Margaretville Memorial Hospital
- Assets
- $7.5m
- Revenue
- $15.7m
- Investments
- $0.0
- Employees
- 131
- Location
- Margaretville, NY
- Founding
- 12/1944
- Data as of
- 12/2021
- EIN
- 15-0552726
Organization Overview
Margaretville Memorial Hospital is located in Margaretville, NY. The organization was established in 1944. 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, Margaretville Memorial Hospital employed 131 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Margaretville Memorial 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, Margaretville Memorial Hospital generated $15.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $17.5m during the year ending 12/2021. While expenses have increased by 3.8% 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 OPERATE A CRITICAL ACCESS HOSPITAL FOR QUALITY MEDICAL CARE AND DIAGNOSTIC SERVICES TO MEDICALLY UNDESERVED COMMUNITIES IN THE AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MARGARETVILLE MEMORIAL HOSPITAL IS A CRITICAL ACCESS HOSPITAL THAT PROVIDES ACUTE HEALTH CARE SERVICES TO RESIDENTS AND VISITORS TO THE COMMUNITES SERVICED. MARGARETVILLE MEMORIAL HOSPITAL RECORDED 1,280 PATIENT DAYS. 3,331 EMERGENCY ROOM VISITS, 126 OUTPATIENT SURGERIES, 160 DISCHARGES AND 195 INFUSION THERAPIES IN 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Switlana Breigle Registered Nurse | 40 | $135,259 | |
Benoni Quansah Director Of Pharmacy | 40 | $132,567 | |
Michael Doyle MD Exec Dir/cmo | Officer | 2 | $0 |
Elissa Waliszewski Coo-Northern Region (eff 1/21) | Officer | 2 | $0 |
Mark Pohar Exec Dir/trustee (res. 6/21) | Officer | 20 | $0 |
Catherine Allen MD Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Crothall Housekeeping | 12/30/21 | $306,695 |
Morrison Management Specialists In Food Services | 12/30/21 | $517,014 |
Laboratory Corp Of America Laboratory Services | 12/30/21 | $714,797 |
Seco Physical Occupational Therap Consulting | 12/30/21 | $222,878 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,613,450 |
| All other contributions, gifts, grants, and similar amounts not included above | $27,254 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,640,704 |
| Total Program Service Revenue | $12,269,387 |
| Investment income | $2,452 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $77,982 |
| 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 | $15,666,335 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,568,950 |
| Pension plan accruals and contributions | $10,463 |
| Other employee benefits | $2,261,135 |
| Payroll taxes | $391,415 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $85,313 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,018,775 |
| Advertising and promotion | $0 |
| Office expenses | $536,004 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $190,192 |
| Travel | $26,389 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | -$3,628 |
| Interest | $1,780 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $369,873 |
| Insurance | $355,375 |
| All other expenses | $406,281 |
| Total functional expenses | $17,451,731 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,249,512 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $556,111 |
| Accounts receivable, net | $1,654,528 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $460,356 |
| Prepaid expenses and deferred charges | $124,162 |
| Net Land, buildings, and equipment | $1,742,685 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $718,390 |
| Total assets | $7,505,744 |
| Accounts payable and accrued expenses | $3,142,837 |
| Grants payable | $0 |
| Deferred revenue | $131,854 |
| 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 | $35,573 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,931,238 |
| Total liabilities | $6,241,502 |
| Net assets without donor restrictions | $1,264,242 |
| 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 | $7,505,744 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Margaretville Memorial Hospital has recieved totaling $169,278.
| Awarding Organization | Amount |
|---|---|
Margaretville Health Foundation Margaretville, NY PURPOSE: General support | $169,278 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Brooks-Tlc Hospital System Inc Dunkirk, NY | $43,332,954 | $53,462,246 |
Grove City Medical Center Pittsburgh, PA | $19,315,788 | $24,381,583 |
Windber Hospital Inc Windber, PA | $34,243,981 | $47,877,066 |
J C Blair Memorial Hospital Huntingdon, PA | $69,376,054 | $51,183,184 |
Titusville Area Hospital Titusville, PA | $32,246,845 | $54,133,545 |
Memorial Hospital Albany Ny Albany, NY | $0 | $44,731,508 |
Hudson Valley Cardiovascular Practice Pc Poughkeepsie, NY | $15,329,648 | $43,703,701 |
Clearfield Hospital Clearfield, PA | $57,734,677 | $49,178,126 |
Eagleville Hospital Eagleville, PA | $95,214,492 | $47,803,555 |
City Of Philadelphia Ttee Administering Wills Eye Institute Philadephia, PA | $137,162,653 | $37,442,119 |
Emerson Practice Associates Inc Concord, MA | $29,193,502 | $40,422,139 |
Schuyler Hospital Inc Montour Falls, NY | $54,341,361 | $39,968,023 |