Civic Intelligence

Carthage Area Hospital

EIN 15-0622079 • 501(c)3 • Carthage, NY

Profile

Carthage area hospital provides quality comprehensive healthcare services, primarily in jefferson county, personalizing quality healthcare in partnership with various communities throughout the area.

1001 West StreetCarthage, NY 13619

www.carthagehospital.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

79th percentile

0.87x

Higher debt load relative to assets than 79% of similar nonprofits.

NTEE E • $50M-$100M nonprofits • Source year 2023

Liabilities / Revenue

64th percentile

0.51x

Higher debt load relative to revenue than 64% of similar nonprofits.

NTEE E • $50M-$100M nonprofits • Source year 2023

Net Margin

42nd percentile

-1.0%

Higher net margin than 42% of similar nonprofits.

NTEE E • $50M-$100M nonprofits • Source year 2023

Top Officer Pay

61st percentile

$1,418,266

Higher top officer pay than 61% of similar nonprofits.

Top officer pay equals 1.6% of source-year revenue.

NTEE E • $50M-$100M nonprofits • Source year 2023

Asset Growth

65th percentile

9.3%

Faster asset growth than 65% of similar nonprofits.

NTEE E • $50M-$100M nonprofits • Annualized from 2022 to 2023

Revenue Growth

65th percentile

13%

Faster revenue growth than 65% of similar nonprofits.

NTEE E • $50M-$100M nonprofits • Annualized from 2022 to 2023

Assets

Up

$52,546,552

Up $4,487,548 (+9.3%) from 2022

Liabilities

Up

$45,699,895

Up $5,147,550 (+13%) from 2022

Net Assets

Down

$6,846,657

Down $660,002 (-8.8%) from 2022

Revenue

Up

$89,156,213

Up $10,547,861 (+13%) from 2022

Expenses

Up

$90,055,340

Up $10,605,673 (+13%) from 2022

Net Income

Down

-$899,127

Down $57,812 (-6.9%) from 2022

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$60M$40M$20M$0Assets 2010: $36,541,829Liabilities 2010: $21,039,923Net Assets 2010: $15,501,9062010Assets 2011: $33,062,700Liabilities 2011: $27,427,660Net Assets 2011: $5,635,0402011Assets 2012: $28,752,788Liabilities 2012: $21,255,906Net Assets 2012: $7,496,8822012Assets 2013: $25,166,638Liabilities 2013: $19,766,864Net Assets 2013: $5,399,7742013Assets 2014: $24,980,370Liabilities 2014: $21,774,070Net Assets 2014: $3,206,3002014Assets 2015: $24,665,710Liabilities 2015: $23,346,474Net Assets 2015: $1,319,2362015Assets 2016: $28,073,484Liabilities 2016: $22,742,513Net Assets 2016: $5,330,9712016Assets 2017: $25,391,502Liabilities 2017: $19,912,978Net Assets 2017: $5,478,5242017Assets 2018: $29,378,905Liabilities 2018: $21,551,768Net Assets 2018: $7,827,1372018Assets 2019: $30,976,159Liabilities 2019: $22,625,611Net Assets 2019: $8,350,5482019Assets 2020: $37,020,576Liabilities 2020: $34,198,986Net Assets 2020: $2,821,5902020Assets 2021: $40,819,042Liabilities 2021: $32,558,458Net Assets 2021: $8,260,5842021Assets 2022: $48,059,004Liabilities 2022: $40,552,345Net Assets 2022: $7,506,6592022Assets 2023: $52,546,552Liabilities 2023: $45,699,895Net Assets 2023: $6,846,6572023

Highlighted filing

2023

Assets$52,546,552
Liabilities$45,699,895
Net Assets$6,846,657

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$100M$50M$0-$50MExpenses 2010: $44,598,5362010Expenses 2011: $47,783,7912011Expenses 2012: $46,581,1982012Revenue 2013: $42,281,575Expenses 2013: $46,236,253Net Income 2013: -$3,954,6782013Revenue 2014: $42,674,265Expenses 2014: $44,019,640Net Income 2014: -$1,345,3752014Revenue 2015: $43,516,966Expenses 2015: $45,160,443Net Income 2015: -$1,643,4772015Revenue 2016: $52,167,409Expenses 2016: $48,381,012Net Income 2016: $3,786,3972016Revenue 2017: $51,205,025Expenses 2017: $50,546,801Net Income 2017: $658,2242017Revenue 2018: $55,815,631Expenses 2018: $52,155,990Net Income 2018: $3,659,6412018Revenue 2019: $55,254,913Expenses 2019: $53,711,923Net Income 2019: $1,542,9902019Revenue 2020: $50,147,243Expenses 2020: $56,095,515Net Income 2020: -$5,948,2722020Revenue 2021: $74,478,680Expenses 2021: $69,277,716Net Income 2021: $5,200,9642021Revenue 2022: $78,608,352Expenses 2022: $79,449,667Net Income 2022: -$841,3152022Revenue 2023: $89,156,213Expenses 2023: $90,055,340Net Income 2023: -$899,1272023

Highlighted filing

2023

Revenue$89,156,213
Expenses$90,055,340
Net Income-$899,127

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$52.5$45.7$6.85$89.2$90.1$0.90
2022Detailed filing. Detailed filing data is available for this year.$48.1$40.6$7.51$78.6$79.4$0.84
2021Detailed filing. Detailed filing data is available for this year.$40.8$32.6$8.26$74.5$69.3$5.20
2020Detailed filing. Detailed filing data is available for this year.$37.0$34.2$2.82$50.1$56.1$5.95
2019Summary only. Only limited summary data is available for this year.$31.0$22.6$8.35$55.3$53.7$1.54
2018Detailed filing. Detailed filing data is available for this year.$29.4$21.6$7.83$55.8$52.2$3.66
2017Detailed filing. Detailed filing data is available for this year.$25.4$19.9$5.48$51.2$50.5$0.66
2016Detailed filing. Detailed filing data is available for this year.$28.1$22.7$5.33$52.2$48.4$3.79
2015Detailed filing. Detailed filing data is available for this year.$24.7$23.3$1.32$43.5$45.2$1.64
2014Detailed filing. Detailed filing data is available for this year.$25.0$21.8$3.21$42.7$44.0$1.35
2013Detailed filing. Detailed filing data is available for this year.$25.2$19.8$5.40$42.3$46.2$3.95
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$28.8$21.3$7.50$46.6
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$33.1$27.4$5.64$47.8
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$36.5$21.0$15.5$44.6
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 15, 2024
Return Version
2023v5.1
Gross Receipts
$90,472,994
Mission and Program Overview

Mission

Carthage area hospital provides quality comprehensive healthcare services, primarily in jefferson county, personalizing quality healthcare in partnership with various communities throughout the area.

Provide quality, comprehensive healthcare services, in a community setting.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$5,435,322$13,739,937▲ $8,304,615
Land, Buildings, and Equipment, Net$11,822,592$11,461,168▼ $361,424
Savings and Temporary Cash Investments$7,479,105$5,620,644▼ $1,858,461
Prepaid Expenses and Deferred Charges$1,565,927$1,978,533▲ $412,606
Inventories for Sale or Use$1,913,740$1,708,299▼ $205,441
Cash and Non-Interest-Bearing Accounts$1,881,227$696,276▼ $1,184,951
Intangible Assets$358,127$358,127→ $0
Total Assets$48,059,004$52,546,552▲ $4,487,548
Other Assets Total$17,602,964$16,983,568▼ $619,396
Liabilities
Accounts Payable and Accrued Expenses$16,782,805$24,520,861▲ $7,738,056
Other Liabilities$19,315,833$17,570,353▼ $1,745,480
Mortgage Notes Payable Secured by Investment Property$4,453,707$3,608,681▼ $845,026
Total Liabilities$40,552,345$45,699,895▲ $5,147,550
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$7,506,659$6,846,657▼ $660,002
Total Net Assets Fund Balance$7,506,659$6,846,657▼ $660,002
Total Liabilities and Net Assets / Fund Balance$48,059,004$52,546,552▲ $4,487,548

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,692,127$22,904,435$24,596,562
Buildings$7,121,065$16,698,963$23,820,028
Other Land Buildings$2,304,288-$2,304,288
Land$343,688-$343,688
Other Assets Org$2,211,422--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Nata ParnesPhysicianFT$1,394,489$23,777$1,418,266
Michael GordonChief Medical OfficerFT$1,196,014$23,777$1,219,791
Bruce BairdPhysicianFT$814,295$23,777$838,072
Peter VaneenenaamPhysicianFT$812,225$24,892$837,117
Steven FishPhysicianFT$801,661$23,777$825,438
Howard HuangPhysicianFT$737,528$20,416$757,944
Dr Mirza AshrafDirector-$373,910$4,368$378,278
Hardik PatelMedical Staff PresidentFT$352,900$23,777$376,677
Eric BurchChief Operating OfficerFT$257,476$2,308$259,784
Morgan PierceDirector of FinanceFT$203,819-$203,819
Rob BloomFormer Chief Financial Officer-$101,370$150$101,520

Board Members and Trustees

NameTitle
Gary RowePresident
Dale KlockVice President
Adam FullerDirector
Anne RohrDirector
Dr Kenneth FishDirector
Jennifer PremoDirector
Pattie EarlDirector
Richard DuvallChief Executive Officer
Lawrence HasselerSecretary
Tim SturickTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Delphi Hospitalist ServicesStaffing7785 N STATE STREET, Lowville, NY 13367$4,122,308
Davin Healthcare Workforce SolutionsStaffing18 DIVISION ST, Saratoga Springs, NY 12866$3,138,510
Surgicalist Of New York PCStaffing1001 WEST STREET, Carthage, NY 13619$3,072,108
Brighton Radiology AssociatesStaffing3582 BRODHEAD ROAD SUITE 204, Monaca, PA 15061$1,022,191
Diagnostic & Interventional RadiologyStaffing27 DOCKSIDE DRIVE, Morristown, NY 13661$500,365
Revenue and Support

Revenue Composition

Contributions and Grants
$1,896,016
Program Service Revenue
$86,824,007
Investment Income
$278,823
Other Revenue
$157,367
All Other Contributions
$74,079
Change in Net Assets
$-899,127
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$47,398,827
Other Expenses$42,656,513
Total Fundraising Expense$21,431
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$35,631,783$1,460,767$21,318$37,113,868
Office Expenses$11,016,540$275,364-$11,291,904
Fees for Services Other$9,241,243$825,418-$10,066,661
Occupancy$6,877,264$1,305,964-$8,183,228
Other Employee Benefits$2,672,700$1,203,668-$3,876,368
Payroll Taxes$2,580,907$130,442-$2,711,349
Current Officers, Directors, Trustees, and Key Employees$1,548,914$358,846-$1,907,760
Pension Plan Contributions$1,703,532$85,950-$1,789,482
Insurance$864,249$498,884-$1,363,133
Depreciation Depletion$1,052,024$17,210-$1,069,234
Fees for Services Accounting$575$810,243-$810,818
Other Expenses$689,023$101,136$113$790,159
Travel$200,182$109,793-$309,975
Fees for Services Legal-$277,821-$277,821
Advertising$7,975$160,458-$168,433
Interest$121,830$11,899-$133,729
Total Functional Expenses$81,961,165$8,072,744$21,431$90,055,340
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
Yes
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Kristen BloomFamily Member of Rob Bloom, Former OfficerEmployee CompensationNo$49,234
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Estimated Amounts Due to Third Party Payors$8,723,850
Operating Lease Liability$6,570,369
Insurance Claims Liability$1,799,966
Accrued Pension Liability$475,279
Funds Held in Trust for Others$889
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 35% controlled entity
No
Business relationship with family members
Yes
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
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
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

The hospital entered into a leased employee agreement with claxton-hepburn medical center for shared services of the chief executive officer.

Form 990, Part VI, Section B, Line 11B

The form 990 is provided to the board of directors for review prior to filing. The form 990 is reviewed and approvded by both the board of directors and the chief financial officer prior to being submitted. In addition, an email is sent to each director stating that the administration will provide a copy of the form 990 upon request.

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

Directors complete an annual conflict of interest disclosure form. The audit and finance committee oversees the annual completion of the conflict of interest disclosures. The executive secretary is responsible for obtaining the signed and completed forms, the chief compliance officer reviews all disclosure forms. During a vote, when any directors are conflicted, they are asked to leave the room during voting.

Form 990, Part VI, Section B, Line 15B

Compensation of officers and key employees is reviewed and approved annually by the board of directors, compensation committee, as well as the finance committee. The compensation committee uses benchmarking data provided by forms 990 of other comparable not-for-profit organizations in its review of officer compensation. To provide an additional level of compensation review, the finance committee also reviews compensation for each employee over $115,000 annually.

Form 990, Part VI, Section C, Line 19

The hospital's governing documents, conflict of interest policy, and financial statements are provided upon request.

Filing and Contact Details

Filer

Filer Name
Carthage Area Hospital
EIN
15-0622079
Phone
3154931000
Address
1001 WEST STREET, CARTHAGE, NY 13619

Signing Officer

Name
Richard Duvall
Title
Chief Executive Officer
Phone
3154931000
Signed
2024-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Richard Duvall
Formed
1921
Legal Domicile
Ny
Voting Board Members
10
Independent Board Members
9
Employees
663
Volunteers
50

Preparer

Firm
Bonadio & Co Llp
Address
432 NORTH FRANKLIN STREET, SYRACUSE, NY 13204
Preparer
Timothy Hammond
Phone
3154227109
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Other professional fees: program service expenses 9,241,243. Management and general expenses 825,418. Fundraising expenses 0. Total expenses 10,066,661.

FORM 990, PART XI, LINE 9:

Pension related changes other than net periodic pension cost 239,125.

Raw XML AppendixShowing 400 of 1,216 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/AccountantCompileOrReviewInd00
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IRS990/ActivityOrMissionDesc0PROVIDE QUALITY, COMPREHENSIVE HEALTHCARE SERVICES, IN A COMMUNITY SETTING.
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IRS990/Form990PartVIISectionAGrp/TitleTxt14MEDICAL STAFF PRESIDENT
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IRS990/MissionDesc0CARTHAGE AREA HOSPITAL PROVIDES QUALITY COMPREHENSIVE HEALTHCARE SERVICES, PRIMARILY IN JEFFERSON COUNTY, PERSONALIZING QUALITY HEALTHCARE IN PARTNERSHIP WITH VARIOUS COMMUNITIES THROUGHOUT THE AREA.
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