St Peters Health Partners
- Assets
- $341.4m
- Revenue
- $186.2m
- Investments
- $55.2m
- Employees
- 579
- Location
- Albany, NY
- Founding
- 02/2013
- Data as of
- 06/2021
- EIN
- 45-3570715
Organization Overview
St Peters Health Partners is located in Albany, NY. The organization was established in 2013. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. As of 06/2021, St Peters Health Partners employed 579 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. St Peters Health Partners 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, St Peters Health Partners generated $186.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $181.9m during the year ending 06/2021. While expenses have increased by 4.8% per year over the past 6 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.
Since 2016, St Peters Health Partners has awarded 28 individual grants totaling $1,494,065. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HEALTH CARE SYSTEM MANAGEMENT AND SUPPORT
Describe the Organization's Program Activity:
Part 3 - Line 4a
ST. PETER'S HEALTH PARTNERS WAS CREATED IN 2011 THROUGH THE MERGER OF SETON HEALTH, NORTHEAST HEALTH AND ST. PETER'S HEALTH CARE SERVICES. ST. PETER'S HEALTH PARTNERS PROVIDES OVERSIGHT AND SUPPORT TO ITS TAX-EXEMPT SUBSIDIARIES WHICH SERVE A NUMBER OF DIVERSE COMMUNITIES THROUGHOUT THE GREATER CAPITAL REGION OF UPSTATE NEW YORK. THESE SUBSIDIARIES PROVIDE A VAST ARRAY OF HOSPITAL SERVICES, SENIOR CARE AND SERVICES, REHABILITATION, SPECIALTY SERVICES AND SENIOR LIVING OPTIONS. ST. PETER'S HEALTH PARTNERS GOVERNS, MANAGES, AND PROVIDES LONG-RANGE STRATEGIC PLANNING, FINANCIAL, LEGAL AND OTHER EXPERTISE AND SUPPORT SERVICES TO ITS SUBSIDIARIES. AS A RESULT OF THESE SERVICES, ST. PETER'S HEALTH PARTNERS HELPS ITS CONSTITUENT ENTITIES ACHIEVE THEIR OBJECTIVE OF PROVIDING STATE-OF-THE-ART SERVICES TO MANY SEGMENTS OF THE COMMUNITY.PLEASE VISIT OUR WEBSITE FOR ADDITIONAL INFORMATION:WWW.SPHP.COM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Miles Chief Medical Officer Aco/cin | 40 | $355,627 | |
Denise Mormino Cao/cfo Small Component Corps. | Officer | 44 | $244,946 |
Victor Becker MD Vp, Chief Health Informatics Officer | 40 | $14,164 | |
James Reed MD Director; President & CEO | OfficerTrustee | 26 | $0 |
Gary Dake Director; Chair Through 12/20 | OfficerTrustee | 0.5 | $0 |
Robert Mccormick Director; Chair As Of 1/21 | OfficerTrustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Blaze Advisors Llc Consulting Services | 6/29/21 | $261,277 |
Foley & Lardner Llp Legal Services | 6/29/21 | $225,492 |
Crosstown Courier Services Inc Courier Services | 6/29/21 | $794,533 |
Cdi Capital District Interpreters Interpretation Services | 6/29/21 | $215,395 |
Aow Associates Inc Construction Services | 6/29/21 | $183,430 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $714,144 |
| Government grants | $455,689 |
| All other contributions, gifts, grants, and similar amounts not included above | $147,583 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,317,416 |
| Total Program Service Revenue | $176,371,959 |
| Investment income | $2,852,126 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $218,831 |
| Net Gain/Loss on Asset Sales | $5,408,493 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $186,168,825 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $150,497 |
| 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. | $2,932,540 |
| Compensation of current officers, directors, key employees. | $2,932,540 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $34,033,317 |
| Pension plan accruals and contributions | $1,030,472 |
| Other employee benefits | $3,550,777 |
| Payroll taxes | $2,332,210 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $767,690 |
| Fees for services: Accounting | $47,236 |
| Fees for services: Lobbying | $90,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $167,696 |
| Fees for services: Other | $27,743,294 |
| Advertising and promotion | $2,347,931 |
| Office expenses | $6,627,540 |
| Information technology | $45,302,279 |
| Royalties | $0 |
| Occupancy | $749,469 |
| Travel | $64,105 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,416 |
| Interest | $17,946 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,716,905 |
| Insurance | $12,537,692 |
| All other expenses | $1,567,098 |
| Total functional expenses | $181,917,211 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $39,376 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $304,834 |
| Accounts receivable, net | $1,203,447 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $45,548 |
| Prepaid expenses and deferred charges | $586,787 |
| Net Land, buildings, and equipment | $50,025,934 |
| Investments—publicly traded securities | $105,301,109 |
| Investments—other securities | $55,230,229 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $128,638,006 |
| Total assets | $341,375,270 |
| Accounts payable and accrued expenses | $20,650,715 |
| Grants payable | $0 |
| Deferred revenue | $6,798 |
| 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 | $0 |
| Other liabilities | $62,099,414 |
| Total liabilities | $82,756,927 |
| Net assets without donor restrictions | $258,444,369 |
| Net assets with donor restrictions | $173,974 |
| 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 | $341,375,270 |
Grants Awarded
Over the last fiscal year, St Peters Health Partners has awarded $150,497 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Albany, NY PURPOSE: SOCCER FOR SUCCESS PROGRAM | $75,000 |
Albany, NY PURPOSE: PROGRAM SUPPORT - ADDRESSING PUBLIC HEALTH PROBLEMS | $65,497 |
Albany, NY PURPOSE: DOMESTIC VIOLENCE HOUSING PROGRAM | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that St Peters Health Partners has recieved totaling $814,144.
| Awarding Organization | Amount |
|---|---|
St Peters Hospital Foundation Inc Albany, NY PURPOSE: GENERAL SUPPORT | $562,278 |
Cornell University Foundation Ithaca, NY PURPOSE: IN FURTHERANCE OF THE ORGANIZATION'S TAX EXEMPT MISSION | $100,000 |
Northeast Health Foundation Inc Albany, NY PURPOSE: GENERAL SUPPORT | $81,866 |
Trinity Health Corporation Livonia, MI PURPOSE: COMMUNITY WELFARE - IT STARTS HERE GRANT | $70,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cape Cod Healthcare Inc Hyannis, MA | $1,256,505,571 | $986,611,618 |
St Josephs Health System Subordinate Group Return Paterson, NJ | $1,081,595,215 | $963,799,571 |
Atlanticare Health System Inc Egg Harbor Township, NJ | $1,893,827,880 | $909,225,575 |
Geisinger System Services Danville, PA | $1,398,222,343 | $715,016,181 |
Hartford Health Care Corporation Hartford, CT | $2,668,436,051 | $551,640,424 |
Bon Secours Charity Health System Affiliated Group Suffern, NY | $223,032,633 | $606,730,244 |
Highmark Health Pittsburgh, PA | $708,603,703 | $583,319,053 |
Hackensack Meridian Health Inc Edison, NJ | $279,460,343 | $549,822,020 |
Wellspan Health York, PA | $671,523,886 | $507,378,748 |
St Clair Health Corporation Pittsburgh, PA | $808,105,796 | $406,482,026 |
Wyckoff Heights Medical Center Brooklyn, NY | $318,132,023 | $364,136,906 |
Albany Medical Center Glens Falls, NY | $356,058,419 | $346,451,670 |