NORWICH, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)CHENANGO MEMORIAL HOSPITAL INC, founded in 1910, is a major nonprofit in the Health Care sector that reported $111.5M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $100.8M left a modest 10% surplus.
CHENANGO MEMORIAL HOSPITAL, INC. (THE HOSPITAL) IS A NOT-FOR-PROFIT CORPORATION ORGANIZED TO OPERATE ACUTE NURSING FACILITIES IN NORWICH, NEW YORK. THE HOSPITAL PROVIDES INPATIENT, OUTPATIENT, AND EMERGENCY CARE SERVICES FOR RESIDENTS OF CHENANGO AND SURROUNDING COUNTIES.
INPATIENT, ACUTE NURSING SERVICES- CHENANGO MEMORIAL HOSPITAL FULFILLS ITS MISSION BY WORKING TOGETHER WITH THE COMMUNITY, PHYSICIANS AND OTHER HEALTH CARE PROVIDERS TO CONTINUOUSLY IMPROVE THE...
INPATIENT, ACUTE NURSING SERVICES- CHENANGO MEMORIAL HOSPITAL FULFILLS ITS MISSION BY WORKING TOGETHER WITH THE COMMUNITY, PHYSICIANS AND OTHER HEALTH CARE PROVIDERS TO CONTINUOUSLY IMPROVE THE AVAILABILITY AND QUALITY OF SERVICES AND THE ABILITY TO PROVIDE A COMPREHENSIVE RANGE OF SHORT-TERM INPATIENT ACUTE SERVICES. CHENANGO MEMORIAL HOSPITAL PROVIDES A WIDE RANGE OF MEDICAL-SURGICAL SERVICES, INCLUDING: OPHTHALMOLOGY, EMERGENCY MEDICINE, MATERNITY CARE, PULMONARY MEDICINE, AND PEDIATRICS. TOTAL INPATIENT DAYS FOR THE YEAR ENDED DECEMBER 31, 2024 WAS 4,782. DISCHARGES WERE 1,383, AND AVERAGE LENGTH OF STAY WAS 3.46 DAYS. THERE WERE 198 BIRTHS AND 296 INPATIENT SURGERIES PERFORMED AT CHENANGO MEMORIAL HOSPITAL IN 2024. IN 2024, CHENANGO MEMORIAL HOSPITAL GAVE FINANCIAL ASSISTANCE TO 68 INDIVIDUALS FOR WHICH $512,222 OF INPATIENT CARE (AT CHARGES) WAS PROVIDED.
OUTPATIENT AND AMBULATORY SERVICES- CHENANGO MEMORIAL HOSPITAL ALSO PROVIDES A WIDE RANGE OF OUTPATIENT DIAGNOSTIC AND TREATMENT SERVICES, INCLUDING EMERGENCY DEPARTMENT, AMBULATORY SURGERY...
OUTPATIENT AND AMBULATORY SERVICES- CHENANGO MEMORIAL HOSPITAL ALSO PROVIDES A WIDE RANGE OF OUTPATIENT DIAGNOSTIC AND TREATMENT SERVICES, INCLUDING EMERGENCY DEPARTMENT, AMBULATORY SURGERY, FULL-SERVICE LABORATORY, COMPREHENSIVE IMAGING AND OTHER PROCEDURAL OUTPATIENT SERVICES. TOTAL PATIENT VISITS FOR OUTPATIENT SERVICES FOR YEAR-ENDED 2024 WAS 211,859. INCLUDED IN THE 211,829 VISITS WERE 17,203 EMERGENCY ROOM VISITS, 769 EMERGENCY ROOM TREATED AND ADMITTED AS ACUTE CARE PATIENTS, 3,761 VARIOUS OUTPATIENT SURGICAL CASES, AND 190,126 OTHER OUTPATIENT DEPARTMENT VISITS. IN 2024, CHENANGO MEMORIAL HOSPITAL GAVE FINANCIAL ASSISTANCE TO 2,691 INDIVIDUALS FOR WHICH $2,756,099 OF OUTPATIENT CARE (AT CHARGES) WAS PROVIDED.
CLINICS- CHENANGO MEMORIAL HOSPITAL PROVIDES A WIDE RANGE OF PRIMARY CARE AND SPECIALTY CARE CLINICS. PRIMARY CARE SERVICES ARE THE FOUNDATION FOR SERVING THE COMMUNITY WITH A COORDINATED SYSTEM OF...
CLINICS- CHENANGO MEMORIAL HOSPITAL PROVIDES A WIDE RANGE OF PRIMARY CARE AND SPECIALTY CARE CLINICS. PRIMARY CARE SERVICES ARE THE FOUNDATION FOR SERVING THE COMMUNITY WITH A COORDINATED SYSTEM OF CARE, WITH SPECIAL ATTENTION TO UNDER-SERVED AREAS. CMH OFFERS FIVE FAMILY HEALTH CENTERS LOCATED THROUGHOUT A MULTI-COUNTY SERVICE AREA: 1) NORWICH FAMILY HEALTH CENTER 2) INTERNAL MEDICINE 3) OXFORD FAMILY HEALTH CENTER 4) SHERBURNE FAMILY HEALTH CENTER AND 5) SIDNEY FAMILY HEALTH CENTER. OTHER OUTPATIENT SERVICES INCLUDE: GERIATRICS, WOMEN'S HEALTH CENTER, GENERAL SURGERY, HEART CENTER, GI, ORTHOPEDICS, PODIATRY, ONCOLOGY AND PAIN MANAGEMENT CLINIC. TOTAL PATIENT VISITS FOR THE CMH CLINICS AT YEAR-ENDED 2024 WAS 82,173.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $111,514,379 | $100,079,974 | +0.1% |
| Expenses | $100,761,685 | $93,929,658 | +0.1% |
| Net Income | $10,752,694 | $6,150,316 | +0.7% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| JOHN M CARRIGG | BOARD MEMBER/ 2ND VICE CHAIR | 2.00 |
Officer
Director
|
$0 | $50,729 | $1,437,541 |
| JOSEPH R STAGLIANO | BOARD MEMBER/ CHAIR | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| BRUCE S ERATH | BOARD MEMBER/ 1ST VICE CHAI | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| DRAKE LAMEN MD | BOARD MEMBER/ PRESIDENT/CEO/CMO | 2.00 |
Officer
Director
|
$415,119 | $46,090 | $461,209 |
| ROBERT W NASSAR | BOARD MEMBER/ SECRETARY | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| JULIANNE OEHLBECK | BOARD MEMBER/ TREASURER | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| ELIZABETH K BOLAND | BOARD MEMBER | 2.00 |
Director
|
$0 | $31,579 | $766,154 |
| KURT HARDING DO | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| SHAUNA HYLE | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| ERIC G LARSEN | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| SHEILA MARSHMAN | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| MARTIN MASARECH MD | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| LUKE MURPHY | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| DENISE REPPERT | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| BARBARA SCHINDLER | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| JAY SMITH | BOARD MEMBER | 2.00 |
Director
|
$0 | $31,015 | $606,385 |
| PHYLLIS SHERIFF-WHITE | PRESIDENT OF MED STAFF | 55.00 |
Officer
|
$432,270 | $43,844 | $476,114 |
| THOMAS GENESE | VICE PRESIDENT MEDICAL AFFAIRS | 55.00 |
Officer
|
$375,484 | $53,330 | $428,814 |
| DESIREE A AXLEY | VP FINANCE AND CFO | 55.00 |
Officer
|
$261,767 | $15,367 | $277,134 |
| CHRISTINA KISACKY | VP OF OPERATIONS | 55.00 |
Officer
|
$233,508 | $27,281 | $260,789 |
| KRISTINA HUMMER | VP OF MEDICAL | 55.00 |
Officer
|
$217,995 | $28,535 | $246,530 |
| DAVID FINNEY | VP NURSING | 55.00 |
Officer
|
$0 | $40,265 | $247,005 |
| ZAIMA CHOUDHRY | PHYSICIAN | 55.00 |
Highest
|
$236,572 | $28,200 | $332,721 |
| SRIKANTH PORANKI | DIRECTOR STRATEGIC INITIATIVE | 55.00 |
Highest
|
$184,590 | $10,121 | $194,711 |
| RICHARD R STONE | VICE PRESIDENT SUPPORT SERVICES | 55.00 |
Highest
|
$183,059 | $43,586 | $226,645 |
| MATTHEW MASSE | DIRECTOR SERVICE COORDINATION | 55.00 |
Highest
|
$162,776 | $8,396 | $171,172 |
| MELISSA STAGNARO | DIRECTOR DEVELOPMENT & ENGAGEMENT | 55.00 |
Highest
|
$153,401 | $45,304 | $198,705 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $111,514,379 | $100,761,685 | $114,199,096 | $10,752,694 |
| 2023 | $100,079,974 | $93,929,658 | $99,102,707 | $6,150,316 |
| 2022 | $90,798,708 | $87,686,631 | $91,116,827 | $3,112,077 |
| 2021 | $88,943,242 | $78,335,295 | $91,078,549 | $10,607,947 |
| 2020 | $89,278,874 | $75,701,611 | $77,155,015 | $13,577,263 |
| 2019 | $78,551,520 | $72,103,410 | $56,498,249 | $6,448,110 |
| 2018 | $77,548,506 | $73,576,566 | $48,051,242 | $3,971,940 |
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