Vassar Brothers Medical Center is located in Poughkeepsie, NY. The organization was established in 1937. 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, Vassar Brothers Medical Center employed 3,044 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vassar Brothers 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, Vassar Brothers Medical Center generated $774.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $804.2m during the year ending 09/2023. While expenses have increased by 7.9% 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
IMPROVE THE HEALTH OF EVERY PERSON IN OUR COMMUNITY THROUGH THE EFFICIENT DELIVERY OF EXCELLENT, INNOVATIVE AND COMPASSIONATE CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VASSAR BROTHERS MEDICAL CENTER (VBMC) IS A 349-BED FACILITY THAT HAS SERVED THE NEW YORK'S MID-HUDSON VALLEY SINCE 1887. THE MOST RECENT ADDITION TO THE CAMPUS IS A BEAUTIFUL PATIENT PAVILION, WHICH INCLUDES 263 PRIVATE PATIENT ROOMS, A 30-ROOM INTENSIVE CARE UNIT, 13 SURGICAL SUITES AND A 66-ROOM EMERGENCY AND TRAUMA CENTER. VBMC IS PART OF NUVANCE HEALTH, WHICH IS A SIX-HOSPITAL SYSTEM, ON 7 CAMPUSES, WITH NUMEROUS OUTPATIENT FACILITIES THROUGHOUT THE HUDSON VALLEY AND ACROSS WESTERN CONNECTICUT. THE NUVANCE HEALTH SYSTEM GIVES THE COMMUNITY ACCESS TO A VARIETY OF SERVICES INCLUDING, BUT NOT LIMITED TO, BARIATRIC SURGERY AND MEDICAL WEIGHT LOSS, BLOOD DRAW, CRITICAL CARE, DIABETES EDUCATION, EMERGENCY SERVICES, HEART AND VASCULAR, IMAGING AND RADIOLOGY, INFUSION THERAPY, NEUROLOGY AND NEUROSURGERY, ORTHOPEDIC CARE, PHYSICAL REHABILITATION, PRIMARY CARE, RHEUMATOLOGY, SLEEP DISORDERS, URGENT CARE, WOMEN'S HEALTH, BEHAVIORAL HEALTH, CANCER CARE, DENTISTRY, DIGESTIVE HEALTH, ENDOCRINOLOGY, GENETIC COUNSELING, HOME HEALTH CARE, INFECTIOUS DISEASE, KIDNEY DISEASE AND NEPHROLOGY, OCCUPATIONAL MEDICINE, PATIENT BLOOD MANAGEMENTS AND BLOODLESS MEDICINE, PEDIATRICS, PODIATRY, PULMONARY CARE, SENIOR CARE AND GERIATRIC MEDICINE, SURGICAL SERVICES, UROLOGY, WOUND CARE AND HYPERBARIC MEDICINE. VBMC HAS ESTABLISHED PRACTICES IN CARDIAC SERVICES, CANCER CARE AND WOMEN AND CHILDREN'S HEALTH SERVICES. AS A REGIONAL MEDICAL CENTER, VASSAR HOUSES THE AREA'S FIRST AND ONLY CARDIOTHORACIC SURGERY CENTER BETWEEN WESTCHESTER AND ALBANY AND THE ONLY LEVEL III NEONATAL INTENSIVE CARE UNIT (NICU) IN THE REGION FOR PREMATURE, UNDERWEIGHT, AND CRITICALLY ILL INFANTS. INNOVATIVE PROCEDURES AND SERVICES HAVE BEEN BROUGHT TO THE VBMC CAMPUS, INCLUDING ROBOTIC ORTHOPEDIC SURGERY, LIVER AND PANCREATIC SURGERY, INTERVENTIONAL NEURORADIOLOGY, SURGICAL ONCOLOGY AND TRANSCATHETER AORTIC VALVE REPLACEMENT (TAVR), NEGATING THE NEED TO TRAVEL FOR THIS CARE. VBMC IS A LEVEL II TRAUMA CENTER WITH A TEAM OF DEDICATED, FELLOWSHIP-TRAINED TRAUMA AND CRITICAL CARE SURGEONS. THE HOSPITAL IS ALSO CERTIFIED AS A THROMBECTOMY-CAPABLE STROKE CENTER FROM THE JOINT COMMISSION, PROVIDING QUALITY STROKE CARE. VBMC'S PEDIATRIC UNIT CONTINUES ITS ALLIANCE WITH NEW YORK CHILDREN'S MEDICAL PROVIDERS SERVICES, P.C., AN AFFILIATE OF THE NATIONALLY RANKED HEALTH SYSTEM, CONNECTICUT CHILDREN'S. THE UNIT INCLUDES NINE PRIVATE ROOMS DECORATED IN A HUDSON VALLEY THEME. THROUGH THE ALLIANCE WITH NEW YORK CHILDREN'S MEDICAL PROVIDERS SERVICES, CHILDREN WHO NEED HOSPITALIZATION ARE CARED FOR BY PEDIATRIC HOSPITALISTS WITH YEARS OF SPECIALIZED TRAINING, IN ADDITION TO PEDIATRIC NURSES, RESPIRATORY THERAPISTS AND OTHERS. NEONATOLOGISTS FROM NEW YORK CHILDREN'S MEDICAL PROVIDER SERVICES, P.C., ALSO STAFF THE NICU. VBMC IS COMMITTED TO PROVIDING QUALITY SERVICE TO THE COMMUNITY AND HAS BEEN RECOGNIZED BY SEVERAL ORGANIZATIONS FOR THE QUALITY HEALTHCARE THAT IT PROVIDES TO THE REGION. VBMC HAS BEEN RECOGNIZED AS BEST REGIONAL HOSPITAL FOR EXCELLENCE BY U.S. NEWS & WORLD REPORT FOR THEIR HIGH PERFORMANCE IN COLON CANCER SURGERY, LUNG CANCER SURGERY, HEART FAILURE TREATMENT, HEART ATTACK, DIABETES TREATMENT, MATERNITY CARE, KIDNEY FAILURE TREATMENT, PULMONOLOGY AND LUNG SURGERY, CHRONIC OBSTRUCTIVE PULMONARY DISEASE, PNEUMONIA, AND IN STROKE. FOR THE LAST SEVERAL YEARS, HEALTHGRADES HAS LISTED VBMC AS AMERICA'S 50 BEST HOSPITALS. IN ADDITION, HEALTHGRADES HAS AWARDED VBMC WITH THE CORONARY INTERVENTION EXCELLENCE AWARD (2 YEARS IN A ROW), CARDIAC CARE EXCELLENCE AWARD (2 YEARS IN A ROW), AS WELL AS THE PULMONARY CARE EXCELLENCE AWARD. VBMC HAS BEEN NAMED TOP 5% IN THE NATION FOR CARDIOLOGY SERVICES, AND THE TOP 10% IN THE NATION FOR OVERALL CARDIAC SERVICES (2 YEARS IN A ROW), CORONARY INTERVENTIONAL PROCEDURES (2 YEARS IN A ROW), AND OVERALL PULMONARY SERVICES. VBMC HAS BEEN ACCREDITED AS A COMPREHENSIVE COMMUNITY CANCER PROGRAM BY THE AMERICAN COLLEGE OF SURGEONS COMMISSION ON CANCER, AND ACCREDITED BY THE NATIONAL ACCREDITATION PROGRAM FOR BREAST CENTERS (NAPBC) THROUGH THE AMERICAN COLLEGE OF SURGEONS. THE HOSPITAL HAS ALSO EARNED THE GET WITH THE GUIDELINES STROKE GOLD PLUS AWARD, STROKE HONOR ROLL AND TYPE 2 DIABETES HONOR ROLL FROM THE AMERICAN HEART ASSOCIATION, AND THE THROMBECTOMY-CAPABLE STROKE CENTER CERTIFICATION FROM THE JOINT COMMISSION. THE SURGICAL REVIEW CORPORATION HAS DESIGNATED VBMC AS A ROBOTIC CENTER OF EXCELLENCE. VBMC IS A FIVE-STAR RECIPIENT FOR CORONARY INTERVENTIONAL PROCEDURES, TREATMENT OF HEART ATTACK (9 YEARS IN A ROW), TREATMENT OF HEART FAILURE (4 YEARS IN A ROW), AND TREATMENT OF PNEUMONIA (13 YEARS IN A ROW). IN FY23, VBMC HAD 104,121 PATIENT DAYS AND 22,170 DISCHARGES IN ACUTE CARE. THERE WERE 41,348 IN EMERGENCY ROOM VISITS AND 252,462 IN OTHER OUTPATIENT VISITS/PROCEDURES. THE HOSPITAL PROVIDED APPROXIMATELY $21.1M IN CHARITY CARE TO THE REGIONS UN-INSURED AND UNDER-INSURED POPULATION.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Name Not Listed Vice Chairman | OfficerTrustee | 3 | $0 |
Name Not Listed President (to 02/10) | OfficerTrustee | 46 | $949,606 |
Name Not Listed Chairman | OfficerTrustee | 3 | $0 |
Name Not Listed President & Western Regional President (from 02/06) | OfficerTrustee | 38 | $0 |
Name Not Listed Director | Trustee | 2 | $0 |
Name Not Listed Director (to 01/05) | Trustee | 2 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Walsh Consigli Jv Construction | 9/29/23 | $4,791,679 |
North American Partners In Anesthesia Llc Anesthesiology Services | 9/29/23 | $3,007,195 |
Quest Diagnostics Lab Tests | 9/29/23 | $2,288,815 |
Medical Solutions Llc Medical Staffing | 9/29/23 | $1,831,680 |
Orthopedic Associates Of Dutchess County Trauma, Orthopedic, And Hand On-call Svcs | 9/29/23 | $932,250 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $5,492,470 |
Government grants | $722,996 |
All other contributions, gifts, grants, and similar amounts not included above | $838 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $6,216,304 |
Total Program Service Revenue | $759,548,884 |
Investment income | $2,450,643 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $487,665 |
Net Gain/Loss on Asset Sales | $502,694 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $774,380,228 |
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. | $1,159,853 |
Compensation of current officers, directors, key employees. | $95,108 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $285,759,857 |
Pension plan accruals and contributions | $18,921,698 |
Other employee benefits | $68,376,726 |
Payroll taxes | $17,122,960 |
Fees for services: Management | $404,838 |
Fees for services: Legal | $1,055,409 |
Fees for services: Accounting | $2,581,625 |
Fees for services: Lobbying | $95,008 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $955,792 |
Fees for services: Other | $53,895,341 |
Advertising and promotion | $1,271,195 |
Office expenses | $6,420,817 |
Information technology | $16,848,254 |
Royalties | $0 |
Occupancy | $11,066,700 |
Travel | $329,831 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $409,009 |
Interest | $15,418,788 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $46,064,584 |
Insurance | $7,456,396 |
All other expenses | $0 |
Total functional expenses | $804,194,259 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $2,528,669 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $81,492,367 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $16,212,221 |
Prepaid expenses and deferred charges | $2,751,120 |
Net Land, buildings, and equipment | $777,657,501 |
Investments—publicly traded securities | $0 |
Investments—other securities | $175,268,366 |
Investments—program-related | $0 |
Intangible assets | $20,732,741 |
Other assets | $131,866,218 |
Total assets | $1,208,509,203 |
Accounts payable and accrued expenses | $52,318,666 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $447,850,242 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $6,661,893 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $204,143,933 |
Total liabilities | $710,974,734 |
Net assets without donor restrictions | $477,910,071 |
Net assets with donor restrictions | $19,624,398 |
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 | $1,208,509,203 |
Over the last fiscal year, Vassar Brothers Medical Center has awarded $141,100 in support to 13 organizations.
Grant Recipient | Amount |
---|---|
PREMIER CARES FOUNDATION PURPOSE: IN SUPPORT OF UNDERSERVED AND UNDERINSURED UROLOGICAL AND GASTROINTESTINAL PATIENTS IN THE COMMUNITY | $6,800 |
AMERICAN HEART ASSOCIATION PURPOSE: IN SUPPORT OF CARDIOVASCULAR RESEARCH, HEALTH AND WELLNESS | $17,000 |
MILES FOR HOPE BREAST CENTER FOUNDATION PURPOSE: IN SUPPORT OF LOCAL FAMILIES AFFECTED BY BREAST CANCER DIAGNOSIS | $13,600 |
WALKWAY OVER THE HUDSON PURPOSE: IN SUPPORT OF HEALTH AND WELLNESS IN THE LOCAL COMMUNITY | $10,200 |
AMERICAN CANCER SOCIETY PURPOSE: IN SUPPORT OF CANCER CARE AND RESEARCH | $17,000 |
FAMILY SERVICES INC PURPOSE: IN SUPPORT OF SERVICES FOR BATTERED WOMEN, CHILDREN AND SERVICES FOR LOCAL AT-RISK YOUTH | $17,000 |