Soldiers & Sailors Memorial
- Assets
- $51.5m
- Revenue
- $38.4m
- Investments
- $0.0
- Employees
- 460
- Location
- Penn Yan, NY
- Founding
- 03/1942
- Data as of
- 12/2021
- EIN
- 16-0743192
Organization Overview
Soldiers & Sailors Memorial is located in Penn Yan, NY. The organization was established in 1942. 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, Soldiers & Sailors Memorial employed 460 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Soldiers & Sailors Memorial 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, Soldiers & Sailors Memorial generated $38.4m 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 $38.3m during the year ending 12/2021. While expenses have increased by 4.1% 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
SOLDIERS AND SAILORS MEMORIAL HOSPITAL IS A COMMUNITY BASED, NOT-FOR-PROFIT CRITICAL ACCESS HOSPITAL DEDICATED TO MAINTAINING AND IMPROVING THE HEALTH OF ALL PEOPLE IN THE CENTRAL FINGER LAKES REGION. WE ARE COMMITTED TO SAFE, HIGH QUALITY, COMPASSIONATE SERVICES THAT ARE CONVENIENT, ACCESSIBLE AND AT REASONABLE COST, THROUGH THE EFFORTS OF OUR EMPLOYEES, MEDICAL STAFF AND VOLUNTEERS. WE ARE A CENTER FOR HEALTH EDUCATION THAT LIVES ITS LEADERSHIP COMMITMENTS THROUGH PARTICIPATION IN AND SPONSORSHIP OF PROFESSIONAL, ALLIED HEALTH AND COMMUNITY HEALTH EDUCATION PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PATIENT SERVICE PROGRAM: INPATIENT, SOLDIERS & SAILORS MEMORIAL HOSPITAL OPERATES A 25-BED GENERAL ACUTE CARE HOSPITAL INCLUDING 3-BED INTENSIVE CARE UNIT, MEDICAL-SURGICAL AND TELEMETRY UNITS AND A 10-BED IN-PATIENT PSYCHIATRIC UNIT.
PATIENT SERVICE PROGRAM: OUTPATIENT, A FULL RANGE OF DIAGNOSTIC AND TREATMENT SERVICES ARE AVAILABLE AT SOLDIERS & SAILORS MEMORIAL HOSPITAL. WE ARE DEDICATED TO PROVIDING A COMPREHENSIVE ARRAY OF HEALTHCARE SERVICES TO PEOPLE IN THE FINGER LAKES REGION.
PATIENT SERVICE PROGRAM: LONG TERM CARE, SOLDIERS & SAILORS MEMORIAL HOSPITAL OPERATES A 130-BED SKILLED NURSING FACILITY AND A 20-BED LONG-TERM BEHAVIORAL INTERVENTION SERVICE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tamara A Prull MD Phyiscian Ed | 40 | $397,075 | |
Douglas M Sinclair MD Phyiscian Ed | 40 | $357,091 | |
Luke B Chen MD Physician | 40 | $311,897 | |
Sixto R Medina MD Physician | 40 | $309,770 | |
Jeffrey D Christenson MD Physician | 40 | $262,161 | |
Robert Anderson MD Director | Trustee | 1 | $236,049 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $242,674 |
| Government grants | $2,322,966 |
| All other contributions, gifts, grants, and similar amounts not included above | $142,695 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,708,335 |
| Total Program Service Revenue | $35,172,564 |
| Investment income | $489,919 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$25,603 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $38,410,105 |
| 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. | $252,706 |
| Compensation of current officers, directors, key employees. | $252,706 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $19,702,959 |
| Pension plan accruals and contributions | $231,504 |
| Other employee benefits | $1,811,477 |
| Payroll taxes | $1,070,781 |
| Fees for services: Management | $603,759 |
| Fees for services: Legal | $107,196 |
| Fees for services: Accounting | $69,709 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $55,750 |
| Advertising and promotion | $110,928 |
| Office expenses | $296,087 |
| Information technology | $602,218 |
| Royalties | $0 |
| Occupancy | $823,786 |
| Travel | $31,942 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $45,100 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,036,121 |
| Insurance | $435,690 |
| All other expenses | $912,017 |
| Total functional expenses | $38,333,738 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $40,507 |
| Savings and temporary cash investments | $6,183,446 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,637,269 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $998,997 |
| Inventories for sale or use | $370,344 |
| Prepaid expenses and deferred charges | $332,097 |
| Net Land, buildings, and equipment | $16,146,586 |
| Investments—publicly traded securities | $20,050,820 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $3,545,922 |
| Other assets | $206,173 |
| Total assets | $51,512,161 |
| Accounts payable and accrued expenses | $3,606,881 |
| Grants payable | $0 |
| Deferred revenue | $6,359,606 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $206,173 |
| 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 | $467,651 |
| Total liabilities | $10,640,311 |
| Net assets without donor restrictions | $40,871,850 |
| 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 | $51,512,161 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Soldiers & Sailors Memorial has recieved totaling $242,674.
| Awarding Organization | Amount |
|---|---|
Finger Lakes Health Foundation Inc Geneva, NY PURPOSE: SUPPORT FOR CAPITAL NEEDS | $242,674 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Northwestern Medical Center Inc St Albans, VT | $180,177,619 | $138,585,936 |
Lehigh Valley Hospital - Schuykill Allentown, PA | $123,931,422 | $141,448,853 |
Beth Israel Deaconess Hospital - Needham Inc Needham, MA | $170,627,277 | $126,877,037 |
Mount St Marys Hospital Of Niagara Falls Buffalo, NY | $85,822,879 | $119,030,413 |
Windham Community Memorial Hospital Inc Willimantic, CT | $68,084,533 | $121,054,683 |
St Lukes Quakertown Hospital Allentown, PA | $224,667,230 | $112,978,373 |
Claxton-Hepburn Medical Center Odensburg, NY | $148,754,209 | $110,908,691 |
Geneva General Hospital Geneva, NY | $241,263,281 | $108,269,094 |
Upmc Pittsburgh, PA | $122,342,039 | $105,892,952 |
Day Kimball Healthcare Inc Putnam, CT | $92,107,218 | $109,975,454 |
Northeastern Pennsylvania Health Corporation Allentown, PA | $304,803,492 | $145,234,138 |
Nathan Littauer Hospital Association Gloversville, NY | $137,432,154 | $112,130,166 |