IRA DAVENPORT MEMORIAL HOSPITAL INC

EIN: 160835446 501(c)(3) Health Care

Bath, NY

Total Revenue
$23,231,170
Total Expenses
$29,228,269
Total Assets
$22,225,983
Net Assets
$-8,703,032
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1910
Legal Domicile
NY
Principal Officer
Jonathan Lawrence
Phone
6077768500
Tax Period
2024-01-01 to 2024-12-31

IRA DAVENPORT MEMORIAL HOSPITAL INC, founded in 1910, is a mid-sized nonprofit in the Health Care sector that reported $23.2M in total revenue in fiscal year 2024. Expenses of $29.2M exceeded revenue, resulting in a 26% operating deficit.

Mission

IRA DAVENPORT MEMORIAL HOSPITAL IS DEDICATED TO ENHANCING THE QUALITY OF LIFE WITHIN THEIR RURAL COMMUNITY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $898,078
Program Service Revenue $22,460,375
Investment Income $3,612
Other Revenue $-130,895
TOTAL REVENUE $23,231,170

Expense Breakdown

Grants Paid $0
Salaries & Benefits $15,853,284
Fundraising Expenses $0
Program Expenses $21,458,303
Other Expenses $13,374,985
TOTAL EXPENSES $29,228,269

Year-over-Year Comparison

2024 2023 Change
Revenue $23,231,170 $22,357,523 +0.0%
Expenses $29,228,269 $30,475,950 0.0%
Net Income $-5,997,099 $-8,118,427 -0.3%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
7
Employees
300
Volunteers
9

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
$1,680,727
Total Directors
9
$1,680,727
Key Employees
1
$213,789
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jonathan I Lawrence President & CEO 10
Officer Director
$0 $37,423 $1,042,255
John Mallia Interim CFO 10
Officer Director
$0 $0 $638,472
Elizabeth J Weir Site Administrator/VP of Nursing IDMH 45
Key Emp
$0 $35,304 $213,789
Rebecca Cornish Licensed Practical Nurse 45
Highest
$164,979 $0 $164,979
Amy Blum Supervising Pharmacist/Site Manager 45
Highest
$142,661 $15,097 $157,758
Chelsea Satterly Scott Emergency Room RN 50
Highest
$129,273 $24,382 $153,655
Leanne Ventura Registered Nurse 45
Highest
$143,438 $377 $143,815
Valerie Brundage Clinical Nurse I 50
Highest
$128,772 $14,694 $143,466
Werner Brammer MD Chair 1
Director
$0 $0 $0
Belinda Hoad Vice Chair 1
Director
$0 $0 $0
Joseph Meade III Treasurer 1
Director
$0 $0 $0
Jeffrey Streeter Board Member 1
Director
$0 $0 $0
Jo Miller Board Member 1
Director
$0 $0 $0
Kathryn Muller Board Member 1
Director
$0 $0 $0
Jack Wheeler Board Member 1
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 $23,231,170 $29,228,269 $22,225,983 $-5,997,099
2023 $22,357,523 $30,475,950 $15,779,394 $-8,118,427
2022 $23,586,296 $30,601,995 $17,380,790 $-7,015,699
2021 $26,878,005 $26,644,882 $20,149,443 $233,123
2020 $26,062,456 $25,147,577 $23,004,062 $914,879
2019 $23,909,096 $24,338,106 $17,442,553 $-429,010
2018 $24,246,758 $24,924,389 $17,860,817 $-677,631
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