Mohawk Valley Health System
- Assets
- $546.1m
- Revenue
- $137.5m
- Investments
- $266.0k
- Employees
- 0
- Location
- Utica, NY
- Founding
- 10/1991
- Data as of
- 12/2021
- EIN
- 22-3124162
Organization Overview
Mohawk Valley Health System is located in Utica, NY. The organization was established in 1991. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mohawk Valley Health System 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, Mohawk Valley Health System generated $137.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 44.9% each year . All expenses for the organization totaled $12.1m during the year ending 12/2021. While expenses have increased by 2.0% 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 PROVIDE FOR EXCELLENCE IN HEALTHCARE FOR OUR COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO IMPROVE THE QUALITY OF SERVICES DELIVERED BY THE HOSPITALS AND OTHER TAX-EXPEMPT AFFILIATES WHICH ARE HEALTH CARE PROVIDERS WHILE AVOIDING DUPLICATION OF EFFORT AND FOSTERING ECONOMIES OF SCALE.
PROVIDES MEDICAID MANAGED CARE TO SENIORS LOCATED IN ONEIDA AND HERKIMER COUNTIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Darlene Stromstad President/ceo | Officer | 1 | $0 |
Kent Hall MD Cmo | Officer | 1 | $0 |
Louis Aiello Sr Vp/cfo | Officer | 1 | $0 |
Mansoor Shahid Sr Vp/ COO | Officer | 1 | $0 |
Gregory Evans Chair | Officer | 0.5 | $0 |
Richard Zweifel Treasurer | Officer | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $124,507,071 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $124,507,071 |
| Total Program Service Revenue | $12,892,153 |
| Investment income | $51,869 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $2,970 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $137,473,732 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,623,523 |
| Pension plan accruals and contributions | $44,874 |
| Other employee benefits | $402,851 |
| Payroll taxes | $0 |
| Fees for services: Management | $77,864 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $62,513 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,034,134 |
| Advertising and promotion | $650 |
| Office expenses | $17,264 |
| Information technology | $99,457 |
| Royalties | $0 |
| Occupancy | $132,549 |
| Travel | $5,971 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $328,009 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $73,855 |
| Insurance | $47,896 |
| All other expenses | $0 |
| Total functional expenses | $12,142,340 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $344,667 |
| Savings and temporary cash investments | $7,044,960 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $166,949 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $296,651,706 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $266,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $241,675,236 |
| Total assets | $546,149,518 |
| Accounts payable and accrued expenses | $27,154,328 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $283,311,122 |
| Other liabilities | $6,085,623 |
| Total liabilities | $316,551,073 |
| Net assets without donor restrictions | $6,242,156 |
| Net assets with donor restrictions | $223,356,289 |
| 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 | $546,149,518 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Mohawk Valley Health System has recieved totaling $2,542,760.
| Awarding Organization | Amount |
|---|---|
Wynn Family Foundation Inc Miami, FL PURPOSE: GENERAL FUND | $2,500,000 |
Youthbuild Usa Inc Roxbury, MA PURPOSE: TO CREATE A SOLID MENTORING COMPONENT IN YOUTHBUILD PROGRAMS.TO SUPPORT BUIL | $22,760 |
J M Mcdonald Foundation Inc Wilmington, DE PURPOSE: TRANSFORMING HEALTHCARE: THE CAMPAIGN FOR THE MOHAWK VALLEY HEALTH SYSTEM | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Global Associations Of Risk Proffesionals Inc Jersey City, NJ | $66,882,119 | $55,059,565 |
Ll Global Inc Of Connecticut Windsor, CT | $82,107,687 | $49,999,799 |
Natural Diamond Council Usa Inc New York, NY | $2,361,726 | $45,450,043 |
Better Health For Northeast New York Inc Albany, NY | $1,699,036 | $0 |
Hamaspik Of Orange County Inc Monroe, NY | $56,250,916 | $69,931,985 |
International Council Of Shopping Centers Inc New York, NY | $167,282,013 | $15,292,706 |
Housing Works Inc Brooklyn, NY | $30,231,683 | $31,989,444 |
Workers Compensation Security Fund Basking Ridge, NJ | $229,766,675 | $28,644,741 |
Key Human Services Inc Wethersfield, CT | $14,644,434 | $25,649,507 |
Network Inc Andover, CT | $11,161,726 | $23,443,256 |
Broadway Cares-Equity Fights Aids Inc New York, NY | $15,399,806 | $32,018,599 |
Institute Of Management Accountants Inc Montvale, NJ | $66,070,856 | $22,842,202 |