Hudson Valley Cardiovascular Practice Pc
- Assets
- $15.3m
- Revenue
- $43.7m
- Investments
- $0.0
- Employees
- 256
- Location
- Poughkeepsie, NY
- Founding
- 10/2015
- Data as of
- 09/2020
- EIN
- 46-3756713
Organization Overview
Hudson Valley Cardiovascular Practice Pc is located in Poughkeepsie, NY. The organization was established in 2015. 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 09/2020, Hudson Valley Cardiovascular Practice Pc employed 256 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hudson Valley Cardiovascular Practice 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 09/2020, Hudson Valley Cardiovascular Practice Pc generated $43.7m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 15.7% each year . All expenses for the organization totaled $45.0m during the year ending 09/2020. While expenses have increased by 4.9% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE COMPREHENSIVE CARDIOVASCULAR SERVICES TO THE PATIENTS IN THE HUDSON VALLEY
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE CARDIOVASCULAR CARE TO PATIENTS IN THE HUDSON VALLEY
AFFILIATE REVENUE IS RECOGNIZED FOR PHYSICIAN OVERSIGHT MANAGEMENT FEES FROM ITS SUPPORTED ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Zubair Jafar MD Physician Interventional | 40 | $1,093,363 | |
Sankar Varanasi MD Physician Electrophysiology | 40 | $1,067,968 | |
Louis W Kantaros MD Physician Interventional | 40 | $1,054,305 | |
Simon Gorwara MD Physician Interventional | 40 | $1,014,566 | |
Lawrence W Solomon MD Physician Non-Invasive | 40 | $1,014,059 | |
Christopher M Lehrach MD Hvcp Pres./chief Physician Executive | OfficerTrustee | 1 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $42,933,593 |
| Investment income | $510 |
| 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 | $43,703,701 |
| 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 | $33,162,993 |
| Pension plan accruals and contributions | $824,490 |
| Other employee benefits | $2,712,858 |
| Payroll taxes | $1,302,402 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $44,835 |
| Advertising and promotion | $0 |
| Office expenses | $394,804 |
| Information technology | $544,509 |
| Royalties | $0 |
| Occupancy | $1,645,232 |
| Travel | $18,066 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $119,021 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $565,874 |
| Insurance | $478,842 |
| All other expenses | $21,183 |
| Total functional expenses | $45,035,993 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,124,866 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,326,623 |
| 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 | $711,236 |
| Net Land, buildings, and equipment | $3,447,825 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $3,341,997 |
| Other assets | $3,377,101 |
| Total assets | $15,329,648 |
| Accounts payable and accrued expenses | $3,552,712 |
| 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 | $20,909,235 |
| Total liabilities | $24,461,947 |
| Net assets without donor restrictions | -$9,132,299 |
| 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 | $15,329,648 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Northwestern Medical Center Inc St Albans, VT | $180,177,619 | $138,585,936 |
Lehigh Valley Hospital - Schuykill Allentown, PA | $123,931,422 | $141,448,853 |
Beth Israel Deaconess Hospital - Needham Inc Needham, MA | $170,627,277 | $126,877,037 |
Mount St Marys Hospital Of Niagara Falls Buffalo, NY | $85,822,879 | $119,030,413 |
Windham Community Memorial Hospital Inc Willimantic, CT | $68,084,533 | $121,054,683 |
St Lukes Quakertown Hospital Allentown, PA | $224,667,230 | $112,978,373 |
Claxton-Hepburn Medical Center Odensburg, NY | $148,754,209 | $110,908,691 |
Geneva General Hospital Geneva, NY | $241,263,281 | $108,269,094 |
Upmc Pittsburgh, PA | $122,342,039 | $105,892,952 |
Day Kimball Healthcare Inc Putnam, CT | $92,107,218 | $109,975,454 |
Northeastern Pennsylvania Health Corporation Allentown, PA | $304,803,492 | $145,234,138 |
Nathan Littauer Hospital Association Gloversville, NY | $137,432,154 | $112,130,166 |