Hospital Menonita Caguas Inc
- Assets
- $182.3m
- Revenue
- $118.9m
- Investments
- $6.3m
- Employees
- 839
- Location
- Cidra, PR
- Founding
- Data as of
- 03/2023
- EIN
- 66-0776102
Organization Overview
Hospital Menonita Caguas Inc is located in Cidra, PR. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. As of 03/2023, Hospital Menonita Caguas Inc employed 839 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hospital Menonita Caguas 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 03/2023, Hospital Menonita Caguas Inc generated $118.9m in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $106.4m during the year ending 03/2023. While expenses have increased by 6.0% per year over the past 2 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
PROVIDE COMPETENT, INNOVATIVE AND ACCESSIBLE EMERGENCY AND ACUTE CARE SERVICES FOR THE RESIDENTS OF THE MUNICIPALITY OF CAGUAS AND SURROUNDING MUNICIPALITIES IN A WARMTH ATMOSPHERE, WITHOUT DISCRIMINATION OF RACE, COLOR, SEX, RELIGION, POLITICAL BELIEF, NATIONALITY, AGE OR DISABILITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PATIENT CARE-THE HOSPITAL PROVIDES GENERAL HEALTH CARE SERVICES TO PATIENTS WITHIN ITS GEOGRAPHICAL LOCATION. EXPENSES INCLUDE HEALTH CARE AND GENERAL AND ADMINISTRATIVE. MEDICAL EXPENSE ASSISTANCE- THE HOSPITAL PROVIDES CHARITY CARE WITHOUT CHARGE OF AN AMOUNT LESS THAN ESTABLISHED RATIOS TO PATIENTS WHO MEET CERTAIN CRITERIA. CHARGES FORGONE BASED ON STANDARD RATES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lcdo Jose G Pastrana Administrato | Officer | 40 | $188,034 |
Anna E Rolon Bonilla Finance Dire | Officer | 40 | $142,738 |
Carmen Morales Colon Neuro Direct | Officer | 40 | $132,055 |
Ing Alex A Espada Ortiz Plant Direct | Officer | 40 | $97,196 |
Sandra L Luna Bermudez Nursing Dire | Officer | 40 | $86,781 |
Gisela Rosado Rodriguez Info. Health | Officer | 40 | $86,363 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Spm Rad Group Psc Medical Service | 3/30/23 | $3,547,266 |
Pediatric Prof Psc Medical Service | 3/30/23 | $3,267,310 |
Perfect Integrated Solutions Inc Maintenance | 3/30/23 | $1,260,684 |
Sheriff Security Services Inc Security | 3/30/23 | $625,678 |
Medhealth Medical Service | 3/30/23 | $1,244,080 |
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 | $114,086,168 |
| Investment income | $713,204 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $971,800 |
| Net Gain/Loss on Asset Sales | $90,341 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $118,868,748 |
| 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. | $1,302,766 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $23,969,135 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $12,476,013 |
| Payroll taxes | $0 |
| 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 | $22,567,922 |
| 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 | $2,299,225 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,587,651 |
| Insurance | $1,868,970 |
| All other expenses | $0 |
| Total functional expenses | $106,379,452 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $37,221,802 |
| Savings and temporary cash investments | $10,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $29,455,806 |
| Loans from Officers, Directors, or Controlling Persons | $25,300 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,605,883 |
| Inventories for sale or use | $1,588,394 |
| Prepaid expenses and deferred charges | $543,220 |
| Net Land, buildings, and equipment | $78,555,668 |
| Investments—publicly traded securities | $20,148,361 |
| Investments—other securities | $6,327,267 |
| Investments—program-related | $0 |
| Intangible assets | $4,308,673 |
| Other assets | $495,782 |
| Total assets | $182,286,156 |
| Accounts payable and accrued expenses | $15,991,103 |
| Grants payable | $0 |
| Deferred revenue | $58,603 |
| 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 | $45,440,022 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,700,718 |
| Total liabilities | $68,190,446 |
| Net assets without donor restrictions | $114,095,710 |
| 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 | $182,286,156 |
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 |