Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $2,004,311

• 2a · Program service revenue: PROFESSIONAL HOME CARE VISITS

  total $20,489,655 · related or exempt $20,489,655

• 2b · Program service revenue: HOSPICE SERVICES

  total $12,781,075 · related or exempt $12,781,075

• 2c · Program service revenue: PEDIATRIC SERVICES

  total $598,829 · related or exempt $598,829

• 2d · Program service revenue: PARAPROFESSIONAL SERVICES

  total $529,536 · related or exempt $529,536

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

  other assets $5,311

• 7c · Gain or loss

  other assets -$5,311

• 7d · Net gain or loss

  total -$5,311 · excluded -$5,311

• 11a · Other revenue: INTERCOMPANY REVENUES

  total $744,900 · related or exempt $744,900

• 11b · Other revenue: MISCELLANEOUS REVENUES

  total $339,777 · related or exempt $339,777

• 11e · Other revenue, total

  $1,084,677

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $419,317 · management and general $419,317

• 6 · Compensation of disqualified persons

  total $250,000 · management and general $250,000

• 7 · Other salaries and wages

  total $18,146,602 · program services $15,198,714 · management and general $2,947,888

• 8 · Pension plan contributions

  total $645,671 · program services $528,273 · management and general $117,398

• 9 · Other employee benefits

  total $2,717,432 · program services $2,195,967 · management and general $521,465

• 10 · Payroll taxes

  total $1,325,236 · program services $1,079,074 · management and general $246,162

• 11b · Fees: legal

  total $318,486 · management and general $318,486

• 11c · Fees: accounting

  total $154,288 · management and general $154,288

• 11g · Fees: other

  total $7,242,510 · program services $4,799,974 · management and general $2,442,536

• 12 · Advertising and promotion

  total $14,288 · program services $10,287 · management and general $4,001

• 13 · Office expenses

  total $294,481 · program services $184,069 · management and general $110,412

• 14 · Information technology

  total $327,292 · management and general $327,292

• 16 · Occupancy

  total $393,257 · program services $1,127 · management and general $392,130

• 17 · Travel

  total $739,294 · program services $717,961 · management and general $21,333

• 19 · Conferences, conventions and meetings

  total $8,941 · program services $5,371 · management and general $3,570

• 20 · Interest

  total $187,892 · management and general $187,892

• 22 · Depreciation, depletion and amortization

  total $494,634 · program services $494,634

• 23 · Insurance

  total $163,587 · management and general $163,587

• 24a · Other expenses: PATIENT RELATED SUPPLIE

  total $935,302 · program services $935,228 · management and general $74

• 24b · Other expenses: RECRUITMENT

  total $140,536 · management and general $140,536

• 24c · Other expenses: DUES & SUBSCRIPTIONS

  total $114,308 · program services $25,536 · management and general $88,772

• 24d · Other expenses: NEW YORK STATE CASH REC

  total $79,965 · program services $79,965

• 24e · All other expenses

  total $82,738 · program services $16,425 · management and general $66,313

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  end of year $829,804

• 4 · Accounts receivable

  beginning of year $3,919,044 · end of year $4,646,190

• 8 · Inventories for sale or use

  beginning of year $12,595 · end of year $18,333

• 9 · Prepaid expenses and deferred charges

  beginning of year $243,072 · end of year $136,327

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

  $9,906,426

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

  $6,082,249

• 10c · Land, buildings and equipment, net

  beginning of year $4,108,803 · end of year $3,824,177

• 15 · Other assets

  beginning of year $28,555,035 · end of year $30,549,362

• 17 · Accounts payable and accrued expenses

  beginning of year $4,241,467 · end of year $3,332,319

• 19 · Deferred revenue

  beginning of year $94,333 · end of year $133,409

• 23 · Secured mortgages and notes payable

  beginning of year $4,047,302

• 25 · Other liabilities

  beginning of year $60,297,763 · end of year $66,253,084

• 27 · Net assets without donor restrictions

  beginning of year -$31,842,316 · end of year -$29,714,619

The filer's explanations (Part III)

PART I, LINE 3

WRITTEN SELF-EVALUATION AND PERFORMANCE EVALUATIONS FOR UR MEDICINE HOME CARE, CERTIFIED SERVICES, INC. ("URMHCCS"), OFFICERS ARE REVIEWED BY THE COMMITTEE ON COMPLIANCE AND COMPENSATION OF THE UNIVERSITY OF ROCHESTER MEDICAL CENTER BOARD OF DIRECTORS ANNUALLY. THE COMMITTEE ON COMPLIANCE AND COMPENSATION HAS ACCESS TO THE EVALUATIONS FROM URMHCCS'S BOARD OF DIRECTORS, AND THE CEO OF URMC HEALTH SYSTEM HAS ACCESS TO THE EVALUATION OF THE CEO OF URMHCCS. THE COMMITTEE ON COMPLIANCE AND COMPENSATION REVIEWS AND APPROVES TOTAL COMPENSATION FOR OFFICERS AND CONSIDERS, IN ADDITION TO THE EVALUATIONS, THE SCOPE OF THE INDIVIDUAL'S JOB RESPONSIBILITIES, PREVIOUS COMPENSATION AND COMPARABLE COMPENSATION PAID TO PEOPLE WITH SIMILAR RESPONSIBILITIES AT COMPARABLE INSTITUTIONS. THE COMPARABLE INFORMATION IS PROVIDED BY AN INDEPENDENT CONSULTANT AND IS BASED ON LOCAL REGIONAL AND NATIONAL COMPENSATION SURVEYS.

PART I, LINES 4A-B

THE FOLLOWING INDIVIDUALS RECEVED A SEVERANCE PAYMENT OR CHANGE OF CONTROL PAYMENT FROM A RELATED ORGANIZATION THAT IS INCLUDED IN OTHER REPORTABLE COMPENSATION IN PART II AS FOLLOWS: MICHELLE DAHLKEMPER - SEVERANCE - $250,000 THE FOLLOWING INDIVIDUALS PARTICIPATED IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN SPONSORED BY A RELATED ORGANIZATION AND RECEIVED COMPENSATION THAT IS INCLUDED IN DEFERRED COMPENSATION IN PART II AS FOLLOWS: STEVEN GOLDSTEIN - SERP PLAN - $125,000 MARK PRUNOSKE - 457(F) PLAN - $34,881 THE FOLLOWING INDIVIDUALS PARTICIPATED IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN SPONSORED BY A RELATED ORGANIZATION AND RECEIVED COMPENSATION THAT IS INCLUDED IN OTHER REPORTABLE COMPENSATION IN PART II AS FOLLOWS: MARK PRUNOSKE - 457(F) PLAN - $27,500 THESE AMOUNTS REPRESENT EMPLOYEE DEFERRALS OF COMPENSATION, PLUS INVESTMENT EARNINGS, OVER SEVERAL YEARS THAT VESTED AND WERE PAID PURSUANT TO THE REQUIREMENTS OF THE PLAN. THE EMPLOYEE DEFERRALS WERE REPORTED AS DEFERRED COMPENSATION IN SCHEDULE J, PART II, COLUMN C IN PRIOR YEARS AND ARE ALSO REFLECTED IN SCHEDULE J, PART II, COLUMN (F).

Related partnerships

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

• EXCELL INNOVATE NY FUND LP

  INVESTMENT FUND · NY

• EXCELL MINORITY & WOMEN OWNED BUSINESS INVESTMENT FUND LP

  INVESTMENT FUND · NY

• EXCELL PARTNERS INNOVATIVE TC FUND LP

  INVESTMENT FUND · NY

• FINGER LAKES VENTURE FUND LP

  INVESTMENT FUND · NY

Related corporations and trusts

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

• MEDICAL ADMINISTRATIVE ASSOCIATES INC

  C · RETAIL PHARMACY · NY

• UR EQUITY HOLDINGS INC

  C · HOLDING COMPANY · DE

• FFTH PROPERTIES AND SERVICES INC

  C · HOLDING COMPANY · NY

• EXCELL TECHNOLOGY VENTURES INC

  C · BIOTECH INCUBATOR · NY

• ACCOUNTABLE HEALTH PARTNERS LLC

  C · ACCT CARE NETWORK · NY

• ACCOUNTABLE HEALTH PARTNERS - IPA LLC

  C · INDEP PRAC ASSOC · NY

• AHP INSURANCE COMPANY

  C · CAPTIVE INSURANCE CO · VT

• LUMINATE VENTURE CHALLENGE CORP

  C · BUSINESS INCUB · NY

• HORNELL MEDICAL VILLAGE LLC

  C · HOLD REAL ESTATE · NY

• ROCHESTER BIOVENTURE CENTER INC

  C · BIOTECH INCUB · NY

• SOLDIER VENTURES INC

  C · MEDICAL SUPPLY CO · NY