Northwell Healthcare Inc
- Assets
- $4.0b
- Revenue
- $1.8b
- Investments
- $0.0
- Employees
- 7,522
- Location
- Westbury, NY
- Founding
- 03/1994
- Data as of
- 12/2020
- EIN
- 11-2965586
Organization Overview
Northwell Healthcare Inc is located in Westbury, NY. The organization was established in 1994. According to its NTEE Classification (E32) the organization is classified as: Community Clinics, under the broad grouping of Health Care and related organizations. As of 12/2021, Northwell Healthcare Inc employed 7,522 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northwell Healthcare 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 12/2020, Northwell Healthcare Inc generated $1.8b in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $1.8b during the year ending 12/2020. While expenses have increased by 10.5% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
NORTHWELL HEALTHCARE, INC. PROVIDES ADVISORY AND ADMINISTRATIVE SUPPORT SERVICES TO AFFILIATED HEALTH CARE ORGANIZATIONS WITHIN NORTHWELL HEALTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NORTHWELL HEALTHCARE, INC COORDINATES POLICY MAKING & LONG-RANGE STRATEGIC PLANNING. PROVIDES ADVISORY AND ADMINISTRATIVE SUPPORT SERVICES TO THOSE ENTITIES UNDER COMMON CONTROL. ESTABLISHES AND CONDUCTS COMMUNITY EDUCATIONAL PROGRAMS RELATING TO THE PROMOTION OF HEALTH AND GENERAL WELFARE.
HOMECARE PROVIDES ADMINISTRATIVE SERVICES TO AFFILIATED HEALTH CARE ORGANIZATIONS WITHIN NORTHWELL HEALTH. THE EXPENSES WERE INCURRED IN PROVIDING SUCH SUPPORT.
CARE SOLUTIONS IS RESPONSIBLE FOR NORTHWELL HEALTH'S CARE MANAGEMENT PROGRAMS TO SUPPORT PHYSICIANS AND PATIENTS IN COORDINATING CARE AND DELIVERING QUALITY OUTCOMES.
OTHER SUPPORT PROVIDED TO AFFILIATES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Dowling President & CEO | OfficerTrustee | 50 | $7,698,876 |
Howard Gold Evp & Chf Managed Care Officer | Officer | 50 | $5,860,227 |
Mark Solazzo Evp & COO | Officer | 50 | $5,442,053 |
Lawrence Smith Evp & Physician In Chief | Officer | 50 | $2,136,080 |
David Battinelli Svp, Chief Medical Officer | 50 | $1,757,858 | |
Jason Naidich Svp/regional Executive Dir | 50 | $1,662,281 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Synergy Health North America Inc Sterilization Svcs | 12/30/21 | $19,489,404 |
Microsoft Corp Information Svcs | 12/30/21 | $25,737,409 |
Nextsourceinc Consulting Svcs | 12/30/21 | $17,683,664 |
Horizon Media Inc Advertising | 12/30/21 | $19,776,073 |
Allscripts Information Services | 12/30/21 | $188,922,324 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,766,919 |
| Investment income | $21,420,742 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $36,915,162 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,786,239,226 |
| Statement of Expenses | |
|---|---|
| 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. | $20,653,660 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $628,783,829 |
| Pension plan accruals and contributions | $51,164,073 |
| Other employee benefits | $78,420,884 |
| Payroll taxes | $46,776,265 |
| Fees for services: Management | $37,079,980 |
| Fees for services: Legal | $13,120,481 |
| Fees for services: Accounting | $2,421,619 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $37,125,243 |
| Advertising and promotion | $35,917,452 |
| Office expenses | $268,674,350 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $49,938,349 |
| Travel | $2,347,903 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,840,565 |
| Interest | $93,899,586 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $163,303,783 |
| Insurance | $3,289,180 |
| All other expenses | $0 |
| Total functional expenses | $1,784,913,235 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $86,275,119 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $77,908,959 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $166,920,182 |
| Inventories for sale or use | $48,616,900 |
| Prepaid expenses and deferred charges | $39,564,666 |
| Investments—publicly traded securities | $2,162,416,438 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $373,173,831 |
| Total assets | $4,009,743,316 |
| Accounts payable and accrued expenses | $766,444,375 |
| 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 | $191,583,471 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,362,032,122 |
| Total liabilities | $4,320,059,968 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | -$310,316,652 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Northwell Healthcare Inc has recieved totaling $49,384.
| Awarding Organization | Amount |
|---|---|
Richard And Mary Morrison Foundation Chicago, IL PURPOSE: GENERAL | $39,384 |
Ruth Winkelman Wender Foundation Wilmington, DE PURPOSE: GENERAL OPERATIONS | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Guthrie Medical Group Pc Sayre, PA | $139,223,295 | $387,198,695 |
Sun River Health Peekskill, NY | $370,290,606 | $373,023,016 |
The University Of Vermont Health Network Medical Group Inc Burlington, VT | $0 | $305,856,449 |
Spirit Physician Services Inc Hershey, PA | $28,348,186 | $134,493,398 |
Community Health Center Incorporated Middletown, CT | $117,152,380 | $210,162,955 |
Urban Health Plan Inc Bronx, NY | $151,043,884 | $175,217,637 |
East Boston Neighborhood Health Center Corp East Boston, MA | $122,342,162 | $171,450,550 |
The Institute For Family Health New York, NY | $138,594,014 | $167,491,176 |
United Medical Associates Pc Vestal, NY | $19,774,903 | $134,598,933 |
Aria Health Physician Services Philadelphia, PA | $17,578,379 | $85,692,735 |
Community Healthcare Network Inc New York, NY | $116,375,376 | $109,995,395 |
Community Health Project Inc New York, NY | $98,075,603 | $99,211,868 |