Civic Intelligence

St. Barnabas Hospital

990 • Fiscal year 2018 • EIN 13-1740122

Jan 01, 2018 to Dec 31, 2018 • Filed on Oct 17, 2019

4422 Third AvenueBronx, NY 10457

(718) 960-9000

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

60th percentile

0.68x

Higher debt load relative to assets than 60% of similar nonprofits.

2018 filings • NTEE E • $250M-$1B nonprofits • Source year 2018

Liabilities / Revenue

70th percentile

0.63x

Higher debt load relative to revenue than 70% of similar nonprofits.

2018 filings • NTEE E • $250M-$1B nonprofits • Source year 2018

Net Margin

11th percentile

-3.3%

Higher net margin than 11% of similar nonprofits.

2018 filings • NTEE E • $250M-$1B nonprofits • Source year 2018

Top Officer Pay

18th percentile

$876,646

Higher top officer pay than 18% of similar nonprofits.

Top officer pay equals 0.2% of source-year revenue.

2018 filings • NTEE E • $250M-$1B nonprofits • Source year 2018

Asset Growth

17th percentile

-4.9%

Faster asset growth than 17% of similar nonprofits.

2018 filings • NTEE E • $250M-$1B nonprofits • Annualized from 2017 to 2018

Revenue Growth

48th percentile

4.0%

Faster revenue growth than 48% of similar nonprofits.

2018 filings • NTEE E • $250M-$1B nonprofits • Annualized from 2017 to 2018

Assets

Down

$376,656,547

Down $19,250,991 (-4.9%) from 2017

Net Assets

Down

$121,082,377

Down $19,909,942 (-14%) from 2017

Liabilities

Up

$255,574,170

Up $658,951 (+0.3%) from 2017

Revenue

Up

$404,769,092

Up $15,682,689 (+4.0%) from 2017

Expenses

Up

$418,107,292

Up $9,016,054 (+2.2%) from 2017

Net Income

Up

-$13,338,200

Up $6,666,635 (+33%) from 2017

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$800M$600M$400M$200M$0Assets 2010: $389,488,266Liabilities 2010: $213,219,588Net Assets 2010: $176,268,6782010Assets 2011: $382,288,907Liabilities 2011: $220,614,479Net Assets 2011: $161,674,4282011Assets 2012: $376,803,169Liabilities 2012: $223,884,819Net Assets 2012: $152,918,3502012Assets 2013: $401,507,652Liabilities 2013: $222,626,249Net Assets 2013: $178,881,4032013Assets 2014: $380,470,316Liabilities 2014: $233,342,634Net Assets 2014: $147,127,6822014Assets 2015: $389,522,672Liabilities 2015: $253,012,447Net Assets 2015: $136,510,2252015Assets 2016: $392,935,405Liabilities 2016: $243,090,474Net Assets 2016: $149,844,9312016Assets 2017: $395,907,538Liabilities 2017: $254,915,219Net Assets 2017: $140,992,3192017Assets 2018: $376,656,547Liabilities 2018: $255,574,170Net Assets 2018: $121,082,3772018Assets 2019: $390,221,434Liabilities 2019: $256,677,711Net Assets 2019: $133,543,7232019Assets 2020: $509,709,936Liabilities 2020: $333,806,210Net Assets 2020: $175,903,7262020Assets 2021: $456,185,314Liabilities 2021: $284,708,559Net Assets 2021: $171,476,7552021Assets 2022: $523,173,128Liabilities 2022: $351,163,592Net Assets 2022: $172,009,5362022Assets 2023: $570,320,467Liabilities 2023: $362,914,320Net Assets 2023: $207,406,1472023Assets 2024: $648,282,941Liabilities 2024: $410,702,620Net Assets 2024: $237,580,3212024

Highlighted filing

2018

Assets$376,656,547
Liabilities$255,574,170
Net Assets$121,082,377

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$800M$600M$400M$200M$0-$200MExpenses 2010: $319,287,9982010Expenses 2011: $333,917,2092011Expenses 2012: $347,375,1252012Revenue 2013: $353,254,424Expenses 2013: $349,321,637Net Income 2013: $3,932,7872013Revenue 2014: $338,787,337Expenses 2014: $346,018,253Net Income 2014: -$7,230,9162014Revenue 2015: $352,891,514Expenses 2015: $367,908,082Net Income 2015: -$15,016,5682015Revenue 2016: $370,930,142Expenses 2016: $386,103,996Net Income 2016: -$15,173,8542016Revenue 2017: $389,086,403Expenses 2017: $409,091,238Net Income 2017: -$20,004,8352017Revenue 2018: $404,769,092Expenses 2018: $418,107,292Net Income 2018: -$13,338,2002018Revenue 2019: $434,526,701Expenses 2019: $427,369,513Net Income 2019: $7,157,1882019Revenue 2020: $489,229,934Expenses 2020: $448,819,437Net Income 2020: $40,410,4972020Revenue 2021: $463,746,382Expenses 2021: $483,031,170Net Income 2021: -$19,284,7882021Revenue 2022: $513,303,770Expenses 2022: $500,687,396Net Income 2022: $12,616,3742022Revenue 2023: $573,321,036Expenses 2023: $549,725,172Net Income 2023: $23,595,8642023Revenue 2024: $603,257,963Expenses 2024: $585,180,710Net Income 2024: $18,077,2532024

Highlighted filing

2018

Revenue$404,769,092
Expenses$418,107,292
Net Income-$13,338,200
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Oct 17, 2019
Return Version
2018v3.1
Gross Receipts
$413,851,415
Mission and Program Overview

Mission

St. Barnabas hospital is committed to improving the health of our community and is dedicated to providing compassionate, comprehensive and innovative health care in a safe environment where the patient always comes first. All individuals will be provided complete, open and timely access to the highest quality of care, regardless of their ability to pay.

St. Barnabas hospital is committed to improving the health of our community and is dedicated to providing compassionate, comprehensive and innovative health care.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$220,514,161$213,667,454▼ $6,846,707
Accounts Receivable$31,500,970$32,891,218▲ $1,390,248
Investments in Publicly Traded Securities$43,493,331$29,914,918▼ $13,578,413
Savings and Temporary Cash Investments$10,222,373$9,054,301▼ $1,168,072
Prepaid Expenses and Deferred Charges$6,161,025$6,676,715▲ $515,690
Cash and Non-Interest-Bearing Accounts$4,033,577$5,064,351▲ $1,030,774
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$395,907,538$376,656,547▼ $19,250,991
Other Assets Total$79,982,101$79,387,590▼ $594,511
Liabilities
Mortgage Notes Payable Secured by Investment Property$115,015,975$112,368,161▼ $2,647,814
Accounts Payable and Accrued Expenses$84,597,251$83,709,548▼ $887,703
Other Liabilities$55,301,993$59,496,461▲ $4,194,468
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$254,915,219$255,574,170▲ $658,951
Net Assets / Fund Balance
Unrestricted Net Assets$117,005,717$99,123,800▼ $17,881,917
Permanently Rstr Net Assets$19,524,140$17,119,740▼ $2,404,400
Temporarily Rstr Net Assets$4,462,462$4,838,837▲ $376,375
Total Net Assets Fund Balance$140,992,319$121,082,377▼ $19,909,942
Total Liabilities and Net Assets / Fund Balance$395,907,538$376,656,547▼ $19,250,991

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$129,723,112$203,691,266$333,414,378
Equipment$40,270,024$230,783,869$271,053,894
Other Land Buildings$35,461,980$11,003,221$46,465,201
Leasehold Improvements$292,678$11,688,653$11,981,331
Land$7,919,660-$7,919,660
Other Assets Org$16,270,256--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$36,021,491$61,366▼ $710,857$12,108,716$23,252,489
2017$39,533,024$3,155,426▲ $4,343,796$10,999,539$36,021,491
2016$29,228,748$13,341,745▲ $2,255,417$5,280,386$39,533,024
2015$34,580,079$33,010▼ $36,772$5,347,569$29,228,748
2014$37,139,074$275,687▲ $2,234,209$5,000,000$34,580,079
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
David PerlsteinPresident/CEOFT$766,664$109,982$876,646
Ridwan ShabsighDirector SurgeryFT$795,840$25,471$821,311
Sulejman CelajDirector CardiologyFT$770,920$32,086$803,006
Ralph RahmeAttending Neuro SurgeryFT$619,748$81,329$701,077
Amy F KellsDirector Plastic SurgeryFT$639,689$56,397$696,086
Leonard WalshEvp/COOFT$640,355$29,590$669,945
Dmitriy V KarevDirector TraumaFT$587,963$31,725$619,688
Eric C AppelbaumSVP/Chief Medical OfficerFT$492,587$34,456$527,043
Keith D WolfSENIOR VP & General CounselFT$431,456$33,125$464,581
Mary GrochowskiSVP/CFOFT$375,337$32,573$407,910
Scott Cooper MDFormer OfficerFT$400,518$403,166$403,166
Irene KuafmannSVP. OP. Services & ED BPHCFT$310,825$12,623$323,448
Patricia S BelairSenior VPFT$290,582$21,566$312,148
Robert T ChurchVice PresidentFT$259,852$31,660$291,512
Ruth E CassidySenior VPFT$252,985$35,102$288,087

Highest Paid Contractors

ContractorServicesLocationCompensation
St Barnabas OBGYNPhysician Services4422 Third Avenue, Bronx, NY 10457$5,277,347
Bronx Anesthesia Services PCphysician services450 Manaroneck Avenue, Harrison, NY 10528$4,250,011
Epstein Becker Green PClegal services250 Park Avenue, New York, NY 10177$1,675,386
Bronx Internal Medicine Associatephysician services4422 Third Avenue, Bronx, NY 10457$950,086
NY Bronx PediatricsPhysician Services4422 Third Ave, Bronx, NY 10457$805,399
Revenue and Support

Revenue Composition

Contributions and Grants
$4,865,160
Program Service Revenue
$355,450,731
Investment Income
$5,155,245
Other Revenue
$39,297,956
All Other Contributions
$1,181,984
Change in Net Assets
$-13,338,200
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$269,363,197
Other Expenses$147,702,145
Grants and Similar Amounts Paid$1,041,950
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$154,990,810$46,295,956-$201,286,766
Other Employee Benefits$28,382,326$8,477,838-$36,860,164
Fees for Services Other$20,309,573$6,066,496-$26,376,069
Depreciation Depletion$16,379,042$4,892,441-$21,271,483
Office Expenses$12,426,558$3,711,829-$16,138,387
Payroll Taxes$10,826,541$3,233,902-$14,060,443
Pension Plan Contributions$9,687,803$2,893,759-$12,581,562
Fees for Services Management$12,510,351--$12,510,351
All Other Expenses-$12,379,858-$12,379,858
Insurance$9,222,704$2,754,834-$11,977,538
Information Technology$3,396,887$1,014,654-$4,411,541
Current Officers, Directors, Trustees, and Key Employees$3,211,744$959,352-$4,171,096
Interest$2,715,929$811,251-$3,527,180
Fees for Services Legal$3,292,392--$3,292,392
Occupancy$1,717,351$512,975-$2,230,326
Other Expenses$2,205,842$0$0$2,205,842
Grants to Domestic Orgs$1,041,950--$1,041,950
Conferences and Meetings$370,483$110,664-$481,147
Comp Disqual Persons-$403,166-$403,166
Fees for Services Accounting-$320,855-$320,855
Advertising$80,520$24,051-$104,571
Fees for Services Lobbying-$34,705-$34,705
Fees for Service Investment Mgmnt Fees-$20,485-$20,485
Total Functional Expenses$320,175,583$97,931,709$0$418,107,292
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Union Community Health CenterBronx, NY501(c)(3)General Support$750,000
Bronx Development FundNew York, NY501(c)(3)General Support$250,000
Bronx Overall Economic Development CorpBronx, NY501(c)(3)General Support$10,500
United Hospital FundNew York, NY501(c)(3)General Support$7,500

International Summary

Offices
0
Employees
0
Spending
$4,230,837

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
Yes
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
Yes

International Activities

RegionActivityServicesOfficesEmployeesSpending
Central America and the CaribbeanInvestments-00$2,179,160
Central America and the CaribbeanProgram ServicesCaptive Insurance00$2,051,677
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Pension Liability$35,874,760
Est Long-term Malpractice Liab$12,636,293
Other Long Term Liabilities$10,202,731
Accrued Postretirement Benefit$782,677
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 6

Members of the organization the organization has a single corporate member, st. Barnabas community enterprises, inc., which is a not-for-profit 501(c)(3) corporation.

Form 990, Part VI, Line 7A

Election of the governing body the sole corporate member elects the governing body of the organization.

Form 990, Part VI, Line 7B

Decisions of the governing body the member must approve any amendements to the bylaws of the organization.

Form 990, Part VI, Line 11B

REVIEW PROCESS FOR FORM 990 THE TAX RETURN WAS REVIEWED BY THE FINANCE COMMITTEE and an independent accounting firm PRIOR TO THE FILING DATE. A COPY OF THE FORM 990 IS MADE AVAILABLE TO THE ENTIRE BOARD OF DIRECTORS PRIOR TO FILING.

Form 990, Part VI, Line 12C

Conflict of interest policy st. Barnabas hospital's ("sbh") conflict of interest policies apply to its governing board, corporate officers, employees and any others representing the organization. Sbh's bylaws require that members of its governing board and its corporate officers disclose all conflicts of interest promptly at the time they arise, and annually via a written disclosure process. The governing board is in charge of reviewing conflict of interest transactions and associated decisions, and making a determination regarding any restrictions to be imposed on the transaction. Their determination and all material facts are recorded in meeting minutes. Sbh's employees are likewise required to disclose to their supervisors promptly, and in writing, all conflicts of interest that arise and upper-level managers additionally complete an annual conflict of interest disclosure statement. An employee's supervisor is charged with reviewing a reported conflict of interest and ensuring that the employee is not involved in decisions related to the conflict.

Form 990, Part VI, Line 15A & 15B

Compensation policy the compensation committee of the board conducts an annual review of the president/ceos and officer's compensation. As part of this review the committee references available market data to ensure they receive compensation that is in full compliance with the irs' rebuttable presumption of reasonableness for comparable positions and internal equity considerations, and utilizes an analysis of ceo/officers salaries prepared by an independent external advisor, using industry benchmarking data.

Form 990, Part VI, Line 19

DOCUMENTS AVAILABLE FOR PUBLIC INSPECTION Governing Documents, Conflict of Interest Policy and Financial Statements are made available to the general public upon request.

Filing and Contact Details

Filer

Filer Name
St Barnabas Hospital
EIN
13-1740122
In Care Of
% JERUSHA BONTE
Phone
7189609000
Address
4422 Third Avenue, Bronx, NY 10457
Doing Business As
SBH Health System

Signing Officer

Name
Mary Grochowski
Title
Sr. VP/CFO
Phone
7189609000
Signed
2019-10-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Perlstein Pres CEO
Formed
1866
Legal Domicile
Ny
Voting Board Members
19
Independent Board Members
19
Employees
3,171
Volunteers
343

Preparer

Firm
Ernst & Young US Llp
Address
5 TIMES SQUARE, NEW YORK, NY 10036
Preparer
Laura Kielczewski
Phone
2127733000
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D

Other program service accomplishments st. Barnabas hospital also provided various other programs to support the hospital's exempt purpose, such as financial aid programs and health and education promotion programs and various community outreach activities.

Form 990, Part XI, Line 9

OTHER CHANGES IN NET ASSETS CHANGE IN PENSION LIABILITY (2,200,787) Equitty Transfer from St. Barnabas Nursing Home 3,289,625 Net Assets Released from Restrictions (455,606) -------------------------------------------------------------------- TOTAL 633,228

Financial Statement Notes

Schedule D, Part V, Line 4

The Hospitals Endowment Fund is an internally limited fund of which the expenditures from the fund is limited to the uses and purposes as approved by the Hospitals Board of Trustees.

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IRS990/Form990PartVIISectionAGrp/PersonNm1Wilma Alonso
IRS990/Form990PartVIISectionAGrp/PersonNm2Afua Atta-Mensah Esq
IRS990/Form990PartVIISectionAGrp/PersonNm3Hon John A Barone
IRS990/Form990PartVIISectionAGrp/PersonNm4Nancy Busch Rossnagel PhD
IRS990/Form990PartVIISectionAGrp/PersonNm5Maureen D Donovan Esq
IRS990/Form990PartVIISectionAGrp/PersonNm6Helen Foster
IRS990/Form990PartVIISectionAGrp/PersonNm7David Harris
IRS990/Form990PartVIISectionAGrp/PersonNm8Artie Johnson
IRS990/Form990PartVIISectionAGrp/PersonNm9Richard G Ketchum
IRS990/Form990PartVIISectionAGrp/PersonNm10Andrew P Mezey MD
IRS990/Form990PartVIISectionAGrp/PersonNm11Charles Moerdler Esq
IRS990/Form990PartVIISectionAGrp/PersonNm12Karen Parrish
IRS990/Form990PartVIISectionAGrp/PersonNm13Todd Reinglass
IRS990/Form990PartVIISectionAGrp/PersonNm14Wendy Rodriguez
IRS990/Form990PartVIISectionAGrp/PersonNm15Elizabeth Sanchez LCSW
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IRS990/Form990PartVIISectionAGrp/PersonNm17Barry A Wintner CFA
IRS990/Form990PartVIISectionAGrp/PersonNm18Victor Wright
IRS990/Form990PartVIISectionAGrp/PersonNm19Mary Grochowski
IRS990/Form990PartVIISectionAGrp/PersonNm20David Perlstein
IRS990/Form990PartVIISectionAGrp/PersonNm21Leonard Walsh
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IRS990/Form990PartVIISectionAGrp/PersonNm25RUTH E CASSIDY
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IRS990/Form990PartVIISectionAGrp/PersonNm27Irene Kuafmann
IRS990/Form990PartVIISectionAGrp/PersonNm28Sulejman Celaj
IRS990/Form990PartVIISectionAGrp/PersonNm29Dmitriy V Karev
IRS990/Form990PartVIISectionAGrp/PersonNm30Amy F Kells
IRS990/Form990PartVIISectionAGrp/PersonNm31Ralph Rahme
IRS990/Form990PartVIISectionAGrp/PersonNm32RIDWAN SHABSIGH
IRS990/Form990PartVIISectionAGrp/PersonNm33Scott Cooper MD
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IRS990/Form990PartVIISectionAGrp/TitleTxt3Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt4Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt5Vice Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt6Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt7Vice Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt8Trustee
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IRS990/Form990PartVIISectionAGrp/TitleTxt11Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt12Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt13Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt14Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt15Secretary

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$648$411$238$603$585$18.1
2023Detailed filing. Detailed filing data is available for this year.$570$363$207$573$550$23.6
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$523$351$172$513$501$12.6
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$456$285$171$464$483$19.3
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$510$334$176$489$449$40.4
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$390$257$134$435$427$7.16
2018Detailed filing. Detailed filing data is available for this year.$377$256$121$405$418$13.3
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$396$255$141$389$409$20.0
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$393$243$150$371$386$15.2
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$390$253$137$353$368$15.0
2014Detailed filing. Detailed filing data is available for this year.$380$233$147$339$346$7.23
2013Detailed filing. Detailed filing data is available for this year.$402$223$179$353$349$3.93
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$377$224$153$347
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$382$221$162$334
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$389$213$176$319