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Nonprofiteer
← CAYUGA MEDICAL CENTER AT ITHACA

Form 990 for tax year 2023

Filed by CAYUGA MEDICAL CENTER AT ITHACA.

Totals

Total revenue
$338,314,879
Total expenses
$365,157,511
Contributions and grants received
$12,868,713
Grants paid
$34,535,537
Program service revenue
$323,222,615
Investment income
$1,237,232
Other revenue
$986,319
Total assets, end of year
$380,755,220
Total liabilities, end of year
$206,587,828
Net assets or fund balances, end of year
$174,167,392
Program services expenses (Part IX)
$277,844,963
Management and general expenses
$87,312,548
Fundraising expenses
$0
Program service expenses (Part III)
$277,844,963

Program services were 76.1% 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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $12,851,794

  • 1f · All other contributions, gifts and grants

    $16,919

  • 1g · Noncash contributions included above

    $0

  • 2a · Program service revenue: Patient Revenue

    total $303,389,642 · related or exempt $303,389,642 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total $19,832,973 · related or exempt $19,832,973 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $1,868,951 · related or exempt $0 · unrelated business $313,545 · excluded $1,555,406

  • 4 · Income from investment of tax-exempt bond proceeds

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

  • 5 · Royalties

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

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $9,824,727 · other assets $13,967

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

    securities $10,456,446 · other assets $13,967

  • 7c · Gain or loss

    securities -$631,719 · other assets $0

  • 7d · Net gain or loss

    total -$631,719 · related or exempt $0 · unrelated business $0 · excluded -$631,719

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 11a · Other revenue: Cafeteria Meals

    total $1,519,781 · related or exempt $0 · unrelated business $0 · excluded $1,519,781

  • 11d · All other revenue

    total -$533,462 · related or exempt -$773,234 · unrelated business $239,772 · excluded $0

  • 11e · Other revenue, total

    $986,319

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $34,535,537 · program services $34,535,537

  • 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 $1,478,800 · program services $0 · management and general $1,478,800 · fundraising $0

  • 6 · Compensation of disqualified persons

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

  • 7 · Other salaries and wages

    total $121,558,802 · program services $84,714,418 · management and general $36,844,384 · fundraising $0

  • 8 · Pension plan contributions

    total $9,830,302 · program services $6,850,744 · management and general $2,979,558 · fundraising $0

  • 9 · Other employee benefits

    total $23,285,143 · program services $16,264,464 · management and general $7,020,679 · fundraising $0

  • 10 · Payroll taxes

    total $8,436,194 · program services $5,879,190 · management and general $2,557,004 · fundraising $0

  • 11a · Fees: management

    total $2,455,703 · program services $240,092 · management and general $2,215,611 · fundraising $0

  • 11b · Fees: legal

    total $1,523,742 · program services $563,785 · management and general $959,957 · fundraising $0

  • 11c · Fees: accounting

    total $192,179 · program services $0 · management and general $192,179 · fundraising $0

  • 11d · Fees: lobbying

    total $17,953 · program services $0 · management and general $17,953 · fundraising $0

  • 11e · Fees: professional fundraising services

    total $0 · fundraising $0

  • 11f · Fees: investment management

    total $73,000 · program services $0 · management and general $73,000 · fundraising $0

  • 11g · Fees: other

    total $31,081,734 · program services $19,320,521 · management and general $11,761,213 · fundraising $0

  • 12 · Advertising and promotion

    total $1,811,612 · program services $0 · management and general $1,811,612 · fundraising $0

  • 13 · Office expenses

    total $72,392,372 · program services $66,362,288 · management and general $6,030,084 · fundraising $0

  • 14 · Information technology

    total $5,156,712 · program services $4,326,635 · management and general $830,077 · fundraising $0

  • 15 · Royalties

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

  • 16 · Occupancy

    total $8,606,203 · program services $4,702,933 · management and general $3,903,270 · fundraising $0

  • 17 · Travel

    total $249,621 · program services $77,053 · management and general $172,568 · 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 $0 · program services $0 · management and general $0 · fundraising $0

  • 20 · Interest

    total $714,186 · program services $0 · management and general $714,186 · fundraising $0

  • 21 · Payments to affiliates

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

  • 22 · Depreciation, depletion and amortization

    total $12,053,773 · program services $6,586,887 · management and general $5,466,886 · fundraising $0

  • 23 · Insurance

    total $2,358,267 · program services $2,004,527 · management and general $353,740 · fundraising $0

  • 24a · Other expenses: License/Certificates/Permit Fees

    total $202,880 · program services $142,595 · management and general $60,285 · fundraising $0

  • 24b · Other expenses: Purchased Services

    total $27,142,796 · program services $25,273,294 · management and general $1,869,502 · fundraising $0

  • 24e · All other expenses

    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 $4,360 · end of year $4,360

  • 2 · Savings and temporary cash investments

    beginning of year $6,195,866 · end of year $5,912,166

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $33,575,285 · end of year $30,020,089

  • 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 $12,086,785 · end of year $11,774,996

  • 9 · Prepaid expenses and deferred charges

    beginning of year $15,957,691 · end of year $18,396,124

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

    $342,469,083

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

    $225,752,279

  • 10c · Land, buildings and equipment, net

    beginning of year $105,107,191 · end of year $116,716,804

  • 11 · Investments: publicly traded securities

    beginning of year $86,530,046 · end of year $86,639,188

  • 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 $1,529,995 · end of year $1,529,995

  • 15 · Other assets

    beginning of year $45,347,534 · end of year $109,761,498

  • 17 · Accounts payable and accrued expenses

    beginning of year $43,121,968 · end of year $62,125,747

  • 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 $19,472,532 · end of year $30,616,784

  • 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 $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $55,795,744 · end of year $113,845,297

  • 27 · Net assets without donor restrictions

    beginning of year $180,636,486 · end of year $167,715,103

  • 28 · Net assets with donor restrictions

    beginning of year $7,308,023 · end of year $6,452,289

Mission and programs · 2023

Mission

Cayuga Medical Center will remain the region's leading hospital, healthcare provider, and most trusted driver of integrated health services, together with valued partners. We empower our people and employ our capabilities to equitably improve the well-being of the communities we serve.

Activities or mission (Part I)

To deliver the highest quality healthcare in partnership with our community, one person at a time.

  • Patient Service - General inpatient and outpatient hospital care. Services are provided to those in need regardless of the patients' ability to pay, race, creed, national origin, life circumstances, or disease. Cayuga Medical Center works closely with the community to determine health needs and support the development of programs and services that improve the health status of the community.

    Expenses $277,844,963 · Revenue $321,821,077

As filed on the 2023 return.

Listed in Part VII

  • Deidre Blake

    Former CMC Med Staff President

    Total calculated
    $1,683,865
    From this org
    $0
    From related orgs
    $1,683,865
    Other
    $0
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $875,627 related
    Bonus
    $0 + $808,238 related
    Other
    $0
    Deferred
    $0 + $9,900 related
    Nontaxable benefits
    $0 + $31,939 related
    Filer's total
    $0 + $1,725,704 related

  • Martin Stallone

    President & CEO

    Total calculated
    $888,705
    From this org
    $872,692
    From related orgs
    $0
    Other
    $16,013
    Hours/week
    39 + 1 related

    Schedule J breakdown matched by us

    Base
    $796,276
    Bonus
    $70,577
    Other
    $5,839
    Deferred
    $6,600
    Nontaxable benefits
    $9,413
    Filer's total
    $888,705

  • Srisatish Devapatla

    Neonatologist

    Total calculated
    $516,089
    From this org
    $496,948
    From related orgs
    $0
    Other
    $19,141
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $476,848
    Bonus
    $500
    Other
    $19,600
    Deferred
    $6,600
    Nontaxable benefits
    $12,541
    Filer's total
    $516,089

  • Rebecca Gould

    CFO/VP of Finance

    Total calculated
    $475,376
    From this org
    $0
    From related orgs
    $418,607
    Other
    $56,769
    Hours/week
    35 + 5 related

    Schedule J breakdown matched by us

    Base
    $0 + $393,888 related
    Bonus
    $0 + $24,719 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $56,769 related
    Filer's total
    $0 + $475,376 related

  • Andreia De Lima Serra

    Vice President

    Total calculated
    $435,492
    From this org
    $419,906
    From related orgs
    $0
    Other
    $15,586
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $399,454
    Bonus
    $20,452
    Other
    $0
    Deferred
    $6,600
    Nontaxable benefits
    $8,986
    Filer's total
    $435,492

  • Ramesh Vidavalur

    Neonatologist

    Total calculated
    $431,682
    From this org
    $415,041
    From related orgs
    $0
    Other
    $16,641
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $402,941
    Bonus
    $500
    Other
    $11,600
    Deferred
    $6,600
    Nontaxable benefits
    $10,041
    Filer's total
    $431,682

  • Justin Runke

    Vice President

    Total calculated
    $425,616
    From this org
    $408,975
    From related orgs
    $0
    Other
    $16,641
    Hours/week
    39 + 1 related

    Schedule J breakdown matched by us

    Base
    $384,245
    Bonus
    $24,729
    Other
    $0
    Deferred
    $6,600
    Nontaxable benefits
    $10,041
    Filer's total
    $425,615

  • Michael Berlin

    Assistant Vice President

    Total calculated
    $423,466
    From this org
    $413,425
    From related orgs
    $0
    Other
    $10,041
    Hours/week
    39 + 1 related

    Schedule J breakdown matched by us

    Base
    $388,494
    Bonus
    $24,931
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $10,041
    Filer's total
    $423,466

  • Tracy Gates

    COO

    Total calculated
    $413,844
    From this org
    $404,815
    From related orgs
    $0
    Other
    $9,029
    Hours/week
    39 + 1 related

    Schedule J breakdown matched by us

    Base
    $373,614
    Bonus
    $23,529
    Other
    $7,240
    Deferred
    $6,600
    Nontaxable benefits
    $2,429
    Filer's total
    $413,412

  • Jeffrey Penoyer

    COO

    Total calculated
    $363,516
    From this org
    $227,491
    From related orgs
    $136,025
    Other
    $0
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $89,586 related
    Bonus
    $0 + $46,439 related
    Other
    $0
    Deferred
    $0 + $4,205 related
    Nontaxable benefits
    $0 + $14,741 related
    Filer's total
    $0 + $154,971 related

  • John-Paul Mead

    Director

    Total calculated
    $313,224
    From this org
    $0
    From related orgs
    $313,224
    Other
    $0
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $305,594 related
    Bonus
    $0 + $7,630 related
    Other
    $0
    Deferred
    $0 + $9,369 related
    Nontaxable benefits
    $0 + $21,837 related
    Filer's total
    $0 + $344,430 related

  • John Collett

    Former CFO/ VP of Finance

    Total calculated
    $209,869
    From this org
    $205,754
    From related orgs
    $0
    Other
    $4,115
    Hours/week
    39 + 1 related

  • Eunice Nayo

    Director

    Total calculated
    $48,300
    From this org
    $0
    From related orgs
    $23,300
    Other
    $25,000
    Hours/week
    1

  • Cris Donovan

    Director

    Total calculated
    $30,500
    From this org
    $0
    From related orgs
    $0
    Other
    $30,500
    Hours/week
    1

  • James Brown

    Director

    Total calculated
    $29,500
    From this org
    $0
    From related orgs
    $0
    Other
    $29,500
    Hours/week
    1

  • Thomas LiVigne

    Chair

    Total calculated
    $20,500
    From this org
    $0
    From related orgs
    $0
    Other
    $20,500
    Hours/week
    1

  • Yvette Conyers

    Director

    Total calculated
    $17,500
    From this org
    $0
    From related orgs
    $0
    Other
    $17,500
    Hours/week
    1

  • Paul J Streeter

    Director

    Total calculated
    $17,000
    From this org
    $0
    From related orgs
    $0
    Other
    $17,000
    Hours/week
    1

  • Paula Younger

    Vice Chair

    Total calculated
    $16,750
    From this org
    $0
    From related orgs
    $0
    Other
    $16,750
    Hours/week
    1

  • R Brooke Hollis

    Director

    Total calculated
    $16,750
    From this org
    $0
    From related orgs
    $0
    Other
    $16,750
    Hours/week
    1

  • Fred Wickham

    Director

    Total calculated
    $15,500
    From this org
    $0
    From related orgs
    $0
    Other
    $15,500
    Hours/week
    1

  • Kenneth Clarke

    Director

    Total calculated
    $15,250
    From this org
    $0
    From related orgs
    $0
    Other
    $15,250
    Hours/week
    1

  • Jennifer Whittaker

    Director

    Total calculated
    $14,250
    From this org
    $0
    From related orgs
    $0
    Other
    $14,250
    Hours/week
    1

  • Joel Malina

    Director

    Total calculated
    $12,000
    From this org
    $0
    From related orgs
    $0
    Other
    $12,000
    Hours/week
    1

  • Carl Sgrecci

    Director

    Total calculated
    $5,375
    From this org
    $0
    From related orgs
    $0
    Other
    $5,375
    Hours/week
    1

  • Greg Hartz

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Suzanne Blowers

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Laurie Mante

    Director

    Total calculated
    $0
    Hours/week
    1

  • La Jerne Terry Cornish

    Director

    Total calculated
    $0
    Hours/week
    1

  • Gary Koretzky

    Director

    Total calculated
    $0
    Hours/week
    1

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

  • 1a · Tax indemnification and gross-up payments
  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan
  • 6a · Pay contingent on this organization's net earnings
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 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 1a
All employees are eligible for a health club membership subsidy for which the medical center will reimburse employees 50% of the monthly single membership fee.
Schedule J, Part I, Line 4
CEO Dr. Martin Stallone participates in an economic regime collateral assignment split-dollar life insurance plan with CMC. The Medical Center makes annual fixed premium payments on the policy for the next 2 years.
Schedule J, Part I, Line 6
Bonuses to staff and leadership are dependent on the fiscal performance of the organization.
Schedule J, Part I, Line 7
All employees, including officers, were permitted to exchange a portion of the PTO for a cash payout.

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.

Related partnerships

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

  • CAYUGA MEDICAL OFFICE BUILDING ASSOCIATION

    Related · BUILDING MANAGEMENT · NY · 73% owned · general or managing partner

Related corporations and trusts

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

  • TOMPKINS OFFICE MANAGEMENT SYSTEM

    C · OFFICE MANAGEMENT · NY · 100% owned · controlled entity

    Directly controlled by CAYUGA MEDICAL CENTER AT ITHACA

  • ISLAND HEALTH & FITNESS

    C · FITNESS · NY · 70% owned

    Directly controlled by TOMPKINS OFFICE MANAGEMENT SYSTEM

Provenance

Return type
form_990
Tax year
2023
Filed
8 November 2024
IRS schema version
2023v5.0
Source object
202423139349302027

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