Highland Hospital Of Rochester
- Assets
- $557.3m
- Revenue
- $454.3m
- Investments
- $0.0
- Employees
- 3,829
- Location
- Rochester, NY
- Founding
- 11/1990
- Data as of
- 06/2022
- EIN
- 16-0743037
Organization Overview
Highland Hospital Of Rochester is located in Rochester, NY. The organization was established in 1990. 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 06/2022, Highland Hospital Of Rochester employed 3,829 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Highland Hospital Of Rochester 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 06/2022, Highland Hospital Of Rochester generated $454.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $450.7m during the year ending 06/2022. While expenses have increased by 5.3% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION OF AN ACUTE CARE HOSPITAL COMMITTED TO SERVICE EXCELLENCE IN THE HEALTHCARE INDUSTRY
Describe the Organization's Program Activity:
PROVISION OF HEALTHCARE SERVICES, INCLUDING INPATIENT SERVICES, ANCILLARY SERVICES AND ED/CLINIC/AMBULATORY SERVICES. ALSO SEE SCHEDULE O ATTACHMENT FOR FURTHER DETAILS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven I Goldstein CEO | OfficerTrustee | 8 | $0 |
Adam Anolik Former CFO | 0 | $0 | |
Michael Apostolakis MD Chief Medical Officer | Officer | 1 | $0 |
Robert Mccann MD Board Member | Trustee | 40 | $0 |
Lori Ferris MD Physician | 40 | $435,645 | |
Carrie Fuller Spencer CFO | Officer | 9 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lechase Construction Svcs Llc Construction Srvcs | 6/29/22 | $37,379,017 |
Supplemental Healthcare Svcs Ltd Temporary Services | 6/29/22 | $14,107,393 |
Trusted Nurse Staffing Llc Temporary Services | 6/29/22 | $5,157,483 |
Sunbelt Staffing Solutions Llc Temporary Services | 6/29/22 | $2,683,357 |
Amn Healthcare Inc Temporary Services | 6/29/22 | $1,449,463 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $679,814 |
| Government grants | $1,830,453 |
| 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 | $2,510,267 |
| Total Program Service Revenue | $436,069,815 |
| Investment income | -$6,795,582 |
| 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 | $454,255,067 |
| 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. | $608,457 |
| Compensation of current officers, directors, key employees. | $608,457 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $219,207,260 |
| Pension plan accruals and contributions | $9,047,862 |
| Other employee benefits | $37,356,098 |
| Payroll taxes | $12,660,506 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $197,092 |
| Fees for services: Accounting | $247,087 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $24,860,128 |
| Advertising and promotion | $376,436 |
| Office expenses | $3,465,018 |
| Information technology | $4,294,933 |
| Royalties | $0 |
| Occupancy | $4,143,096 |
| Travel | $74,007 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,412,598 |
| Payments to affiliates | $445,000 |
| Depreciation, depletion, and amortization | $23,170,275 |
| Insurance | $0 |
| All other expenses | $16,697,489 |
| Total functional expenses | $450,731,288 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $56,572,247 |
| Savings and temporary cash investments | $210,767,086 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $29,816,800 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $6,658,040 |
| Prepaid expenses and deferred charges | $1,927,120 |
| Net Land, buildings, and equipment | $189,037,872 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $62,532,885 |
| Total assets | $557,312,050 |
| Accounts payable and accrued expenses | $61,447,988 |
| Grants payable | $0 |
| Deferred revenue | $1,190,613 |
| Tax-exempt bond liabilities | $66,152,526 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $108,732,486 |
| Total liabilities | $237,523,613 |
| Net assets without donor restrictions | $319,788,437 |
| 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 | $557,312,050 |