Garnet Health

EIN: 061488219 501(c)(3) Health Care

Middletown, NY

Total Revenue
$3,815,675
Total Expenses
$4,053,006
Total Assets
$10,222,096
Net Assets
$2,521,397
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
NY
Phone
8453331000
Tax Period
2023-01-01 to 2023-12-31

Garnet Health, founded in 1997, is a community nonprofit in the Health Care sector that reported $3.8M in total revenue in fiscal year 2023.

Mission

TO MAINTAIN AN INTEGRATED HEALTH DELIVERY SYSTEM OF PROVIDERS AND HOSPITALS RESULTING IN IMPROVED HEALTH FOR OUR COMMUNITY BY PROVIDING EXCEPTIONAL HEALTHCARE TO OUR PATIENTS.

Program Service Accomplishments

Program 1
Expenses: $3,893,410 Revenue: $3,893,410

GARNET HEALTH (GH) IS DEDICATED TO DEVELOPING SPECIALTY SERVICES, MEDICAL PROGRAMS AND NEEDED HEALTHCARE SERVICES THAT ALLOW RESIDENTS TO REMAIN CLOSE TO HOME TO RECEIVE QUALITY CARE. PROVIDING...

Read more

GARNET HEALTH (GH) IS DEDICATED TO DEVELOPING SPECIALTY SERVICES, MEDICAL PROGRAMS AND NEEDED HEALTHCARE SERVICES THAT ALLOW RESIDENTS TO REMAIN CLOSE TO HOME TO RECEIVE QUALITY CARE. PROVIDING HEALTHCARE TO NEARLY 485,000 RESIDENTS IN ORANGE, SULLIVAN, AND ULSTER COUNTIES IN NEW YORK, GH WAS DESIGNED TO IMPROVE THE QUALITY, STABILITY AND EFFICIENCY OF HEALTHCARE SERVICES IN THE MID-HUDSON AND CATSKILL REGIONS. SERVICES PROVIDED BY MORE THAN 3,500 EMPLOYED PROFESSIONALS AND OVER 450 MEDICAL STAFF MEMBERS MAKES GH ONE OF THE LARGEST HEALTHCARE PROVIDERS IN THE TRI-STATE AREA. THE SYSTEM'S THREE HOSPITAL CAMPUSES (GARNET HEALTH MEDICAL CENTER - CATSKILLS - HARRIS, GARNET HEALTH MEDICAL CENTER - CATSKILLS - CALLICOON, GARNET HEALTH MEDICAL CENTER), PLUS PHYSICAN PRACTICES, URGENT CARE, AND OUTPATIENT LOCATIONS OFFER A BROAD SPECTRUM OF CARE.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $3,893,410
Investment Income $0
Other Revenue $-77,735
TOTAL REVENUE $3,815,675

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $3,893,410
Other Expenses $4,053,006
TOTAL EXPENSES $4,053,006

Year-over-Year Comparison

2023 2022 Change
Revenue $3,815,675 $3,869,547 0.0%
Expenses $4,053,006 $4,390,398 -0.1%
Net Income $-237,331 $-520,851 -0.5%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
10
Independent Members
10
Employees
16
Volunteers
13

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
⚠ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
9
$1,643,637
Total Directors
14
$733,497
Key Employees
12
$7,593,558
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A TREASURER AS OF MAY, 2023 2.0
Officer Director
$0 $0 $0
N/A SECRETARY UNTIL APRIL, 2023 / BOARD MEMBER 2.0
Officer Director
$0 $0 $0
N/A VICE CHAIR AS OF MAY, 2023 2.0
Officer Director
$0 $0 $0
N/A SECRETARY AS OF MAY 2023 2.0
Officer Director
$0 $0 $0
N/A TREASURER UNTIL APRIL, 2023 2.0
Officer Director
$0 $0 $0
N/A CHARIMAN 2.0
Officer Director
$0 $0 $0
N/A VICE CHAIR UNTIL APRIL, 2023 / BOARD MEMBER 2.0
Officer Director
$0 $0 $0
N/A BOARD MEMBER UNTIL APRIL, 2023 2.0
Director
$0 $0 $0
N/A BOARD MEMBER 2.0
Director
$0 $0 $0
N/A BOARD MEMBER UNTIL DECEMBER 2023 2.0
Director
$0 $49,967 $733,497
N/A BOARD MEMBER UNTIL APRIL, 2023 2.0
Director
$0 $0 $0
N/A BOARD MEMBER AS OF MAY, 2023 2.0
Director
$0 $0 $0
N/A BOARD MEMBER 2.0
Director
$0 $0 $0
N/A BOARD MEMBER 2.0
Director
$0 $0 $0
N/A CHIEF FINANCIAL OFFICER 10.0
Officer
$981,495 $27,992 $1,009,487
N/A PRESIDENT/CEO AS OF JUNE, 2023 10.0
Officer
$599,535 $34,615 $634,150
N/A CHIEF HUMAN RESOURCES OFFICER 10.0
Key Emp
$102,185 $41,478 $423,954
N/A CHIEF INFORMATION OFFICER 10.0
Key Emp
$654,311 $15,296 $669,607
N/A CHIEF STRATEGIC PLANNING OFFICER 10.0
Key Emp
$468,665 $49,381 $518,046
N/A GH INTERM PRESIDENT/CEO UNTIL MAY, 2023 / CEO GHMC-C AS OF JUNE, 2023 10.0
Key Emp
$758,828 $67,119 $825,947
N/A PRESIDENT & CHIEF MEDICAL OFFICER OF GHD AND GHUC 10.0
Key Emp
$908,324 $50,518 $958,842
N/A CHIEF HUMAN RESOURCES OFFICER UNTIL JANUARY, 2023 10.0
Key Emp
$833,456 $17,591 $851,047
N/A CHIEF LEGAL OFFICER & GENERAL COUNSEL 10.0
Key Emp
$692,793 $67,132 $759,925
N/A CHIEF NURSING OFFICER 10.0
Key Emp
$152,566 $49,557 $298,256
N/A CHIEF MEDICAL OFFICER 40.0
Key Emp
$605,244 $38,396 $643,640
N/A CHIEF CLINICAL OFFICER 10.0
Key Emp
$794,520 $55,052 $849,572
N/A CHIEF NURSING OFFICER GHMC-C 10.0
Key Emp
$284,343 $37,863 $322,206
N/A CHIEF DEVELOPMENT OFFICER / GH FOUNDATION PRESIDENT 10.0
Key Emp
$434,280 $38,236 $472,516
N/A FORMER PRESIDENT/CEO 0.0
$1,032,429 $1,435 $1,033,864
N/A FORMER PRESIDENT GHD & GHUC 0.0
$138,749 $49,988 $823,196
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $3,815,675 $4,053,006 $10,222,096 $-237,331
2022 $3,869,547 $4,390,398 $8,954,394 $-520,851
2021 $3,323,792 $3,385,232 $12,609,046 $-61,440
2020 $4,095,066 $3,478,392 $11,714,204 $616,674
2018 $4,121,606 $3,303,487 $6,248,581 $818,119
Explore More Nonprofits
→Top 100 Nonprofits in New York →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare Garnet Health with other nonprofits in New York and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.