Wmc-New York Inc
- Assets
- $34.3m
- Revenue
- $124.6m
- Investments
- $0.0
- Employees
- 1,589
- Location
- Valhalla, NY
- Founding
- 06/2000
- Data as of
- 12/2023
- EIN
- 13-4107864
Organization Overview
Wmc-New York Inc is located in Valhalla, NY. The organization was established in 2000. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. As of 12/2023, Wmc-New York Inc employed 1,589 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wmc-New York Inc 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, Wmc-New York Inc generated $124.6m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $124.0m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.4%) per year over the past 9 years. 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
ENGAGES IN ACTIVITIES THAT FURTHER SUPPORT, BENEFIT, AND CARRYOUT THE PURPOSES, MISSIONS, OBJECTIVES, AND ACTIVITIES OF WESTCHESTER COUNTY HEALTH CARE CORP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WMC NEW YORK, INC. (WMC NY)'S PURPOSE IS TO ENGAGE IN VARIOUS ACTIVITIES THAT FURTHER, SUPPORT, BENEFIT OR CARRY OUT THE PURPOSES, MISSIONS, OBJECTIVES, OPERATIONS AND ACTIVITIES OF WESTCHESTER MEDICAL CENTER, WHICH INCLUDES WESTCHESTER MEDICAL CENTER, MARIA FARERI CHILDREN'S HOSPITAL, THE BEHAVIORAL HEALTH CENTER AT WESTCHESTER, AND SUCH OTHER HOSPITALS AND HEALTH CARE FACILITIES AS MAY BE ESTABLISHED OR TO OTHERWISE BECOME PART OF WESTCHESTER MEDICAL CENTER IN THE FUTURE, AND WESTCHESTER MEDICAL CENTER FOUNDATION, INC., A NEW YORK NOT-FOR-PROFIT CORPORATION. IN ADDITION, WMC NY IS THE HOLDER OF 100% OF THE MEMBERSHIP SHARES IN WCHCC (BERMUDA), LIMITED, A BERMUDA INSURANCE COMPANY FORMED TO SERVE AS AN OFF-SHORE CAPTIVE INSURANCE COMPANY FOR WESTCHESTER COUNTY HEALTH CARE CORPORATION (WCHCC). WMC NY IS ALSO THE SOLE MEMBER OF MID-HUDSON VALLEY STAFFCO, LLC, A PROFESSIONAL EMPLOYER ORGANIZATION. WMC NY IS ALSO THE SOLE MEMBER OF HUDSON VALLEY PROPERTY HOLDINGS LLC. WMC NY IS ALSO THE SOLE MEMBER OF CENTER FOR REGIONAL HEALTHCARE INNOVATION LLC, WHICH SERVES AS A CENTRALIZED SERVICES PROVIDER TO THE PERFORMING PROVIDER SYSTEM BEING ESTABLISHED BY WCHCC TO SERVE AS A CENTER TO EVALUATE AND IMPLEMENT BEST PRACTICES IN HEALTHCARE DELIVERY FOR THE HUDSON VALLEY REGION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Treasurer (resigned October 2023) | OfficerTrustee | 1 | $0 |
Name Not Listed Executive Director (effective November 2023) | OfficerTrustee | 1 | $0 |
Name Not Listed Secretary | OfficerTrustee | 1 | $0 |
Name Not Listed Chair | OfficerTrustee | 1 | $0 |
Name Not Listed Trustee | Trustee | 1 | $0 |
Name Not Listed Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Winged Foot Country Club Inc Event Hosting | 12/30/23 | $242,170 |
Fusion Marketing Group Inc Marketing | 12/30/23 | $162,627 |
Great Performances Artists As Waitresses Event Caterer | 12/30/23 | $151,370 |
Corporate Audio Visual Event Media Services | 12/30/23 | $119,280 |
Sterling Employee Background Checks | 12/30/23 | $136,116 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $124,641,111 |
| Investment income | $93,453 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$126,533 |
| 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 | $124,578,683 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,151,536 |
| 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 | $88,345,596 |
| Pension plan accruals and contributions | $2,805,652 |
| Other employee benefits | $22,862,662 |
| Payroll taxes | $7,073,151 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,063 |
| 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 | $667,415 |
| Advertising and promotion | $0 |
| Office expenses | $546 |
| Information technology | $63,690 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $106,658 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,099 |
| Interest | $838,066 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $43,613 |
| All other expenses | $0 |
| Total functional expenses | $123,974,371 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $400,368 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,902,232 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $94,929 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $472,512 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $22,383,757 |
| Total assets | $34,253,798 |
| Accounts payable and accrued expenses | $17,154,834 |
| Grants payable | $0 |
| Deferred revenue | $15,740 |
| Tax-exempt bond liabilities | $19,353,283 |
| 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 | $6,012,730 |
| Total liabilities | $42,536,587 |
| Net assets without donor restrictions | -$8,282,789 |
| 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 | $34,253,798 |