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Nonprofiteer
← BASSETT HOSPITAL OF SCHOHARIE COUNTY

Form 990 for tax year 2022

Filed by BASSETT HOSPITAL OF SCHOHARIE COUNTY.

Totals

Total revenue
$44,747,866
Total expenses
$35,093,854
Contributions and grants received
$1,367,648
Grants paid
$0
Program service revenue
$42,669,165
Investment income
$19,712
Other revenue
$691,341
Total assets, end of year
$49,556,369
Total liabilities, end of year
$3,366,316
Net assets or fund balances, end of year
$46,190,053
Program services expenses (Part IX)
$29,595,410
Management and general expenses
$5,498,444
Fundraising expenses
$0
Program service expenses (Part III)
$29,595,410

Program services were 84.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $283,090

  • 1e · Government grants (contributions)

    $1,031,722

  • 1f · All other contributions, gifts and grants

    $52,836

  • 2a · Program service revenue: NET PATIENT SERVICE REVENUE

    total $42,669,165 · related or exempt $42,669,165

  • 3 · Investment income

    total $21,800 · excluded $21,800

  • 7b · Less cost or other basis and sales expenses

    other assets $2,088

  • 7c · Gain or loss

    other assets -$2,088

  • 7d · Net gain or loss

    total -$2,088 · excluded -$2,088

  • 11a · Other revenue: OTHER OPERATING REVENUE

    total $466,680 · related or exempt $466,680

  • 11b · Other revenue: AFFILIATE REVENUE

    total $214,928 · related or exempt $214,928

  • 11c · Other revenue: RENTAL REVENUE

    total $9,733 · related or exempt $9,733

  • 11e · Other revenue, total

    $691,341

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $245,932 · management and general $245,932

  • 7 · Other salaries and wages

    total $12,210,977 · program services $8,594,453 · management and general $3,616,524

  • 8 · Pension plan contributions

    total $268,825 · program services $185,472 · management and general $83,353

  • 9 · Other employee benefits

    total $1,425,119 · program services $983,239 · management and general $441,880

  • 10 · Payroll taxes

    total $1,131,002 · program services $780,317 · management and general $350,685

  • 11b · Fees: legal

    total $8,422 · management and general $8,422

  • 11d · Fees: lobbying

    total $8,996 · management and general $8,996

  • 11g · Fees: other

    total $10,233,620 · program services $10,233,620

  • 12 · Advertising and promotion

    total $14,201 · program services $9,798 · management and general $4,403

  • 13 · Office expenses

    total $60,580 · program services $41,796 · management and general $18,784

  • 16 · Occupancy

    total $466,206 · program services $321,652 · management and general $144,554

  • 17 · Travel

    total $9,767 · program services $9,767

  • 20 · Interest

    total $63,485 · program services $43,801 · management and general $19,684

  • 22 · Depreciation, depletion and amortization

    total $1,162,983 · program services $802,382 · management and general $360,601

  • 23 · Insurance

    total $161,489 · program services $111,417 · management and general $50,072

  • 24a · Other expenses: PURCHASED SERVICES

    total $4,922,388 · program services $4,922,388

  • 24b · Other expenses: BAD DEBT

    total $2,137,591 · program services $2,137,591

  • 24c · Other expenses: UTILITIES

    total $466,206 · program services $321,652 · management and general $144,554

  • 24d · Other expenses: CHARITY CARE

    total $96,065 · program services $96,065

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $38,168,919 · end of year $13,342,065

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $336,402 · end of year -$3,173,217

  • 4 · Accounts receivable

    beginning of year $2,461,958 · end of year $3,406,140

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $400,688 · end of year $398,113

  • 9 · Prepaid expenses and deferred charges

    beginning of year $143,158 · end of year $152,869

  • 10a · Land, buildings and equipment: cost or other basis

    $29,587,976

  • 10b · Land, buildings and equipment: accumulated depreciation

    $22,099,142

  • 10c · Land, buildings and equipment, net

    beginning of year $8,253,373 · end of year $7,488,834

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $306,265 · end of year $27,941,565

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,429,774 · end of year $1,595,725

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $1,704,601 · end of year $1,276,685

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $10,402,212 · end of year $493,906

  • 27 · Net assets without donor restrictions

    beginning of year $36,109,482 · end of year $45,741,694

  • 28 · Net assets with donor restrictions

    beginning of year $424,694 · end of year $448,359

Mission and programs · 2022

Mission

PROVISION OF HEALTH CARE SERVICES TO RESIDENTS OF SCHOHARIE COUNTY AND THE SURROUNDING REGION.

  • PROVISION OF HOSPITAL CARE TO RESIDENTS OF SCHOHARIE COUNTY AND THE SURROUNDING REGION. INPATIENT AND OUTPATIENT SERVICES PROVIDED TO OUR PATIENTS RESULTED IN:HOSPITALIZATIONS: 820PATIENT DAYS: 4,434CLINIC VISITS: 22,634ER VISITS: 11,489SURGICAL CASES: 516

    Expenses $29,595,410 · Revenue $43,360,506

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Steven A Kroll

    CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • Patricia A O'Connor PhD

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • Antonino Cogliandro

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Jennifer Saunders

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • Daniel M Ayres

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • Deborah Funk Valois MD

    TRUSTEE

    Total calculated
    $443,650
    From this org
    $0
    From related orgs
    $413,544
    Other
    $30,106
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $413,544 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $21,570 related
    Nontaxable benefits
    $0 + $8,536 related
    Filer's total
    $0 + $443,650 related

  • Amy E Gildemeister PhD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Joseph R Sellers MD

    TRUSTEE

    Total calculated
    $615,888
    From this org
    $0
    From related orgs
    $585,627
    Other
    $30,261
    Hours/week
    0.5

    Schedule J breakdown matched by us

    Base
    $0 + $499,716 related
    Bonus
    $0 + $85,911 related
    Other
    $0
    Deferred
    $0 + $27,670 related
    Nontaxable benefits
    $0 + $2,591 related
    Filer's total
    $0 + $615,888 related

  • Sue Ellen Wagner

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • John Zacharek

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 40 related

  • Eric Stein

    PRESIDENT & CEO

    Total calculated
    $361,212
    From this org
    $0
    From related orgs
    $327,021
    Other
    $34,191
    Hours/week
    0.5

    Schedule J breakdown matched by us

    Base
    $0 + $284,968 related
    Bonus
    $0 + $42,053 related
    Other
    $0
    Deferred
    $0 + $27,670 related
    Nontaxable benefits
    $0 + $6,521 related
    Filer's total
    $0 + $361,212 related

  • Susan Oakes-Ferrucci

    VP, CLINICAL OPERATIONS & CNO

    Total calculated
    $261,710
    From this org
    $245,932
    From related orgs
    $0
    Other
    $15,778
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $245,932
    Bonus
    $0
    Other
    $0
    Deferred
    $5,132
    Nontaxable benefits
    $10,646
    Filer's total
    $261,710

  • Ghazal Nathu

    LABORATORY DIRECTOR

    Total calculated
    $192,451
    From this org
    $185,974
    From related orgs
    $0
    Other
    $6,477
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $163,974
    Bonus
    $22,000
    Other
    $0
    Deferred
    $3,774
    Nontaxable benefits
    $2,703
    Filer's total
    $192,451

  • Marcia Whitbeck

    PHARMACIST

    Total calculated
    $186,123
    From this org
    $182,444
    From related orgs
    $0
    Other
    $3,679
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $182,444
    Bonus
    $0
    Other
    $0
    Deferred
    $3,679
    Nontaxable benefits
    $0
    Filer's total
    $186,123

  • Christopher Manley

    PHARMACIST

    Total calculated
    $168,412
    From this org
    $159,017
    From related orgs
    $0
    Other
    $9,395
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $159,017
    Bonus
    $0
    Other
    $0
    Deferred
    $3,302
    Nontaxable benefits
    $6,093
    Filer's total
    $168,412

  • Patricia Cleary Barcomb

    REHABILITATION DIRECTOR

    Total calculated
    $158,368
    From this org
    $158,368
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $158,368
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $158,368

  • Kimberly Zielinski

    REGISTERED NURSE

    Total calculated
    $160,286
    From this org
    $155,641
    From related orgs
    $0
    Other
    $4,645
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $155,641
    Bonus
    $0
    Other
    $0
    Deferred
    $3,143
    Nontaxable benefits
    $1,502
    Filer's total
    $160,286

  • Christine Pirri

    FORMER VP NON-CLINICAL OPS

    Total calculated
    $377,838
    From this org
    $0
    From related orgs
    $359,906
    Other
    $17,932
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $359,906 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $16,720 related
    Nontaxable benefits
    $0 + $1,212 related
    Filer's total
    $0 + $377,838 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3 - RELATED ORG METHODS USED FOR COMPENSATION EXPLANATION
THE CHIEF EXECUTIVE OFFICER'S SALARY IS PAID BY A RELATED ORGANIZATION UNDER A MANAGEMENT SERVICES AGREEMENT. THE BASSETT HOSPITAL OF SCHOHARIE COUNTY REVIEWS THE FORMAL PROCESS THAT IS USED TO DETERMINE THE BASE COMPENSATION OF THE CEO. THE CEO WORK PLAN AND ACCOMPLISHMENTS FOR THE YEAR ARE REVIEWED. SALARY CHANGES ARE BASED ON MARKET, WORK PLAN, AND ACCOMPLISHMENTS. THE CEO'S SALARY IS SUBMITTED AS PART OF THE MANAGEMENT SERVICES AGREEMENT WHICH IS APPROVED BY THE BOARD.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • STANFORD PROFESSIONAL ASSOCIATES

    RENTAL · NY

  • FIRST COMMUNITY CARE OF BASSETT

    HEALTHCARE · NY

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • CATSKILL CARE ENTERPRISES

    C · RETAIL PHARMACY · NY

  • LEATHERSTOCKING PHYSICIANS PC

    C · HEALTHCARE · NY

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202303189349315170

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