Ryder Memorial Hospital Inc
- Assets
- $29.8m
- Revenue
- $50.1m
- Investments
- $0.0
- Employees
- 507
- Location
- Humacao, PR
- Founding
- 06/1969
- Data as of
- 12/2022
- EIN
- 66-0258919
Organization Overview
Ryder Memorial Hospital Inc is located in Humacao, PR. The organization was established in 1969. 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, Ryder Memorial Hospital Inc employed 507 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ryder Memorial Hospital 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 12/2022, Ryder Memorial Hospital Inc generated $50.1m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $52.2m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.1%) per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE HOSPITAL PROVIDES NEEDED HEALTH CARE SERVICES TO THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION IS A NON-PROFIT HOSPITAL ORGANIZED UNDER THE LAWS OF THE GOVERNMENT OF PUERTO RICO WHICH PROVIDES INPATIENT AND OUTPATIENT SERVICES, INCLUDING EMERGENCY SERVICES. THE SERVICES ARE PROVIDED PRIMARILY TO THE POPULATION UNDER THE MEDICARE PROGRAM, PUERTO RICO HEALTH REFORM PROGRAM AND COMMERCIAL INSURANCE CARRIERS. FOR THE YEAR ENDED DECEMBER 31, 2022, HOSPITAL INPATIENT ADMISSIONS WERE 3,449, AN INCREASE OF 346 ADMISSIONS COMPARED WITH YEAR 2021. PATIENT DAYS AMOUNTED TO 22,454.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deane Hallman Medical Dire | Officer | 40 | $145,850 |
Carmen Coln Melndez Executive Di | Officer | 40 | $117,350 |
Wanda Barreto Martinez Finance Dire | Officer | 40 | $102,311 |
Mayra V Estrella Perez Valdieso Legal Adviso | Officer | 40 | $75,350 |
Lourdes Martinez Rodriguez Administrato | Officer | 40 | $38,944 |
Adelia I Acevedo Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
New Medical Education Servs Medical | 12/30/19 | $1,883,050 |
Ac Technical Services Corp Construction | 12/30/19 | $865,637 |
Adjusters International Insurance Advis | 12/30/19 | $629,840 |
Antilles Cleaning Service Inc Cleaning Serv | 12/30/19 | $559,641 |
Star Mec Contractors Inc Construction | 12/30/19 | $384,009 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $50,323,983 |
| Investment income | -$258,301 |
| 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 | $50,065,682 |
| 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. | $479,805 |
| Compensation of current officers, directors, key employees. | $479,805 |
| Compensation to disqualified persons | $14,046,272 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $184,674 |
| Other employee benefits | $520,109 |
| Payroll taxes | $1,476,584 |
| 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 | $5,288,852 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $710,966 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,775,298 |
| Insurance | $1,453,757 |
| All other expenses | $802,509 |
| Total functional expenses | $52,203,080 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,246,915 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,639,746 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $688,068 |
| Prepaid expenses and deferred charges | $362,473 |
| Net Land, buildings, and equipment | $19,011,835 |
| Investments—publicly traded securities | $13,304 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,861,137 |
| Total assets | $29,823,478 |
| Accounts payable and accrued expenses | $13,855,312 |
| 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 | $0 |
| Other liabilities | $8,425,003 |
| Total liabilities | $22,280,315 |
| Net assets without donor restrictions | $7,543,163 |
| 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 | $29,823,478 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hospital De La Concepcion Inc San German, PR | $103,342,046 | $94,733,146 |
Ryder Memorial Hospital Inc Humacao, PR | $29,823,478 | $50,065,682 |
Sociedad Espanola De Auxilio Mutuo Y Beneficencia De Puerto Rico San Juan, PR | $224,233,502 | $43,031,376 |
Hospital General De Castaner Inc Castaner, PR | $38,753,442 | $34,006,521 |
Hospital San Carlos Incorporado Moca, PR | $17,992,418 | $24,009,861 |
Liga Puertorriquena Contra El Cancer San Juan, PR | $42,991,312 | $25,120,171 |
Steven Anthony Childrens Hospital Ponce, PR | $1,837 | $0 |