Glen Cove Hospital
- Assets
- $156.5m
- Revenue
- $195.2m
- Investments
- $0.0
- Employees
- 1,442
- Location
- Westbury, NY
- Founding
- 04/1956
- Data as of
- 12/2021
- EIN
- 11-1633487
Organization Overview
Glen Cove Hospital is located in Westbury, NY. The organization was established in 1956. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. As of 12/2021, Glen Cove Hospital employed 1,442 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Glen Cove Hospital 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 12/2021, Glen Cove Hospital generated $195.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $194.5m during the year ending 12/2021. While expenses have increased by 5.0% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
GLEN COVE STRIVES TO IMPROVE THE HEALTH OF THE COMMUNITIES IT SERVES AND IS COMMITTED TO PROVIDING THE HIGHEST QUALITY OF CARE FOR THE COMMUNITY REGARDLESS OF ABILITY TO PAY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GLEN COVE HOSPITAL (GCH) IS HOME TO THE RENOWNED INPATIENT REHABILITATION CENTER WHICH INCLUDES A STATE OF THE ART BRAIN INJURY UNIT. GCH IS A NYS DOH - DESIGNATED STROKE CENTER. IN 2021, THE HOSPITAL HAD 5,024 INPATIENT DISCHARGES, PROVIDED 19,669 EMERGENCY DEPARTMENT VISITS AND PERFORMED 3,104 AMBULATORY SURGERIES, INCLUDING ENDOSCOPIES.
GLEN COVE FACULTY PRACTICE IS AN AFFILIATED MEMBER OF NORTHWELL HEALTH ("NORTHWELL") AND PART OF NORTHWELL'S MEDICAL GROUP AND AMBULATORY LINES OF SERVICE. IT STRIVES TO MAKE A MEASURABLE DIFFERENCE IN THE HEALTH STATUS OF THE COMMUNITIES IT SERVES BY PROVIDING COMPREHENSIVE HEALTH CARE REGARDLESS OF ABILITY TO PAY.
NORTH SHORE-LIJ IMAGING AT GLEN COVE PROVIDES A FULL RANGE OF DIAGNOSTIC RADIOLOGY SERVICES. EXTENSIVE IMAGING CAPABILITIES SUPPORT MULTIPLE DIAGNOSTIC GOALS, INCLUDING PRIMARY DIAGNOSIS, THE TRACKING OF TREATMENT PROCESS, PRE-SURGICAL TESTING AND POST-OPERATIVE ANALYSIS. EXAMS ARE PERFORMED BY CERTIFIED TECHNOLOGIST THAT USE STATE OF THE ART EQUIPMENT COUPLED WITH THE VERY LATEST ADVANCES IN IMAGING TECHNIQUES TO ENSURE CONSISTENT HIGH QUALITY IMAGES, EXPERT ANALYSIS AND UNCOMPROMISED QUALITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kerri Scanlon Executive Director | Officer | 50 | $785,546 |
Bradley Sherman Medical Director (site) | 50 | $586,655 | |
John Colletta Chairperson | 50 | $535,545 | |
Michael Grieco Physician | 50 | $479,124 | |
John Reyes Assoc Medical Director | 50 | $473,396 | |
Mylene Colucci Physician | 50 | $452,351 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
North American Partners In Anesthes Anesthesia Services | 12/30/21 | $793,423 |
Partners In Critical Care Llp Physician Services | 12/30/21 | $985,022 |
Tvr Communications Llc Communications | 12/30/21 | $640,912 |
Unitex Textile Rental Laundry Services | 12/30/21 | $453,997 |
Cross Country Staffing Temporary Employees | 12/30/21 | $1,105,586 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $25,270 |
| Government grants | $548,738 |
| 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 | $574,008 |
| Total Program Service Revenue | $187,381,431 |
| Investment income | $855,594 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $788,170 |
| Net Gain/Loss on Asset Sales | $3,657,544 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $195,211,867 |
| 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. | $785,546 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $103,776,279 |
| Pension plan accruals and contributions | $1,686,960 |
| Other employee benefits | $11,941,960 |
| Payroll taxes | $7,559,257 |
| Fees for services: Management | $271,590 |
| Fees for services: Legal | $65,571 |
| 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 | $3,920,743 |
| Advertising and promotion | $129,243 |
| Office expenses | $26,132,086 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,472,318 |
| Travel | $9,842 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $185,263 |
| Interest | $191,822 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,247,915 |
| Insurance | $3,404,490 |
| All other expenses | $2,611,368 |
| Total functional expenses | $194,499,522 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $333,345 |
| Savings and temporary cash investments | $57,712,770 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $25,690,210 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,246,886 |
| Prepaid expenses and deferred charges | $281,031 |
| Net Land, buildings, and equipment | $45,919,545 |
| Investments—publicly traded securities | $7,224,280 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $17,114,452 |
| Total assets | $156,522,519 |
| Accounts payable and accrued expenses | $20,664,225 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $5,440,682 |
| 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 | $74,538,060 |
| Total liabilities | $100,642,967 |
| Net assets without donor restrictions | $38,511,490 |
| Net assets with donor restrictions | $17,368,062 |
| 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 | $156,522,519 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Glen Cove Hospital has recieved totaling $331,874.
| Awarding Organization | Amount |
|---|---|
Northwell Health Foundation Westbury, NY PURPOSE: GENERAL SUPPORT | $321,874 |
Community Foundation Of Jackson Hole Jackson, WY PURPOSE: ER - PATIENT CARE | $10,000 |
Endowment Analysis
| Beg. Balance | $6,163,907 |
| Earnings | $850,219 |
| Net Contributions | $25,270 |
| Ending Balance | $7,039,396 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Capital Health System Inc Trenton, NJ | $1,004,952,628 | $942,087,433 |
Southcoast Hospitals Group Inc New Bedford, MA | $1,265,624,200 | $959,620,935 |
Physician Affiliate Group Of New York Pc New York, NY | $38,559,626 | $838,367,537 |
South Shore University Hospital Westbury, NY | $537,264,084 | $780,287,744 |
St Barnabas Hospital Bronx, NY | $509,709,936 | $489,229,934 |
Svmc Holdings Inc Bridgeport, CT | $272,750,174 | $429,886,007 |
Barnabas Health Medical Group P C Oceanport, NJ | $150,195,711 | $412,355,034 |
Richmond Medical Center Staten Island, NY | $435,447,032 | $376,664,767 |
Virtua Medical Group Pa Marlton, NJ | $139,534,325 | $238,443,738 |
Trinitas Regional Medical Center A New Jersey Nonprofit Corporation Elizabeth, NJ | $505,269,561 | $345,999,545 |
St Lukes Hospital Anderson Campus Allentown, PA | $273,325,539 | $361,430,735 |
St Joseph Regional Health Network Reading, PA | $174,700,776 | $307,422,246 |