Soldiers & Sailors Memorial
82% goes to programs $3 to raise $100 Strong reserves Growing revenue
Soldiers & Sailors Memorial is a 501(c)(3) organization based in Penn Yan, New York, registered in 1942, with $61,074,669 in FY2024 revenue. CharityIndex grades it A, and it directs about 82% of spending to programs.
418 N Main Street, Penn Yan, NY, 14527 EIN 16-0743192 Since 1942
Revenue (FY2024)
$61.1M
▲ 11.3% vs prior year
Health median: $840K
Expenses (FY2024)
$52.1M
Net assets
$52.6M
Employees
440
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating82% to programs · $3 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 Soldiers & Sailors Memorial: 82% to programs · $3 to raise $100 earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating12 mo reserves · +15% 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 Soldiers & Sailors Memorial: 12 mo reserves · +15% 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 Soldiers & Sailors Memorial: 6 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 Soldiers & Sailors Memorial: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Soldiers and sailors memorial hospital is a community based, not-for-profit critical access hospital dedicated to maintaining and improving the health of all people in the central finger lakes region. we are committed to safe, high quality, compassionate services that are convenient, accessible and at reasonable cost, through the efforts of our employees, medical staff and volunteers. we are a center for health education that lives its leadership commitments through participation in and sponsorship of professional, allied health and community health education programs.
What they do
Patient service program: outpatient, a full range of diagnostic and treatment services are available at soldiers & sailors memorial hospital. we are dedicated to providing a comprehensive array of healthcare services to people in the finger lakes region.
Patient service program: long term care, soldiers & sailors memorial hospital operates a 130-bed skilled nursing facility and a 20-bed long-term behavioral intervention service.
Contact & location
- Address
- 418 N Main Street, Penn Yan, NY, 14527
- City
- Penn Yan
- State
- New York
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $29.8M (FY2013) to $61.1M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $11.3MNet assets $52.6M
Operating margin
14.8%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$63.9M
Total liabilities
$11.3M
Net assets
$52.6M
Salaries & benefits
$27.2M
52% of expenses
Board members
21
14 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $61,074,669▲11.3% | $52,057,510▲7.7% | $52,609,107▲10.0% | $63,919,198▲11.3% | 990 |
| 2023 | $54,864,747▲16.0% | $48,324,891▲11.1% | $47,844,762▲15.6% | $57,447,873▲11.6% | 990 |
| 2022 | $47,308,392▲23.2% | $43,491,379▲13.5% | $41,397,815▲1.3% | $51,468,744▼0.1% | 990 |
| 2021 | $38,410,105▲4.8% | $38,333,738▲30.9% | $40,871,850▲9.2% | $51,512,161▼11.6% | 990 |
| 2020 | $36,643,812▲18.8% | $29,293,356▼1.7% | $37,427,702▲19.8% | $58,295,882▲33.8% | 990 |
| 2019 | $30,845,340▼0.7% | $29,801,118▲3.6% | $31,232,951▲32.4% | $43,561,985▲5.1% | 990 |
| 2018 | $31,048,606▼6.2% | $28,769,439▼1.7% | $23,590,477▲7.0% | $41,457,914▲0.3% | 990 |
| 2017 | $33,117,256▲15.3% | $29,256,614▼2.1% | $22,042,406▲24.0% | $41,316,233▲2.4% | 990 |
| 2016 | $28,727,038▲1.5% | $29,892,233▲3.2% | $17,780,846▼2.6% | $40,341,801▼5.2% | 990 |
| 2015 | $28,315,458▼1.7% | $28,955,472▲3.1% | $18,263,381▼4.5% | $42,549,646▼2.8% | 990 |
| 2014 | $28,813,531▼3.4% | $28,090,727▼4.0% | $19,131,890▼3.2% | $43,771,967▼4.9% | 990 |
| 2013 | $29,818,022 | $29,271,432▼1.3% | $19,765,223▲16.4% | $46,025,924▲2.0% | 990 |
| 2012 | — | $29,667,330▼4.4% | $16,976,851▼0.8% | $45,118,728▲3.8% | 990 |
| 2011 | — | $31,043,794▼0.5% | $17,114,569▼15.8% | $43,447,790▼5.2% | 990 |
| 2010 | — | $31,198,846 | $20,320,723 | $45,826,852 | 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: Luke B Chen — $496,287 (0.95% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Luke B Chen | Physician | 40 | $496,287 |
| Phillip Wirth | Physician | 40 | $419,023 |
| Sixto R Medina | Physician | 40 | $380,037 |
| Grace Freier | Physician | 40 | $298,997 |
| Elizabeth R Osborn | Physician | 40 | $297,944 |
| Ann Mcmullen | Director | 1 | — |
| Chad M Hoffman-fragale | Vp Human Resources | 1 | — |
| Chevanne De Vaney | Director | 1 | — |
| Craig Collins Md | Director | 1 | — |
| Craig Densmore | Director | 1 | — |
| Frank Korich | Chief Operating Officer Until July 2024 | 8 | — |
| Gregory Hoffman-fragale | Vice President Nursing | 16 | — |
| James Adams | Vice Chair | 1 | — |
| James Cheney | Director | 1 | — |
| James Nardozzi | Secretary | 1 | — |
| Jose Acevedo Md | President & Ceo | 6 | — |
| Kylene Abraham | Director | 1 | — |
| Lance Ward | Direcor | 1 | — |
| Lara Turbide | Chief Operating Officer Effective July 2024 | 8 | — |
| Mark Taubman | Director | 1 | — |
Grants received · $380K total
3 grants to Soldiers & Sailors Memorial totaling $380K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Finger Lakes Performing Provider System Inc | Workforce development | 2024 | $52,697 |
| Finger Lakes Performing Provider System Inc | Workforce development | 2023 | $11,950 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2019 | $315,625 |
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Frequently asked questions
- Is Soldiers & Sailors Memorial a legitimate nonprofit?
- Yes. Soldiers & Sailors Memorial is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 16-0743192, based in Penn Yan, New York. Donations are tax-deductible.
- What is Soldiers & Sailors Memorial's EIN?
- Soldiers & Sailors Memorial's Employer Identification Number (EIN) is 16-0743192.
- How much revenue does Soldiers & Sailors Memorial report?
- Soldiers & Sailors Memorial reported $61,074,669 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Soldiers & Sailors Memorial's spending goes to programs?
- Soldiers & Sailors Memorial spends about 82% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Soldiers & Sailors Memorial have?
- CharityIndex grades Soldiers & Sailors Memorial A, based on program efficiency and fundraising cost.
- How much does Soldiers & Sailors Memorial's highest-paid employee make?
- The highest reported compensation on Soldiers & Sailors Memorial's latest Form 990 is $496,287, paid to Luke B Chen (Physician).
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Data for Soldiers & Sailors Memorial (EIN 16-0743192) 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.