Civic Intelligence

Cayuga Medical Center at Ithaca

EIN 22-2325405 • 501(c)3 • Ithaca, NY

Profile

To deliver the highest quality healthcare in partnership with our community, one person at a time.

101 Dates DriveIthaca, NY 14850

www.cayugamed.org

Siviq Scores

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

Liabilities / Assets

46th percentile

0.51x

Higher debt load relative to assets than 46% of similar nonprofits.

NTEE E • $250M-$1B nonprofits • Source year 2024

Liabilities / Revenue

52nd percentile

0.51x

Higher debt load relative to revenue than 52% of similar nonprofits.

NTEE E • $250M-$1B nonprofits • Source year 2024

Net Margin

48th percentile

1.7%

Higher net margin than 48% of similar nonprofits.

NTEE E • $250M-$1B nonprofits • Source year 2024

Top Officer Pay

19th percentile

$975,884

Higher top officer pay than 19% of similar nonprofits.

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

NTEE E • $250M-$1B nonprofits • Source year 2024

Asset Growth

69th percentile

12%

Faster asset growth than 69% of similar nonprofits.

NTEE E • $250M-$1B nonprofits • Annualized from 2023 to 2024

Revenue Growth

87th percentile

26%

Faster revenue growth than 87% of similar nonprofits.

NTEE E • $250M-$1B nonprofits • Annualized from 2023 to 2024

Assets

Up

$426,836,305

Up $46,081,085 (+12%) from 2023

Liabilities

Up

$217,794,071

Up $11,206,243 (+5.4%) from 2023

Net Assets

Up

$209,042,234

Up $34,874,842 (+20%) from 2023

Revenue

Up

$426,189,431

Up $87,874,552 (+26%) from 2023

Expenses

Up

$418,769,447

Up $53,611,936 (+15%) from 2023

Net Income

Up

$7,419,984

Up $34,262,616 (+128%) from 2023

Trend Graphs

Balance Sheet Trend

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

$600M$400M$200M$0Assets 2010: $253,694,380Liabilities 2010: $79,419,931Net Assets 2010: $174,274,4492010Assets 2011: $259,973,185Liabilities 2011: $93,373,916Net Assets 2011: $166,599,2692011Assets 2012: $268,551,156Liabilities 2012: $98,917,343Net Assets 2012: $169,633,8132012Assets 2013: $302,594,841Liabilities 2013: $108,446,079Net Assets 2013: $194,148,7622013Assets 2014: $275,899,511Liabilities 2014: $106,052,369Net Assets 2014: $169,847,1422014Assets 2015: $259,344,620Liabilities 2015: $113,056,707Net Assets 2015: $146,287,9132015Assets 2016: $261,995,416Liabilities 2016: $106,979,702Net Assets 2016: $155,015,7142016Assets 2017: $264,911,114Liabilities 2017: $109,258,088Net Assets 2017: $155,653,0262017Assets 2018: $263,637,669Liabilities 2018: $113,560,752Net Assets 2018: $150,076,9172018Assets 2019: $270,567,416Liabilities 2019: $119,957,105Net Assets 2019: $150,610,3112019Assets 2020: $317,408,433Liabilities 2020: $176,808,617Net Assets 2020: $140,599,8162020Assets 2021: $328,652,418Liabilities 2021: $160,562,946Net Assets 2021: $168,089,4722021Assets 2022: $306,334,753Liabilities 2022: $118,390,244Net Assets 2022: $187,944,5092022Assets 2023: $380,755,220Liabilities 2023: $206,587,828Net Assets 2023: $174,167,3922023Assets 2024: $426,836,305Liabilities 2024: $217,794,071Net Assets 2024: $209,042,2342024

Highlighted filing

2024

Assets$426,836,305
Liabilities$217,794,071
Net Assets$209,042,234

Operations Trend

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

$600M$400M$200M$0-$200MExpenses 2010: $128,917,1982010Expenses 2011: $152,018,4722011Expenses 2012: $160,934,2992012Revenue 2013: $182,050,361Expenses 2013: $170,428,305Net Income 2013: $11,622,0562013Revenue 2014: $175,752,177Expenses 2014: $178,473,223Net Income 2014: -$2,721,0462014Revenue 2015: $186,507,209Expenses 2015: $181,675,833Net Income 2015: $4,831,3762015Revenue 2016: $198,620,181Expenses 2016: $189,014,267Net Income 2016: $9,605,9142016Revenue 2017: $216,433,545Expenses 2017: $200,781,665Net Income 2017: $15,651,8802017Revenue 2018: $247,311,669Expenses 2018: $222,777,251Net Income 2018: $24,534,4182018Revenue 2019: $270,258,668Expenses 2019: $242,896,301Net Income 2019: $27,362,3672019Revenue 2020: $278,355,205Expenses 2020: $278,273,267Net Income 2020: $81,9382020Revenue 2021: $325,959,403Expenses 2021: $329,195,718Net Income 2021: -$3,236,3152021Revenue 2022: $342,640,134Expenses 2022: $342,002,727Net Income 2022: $637,4072022Revenue 2023: $338,314,879Expenses 2023: $365,157,511Net Income 2023: -$26,842,6322023Revenue 2024: $426,189,431Expenses 2024: $418,769,447Net Income 2024: $7,419,9842024

Highlighted filing

2024

Revenue$426,189,431
Expenses$418,769,447
Net Income$7,419,984

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$427$218$209$426$419$7.42
2023Summary only. Only limited summary data is available for this year.$381$207$174$338$365$26.8
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$306$118$188$343$342$0.64
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$329$161$168$326$329$3.24
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$317$177$141$278$278$0.08
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$271$120$151$270$243$27.4
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$264$114$150$247$223$24.5
2017Summary only. Only limited summary data is available for this year.$265$109$156$216$201$15.7
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$262$107$155$199$189$9.61
2015Detailed filing. Detailed filing data is available for this year.$259$113$146$187$182$4.83
2014Summary only. Only limited summary data is available for this year.$276$106$170$176$178$2.72
2013Detailed filing. Detailed filing data is available for this year.$303$108$194$182$170$11.6
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$269$98.9$170$161
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$260$93.4$167$152
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$254$79.4$174$129
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 6, 2023
Return Version
2022v5.0
Gross Receipts
$351,480,052
Mission and Program Overview

Mission

To deliver the highest quality healthcare in partnership with our community, one person at a time.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$97,631,177$105,107,191▲ $7,476,014
Investments in Publicly Traded Securities$100,852,477$86,530,046▼ $14,322,431
Accounts Receivable$32,628,993$33,575,285▲ $946,292
Prepaid Expenses and Deferred Charges$18,699,155$15,957,691▼ $2,741,464
Inventories for Sale or Use$11,845,524$12,086,785▲ $241,261
Savings and Temporary Cash Investments$31,533,747$6,195,866▼ $25,337,881
Intangible Assets$1,529,995$1,529,995→ $0
Cash and Non-Interest-Bearing Accounts$4,360$4,360→ $0
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
Loans From Officers Directors$0$0→ $0
Total Assets$328,652,418$306,334,753▼ $22,317,665
Other Assets Total$33,926,990$45,347,534▲ $11,420,544
Liabilities
Other Liabilities$99,396,454$55,795,744▼ $43,600,710
Accounts Payable and Accrued Expenses$43,550,999$43,121,968▼ $429,031
Tax Exempt Bond Liabilities$17,615,493$19,472,532▲ $1,857,039
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Total Liabilities$160,562,946$118,390,244▼ $42,172,702
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$160,595,305$180,636,486▲ $20,041,181
Net Assets With Donor Restrictions$7,494,167$7,308,023▼ $186,144
Total Net Assets Fund Balance$168,089,472$187,944,509▲ $19,855,037
Total Liabilities and Net Assets / Fund Balance$328,652,418$306,334,753▼ $22,317,665

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$72,311,022$104,511,056$0
Other Land Buildings$10,453,796$4,620,456$0
Land$2,829,462-$0
Equipment$19,232,599$102,209,069$0
Leasehold Improvements$280,312$2,361,091$0
Other Assets Org$19,759,301--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$1,770,578$982,867▼ $285,865$0$2,467,580
2021$1,764,186$6,391▲ $1$0$1,770,578
2020$1,750,507$16,066▲ $129$2,516$1,764,186
2019$1,728,201$29,316▲ $216$7,226$1,750,507
2018$1,703,145$35,761▲ $199$10,904$1,728,201
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Martin StallonePresident & CEOFT$772,870$280,697$1,053,567
John CollettCFO/VP of FinanceFT$432,706$127,094$559,800
Srisatish DevapatlaNeonatologistFT$447,008$64,321$511,329
Andreia De Lima SerraVice PresidentFT$383,730$116,595$500,325
Tracy GatesCOOFT$362,150$134,761$496,911
Justin RunkeVice PresidentFT$349,104$123,598$472,702
Michael BerlinAssistant Vice PresidentFT$371,388$60,990$432,378
Ramesh VidavalurNeonatologistFT$375,625$49,454$425,079
Tom LiVigneChair-$24,000-$24,000
Paula YoungerVice Chair-$19,750-$19,750
John LambertDirector-$16,750-$16,750
Brooke HollisDirector-$16,000-$16,000
Fred WickhamDirector-$15,500-$15,500
Kenneth ClarkeDirector-$15,500-$15,500
Joel MalinaDirector-$8,750-$8,750
Carl SgrecciDirector-$3,750-$3,750
Cris DonovanDirector-$2,250-$2,250
James BrownDirector-$2,000-$2,000
La Jerne Terry CornishDirector-$1,750-$1,750
Jennifer WhitakerDirector-$1,500-$1,500
Eunice NayoDirector-$1,000-$1,000

Board Members and Trustees

NameTitle
Deidre BlakeCMC Med Staff President
John-Paul MeadDirector
Laurie ManteDirector
Suzanne BlowersSecretary
Greg HartzTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Mayo Collaborative ServicesLab TestingPO BOX 4100, 95 BROWN ROAD, Rochester, MN 55903$3,467,521
Cornell UniversityLab Testing146 LANGMUIR LAB, SUITE 700, Ithaca, NY 14850$3,064,236
Meduit Health ServicesOutsourced Revenue Cycle Services8085 KNUE RD, Indianapolis, IN 46250$2,671,821
Health CarouselTemp Staffing666 WALNUT ST, Des Moines, IA 50309$2,518,503
-Temporary StaffingPO BOX 714216, Cincinnati, OH 45271$1,591,969
Revenue and Support

Revenue Composition

Contributions and Grants
$9,054,156
Program Service Revenue
$329,842,861
Investment Income
$2,971,976
Other Revenue
$771,141
All Other Contributions
$31,980
Change in Net Assets
$637,407

Audited Revenue Reconciliation

Revenue per Audited Statements
$342,640,134
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$19,217,383
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$361,857,517
Total Revenue per Form 990
$342,640,134
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$185,067,767
Salaries, Compensation, and Employee Benefits$156,530,368
Grants and Similar Amounts Paid$404,592
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$81,829,504$30,723,844-$112,553,348
Fees for Services Other$56,986,426$12,624,468-$69,610,894
Office Expenses$61,922,448$5,879,589-$67,802,037
Other Employee Benefits$16,180,597$6,024,297-$22,204,894
Other Expenses$14,893,969$942,578-$15,836,547
Depreciation Depletion$6,808,374$5,723,932-$12,532,306
Pension Plan Contributions$8,496,959$3,190,283-$11,687,242
Payroll Taxes$5,784,829$2,171,981-$7,956,810
Occupancy$3,856,232$3,200,538-$7,056,770
Information Technology$4,218,984$809,424-$5,028,408
Current Officers, Directors, Trustees, and Key Employees-$2,128,074-$2,128,074
Advertising-$2,126,842-$2,126,842
Insurance$1,508,383$266,185-$1,774,568
Fees for Services Management$363,550$1,321,905-$1,685,455
Fees for Services Legal$194,042$330,396-$524,438
Interest$0$489,788-$489,788
Grants to Domestic Orgs$404,592--$404,592
Travel$69,668$194,169-$263,837
Fees for Services Accounting-$130,220-$130,220
Fees for Service Investment Mgmnt Fees-$52,500-$52,500
Fees for Services Lobbying-$18,522-$18,522
Total Functional Expenses$263,594,734$78,407,993$0$342,002,727

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$342,002,727
Total Expenses per Audited Statements$342,002,727
Total Expenses per Form 990$342,002,727
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Other Expense Adjustments$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Reach Medical PLLCIthaca, NY501(c)(3)To Collaborate in Connection With the Training of Medical Residents and Nursing Students on the Care of Patients With Substance Abuse Disorders.$343,938
Tompkins Cortland Community CollegeDryden, NY501(c)(3)To Collaborate in Connection With the Training of Medical Residentsa Nd Nursing Students on the Care of Patients With Substance Abuse Disorders.$53,012
Cayuga Medical AssociatesIthaca, NY501(c)(3)To Collaborate in Connection With the Training of Medical Residentsa Nd Nursing Students on the Care of Patients With Substance Abuse Disorders.$7,642
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

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
Due 3rd party payors$18,252,213
Lease liability$14,441,334
Accrued postretirement$9,495,225
Accrued pension cost$8,049,750
Due to Affiliate$4,972,321
Medicare Advance$584,901

Bond Issues

BondIssuerIssuedIssue PricePurpose
BTompkins County Development Corporation2013-04-09$25,000,000Finance construction and equipment purchases
ATompkins County Development Corp2010-08-31$14,275,000Finance construction and equipment purchases

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
B$25,000,000$0$9,961,570$613,238
A$14,275,000$0$14,275,000$285,500

Bond Financing Compliance

Form 8038-T filed
Yes
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Corrective action procedures
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
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 11B

The 990 is prepared by the accountant and assistant controller of Cayuga Medical Center. The 990 is then reviewed by the Controller, external accountants, CFO, and then all members of the board, in that order.

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

Cayuga Medical Center maintains a conflict of interest policy which board members are required to sign annually. CMC regularly and consistently monitors and enforces compliance with the policy by reviewing statement for conflicts, identifying disqualified persons, and recording all proceeds related to conflict of interest transactions.

Form 990, Part VI, Section B, Line 15

Cayuga Medical Center determines compensation of the CEO and other officers by utilizing independent compensation consultants and/or compensation surveys. A formal written contract for the CEO is reviewed and approved by the executive committee of the Board of Directors.

Form 990, Part VI, Section C, Line 19

Form 990, conflict of interest statement, financial statements, and other governing documents are available upon request to any community members

Filing and Contact Details

Filer

Filer Name
Cayuga Medical Center at Ithaca
EIN
22-2325405
Phone
6072744441
Address
101 Dates Drive, Ithaca, NY 14850

Signing Officer

Name
Martin Stallone
Title
President/CEO
Phone
6072744441
Signed
2023-11-06

Organization Details

Principal Officer
Martin Stallone MD
Formed
1981
Legal Domicile
Ny
Voting Board Members
18
Independent Board Members
16
Employees
2,222
Volunteers
185
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Primarily maintenance contracts, COVID reference lab costs, and other misc purchased services/contracted services expenses, CMA subsidy, and primary recruitment expenses

Form 990, Part XI, Line 9

Pension Gains - $36,242,319 Gain on Interest Rate Swaps - $14,183 Rounding $247

Financial Statement Notes

Schedule D, Part V, Line 4

The intended use of the endowment funds is to support Cayuga Medical Center's ongoing mission to deliver the highest quality healthcare in partnership with our community, one person at a time.

Schedule D, Part XI, Line 2D

Unrealized Gain on Interest Rate Swap = $14,183 Other Changes in Pension & Post-Retirement Benefit (Gain in CY) = $36,242,319

Raw XML AppendixShowing 400 of 1,576 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.

Path#Value
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IRS990/AccountsPayableAccrExpnssGrp/BOYAmt043550999
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt043121968
IRS990/AccountsReceivableGrp/BOYAmt032628993
IRS990/AccountsReceivableGrp/EOYAmt033575285
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0To deliver the highest quality healthcare in partnership with our community, one person at a time.
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IRS990/AdvertisingGrp/TotalAmt02126842
IRS990/AllOtherContributionsAmt031980
IRS990/AnnualDisclosureCoveredPrsnInd01
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IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0Rebecca Gould
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IRS990/BooksInCareOfDetail/USAddress/CityNm0Ithaca
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
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IRS990/BusinessRlnWithFamMemInd00
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IRS990/CompensationFromOtherSrcsInd00
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IRS990/ContractorCompensationGrp/ContractorName/PersonNm0MEDICAL SOLUTIONS LLC
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