NewYork-PresbyterianLawrence Hospital

EIN: 131740110 501(c)(3)

BRONXVILLE, NY

Total Revenue
$71,990,325
Total Expenses
$74,874,554
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1909
Legal Domicile
NY
Principal Officer
MICHAEL FOSINA
Phone
9147871000
Tax Period
2018-01-01 to 2018-04-01

NewYork-PresbyterianLawrence Hospital, founded in 1909, is a mid-sized nonprofit that reported $72.0M in total revenue in fiscal year 2018. Revenue fell 74% from the prior year — a significant decline worth monitoring.

Mission

NEWYORK-PRESBYTERIAN/LAWRENCE HOSPITAL(NYP/LAWRENCE) IS AN ACUTE CARE HOSPITAL LOCATED IN BRONXVILLE, NEW YORK. ESTABLISHED OVER A CENTURY AGO IN 1909, NYP/LAWRENCE HAS A LONG AND IMPORTANT HISTORY PROVIDING SUPERIOR HEALTHCARE TO THE RESIDENTS OF SOUTHERN WESTCHESTER COUNTY AND ITS SURROUNDING COMMUNITIES. CARE IS PROVIDED WITHOUT REGARD TO A PATIENT'S RACE, AGE, SEXUAL ORIENTATION, NATIONAL ORIGIN OR ABILITY TO PAY. THE HOSPITAL PROVIDES ACUTE INPATIENT CARE, MATERNAL SERVICES, EMERGENCY AND EXPANSIVE OUTPATIENT SERVICES INCLUDING THE LATEST IN DIAGNOSTIC TESTING AND LABORATORY SERVICE, AMBULATORY SURGERY OPTIONS, WOMEN'S IMAGING CENTER AND OUTPATIENT REHABILITATIVE CARE AT TWO OFFSITE FACILITIES LOCATED IN EASTCHESTER AND SCARSDALE.

Program Service Accomplishments

Program 1
Expenses: $65,480,062 Revenue: $70,785,710

NEWYORK-PRESBYTERIAN/LAWRENCE HOSPITAL PROVIDES MEDICAL, SURGICAL, PEDIATRIC, MATERNITY AND OBSTETRIC, NEWBORN AND LEVEL II NURSERY SERVICES. IN 2017 NEWYORK-PRESBYTERIAN/LAWRENCE HOSPITAL OPENED A...

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NEWYORK-PRESBYTERIAN/LAWRENCE HOSPITAL PROVIDES MEDICAL, SURGICAL, PEDIATRIC, MATERNITY AND OBSTETRIC, NEWBORN AND LEVEL II NURSERY SERVICES. IN 2017 NEWYORK-PRESBYTERIAN/LAWRENCE HOSPITAL OPENED A CANCER CENTER AND NEW SURGICAL SUITES OFFERING COMPREHENSIVE CARE INCLUDING THE MOST ADVANCED RADIATION THERAPY, AN INFUSION UNIT, STATE-OF-THE-ART OPERATING SUITES, AND ROOFTOP WELLNESS GARDEN. PATIENTS HAVE ACCESS TO THE LATEST CLINICAL TRIALS AND SERVICES PROVIDED IN COLLABORATION WITH CANCER SPECIALISTS FROM THE NATIONAL CANCER INSTITUTE-DESIGNATED HERBERT IRVING COMPREHENSIVE CANCER CENTER AT COLUMBIA UNIVERSITY MEDICAL CENTER. NEWYORK-PRESBYTERIAN/LAWRENCE HOSPITAL IN COLLABORATION WITH THE NEW YORK AND PRESBYTERIAN HOSPITAL AND COLUMBIA PHYSICIANS OPENED A CARDIAC CATHETERIZATION LAB IN MAY 2015 WHICH PERFORMED 122 INPATIENT CARDIAC CATHETERIZATION PROCEDURES IN JAN-MARCH 2018, THE HOSPITAL HAD APPROXIMATELY 3,050 INPATIENT ADMISSIONS AND PERFORMED APPROXIMATELY 444 INPATIENT SURGICAL PROCEDURES. THERE WERE APPROXIMATELY 14,683 PATIENT DAYS IN JAN-MARCH 2018 AND THE AVERAGE LENGTH OF A PATIENT'S STAY WAS 4.8 DAYS. THE HOSPITAL PROVIDES PRENATAL TESTING AND ADVANCED MEDICAL EXPERTISE FOR AT-RISK MOTHERS AND BABIES. THE MATERNITY PROGRAM AT NEWYORK-PRESBYTERIAN/LAWRENCE HOSPITAL DELIVERED 365 BABIES IN JAN-MARCH 2018. IN JAN-MARCH 2018, UNINSURED PATIENTS ACCOUNTED FOR APPROXIMATELY 1.1% AND 0.9% OF THE HOSPITAL'S TOTAL DISCHARGES AND PATIENT DAYS, RESPECTIVELY. SUCH INPATIENTS GENERATED APPROXIMATELY $1.5 MILLION IN CHARGES FOR SERVICES PROVIDED OF WHICH A SIGNIFICANT AMOUNT WILL GO UNCOLLECTED. THE HOSPITAL'S EMERGENCY DEPARTMENT TREATED A TOTAL OF APPROXIMATELY 10,834 PATIENTS FROM WHICH APPROXIMATELY 1,966 WERE ADMITTED TO THE HOSPITAL. BOARD-CERTIFIED EMERGENCY MEDICINE PHYSICIANS WORK IN THE EMERGENCY DEPARTMENT AND PROVIDE EMERGENT CARE 24 HOURS A DAY, 7 DAYS A WEEK. IN THE OUTPATIENT SETTING, THE HOSPITAL OFFERS THE LATEST IN DIAGNOSTIC TESTING AND LABORATORY SERVICES, AMBULATORY SURGERY OPTIONS, AND REHABILITATION AND SPORTS MEDICINE SERVICES. OUR WOMEN'S IMAGING CENTER PROVIDES STATE-OF-THE-ART DIAGNOSTIC SERVICES IN A COMFORTABLE, PRIVATE SETTING AND OUTPATIENT PHYSICAL THERAPY, LYMPHEDEMA THERAPY, SPEECH, AND OCCUPATIONAL THERAPY SERVICES ARE PROVIDED AT FACILITIES IN EASTCHESTER AND SCARSDALE. AS EVIDENCE OF ITS FORWARD THINKING PROGRAM, NEWYORK PRESBYTERIAN/LAWRENCE HOSPITAL HAS ONE OF THE ONLY MULTI-DISCIPLINARY CARDIAC AND PULMONARY REHABILITATION PROGRAMS IN SOUTHERN WESTCHESTER COUNTY. THE DEPARTMENT PROVIDES A STRUCTURED AND SUPPORTIVE ENVIRONMENT IN WHICH MEN AND WOMEN WHO HAVE EXPERIENCED CARDIAC AND PULMONARY ILLNESSES CAN RECOVER THEIR STRENGTH AND ACHIEVE A SENSE OF WELLBEING. NEWYORK PRESBYTERIAN/LAWRENCE HOSPITAL LABORATORY IS A STATE-OF-THE ART, FULL SERVICE, COMPUTERIZED LABORATORY ACCREDITED BY THE COLLEGE OF AMERICAN PATHOLOGISTS (CAP). UNDER RIGOROUS QUALITY STANDARDS, WE HAVE BEEN PROVIDING DIAGNOSTIC LABORATORY SERVICES FOR MORE THAN 90 YEARS, MAKING US THE AREA'S MOST EXPERIENCED AND TRUSTED PROVIDER. THROUGH OUR EXTENSIVE OUTREACH PROGRAM, WE MEET COMMUNITY NEEDS BY PROVIDING LABORATORY SERVICES TO NURSING HOMES, PHYSICIAN OFFICES, COLLEGES AND HOME HEALTH AGENCIES.

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Trantor Score

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

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Financial Overview (2018)

Revenue Breakdown

Contributions & Grants $32,864
Program Service Revenue $70,940,841
Investment Income $168,736
Other Revenue $847,884
TOTAL REVENUE $71,990,325

Expense Breakdown

Grants Paid $10,072,589
Salaries & Benefits $39,032,134
Fundraising Expenses $0
Program Expenses $65,480,062
Other Expenses $25,769,831
TOTAL EXPENSES $74,874,554

Year-over-Year Comparison

2018 2017 Change
Revenue $71,990,325 $277,494,999 -0.7%
Expenses $74,874,554 $274,046,206 -0.7%
Net Income $-2,884,229 $3,448,793 -1.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
7
Independent Members
5
Employees
N/A
Volunteers
82

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
2
$581,237
Total Directors
7
$609,338
Key Employees
5
$616,628
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Richard Dresdale Chairman 1.0
Director
$0 $0 $0
Lisa Smith Barr Director 1.0
Director
$0 $0 $0
Mary Taylor Behrens Director 1.0
Director
$0 $0 $0
Dennis E Glazer Director 1.0
Director
$0 $0 $0
Thomas J Welling Director 1.0
Director
$0 $0 $0
Brian Regan Director 1.0
Director
$0 $11,222 $203,146
Michael Fosina Director/President 40.0
Officer Director
$0 $12,596 $406,192
Kathleen Burke Secretary 1.0
Officer
$0 $8,637 $175,045
Timothy Hughes SVP Business Development 60.0
Key Emp
$115,884 $14,394 $130,278
Susan Schoepp VP Finance 60.0
Key Emp
$111,610 $7,856 $119,466
Laurie Walsh VP Patient Care Service 60.0
Key Emp
$125,887 $13,476 $139,363
James Keogh VP Support Services 60.0
Key Emp
$98,539 $14,678 $113,217
Rachel Negron-Rosario VP Human Resources 60.0
Key Emp
$102,574 $11,730 $114,304
Carlos Flores Director ER 40.0
Highest
$120,499 $8,542 $129,041
Rathindra Banik Physician ER 40.0
Highest
$145,206 $5,562 $150,768
Brian Fahnrich Physician ER 40.0
Highest
$119,773 $2,936 $122,709
Saleem Bacus Physician ER 40.0
Highest
$113,559 $3,003 $116,562
Ingrid Mudge Physician ER 40.0
Highest
$96,603 $9,614 $106,217
Edward M Dinan Former Officer 0.0
$172,062 $1,882 $173,944
Phyllis R Lantos Former Officer 0.0
$0 $9,971 $1,234,492
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
2018 $71,990,325 $74,874,554 No data $-2,884,229
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