Putnam Hospital Center, operating under the name Putnam Hospital, is located in Carmel, NY. The organization was established in 1962. 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, Putnam Hospital employed 822 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Putnam 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 09/2023, Putnam Hospital generated $108.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.7%) each year. All expenses for the organization totaled $151.3m during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (0.4%) per year over the past 7 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
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:
PUTNAM HOSPITAL IS A 164-BED, ACUTE CARE HOSPITAL OFFERING INNOVATIVE TECHNOLOGIES, INCLUDING ROBOT-ASSISTED SURGERY. THE HOSPITAL IS COMMITTED TO PROVIDING SAFE, CONVENIENT CARE TO MEET THE PERSONAL HEALTHCARE NEEDS OF THE COMMUNITIES WE SERVE. PUTNAM HOSPITAL 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. PUTNAM HOSPITAL OFFERS ADVANCED SURGICAL SERVICES INCLUDING ORTHOPEDICS, SPINE, AND BARIATRIC SURGERY. THE HOSPITAL ALSO OFFERS STROKE CARE, A BLOOD MANAGEMENT PROGRAM, CARDIAC CARE, PSYCHIATRIC CARE INCLUDING A PARTIAL-HOSPITALIZATION PROGRAM, MATERNITY CARE, AND OUTPATIENT PHYSICAL REHABILITATION. PUTNAM HOSPITAL 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. PUTNAM HOSPITAL HAS BEEN RECOGNIZED AS BEST REGIONAL HOSPITAL FOR EXCELLENCE BY U.S. NEWS & WORLD REPORT FOR THEIR HIGH PERFORMANCE IN COPD TREATMENT AND KIDNEY FAILURE. THE HOSPITAL RECEIVED THE GET WITH THE GUIDELINES STROKE SILVER PLUS AWARD. PUTNAM HOSPITAL HAS RECEIVED SEVERAL ACCREDITATIONS INCLUDING MBSAQIP ACCREDITED BARIATRIC CENTER SINCE 2017, ACCREDITED AS A COMPREHENSIVE COMMUNITY CANCER PROGRAM FROM THE AMERICA COLLEGE OF SURGEONS COMMISSION ON CANCER, BREAST HEALTH PROGRAM ACCREDITATION FROM THE NATIONAL ACCREDITATION PROGRAM FOR BREAST CENTERS, ACCREDITED BREAST CENTER OF EXCELLENCE FROM THE AMERICAN COLLEGE OF RADIOLOGY, AS WELL AS ACCREDITATIONS IN ADULT TRANSTHORACIC ECHOCARDIOGRAPHY, FDA-CERTIFIED/MQSA APPROVED MAMMOGRAPHY FACILITY, MAMMOGRAPHY AND BREAST ULTRASOUND, AND ULTRASOUND-OB, SMALL PARTS, ABDOMEN AND GENERAL STUDIES, CT SCAN, MRI AND NUCLEAR MEDICINE. PUTNAM HOSPITAL WAS DESIGNATED BY THE SURGICAL REVIEW CORPORATION AS A ROBOTIC CENTER OF EXCELLENCE. IN FY23, PUTNAM HOSPITAL HAD 17,080 PATIENT DAYS AND 3,289 DISCHARGES IN ACUTE CARE. THERE WERE 18,920 IN EMERGENCY ROOM VISITS AND 59,563 IN OTHER OUTPATIENT VISITS/PROCEDURES. THE HOSPITAL PROVIDED APPROXIMATELY $3.5M IN CHARITY CARE TO THE REGIONS UN-INSURED AND UNDER-INSURED POPULATION.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Name Not Listed Director; Vice Chairman (from 01/01) | OfficerTrustee | 3 | $0 |
Name Not Listed President Phc | OfficerTrustee | 45.5 | $233,763 |
Name Not Listed Chairman | OfficerTrustee | 3 | $0 |
Name Not Listed Director (from 01/01) | Trustee | 2 | $0 |
Name Not Listed Director (to 12/31) | Trustee | 2 | $0 |
Name Not Listed Director (from 01/01) | Trustee | 2 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Somers Orthopaedic Surgery And Sports Med Medical Staff Thopedic On-call | 9/29/23 | $401,717 |
North American Partners In Anesthesia Llc Anesthesia | 9/29/23 | $213,000 |
Q Centrix Llc Abstraction | 9/29/23 | $128,036 |
Surgical Intensivists Pc Medical Staff | 9/29/23 | $119,454 |
Caremount Medical P C Medical Staff | 9/29/23 | $104,257 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $231,501 |
Government grants | $421,591 |
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 | $653,092 |
Total Program Service Revenue | $104,789,824 |
Investment income | $449,013 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $1,196,163 |
Net Gain/Loss on Asset Sales | $147,985 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $108,757,484 |
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. | $709,769 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $63,432,675 |
Pension plan accruals and contributions | $5,651,774 |
Other employee benefits | $13,768,977 |
Payroll taxes | $4,124,017 |
Fees for services: Management | $20,256 |
Fees for services: Legal | $183,120 |
Fees for services: Accounting | $447,929 |
Fees for services: Lobbying | $10,682 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $253,546 |
Fees for services: Other | $14,167,791 |
Advertising and promotion | $220,561 |
Office expenses | $1,234,486 |
Information technology | $2,897,652 |
Royalties | $0 |
Occupancy | $1,952,939 |
Travel | $146,022 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $4,287 |
Interest | $510,520 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $6,454,562 |
Insurance | $1,867,889 |
All other expenses | $0 |
Total functional expenses | $151,267,027 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $2,123,963 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $10,408,031 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $3,534,191 |
Prepaid expenses and deferred charges | $985,714 |
Net Land, buildings, and equipment | $57,411,646 |
Investments—publicly traded securities | $0 |
Investments—other securities | $51,904,848 |
Investments—program-related | $0 |
Intangible assets | $40,000 |
Other assets | $33,300,957 |
Total assets | $159,709,350 |
Accounts payable and accrued expenses | $13,547,799 |
Grants payable | $0 |
Deferred revenue | $11,908 |
Tax-exempt bond liabilities | $17,058,586 |
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 | $75,125,296 |
Total liabilities | $105,743,589 |
Net assets without donor restrictions | $41,012,540 |
Net assets with donor restrictions | $12,953,221 |
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 | $159,709,350 |
Over the last fiscal year, Putnam Hospital Center has awarded $20,580 in support to 2 organizations.
Grant Recipient | Amount |
---|---|
AMERICAN HEART ASSOCIATION PURPOSE: RESEARCH AND DEVELOPMENT OF CARDIAC PROGRAMS | $10,500 |
WALKWAY OVER THE HUDSON PURPOSE: SUPPORT OF WALKWAY FOR COMMUNITY | $10,080 |