatow MD 2 President- Msw | Officer | 60 | $1,643,311 |
Arthur Gianelli 2 President- St Luke's | Officer | 60 | $1,291,599 |
Kenneth Davis MD 2 Chief Executive Officer | Officer | 8.17 | $808,115 |
Tracy Breen 2 SVP & Chief Medical Officer | 60 | $729,283 | |
Timothy Day 2 Chief Operating Officer | 60 | $704,295 | |
Helbert DE Castro 2 First Asstant Cardiac Surgery | 60 | $491,913 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Healthcare Risk Advisors Inc Insurance | 12/30/21 | $21,095,594 |
Rightsourcing Inc Temporary Staffiing | 12/30/21 | $12,028,872 |
Morrison Management Specialist Inc Insurance | 12/30/21 | $7,583,729 |
Crothall Healthcare Inc Housekeeping & Envir | 12/30/21 | $8,649,934 |
Lend Lease Construction Lmb Inc Const Cvs Inc/materi | 12/30/21 | $10,989,833 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $31,007,784 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,707,394 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $36,715,178 |
| Total Program Service Revenue | $1,275,097,757 |
| Investment income | $4,627,300 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,546,513 |
| Net Gain/Loss on Asset Sales | $1,201,562 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,497,187,522 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $15,564,000 |
| 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. | $6,683,065 |
| Compensation of current officers, directors, key employees. | $6,231,365 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $541,711,570 |
| Pension plan accruals and contributions | $45,144,866 |
| Other employee benefits | $99,440,365 |
| Payroll taxes | $42,239,820 |
| Fees for services: Management | $2,639,833 |
| Fees for services: Legal | $1,166,926 |
| Fees for services: Accounting | $1,538,322 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $214,553,864 |
| Advertising and promotion | $5,736,198 |
| Office expenses | $29,952,489 |
| Information technology | $7,322,332 |
| Royalties | $0 |
| Occupancy | $29,319,364 |
| Travel | $3,271,287 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $155,877 |
| Interest | $13,255,881 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $88,485,140 |
| Insurance | $24,377,535 |
| All other expenses | $42,632,761 |
| Total functional expenses | $1,501,766,494 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $284,407,559 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,938,306 |
| Accounts receivable, net | $131,352,496 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $13,341,617 |
| Prepaid expenses and deferred charges | $6,452,700 |
| Net Land, buildings, and equipment | $709,368,347 |
| Investments—publicly traded securities | $12,474,154 |
| Investments—other securities | $43,434,694 |
| Investments—program-related | $11,602,127 |
| Intangible assets | $0 |
| Other assets | $300,341,150 |
| Total assets | $1,515,713,150 |
| Accounts payable and accrued expenses | $200,544,257 |
| 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 | $177,144,972 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,067,125,090 |
| Total liabilities | $1,444,814,319 |
| Net assets without donor restrictions | -$52,569,202 |
| Net assets with donor restrictions | $123,468,033 |
| 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 | $1,515,713,150 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that St Lukes Roosevelt Hospital Center has recieved totaling $100,000.
| Awarding Organization | Amount |
|---|---|
Needlers Foundation New York, NY | | $100,000 |
Endowment Analysis
| Beg. Balance | $60,043,958 |
| Net Contributions | $3,427,236 |
| Ending Balance | $63,471,194 |
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 |