Albany Medical Center
- Assets
- $17.3m
- Revenue
- $18.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Saratoga Springs, NY
- Founding
- 05/2012
- Data as of
- 12/2019
- EIN
- 45-3303309
Organization Overview
Albany Medical Center, operating under the name Malta Med Emergent Care, is located in Saratoga Springs, NY. The organization was established in 2012. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Malta Med Emergent Care 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 12/2019, Malta Med Emergent Care generated $18.8m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $15.9m during the year ending 12/2019. While expenses have increased by 4.4% per year over the past 5 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
TO SERVE THE PEOPLE OF ITS COMMUNITY BY RESPONDING TO THEIR HEALTH CARE NEEDS IN A SUPPORTIVE AND CARING ENVIRONMENT.
Describe the Organization's Program Activity:
THE FOREMOST COMMITMENT OF HEALTHCARE PARTNERS OF SARATOGA LTD (HCP) IS TO PROVIDE HIGH QUALITY, COST EFFECTIVE HEALTH CARE TO INDIVIDUALS AND FAMILIES IN THE COMMUNITIES IT SERVES REGARDLESS OF A PATIENT'S ABILITY TO PAY. HCP ACTIVELY SUPPORTS COMMUNITY-BASED HEALTHCARE AND PROMOTES THE COORDINATION OF SERVICES AMONG HEALTHCARE PROVIDERS AND SOCIAL SERVICES ORGANIZATIONS. IN ADDITION, HCP SEEKS TO WORK COLLABORATIVELY WITH OTHER HEALTH CARE PROVIDERS TO IMPROVE THE HEALTH STATUS OF ITS REGION. HCP IS DEFINED AS AN EMERGENT CARE CENTER, WHICH IS A CROSS BETWEEN AN URGENT CARE CENTER AND A HOSPITAL EMERGENCY DEPARTMENT. THEREFORE, THE FACILITY ACCOMMODATES A WIDE RANGE OF MEDICAL NEEDS. HCP OFFERS 24-HOUR ACCESS TO EMERGENCY MEDICINE PHYSICIANS FOR URGENT CARE. THESE PHYSICIANS ARE EQUIPPED TO TREAT PATIENTS WITH ANY LEVEL OF URGENT CARE NEEDS. PATIENTS TREATED AND TRIAGED ARE DISCHARGED HOME WITH FOLLOW UP TO THEIR PRIMARY CARE OR SPECIALIST, THUS AVOIDING AN EMERGENCY ROOM VISIT TO THEIR LOCAL HOSPITAL. DURING 2019, HCP ACCOMMODATED APPROXIMATELY 34,000 URGENT CARE VISITS. IN ADDITION, OTHER SERVICES PROVIDED DURING THE YEAR INCLUDED OUTPATIENT X-RAY (17,583 TESTS), ULTRASOUND (7,448 TESTS), COMPUTED TOMOGRAPHY (6,162 TESTS), MAGNETIC RESONANCE IMAGING (1,635 TESTS) AND LABORATORY SERVICES (189,054 TESTS).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Angelo G Calbone Vice President | Trustee | 2 | $0 |
Jeffrey Methven Director | Trustee | 2 | $0 |
Frances Albert Secretary | Trustee | 2 | $0 |
Vincent P Verdile Director | Trustee | 2 | $0 |
Steven M Frisch MD President | Trustee | 2 | $0 |
George Hickman Board Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Saratoga Emergency Physicians Inc Physicians Services | 12/30/18 | $429,098 |
Laboratory Corp Of America Medical Laboratory Testing | 12/30/18 | $290,314 |
Scribeamerica Transcription Services | 12/30/18 | $205,893 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $18,760,827 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| 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 | $18,761,699 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $25,333 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,315,492 |
| Advertising and promotion | $48,062 |
| Office expenses | $902,729 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $285,094 |
| Travel | $2,013 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $340 |
| Interest | $6,563 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,550,896 |
| Insurance | $170,926 |
| All other expenses | $31,530 |
| Total functional expenses | $15,945,012 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,224,208 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $982,905 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $151,996 |
| Prepaid expenses and deferred charges | $267,007 |
| Net Land, buildings, and equipment | $1,550,644 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,151,463 |
| Total assets | $17,328,223 |
| Accounts payable and accrued expenses | $2,150,073 |
| 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 | $45,926 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $12,151,463 |
| Total liabilities | $14,347,462 |
| Net assets without donor restrictions | $2,980,761 |
| 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 | $17,328,223 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Columbiadoctors Newyork-Presbyterian Imaging New York, NY | $48,011,662 | $60,111,009 |
Behavioral Wellness Center At Girard Philadelphia, PA | $26,586,230 | $42,933,018 |
Hackensack Meridian Health Inc Neptune, NJ | $16,398,664 | $35,763,522 |
Western Connecticut Health Network Inc Danbury, CT | $607,496,068 | $32,480,212 |
Baystate Health Inc Springfield, MA | $239,302,322 | $40,124,462 |
Harrington Physician Services Inc Southbridge, MA | $5,550,764 | $24,087,781 |
Auburn Memorial Medical Services Pc Auburn, NY | $2,235,754 | $24,512,215 |
Rochester Regional Health Rochester, NY | $128,642,293 | $30,753,165 |
Mass General Brigham Incorporated Boston, MA | $81,562,366 | $28,772,720 |
Centerville Clinics Inc Fredericktown, PA | $48,530,050 | $40,732,543 |
Oak Orchard Community Inc Brockport, NY | $20,165,727 | $27,606,467 |
Upstream Usa Inc Boston, MA | $120,584,353 | $35,269,071 |