Faxton-St Lukes Healthcare
- Assets
- $336.2m
- Revenue
- $364.5m
- Investments
- $164.9m
- Employees
- 2,716
- Location
- Utica, NY
- Founding
- 02/2002
- Data as of
- 12/2021
- EIN
- 16-1576637
Organization Overview
Faxton-St Lukes Healthcare is located in Utica, NY. The organization was established in 2002. 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, Faxton-St Lukes Healthcare employed 2,716 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Faxton-St Lukes Healthcare 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, Faxton-St Lukes Healthcare generated $364.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $352.6m during the year ending 12/2021. While expenses have increased by 3.3% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FOR EXCELLENCE IN HEALTHCARE FOR OUR COMMUNITIES.
Describe the Organization's Program Activity:
INPATIENT/ACUTE CARE SERVICES - FSLH IS A FULL SERVICE GENERAL HOSPTIAL WITH 320 LICENSED BEDS. THE HOSPTIAL PROVIDES A FULL RANGE OF ANCILLARY SERVICES, INCLUDING MATERNITY AND NEWBORN CARE SERVICES. DISBURSEMENTS MADE BY THE HOSPTIAL ARE EXCLUSIVELY FOR SERVICES AND MATERIALS USED IN PERFORMING THE HOSPITAL'S EXEMPT FUNCTIONS. FSLH PROVIDES CARE TO EVERYONE REGARDLESS OF RACE, RELIGION OR ABILITY TO PAY.
RADIOLOGY/MEDICAL IMAGING - MVHS MEDICAL IMAGING PROVIDES DIAGNOSTIC AND INTERVENTIONAL RADIOLOGY USING RADIATION, SOUND WAVES OR MAGNETIC FIELDS IN MEDICAL DIAGNOSIS AND INCLUDES IMAGING TECHNOLOGY SUCH AS X-RAYS, COMPUTED TOMOGRAPHY (CT), MAGNETIC RESONANCE IMAGING (MRI) AND ULTRASOUND. MVHS OFFERS THE FOLLOWING MEDICAL IMAGING SERVICES AT 4 CENTRAL LOCATIONS, IN ADDITION TO THOSE OUTPATIENT X-RAY SERVICES PROVIDED AT VARIOUS PRIMARY CARE SITES: CT SCANS, ULTRASOUND, EMERGENCY RADIOLOGY, FLUOROSCOPY, INPATIENT X-RAY, OUTPATIENT X-RAY, INTERVENTIONAL RADIOLOGY, NUCLEAR MEDICINE, PET SCAN, DIGITAL MAMMOGRAPHY, 3D MAMMOGRAPHY, STEREOTACTIC AND ULTRASOUND BREAST BIOPSY AND BONE DENSITY/DEXA SCAN. MRI SERVICES ARE AVAILABLE AT THE ST LUKE'S CAMPUS, WHICH ARE PROVIDED BY COOPERATIVE MAGNETIC IMAGING.
RENAL DIALYSIS - THE DIALYSIS PROGRAM AT MOHAWK VALLEY HEALTH SYSTEM (MVHS) IS THE SOLE PROVIDER OF IP, OP AND HOME DIALYSIS TREATMENTS WITHIN 25 MILES TO THE EAST AND WEST, AND NEARLY 75 MILES TO THE NORTH AND SOUTH. IN 2021, PATIENTS FROM SEVEN COUNTIES, RECEIVED MORE THAN 58,000 DIALYSIS TREATMENTS AT ONE OF SEVEN FACILITIES LOCATED THROUGHOUT THE MOHAWK VALLEY. MVHS IS ONE OF THE LARGEST HOSPITAL-BASED DIALYSIS PROGRAMS IN THE COUNTRY AND IS GROWING TO ADDRESS THE UNMET NEEDS OF THE LOCAL POPULATION. ADDITIONALLY, MVHS PROVIDES HOME DIALYSIS TREATMENTS FOR PERITONEAL AND HOME HEMO.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher Max MD Physician | 50 | $953,665 | |
Darlene Stromstad President/ceo | OfficerTrustee | 30 | $917,310 |
Mario Carrillo DO Physician | 50 | $813,715 | |
Sushma Kaul MD Physician/medical Staff President | Trustee | 51 | $783,453 |
Andrew Pellecchia MD Physician | 50 | $746,058 | |
Eric Porritt MD Physician | 50 | $658,043 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sunset Anesthesia Associates Anesthesia Services | 12/30/21 | $4,473,413 |
Upstate Urology Physician/medical Services | 12/30/21 | $1,768,499 |
Sodexo Nutritional Services | 12/30/21 | $1,692,751 |
Davin Healthcare Medical Services | 12/30/21 | $4,028,007 |
United Health Services Physician/medical Services | 12/30/21 | $1,885,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $510,763 |
| Government grants | $4,325,408 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,250 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,837,421 |
| Total Program Service Revenue | $324,505,280 |
| Investment income | $5,082,568 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$112,382 |
| Net Gain/Loss on Asset Sales | $3,867,720 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $364,490,898 |
| 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. | $3,249,717 |
| Compensation of current officers, directors, key employees. | $1,754,316 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $152,264,424 |
| Pension plan accruals and contributions | $6,231,854 |
| Other employee benefits | $11,769,661 |
| Payroll taxes | $10,261,361 |
| Fees for services: Management | $1,898,268 |
| Fees for services: Legal | $535,433 |
| Fees for services: Accounting | $144,996 |
| Fees for services: Lobbying | $63,130 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $35,689,379 |
| Advertising and promotion | $550,546 |
| Office expenses | $852,038 |
| Information technology | $5,154,388 |
| Royalties | $0 |
| Occupancy | $7,415,985 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $490,894 |
| Interest | $688,788 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,767,023 |
| Insurance | $3,363,032 |
| All other expenses | $6,568,001 |
| Total functional expenses | $352,642,125 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,201,123 |
| Savings and temporary cash investments | $3,583,007 |
| Pledges and grants receivable | $109,860 |
| Accounts receivable, net | $33,978,717 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $9,147,694 |
| Prepaid expenses and deferred charges | $3,707,567 |
| Net Land, buildings, and equipment | $63,499,845 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $164,867,679 |
| Investments—program-related | $4,108,931 |
| Intangible assets | $0 |
| Other assets | $39,957,154 |
| Total assets | $336,161,577 |
| Accounts payable and accrued expenses | $43,199,619 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $19,472,306 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $3,458,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $69,896,209 |
| Total liabilities | $136,026,134 |
| Net assets without donor restrictions | $191,817,523 |
| Net assets with donor restrictions | $8,317,920 |
| 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 | $336,161,577 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Faxton-St Lukes Healthcare has recieved totaling $1,099,227.
| Awarding Organization | Amount |
|---|---|
Mohawk Valley Health System Foundation Utica, NY PURPOSE: GENERAL OPERATIONS, RENOVATIONS, EQUIPMENT | $1,092,805 |
John T Shea Tr Uw Residuary Tr K-A John T & Mina Shea Memrl Fund Norwich, NY PURPOSE: GENERAL OPERATING | $6,422 |
Endowment Analysis
| Beg. Balance | $10,413,508 |
| Earnings | $568,973 |
| Ending Balance | $10,982,481 |
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 |