Corning Hospital
69% goes to programs $0 to raise $100 Strong reserves Growing revenue
Corning Hospital is a 501(c)(3) organization based in Corning, New York, registered in 1953, with $208,627,174 in FY2023 revenue. CharityIndex grades it A, and it directs about 69% of spending to programs.
1 Guthrie Dr, Corning, NY, 14830 EIN 16-0393490 Since 1953
Revenue (FY2023)
$208.6M
▲ 14.0% vs prior year
Health median: $840K
Expenses (FY2023)
$172.2M
Net assets
$296.5M
Employees
869
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
BProgram efficiency40% of the rating69% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Corning Hospital: 69% to programs · $0 to raise $100 earns a B on this criterion. See the exact thresholds →
AFinancial health25% of the rating21 mo reserves · +17% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Corning Hospital: 21 mo reserves · +17% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Corning Hospital: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Corning Hospital: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
The provision of charitable healthcare services to all individuals in a non-discriminatory manner regardless of race, color, creed, sex, national origin or ability to pay.
Contact & location
- Address
- 1 Guthrie Dr, Corning, NY, 14830
- City
- Corning
- State
- New York
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $96.3M (FY2013) to $208.6M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $329.8MNet assets $296.5M
Operating margin
17.5%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$626.3M
Total liabilities
$329.8M
Net assets
$296.5M
Salaries & benefits
$57.1M
33% of expenses
Board members
16
12 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $208,627,174▲14.0% | $172,162,320▲6.9% | $296,524,424▲18.4% | $626,333,922▲14.2% | 990 |
| 2022 | $183,072,068▲8.6% | $160,998,254▲17.1% | $250,340,240▲10.0% | $548,350,374▲57.8% | 990 |
| 2021 | $168,585,334▲11.0% | $137,429,450▲6.1% | $227,551,146▼2.3% | $347,389,591▲8.4% | 990 |
| 2020 | $151,850,128▲6.0% | $129,581,397▲5.8% | $232,912,179▲21.9% | $320,505,272▲18.0% | 990 |
| 2019 | $143,297,249▲4.8% | $122,439,417▲8.1% | $191,067,676▲3.8% | $271,602,341▲7.5% | 990 |
| 2018 | $136,689,081▲6.8% | $113,231,927▲7.1% | $184,086,051▲8.9% | $252,720,594▲4.6% | 990 |
| 2017 | $128,031,446▲12.9% | $105,687,052▲1.3% | $168,971,695▲10.9% | $241,721,956▲4.8% | 990 |
| 2016 | $113,395,780▲10.9% | $104,287,178▲9.5% | $152,342,387▲15.9% | $230,715,605▲2.4% | 990 |
| 2015 | $102,226,817▲10.4% | $95,247,409▲14.6% | $131,424,355▲2.5% | $225,371,410▼0.5% | 990 |
| 2014 | $92,631,081▼3.8% | $83,128,112▲14.7% | $128,250,616▲0.9% | $226,495,537▲5.1% | 990 |
| 2013 | $96,334,534 | $72,479,853▼3.3% | $127,113,414▲25.8% | $215,528,310▲34.6% | 990 |
| 2012 | — | $74,917,232▲3.3% | $101,023,950▲35.8% | $160,141,982▲21.0% | 990 |
| 2011 | — | $72,548,681▲7.6% | $74,384,003▲5.3% | $132,327,686▲17.1% | 990 |
| 2010 | — | $67,436,355 | $70,642,404 | $113,005,196 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Felissa B Koernig Jd — $316,625 (0.18% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Felissa B Koernig Jd | Dir - Pres/ceo (term 9/23) | 55 | $316,625 |
| Colin Bailey | Radiation Physicist | 55 | $226,491 |
| Cynthia Whitaker | Vp, Chief Nursing Officer | 55 | $213,685 |
| Mark Edwin Hopson | Respiratory Therapy Tech | 55 | $200,395 |
| Sandra Caesar | Respiratory Therapy Tech | 55 | $181,029 |
| Heather Ernest-drake | Outpatient Pharmacy Manager | 55 | $180,672 |
| Kelly Miller | Registered Nurse | 55 | $165,343 |
| Gordon Evans | Vp, Operations (term 4/23) | 55 | $162,078 |
| Arthur D Field | Director | 1 | — |
| Cathy Weil | Secretary - Director | 1 | — |
| Dana Moss | Director | 1 | — |
| Dawn Burlew | 1st Vice Chair - Director | 1 | — |
| Edmund Sabanegh Md | Director - President/ceo Tgc | 55 | — |
| Elizabeth Linkenheil Md | Director - Med Staff Pres | 55 | — |
| Francis M Macafee | Former Officer | 55 | — |
| Garret Callahan | Director | 1 | — |
| Gregory Horr | Sr. Director/cfo | 55 | — |
| Jack E Benjamin | Director | 1 | — |
| James Johnson | Treasurer - Director | 1 | — |
| Jeffrey P Kenefick | Chairman - Director | 1 | — |
Top vendors & contractors (FY2018)
| Contractor | Services | Paid |
|---|---|---|
| Lechase Construction Services LLC | Construction | $1,276,908 |
| Cross Country Staffing | Temp Staffing | $1,138,934 |
| Amn Healthcare Inc | Tempoary Staffing | $1,049,134 |
| Pons Physician Services Pllc | Wound Care Staff | $560,522 |
| Quest Diagnostics | Lab Pathology | $342,616 |
Grants received · $51K total
6 grants to Corning Hospital totaling $51K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2022 | $6,100 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2020 | $6,500 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2019 | $6,500 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2018 | $7,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2016 | $12,000 |
| Patient Access Network Foundation | Patient assistance | 2015 | $12,970 |
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Compare Corning Hospital
Frequently asked questions
- Is Corning Hospital a legitimate nonprofit?
- Yes. Corning Hospital is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 16-0393490, based in Corning, New York. Donations are tax-deductible.
- What is Corning Hospital's EIN?
- Corning Hospital's Employer Identification Number (EIN) is 16-0393490.
- How much revenue does Corning Hospital report?
- Corning Hospital reported $208,627,174 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Corning Hospital's spending goes to programs?
- Corning Hospital spends about 69% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Corning Hospital have?
- CharityIndex grades Corning Hospital A, based on program efficiency and fundraising cost.
- How much does Corning Hospital's highest-paid employee make?
- The highest reported compensation on Corning Hospital's latest Form 990 is $316,625, paid to Felissa B Koernig Jd (Dir - Pres/ceo (term 9/23)).
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Data for Corning Hospital (EIN 16-0393490) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.