Nicholas H Noyes Memorial Hospital

Nonprofit profile at a glance

EIN
160743979
IRS 990 coverage
2010–2024
Forms available
Form 990 2024, Form 990-T 2021
Location
Dansville, NY, USA
Phone
5853356001
Rating
79
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Hospital, General

Official website

Reported finances

Revenue
$107,038,421
Expenses
$97,775,025
Assets
$97,119,980
Liabilities
$29,806,223

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

24 people listed

Executive titles in this filing

  • J CHAD TEETERS MD (PRESIDENT/CHIEF EXECUTIVE)
  • AHSEN SHEIKH MD (PRESIDENT, MEDICAL STAFF)
  • BRIAN FORESMAN MD (PRESIDENT, MEDICAL STAFF)

Highest reported compensation

  • STEVEN GOLDSTEIN (UR DIRECTOR): $1,591,441 total reported compensation
  • MARK TAUBMAN MD (UR DIRECTOR): $786,939 total reported compensation
  • J CHAD TEETERS MD (PRESIDENT/CHIEF EXECUTIVE): $760,287 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Nicholas h. Noyes memorial hospital supports and promotes the health of our communities through compassionate quality care.

What it reported doing in 2024

Nicholas h. Noyes memorial hospital is a 67 bed hospital which provides acute, sub-acute, emergency, and outpatient care.

Operating model

Revenue model
Earned-program. 93% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 79
  • Transparency & Controls: 79
  • Accountability: 82
  • Sustainability: 54
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 78.4%; rating input score 78
  • Program expense ratio: 86%; rating input score 86
  • Fundraising efficiency: $21.37 raised per $1 spent on fundraising; rating input score 59; 59th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Pass
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 68.8%; rating input score 69; 20th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 8.7%; rating input score 69; 69th percentile among comparable filings
  • Total-asset coverage ratio: 0.99; rating input score 39; 39th percentile among comparable filings
  • Liabilities to assets ratio: 0.31; rating input score 55; 55th percentile among comparable filings
  • Officer compensation ratio: 3.5%; rating input score 31; 31st percentile among comparable filings

Growth

  • Program expense growth: 7.2% per year; rating input score 100; 59th percentile among comparable filings
  • Revenue growth: 5.7% per year; rating input score 100; 49th percentile among comparable filings
  • Asset growth: 6.7% per year; rating input score 100; 49th percentile among comparable filings

Details

  • Where the money goes: 78.4% of revenue deployed · 86% of spending went to programs
  • Governance: 11 of 16 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $84.1M in reported program spending
  • Leadership: top reported pay $1.6M · 24 people listed · 3 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $8.9M reported
  • Consistency: 32 of 32 current checks pass
  • Schedules: 11 filed schedules · includes major donors and executive pay
  • Filing history: 15 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 7 filed money-flow records
  • Related organizations: 57 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Financial Efficiency: Fundraising efficiency scored 59/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 39/100.
  • Moderate — Sustainability: Officer compensation ratio scored 31/100.
  • Review — Sustainability: Liabilities to assets ratio scored 55/100.