River Hospital Inc
- Assets
- $41.1m
- Revenue
- $30.7m
- Investments
- $0.0
- Employees
- 313
- Location
- Alexandria Bay, NY
- Founding
- 11/2003
- Data as of
- 12/2023
- EIN
- 81-0600548
Organization Overview
River Hospital Inc is located in Alexandria Bay, NY. The organization was established in 2003. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. As of 12/2023, River Hospital Inc employed 313 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. River 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 12/2023, River Hospital Inc generated $30.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $29.9m during the year ending 12/2023. While expenses have increased by 4.9% 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
THE MISSION OF RIVER HOSPITAL, INC. IS TO DELIVER VITAL PATIENT CENTERED HEALTHCARE, WHICH ENSURES ACCESS TO COMPASSIONATE, COMPREHENSIVE HEALTH AND WELLNESS FOR OUR NORTHERN NEW YORK COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RIVER HOSPITAL, INC. PROVIDED GENERAL INPATIENT, OUTPATIENT, AND EMERGENCY SERVICES TO RESIDENTS IN THE NORTHERN NEW YORK AREA. DURING 2023, THE HOSPITAL PROVIDED 2,533 SWING BED DAYS, 400 DAYS OF CRITICAL ACCESS CARE, AND 85 OBSERVATION VISITS TO THE SICK AND INJURED. IN THE OUTPATIENT SERVICE AREA, RIVER HOSPITAL PROVIDED 8,047 EMERGENCY ROOM VISITS IN 2023. RIVER HOSPITAL STRIVES TO IDENTIFY AND UPDATE SERVICES BASED UPON THE COMMUNITY NEEDS. THE HOSPITAL SERVES A COMMUNITY PAYOR MIX OF 61% GOVERNMENT PAYORS, 36% COMMERCIAL PAYORS AND OTHER, AND 3% UNINSURED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Norman Snyder President | OfficerTrustee | 2 | $0 |
Lynn Brown Vice President | OfficerTrustee | 2 | $0 |
Sue Rapant Secretary | OfficerTrustee | 2 | $0 |
Robert Toole Treasurer | OfficerTrustee | 2 | $0 |
Christopher Clapper Trustee | Trustee | 2 | $0 |
Peter Eckstein Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Nes Medical Services Of New York Medical Services | 12/30/23 | $1,817,847 |
Excellus Health Plan-group Medical Services | 12/30/23 | $1,535,499 |
Rj Anesthesia Pllc Medical Services | 12/30/23 | $572,847 |
Centolella Law Pc Legal Services | 12/30/23 | $385,295 |
Medical Liability Mutual Insurance Co Liability Insurance | 12/30/23 | $347,175 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $249,134 |
| Related organizations | $0 |
| Government grants | $1,066,058 |
| All other contributions, gifts, grants, and similar amounts not included above | $315,404 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,630,596 |
| Total Program Service Revenue | $27,273,186 |
| Investment income | $199,157 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,657 |
| Net Gain/Loss on Asset Sales | -$260,590 |
| Net Income from Fundraising Events | -$40,711 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $30,674,416 |
| 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. | $1,104,691 |
| Compensation of current officers, directors, key employees. | $243,032 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,834,055 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,649,487 |
| Payroll taxes | $918,449 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $313,123 |
| 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 | $3,936,769 |
| Advertising and promotion | $123,997 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $28,342 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $22,631 |
| Interest | $1,822 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,638,138 |
| Insurance | $465,940 |
| All other expenses | $0 |
| Total functional expenses | $29,924,875 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,314,189 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $4,196,724 |
| Accounts receivable, net | $3,424,296 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $487,819 |
| Prepaid expenses and deferred charges | $279,924 |
| Net Land, buildings, and equipment | $18,099,032 |
| Investments—publicly traded securities | $11,276,590 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,000 |
| Total assets | $41,090,574 |
| Accounts payable and accrued expenses | $4,377,230 |
| 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 | $8,856 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $782,964 |
| Total liabilities | $5,169,050 |
| Net assets without donor restrictions | $32,249,667 |
| Net assets with donor restrictions | $3,671,857 |
| 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 | $41,090,574 |