MVHS INC

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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

2000

Legal Domicile

Principal Officer

LOUIS AIELLO

Phone

3159179966

Tax Period

2023-01-01 to 2023-12-31

MVHS INC, founded in 2000, is a major nonprofit in the Health Care sector that reported $485.8M in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum.

Mission

MVHS, INC. DBA WYNN HOSPITAL IS A FULL SERVICE HOSPITAL CAPABLE OF HANDLING VIRTUALLY ALL THE HEALTHCARE NEEDS IN THE COMMUNITY. OUR VISION IS FOR MVHS AND OUR FLAGSHIP, WYNN HOSPITAL, TO BE THE LEADING PATIENT-CENTERED MEDICAL AND HEALING ENVIRONMENT, THE EMPLOYER OF CHOICE AND THE PRIDE OF CENTRAL NEW YORK.

Program Service Accomplishments

Program 1

Expenses: $175,722,261 Revenue: $169,852,772

INPATIENT/ACUTE CARE SERVICES - MVHS, INC. DBA WYNN HOSPITAL (PREVIOUSLY FAXTON ST LUKE'S HEALTHCARE OR FSLH) IS A FULL SERVICE HOSPTIAL WITH 373 LICENSED BEDS. THE HOSPTIAL PROVIDES A FULL RANGE OF ANCILLARY SERVICES, INCLUDING MATERNITY AND NEWBORN CARE SERVICES. DISBURSEMENTS MADE BY THE HOSPTIAL ARE EXCLUSIVELY FOR SERVICES AND MATERIALS USED IN PERFORMING THE HOSPITAL'S EXEMPT FUNCTIONS. MVHS, INC DBA WYNN HOSPITAL PROVIDES CARE TO EVERYONE REGARDLESS OF RACE, RELIGION OR ABILITY TO PAY.

Program 2

Expenses: $81,432,267 Revenue: $77,370,798

RADIOLOGY/MEDICAL IMAGING - MVHS MEDICAL IMAGING PROVIDES DIAGNOSTIC AND INTERVENTIONAL RADIOLOGY USING RADIATION, SOUND WAVES OR MAGNETIC FIELDS IN MEDICAL DIAGNOSIS AND INCLUDES IMAGING TECHNOLOGY SUCH AS X-RAYS, COMPUTED TOMOGRAPHY (CT), MAGNETIC RESONANCE IMAGING (MRI) AND ULTRASOUND. MVHS OFFERS THE FOLLOWING MEDICAL IMAGING SERVICES AT 4 CENTRAL LOCATIONS, IN ADDITION TO THOSE OUTPATIENT X-RAY SERVICES PROVIDED AT VARIOUS PRIMARY CARE SITES: CT SCANS, ULTRASOUND, EMERGENCY RADIOLOGY, FLUOROSCOPY, INPATIENT X-RAY, OUTPATIENT X-RAY, INTERVENTIONAL RADIOLOGY, NUCLEAR MEDICINE, PET SCAN, DIGITAL MAMMOGRAPHY, 3D MAMMOGRAPHY, STEREOTACTIC AND ULTRASOUND BREAST BIOPSY AND BONE DENSITY/DEXA SCAN.

Program 3

Expenses: $21,429,544 Revenue: $20,478,759

CANCER CARE - AT THE CANCER CENTER, WE CARE FOR PATIENTS WHO HAVE BEEN DIAGNOSED WITH A VARIETY OF CANCERS. OUR PERSONALIZED APPROACH TO CARE IS BASED ON THE BELIEF THAT EVERY PATIENT AND THEIR NEEDS ARE UNIQUE. FROM TREATMENT OPTIONS TO SYMPTOM MANAGEMENT, THE CARE WE PROVIDE IS INDIVIDUALLY TAILORED TO EACH PATIENT. OUR WIDE RANGE OF SERVICES INCLUDE: SYMPTOM MANAGEMENT, CANCER EDUCATION, SUPPORT GROUPS, COMMUNITY RESOURCES, CLINICAL TRIALS, HORMONE THERAPY, AND SURVIVORSHIP.

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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 (2023)

Revenue Breakdown

Contributions & Grants $14,558,636

Program Service Revenue $418,352,672

Investment Income $13,137,227

Other Revenue $39,759,717

TOTAL REVENUE $485,808,252

Expense Breakdown

Grants Paid $0

Salaries & Benefits $232,278,260

Fundraising Expenses $0

Program Expenses $428,591,122

Other Expenses $248,701,752

TOTAL EXPENSES $480,980,012

Year-over-Year Comparison

	2023	2022	Change
Revenue	$485,808,252	$392,489,419	+0.2%
Expenses	$480,980,012	$393,569,773	+0.2%
Net Income	$4,828,240	$-1,080,354	-5.5%

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

5479

Volunteers

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

$1,742,684

Total Directors

$1,896,175

Key Employees

$1,142,807

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREGORY EVANS	CHAIRMAN	1.00	Officer Director	$0	$0	$0
LAUREN BULL	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
KAREN LEACH	SECRETARY	1.00	Officer Director	$0	$0	$0
RICHARD ZWEIFEL	TREASURER	1.00	Officer Director	$0	$0	$0
RICHARD TANTILLO	PHILANTHROPY CHAIR	1.00	Officer Director	$0	$0	$0
JOAN COMPSON	CHAIR EMERITUS	1.00	Director	$0	$0	$0
NORMAN SIEGEL	CHAIR EMERITUS	1.00	Director	$0	$0	$0
CATHERINE BROWNELL PHD	DIRECTOR	1.00	Director	$0	$0	$0
DOMENIC P AIELLO MD	DIRECTOR	1.00	Director	$0	$0	$0
GREGORY B MCLEAN	DIRECTOR	1.00	Director	$0	$0	$0
BARBARA BRODOCK	DIRECTOR	1.00	Director	$0	$0	$0
CATHERINE COMINSKY	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW KOWALCZYK III	DIRECTOR	1.00	Director	$0	$0	$0
SYMEON TSOUPELIS	DIRECTOR	1.00	Director	$0	$0	$0
SUSHMA KAUL MD	PHYSICIAN/MEDICAL STAFF VP	51.00	Director	$687,185	$30,633	$717,818
JONATHAN BLOCK MD	DIRECTOR/MEDICAL STAFF PR	1.00	Director	$33,000	$0	$109,000
DARLENE STROMSTAD	PRESIDENT/CEO	30.00	Officer Director	$1,044,354	$25,003	$1,069,357
LOUIS AIELLO	SR VICE PRESIDENT/CFO	27.00	Officer	$92,760	$34,699	$673,327
JEROME DAYAO DNPMSRNNEA-BCCCRN-K	SR VP/CNO	27.00	Key Emp	$508,455	$9,504	$517,959
KENT HALL MD	SVP/PHYSICIAN PRACTICE AND	30.00	Key Emp	$592,426	$32,422	$624,848
CHRISTOPHER MAX MD	PHYSICIAN	50.00	Highest	$744,370	$31,785	$776,155
ANDREW PELLECCHIA MD	PHYSICIAN	50.00	Highest	$794,941	$31,700	$826,641
ATUL BUTALA MD	PHYSICIAN	50.00	Highest	$744,854	$27,661	$772,515
MARIO CARRILLO DO	PHYSICIAN	50.00	Highest	$798,549	$28,378	$826,927
JONATHAN WIGDERSON MD	PHYSICIAN	50.00	Highest	$683,917	$28,124	$712,041

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	$485,808,252	$480,980,012	$973,979,136	$4,828,240
2022	$392,489,419	$393,569,773	$312,244,691	$-1,080,354
2022	$392,489,419	$393,569,773	$312,244,691	$-1,080,354
2021	$364,490,898	$352,642,125	$336,161,577	$11,848,773
2020	$326,969,280	$315,677,958	$312,187,526	$11,291,322
2019	$309,509,024	$316,647,559	$267,971,086	$-7,138,535
2018	$314,962,914	$310,543,262	$251,051,992	$4,419,652
2018	$314,962,914	$310,543,262	$251,051,992	$4,419,652