Newark Wayne Community Hospital
- Assets
- $137.9m
- Revenue
- $123.1m
- Investments
- $51.1m
- Employees
- 1,258
- Location
- Newark, NY
- Founding
- 07/1952
- Data as of
- 12/2023
- 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 12/2023, Newark Wayne Community Hospital employed 1,258 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 12/2023, Newark Wayne Community Hospital generated $123.1m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $122.5m during the year ending 12/2023. While expenses have increased by 2.4% per year over the past 9 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
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 |
|---|---|---|---|
Scott Healy Chair Of The Board | OfficerTrustee | 1 | $0 |
Edward Leroux Vice Chair | OfficerTrustee | 1 | $0 |
Kaye E Stone-Gansz Treasurer | OfficerTrustee | 1 | $0 |
Richard Davis PHD CEO | OfficerTrustee | 3 | $168,120 |
Kevin Christiano Director | Trustee | 1 | $0 |
Mathew Schiralli MD Medical Staff President | Trustee | 40 | $522,469 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Healthcare Workforce Logistics Holdings Contractor | 12/30/23 | $1,855,654 |
Dga Builders Construction Services | 12/30/23 | $824,111 |
Tallavera Contractor | 12/30/23 | $789,752 |
Soliant Health Llc Contractor | 12/30/23 | $674,396 |
Justin Shaffer Contractor | 12/30/23 | $293,053 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,882,345 |
| Government grants | $7,954,485 |
| All other contributions, gifts, grants, and similar amounts not included above | $201,570 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,038,400 |
| Total Program Service Revenue | $108,477,655 |
| Investment income | $1,935,904 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,015,426 |
| Net Gain/Loss on Asset Sales | $702,988 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $123,083,320 |
| 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. | $1,316,098 |
| Compensation of current officers, directors, key employees. | $104,224 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $52,777,267 |
| Pension plan accruals and contributions | $3,327,000 |
| Other employee benefits | $5,295,610 |
| Payroll taxes | $3,275,812 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $46,447 |
| Fees for services: Accounting | $1,303 |
| Fees for services: Lobbying | $15,321 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $26,528,112 |
| Advertising and promotion | $158 |
| Office expenses | $877,229 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,498,150 |
| Travel | $38,696 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $34,812 |
| Interest | $319,050 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,509,343 |
| Insurance | $917,345 |
| All other expenses | $49,500 |
| Total functional expenses | $122,508,540 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,535 |
| Savings and temporary cash investments | $3,590,021 |
| Pledges and grants receivable | $178,889 |
| Accounts receivable, net | $7,109,606 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $60,405 |
| Inventories for sale or use | $820,137 |
| Prepaid expenses and deferred charges | $64,281 |
| Net Land, buildings, and equipment | $29,119,228 |
| Investments—publicly traded securities | $26,650,488 |
| Investments—other securities | $51,079,756 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $19,257,252 |
| Total assets | $137,933,598 |
| Accounts payable and accrued expenses | $16,561,262 |
| Grants payable | $0 |
| Deferred revenue | $105,297 |
| Tax-exempt bond liabilities | $7,961,501 |
| Escrow or custodial account liability | $321,400 |
| 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 | $21,948,865 |
| Total liabilities | $46,898,325 |
| Net assets without donor restrictions | $89,190,217 |
| Net assets with donor restrictions | $1,845,056 |
| 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 | $137,933,598 |