Garnet Health Medical Center
- Assets
- $699.0m
- Revenue
- $581.4m
- Investments
- $0.0
- Employees
- 3,653
- Location
- Middletown, NY
- Founding
- 12/1937
- Data as of
- 12/2020
- EIN
- 14-1364536
Organization Overview
Garnet Health Medical Center is located in Middletown, NY. The organization was established in 1937. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 12/2021, Garnet Health Medical Center employed 3,653 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Garnet Health Medical Center 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, Garnet Health Medical Center generated $581.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $574.6m during the year ending 12/2020. While expenses have increased by 5.2% 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
THE MISSION OF GARNET HEALTH MEDICAL CENTER IS TO IMPROVE THE HEALTH OF THE COMMUNITY BY PROVIDING EXCEPTIONAL HEALTH CARE OVER A BROAD RANGE OF QUALITY HEALTHCARE SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INPATIENT CARE: GARNET HEALTH MEDICAL CENTER IS CURRENTLY LICENSED FOR 383 BEDS AT ITS LOCATION AT 707 EAST MAIN ST, MIDDLETOWN, NY AND PROVIDES A FULL RANGE OF ADULT MEDICAL/SURGICAL INTENSIVE CARE, PEDIATRIC, OBSTETRICAL, REHABILITATION AND BEHAVIORAL HEALTH SERVICES. DURING 2021, GHMC HAD 22,466 INPATIENT DISCHARGES AND PERFORMED 939,424 OUTPATIENT PROCEDURES. IN ADDITION TO PROVIDING INPATIENT CARE, GHMC ALSO OPERATES A NETWORK OF OFF-SITE FACILITIES WHICH PROVIDE A FULL RANGE OF OUTPATIENT DIAGNOSTIC, THERAPEUTIC AND COMMUNITY EDUCATION SERVICES. THROUGHOUT THE YEAR, GHMC ALSO CONDUCTS AND COORDINATES A BROAD RANGE OF COMMUNITY OUTREACH PROGRAMS. THESE PROGRAMS INCLUDE HEALTH TRADE EXPOSITIONS, FACILITY TOURS, SPEAKERS BUREAU, EDUCATIONAL SEMINARS AND LECTURES, SCHOOL CAREER DAYS, COMMUNITY HEALTH SCREENINGS AND SUPPORT.
PROVIDING OUTPATIENT, EMERGENCY ROOM, AND REFERRED AMBULATORY SERVICES TO PATIENTS IN THE SURROUNDING COMMUNITY.
OTHER PROGRAM SERVICES: PROVIDING REHAB SERVICES TO 425 PATIENTS IN THE SURROUNDING COMMUNITY.
PROVIDING BEHAVIORAL HEALTH SERVICES TO 1285 PATIENTS IN THE SURROUNDING COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Former COO | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Clayco Inc Construction Contractor | 12/30/21 | $13,760,808 |
K&p Facilities Maintenance Inc Facilities Cleaning & Maintenance | 12/30/21 | $3,399,659 |
Epic Systems Corporation Information Technology Services | 12/30/21 | $3,115,785 |
Quest Diagnostics Lab Services | 12/30/21 | $2,297,937 |
Garnet Health Doctors Pc Medical Services | 12/30/21 | $36,294,216 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,254,298 |
| Government grants | $65,639,304 |
| All other contributions, gifts, grants, and similar amounts not included above | $347,090 |
| Noncash contributions included in lines 1a–1f | $131,866 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $67,240,692 |
| Total Program Service Revenue | $502,173,412 |
| Investment income | $3,170,867 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,147,305 |
| Net Gain/Loss on Asset Sales | -$127,269 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $581,444,421 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $917,138 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $221,867,849 |
| Pension plan accruals and contributions | $22,166,317 |
| Other employee benefits | $46,918,366 |
| Payroll taxes | $16,186,870 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $808,553 |
| Fees for services: Accounting | $386,000 |
| Fees for services: Lobbying | $195,374 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $210,816 |
| Fees for services: Other | $75,619,099 |
| Advertising and promotion | $1,729,817 |
| Office expenses | $12,163,212 |
| Information technology | $7,808,538 |
| Royalties | $0 |
| Occupancy | $9,768,985 |
| Travel | $304,665 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $110,842 |
| Interest | $13,102,033 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $29,481,325 |
| Insurance | $5,776,003 |
| All other expenses | $1,511,285 |
| Total functional expenses | $574,626,164 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $68,478 |
| Savings and temporary cash investments | $119,823,757 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $60,749,988 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $13,298,731 |
| Prepaid expenses and deferred charges | $5,535,357 |
| Net Land, buildings, and equipment | $278,522,790 |
| Investments—publicly traded securities | $136,499,404 |
| Investments—other securities | $0 |
| Investments—program-related | $1,331,852 |
| Intangible assets | $0 |
| Other assets | $83,136,469 |
| Total assets | $698,966,826 |
| Accounts payable and accrued expenses | $100,413,809 |
| Grants payable | $0 |
| Deferred revenue | $310,529 |
| Tax-exempt bond liabilities | $279,815,594 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $3,215,181 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $153,662,295 |
| Total liabilities | $537,417,408 |
| Net assets without donor restrictions | $149,287,316 |
| Net assets with donor restrictions | $12,262,102 |
| 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 | $698,966,826 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Garnet Health Medical Center has recieved totaling $164,021.
| Awarding Organization | Amount |
|---|---|
Arden Local Development Corporation Middletown, NY PURPOSE: GENERAL SUPPORT | $150,000 |
Southeastern New York Library Resources Council Highland, NY PURPOSE: ELECTRONIC RESOURCES | $14,021 |
Endowment Analysis
| Beg. Balance | $2,257,688 |
| Earnings | $265,632 |
| Other Expense | $265,632 |
| Ending Balance | $2,257,688 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lahey Clinic Hospital Inc Burlington, MA | $439,333,881 | $1,036,261,688 |
Presbyterian Medical Center Of The University Of Pennsylvania Health Philadelphia, PA | $864,132,692 | $1,007,924,819 |
Newyork-Presbyterian-Queens Flushing, NY | $898,800,022 | $913,594,490 |
New York-Presbyterian Brooklyn Methodist Brooklyn, NY | $1,733,884,296 | $932,635,722 |
Abington Memorial Hospital Philadelphia, PA | $948,017,930 | $858,404,541 |
Englewood Hospital And Medical Center A New Jersey Nonprofit Corp Englewood, NJ | $770,563,796 | $890,451,423 |
Saint Francis Hospital And Medical Center Hartford, CT | $1,654,893,576 | $997,837,414 |
Inspira Medical Centers Inc Bridgeton, NJ | $1,997,035,403 | $960,599,521 |
Valley Hospital Inc Ridgewood, NJ | $2,214,086,950 | $1,000,529,103 |
St Francis Hospital Roslyn, NY | $1,505,143,319 | $834,224,682 |
Virtu-West Jersey Health System Inc Marlton, NJ | $2,706,789,713 | $1,000,808,483 |
Bronxcare Health System Bronx, NY | $743,333,524 | $835,076,495 |