Guthrie Cortland Medical Center
- Assets
- $104.6m
- Revenue
- $96.2m
- Investments
- $0.0
- Employees
- 1,060
- Location
- Cortland, NY
- Founding
- 09/1957
- Data as of
- 06/2021
- EIN
- 15-0532079
Organization Overview
Guthrie Cortland Medical Center is located in Cortland, NY. The organization was established in 1957. 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 06/2021, Guthrie Cortland Medical Center employed 1,060 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Guthrie Cortland 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 06/2021, Guthrie Cortland Medical Center generated $96.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $95.9m during the year ending 06/2021. While expenses have increased by 1.5% 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
GUTHRIE CORTLAND MEDICAL CENTER PROVIDES QUALITY HEALTHCARE WITH SKILL & COMPASSION, MEETING THE LIFELONG NEEDS OF ALL CITIZENS OF CORTLAND & THE SURROUNDING COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GUTHRIE CORLTAND MEDICAL CENTER IS DEDICATED TO SERVING THE LIFELONG HEALTH CARE NEEDS OF CORTLAND AND THE SURROUNDING AREA. AS A TEAM-ORIENTED COMMUNITY HEALTH AND MEDICAL ORGANIZATION, GUTHRIE CORTLAND MEDICAL CENTER PROVIDES QUALITY CARE, SKILL AND COMPASSION TO ALL PEOPLE REGARDLESS OF THEIR ABILITY TO PAY. OUR HOSPITAL IS COMMITTED TO: - IMPROVING THE WELLNESS OF THE COMMUNITY THROUGH LEADERSHIP IN HEALTH-RELATED ACTIVITIES AND EDUCATION. - SUPPORTING AND PRESERVING THE PERSONAL AND PROFESSIONAL GROWTH OF OUR QUALITY HEALTH-CARE TEAM, THEREBY PROVIDING STIMULATING ENVIRONMENT FOR ALL EMPLOYEES. - RECRUITING AND RETAINING QUALITY HEALTHCARE PROFESSIONALS. - COOPERATING WITH OTHER HEALTHCARE PROVIDERS,REGULATORY AGENCIES, AND INSURANCE COMPANIES TO ADVANCE OUR SERVICE TO EVERY MEMBER OF THE COMMUNITY. - MAINTAINING THE HOSPITALS FINANCIAL VIABILITY FOR THE WELL-BEING OF THE COMMUNITY. - ACQUIRING AND MAINTAINING EQUIPMENT REQUIRED TO PROVIDE QUALITY CARE. - ENCOURAGING THE ACTIVE PARTICIPATION OF COMMUNITY MEMBERS IN A VOLUNTEER CAPACITY IN ORDER TO AUGMENT OUR SERVICES. GUTHRIE CORTLAND MEDICAL CENTER IS A VOLUNTARY, NOT-FOR-PROFIT CORPORATION. THE MEDICAL CENTER PROVIDES HEALTH CARE SERVICES OF PREVENTIVE, CURATIVE AND EDUCATIONAL NATURE. THE PRIMARY SERVICES PROVIDED ARE: ACUTE MEDICAL INPATIENT CARE (INCLUDING MATERNITY), PSYCHIATRIC INPATIENT CARE, RESIDENTIAL CARE (SKILLED NURSING FACILITY), EMERGENCY ROOM, AMBULATORY SURGERY, OUTPATIENT DIAGNOSTIC SERVICES, LONG TERM HOME HEALTH CARE PROGRAM, COMMUNITY HEALTH WELLNESS SCREENING, ADULT DAY CARE AND CLINIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Webster Former Officer | 0 | $415,550 | |
Denise J Wrinn VP Of Finance/cfo | Officer | 55 | $260,118 |
Mary L Wright VP Nursing Services/cno | Officer | 55 | $211,385 |
Robert J Duthe Chief Operating Officer | Officer | 55 | $150,456 |
Matthew D Denniston Director Of Pharmacy | 55 | $142,126 | |
Christina Denniston Pharmacist | 55 | $141,967 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mckesson Corporation Medical It | 6/29/21 | $4,897,936 |
Transamerica Corporation Retirement Mgmt | 6/29/21 | $3,324,277 |
Quest Diagnostics Laboratory | 6/29/21 | $2,220,179 |
Cross Country Staffing Staffing | 6/29/21 | $1,525,550 |
Laboratory Corp Of America Laboratory | 6/29/21 | $1,409,470 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $13,926 |
| Government grants | $8,651,393 |
| All other contributions, gifts, grants, and similar amounts not included above | $531,122 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,196,441 |
| Total Program Service Revenue | $86,288,515 |
| Investment income | $248,183 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $168,654 |
| Net Gain/Loss on Asset Sales | $153,650 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $96,207,960 |
| 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. | $1,147,035 |
| Compensation of current officers, directors, key employees. | $348,602 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $38,690,042 |
| Pension plan accruals and contributions | $1,281,138 |
| Other employee benefits | $8,291,232 |
| Payroll taxes | $2,369,221 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $32,606 |
| Fees for services: Accounting | $18,025 |
| Fees for services: Lobbying | $99,496 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $40,314 |
| Fees for services: Other | $19,493,810 |
| Advertising and promotion | $53,106 |
| Office expenses | $1,815,427 |
| Information technology | $930,435 |
| Royalties | $0 |
| Occupancy | $1,575,186 |
| Travel | $66,588 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $140 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,591,159 |
| Insurance | $1,825,215 |
| All other expenses | $159,657 |
| Total functional expenses | $95,923,050 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $495 |
| Savings and temporary cash investments | $23,563,462 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,073,039 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,047,124 |
| Prepaid expenses and deferred charges | $1,368,042 |
| Net Land, buildings, and equipment | $58,214,549 |
| Investments—publicly traded securities | $12,261,853 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,076,629 |
| Total assets | $104,605,193 |
| Accounts payable and accrued expenses | $12,676,880 |
| Grants payable | $0 |
| Deferred revenue | $147,802 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $29,819,365 |
| Total liabilities | $42,644,047 |
| Net assets without donor restrictions | $61,800,828 |
| Net assets with donor restrictions | $160,318 |
| 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 | $104,605,193 |
Endowment Analysis
| Beg. Balance | $141,360 |
| Earnings | $14,551 |
| Net Contributions | $4,407 |
| Ending Balance | $160,318 |
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 |