Newark Wayne Community Hospital
- Assets
- $160.7m
- Revenue
- $113.8m
- Investments
- $50.2m
- Employees
- 1,171
- Location
- Newark, NY
- Founding
- 07/1952
- Data as of
- 12/2021
- EIN
- 15-0584188
Organization Overview
Newark Wayne Community Hospital is located in Newark, NY. The organization was established in 1952. 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 12/2021, Newark Wayne Community Hospital employed 1,171 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Newark Wayne Community 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 12/2021, Newark Wayne Community Hospital generated $113.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $106.7m during the year ending 12/2021. While expenses have increased by 1.1% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO OPERATE AN INPATIENT AND OUTPATIENT HOSPITAL, CLINICS AND TREATMENT CENTERS FOR THE DELIVERY OF ACUTE MEDICAL, SURGICAL AND PREVENTATIVE HEALTH CARE SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Bieber MD CEO | OfficerTrustee | 6 | $466,182 |
Serhiy Sosniyenko Physician | 40 | $433,795 | |
Arun Kumar Nagpaul MD Medical Staff President | Trustee | 40 | $397,332 |
Eve M Williams Physician | 40 | $377,268 | |
Marita Michelin Chief, Emergency Medicine | 40 | $374,534 | |
Yuliya Rehab Hospitalist | 40 | $352,930 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dga Builders Construction Services | 12/30/21 | $225,328 |
Rochester Radiology Associates Radiology Services | 12/30/21 | $155,338 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $140,411 |
| Government grants | $838,904 |
| All other contributions, gifts, grants, and similar amounts not included above | $52,637 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,031,952 |
| Total Program Service Revenue | $106,495,519 |
| Investment income | $2,137,296 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $93,371 |
| Net Gain/Loss on Asset Sales | $3,329,400 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $113,794,284 |
| 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. | $661,751 |
| Compensation of current officers, directors, key employees. | $124,159 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $51,782,189 |
| Pension plan accruals and contributions | $3,594,506 |
| Other employee benefits | $5,542,824 |
| Payroll taxes | $3,159,161 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $43,125 |
| Fees for services: Accounting | $7,500 |
| Fees for services: Lobbying | $12,731 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $13,124,094 |
| Advertising and promotion | $456 |
| Office expenses | $211,132 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,575,074 |
| Travel | $45,142 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $23,780 |
| Interest | $384,441 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,575,738 |
| Insurance | $840,875 |
| All other expenses | $10,582 |
| Total functional expenses | $106,720,259 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,037,246 |
| Savings and temporary cash investments | $6,055,536 |
| Pledges and grants receivable | $61,328 |
| Accounts receivable, net | $7,595,648 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $427,513 |
| Inventories for sale or use | $367,877 |
| Prepaid expenses and deferred charges | $426,672 |
| Net Land, buildings, and equipment | $30,152,189 |
| Investments—publicly traded securities | $27,988,443 |
| Investments—other securities | $50,215,710 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $24,368,474 |
| Total assets | $160,696,636 |
| Accounts payable and accrued expenses | $12,990,005 |
| Grants payable | $0 |
| Deferred revenue | $6,023,146 |
| Tax-exempt bond liabilities | $8,784,869 |
| Escrow or custodial account liability | $320,873 |
| 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 | $27,048,653 |
| Total liabilities | $55,167,546 |
| Net assets without donor restrictions | $103,809,741 |
| Net assets with donor restrictions | $1,719,349 |
| 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 | $160,696,636 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Newark Wayne Community Hospital has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
C H Stuart Foundation Chicago, IL PURPOSE: GENERAL | $10,000 |
Endowment Analysis
| Beg. Balance | $402,315 |
| Ending Balance | $402,315 |
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 |