Olean General Hospital
80% goes to programs $0 to raise $100
Olean General Hospital is a 501(c)(3) organization based in Olean, New York, registered in 1942, with $210,985,561 in FY2024 revenue. CharityIndex grades it B+, and it directs about 80% of spending to programs.
515 Main St, Olean, NY, 14760 EIN 16-0743102 Since 1942
Revenue (FY2024)
$211.0M
▲ 5.5% vs prior year
Health median: $840K
Expenses (FY2024)
$231.1M
Net assets
$57.8M
Employees
1,607
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B+
B+Program efficiency40% of the rating80% 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 Olean General Hospital: 80% to programs · $0 to raise $100 earns a B+ on this criterion. See the exact thresholds →
B+Financial health25% of the rating3 mo reserves · -10% 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 Olean General Hospital: 3 mo reserves · -10% margin earns a B+ 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 Olean General 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 Olean General Hospital: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
The mission of olean general hospital is to provide excellent care in response to the health care needs of the olean, ny and bradford, pa communities. in support of this mission, olean general hospital is committed to the following: - compassion: our sympathetic awareness of each person's needs- integrity: our dedication to honesty- innovation: our pursuit of creativity- respect: our commitment to treat everyone with dignity- community: our understanding that we exist to serve those among us- education: our belief that knowledge fosters excellence
Contact & location
- Address
- 515 Main St, Olean, NY, 14760
- City
- Olean
- State
- New York
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $109.7M (FY2013) to $211.0M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $96.6MNet assets $57.8M
Operating margin
-9.5%
Spent more than it raised in the latest fiscal year.
Total assets
$154.3M
Total liabilities
$96.6M
Net assets
$57.8M
Salaries & benefits
$108.8M
47% of expenses
Board members
15
13 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $210,985,561▲5.5% | $231,081,644▲9.8% | $57,773,248▼17.1% | $154,324,250▲7.1% | 990 |
| 2023 | $199,895,542▲14.2% | $210,475,779▲5.0% | $69,730,693▼4.4% | $144,118,100▼3.0% | 990 |
| 2022 | $175,027,214▼8.1% | $200,445,334▲6.1% | $72,956,861▼24.0% | $148,563,553▼25.5% | 990 |
| 2021 | $190,384,011▲7.9% | $188,989,471▲3.9% | $96,024,431▲10.5% | $199,325,482▼4.4% | 990 |
| 2020 | $176,405,569▼8.4% | $181,847,136▼4.4% | $86,876,795▲7.0% | $208,516,526▲8.7% | 990 |
| 2019 | $192,594,057▲2.2% | $190,274,846▼0.1% | $81,167,129▼4.3% | $191,808,369▲2.6% | 990 |
| 2018 | $188,432,135▲58.6% | $190,405,019▲54.8% | $84,837,907▼3.8% | $186,881,219▲30.9% | 990 |
| 2017 | $118,775,872▲0.1% | $122,997,366▲2.5% | $88,145,245▼1.5% | $142,805,806▲4.9% | 990 |
| 2016 | $118,624,555▲1.4% | $119,978,297▲3.0% | $89,524,137▼4.6% | $136,157,266▼2.3% | 990 |
| 2015 | $117,035,534▲0.2% | $116,484,182▲2.8% | $93,859,140▼7.6% | $139,291,362▼5.1% | 990 |
| 2014 | $116,854,923▲6.5% | $113,348,675▲4.9% | $101,633,972▼2.2% | $146,792,149▼0.3% | 990 |
| 2013 | $109,701,169 | $108,024,651▲2.7% | $103,897,614▲6.9% | $147,279,797▲1.8% | 990 |
| 2012 | — | $105,217,213▲5.0% | $97,193,105▲6.2% | $144,702,752▲2.5% | 990 |
| 2011 | — | $100,209,362▲4.2% | $91,483,889▲18.2% | $141,218,595▲9.6% | 990 |
| 2010 | — | $96,185,328 | $77,384,593 | $128,808,524 | 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 (FY2024)
Highest-paid: Steven Pancio — $1,159,860 (0.50% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Steven Pancio | Physician | 40 | $1,159,860 |
| Zafar Mirza Md | Director and Physician | 40 | $1,020,217 |
| Mohaned Al-humadi | Physician | 40 | $718,713 |
| Luis Gonzalez Md | Medical Staff President (until 4/24) | 40 | $710,989 |
| Vaijayantee Belle | Physician | 40 | $597,958 |
| Thomas Langan | Physician | 40 | $571,415 |
| Vladimir Sabayev | Physician | 40 | $497,234 |
| Scott Bonderoff | Coo | 40 | $372,485 |
| P Henri Lamothe | Vp - Medical Affairs (until 11/24) | 40 | $241,587 |
| Lesley Zurek | Vp - Human Res. | 40 | $187,905 |
| Jennifer Ruggles | Cno (until 9/24) | 40 | $147,015 |
| David Monroe | Chief Admin Officer (until 9/24) | 40 | $120,272 |
| Muhammed Javed Md | Board Chairman | 5.5 | $99,333 |
| Anil Pradhan Md | Director | 5.5 | — |
| Carolyn Newhouse | Director (as of 6/24) | 5.5 | — |
| Cheryl Klass | Interim President (as of 9/24) | 40 | — |
| Daniel Derose | Board Vice Chairman | 5.5 | — |
| David Ferguson | Board Treasurer (until 6/24) | 5.5 | — |
| David Prince | Director | 5.5 | — |
| Douglas Pisano Phd | Director | 5.5 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Jason Dana Dunleavy | Radiology & Diagnostic Services | $3,934,000 |
| Delphi Healthcare Pllc | Emergency Room Physician Fees | $3,644,881 |
| Great Lakes Medical Imaging | Radiology & Radiology Billing Svcs | $3,332,000 |
| Great Lakes Anesthesiology | Anesthesia Services | $3,154,893 |
| Prolink Healthcare LLC | Agency/travel Nurses | $2,537,172 |
Grants received · $165K total
4 grants to Olean General Hospital totaling $165K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| National Philanthropic Tr | Health | 2023 | $25,000 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2020 | $100,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2019 | $25,100 |
| Patient Access Network Foundation | Patient assistance | 2015 | $14,923 |
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Frequently asked questions
- Is Olean General Hospital a legitimate nonprofit?
- Yes. Olean General Hospital is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 16-0743102, based in Olean, New York. Donations are tax-deductible.
- What is Olean General Hospital's EIN?
- Olean General Hospital's Employer Identification Number (EIN) is 16-0743102.
- How much revenue does Olean General Hospital report?
- Olean General Hospital reported $210,985,561 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Olean General Hospital's spending goes to programs?
- Olean General Hospital spends about 80% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Olean General Hospital have?
- CharityIndex grades Olean General Hospital B+, based on program efficiency and fundraising cost.
- How much does Olean General Hospital's highest-paid employee make?
- The highest reported compensation on Olean General Hospital's latest Form 990 is $1,159,860, paid to Steven Pancio (Physician).
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Data for Olean General Hospital (EIN 16-0743102) 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.