Richmond Medical Center, operating under the name Richmond University Medical Center, is located in Staten Island, NY. The organization was established in 2007. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. As of 12/2019, Richmond University Medical Center employed 3,228 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 12/2019, Richmond University Medical Center generated $359.9m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $369.9m during the year ending 12/2019. While expenses have increased by 4.0% 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
PROVISION OF HEALTH CARE SERVICES TO THE PUBLIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RICHMOND UNIVERSITY MEDICAL CENTER (RUMC OR THE MEDICAL CENTER) IS A 448 LICENSED BED, ACUTE CARE HOSPITAL SERVING NEARLY 500,000 RESIDENTS OF STATEN ISLAND, NEW YORK. THE MAIN CAMPUS IS LOCATED IN THE WEST BRIGHTON SECTION OF STATEN ISLAND.RUMC PROVIDES VARIOUS INPATIENT AND OUTPATIENT SERVICES, INCLUDING: MEDICAL/SURGICAL, PEDIATRICS, OBSTETRICS/GYNECOLOGY, NICU, A DESIGNATED STROKE CENTER, A LEVEL 1 TRAUMA CENTER, BEHAVIORAL HEALTH SERVICES, EMERGENCY SERVICES AND CLINIC SERVICES. CONTINUED ON SCHEDULE O.THE MEDICAL CENTER ALSO PROVIDES AN ARRAY OF COMMUNITY OUTREACH SERVICES INCLUDING HEALTH EDUCATION, FREE AND LOW COST SCREENINGS AND IMMUNIZATIONS, A WIC PROGRAM, AND VARIOUS OTHER OUTPATIENT SERVICES.THE MEDICAL CENTER PROVIDES FOR THE HEALTHCARE NEEDS OF STATEN ISLAND'S MOST INDIGENT AND MARGINALIZED RESIDENTS. BASED ON COST, IN 2019, APPROXIMATELY $6,081,000 IN CHARITY CARE WAS PROVIDED TO PATIENTS WHO MEET CERTAIN NYS DEPARTMENT OF HEALTH AND SENIOR SERVICES CRITERIA. THESE PATIENTS RECEIVED SERVICES WITHOUT CHARGE OR AT AMOUNTS LESS THAN ESTABLISHED RATES. THE MEDICAL CENTER ALSO PROVIDED COMMUNITY BENEFITS BY PROVIDING SERVICES TO MEDICAID PATIENTS AT RATES THAT WERE BELOW THE COSTS FOR PROVIDING SUCH SERVICES. IN 2019, INPATIENT VOLUME EXCEEDED 14,000 INPATIENT DISCHARGES ACCOUNTING FOR OVER 75,000 PATIENT DAYS. OUTPATIENT VOLUME EXCEEDED 55,000 EMERGENCY ROOM VISITS AND OVER 203,000 OTHER OUTPATIENT VISITS. THE LARGEST PROGRAM SERVICES BY EXPENSES ARE: MEDICAL / SURGICAL, BEHAVIORAL HEALTH AND OBSTETRICS / GYNECOLOGY.1) MEDICAL / SURGICAL:THE MEDICAL CENTER PROVIDED COMPREHENSIVE INPATIENT AND OUTPATIENT MEDICAL/SURGICAL SERVICES TO THOUSANDS OF PATIENTS IN 2019. DURING THE YEAR, THE MEDICAL CENTER PERFORMED OVER 1,500 INPATIENT AND 5,500 OUTPATIENT SURGERIES. MEDICAL/SURGICAL SERVICES INCLUDE ENDOSCOPY, PAIN MANAGEMENT, VASCULAR SURGERY, UROLOGIC SURGERY, SPORTS MEDICINE, JOINT REPLACEMENT, AND ARTHROSCOPIC SURGERY. 2) BEHAVIORAL HEALTH:BEHAVIORAL HEALTH SERVICES AT THE MEDICAL CENTER TREATED THOUSANDS OF ADULTS AND CHILDREN IN 2019. DURING THE YEAR, BEHAVIORAL HEALTH INPATIENT DISCHARGES TOTALED OVER 1,200 AND ACCOUNTED FOR MORE THAN 14,000 PATIENT DAYS. INPATIENT SERVICES INCLUDED A PSYCHIATRIC UNIT, A CHILD AND ADOLESCENT PROGRAM SERVICES. BEHAVIOR HEALTH OUTPATIENT CARE IS AVAILABLE THROUGH THE COMPREHENSIVE PSYCHIATRIC EMERGENCY PROGRAM (CPEP), WHICH PROVIDES IMMEDIATE ACUTE PSYCHIATRIC CARE WITH AN EXTENDED OBSERVATION BED UNIT AND A MOBILE OUTREACH TEAM. OTHER OUTPATIENT SERVICES INCLUDE A CONTINUING DAY TREATMENT PROGRAM, SUBSTANCE ABUSE OUTPATIENT CLINICS, A SUBSTANCE ABUSE CRISIS CENTER, A GAMBLERS TREATMENT CENTER AND AN ONGOING EVALUATION AND REFERRAL SERVICE.ACQUISITION OF STATEN ISLAND MENTAL HEALTH SOCIETY, INC.:THE MEDICAL CENTER MERGED IN STATEN ISLAND MENTAL HEALTH SOCIETY, INC., EFFECTIVE JANUARY 1, 2019, AND RECORDED AN INHERENT CONTRIBUTION TOTALING $1,284,862 DURING 2019, WHICH REPRESENTS THE EXCESS OF THE NET ACQUISITION DATE FAIR VALUE OF ASSETS ACQUIRED AND LIABILITIES ASSUMED. THE BUSINESS COMBINATION WAS DONE TO ADVANCE THE RESPECTIVE CORPORATE AND CHARITABLE PURPOSES AND MISSIONS. NO CONSIDERATION WAS TRANSFERRED IN THIS TRANSACTION, AND THE ACQUIRED ENTITY WAS DISSOLVED. THIS INHERENT CONTRIBUTION WAS RECORDED AS A COMPONENT OF OTHER INCOME (LOSS), AND INCREASED THE PERFORMANCE INDICATOR BY $1,284,862 DURING 2019. ANY NET PROCEEDS FROM ANY FUTURE SALE OF REAL PROPERTY ACQUIRED IN THIS TRANSACTION MUST BE USED FOR BEHAVIORAL AND MENTAL HEALTH SERVICES.ACQUISITION COSTS INCURRED AND EXPENSED IN CONNECTION WITH THIS TRANSACTION WERE NOT MATERIAL. NO GOODWILL OR OTHER INTANGIBLE ASSETS WERE ACQUIRED IN THIS TRANSACTION. THE CONTRACTUAL AMOUNTS OF ACCOUNTS RECEIVABLE APPROXIMATE FAIR VALUE DUE TO THEIR SHORT-TERM NATURE.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Daniel Messina President & CEO | OfficerTrustee | 37.5 | $1,019,354 |
Loren Harris MD Medical Chairman | Officer | 40 | $753,820 |
Michael L Morretti Chairman Of Ob/gyn | Officer | 37.5 | $686,405 |
Phillip Otterbeck Physician | 40 | $625,789 | |
Douglas Cohen MD Physician | 40 | $591,471 | |
Eli Serur Physician | 40 | $587,948 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Richmond Emergency Associates Emergency Room Doctor Staffing | 12/30/19 | $1,484,140 |
Petrone Associates Llc Consulting Services | 12/30/19 | $512,040 |
Dialysis Clinical Inc (Dci) Acute Services Fees | 12/30/19 | $979,094 |
Nexera Consulting Purchasing Services | 12/30/19 | $496,058 |
Restorix Health Wound Care Services | 12/30/19 | $1,005,093 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $2,087,000 |
Government grants | $27,864,814 |
All other contributions, gifts, grants, and similar amounts not included above | $619,782 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $30,571,596 |
Total Program Service Revenue | $313,725,250 |
Investment income | $500,514 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $614,690 |
Net Gain/Loss on Asset Sales | $365,124 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $359,868,185 |
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. | $5,911,919 |
Compensation of current officers, directors, key employees. | $827,669 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $174,356,064 |
Pension plan accruals and contributions | $16,066,830 |
Other employee benefits | $31,754,394 |
Payroll taxes | $11,978,570 |
Fees for services: Management | $22,799,247 |
Fees for services: Legal | $791,918 |
Fees for services: Accounting | $482,262 |
Fees for services: Lobbying | $45,104 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $11,719,954 |
Advertising and promotion | $892,408 |
Office expenses | $1,429,205 |
Information technology | $287,247 |
Royalties | $0 |
Occupancy | $1,711,331 |
Travel | $188,843 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $327,576 |
Interest | $633,991 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $9,223,299 |
Insurance | $10,212,016 |
All other expenses | $3,751,288 |
Total functional expenses | $369,874,729 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $21,049,056 |
Savings and temporary cash investments | $9,794,090 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $43,749,777 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $11,928,919 |
Inventories for sale or use | $6,367,985 |
Prepaid expenses and deferred charges | $1,815,103 |
Net Land, buildings, and equipment | $104,074,584 |
Investments—publicly traded securities | $0 |
Investments—other securities | $50,000 |
Investments—program-related | $0 |
Intangible assets | $48,373 |
Other assets | $97,911,764 |
Total assets | $296,789,651 |
Accounts payable and accrued expenses | $65,918,253 |
Grants payable | $0 |
Deferred revenue | $3,082,832 |
Tax-exempt bond liabilities | $66,617,015 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $3,615,019 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $84,404,075 |
Total liabilities | $223,637,194 |
Net assets without donor restrictions | $64,390,296 |
Net assets with donor restrictions | $8,762,161 |
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 | $296,789,651 |
Over the last fiscal year, we have identified 2 grants that Richmond Medical Center has recieved totaling $8,102.
Awarding Organization | Amount |
---|---|
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: GENERAL SUPPORT | $4,051 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: GENERAL SUPPORT | $4,051 |
Beg. Balance | $344,647 |
Ending Balance | $344,647 |
Organization Name | Assets | Revenue |
---|---|---|
Southcoast Hospitals Group Inc New Bedford, MA | $1,213,595,255 | $936,796,802 |
Physician Affiliate Group Of New York Pc New York, NY | $43,916,366 | $787,911,025 |
Capital Health System Inc Trenton, NJ | $918,521,088 | $733,246,383 |
South Shore University Hospital Westbury, NY | $465,657,019 | $728,270,879 |
Svmc Holdings Inc Bridgeport, CT | $272,750,174 | $429,886,007 |
St Barnabas Hospital Bronx, NY | $390,221,434 | $434,526,701 |
Richmond Medical Center Staten Island, NY | $296,789,651 | $359,868,185 |
Trinitas Regional Medical Center A New Jersey Nonprofit Corporation Elizabeth, NJ | $444,293,804 | $324,505,436 |
Holy Spirit Hospital Of The Sisters Of Christian Charity Hershey, PA | $95,423,962 | $326,188,059 |
Barnabas Health Medical Group P C West Orange, NJ | $73,493,992 | $290,297,174 |
St Joseph Regional Health Network Reading, PA | $158,961,290 | $261,470,847 |
Winchester Hospital Winchester, MA | $449,193,408 | $287,832,966 |