Clifton Springs Sanitarium Co
- Assets
- $110.1m
- Revenue
- $143.1m
- Investments
- $4.0m
- Employees
- 1,157
- Location
- Clifton Springs, NY
- Founding
- 02/1938
- Data as of
- 12/2023
- EIN
- 16-0743966
Organization Overview
Clifton Springs Sanitarium Co is located in Clifton Springs, NY. The organization was established in 1938. 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 12/2023, Clifton Springs Sanitarium Co employed 1,157 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Clifton Springs Sanitarium Co 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 12/2023, Clifton Springs Sanitarium Co generated $143.1m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $125.0m during the year ending 12/2023. While expenses have increased by 9.2% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
HEALTHCARE ON A NONPROFIT BASIS TO PROMOTE THE HEALTH OF THE COMMUNITY AS A WHOLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION HAS TWO COMPONENTS: 1) A TAX EXEMPT HOSPITAL THAT PROVIDES INPATIENT AND OUTPATIENT HEALTH CARE SERVICES TO ONTARIO COUNTY AND THE SURROUNDING COMMUNITIES AND 2) A SKILLED NURSING HOME FACILITY OFFERING 24 HOUR NURSING CARE AND SPECIALIZED CARE FOR INDIVIDUALS. SEE SCHEDULE H FOR CHARITY CARE DETAIL. SEE SCHEDULE O FOR ADDITIONAL DETAILS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Holly Adams Chair Of The Board | OfficerTrustee | 1 | $0 |
Kerry Adams Vice Chair/treasurer | OfficerTrustee | 1 | $0 |
Robert Woodhouse Treasurer | OfficerTrustee | 1 | $0 |
Sidney Sobel MD Secretary | OfficerTrustee | 1 | $0 |
Richard Davis PHD CEO | OfficerTrustee | 3 | $168,120 |
Nicholas Day MD Director / Physician | Trustee | 40 | $550,591 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Tallavera Contractor | 12/30/23 | $1,855,654 |
Alliance Healthcare Services Radiology, Interven & Oncology | 12/30/23 | $824,111 |
Dga Builders Construction Services | 12/30/23 | $789,752 |
Healthcare Workforce Logistics Holdings Contractor | 12/30/23 | $674,396 |
John W Danforth Co Contractor | 12/30/23 | $293,053 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,003,508 |
| Government grants | $12,601,555 |
| All other contributions, gifts, grants, and similar amounts not included above | $35,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,640,563 |
| Total Program Service Revenue | $127,959,402 |
| Investment income | $75,132 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $136,680 |
| Net Gain/Loss on Asset Sales | $3,589 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $143,128,259 |
| 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. | $2,048,944 |
| Compensation of current officers, directors, key employees. | $97,313 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $48,972,304 |
| Pension plan accruals and contributions | $425,745 |
| Other employee benefits | $5,027,322 |
| Payroll taxes | $2,566,469 |
| Fees for services: Management | $25,767 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $11,612 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $19,513,468 |
| Advertising and promotion | $100 |
| Office expenses | $624,794 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,226,590 |
| Travel | $34,719 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,055 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,111,093 |
| Insurance | $628,766 |
| All other expenses | $0 |
| Total functional expenses | $124,993,057 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,264,388 |
| Savings and temporary cash investments | $217,027 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,874,114 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,704,249 |
| Prepaid expenses and deferred charges | $507,774 |
| Net Land, buildings, and equipment | $48,620,385 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $4,023,206 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $31,883,189 |
| Total assets | $110,094,332 |
| Accounts payable and accrued expenses | $12,784,377 |
| Grants payable | $0 |
| Deferred revenue | $119,618 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $221,857 |
| 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 | $12,971,647 |
| Total liabilities | $26,097,499 |
| Net assets without donor restrictions | $72,810,663 |
| Net assets with donor restrictions | $11,186,170 |
| 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 | $110,094,332 |