Hudson Valley Cardiovascular Practice PC
98% goes to programs Thin reserves Growing revenue
Hudson Valley Cardiovascular Practice PC is a 501(c)(3) organization based in Poughkeepsie, New York, registered in 2015, with $64,908,453 in FY2023 revenue. CharityIndex grades it C+, and it directs about 98% of spending to programs.
1 Columbia St Ste 200, Poughkeepsie, NY, 12601 EIN 46-3756713 Since 2015
Revenue (FY2023)
$64.9M
▲ 15.9% vs prior year
Health median: $840K
Expenses (FY2023)
$66.4M
Net assets
-$10.9M
Employees
237
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
C+Program efficiency40% of the rating98% to programs
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 Hudson Valley Cardiovascular Practice PC: 98% to programs earns a C+ on this criterion. See the exact thresholds →
DFinancial health25% of the rating0 mo reserves · -2% 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 Hudson Valley Cardiovascular Practice PC: 0 mo reserves · -2% margin earns a D on this criterion. See the exact thresholds →
BGovernance25% of the rating4 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 Hudson Valley Cardiovascular Practice PC: 4 of 6 checks met earns a B on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 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 Hudson Valley Cardiovascular Practice PC: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Improve the health of every person in our community through the efficient delivery of excellent, innovative and compassionate care.
What they do
Admin/subsidy revenue is subsidized income from related hospitals (vassar brothers medical center, northern dutchess hospital, putnam hospital and sharon hospital).
Affiliate revenue is recognized for physician oversight management fees from its supported organizations.
Expenses revenue physician stipend $205,498.31 $224,279.00research revenue 139,024.81 151,730.42quality incentive 13,138.46 14,339.20ekg reads 4,027.89 4,396.00medical records 789.96 862.15deposition fee 412.32 450.00purchase discount 130.03 141.91rebates & refunds 17.99 19.63
Contact & location
- Address
- 1 Columbia St Ste 200, Poughkeepsie, NY, 12601
- City
- Poughkeepsie
- State
- New York
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $25.8M (FY2016) to $64.9M (FY2023) across 7 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $94.4MNet assets -$10.9M
Operating margin
-2.3%
Spent more than it raised in the latest fiscal year.
Total assets
$83.4M
Total liabilities
$94.4M
Net assets
-$10.9M
Salaries & benefits
$59.3M
89% of expenses
Board members
1
0 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $64,908,453▲15.9% | $66,402,114▲9.1% | -$10,933,954▼15.8% | $83,420,996▲43.9% | 990 |
| 2022 | $55,992,836▲1.7% | $60,860,308▲14.3% | -$9,440,293▼106% | $57,956,633▲54.7% | 990 |
| 2021 | $55,077,693▲2.0% | $53,249,154▲4.5% | -$4,572,821▲28.6% | $37,454,411▼25.9% | 990 |
| 2020 | $54,008,950▲23.6% | $50,963,597▲13.2% | -$6,401,360▲29.9% | $50,537,643▲230% | 990 |
| 2019 | $43,703,701▲47.3% | $45,035,993▲7.5% | -$9,132,299▼17.1% | $15,329,648▲2.3% | 990 |
| 2018 | $29,664,750▲14.9% | $41,902,005▲11.1% | -$7,799,832 | $14,982,137▲47.3% | 990 |
| 2016 | $25,814,819 | $37,714,582 | -$7,799,838 | $10,171,135 | 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: Rajeev L Narayan Md — $1,187,667 (1.79% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Rajeev L Narayan Md | Physician Interventional | 40 | $1,187,667 |
| Anthony J Patrello Md | Physician Interventional | 40 | $1,178,565 |
| M Zubair Jafar Md | Physician Interventional | 40 | $1,166,791 |
| Ali Hammoud Md | Physician Clinical | 40 | $1,163,775 |
| Joseph W Christiana Md | Physician- Clinical | 40 | $1,144,832 |
| Daniel J O'dea Md | Former President | 40 | $512,281 |
| Christopher M Lehrach Md | Hvcp Pres/chief Physician Executive | 12 | — |
| Daniel Debarba | Chief Financial Officer; Treasurer | 2 | — |
| Denise George | Former Corporate Secretary | 0 | — |
| Kelly Stock | Vp Heart & Vascular Institute | 20 | — |
| Mark K Warshofsky Md | Svp & Sys. Chairman Heart & Vasc. Inst. | 20 | — |
Top vendors & contractors (FY2020)
| Contractor | Services | Paid |
|---|---|---|
| Allscripts Healthcare LLC | Billing System | $177,973 |
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Compare Hudson Valley Cardiovascular Practice PC
Frequently asked questions
- Is Hudson Valley Cardiovascular Practice PC a legitimate nonprofit?
- Yes. Hudson Valley Cardiovascular Practice PC is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 46-3756713, based in Poughkeepsie, New York. Donations are tax-deductible.
- What is Hudson Valley Cardiovascular Practice PC's EIN?
- Hudson Valley Cardiovascular Practice PC's Employer Identification Number (EIN) is 46-3756713.
- How much revenue does Hudson Valley Cardiovascular Practice PC report?
- Hudson Valley Cardiovascular Practice PC reported $64,908,453 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Hudson Valley Cardiovascular Practice PC's spending goes to programs?
- Hudson Valley Cardiovascular Practice PC spends about 98% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Hudson Valley Cardiovascular Practice PC have?
- CharityIndex grades Hudson Valley Cardiovascular Practice PC C+, based on program efficiency and fundraising cost.
- How much does Hudson Valley Cardiovascular Practice PC's highest-paid employee make?
- The highest reported compensation on Hudson Valley Cardiovascular Practice PC's latest Form 990 is $1,187,667, paid to Rajeev L Narayan Md (Physician Interventional).
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Explore more
Data for Hudson Valley Cardiovascular Practice PC (EIN 46-3756713) 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.