Saratoga Hospital

Legal name: Saratoga Regional Medical P C

Nonprofit profile at a glance

EIN
472468259
IRS 990 coverage
2016–2019
Official website data refreshed
Sep 2026
Forms available
Form 990 2019
Location
Saratoga Springs, NY, US
Phone
(518) 886-5600
Rating
66
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Community Health Systems

Official website

Reported finances

Revenue
$8,765,103
Expenses
$9,339,005
Assets
$8,508,389
Liabilities
$14,576,443

Source: IRS Form 990. Selected filing: tax year 2019. Amounts in USD.

Leadership & pay

2 people listed

Executive titles in this filing

  • Dr Richard Falivena (President)
  • Jeff Methven (Executive Director/Secretary)

Highest reported compensation

  • Dr Richard Falivena (President): $502,053 total reported compensation
  • Jeff Methven (Executive Director/Secretary): $382,468 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2019. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Working together to be the best at what we do.

What it reported doing in 2019

Saratoga Regional Medical, P.C. (SRM) is organized and operated for the purpose of promoting health by providing medical care to the community served by Saratoga Hospital. In June 2018, SRM began operating an urgent care site in Queensbury, NY. Adirondack Urgent Care (ADKUC) provides high-quality advanced diagnostic and treatment services through highly-trained, patient-centered medical professionals. ADKUC is open seven days a week from 9AM to 9PM and offers walk-in access to medical care for non-life threatening care needs. During 2019, ADKUC provided 10,606 patient care visits. In September 2018, SRM began providing obstetrics and gynecology services at two sites: Saratoga OB/GYN at Myrtle St. in Saratoga Springs, NY, and Saratoga OB/GYN at Malta in Malta, NY. Providers at these locations work collaboratively with patients on medical, surgical, and preventive care for female reproductive health. Saratoga OB/GYN providers saw nearly 30,000 patient visits for pregnancy and gynecological care during 2019. In June 2019, SRM began operating a Nephrology site in Glens Falls, NY. Saratoga Hospial Medical Group - Nephrology at Glens Falls offers its patients an outstanding team of board-certified physicians, employing the most advanced diagnostic techniques to identify, develop a treatment plan, and manage kidney disease. In 2019, providers at this location saw approximately 1,000 patient visits.

Operating model

Revenue model
Other-operating. 100% of the money available for current operations came from other operating 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 program spending has grown recently. A relatively small share of voting board members are independent and few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.

Rating breakdown

  • Financial Efficiency: 89
  • Transparency & Controls: 55
  • Accountability: 37
  • Sustainability: 29
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 100%; rating input score 100
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 91.7%; rating input score 92; 6th percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: No; rating input score 0

Accountability

  • Independent voting board: 0%; rating input score 0; 3rd percentile among comparable filings
  • Governance controls: 7 of 8 controls in place; rating input score 88
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -6.5%; rating input score 16; 16th percentile among comparable filings
  • Total-asset coverage ratio: 0.91; rating input score 38; 38th percentile among comparable filings
  • Liabilities to assets ratio: 1.71; rating input score 2; 2nd percentile among comparable filings
  • Officer compensation ratio: 0.7%; rating input score 83; 83rd percentile among comparable filings

Growth

  • Program expense growth: 55.7% per year; rating input score 100; 98th percentile among comparable filings
  • Revenue growth: 86.2% per year; rating input score 100; 99th percentile among comparable filings
  • Asset growth: 66.7% per year; rating input score 100; 99th percentile among comparable filings

Details

  • What they do: 2 operating locations identified
  • Where the money goes: 100% of revenue deployed · 100% of spending went to programs
  • Governance: 0 of 1 board members independent · 7 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $9.3M in reported program spending
  • Leadership: top reported pay $502K · 2 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 42 of 43 current checks pass · 1 finding to review
  • Schedules: 5 filed schedules · includes executive pay
  • Filing history: 4 filing years from 2016 to 2019
  • Contacts: How to reach this organization
  • Related organizations: 15 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.

Key Signals

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

  • High — Accountability: Independent voting board scored 0/100.
  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Transparency & Controls: Related-party transparency scored 0/100.
  • High — Sustainability: Operating margin scored 16/100.
  • Review — Accountability: Governance controls: CEO compensation review process not reported.
  • Moderate — Sustainability: Total-asset coverage ratio scored 38/100.
  • High — Sustainability: Liabilities to assets ratio scored 2/100.
  • Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.