Mohawk Valley Health System
- Assets
- $627.6m
- Revenue
- $104.6m
- Investments
- $424.6k
- Employees
- 0
- Location
- Utica, NY
- Founding
- 10/1991
- Data as of
- 12/2022
- EIN
- 22-3124162
Organization Overview
Mohawk Valley Health System is located in Utica, NY. The organization was established in 1991. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mohawk Valley Health System 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 12/2022, Mohawk Valley Health System generated $104.6m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 33.6% each year . All expenses for the organization totaled $12.4m during the year ending 12/2022. While expenses have increased by 2.1% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FOR EXCELLENCE IN HEALTHCARE FOR OUR COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO IMPROVE THE QUALITY OF SERVICES DELIVERED BY THE HOSPITALS AND OTHER TAX-EXPEMPT AFFILIATES WHICH ARE HEALTH CARE PROVIDERS WHILE AVOIDING DUPLICATION OF EFFORT AND FOSTERING ECONOMIES OF SCALE.
PROVIDES MEDICAID MANAGED CARE TO SENIORS LOCATED IN ONEIDA AND HERKIMER COUNTIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Darlene Stromstad President/ceo | Officer | 1 | $0 |
Sushma Kaul MD Physician/semc Med Staff President | Trustee | 0.5 | $0 |
Kent Hall MD Svp/physician Practice And Operations | 1 | $0 | |
Louis Aiello Sr Vp/cfo | Officer | 1 | $0 |
Mansoor Shahid Sr Vp/ COO | Officer | 1 | $0 |
Eric Yoss MD Former (cmo Interim 2019- Feb 2020 | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $92,537,032 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $92,537,032 |
| Total Program Service Revenue | $11,924,610 |
| Investment income | $67,241 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,711 |
| 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 | $104,558,940 |
| 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 | $1,882,680 |
| Pension plan accruals and contributions | $50,409 |
| Other employee benefits | $339,237 |
| Payroll taxes | $0 |
| Fees for services: Management | $208,874 |
| Fees for services: Legal | $29,907 |
| Fees for services: Accounting | $67,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,772,541 |
| Advertising and promotion | $930 |
| Office expenses | $18,647 |
| Information technology | $86,421 |
| Royalties | $0 |
| Occupancy | $132,549 |
| Travel | $11,739 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $510,901 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $81,556 |
| Insurance | $59,088 |
| All other expenses | $0 |
| Total functional expenses | $12,429,283 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $44,263 |
| Savings and temporary cash investments | $6,591,970 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $38,787 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $466,137,053 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $424,590 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $154,347,941 |
| Total assets | $627,584,604 |
| Accounts payable and accrued expenses | $19,280,757 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $280,138,431 |
| Other liabilities | $5,592,912 |
| Total liabilities | $305,012,100 |
| Net assets without donor restrictions | $5,583,992 |
| Net assets with donor restrictions | $316,988,512 |
| 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 | $627,584,604 |