Sarah Herzog Memorial Hospital
- Assets
- $232.1m
- Revenue
- $84.0m
- Investments
- $0.0
- Employees
- 622
- Location
- Founding
- 02/2001
- Data as of
- 12/2021
- EIN
- 98-0224967
Organization Overview
Sarah Herzog Memorial Hospital is located in null. The organization was established in 2001. 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 12/2021, Sarah Herzog Memorial Hospital employed 622 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sarah Herzog Memorial Hospital 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 12/2021, Sarah Herzog Memorial Hospital generated $84.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.4% each year . All expenses for the organization totaled $52.3m during the year ending 12/2021. While expenses have increased by 8.2% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE GERIATRIC, MEDICAL AND PSYCHIATRIC CARE TO PATIENTS AS A HOSPITAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVISION FOR COSTS OF MEDICAL CARE DELIVERED, RESEARCH, AND OTHER RELATED ACTIVITIES ASSOCIATED WITH A HOSPITAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Jacob Haviv Chief Medica | Officer | 40 | $328,700 |
Orna Cohen COO | Officer | 40 | $304,217 |
Tzvia Levy Head Nursing | Officer | 40 | $228,177 |
Pinchas Danan Head Of Psyc | Officer | 40 | $185,465 |
Genia Gelfin Physician | Officer | 40 | $177,639 |
Shamai Keinan Chairman Of | OfficerTrustee | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sadeh Construction | 12/30/21 | $14,984,430 |
Hemlah Health Services | 12/30/21 | $3,965,066 |
Miriyam Personnel And Services Ltd Manpower | 12/30/21 | $3,669,270 |
Lagaat Mekarov Manpower Ltd Manpower | 12/30/21 | $1,799,009 |
Ram Adherent Civil Engineering Construction | 12/30/21 | $1,457,519 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $5,061,135 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,470,427 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,531,562 |
| Total Program Service Revenue | $66,500,151 |
| Investment income | $3,446,755 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$34,329 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $84,046,676 |
| 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 | $37,760,850 |
| Pension plan accruals and contributions | $3,163,971 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $37,108 |
| Fees for services: Accounting | $22,703 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $119,231 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $18,788 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,183,885 |
| Insurance | $187,876 |
| All other expenses | $1,434,064 |
| Total functional expenses | $52,298,271 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,805,943 |
| Savings and temporary cash investments | $14,564,100 |
| Pledges and grants receivable | $1,472,624 |
| Accounts receivable, net | $22,530,520 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $698,933 |
| Prepaid expenses and deferred charges | $796,340 |
| Net Land, buildings, and equipment | $122,316,827 |
| Investments—publicly traded securities | $64,920,575 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $232,105,862 |
| Accounts payable and accrued expenses | $6,088,807 |
| Grants payable | $0 |
| Deferred revenue | $264,867 |
| 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 | $55,941,819 |
| Total liabilities | $62,295,493 |
| Net assets without donor restrictions | $164,168,378 |
| Net assets with donor restrictions | $5,641,991 |
| 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 | $232,105,862 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of B C Pension Plan For Members Of The Academic Staff | $3,025,719,215 | $359,674,505 |
Joint Israel | $84,677,000 | $114,475,000 |
Canadian Cancer Society | $200,130,513 | $130,810,132 |
The Research Institute Of The Mcgill University Health Centre | $143,882,376 | $113,346,903 |
Showa Womens University Inc | $490,588,621 | $122,348,892 |
Warszawski Uniwrsytet Medyczny | $608,220,527 | $118,223,341 |
Ottawa Hospital Research Institute | $151,403,830 | $102,882,433 |
Vancouver Foundation | $1,114,568,560 | $88,948,385 |
Foundation For Innovative New Diagnostics Find | $189,507,117 | $110,032,140 |
National Arts Centre Corporation | $237,709,768 | $100,347,000 |
Alliance For A Green Revolution In Africa | $114,568,714 | $92,216,743 |
Hong Kong International School Association Limited | $465,180,898 | $109,698,313 |