Rome Memorial Hospital Inc
- Assets
- $72.8m
- Revenue
- $103.4m
- Investments
- $0.0
- Employees
- 1,177
- Location
- Rome, NY
- Founding
- 06/1995
- Data as of
- 12/2021
- 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 12/2021, Rome Health employed 1,177 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 12/2021, Rome Health generated $103.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $96.6m during the year ending 12/2021. While expenses have increased by 1.9% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
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.2021 INPATIENT DISCHARGES: 3,7212021 BIRTHS: 7262021 PATIENT DAYS: 15,114
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.2021 PATIENT DAYS = 16,1242021 OCCUPANCY PERCENTAGE = 78.88%
EMERGENCY DEPARTMENT (ED)ROME MEMORIAL HOSPITAL EMERGENCY DEPARTMENT IS A SAFETY NET FOR THE MOST VULNERABLE POPULATIONS IN THE COMMUNITY. IN 2021, APPROXIMATELY 44.80% OF THE PATIENTS TREATED WERE LISTED AS UNINSURED OR UNDER INSURED. FOR LOWER LEVEL EMERGENCY DEPARTMENT VISITS, THIS POPULATION REPRESENTED 58.10% OF THE VISITS BECAUSE MANY PRIMARY CARE PHYSICIANS DO NOT ACCEPT MEDICAID.2021 ED ADMISSIONS: 2,7562021 ED VISITS: 25,506
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dewey Rowlands CFO | Officer | 48 | $257,682 |
Sharmila Ravindranathan Hospitalist | 55 | $223,613 | |
Samantha Vining Cno | 55 | $196,539 | |
Mark Rowan Sio | 55 | $187,502 | |
Ryan Thompson COO | 44 | $143,935 | |
Michael Attilio VP Physician Practices | 11 | $38,522 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Labcorp Lab Services | 12/30/21 | $7,363,740 |
Davin Healthcare Nurse Staffing | 12/30/21 | $1,482,917 |
Premier Anesthesia Hospitalist Services | 12/30/21 | $1,501,048 |
Qandah Nicholas Physician | 12/30/21 | $601,667 |
Allscripts Healthcare Healthcare It | 12/30/21 | $456,761 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $7,533,081 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,078,633 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,611,714 |
| Total Program Service Revenue | $90,975,099 |
| Investment income | $172,490 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $48,484 |
| Net Gain/Loss on Asset Sales | $4,378 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $103,415,729 |
| 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. | $263,839 |
| Compensation of current officers, directors, key employees. | $263,839 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $35,469,336 |
| Pension plan accruals and contributions | $304,133 |
| Other employee benefits | $3,709,513 |
| Payroll taxes | $2,796,822 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $144,181 |
| Fees for services: Accounting | $78,000 |
| Fees for services: Lobbying | $11,476 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $17,913 |
| Fees for services: Other | $19,169,411 |
| Advertising and promotion | $65,597 |
| Office expenses | $401,541 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $868,595 |
| Travel | $45,570 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $51,407 |
| Interest | $33,917 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,736,523 |
| Insurance | $1,242,905 |
| All other expenses | $7,117,411 |
| Total functional expenses | $96,622,255 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,527,048 |
| Savings and temporary cash investments | $15,529,499 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,008,053 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,747,317 |
| Inventories for sale or use | $2,560,054 |
| Prepaid expenses and deferred charges | $3,238,078 |
| Net Land, buildings, and equipment | $24,566,571 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,630,086 |
| Total assets | $72,806,706 |
| Accounts payable and accrued expenses | $17,923,348 |
| 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 | $350,331 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $14,614,374 |
| Total liabilities | $32,888,053 |
| Net assets without donor restrictions | $36,153,985 |
| Net assets with donor restrictions | $3,764,668 |
| 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 | $72,806,706 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Rome Memorial Hospital Inc has recieved totaling $65,465.
| Awarding Organization | Amount |
|---|---|
National Association For The Exchange Of Industrial Resources I Galesburg, IL PURPOSE: CARE OF ILL, NEEDY, OR MINOR | $49,465 |
Rome Community Foundation Rome, NY PURPOSE: NON-INVASIVE VENTILATOR | $16,000 |
Endowment Analysis
| Beg. Balance | $1,640,995 |
| Earnings | $2,123,674 |
| Ending Balance | $3,764,669 |
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 |