In 10 years @CityofUtica’s healthcare system (even with $300M from NYS & LOTS of covid funding) has increased Total Liabilities from $270M to $585M! So much for saving $15-17M annually with a downtown hospital! #wynnhospital https://t.co/n2al40bPd7 pic.twitter.com/fD1pXVUYi4
— #NoHospitalDowntown (@NoHospitalDwtn) November 11, 2023
Also see Listing of 'current day' hospital headlines and our Utica's Hospital Timeline. In fall of 2019, MVHS sold bonds for New Downtown Hospital, thus taking-on interest and fee costs of $193,702,411 to borrow $262.7 million [Ref.]
Yearly and combined finabcial results (in millions of dollars) for SEMC, FSLH and MVHS...
Year | SEMC Revenue |
SEMC Excess |
FSLH Revenue |
FSLH Excess |
MVHS Revenue |
MVHS Excess |
Combined Revenue |
Combined Excess |
2010 | 206.5 | 1.02 | 280.9 | 10.5 | 0.355 | 497.9 | ||
2011 | 207.8 | 3.15 | 290.1 | 4.53 | 8.86 | 0.236 | 506.8 | 7.92 |
2012 | 204.4 | 3.40 | 300.5 | 12.3 | 8.70 | 0.384 | 513.6 | 16.08 |
2013 | 197.2 | 278.6 | 9.30 | 0.519 | 485.1 | |||
2014 | 208.3 | 282 | 1.99 | 10.5 | 0.628 | 500.8 | ||
2015 | 213.5 | 285.4 | 4.50 | 10.3 | 509.2 | 1.37 | ||
2016 | 224.2 | 1.42 | 291.5 | 0.958 | 13.6 | 0.302 | 530 | 2.68 |
2017 | 221.9 | 302.8 | 18.6 | 1.82 | 543.3 | 0.013 | ||
20181 | 213.7 | 302 | 42.6 | 0.20 | 558.3 | |||
20191, 2 | ? | ? | ? | ? | ? | ? | 279.6 | |
Notes: 12018 and 2019 figures taken from both 990 and MVHS's Oneida County Municipal Bond Offering. 2 2019 figures for the six month peroid ended June 30 (Unaudited), individual SEMC, FSLHC, and MVHS were not revealed; considerable finacial notes offered in bonding document. [Ref.] | ||||||||
2019 | 222.9 | 316.6 | 41.6 | 581.1 | ||||
2020 | 212.9 | 326.9 | 11.3 | 76.2 | 616 | |||
See 2021 MVHS Audit | ? | ? | ? | ? | ? | ? | ? |
View the 990's of Mohawk Valley Health System (EIN: 22-3124162). In 2013, Mohawk Valley Health System (MVHS) became a continuation of the "Mohawk Valley Network, Inc," per NYSDOH Project # 132204-E.
2010 - MVHS 2011 990*
Total Revenue: $10,544,571
Net Income: $35,574
*Figures from 2011 990.
2011 - MVHS 2011 990
Total Revenue: $8,855,571
Net Income: $23,591
2012 - MVHS 2012 990
Total Revenue: $8,700,896
Net Income: $384,244
2013 - MVHS 2013 990
Total Revenue: $9,299,844
Net Income: $519,453
[NOTE: March 6, 2014 - Read UticaOD story, FSLH and SEMC Officially Announced Their Affiliation As The Mohawk Valley Health System (MVHS)]
2014 - MVHS 2014 990
Total Revenue: $10,484,380
Net Income: $628,486
2015 - MVHS 2015 990
Total Revenue: $10,274,818
Net Income:
2016 - MVHS 2016 990
Total Revenue: $13,602,054
Net Income: $301,723
2017 - MVHS 2017 990
Total Revenue: $18,601,758
Net Income: $1,822,465
2018 - MVHS 2018 990
Total Revenue: $27,288,487
Net Income: $6,411,774
(Also see figures for 2018 in the MVHS Oneida County Muni Bond Document)
2019 - MVHS 2019 990
2020 - MVHS 2020 990
2021 - Until 990 arrives *, read the Mohawk Valley Health System 2021 Audit
*The Internal Revenue Service is substantially delayed in processing and releasing nonprofit filings, so documents available here may not be the most recent an organization has filed. ProPublica posts new tax forms as they are released by the IRS.
View the 990's of St. Elizabth Medical Center (EIN: 15-0532245).
2001 - SEMC 2001 990
Total Revenue: $114,256,255
Net Income:
2002 - SEMC 2002 990
Total Revenue: $121,607,703
Net Income:
2003 - SEMC 2003 990
Total Revenue: $
Net Income: $
2004 - SEMC 2004 990
Total Revenue: $139,328,572
Net Income: $648,621
2005 - SEMC 2005 990
Total Revenue: $168,347,733
Net Income: $3,949,871
2006 - SEMC 2006 990
Total Revenue: $174,797,257
Net Income: $959,186
2007 - SEMC 2007 990
Total Revenue: $182,430,434
Net Income: $3,379,133
2008 - SEMC 2008 990
Total Revenue: $190,225,261
Net Income: $2,938,300
2009 - SEMC 2009 990 SEMC 2010 990
Total Revenue: $205,942,450
Net Income: $6,714,680
2010 - SEMC 2010 990
Total Revenue: $206,509,564
Net Income: $1,018,008
2011 - SEMC 2011 990
Total Revenue: $207,819,040
Net Income: $3,149,521
2012 - SEMC 2012 990
Total Revenue: $204,404,700
Net Income: $3,404,183
2013 - SEMC 2013 990
Total Revenue: $197,187,565
Total Revenue:
2014 - SEMC 2014 990
Total Revenue: $208,349,171
Net Income:
2015 - SEMC 2015 990
Total Revenue: $213,519,379
Net Income:
2016 - SEMC 2016 990
Total Revenue: $224,239,013
Net Income: $1,419,927
2017 - SEMC 2017 990
Total Revenue: $221,958,072
Net Income:
2018 - SEMC 2018 990
Total Revenue: $228,035,389
Net Income: $2,211,735
2018 - SEMC 2018 (Per OC Bond Doc)
Total Revenue: $213,675,436
Net Income:
("Other income" resulted in a $1,555,170 excess). The IRS only offers their 2018 990-T where most numbers are missing, except a repayment request for $1.2M (backup withholding overpayment)- receipt date: June 5, 2019.
2019 - SEMC 2019 990
Total Revenue: $
Net Income: $
View the 990's of Faxton-St. Lukes Healthcare (EIN: 16-1576637).
2001 - FSLH 2001 990
Total Revenue: $165,154,692
Net Income:
2002 - FSLH 2002 990
Total Revenue: $180,034,487
Net Income: $498,817
2003 - FSLH 2003 990
Total Revenue: $189,344,751
Net Income: $1,633,465
2004 - FSLH 2004 990
Total Revenue: $197,521,054
Net Income: $166,334
2005 - FSLH 2005 990
Total Revenue: $208,332,532
Net Income: $3,800,258
2006 - FSLH 2006 990
Total Revenue: $222,068,486
Net Income: $3,572,358
2007 - FSLH 2007 990
Total Revenue: $237,352,189
Net Income: $7,779,778
2008 - FSLH 2008 990
Total Revenue: $257,142,987
Net Income: $4,245,577
2009 - FSLH 2009 990
Total Revenue: $302,011,404
Net Income: $33,057,872
(2009 Net reduced to $31,562,769 on their 2010 990)
2010 - FSLH 2010 990
Total Revenue: $280,927,669
Net Income:
2011 - FSLH 2011 990
Total Revenue: $290,094,480
Net Income: $4,533,072
2012 - FSLH 2012 990
Total Revenue: $300,548,052
Net Income: $12,340,740
2013 - FSLH 2013 990
Total Revenue: $278,592,654
Net Income:
2014 - FSLH 2014 990
Total Revenue: $281,824,483
Net Income: $1,990,935
2015 - FSLH 2015 990
Total Revenue: $285,360,905
Net Income: $4,502,355
2016 - FSLH 2016 990
Total Revenue: $291,527,230
Net Income: $958,420
2017 - FSLH 2017 990
Total Revenue: $302,766,033
Net Income:
2018 - FSLH 2018 990
Total Revenue: $314,962,914
Net Income: $4,419,652
2018 - FSLH 2018 (Per OC Bond Doc)
Total Revenue: $301,961,462
Net Income:
("Other income" resulted in a $4,419,653 excess)
2019 - FSLH 2019 990
Total Revenue: $
Net Income: $
July 28, 2013 - Scott Perra, President/CEO of Faxton-St. Luke's, stated: "The hospitals lost a combined $5.2 million last year. If one were to close, it would take with it jobs and services, some of them unique to that hospital."
July 23, 1992 - The Board of Trustees of St. Luke's-Memorial Hospital unanimously approved an affiliation with Faxton Hospital and the two hospitals formed the Mohawk Valley Network. In 1997, Faxton Hospital and St. Luke's-Memorial combined their governing boards into a common 25-member board to serve both hospitals. In 1998, the hospitals formed a single management and in 1999, the hospitals’ foundations combined. On January 1, 2000 the consolidation was completed by the creation of a single entity, Faxton St. Luke's Healthcare [Ref.].
MVHS figures include various affiliates; MVHS was created in March 2014, through the affiliation of SEMC and the former Mohawk Valley Network ("MVN"), which included the affiliates of FSLH, St. Luke's Home, Senior Network Health, and Visiting Nurses Association of Utica. [Ref.]
See a Listing of 'current day' hospital headlines and Utica's Hospital Timeline.
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