Corporacion De Salud Asegurada Por Nuestra Organizacion Solidaria Inc
- Assets
- $9.4m
- Revenue
- $34.1m
- Investments
- $0.0
- Employees
- 149
- Location
- Caguas, PR
- Founding
- 04/2009
- Data as of
- 06/2023
- EIN
- 66-0671421
Organization Overview
Corporacion De Salud Asegurada Por Nuestra Organizacion Solidaria Inc, operating under the name Corporacion SANOS Inc, is located in Caguas, PR. The organization was established in 2009. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. As of 06/2023, Corporacion SANOS Inc employed 149 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Corporacion SANOS 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 06/2023, Corporacion SANOS Inc generated $34.1m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 19.2% each year . All expenses for the organization totaled $32.3m during the year ending 06/2023. While expenses have increased by 18.5% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
WE ARE AN INTEGRATED AND INNOVATIVE CARE MODEL CENTERED IN THE HEALTH AND WELL-BEING OF OUR PEOPLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRIMARY HEALTH CARE - PROVIDES AN INTEGRATION OF PRIMARY AND MENTAL HEALTH SERVICES INCLUDING VACCINATION SERVICES TO ALL THE POPULATION OF CAGUAS AND SURROUNDING MUNICIPALITIES. ALSO, SANOS HAS AN EMERGENCY ROOM AND ANCILLIARY SERVICES INCLUDING CLINICAL LABORATORY AND XRAY.
EMERGENCY PREPAREDNESS
EDUCATION AND PREVENTION - HEALTH EDUCATION AND NUTRITIONAL SERVICES PROVIDED BY LICENSED PROFESSIONALS.
BEHAVIORAL HEALTH AND SUBSTANCE ABUSE - PROVIDES MENTAL HEALTH SERVICES AND SUBSTANCE ABUSE TREATMENT AT OUR MEDICATION ASSISTED PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Armstrong Figueroa Rivera Medical Director | Officer | 40 | $144,860 |
Cesar A Montijo Natal Executive Director | Officer | 40 | $128,914 |
Suleika W Galindo Vicens Medic | Officer | 40 | $128,089 |
Lismarie Delgado Banrey Medic | Officer | 40 | $118,032 |
Beatriz DE L Pereira Santiago Finance Director | Officer | 40 | $88,656 |
William Miranda Torres President | Trustee | 10 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jom Security Services Inc Security Services | 6/29/23 | $100,773 |
Jose Caballero Lopez Psychiatrist | 6/29/23 | $101,325 |
National Building Maintenance Corp Maintenance | 6/29/23 | $145,672 |
Xynergie Corp It Services | 6/29/23 | $120,330 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,391,778 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,553,515 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,945,293 |
| Total Program Service Revenue | $28,080,234 |
| Investment income | $3,421 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $108,800 |
| 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 | $34,137,748 |
| 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 | $4,865,274 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $710,193 |
| 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 | $21,071,658 |
| Advertising and promotion | $12,530 |
| Office expenses | $246,895 |
| Information technology | $37,332 |
| Royalties | $0 |
| Occupancy | $721,339 |
| Travel | $41,793 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $34,476 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $548,498 |
| Insurance | $86,467 |
| All other expenses | $206,036 |
| Total functional expenses | $32,272,012 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,179,686 |
| Savings and temporary cash investments | $100,980 |
| Pledges and grants receivable | $607,672 |
| Accounts receivable, net | $737,878 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $872,394 |
| Inventories for sale or use | $182,960 |
| Prepaid expenses and deferred charges | $68,764 |
| Net Land, buildings, and equipment | $3,546,716 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $90,000 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,387,050 |
| Accounts payable and accrued expenses | $1,033,160 |
| 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 | $904,915 |
| Total liabilities | $1,938,075 |
| Net assets without donor restrictions | $7,448,975 |
| 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 | $9,387,050 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hospital Menonita Caguas Inc Cidra, PR | $182,286,156 | $118,868,748 |
Hospital Damas Inc Ponce, PR | $64,334,501 | $71,887,197 |
Presbyterian Community Hospital Inc San Juan, PR | $48,684,836 | $68,591,066 |
Hospital Menonita Guayama Inc Cidra, PR | $185,781,892 | $93,481,825 |
Servicios Medicos Universitarios Inc Carolina, PR | $48,189,791 | $60,009,551 |
Hospital Menonita Humacao Inc Cidra, PR | $66,744,033 | $54,296,313 |
Hospital Comunitario Buen Samaritano Inc Aguadilla, PR | $30,794,389 | $32,589,797 |
Corporacion De Salud Asegurada Por Nuestra Organizacion Solidaria Inc Caguas, PR | $9,387,050 | $34,137,748 |
Prymed Medical Care Inc Ciales, PR | $34,845,400 | $33,859,514 |
Asociacion Hospital Del Maestro Inc San Juan, PR | $4,911,537 | $19,921,107 |
Corporacion De Servicios De Salud Y Desarrollo Socioeconomico El Otoao Utuado, PR | $331,196 | $506,748 |
Cbv Management Manati, PR | $146,619 | $0 |