Overview
What is The Frederick Ferris Thompson Hospital?
The Frederick Ferris Thompson Hospital, located at 350 Parrish Street, Canandaigua, New York 14424, is a community hospital committed to enhancing the health of the Finger Lakes region's residents. With a workforce of 1,952 employees, the hospital provides inpatient care for approximately 5,688 discharges and 26,274 days, as well as outpatient services such as lab visits, emergency room visits, diagnostic imaging, urgent care, primary care, rehabilitation, and surgical services. In 20XX, the hospital offered charity care worth approximately $2,000,000 and recorded a net community benefit of $2,064,242. The hospital's mission is to serve the healthcare needs of the community in partnership with regional providers, offering a comprehensive range of services to improve overall community health.
Official website here: www.thompsonhealth.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 87%, Three-Star out of Four Star rating.
The Frederick Ferris Thompson Hospital has received a solid Three-Star rating from Charity Navigator, indicating a strong performance in accountability and finance with a score of 87%. This rating reflects the organization’s commitment to transparency and responsible financial practices, as evidenced by their adherence to key policies such as conflict of interest and whistleblower protections.
The organization boasts a robust independent board, with 66% of its members being independent, and a comprehensive audit and oversight committee that further enhances its governance structure. Additionally, the hospital demonstrates a high program expense ratio, meaning that a significant portion of its funds is allocated to its primary mission-related activities.
However, one area for improvement is the liabilities to assets ratio, which stands at 61.72%. This ratio suggests that while the hospital is managing its expenses well, there may be some concerns regarding its overall financial health in relation to its assets. Overall, the hospital exemplifies a commitment to accountability, but stakeholders might pay attention to its financial leverage.
This AI summary has been generated from information found on Charity Navigator.
Is The Frederick Ferris Thompson Hospital legitimate?
The Frederick Ferris Thompson Hospital is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Frederick Ferris Thompson Hospital submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $1,822,701
Professional Fundraising Fees: $0
Other Salaries and Wages: $87,869,601
For more financial information, click here
Official website here: www.thompsonhealth.org
What is the mission statement of The Frederick Ferris Thompson Hospital?
The Frederick Ferris Thompson Hospital is committed to enhancing the health and wellbeing of the local population and their communities. Serving as a vital healthcare hub, the hospital collaborates with regional healthcare providers to offer a comprehensive range of healthcare services. Its mission is to deliver quality care and contribute to community health improvement. The hospital recorded 5,688 inpatient discharges and 26,274 inpatient days, while providing extensive outpatient services including lab visits, emergency department visits, diagnostic imaging, urgent care, primary care, rehabilitation, and surgical services. Charity care provided amounted to approximately $2 million, and the hospital's net community benefit reached $2,064,242.
Official website here: www.thompsonhealth.org
Who is the CEO of The Frederick Ferris Thompson Hospital?
Michael F Stapleton Jr is the President/Ceo of The Frederick Ferris Thompson Hospital. The CEO's salary of The Frederick Ferris Thompson Hospital is $0 and their total compensation is $1,042,142.
Official website here: www.thompsonhealth.org
What is the revenue of The Frederick Ferris Thompson Hospital?
The Frederick Ferris Thompson Hospital's revenue in 2022 was $190,510,319.
Official website here: www.thompsonhealth.org
Who are the executives of The Frederick Ferris Thompson Hospital and what are their salaries?
The average compensation at The Frederick Ferris Thompson Hospital during 2022 was $45,949. There are 1952 employees and 24 volunteers at The Frederick Ferris Thompson Hospital.
Here are 37 key members and their salaries (The Frederick Ferris Thompson Hospital's CEO's salary is $0 and their total compensation is $1,042,142):
- Compensation: $0
- Related: $3,306,548
- Other: $209,673
- Compensation: $0
- Related: $1,783,432
- Other: $176,973
- Compensation: $0
- Related: $916,820
- Other: $125,322
- Compensation: $0
- Related: $701,264
- Other: $107,783
- Compensation: $590,018
- Related: $0
- Other: $40,588
- Compensation: $598,063
- Related: $0
- Other: $26,453
- Compensation: $0
- Related: $509,180
- Other: $92,600
- Compensation: $473,481
- Related: $0
- Other: $46,489
- Compensation: $502,436
- Related: $0
- Other: $16,895
- Compensation: $0
- Related: $438,546
- Other: $80,243
- Compensation: $343,611
- Related: $85,903
- Other: $76,488
- Compensation: $445,001
- Related: $0
- Other: $40,353
- Compensation: $436,880
- Related: $0
- Other: $10,743
- Compensation: $0
- Related: $315,641
- Other: $59,269
- Compensation: $0
- Related: $285,895
- Other: $45,055
- Compensation: $252,312
- Related: $0
- Other: $50,968
- Compensation: $253,938
- Related: $0
- Other: $41,196
- Compensation: $251,554
- Related: $0
- Other: $29,961
- Compensation: $131,268
- Related: $58,759
- Other: $5,271
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- Other: $0
Official website here: www.thompsonhealth.org
Where can I find the form 990 for The Frederick Ferris Thompson Hospital?
The Frederick Ferris Thompson Hospital's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.thompsonhealth.org
Learn more at the official website: www.thompsonhealth.org
Mission Statement of The Frederick Ferris Thompson Hospital
The Frederick Ferris Thompson Hospital, a dedicated community hospital, is committed to enhancing the health and wellbeing of the residents and communities in its regions. As a vital partner in the healthcare network, FF Thompson Hospital strives to provide an extensive range of healthcare services, catering to the diverse needs of its population.
FF Thompson Hospital serves as the hub of a comprehensive healthcare system, offering inpatient care, outpatient visits, and various diagnostic and therapeutic services. Inpatient care comprises 5,688 discharges and 26,274 days of treatment, while outpatient care includes an impressive 601,226 lab visits, 32,107 emergency department visits, 95,033 diagnostic imaging visits, and more. The hospital's repertoire of services extends to urgent care, primary care, rehabilitation, and surgical services, catering to over 135,000 and 4,989 visits, respectively.
The hospital's mission extends beyond the walls of its facility, as it offers charity care to the tune of approximately $2,000,000 and delivers a net community benefit of $2,064,242. By providing essential healthcare services and contributing to the overall health and welfare of the community, FF Thompson Hospital embodies its commitment to serving the health care needs of the people in partnership with regional healthcare providers.
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Impact
October, 2024
The Frederick Ferris Thompson Hospital significantly enhances the health and well-being of residents in the Finger Lakes and surrounding regions by providing a comprehensive range of healthcare services. In 2023, it facilitated 5,688 inpatient discharges and managed 26,274 inpatient days, ensuring that patients receive necessary care within the hospital.
The hospital’s outpatient services are robust, with over 601,226 lab visits/tests and around 135,065 primary care visits, highlighting its role as a primary healthcare provider. Additional services include a busy emergency department with 32,107 visits, 95,033 diagnostic imaging procedures, and 36,644 urgent care visits, all crucial for community health.
With a commitment to community welfare, FF Thompson Hospital provided approximately $2 million in charity care, reflecting its dedication to serving all residents, regardless of their economic status. Furthermore, the hospital reported a net community benefit of over $2 million, indicative of its extensive outreach and impact on public health.
Overall, FF Thompson Hospital stands as a cornerstone of health services in the region, playing a vital role in improving community health through access to comprehensive, quality care and collaboration with regional healthcare providers.
This information is meant to be a general summary of The Frederick Ferris Thompson Hospital. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $25,214
- Program Service Revenue: $177,486,573
- Gross Receipts: $191,032,443
Assets and Liabilities:
- Total Assets: $192,979,765
- Total Liabilities: $119,114,711
- Net Assets: $73,865,054
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Patient Care Revenue
Revenue
$176,157,335
Lab Revenue
Revenue
$1,329,238
Organization Details
Founding Year
1904
Phone
(585) 396-6000Principal Officer
Michael F Stapleton Jr
Main Address
350 Parrish Street, Canandaigua, NY, 14424
Website
www.thompsonhealth.orgNTEE Category
Code: E220 - Health
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