Columbia Memorial Hospital
- Assets
- $96.6m
- Revenue
- $162.8m
- Investments
- $0.0
- Employees
- 1,672
- Location
- Hudson, NY
- Founding
- 03/2014
- Data as of
- 12/2017
- EIN
- 14-1338373
Organization Overview
Columbia Memorial Hospital is located in Hudson, NY. The organization was established in 2014. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. As of 12/2022, Columbia Memorial Hospital employed 1,672 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Columbia Memorial 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 12/2017, Columbia Memorial Hospital generated $162.8m in total revenue. The organization has seen a slow decline revenue. Over the past 3 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $161.9m during the year ending 12/2017. As we would expect to see with falling revenues, expenses have declined by (0.8%) per year over the past 3 years. 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
2017
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF COLUMBIA MEMORIAL HOSPITAL IS TO PROVIDE OUR COMMUNITIES WITH SAFE, HIGH QUALITY, COMPREHENSIVE HEALTH CARE SERVICES IN A DIGNIFIED AND COMPASSIONATE ENVIRONMENT.
Describe the Organization's Program Activity:
ACUTE INPATIENT HOSPITAL SERVICES 32,142 PATIENT DAYS. HOSPITAL EMERGENCY MEDICAL CARE AVAILABLE TO ALL 30,062 VISITS.
OUTPATIENT SURGERIES, ANCILLARY SERVICES OUTREACH CLINICS SPANNING 3 COUNTIES. 440,057 VISITS
OTHER OPERATING REVENUES AND EXPENSES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
V Richard Back MD Chair | OfficerTrustee | 8 | $0 |
James Lapenn Vice-Chair | OfficerTrustee | 8 | $0 |
Donald Gibson Treasurer | OfficerTrustee | 8 | $0 |
Hilla Richardson Secretary | OfficerTrustee | 8 | $0 |
Mary Gail Biebel Trustee | Trustee | 8 | $0 |
Steven Frisch MD Trustee | Trustee | 8 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Emergency Medical Association Of Ny Medical Services | 12/30/17 | $2,135,357 |
Labcorp Laboratory Services | 12/30/17 | $1,955,260 |
Locum Leaders Of Missouri Llc Medical Services | 12/30/17 | $920,687 |
Pain Management Of Upstate Ny Medical Services | 12/30/17 | $939,093 |
Ima Ny Medical Services | 12/30/17 | $792,485 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $970,372 |
| Government grants | $244,777 |
| All other contributions, gifts, grants, and similar amounts not included above | $176,582 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,391,731 |
| Total Program Service Revenue | $160,004,523 |
| Investment income | $523,557 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $879,409 |
| Net Gain/Loss on Asset Sales | $9,853 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $162,818,164 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $30,000 |
| 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. | $4,562,212 |
| Compensation of current officers, directors, key employees. | $1,343,077 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $73,552,075 |
| Pension plan accruals and contributions | $2,280,203 |
| Other employee benefits | $8,726,201 |
| Payroll taxes | $5,068,543 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $339,754 |
| Fees for services: Accounting | $159,000 |
| Fees for services: Lobbying | $12,770 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $23,364,124 |
| Advertising and promotion | $56,829 |
| Office expenses | $19,903,468 |
| Information technology | $1,802,627 |
| Royalties | $0 |
| Occupancy | $3,887,187 |
| Travel | $126,337 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $121,347 |
| Interest | $1,068,093 |
| Payments to affiliates | $26,933 |
| Depreciation, depletion, and amortization | $6,772,609 |
| Insurance | $2,835,509 |
| All other expenses | $0 |
| Total functional expenses | $161,853,765 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $10,086,874 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $14,164,383 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,111,007 |
| Prepaid expenses and deferred charges | $2,878,688 |
| Net Land, buildings, and equipment | $48,181,774 |
| Investments—publicly traded securities | $15,364,087 |
| Investments—other securities | $0 |
| Investments—program-related | $2,215,706 |
| Intangible assets | $115,814 |
| Other assets | $1,438,000 |
| Total assets | $96,556,333 |
| Accounts payable and accrued expenses | $18,333,319 |
| Grants payable | $0 |
| Deferred revenue | $435,007 |
| 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 | $19,432,345 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $21,257,379 |
| Total liabilities | $59,458,050 |
| Unrestricted restricted net Assets | $34,664,336 |
| Temporarily restricted net Assets | $1,009,205 |
| Permanently restricted net Assets or current funds | $1,424,742 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $37,098,283 |