Medisys Health Network Inc
- Assets
- $150.6m
- Revenue
- $4.6m
- Investments
- $0.0
- Employees
- 2
- Location
- Jamaica, NY
- Founding
- 12/1996
- Data as of
- 12/2021
- EIN
- 11-3316802
Organization Overview
Medisys Health Network Inc is located in Jamaica, NY. The organization was established in 1996. 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 12/2021, Medisys Health Network Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Medisys Health Network 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 12/2021, Medisys Health Network Inc generated $4.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $4.4m during the year ending 12/2021. While expenses have increased by 2.3% 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
TO SUPPORT THE OPERATIONS OF THE JAMAICA HOSPITAL MEDICAL CENTER, FLUSHING HOSPITAL MEDICAL CENTER AND OTHER ORGANIZATIONS LISTED IN SCHEDULE R, PART II, WHICH ARE HOSPITALS TAX EXEMPT UNDER IRC SECTION 501(C)(3).
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEDISYS HEALTH NETWORK PROVIDES SERVICES TO SUPPORT AND BENEFIT JAMAICA HOSPITAL MEDICAL CENTER, FLUSHING HOSPITAL MEDICAL CENTER AND IT'S RELATED HEALTHCARE ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bruce Flanz President & CEO | Officer | 10 | $953,550 |
Mounir Doss Executive VP & CFO | Officer | 10 | $594,274 |
Robert W Koop 2nd Vice Chair, Treasurer | OfficerTrustee | 1 | $0 |
Geoffrey Doughlin MD Third Vice Chairman | OfficerTrustee | 1 | $0 |
Neil Foster Phillips Chairman | OfficerTrustee | 1 | $0 |
Anthony Dimaria MD Secretary | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Epic Systems Corporation Computer | 12/30/21 | $3,220,415 |
Manatt Phelps & Phillips Llp Legal | 12/30/21 | $1,660,327 |
Hitachi Vantara Credit Corp Computer | 12/30/21 | $1,175,034 |
Workday Inc Computer | 12/30/21 | $897,970 |
Lanstatus Llc Computer | 12/30/21 | $878,107 |
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 | $3,769,994 |
| Investment income | $155,557 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $4,565,672 |
| 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. | $1,547,834 |
| Compensation of current officers, directors, key employees. | $185,740 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $40,150 |
| Fees for services: Management | $141,441 |
| Fees for services: Legal | $23,255 |
| 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 | $40,881 |
| Advertising and promotion | $0 |
| Office expenses | $44,837 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $605,162 |
| Travel | $6,189 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $41,427 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,384,793 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $4,405,588 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,159,960 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $16,395,150 |
| Investments—publicly traded securities | $3,761,038 |
| Investments—other securities | $0 |
| Investments—program-related | $150,000 |
| Intangible assets | $0 |
| Other assets | $115,163,922 |
| Total assets | $150,630,080 |
| Accounts payable and accrued expenses | $3,308,058 |
| 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 | $8,210,108 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $109,399,600 |
| Total liabilities | $120,917,766 |
| Net assets without donor restrictions | $29,712,314 |
| 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 | $150,630,080 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Medisys Health Network Inc has recieved totaling $184,994.
| Awarding Organization | Amount |
|---|---|
Greater New York Hospital Foundation Inc New York, NY PURPOSE: COVID SUPPORT | $173,494 |
Somos Healthcare Providers Inc Bronx, NY PURPOSE: MEDISYS CLASSIC 2021 | $11,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alliance Health Of Quincy Inc Southborough, MA | $18,309,564 | $19,847,469 |
Apis Services Inc Reading, PA | $60,776,008 | $15,713,327 |
New York State Health Foundation New York, NY | $362,119,820 | $12,287,243 |
Childrens Specialized Hospital Foundation Inc Mountainside, NJ | $118,333,795 | $21,767,300 |
Hospital For Special Surgery Fund Inc New York, NY | $132,917,931 | $24,476,361 |
Overlook Foundation Summit, NJ | $124,262,093 | $22,064,217 |
Broadline Risk Retention Group Inc Colchester, VT | $135,251,113 | $22,474,493 |
Deborah Hospital Foundation Browns Mills, NJ | $27,360,210 | $10,833,977 |
The Childrens Hospital Of Buffalo Foundation Buffalo, NY | $94,191,581 | $13,115,103 |
The St Francis Hospital Foundation Inc Roslyn, NY | $262,392,526 | $17,931,065 |
Lankenau Medical Center Foundation Wynnewood, PA | $483,355,098 | $35,694,086 |
Monmouth Medical Center Foundation Inc Oceanport, NJ | $47,507,975 | $18,905,693 |