Pocono Ambulatory Services Inc is located in East Stroudsburg, PA. The organization was established in 1991. According to its NTEE Classification (E32) the organization is classified as: Community Clinics, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pocono Ambulatory Services Inc 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 06/2021, Pocono Ambulatory Services Inc generated $5.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.9%) each year. All expenses for the organization totaled $6.4m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (0.8%) per year over the past 6 years. 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
SUPPORT LEHIGH VALLEY HOSPITAL - POCONO BY PROVIDING SERVICES FOR AMBULATORY, OUTPATIENT SURGICAL PROCEDURES THROUGH ITS INVESTMENT IN POCONO AMBULATORY SURGERY CENTER, LTD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
POCONO AMBULATORY SERVICES, IN SUPPORT OF LEHIGH VALLEY HOSPITAL - POCONO, PROVIDES OUTPATIENT SERVICES TO ITS PATIENTS THROUGH ITS GENERAL PARTNERSHIP INTEREST IN POCONO AMBULATORY SURGERY CENTER (PASC). LEHIGH VALLEY HOSPITAL - POCONO, AN AFFILIATE OF POCONO AMBULATORY SERVICES, INC., PROVIDED SERVICES FOR AMBULATORY, OUTPATIENT SURGICAL PROCEDURES BY ALLOCATING ROOMS WHICH WERE UTILIZED FOR BOTH OUTPATIENT AND INPATIENT PROCEDURES. POCONO AMBULATORY SERVICES, INC. WAS ORGANIZED FOR THE PURPOSE OF DEVELOPING A CENTER DEDICATED TO PERFORMING OUTPATIENT PROCEDURES. IN THIS REGARD, POCONO AMBULATORY SERVICES ACQUIRED A GENERAL PARTNERSHIP INTEREST IN PASC. IN ORDER TO ENSURE THAT PASC OPERATES IN A MANNER CONSISTENT WITH THE HEALTH CARE STANDARDS AND MISSION OF THE LEHIGH VALLEY HOSPITAL - POCONO, THE PARTNERSHIP AGREEMENT EXPRESSLY PROVIDES THAT PASC WILL ADOPT AND MAINTAIN VARIOUS STANDARDS AND PRACTICES OF THE LEHIGH VALLEY HOSPITAL - POCONO. POCONO AMBULATORY SERVICES PRIMARILY OPERATES IN A MANAGEMENT CAPACITY FOR THE CENTER BY PROVIDING OUTPATIENT SERVICES IN A STATE-OF-THE-ART, COST EFFECTIVE OFFSITE FACILITY, INVOLVING SURGEONS ON STAFF AT LEHIGH VALLEY HOSPITAL - POCONO. ACCORDINGLY, THE UNINSURED AND UNDERINSURED WILL NOT BE DENIED TREATMENT, THUS ALLOWING THE OVERALL HEALTH SYSTEM TO COPE WITH THIS INCREASING SOCIAL RESPONSIBILITY. INCLUDED AMONG MULTIPLE SPECIALTY SERVICES PROVIDED BY THE CENTER ARE ORTHOPEDICS, OPHTHALMOLOGY, GYNECOLOGY, EAR, NOSE, AND THROAT, RECTAL, PODIATRY, ENDOSCOPY, GENERAL SURGERY, AND UROLOGY. POCONO AMBULATORY SERVICES INC, THROUGH PASC PERFORMED 3,814 PROCEDURES FOR THE TWELVE MONTHS ENDED 6/30/2021.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
William Cors MD Secretary | OfficerTrustee | 1 | $0 |
Christine Hayes Treasurer / Director | OfficerTrustee | 1 | $0 |
Elizabeth Wise Vice Chairperson | OfficerTrustee | 1 | $0 |
Robert Begliomini Director | Trustee | 1 | $0 |
Stephen Cunningham Former Chairperson | 1 | $0 | |
Vincent Francescangeli MD Former Director | 1 | $0 |
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 | $0 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $5,777,225 |
Investment income | -$12,141 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
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 | $5,707,004 |
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 | $1,534,995 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $371,596 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $0 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $1,322,114 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $5,098 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $314,295 |
Insurance | $0 |
All other expenses | $0 |
Total functional expenses | $6,368,351 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $847,964 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $908,209 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | -$65,640 |
Inventories for sale or use | $2,685 |
Prepaid expenses and deferred charges | $143,100 |
Net Land, buildings, and equipment | $1,776,104 |
Investments—publicly traded securities | $52,197 |
Investments—other securities | $0 |
Investments—program-related | -$100,175 |
Intangible assets | $9,659,455 |
Other assets | $0 |
Total assets | $13,223,899 |
Accounts payable and accrued expenses | $794,762 |
Grants payable | $0 |
Deferred revenue | $333,643 |
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 | $12,235,362 |
Other liabilities | $37,435 |
Total liabilities | $13,401,202 |
Net assets without donor restrictions | -$177,303 |
Net assets with donor restrictions | $0 |
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 | $13,223,899 |
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