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Nonprofiteer
← MARY IMOGENE BASSETT HOSPITAL

Form 990 for tax year 2024

Filed by MARY IMOGENE BASSETT HOSPITAL.

Totals

Total revenue
$790,743,108
Total expenses
$835,237,314
Contributions and grants received
$50,296,580
Grants paid
$1,303,551
Program service revenue
$734,282,570
Investment income
$6,163,958
Other revenue
$0
Total assets, end of year
$430,388,130
Total liabilities, end of year
$300,855,604
Net assets or fund balances, end of year
$129,532,526
Program services expenses (Part IX)
$794,665,858
Management and general expenses
$39,704,481
Fundraising expenses
$866,975
Program service expenses (Part III)
$794,665,858

Program services were 95.1% 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

    $1,028,437

  • 1e · Government grants (contributions)

    $33,294,886

  • 1f · All other contributions, gifts and grants

    $15,973,257

  • 2a · Program service revenue: Direct Patient Service Revenue

    total $689,977,166 · related or exempt $689,977,166

  • 2b · Program service revenue: Other Patient Service Revenue

    total $44,305,404 · related or exempt $44,305,404

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $5,724,322 · excluded $5,724,322

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    other assets $439,636

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

    other assets $0

  • 7c · Gain or loss

    securities $0 · other assets $439,636

  • 7d · Net gain or loss

    total $439,636 · excluded $439,636

  • 8c · Net income from fundraising events

    total $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,303,551 · program services $1,303,551

  • 2 · Grants to domestic individuals

    total $0 · program services $0

  • 3 · Grants to foreign organizations and individuals

    total $0 · program services $0

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $524,460 · program services $524,460 · management and general $0 · fundraising $0

  • 6 · Compensation of disqualified persons

    total $111,138 · program services $111,138 · fundraising $0

  • 7 · Other salaries and wages

    total $382,901,772 · program services $345,746,338 · management and general $36,442,752 · fundraising $712,682

  • 8 · Pension plan contributions

    total $24,283,465 · program services $23,107,957 · management and general $1,175,508 · fundraising $0

  • 9 · Other employee benefits

    total $18,566,183 · program services $17,667,436 · management and general $857,073 · fundraising $41,674

  • 10 · Payroll taxes

    total $24,222,644 · program services $23,050,080 · management and general $1,172,564 · fundraising $0

  • 11a · Fees: management

    total $83,220,695 · program services $83,220,695 · management and general $0 · fundraising $0

  • 11b · Fees: legal

    total $2,230,241 · program services $2,230,241 · management and general $0 · fundraising $0

  • 11c · Fees: accounting

    total $669,800 · program services $669,800 · management and general $0 · fundraising $0

  • 11d · Fees: lobbying

    total $56,584 · program services $0 · management and general $56,584 · fundraising $0

  • 11e · Fees: professional fundraising services

    total $0 · fundraising $0

  • 11f · Fees: investment management

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11g · Fees: other

    total $62,456,539 · program services $62,343,920 · management and general $0 · fundraising $112,619

  • 12 · Advertising and promotion

    total $2,400,031 · program services $2,400,031 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $2,490,562 · program services $2,490,562 · management and general $0 · fundraising $0

  • 14 · Information technology

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 15 · Royalties

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $21,817,780 · program services $21,817,780 · management and general $0 · fundraising $0

  • 17 · Travel

    total $1,324,563 · program services $1,324,563 · management and general $0 · fundraising $0

  • 18 · Travel or entertainment for public officials

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $1,388,031 · program services $1,388,031 · management and general $0 · fundraising $0

  • 20 · Interest

    total $7,064,651 · program services $7,064,651 · management and general $0 · fundraising $0

  • 21 · Payments to affiliates

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $30,091,322 · program services $30,091,322 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $3,970,942 · program services $3,970,942 · management and general $0 · fundraising $0

  • 24a · Other expenses: DRUGS AND REAGENTS

    total $99,404,537 · program services $99,404,537

  • 24b · Other expenses: PATIENT CARE SUPPLIES

    total $51,671,535 · program services $51,671,535

  • 24c · Other expenses: BAD DEBT EXPENSE

    total $8,270,176 · program services $8,270,176

  • 24d · Other expenses: CHARITY CARE

    total $4,796,112 · program services $4,796,112

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 26 · Joint costs (an allocation of the lines above)

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $12,920,834 · end of year $16,394,862

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $37,563,269 · end of year $51,301,550

  • 4 · Accounts receivable

    beginning of year $61,121,431 · end of year $72,901,457

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 8 · Inventories for sale or use

    beginning of year $9,924,426 · end of year $10,250,716

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,128,960 · end of year $5,439,849

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

    $545,215,575

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

    $412,335,556

  • 10c · Land, buildings and equipment, net

    beginning of year $143,189,077 · end of year $132,880,019

  • 11 · Investments: publicly traded securities

    beginning of year $62,119,441 · end of year $62,340,340

  • 12 · Investments: other securities

    beginning of year $52,740,616 · end of year $58,799,315

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $25,478,954 · end of year $20,080,022

  • 17 · Accounts payable and accrued expenses

    beginning of year $50,849,371 · end of year $72,949,333

  • 20 · Tax-exempt bond liabilities

    beginning of year $61,575,000 · end of year $58,610,000

  • 22 · Loans and payables to officers and key people

    end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $45,403,230 · end of year $23,269,081

  • 25 · Other liabilities

    beginning of year $82,585,009 · end of year $146,027,190

  • 27 · Net assets without donor restrictions

    beginning of year $92,235,936 · end of year $44,940,329

  • 28 · Net assets with donor restrictions

    beginning of year $78,538,462 · end of year $84,592,197

Mission and programs · 2024

Mission

MARY IMOGENE BASSETT HOSPITAL IS A RURAL ACADEMIC MEDICAL CENTER COMMITTED TO PROVIDING EXCELLENCE IN HEALTH CARE SERVICES, EDUCATING PHYSICIANS AND OTHER HEALTH CARE PROFESSIONALS, AND PURSUING HEALTH RESEARCH.

  • INPATIENT AND OUTPATIENT SERVICES PROVIDED TO OUR PATIENTS RESULTED IN OVER 11,000 HOSPITALIZATIONS, 50,000 PATIENT DAYS, 15,000 EMERGENCY VISITS, 634,000 OUTPATIENT VISITS AND 8,000 SURGICAL CASES

    Expenses $789,869,746 · Grants $1,303,551 · Revenue $734,282,570

  • COMMUNITY INVOLVEMENT HAS BEEN LINKED TO BASSETT'S MISSION AND VALUES SINCE IT FIRST OPENED IN 1921. WHETHER IT IS STRENGTHENING OUR COMMUNITY RELATIONSHIPS FOR HEALTH AND WELLNESS, COMMUNICATING IDEAS FOR IMPROVING OUR SERVICES TO OUR REGION, OR PROVIDING A FORUM FOR BASSETT TO LEARN AND LISTEN, WE ARE WORKING WITH OUR COMMUNITY TO IMPROVE THE QUALITY OF LIFE OF THE PEOPLE OF OUR REGION. OUR COMMUNITY SERVICES PROGRAM PROVIDES FREE SERVICES TO PERSONS WHO CANNOT AFFORD TO PAY, WHO DO NOT QUALIFY FOR MEDICAID, AND WHO FALL WITHIN THE ESTABLISHED INCOME GUIDELINES. BASSETT'S COMMUNITY HEALTH EDUCATION PROGRAMS INCLUDE LECTURES, PRESENTATIONS, HEALTH FAIRS, AND OTHER GROUP PROGRAMS IN ADDITION TO THE CLINICAL AND DIAGNOSTIC SERVICES OFFERED. CLINICAL SERVICES OFFERED INCLUDES SCREENINGS, HEALTH TESTS AND HEALTH RISK APPRAISALS INCLUDING BLOOD PRESSURE, LIPID PROFILE, CHOLESTEROL SCREENINGS, CARDIOLOGY RISK FACTOR SCREENINGS, AND ALL CANCER SCREENINGS. OUR COMMUNITY BUILDING ACTIVITIES INCLUDE PHILANTHROPIC SUPPORT FOR HEALTH INITIATIVES AND COMMUNITY HEALTH AND WELFARE PROJECTS INCLUDING PROMOTING HEALTHY LIFESTYLES, DISEASE PREVENTION, AND COMMUNITY AWARENESS INITIATIVES. OUR DOORS ARE OPEN 24 HOURS A DAY, 7 DAYS A WEEK, 365 DAYS A YEAR. WE ARE PROUD TO PROVIDE CARE TO OUR COMMUNITIES.

    Expenses $4,796,112

As filed on the 2024 return.

Listed in Part VII

  • Staci Thompson

    Network President CEO

    Total calculated
    $878,927
    From this org
    $0
    From related orgs
    $866,810
    Other
    $12,117
    Hours/week
    2 + 52 related

    Schedule J breakdown matched by us

    Base
    $0 + $826,810 related
    Bonus
    $0 + $40,000 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $12,117 related
    Filer's total
    $0 + $878,927 related

  • Andrew Marietta

    Board Secretary

    Total calculated
    $0
    Hours/week
    2

  • Bruce C Vladeck PhD

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Donald Bordley MD

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Donald O Quest MD

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Douglas B Willies

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • J Michael Moffat

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • James Patrick

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Jane Forbes Clark

    Chair

    Total calculated
    $0
    Hours/week
    2

  • John D Bullis

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Katherine G Nickerson MD

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Kevin Moore

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Maureen Killackey MD

    Vice Chair

    Total calculated
    $0
    Hours/week
    2

  • Peter J Hamilton

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Robert Hanft

    Treasurer

    Total calculated
    $0
    Hours/week
    2

  • Terry Fulmer PhD RN

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Walter Franck MD

    Vice Chair

    Total calculated
    $0
    Hours/week
    2

  • Craig Faerber

    Interim Network CFO

    Total calculated
    $524,460
    From this org
    $524,460
    From related orgs
    $0
    Other
    $0
    Hours/week
    40 + 18 related

    Schedule J breakdown matched by us

    Base
    $524,460
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $524,460

  • Henry Weil MD

    BMC President

    Total calculated
    $851,976
    From this org
    $0
    From related orgs
    $809,687
    Other
    $42,289
    Hours/week
    2 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $735,627 related
    Bonus
    $0 + $74,060 related
    Other
    $0
    Deferred
    $0 + $31,206 related
    Nontaxable benefits
    $0 + $11,083 related
    Filer's total
    $0 + $851,976 related

  • Dhananjai Menzies

    Snr Attending Physician

    Total calculated
    $1,385,752
    From this org
    $1,348,890
    From related orgs
    $0
    Other
    $36,862
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,280,895
    Bonus
    $67,995
    Other
    $0
    Deferred
    $31,206
    Nontaxable benefits
    $5,656
    Filer's total
    $1,385,752

  • Ethan Talbot

    Snr Attending Physician

    Total calculated
    $907,284
    From this org
    $873,564
    From related orgs
    $0
    Other
    $33,720
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $581,919
    Bonus
    $291,645
    Other
    $0
    Deferred
    $24,306
    Nontaxable benefits
    $9,414
    Filer's total
    $907,284

  • Mun Hong

    Associate Chief

    Total calculated
    $1,036,197
    From this org
    $1,005,697
    From related orgs
    $0
    Other
    $30,500
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $990,258
    Bonus
    $15,439
    Other
    $0
    Deferred
    $24,306
    Nontaxable benefits
    $6,194
    Filer's total
    $1,036,197

  • Timothy P Korytko

    Division Chief

    Total calculated
    $897,018
    From this org
    $861,711
    From related orgs
    $0
    Other
    $35,307
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $741,400
    Bonus
    $120,311
    Other
    $0
    Deferred
    $27,756
    Nontaxable benefits
    $7,551
    Filer's total
    $897,018

  • WT Huntsman

    Division Chief Plastic Reconstructive

    Total calculated
    $965,724
    From this org
    $929,324
    From related orgs
    $0
    Other
    $36,400
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $831,537
    Bonus
    $97,787
    Other
    $0
    Deferred
    $31,206
    Nontaxable benefits
    $5,194
    Filer's total
    $965,724

  • Tommy Ibrahim MD

    Former President

    Total calculated
    $424,611
    From this org
    $0
    From related orgs
    $411,723
    Other
    $12,888
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0 + $411,723 related
    Deferred
    $0 + $12,888 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $424,611 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 committee
  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 7 · Other non-fixed payments

Answered no

  • 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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 4a Severance or change-of-control payment
TOMMY IBRAHIM, MD RECEIVED A SEVERANCE PAYMENT IN THE AMOUNT OF $166,325 AND PTO PAYOUT IN THE AMOUNT OF $245,398. THESE AMOUNTS ARE INCLUDED IN THE TOTAL REPORTED IN COLUMN B(III).
Schedule J, Part I, Line 7 Non-fixed payments
NON-FIXED PAYMENTS PROVIDED NON-FIXED PAYMENTS ARE MADE BASED ON THE SUCCESS IN MEETING PERFORMANCE CRITERIA THAT ARE PROSPECTIVELY AGREED UPON AS GOALS FOR THE OFFICERS AND OTHER EMPLOYEES.

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

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • BASSETT ACCOUNTABLE CARE PARTNERS LLC

    HEALTHCARE QUALITY · NY · income $0 · assets $0

    Directly controlled by MIBH

Related partnerships

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

  • First Community Care of Bassett

    N/A · Healthcare · NY

    Directly controlled by BHN

  • Stamford Professional Associates

    N/A · Rental · NY

    Directly controlled by NA

Related corporations and trusts

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

  • Leatherstocking Physicians PC

    C Corporation · Healthcare Services · NY

    Directly controlled by NA

  • Catskill Care Enterprises

    C Corporation · Retail Pharmacy · NY

    Directly controlled by AO FOX

Provenance

Return type
form_990
Tax year
2024
Filed
13 November 2025
IRS schema version
2024v5.1
Source object
202533179349306798

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