Putnam Hospital Center
91% goes to programs $0 to raise $100 Declining revenue
Putnam Hospital Center is a 501(c)(3) organization based in Carmel, New York, registered in 1962, with $119,242,366 in FY2023 revenue. CharityIndex grades it C+, and it directs about 91% of spending to programs.
670 Stoneleigh Ave, Carmel, NY, 10512 EIN 14-6019179 Since 1962
Revenue (FY2023)
$119.2M
▲ 9.6% vs prior year
Health median: $840K
Expenses (FY2023)
$160.2M
Net assets
$22.5M
Employees
812
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
★★★★
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →A+Program efficiency40% of the rating91% 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 Putnam Hospital Center: 91% to programs · $0 to raise $100 earns a A+ on this criterion. See the exact thresholds →
DFinancial health25% of the rating2 mo reserves · -34% 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 Putnam Hospital Center: 2 mo reserves · -34% margin earns a D on this criterion. See the exact thresholds →
AGovernance25% of the rating5 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 Putnam Hospital Center: 5 of 6 checks met earns a A 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 Putnam Hospital Center: 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
Inpatient psychiatric services: psychiatric patients admitted for treatment. number of patients 609; number of patient days 5,053.
Rental income from related organizations for space occupied for medical services.
Rebates and refunds:expenses: 329,765 revenue: 322,105quality incentive - cjr:expenses: 229,567 revenue: 224,235stoneleigh management contract:expenses: 210,952 revenue: 206,052med records, misc, purchase discount:expenses: 27,245 revenue: 26,612
Contact & location
- Address
- 670 Stoneleigh Ave, Carmel, NY, 10512
- City
- Carmel
- State
- New York
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue declined from $162.4M (FY2013) to $119.2M (FY2023) across 10 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $144.0MNet assets $22.5M
Operating margin
-34.3%
Spent more than it raised in the latest fiscal year.
Total assets
$166.5M
Total liabilities
$144.0M
Net assets
$22.5M
Salaries & benefits
$87.6M
55% of expenses
Board members
10
9 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $119,242,366▲9.6% | $160,154,533▲5.9% | $22,454,825▼58.4% | $166,491,419▲4.2% | 990 |
| 2022 | $108,757,484▼9.8% | $151,267,027▲3.3% | $53,965,761▼6.4% | $159,709,350▲2.1% | 990 |
| 2021 | $120,566,272▼14.6% | $146,504,882▼2.1% | $57,676,638▼38.6% | $156,427,547▼19.1% | 990 |
| 2020 | $141,202,593▼4.5% | $149,701,048▼4.2% | $93,993,923▲4.8% | $193,353,907▲6.0% | 990 |
| 2019 | $147,922,000▼8.9% | $156,308,111▲0.6% | $89,669,432▼25.0% | $182,378,405▼3.1% | 990 |
| 2018 | $162,367,963▼6.9% | $155,300,346▼4.3% | $119,563,465▲11.6% | $188,187,902▲2.3% | 990 |
| 2016 | $174,342,599▲6.1% | $162,300,787▲4.0% | $107,095,305▲11.3% | $184,004,955▲1.7% | 990 |
| 2015 | $164,356,444▼0.5% | $156,032,030▲2.5% | $96,231,222▲7.3% | $180,921,569▲2.6% | 990 |
| 2014 | $165,139,204▲1.7% | $152,196,112 | $89,650,271▼4.8% | $176,285,031▲3.9% | 990 |
| 2013 | $162,445,109 | $152,251,708▼2.1% | $94,212,441▲45.6% | $169,614,768▲7.7% | 990 |
| 2012 | — | $155,508,945▲1.7% | $64,728,284▲5.4% | $157,549,263▲3.7% | 990 |
| 2011 | — | $152,963,308▲2.9% | $61,398,140▲5.7% | $151,869,092▲7.4% | 990 |
| 2010 | — | $148,641,715 | $58,071,579 | $141,401,787 | 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: Mark K Hirko Md — $705,054 (0.44% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Mark K Hirko Md | President Phc | 45.5 | $705,054 |
| Anne A Gaya-ngowe Rn | Chief Nursing Officer | 40 | $306,488 |
| Keyur Ajbani | Vp Medical Affairs | 40 | $262,018 |
| Jason J Gong | Medical Physicist | 40 | $237,441 |
| Ronald E Stephens | Director of Patient Care Services | 40 | $236,285 |
| Joaquin Maxino | Registered Nurse | 40 | $229,111 |
| Wendy Lewis | Manager Patient Access | 0 | $61,660 |
| Barbara Tufano | Director (from 01/01) | 2 | — |
| Brian Wyatt | Secretary & Chief Legal Officer | 2 | — |
| Corrinne Divestea | Director | 2 | — |
| Daniel Debarba | Chief Financial Officer; Treasurer | 2 | — |
| Jean Ahn | Chief Strategy Officer | 5 | — |
| Jeffrey Kellogg | Director | 2 | — |
| Joseph A Demarzo | Vice Chair (to 12/31); Chair (from 01/01) | 3 | — |
| Joseph Roberto | Director | 2 | — |
| Justin Muenz | Director | 2 | — |
| Kathryn D Cullinan | Chief Human Resources Officer | 5 | — |
| Kenneth Kearney | Director | 2 | — |
| Loretta Molinari | Vice Chair (from 01/01) | 3 | — |
| Marjorie L Keith | Director | 2 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| North Shore Lij Anesthesiology | Anesthesia | $916,666 |
| Somers Orthopaedic Surgery | Medical Services | $312,000 |
| Medical Solutions LLC | Medical Services | $143,669 |
| Q Centri LLC | Abstraction | $129,493 |
| Family Cleaning LLC | Cleaning | $118,950 |
Grants received · $304K total
3 grants to Putnam Hospital Center totaling $304K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| The New York Community Trust | For general support. | 2024 | $52,120 |
| The New York Community Trust | For general support. | 2023 | $49,890 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2020 | $202,227 |
Grants made · $17K in FY2016
1 grant totaling $17K in FY2016. All grants made by Putnam Hospital Center →
| Recipient | Purpose | Amount |
|---|---|---|
| American Heart Association Inc | In support of cardiovascular research, health and wellness | $16,625 |
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Frequently asked questions
- Is Putnam Hospital Center a legitimate nonprofit?
- Yes. Putnam Hospital Center is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 14-6019179, based in Carmel, New York. Donations are tax-deductible.
- What is Putnam Hospital Center's EIN?
- Putnam Hospital Center's Employer Identification Number (EIN) is 14-6019179.
- How much revenue does Putnam Hospital Center report?
- Putnam Hospital Center reported $119,242,366 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Putnam Hospital Center's spending goes to programs?
- Putnam Hospital Center spends about 91% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Putnam Hospital Center have?
- CharityIndex grades Putnam Hospital Center C+, based on program efficiency and fundraising cost.
- How much does Putnam Hospital Center's highest-paid employee make?
- The highest reported compensation on Putnam Hospital Center's latest Form 990 is $705,054, paid to Mark K Hirko Md (President Phc).
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Data for Putnam Hospital Center (EIN 14-6019179) 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.