Phelps Medical Services Pc
- Assets
- $14.1m
- Revenue
- $85.6m
- Investments
- $0.0
- Employees
- 340
- Location
- Sleepy Hollow, NY
- Founding
- 01/2014
- Data as of
- 12/2022
- EIN
- 27-4416017
Organization Overview
Phelps Medical Services Pc is located in Sleepy Hollow, NY. The organization was established in 2014. According to its NTEE Classification (E30) the organization is classified as: Ambulatory & Primary Health Care, under the broad grouping of Health Care and related organizations. As of 12/2022, Phelps Medical Services Pc employed 340 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Phelps Medical Services Pc 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, Phelps Medical Services Pc generated $85.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.1% each year . All expenses for the organization totaled $93.9m during the year ending 12/2022. While expenses have increased by 21.6% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
A TAX EXEMPT CORPORATION ORGANIZED FOR THE SOLE PURPOSE OF SUPPORTING THE CHARITABLE PURPOSES OF PHELPS MEMORIAL HOSPITAL ASSOCIATION,BY ENGAGING IN THE PRACTICE OF MEDICINE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT AND FURTHER THE CHARITABLE PURPOSES OF PHELPS MEMORIAL HOSPITAL ASSOCIATION, (THE HOSPITAL) BY ENGAGING IN THE PRACTICE OF MEDICINE AS DIRECTED BY THE HOSPITAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Floyd Byfield Chf, Div Gastroentrlgy | 50 | $797,185 | |
Dina Katz Practice Physician | 50 | $647,612 | |
Richard Findling Assoc Director | 50 | $634,011 | |
Tobe Banc Svp, Medical Director | 50 | $585,612 | |
Lisa Beth Spiryda Dir, Ob/gyn | 50 | $550,866 | |
Robbins Gottlock President | OfficerTrustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Harley Construction Management Corp Construction | 12/30/22 | $781,972 |
412 N Main Street Llc Construction | 12/30/22 | $351,407 |
Jackson And Coker Holdings Llc Staffing Services | 12/30/22 | $219,370 |
Blue Moon Cleaning Services | 12/30/22 | $111,225 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,375 |
| 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 | $1,375 |
| Total Program Service Revenue | $81,329,499 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $390,186 |
| 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 | $85,628,153 |
| 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 | $64,602,182 |
| Pension plan accruals and contributions | $2,583,453 |
| Other employee benefits | $5,180,666 |
| Payroll taxes | $3,182,275 |
| Fees for services: Management | $274,469 |
| Fees for services: Legal | $5,310 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $7,202 |
| Office expenses | $2,727,829 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,510,802 |
| Travel | $39,085 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $75,303 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $636,480 |
| Insurance | $3,364,782 |
| All other expenses | $188,693 |
| Total functional expenses | $93,877,250 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $325 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,552,922 |
| 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 | $125,104 |
| Net Land, buildings, and equipment | $5,117,674 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,331,654 |
| Total assets | $14,127,679 |
| Accounts payable and accrued expenses | $7,305,110 |
| 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 | $0 |
| Other liabilities | $13,122,701 |
| Total liabilities | $20,427,811 |
| Net assets without donor restrictions | -$6,300,132 |
| 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 | $14,127,679 |