Adirondack Medical Center
- Assets
- $124.9m
- Revenue
- $140.4m
- Investments
- $0.0
- Employees
- 1,083
- Location
- Saranac Lake, NY
- Founding
- 01/1992
- Data as of
- 12/2021
- EIN
- 14-1731786
Organization Overview
Adirondack Medical Center is located in Saranac Lake, NY. The organization was established in 1992. 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, Adirondack Medical Center employed 1,083 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Adirondack 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 12/2021, Adirondack Medical Center generated $140.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $137.5m during the year ending 12/2021. While expenses have increased by 4.5% 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
THE MEDICAL CENTER PROVIDES ACUTE, SKILLED NURSING AND OUTPATIENT SERVICES TO RESIDENTS OF THE LOCAL GEOGRAPHIC REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADIRONDACK MEDICAL CENTER IS A 95-BED ACUTE CARE FACILITY IN SARANAC LAKE. IT PROVIDES A FULL RANGE OF INPATIENT SERVICES(SURGICAL, MATERNITY AND PEDIATRIC) AS WELL AS MAINTAINS A 60 BED LONG-TERM CARE FACILITY.
REFERRED AMBULATORY, AMBULATORY SURGERY AND EMERGENCY SERVICES IN SARANAC LAKE, LAKE PLACID, TUPPER LAKE, ST. REGIS FALLS AND KEENE.
MISCELLANEOUS PROGRAM SERVICE REVENUE DERIVED FROM SUPPORT OF ADIRONDACK MEDICAL CENTER, INCLUDING: DIETARY REVENUE, REBATES AND REFUNDS, PURCHASE DISCOUNTS AND OTHER REVENUE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony Tramontano Physician | 40 | $571,480 | |
Claude Roland Physician | 26 | $545,099 | |
Eric Pillemer Physician | 28 | $534,539 | |
Henri Gaboriau Physician | 40 | $459,222 | |
John Esper Physician | 40 | $452,550 | |
Darci Beiras Cmo | Officer | 40 | $401,942 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Premier Anesthesia On New Yorkpc Anesthesia Services | 12/30/21 | $2,180,618 |
Adirondack Gastrointestinal And Colorect Gastroenterology Services | 12/30/21 | $1,822,234 |
Ahsa Llc Contracted Labor | 12/30/21 | $1,661,947 |
Cardinal Health Pharmacy Services Pharmacy Management Services | 12/30/21 | $535,162 |
Laboratory Corporation Of America Lab Services | 12/30/21 | $827,436 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $2,167,384 |
| Government grants | $2,819,938 |
| All other contributions, gifts, grants, and similar amounts not included above | $268,386 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,255,708 |
| Total Program Service Revenue | $132,342,061 |
| Investment income | $29,830 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $521,456 |
| Net Gain/Loss on Asset Sales | $436,161 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $140,431,762 |
| 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. | $1,668,932 |
| Compensation of current officers, directors, key employees. | $963,497 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $58,942,599 |
| Pension plan accruals and contributions | $1,602,597 |
| Other employee benefits | $6,565,298 |
| Payroll taxes | $4,215,944 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $272,371 |
| Fees for services: Accounting | $128,961 |
| Fees for services: Lobbying | $20,773 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $33,444 |
| Fees for services: Other | $18,184,149 |
| Advertising and promotion | $169,522 |
| Office expenses | $1,232,000 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,530,104 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $112,424 |
| Interest | $851,869 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,510,701 |
| Insurance | $1,048,758 |
| All other expenses | $4,165,406 |
| Total functional expenses | $137,502,421 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,415,428 |
| Savings and temporary cash investments | $17,395,664 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $17,648,690 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,273,923 |
| Prepaid expenses and deferred charges | $5,127,794 |
| Net Land, buildings, and equipment | $64,753,399 |
| Investments—publicly traded securities | $8,125,683 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,150,092 |
| Total assets | $124,890,673 |
| Accounts payable and accrued expenses | $20,107,960 |
| Grants payable | $0 |
| Deferred revenue | $2,092,508 |
| 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 | $27,059,638 |
| Unsecured mortgages and notes payable | $1,172,000 |
| Other liabilities | $11,557,990 |
| Total liabilities | $61,990,096 |
| Net assets without donor restrictions | $61,911,529 |
| Net assets with donor restrictions | $989,048 |
| 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 | $124,890,673 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Adirondack Medical Center has recieved totaling $2,235,885.
| Awarding Organization | Amount |
|---|---|
Adirondack Medical Center Foundation Saranac Lake, NY PURPOSE: GRANT FOR FUTURE CAPITAL PROJECTS | $2,090,672 |
Adirondack Medical Center Foundation Saranac Lake, NY PURPOSE: OTHER GRANTS & ASSISTANCE | $76,713 |
Charles R Wood Foundation Wilmington, DE PURPOSE: ADIRONDACK HEALTH: PORTABLE ULTRASOUND UNIT | $34,000 |
Mvp Health Plan Inc Schenectady, NY PURPOSE: GRANT FUNDING FOR MOBILE COVID 19 TESTING SUPPORT | $15,000 |
Kingsley Foundation Wilmington, DE PURPOSE: GENERAL PURPOSES | $14,000 |
Ruth & Ralph Friedman Foundation Inc New York, NY PURPOSE: GENERAL | $3,000 |
Endowment Analysis
| Beg. Balance | $988,665 |
| Earnings | $383 |
| Ending Balance | $989,048 |
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 |