Champlain Valley Physicians Hospital Medical Center
- Assets
- $201.3m
- Revenue
- $419.0m
- Investments
- $0.0
- Employees
- 2,487
- Location
- Plattsburgh, NY
- Founding
- 06/1932
- Data as of
- 09/2023
- EIN
- 14-1338471
Organization Overview
Champlain Valley Physicians Hospital Medical Center is located in Plattsburgh, NY. The organization was established in 1932. 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 09/2023, Champlain Valley Physicians Hospital Medical Center employed 2,487 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Champlain Valley Physicians Hospital Medical Center 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 09/2023, Champlain Valley Physicians Hospital Medical Center generated $419.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $458.4m during the year ending 09/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
CVPH MEDICAL CENTER'S MISSION IS TO PROVIDE QUALITY HEALTH CARE FOR THE NORTH COUNTRY REGION IN UPSTATE NEW YORK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEVERAL OUTPATIENT FACILITIES WHERE SERVICES ARE PROVIDED TO ITS PATIENTS INCLUDING: AMBULATORY SURGERY, PHYSICAL AND OCCUPATIONAL THERAPY, REHABILITATION, RENAL DIALYSIS, AND DIAGNOSTIC IMAGING. CVPH ALSO OPERATES HEALTH CLINICS LOCATED IN OUTLYING GEOGRAPHIC AREAS, TO BETTER SERVE THE HEALTH NEEDS OF CVPH'S RURAL COMMUNITY SERVICE AREA. THROUGH ITS VARIOUS LOCATIONS, OUTREACH ACTIVITIES, AND SUPPORT GROUPS, CVPH IS ACTIVE IN THE COMMUNITY IN PROMOTING HEALTH AND WELLNESS OF THE BODY, MIND, AND SPIRIT. CVPH PROVIDES ONGOING MEDICAL EDUCATION TO ITS MEDICAL STAFF, IN ADDITION TO OFFERING AN X-RAY TECHNOLOGY PROGRAM FOR ENROLLED STUDENTS. CVPH MAINTAINS A COMPREHENSIVE MEDICAL LIBRARY AND HAVE MADE AVAILABLE WEB-BASED LINKS FOR THE COMMUNITY TO EASILY ACCESS HEALTH AND WELLNESS INFORMATION AND EDUCATIONAL MATERIALS. CVPH ACCEPTS NUMEROUS INSURANCE PLANS, AND IS MEDICARE AND MEDICAID APPROVED. ADDITIONALLY, CVPH HAS A CHARITY CARE POLICY TO ACCOMMODATE PATIENTS WHOSE FINANCIAL MEANS ARE WITHIN SPECIFIED GUIDELINES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Goerlitz-Coryer Director | Trustee | 1 | $0 |
Elizabeth Vicencio Chair | OfficerTrustee | 1 | $0 |
Joann Gleeson-Kreig PHD Director | Trustee | 1 | $0 |
John Mcauliffe MD Member At Large | Trustee | 1 | $0 |
Kelly Donoghue Director | Trustee | 1 | $0 |
Lee Pray Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Associates In Radiology Physician Services | 9/29/23 | $2,670,461 |
William H Beaumont Center Physician Services | 9/29/23 | $292,792 |
Suny Plattsburgh S&h Center Speech Pathology | 9/29/23 | $211,843 |
Freedom Healthcare Staffing Physician Services | 9/29/23 | $6,431,597 |
Fustcharles Llp Accounting And Consulting Services | 9/29/23 | $242,721 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,008,072 |
| 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 | $2,008,072 |
| Total Program Service Revenue | $413,001,419 |
| Investment income | $387,870 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$51,932 |
| Net Gain/Loss on Asset Sales | -$1,832,520 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $419,002,256 |
| 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. | $2,386,903 |
| Compensation of current officers, directors, key employees. | $406,298 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $197,026,177 |
| Pension plan accruals and contributions | $1,904,907 |
| Other employee benefits | $41,528,823 |
| Payroll taxes | $11,582,585 |
| Fees for services: Management | $53,182,586 |
| Fees for services: Legal | $380,793 |
| Fees for services: Accounting | $203,077 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $25,993 |
| Fees for services: Other | $12,629,853 |
| Advertising and promotion | $180,414 |
| Office expenses | $328,274 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,733,747 |
| Travel | $1,406,488 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,601,127 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,159,303 |
| Insurance | $3,565,854 |
| All other expenses | $4,667,120 |
| Total functional expenses | $458,412,148 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,922,018 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $52,867,970 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $7,651,595 |
| Prepaid expenses and deferred charges | $20,446,458 |
| Net Land, buildings, and equipment | $79,095,314 |
| Investments—publicly traded securities | $10,175,849 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $23,163,207 |
| Total assets | $201,322,411 |
| Accounts payable and accrued expenses | $32,824,943 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $22,727,444 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $34,130,585 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $107,558,358 |
| Total liabilities | $197,241,330 |
| Net assets without donor restrictions | $2,737,138 |
| Net assets with donor restrictions | $1,343,943 |
| 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 | $201,322,411 |