Canton-Potsdam Hospital
- Assets
- $209.3m
- Revenue
- $242.3m
- Investments
- $0.0
- Employees
- 1,567
- Location
- Potsdam, NY
- Founding
- 09/1973
- Data as of
- 12/2021
- EIN
- 16-1012691
Organization Overview
Canton-Potsdam Hospital is located in Potsdam, NY. The organization was established in 1973. 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, Canton-Potsdam Hospital employed 1,567 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Canton-Potsdam 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, Canton-Potsdam Hospital generated $242.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $227.3m during the year ending 12/2021. While expenses have increased by 6.5% 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
CANTON-POTSDAM HOSPITAL'S MISSION IS TO PROVIDE SKILLED, COMPASSIONATE, COST-EFFECTIVE CARE THAT PROMOTES WELLNESS AND MEETS COMMUNITY NEEDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACUTE - CANTON-POTSDAM HOSPITAL HAS A TOTAL OF 94 LICENSED BEDS, COMPRISED OF 17 FOR CHEMICAL DEPENDENCY REHABILITATION, 6 FOR INTENSIVE CARE, 8 FOR MATERNITY AND 63 FOR MEDICAL/SURGICAL. PROFESSIONAL STAFF COVERAGE FOR OUR IN-PATIENT CENSUS IS PROVIDED BY A HOSPITALIST PROGRAM. TOTAL PATIENT DAYS INCREASED BY 25.94% FROM 2020 TO 2021. OBSERVATION CASES DECREASED BY 16.19% FROM 2020 TO 2021. EMERGENCY ROOM VISITS INCREASED BY 0.05%. OVERALL VOLUME INCREASES ARE DUE TO REDUCTION OF COVID-19 RESTRICTIONS IN 2021.
HOSPITAL BASED CLINICS - IN 2021 THERE WAS 211,345 VISITS COMPARED TO 178,769 IN 2020. THIS 18.27% INCREASE IS DUE TO THE REDUCTION OF COVID-19 RESTRICTIONS IN 2021.
OPERATING ROOM & AMBULATORY SURGERY - IN 2021 THE OPERATING ROOM NUMBER OF CASES INCREASED BY APPROXIMATELY 14.29% COMPARED TO 2020. THIS VOLUME INCREASE IS DUE TO DIMINISHED COVID-19 RESTRICTIONS.
EMERGENCY ROOM - EMERGENCY ROOM VISITS INCREASED BY 0.05%. OVERALL VOLUME INCREASES ARE DUE TO REDUCTION OF COVID-19 RESTRICTIONS IN 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hung Chin Ho Physician | 40 | $1,212,261 | |
Kris Vanwagner Physician | 40 | $875,694 | |
Thomas Kneifel Physician | 40 | $772,144 | |
Robert Cummings Jr Physician | 40 | $768,023 | |
Rajiz Shah Physician | 40 | $734,322 | |
Michael Tulloch MD Director | Trustee | 40 | $242,807 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mayo Collaborative Services Inc Lab Services | 12/30/21 | $2,400,006 |
Weatherby Locums Inc Staffing | 12/30/21 | $1,408,447 |
Comphealth Staffing | 12/30/21 | $1,295,544 |
Labcorp Lab Services | 12/30/21 | $1,091,444 |
Medefis Inc Health Care Mgmt | 12/30/21 | $1,077,847 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $60,129 |
| Government grants | $254,128 |
| All other contributions, gifts, grants, and similar amounts not included above | $468,336 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $782,593 |
| Total Program Service Revenue | $215,855,520 |
| Investment income | $137,323 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $183,173 |
| Net Gain/Loss on Asset Sales | $367,890 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $242,313,726 |
| 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. | $295,480 |
| Compensation of current officers, directors, key employees. | $29,548 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $109,335,922 |
| Pension plan accruals and contributions | $2,059,847 |
| Other employee benefits | $13,206,666 |
| Payroll taxes | $6,503,940 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $92,304 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $17,315 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $37,059,954 |
| Advertising and promotion | $812,966 |
| Office expenses | $3,685,983 |
| Information technology | $846,843 |
| Royalties | $0 |
| Occupancy | $4,842,333 |
| Travel | $445,886 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $728,853 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,527,163 |
| Insurance | $3,848,788 |
| All other expenses | $623,033 |
| Total functional expenses | $227,347,679 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,497,945 |
| Savings and temporary cash investments | $13,558,459 |
| Pledges and grants receivable | $82,169 |
| Accounts receivable, net | $22,758,374 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,034,908 |
| Prepaid expenses and deferred charges | $1,771,503 |
| Net Land, buildings, and equipment | $46,826,295 |
| Investments—publicly traded securities | $719,757 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $110,045,829 |
| Total assets | $209,295,239 |
| Accounts payable and accrued expenses | $25,572,050 |
| Grants payable | $0 |
| Deferred revenue | $13,008,160 |
| Tax-exempt bond liabilities | $7,530,306 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,041,766 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $34,426,909 |
| Total liabilities | $81,579,191 |
| Net assets without donor restrictions | $126,996,290 |
| Net assets with donor restrictions | $719,758 |
| 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 | $209,295,239 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Canton-Potsdam Hospital has recieved totaling $156,500.
| Awarding Organization | Amount |
|---|---|
Capital District Physicians Health Plan Inc Albany, NY PURPOSE: PPE, FOOD, HOUSING AND EMERGENCY AID ASSISTANCE | $100,000 |
Capital District Physicians Health Plan Inc Albany, NY PURPOSE: PPE, FOOD, HOUSING AND EMERGENCY AID ASSISTANCE | $25,000 |
Capital District Physicians Health Plan Inc Albany, NY PURPOSE: PPE, FOOD, HOUSING AND EMERGENCY AID ASSISTANCE | $25,000 |
Redwall Foundation Inc Burlington, VT PURPOSE: MEDICAL RESEARCH | $5,000 |
Kinney Drugs Foundation Inc Gouverneur, NY PURPOSE: SPONSORSHIP OF ANNUAL GOLF TOURNAMENT | $1,500 |
Endowment Analysis
| Beg. Balance | $1,041,596 |
| Earnings | $47,358 |
| Ending Balance | $1,088,954 |
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 |