Sarah Herzog Memorial Hospital
- Assets
- $217.7m
- Revenue
- $68.0m
- Investments
- $0.0
- Employees
- 680
- Location
- Founding
- 02/2001
- Data as of
- 12/2022
- 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 12/2022, Sarah Herzog Memorial Hospital employed 680 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 12/2022, Sarah Herzog Memorial Hospital generated $68.0m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $56.1m during the year ending 12/2022. While expenses have increased by 7.9% per year over the past 4 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
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 |
|---|---|---|---|
Orna Cohen COO | Officer | 40 | $381,511 |
Dr Jacob Haviv Chief Medica | Officer | 40 | $355,082 |
Tzvia Levy Head Nursing | Officer | 40 | $211,660 |
Genia Gelfin Physician | Officer | 40 | $188,727 |
Esther Lee Marcus Head Of Resp | Officer | 40 | $177,394 |
Benny Ben-Shoham Board Member | Trustee | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
A Sadeh Projects Ltd Construction | 12/30/22 | $4,576,908 |
Hemlah Health Services | 12/30/22 | $4,161,068 |
Miriam Personnel And Services Ltd Manpower | 12/30/22 | $3,197,559 |
Lagaat Mekarov Manpower Ltd Manpower | 12/30/22 | $1,211,087 |
Sarel Supplies | 12/30/22 | $579,615 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $2,979,669 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,259,484 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,239,153 |
| Total Program Service Revenue | $64,587,859 |
| Investment income | -$2,607,238 |
| 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 | $68,006,098 |
| 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 | $38,967,815 |
| Pension plan accruals and contributions | $4,248,375 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,507 |
| Fees for services: Accounting | $109,804 |
| 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 | $108,044 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $13,568 |
| 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 | $3,521,689 |
| Insurance | $201,232 |
| All other expenses | $1,563,426 |
| Total functional expenses | $56,086,285 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,841,310 |
| Savings and temporary cash investments | $4,017,162 |
| Pledges and grants receivable | $1,655,993 |
| Accounts receivable, net | $21,074,270 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $706,895 |
| Prepaid expenses and deferred charges | $264,802 |
| Net Land, buildings, and equipment | $113,500,177 |
| Investments—publicly traded securities | $48,611,432 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $217,672,041 |
| Accounts payable and accrued expenses | $5,726,032 |
| Grants payable | $0 |
| Deferred revenue | $175,911 |
| 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 | $50,248,976 |
| Total liabilities | $56,150,919 |
| Net assets without donor restrictions | $154,919,559 |
| Net assets with donor restrictions | $6,601,563 |
| 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 | $217,672,041 |
Peer Organizations
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|---|