Champlain Valley Physicians Hospital Medical Center
- Assets
- $290.1m
- Revenue
- $382.0m
- Investments
- $0.0
- Employees
- 2,662
- Location
- Plattsburgh, NY
- Founding
- 06/1932
- Data as of
- 09/2021
- 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 09/2021, Champlain Valley Physicians Hospital Medical Center employed 2,662 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 09/2021, Champlain Valley Physicians Hospital Medical Center generated $382.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.9% each year. All expenses for the organization totaled $381.5m during the year ending 09/2021. While expenses have increased by 8.7% per year over the past 6 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
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
FORM 990, PART III, LINE 4A, PROGRAM SERVICE ACCOMPLISHMENTS: CHAMPLAIN VALLEY PHYSICIANS HOSPITAL MEDICAL CENTER (CVPH) IS A 300 BED ACUTE CARE HOSPITAL AND 54 BED SKILLED NURSING FACILITY. CVPH PROVIDES COMPREHENSIVE MEDICAL AND SURGICAL SERVICES TO THE NORTHERN NEW YORK STATE REGION, REGARDLESS OF RACE, CREED, SEX, NATIONAL ORIGIN, HANDICAP, AGE OR ABILITY TO PAY. DURING 2021, CVPH PROVIDED 54,885 PATIENT DAYS OF CARE TO ITS 8,333 ADMISSIONS, AND 34,647 EMERGENCY CARE CENTER VISITS. DURING THE YEAR, 9,885 SURGICAL PROCEDURES WERE PERFORMED. 626 BIRTHS OCCURRED IN CVPH FACILITIES. CVPH EMPLOYS MORE THAN 2,700 INDIVIDUALS. THE HOSPITAL IS JOINT COMMISSION ACCREDITED AND LICENSED BY THE NEW YORK STATE DEPARTMENT OF HEALTH. IN ADDITION TO ITS MAIN CAMPUS, CVPH OPERATES 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 |
|---|---|---|---|
Michelle Lebeau President/coo | Officer | 48 | $558,456 |
Wouter Rietsemamd Chief Quality And Infor. | Officer | 48 | $413,635 |
Christopher Hickey Svp/cfo | Officer | 41 | $405,322 |
Karen Lee CEO Adirondacks Aco | Officer | 48 | $337,934 |
Lisa Mark Vice President Medical Affairs/chief Med | Officer | 40 | $320,611 |
Maher Hanna Avp Patient Care Operation | 48 | $281,905 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Executive Consulting Group Llc Consulting | 9/29/21 | $416,744 |
Fust Charles Chambers Llp Accounting And Audit Services | 9/29/21 | $334,134 |
Hudson Headwaters Health Network Third Party Administrator | 9/29/21 | $300,221 |
Nixon Peabody Llp Legal | 9/29/21 | $245,707 |
Suny Plattsburgh Speech And Hearing Speech Pathology | 9/29/21 | $237,216 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,864,372 |
| 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 | $3,864,372 |
| Total Program Service Revenue | $369,552,561 |
| Investment income | $302,902 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$44,194 |
| Net Gain/Loss on Asset Sales | $108,760 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $382,043,572 |
| 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. | $2,166,104 |
| Compensation of current officers, directors, key employees. | $347,148 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $179,220,249 |
| Pension plan accruals and contributions | $14,089,132 |
| Other employee benefits | $33,169,596 |
| Payroll taxes | $10,399,457 |
| Fees for services: Management | $10,770,177 |
| Fees for services: Legal | $1,236,582 |
| Fees for services: Accounting | $218,244 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $15,444,673 |
| Advertising and promotion | $242,840 |
| Office expenses | $408,503 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,944,146 |
| Travel | $874,185 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,136,588 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,334,752 |
| Insurance | $2,369,262 |
| All other expenses | $7,470,191 |
| Total functional expenses | $381,536,600 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $55,553,728 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $48,851,756 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $6,420,808 |
| Prepaid expenses and deferred charges | $2,273,222 |
| Net Land, buildings, and equipment | $92,938,571 |
| Investments—publicly traded securities | $52,016,493 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $32,046,844 |
| Total assets | $290,101,422 |
| Accounts payable and accrued expenses | $36,805,768 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $25,476,376 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $17,960,584 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $144,898,591 |
| Total liabilities | $225,141,319 |
| Net assets without donor restrictions | $61,096,742 |
| Net assets with donor restrictions | $3,863,361 |
| 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 | $290,101,422 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Champlain Valley Physicians Hospital Medical Center has recieved totaling $91,500.
| Awarding Organization | Amount |
|---|---|
Capital District Physicians Health Plan Inc Albany, NY PURPOSE: PPE, FOOD, HOUSING AND EMERGENCY AID ASSISTANCE | $50,000 |
Capital District Physicians Health Plan Inc Albany, NY PURPOSE: PPE, FOOD, HOUSING AND EMERGENCY AID ASSISTANCE | $35,000 |
Washington University Saint Louis, MO PURPOSE: RESEARCH | $6,500 |
Endowment Analysis
| Beg. Balance | $37,668,274 |
| Earnings | $5,486,563 |
| Net Contributions | $443,568 |
| Ending Balance | $43,598,405 |
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 |