Civic Intelligence

Samaritan Medical Center

990 • Fiscal year 2015 • EIN 15-0533577

Jan 01, 2015 to Dec 31, 2015 • Filed on Nov 03, 2016

830 Washington StreetWatertown, NY 13601

(315) 785-5702

Siviq Scores

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

Liabilities / Assets

58th percentile

0.60x

Higher debt load relative to assets than 58% of similar nonprofits.

2015 filings • NTEE E • $100M-$250M nonprofits • Source year 2015

Liabilities / Revenue

66th percentile

0.64x

Higher debt load relative to revenue than 66% of similar nonprofits.

2015 filings • NTEE E • $100M-$250M nonprofits • Source year 2015

Net Margin

32nd percentile

-0.0%

Higher net margin than 32% of similar nonprofits.

2015 filings • NTEE E • $100M-$250M nonprofits • Source year 2015

Top Officer Pay

50th percentile

$972,822

Higher top officer pay than 50% of similar nonprofits.

Top officer pay equals 0.5% of source-year revenue.

2015 filings • NTEE E • $100M-$250M nonprofits • Source year 2015

Asset Growth

76th percentile

10%

Faster asset growth than 76% of similar nonprofits.

2015 filings • NTEE E • $100M-$250M nonprofits • Annualized from 2014 to 2015

Revenue Growth

34th percentile

1.2%

Faster revenue growth than 34% of similar nonprofits.

2015 filings • NTEE E • $100M-$250M nonprofits • Annualized from 2014 to 2015

Assets

Up

$225,898,018

Up $20,704,937 (+10%) from 2014

Net Assets

Down

$89,830,773

Down $5,836,754 (-6.1%) from 2014

Liabilities

Up

$136,067,245

Up $26,541,691 (+24%) from 2014

Revenue

Up

$211,323,374

Up $2,410,563 (+1.2%) from 2014

Expenses

Up

$211,361,953

Up $10,883,655 (+5.4%) from 2014

Net Income

Down

-$38,579

Down $8,473,092 (-100%) from 2014

Historical Trend

Balance Sheet Trend

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

$400M$300M$200M$100M$0Assets 2010: $192,045,639Liabilities 2010: $106,610,637Net Assets 2010: $85,435,0022010Assets 2011: $198,607,571Liabilities 2011: $113,262,178Net Assets 2011: $85,345,3932011Assets 2012: $207,881,444Liabilities 2012: $119,258,858Net Assets 2012: $88,622,5862012Assets 2013: $205,390,346Liabilities 2013: $104,734,085Net Assets 2013: $100,656,2612013Assets 2014: $205,193,081Liabilities 2014: $109,525,554Net Assets 2014: $95,667,5272014Assets 2015: $225,898,018Liabilities 2015: $136,067,245Net Assets 2015: $89,830,7732015Assets 2016: $219,377,242Liabilities 2016: $124,607,969Net Assets 2016: $94,769,2732016Assets 2017: $257,536,551Liabilities 2017: $169,581,421Net Assets 2017: $87,955,1302017Assets 2018: $268,660,652Liabilities 2018: $162,003,085Net Assets 2018: $106,657,5672018Assets 2019: $274,698,092Liabilities 2019: $164,170,016Net Assets 2019: $110,528,0762019Assets 2020: $304,286,114Liabilities 2020: $194,867,330Net Assets 2020: $109,418,7842020Assets 2021: $312,272,896Liabilities 2021: $182,612,490Net Assets 2021: $129,660,4062021Assets 2022: $295,963,698Liabilities 2022: $176,587,494Net Assets 2022: $119,376,2042022Assets 2023: $282,296,477Liabilities 2023: $151,613,089Net Assets 2023: $130,683,3882023Assets 2024: $310,199,120Liabilities 2024: $169,740,669Net Assets 2024: $140,458,4512024

Highlighted filing

2015

Assets$225,898,018
Liabilities$136,067,245
Net Assets$89,830,773

Operations Trend

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

$400M$300M$200M$100M$0-$100MExpenses 2010: $166,929,4012010Expenses 2011: $176,932,1152011Expenses 2012: $193,135,4672012Revenue 2013: $204,663,713Expenses 2013: $197,872,800Net Income 2013: $6,790,9132013Revenue 2014: $208,912,811Expenses 2014: $200,478,298Net Income 2014: $8,434,5132014Revenue 2015: $211,323,374Expenses 2015: $211,361,953Net Income 2015: -$38,5792015Revenue 2016: $221,183,241Expenses 2016: $212,401,544Net Income 2016: $8,781,6972016Revenue 2017: $221,067,636Expenses 2017: $218,771,544Net Income 2017: $2,296,0922017Revenue 2018: $268,030,058Expenses 2018: $237,036,295Net Income 2018: $30,993,7632018Revenue 2019: $276,724,032Expenses 2019: $261,979,959Net Income 2019: $14,744,0732019Revenue 2020: $278,984,116Expenses 2020: $266,844,949Net Income 2020: $12,139,1672020Revenue 2021: $300,028,905Expenses 2021: $278,766,701Net Income 2021: $21,262,2042021Revenue 2022: $302,376,018Expenses 2022: $301,700,076Net Income 2022: $675,9422022Revenue 2023: $349,190,909Expenses 2023: $335,638,868Net Income 2023: $13,552,0412023Revenue 2024: $376,594,512Expenses 2024: $360,278,973Net Income 2024: $16,315,5392024

Highlighted filing

2015

Revenue$211,323,374
Expenses$211,361,953
Net Income-$38,579
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Nov 3, 2016
Return Version
2015v2.1
Gross Receipts
$211,673,743
Mission and Program Overview

Mission

Samaritan medical center operates an acute care hospital facility in watertown, new york, serving jefferson, oswego and st. Lawrence counties. This 290-bed facility provides inpatient care, psychiatric services, ambulatory surgery, primary and emergency care and other outpatient services.

Samaritan medical center operates an acute care hospital facility in watertown, new york, serving jefferson, oswego and st. Lawrence counties. This 294-bed facility provides inpatient care, psychiatric services, ambulatory surgery, primary and emergency care and other outpatient services.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$107,822,515$122,148,573▲ $14,326,058
Savings and Temporary Cash Investments$36,708,575$38,272,548▲ $1,563,973
Accounts Receivable$25,183,338$24,782,753▼ $400,585
Prepaid Expenses and Deferred Charges$3,011,051$3,936,433▲ $925,382
Investments Other Securities$3,972,148$3,912,530▼ $59,618
Investments in Publicly Traded Securities$2,502,930$2,480,756▼ $22,174
Inventories for Sale or Use$2,224,336$2,414,054▲ $189,718
Cash and Non-Interest-Bearing Accounts$5,832$5,673▼ $159
Total Assets$205,193,081$225,898,018▲ $20,704,937
Other Assets Total$23,762,356$27,944,698▲ $4,182,342
Liabilities
Mortgage Notes Payable Secured by Investment Property$48,624,891$55,827,952▲ $7,203,061
Other Liabilities$28,167,080$41,964,793▲ $13,797,713
Accounts Payable and Accrued Expenses$32,733,583$31,574,500▼ $1,159,083
Tax Exempt Bond Liabilities-$6,700,000-
Total Liabilities$109,525,554$136,067,245▲ $26,541,691
Net Assets / Fund Balance
Unrestricted Net Assets$93,141,304$87,623,649▼ $5,517,655
Temporarily Rstr Net Assets$1,651,752$1,332,653▼ $319,099
Permanently Rstr Net Assets$874,471$874,471→ $0
Total Net Assets Fund Balance$95,667,527$89,830,773▼ $5,836,754
Total Liabilities and Net Assets / Fund Balance$205,193,081$225,898,018▲ $20,704,937

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$23,762,990$117,643,197$141,406,187
Buildings$92,894,368$44,396,856$137,291,224
Leasehold Improvements$1,672,027$3,786,342$5,458,369
Other Land Buildings$2,653,136-$2,653,136
Land$1,166,052-$1,166,052
Other Assets Org$6,301,195--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$2,526,223$1,796,358-$2,115,457$2,207,124
2014$2,051,423$1,474,414-$999,614$2,526,223
2013$2,910,899$657,922-$1,517,398$2,051,423
2012$9,761,548$147,073-$6,997,722$2,910,899
2011$9,720,908$1,183,545-$1,142,905$9,761,548
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Thomas H CarmanPresident & CEO of SmcFT$521,840$450,982$972,822
Alejandro Rodriguez MdUrologistFT$683,847$147,163$831,010
Moonjohn Kim MdInterventional RadiologistFT$578,989$49,248$628,237
Joseph Wetterhahn MdFamily PracticeFT$284,819$263,218$548,037
Kevin Chandler MdUrologistFT$448,073$64,030$512,103
Shahandeh Haghir MdPathologistFT$415,132$42,850$457,982
Mario Victoria MdCMO of SmcFT$329,992$92,048$422,040
David Flint MdFormer TrusteeFT$260,863$99,690$360,553
Mary WhalenCOO of SmcFT$282,996$72,199$355,195
Michael ShortCIO of SmcFT$196,536$62,063$258,599
Thomas ShatrawVP of Hr of SmcFT$179,804$49,709$229,513
Sean MillsCFOFT$182,838$43,050$225,888
Jack Rush MdFormer TrusteeFT$139,870$65,219$205,089
Paul KraegerTreasurer, Sr. VP of FinancePT$135,294$36,212$171,506
David Rechlin DoTrusteeFT$130,000$32,821$162,821
BRIAN O'HEARNFormer Key Employee-$104,998$104,998$104,998

Highest Paid Contractors

ContractorServicesLocationCompensation
Jefferson Anesthesiologist ServicesAnesthesia Services826 WASHINGTON ST, Watertown, NY 13601$2,906,609
LocumtenenscomPurchased ServicesPO BOX 405547, Atlanta, GA 30384$1,247,701
North Country Orthopaedic GroupPurchased Services1571 WASHINGTON ST SUITE 201, Watertown, NY 13601$1,142,409
Fresenius Management Services LLCPurchased Services221 MCGUCKIN ST SUITE 100, Chester, MD 21619$793,212
-Purchased Services16343 COLLECTION CENTER DR, Chicago, IL 60693$595,208
Revenue and Support

Revenue Composition

Contributions and Grants
$3,920,187
Program Service Revenue
$204,110,837
Investment Income
$530,750
Other Revenue
$2,761,600
All Other Contributions
$1,894,378
Change in Net Assets
$-38,579
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$116,262,137
Other Expenses$95,099,816
Total Fundraising Expense$759,208
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$77,111,111$10,354,260$475,301$87,940,672
Fees for Services Other$9,253,021$3,964,197-$13,217,218
Depreciation Depletion$8,908,535$3,058,868-$11,967,403
Other Employee Benefits$9,896,700$1,664,171$60,431$11,621,302
Pension Plan Contributions$6,299,438$1,059,276$38,465$7,397,179
Payroll Taxes$5,539,317$931,459$33,824$6,504,600
Occupancy$4,518,076$1,121,602-$5,639,678
Other Expenses$2,340,607$974,185$60,638$3,314,792
Information Technology$3,089,750$172,229$3,097$3,265,076
Current Officers, Directors, Trustees, and Key Employees$162,821$2,635,563-$2,798,384
All Other Expenses$1,607,905--$1,607,905
Office Expenses$350,985$1,222,564$30,903$1,604,452
Insurance$1,130,314$383,824-$1,514,138
Fees for Services Legal$15,896$922,316-$938,212
Interest$625,852$267,532-$893,384
Travel$111,393$217,078$8,338$336,809
Advertising$291,724-$1,615$293,339
Payments to Affiliates-$248,100-$248,100
Fees for Services Accounting-$147,833$14,311$162,144
Conferences and Meetings$15,329$69,187$2,367$86,883
Total Functional Expenses$175,911,460$34,691,285$759,208$211,361,953
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Retirement Plan Obligations$20,034,629
Estimated Third-party Payor Settlements$12,472,433
Awuil Liability$6,301,195
Insurance Reserve Payable$3,156,536

Bond Issues

BondIssuerIssuedIssue PricePurpose
ADormitory Authority of the State of New York2009-04-09$31,660,000Construction of new patient pavilion and parking garage
BDormitory Authority of the State of New York2009-04-09$23,945,000Construction of new patient pavilion and parking garage, refund 1998 seriesa
CJefferson County Civic Facility Development Corporation2015-12-23$6,700,000Acquisition of a medical office building and related property

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$31,660,000-$30,000,000$1,623,236
B$23,945,000--$1,388,843
C$6,700,000---

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
No
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
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

The organization's form 990 and accompanying schedules were reviewed by the executive committee of the board prior to filing. Form 990 was provided to each board member prior to filing.

Form 990, Part VI, Section B, Line 12C

Annual disclosure statements are required by all board members and key persons. We have been at 100% compliance with this requirement each year. Responses are reviewed initially by the ceo and chief compliance officer for accuracy and completeness. This information is then put into a full report to the board of trustees for review and consideration in upcoming decision making. Board members and key persons affirm their understanding of their duty to report any additional or new potential conflicts throughout the year. Board members with a conflict are prohibited from participation in voting and decision making in related transactions.

Form 990, Part VI, Section B, Line 15

The organization uses an external consultant to analyze and establish compensation and benefits for all executive positions. An evaluation is performed annually. The analysis includes a review of market data based on region, facility size, and respective responsibilities. This information is presented to the executive committee of the board of trustees for review and subsequently presented to the full board of trustees for approval.

Form 990, Part VI, Section C, Line 19

The organization's governing documents and conflict of interest policy are not available to the public. The financial statements are filed as part of the annual form 990 and annual nys department of health institutional cost report, and are available upon request.

Filing and Contact Details

Filer

Filer Name
Samaritan Medical Center
EIN
15-0533577
Phone
3157855702
Address
830 WASHINGTON STREET, WATERTOWN, NY 13601

Signing Officer

Name
Paul Kraeger
Title
Interim CFO
Phone
3157855702
Signed
2016-11-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Paul Kraeger
Formed
1881
Legal Domicile
Ny
Voting Board Members
19
Independent Board Members
16
Employees
1,824
Volunteers
190

Preparer

Firm
Fust Charles Chambers Llp
Address
5784 WIDEWATERS PARKWAY, SYRACUSE, NY 13214
Preparer
Joseph J Schlegel
Phone
3154463600
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Pension and postretirement liability 1,425,572. Value of interest rate swap 179,279. Equity transfers to affiliate -7,141,567.

Form 990 Part XII Line 2C

The process has not changed from the prior year.

Financial Statement Notes

PART V, LINE 4:

The intended use of the endowment funds is to support samaritan medical center and related facilities in providing health care services to the public.

PART X, LINE 2:

Samaritan qualifies as a tax-exempt, not-for-profit organization under section 501(c)(3) of the internal revenue code. As of december 31, 2015 and 2014, samaritan did not have any unrecognized tax benefits. The tax years open to examination by federal and new york state taxing authorities are 2012 through 2015. The hospital does not anticipate that the total unrecognized tax benefits will change in the next twelve months.

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IRS990/ActivityOrMissionDesc0SAMARITAN MEDICAL CENTER OPERATES AN ACUTE CARE HOSPITAL FACILITY IN WATERTOWN, NEW YORK, SERVING JEFFERSON, OSWEGO AND ST. LAWRENCE COUNTIES. THIS 294-BED FACILITY PROVIDES INPATIENT CARE, PSYCHIATRIC SERVICES, AMBULATORY SURGERY, PRIMARY AND EMERGENCY CARE AND OTHER OUTPATIENT SERVICES.
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IRS990/Desc0DURING 2015, SAMARITAN MEDICAL CENTER PROVIDED CARE FOR 10,244 INPATIENT DISCHARGES AND A TOTAL OF 271,524 OUTPATIENT VISITS. OF THE TOTAL OUTPATIENT VISITS, THERE WERE 52,412 EMERGENCY ROOM VISITS AND 106,550 FAMILY HEALTH CLINIC VISITS.
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IRS990/Form990PartVIISectionAGrp/PersonNm9MICHAEL KASKAN
IRS990/Form990PartVIISectionAGrp/PersonNm10ROBERT KIMBALL MD
IRS990/Form990PartVIISectionAGrp/PersonNm11AL MALONEY MD
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IRS990/Form990PartVIISectionAGrp/PersonNm14MARY PERRINE
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IRS990/Form990PartVIISectionAGrp/PersonNm16DAVID RECHLIN DO
IRS990/Form990PartVIISectionAGrp/PersonNm17KERRY ROBERGE
IRS990/Form990PartVIISectionAGrp/PersonNm18ROBERT SEAMON
IRS990/Form990PartVIISectionAGrp/PersonNm19WALTER TODD
IRS990/Form990PartVIISectionAGrp/PersonNm20JOAN TREADWELL WOODS
IRS990/Form990PartVIISectionAGrp/PersonNm21LAVERNE VANDEWALL DO
IRS990/Form990PartVIISectionAGrp/PersonNm22MARIA ALICEA
IRS990/Form990PartVIISectionAGrp/PersonNm23MARTIN A YENAWINE
IRS990/Form990PartVIISectionAGrp/PersonNm24THOMAS H CARMAN
IRS990/Form990PartVIISectionAGrp/PersonNm25SEAN MILLS
IRS990/Form990PartVIISectionAGrp/PersonNm26MARIO VICTORIA MD
IRS990/Form990PartVIISectionAGrp/PersonNm27MARY WHALEN
IRS990/Form990PartVIISectionAGrp/PersonNm28MICHAEL SHORT
IRS990/Form990PartVIISectionAGrp/PersonNm29THOMAS SHATRAW
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IRS990/Form990PartVIISectionAGrp/PersonNm32MOONJOHN KIM MD
IRS990/Form990PartVIISectionAGrp/PersonNm33JOSEPH WETTERHAHN MD
IRS990/Form990PartVIISectionAGrp/PersonNm34KEVIN CHANDLER MD
IRS990/Form990PartVIISectionAGrp/PersonNm35SHAHANDEH HAGHIR MD
IRS990/Form990PartVIISectionAGrp/PersonNm36DAVID FLINT MD
IRS990/Form990PartVIISectionAGrp/PersonNm37JACK RUSH MD
IRS990/Form990PartVIISectionAGrp/PersonNm38BRIAN O'HEARN
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IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3FINANCE COMMITTEE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt4TREASURER, SR. VP OF FINANCE
IRS990/Form990PartVIISectionAGrp/TitleTxt5IMMEDIATE PAST CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt11TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt12TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt13TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt14TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt15TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt16TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt17TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt18TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt19TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt20TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt21TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt22TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt23TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt24PRESIDENT & CEO OF SMC
IRS990/Form990PartVIISectionAGrp/TitleTxt25CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt26CMO OF SMC
IRS990/Form990PartVIISectionAGrp/TitleTxt27COO OF SMC

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$310$170$140$377$360$16.3
2023Detailed filing. Detailed filing data is available for this year.$282$152$131$349$336$13.6
2022Detailed filing. Detailed filing data is available for this year.$296$177$119$302$302$0.68
2021Detailed filing. Detailed filing data is available for this year.$312$183$130$300$279$21.3
2020Detailed filing. Detailed filing data is available for this year.$304$195$109$279$267$12.1
2019Detailed filing. Detailed filing data is available for this year.$275$164$111$277$262$14.7
2018Detailed filing. Detailed filing data is available for this year.$269$162$107$268$237$31.0
2017Detailed filing. Detailed filing data is available for this year.$258$170$88.0$221$219$2.30
2016Detailed filing. Detailed filing data is available for this year.$219$125$94.8$221$212$8.78
2015Detailed filing. Detailed filing data is available for this year.$226$136$89.8$211$211$0.04
2014Detailed filing. Detailed filing data is available for this year.$205$110$95.7$209$200$8.43
2013Detailed filing. Detailed filing data is available for this year.$205$105$101$205$198$6.79
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$208$119$88.6$193
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$199$113$85.3$177
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$192$107$85.4$167