THE MARY IMOGENE BASSETT HOSPITAL

EIN: 135596796 501(c)(3) Health Care

COOPERSTOWN, NY

Total Revenue
$694,471,179
Total Expenses
$733,107,689
Total Assets
$411,187,008
Net Assets
$170,774,398
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1921
Legal Domicile
NY
Principal Officer
STACI THOMPSON
Phone
6075473635
Tax Period
2023-01-01 to 2023-12-31

THE MARY IMOGENE BASSETT HOSPITAL, founded in 1921, is a major nonprofit in the Health Care sector that reported $694.5M in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion.

Mission

MARY IMOGENE BASSETT HOSPITAL IS A RURAL ACADEMIC MEDICAL CENTER COMMITTED TO PROVIDING EXCELLENCE IN HEALTH CARE SERVICES, EDUCATING PHYSICIANS AND OTHER HEALTH CARE PROFESSIONALS, AND PURSUING HEALTH RESEARCH.

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Trantor Score

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

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $37,788,107
Program Service Revenue $655,654,533
Investment Income $1,028,539
Other Revenue $0
TOTAL REVENUE $694,471,179

Expense Breakdown

Grants Paid $0
Salaries & Benefits $397,595,926
Fundraising Expenses $1,499,052
Program Expenses $695,382,881
Other Expenses $335,511,763
TOTAL EXPENSES $733,107,689

Year-over-Year Comparison

2023 2022 Change
Revenue $694,471,179 $641,906,216 +0.1%
Expenses $733,107,689 $706,407,874 +0.0%
Net Income $-38,636,510 $-64,501,658 -0.4%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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

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Liquidity & Cash Position

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Governance

Voting Members
17
Independent Members
16
Employees
3920
Volunteers
100

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
$1,245,184
Total Directors
16
$0
Key Employees
1
$318,846
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JANE FORBES CLARK BOARD CHAIRMAN & TRUSTEE 1.00
Director
$0 $0 $0
MAUREEN KILLACKEY MD VICE CHAIRMAN & TRUSTEE 1.00
Director
$0 $0 $0
WALTER A FRANCK MD VICE CHAIRMAN & TRUSTEE 1.00
Director
$0 $0 $0
ROBERT S HANFT TREASURER & TRUSEE 1.00
Director
$0 $0 $0
ANDREW MARIETTA SECRETARY 1.00
Director
$0 $0 $0
JOHN BULLIS TRUSTEE 1.00
Director
$0 $0 $0
DONALD R BORDLEY TRUSTEE 1.00
Director
$0 $0 $0
TERRY FULMER TRUSTEE 1.00
Director
$0 $0 $0
PETER HAMILTON TRUSTEE 1.00
Director
$0 $0 $0
J MICHAEL MOFFAT TRUSTEE 1.00
Director
$0 $0 $0
KATHERINE NICKERSON MD TRUSTEE 1.00
Director
$0 $0 $0
JAMES PATRICK TRUSTEE 1.00
Director
$0 $0 $0
KEVIN MOORE TRUSTEE 1.00
Director
$0 $0 $0
DONALD QUEST MD TRUSTEE 1.00
Director
$0 $0 $0
BRUCE VLADECK PHD TRUSTEE 1.00
Director
$0 $0 $0
DOUGLAS WILLIES TRUSTEE 1.00
Director
$0 $0 $0
TOMMY IBRAHIM PRESIDENT & CEO 1.00
Officer
$0 $33,236 $742,362
PAUL SWINKO CFO 40.00
Officer
$0 $13,800 $502,822
STACI THOMPSON EVP/COO 40.00
Key Emp
$0 $7,124 $318,846
ALFRED TINGER ATTENDING PHYSICIAN 1.00
Highest
$782,807 $30,236 $813,043
DHANANJAI MENZIES ATTENDING PHYSICIAN 1.00
Highest
$1,333,062 $35,335 $1,368,397
TIMOTHY KORYTKO ATTENDING PHYSICIAN 1.00
Highest
$780,004 $29,996 $810,000
WT HUNTSMAN DIVISION CHIEF PLASTIC SURGERY 1.00
Highest
$796,884 $34,839 $831,723
MUN HONG ATTENDING PHYSICIAN 1.00
Highest
$1,027,716 $30,570 $1,058,286
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 $694,471,179 $733,107,689 $411,187,008 $-38,636,510
2022 $641,906,216 $706,407,874 $369,559,635 $-64,501,658
2021 $653,736,548 $649,076,302 $473,816,345 $4,660,246
2020 $610,866,372 $616,237,746 $479,173,275 $-5,371,374
2019 $604,137,004 $603,912,124 $410,525,281 $224,880
2018 $564,115,730 $563,516,949 $406,104,478 $598,781
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