Rome Memorial Hospital Inc
- Assets
- $75.3m
- Revenue
- $111.5m
- Investments
- $0.0
- Employees
- 1,094
- Location
- Rome, NY
- Founding
- 06/1995
- Data as of
- 12/2022
- EIN
- 16-1471634
Organization Overview
Rome Memorial Hospital Inc, operating under the name Rome Health, is located in Rome, NY. The organization was established in 1995. 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 12/2022, Rome Health employed 1,094 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rome Health 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 12/2022, Rome Health generated $111.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $114.1m during the year ending 12/2022. While expenses have increased by 3.8% per year over the past 8 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE QUALITY HEALTHCARE WITH COMPASSION.
Describe the Organization's Program Activity:
INPATIENT CARE SERVICES, INPATIENT NURSING UNITS CONSIST OF THE FOLLOWING:INTENSIVE CARE-2ND FLOOR, MATERNITY-4TH FLOOR, 2 EAST MEDICAL/SURGICAL-2ND FLOOR, 2 NORTH MEDICAL/SURGICAL WITH CARDIAC MONITORING-2ND FLOOR, PEDIATRICS-2ND FLOOR, AND SENIOR BEHAVIORAL HEALTH- 2ND FLOOR.2022 INPATIENT DISCHARGES: 3,8302022 BIRTHS: 6362022 PATIENT DAYS: 15,801
ALL SERVICES TO PROVIDE QUALITY, COMPASSIONATE CARE IN A SAFE ENVIRONMENT TO SERVE THE HEALTHCARE NEEDS OF THE PEOPLE OF ROME AND THE SURROUNDING COMMUNITIES.
RESIDENTIAL HEALTHCARE FACILITY (RHCF)BECAUSE OF OUR COMMITTMENT TO SERVE THE UNIQUE NEEDS OF SENIORS, WE HAVE AN 80-BED RESIDENTIAL HEALTH CARE FACILITY AND 12 BED INPATIENT UNIT FOR SENIOR BEHAVIORAL HEALTHCARE FACILITY. OUR RESIDENTIAL HEALTHCARE FACILITY CONSISTS OF THE FOLLOWING: LONG-TERM NURSING HOME CARE, SHORT-TERM SUB-ACUTE REHABILITATION, AND RESPITE CARE- ALL LOCATED ON THE 3RD FLOOR.2022 PATIENT DAYS = 17,9672022 OCCUPANCY PERCENTAGE = 85.57%
EMERGENCY DEPARTMENT (ED)ROME MEMORIAL HOSPITAL EMERGENCY DEPARTMENT IS A SAFETY NET FOR THE MOST VULNERABLE POPULATIONS IN THE COMMUNITY. IN 2022, APPROXIMATELY 47.30% OF THE PATIENTS TREATED WERE LISTED AS UNINSURED OR UNDER INSURED. FOR LOWER LEVEL EMERGENCY DEPARTMENT VISITS, THIS POPULATION REPRESENTED 60.30% OF THE VISITS BECAUSE MANY PRIMARY CARE PHYSICIANS DO NOT ACCEPT MEDICAID.2022 ED ADMISSIONS: 3,0872022 ED VISITS: 25,606
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ankur Desai MD Chairman | OfficerTrustee | 2 | $0 |
Lynn Reese Vice Chairman | OfficerTrustee | 2 | $0 |
Darlene Burns Secretary | OfficerTrustee | 2 | $0 |
Julie Grow-Denton Treasurer | OfficerTrustee | 2 | $0 |
David Nolan Director | Trustee | 2 | $0 |
Donald Hanson Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Davin Healthcare Nurse Staffing | 12/30/22 | $10,060,769 |
Lab Corp (Centrex Clinical Labs) Lab Services | 12/30/22 | $2,413,388 |
Medical Solutions Nurse Staffing | 12/30/22 | $2,068,636 |
St Joseph's Physicians Physicans | 12/30/22 | $659,551 |
Premier Anesthesia Anesthesia Services | 12/30/22 | $1,688,332 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,602,542 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,781,325 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,383,867 |
| Total Program Service Revenue | $95,719,031 |
| Investment income | $236,132 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $17,603 |
| Net Gain/Loss on Asset Sales | -$123,883 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $111,459,733 |
| 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. | $257,582 |
| Compensation of current officers, directors, key employees. | $257,582 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $40,199,110 |
| Pension plan accruals and contributions | $390,291 |
| Other employee benefits | $4,289,183 |
| Payroll taxes | $3,089,528 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $235,960 |
| Fees for services: Accounting | $30,600 |
| Fees for services: Lobbying | $13,332 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $35,435 |
| Fees for services: Other | $26,336,857 |
| Advertising and promotion | $93,713 |
| Office expenses | $470,981 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $819,147 |
| Travel | $106,038 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $114,486 |
| Interest | $17,821 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,619,287 |
| Insurance | $1,441,988 |
| All other expenses | $8,759,384 |
| Total functional expenses | $114,123,888 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $613,605 |
| Savings and temporary cash investments | $6,417,755 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,099,880 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,532,907 |
| Inventories for sale or use | $2,542,229 |
| Prepaid expenses and deferred charges | $5,249,485 |
| Net Land, buildings, and equipment | $36,946,835 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,913,111 |
| Total assets | $75,315,807 |
| Accounts payable and accrued expenses | $25,040,341 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $221,225 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $10,070,385 |
| Total liabilities | $35,331,951 |
| Net assets without donor restrictions | $31,937,789 |
| Net assets with donor restrictions | $8,046,067 |
| 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 | $75,315,807 |