Nuvance Health
- Assets
- $196.2m
- Revenue
- $286.5m
- Investments
- $0.0
- Employees
- 1,215
- Location
- Poughkeepsie, NY
- Founding
- 12/2019
- Data as of
- 09/2022
- EIN
- 83-4214573
Organization Overview
Nuvance Health is located in Poughkeepsie, NY. The organization was established in 2019. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. As of 09/2023, Nuvance Health employed 1,215 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nuvance Health 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 09/2022, Nuvance Health generated $286.5m in total revenue. All expenses for the organization totaled $290.1m during the year ending 09/2022. While expenses have increased by 236.8% per year over the past 3 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 2022, Nuvance Health has awarded 35 individual grants totaling $419,070. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
IMPROVE THE HEALTH OF EVERY PERSON IN OUR COMMUNITY THROUGH THE EFFICIENT DELIVERY OF EXCELLENT, INNOVATIVE AND COMPASSIONATE CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO IMPROVE THE HEALTH OF EVERY PERSON WE SERVE THROUGH THE EFFICIENT DELIVERY OF EXCELLENT, INNOVATIVE AND COMPASSIONATE CARE. AS THE PARENT ORGANIZATION, NUVANCE HEALTH (NH) PROVIDES EXECUTIVE AND ADMINISTRATIVE DIRECTION, GIVES SUPPORT, SETS STANDARDS FOR ITS AFFILIATES AND SUBSIDIARIES, INSURES FINANCIAL SOUNDNESS, AND ESTABLISHES NEW PROGRAMS AND SERVICES CONSISTENT WITH THEIR MISSION. ALL TAX-EXEMPT AFFILIATES SERVE INDIVIDUALS OF ALL INCOME LEVELS AND FOLLOW THE FINANCIAL ASSISTANCE POLICY ESTABLISHED BY NH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Vice Chairman (to 12/31); Chair (from 01/01) | OfficerTrustee | 3 | $0 |
Name Not Listed Chair (until 12/31); Director | OfficerTrustee | 3 | $0 |
Name Not Listed President/ceo | OfficerTrustee | 3 | $2,064,756 |
Name Not Listed Director; Vice Chair (from 01/01) | OfficerTrustee | 3 | $0 |
Name Not Listed Director (to 12/31) | Trustee | 2 | $0 |
Name Not Listed Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Price Waterhouse Coopers Llp Consulting Services | 9/29/23 | $6,020,107 |
Eruptr Llc Digital Marketing | 9/29/23 | $4,049,962 |
Ernst & Young Llp Audit And Tax Services | 9/29/23 | $3,469,492 |
Berkeley Research Group Analytical Support | 9/29/23 | $3,049,667 |
Health Catalyst Inc Subscription And Service | 9/29/23 | $1,412,969 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $644,608 |
| 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 | $644,608 |
| Total Program Service Revenue | $285,472,438 |
| Investment income | $86,793 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $6,522 |
| 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 | $286,456,365 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $359,115 |
| 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. | $1,926,319 |
| Compensation of current officers, directors, key employees. | $21,003 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $129,903,155 |
| Pension plan accruals and contributions | $2,517,871 |
| Other employee benefits | $16,923,712 |
| Payroll taxes | $3,717,190 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,836,586 |
| Fees for services: Accounting | $4,320,568 |
| Fees for services: Lobbying | $468,256 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $244,457 |
| Fees for services: Other | $45,061,952 |
| Advertising and promotion | $7,236,184 |
| Office expenses | $2,950,665 |
| Information technology | $54,654,964 |
| Royalties | $0 |
| Occupancy | $7,697,603 |
| Travel | $386,006 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $154,878 |
| Interest | $2,674 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,731,444 |
| Insurance | $2,337,177 |
| All other expenses | $0 |
| Total functional expenses | $290,086,226 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $153,238 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $417,910 |
| Prepaid expenses and deferred charges | $22,310,514 |
| Net Land, buildings, and equipment | $30,064,200 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $143,254,560 |
| Total assets | $196,200,422 |
| Accounts payable and accrued expenses | $53,246,071 |
| 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 | $157,133,897 |
| Total liabilities | $210,379,968 |
| Net assets without donor restrictions | -$14,179,546 |
| 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 | $196,200,422 |
Grants Awarded
Over the last fiscal year, Nuvance Health has awarded $203,820 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
DUTCHESS COUNTY REGIONAL CHAMBER OF COMMERCE PURPOSE: IN SUPPORT OF LOCAL ECONOMY AND BUSINESSES | $20,000 |
SPARROW'S NEST OF THE HUDSON VALLEY PURPOSE: IN SUPPORT OF SERVICES FOR FAMILIES WHO ARE EXPERIENCING THE HARDSHIPS OF A CANCER DIAGNOSIS THROUGH DELIVERY OF MEALS AND SUPPLIES | $20,000 |
AMERICAN HEART ASSOCIATION PURPOSE: IN SUPPORT OF CARDIOVASCULAR RESEARCH, HEALTH, AND WELLNESS | $20,000 |
AMERICAN CANCER SOCIETY PURPOSE: IN SUPPORT OF CANCER RESEARCH, HEALTH, AND WELLNESS | $20,000 |
DUTCHESS OUTREACH PURPOSE: IN SUPPORT OF ADDRESSING AND ERADICATING MALNOURISHMENT IN THE GREATER POUGHKEEPSIE AREA. | $16,000 |
MILES OF HOPE BREAST CANCER FOUNDATION PURPOSE: IN SUPPORT OF LOCAL FAMILIES AFFECTED BY BREAST CANCER DIAGNOSIS | $20,000 |