ARNOT OGDEN MEDICAL CENTER

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1889

Legal Domicile

Principal Officer

Ronette Wiley

Phone

6077374235

Tax Period

2024-01-01 to 2024-12-31

ARNOT OGDEN MEDICAL CENTER, founded in 1889, is a major nonprofit in the Health Care sector that reported $457.1M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $441.8M left a modest 3% surplus.

Mission

Our mission is to partner with each person we serve in order to maximize their physical, emotional, social, and spiritual health. Arnot Ogden Medical Center is a not-for-profit, 225-bed tertiary medical facility with more than 115 providers from over 50 specialties. Arnot Ogden Medical Center offers specialty services at the Falck Cancer Center, Heart and Vascular Institute, Stroke Care, Maternity and Surgery. St Joseph's Hospital, which merged with Arnot Ogden in March 2019, offers a Behavioral Science Unit, Acute Rehabilitation Unit and Skilled Nursing Facility.

Program Service Accomplishments

Program 1

Expenses: $297,769,193 Revenue: $340,318,557

The Arnot Ogden Medical Center continues to provide health care related services since it opened in 1889, serving Chemung County and the Twin Tier Regions of New York and Pennsylvania. The Medical...

The Arnot Ogden Medical Center continues to provide health care related services since it opened in 1889, serving Chemung County and the Twin Tier Regions of New York and Pennsylvania. The Medical Center specialized in the fields of Cardiology, Oncology, Renal, Neonatology, Bariatric and Emergency Care. Other sub specialized services include, but are not limited to, Anesthesiology, Surgery, Laboratory, Imaging, Physical Therapy, Obstetrics, and Gynecology. In 2024, the Medical Center's 2,492 Full-time equivalent of employees cared for 40,341 inpatient admissions in its 191 staffed beds. The Medical Center provided Outpatient Services to approximately 433,858 Outpatient Visits in its subspecialty services. The approximately 187 Full-time equivalents of providers provided for 263,466 office visits in the areas of primary care and specialty services.

Program 2

Expenses: $1,024,238 Revenue: $366,032

The Arnot Ogden Medical Center School of Nursing began in 1889 and fully migrated to offering a two-year associate program accredited by the National League for Nursing with approximately 35 students enrolled in 2024. The Arnot Ogden School of Radiologic Sciences began in 1953 and continues to offer a two-year certificate program, which is accredited by the Joint Review Commission on Education in Radiologic Technology with approximately 16 students enrolled in 2024. Upon completion of their program of study, students are eligible to take the NYS licensing examinations for Registered Nurse or Radiologic Technologist.

Program 3

Expenses: $26,670,278 Revenue: $39,962,584

Arnot Ogden Medical Center participates in the federal 340B Pharmacy program. This program requires pharmaceutical manufacturers participating in Medicaid to sell outpatient drugs at discounted...

Arnot Ogden Medical Center participates in the federal 340B Pharmacy program. This program requires pharmaceutical manufacturers participating in Medicaid to sell outpatient drugs at discounted prices to health care organizations that care for many uninsured and low-income patients. Arnot Ogden Medical Center also has a Specialty Pharmacy on our St. Joseph's campus.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $64,799,667

Program Service Revenue $380,647,173

Investment Income $2,810,518

Other Revenue $8,799,243

TOTAL REVENUE $457,056,601

Expense Breakdown

Grants Paid $0

Salaries & Benefits $254,703,336

Fundraising Expenses $0

Program Expenses $325,463,709

Other Expenses $187,058,752

TOTAL EXPENSES $441,762,088

Year-over-Year Comparison

	2024	2023	Change
Revenue	$457,056,601	$418,008,131	+0.1%
Expenses	$441,762,088	$383,928,131	+0.2%
Net Income	$15,294,513	$34,080,000	-0.6%

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

Financial Distress Indicator

Liquidity & Cash Position

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

Governance

Voting Members

Independent Members

Employees

3496

Volunteers

129

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

$3,237,229

Total Directors

$3,610,577

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Gary Valvano	Gastroenterologist	40	Highest	$1,032,320	$60,532	$1,092,852
Jonathan Lawrence	President & Chief Executive Officer	40	Officer Director	$1,004,832	$37,423	$1,042,255
Bryan Jarvis	Orthopedics	40	Highest	$937,695	$50,486	$988,181
Vidyasagar Mokureddy	Pain Mgmt Physician	40	Highest	$908,657	$49,096	$957,753
Matthew R Brand	Orthopedic Surgeon	40	Highest	$865,386	$57,401	$922,787
Jared Smith MD	Physician	40	Highest	$755,895	$44,060	$799,955
John Mallia	Interim CFO	50	Officer Director	$638,472	$0	$638,472
Ronette Wiley	Senior VP Chief Operating Officer	40	Officer	$538,574	$37,278	$575,852
Aleksander Rupik	President AMS	40	Officer Director	$477,385	$57,395	$534,780
James Bohan MD	Director	40	Director	$466,642	$63,933	$530,575
Steven Henegan MD	Senior VP / Chief Medical Officer	40	Officer Director	$410,967	$34,903	$445,870
Jeremy Lux MD	Director	40	Director	$370,878	$47,747	$418,625
John R Alexander Esq	Secretary	0	Officer Director	$0	$0	$0
Werner Brammer MD	Director	0	Director	$0	$0	$0
Dr Joyce Carr	Board Director	0	Director	$0	$0	$0
Jeffrey W Evenson PhD	Board Director	0	Director	$0	$0	$0
John MacMahon	Board Director	0	Director	$0	$0	$0
Andrea Miles Ogunwumi	Board Director	0	Director	$0	$0	$0
Krista Niles-Updyke	Board Director	0	Director	$0	$0	$0
Donald Quick CPA	Ex-Officio*	0	Director	$0	$0	$0
Richard Simons	Vice Chair of the Board	0	Officer Director	$0	$0	$0
Jeffrey Streeter	Board Director	0	Director	$0	$0	$0
Richard Terry DO	Director	0	Director	$0	$0	$0
Thomas Wirth	Director	0	Director	$0	$0	$0
Jan van den Blink	Chair of the Board	0	Officer Director	$0	$0	$0

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	$457,056,601	$441,762,088	$259,651,022	$15,294,513
2023	$418,008,131	$383,928,131	$261,780,303	$34,080,000
2022	$352,033,595	$366,698,885	$229,931,408	$-14,665,290
2021	$388,657,476	$381,941,571	$305,052,532	$6,715,905
2020	$362,729,676	$357,697,113	$304,855,200	$5,032,563
2019	$360,427,320	$363,841,954	$275,524,187	$-3,414,634
2018	$303,545,543	$313,441,981	$245,287,150	$-9,896,438