Annual Meeting Held; Year-End Results Reported and Community Leaders Names to Foundation
Sturdy Memorial Foundation, Inc., the not-for-profit parent organization of Sturdy Memorial Hospital and Sturdy Memorial Associates, held its annual meeting last evening at the Hospital.
Four members of the community were elected to the Foundation – Edward Casey, Esq., Mark Logan, PhD, Patrick K. Sullivan, Esq., and Senator Richard Ross.
Members and guests attending the meeting were told that the Hospital had maintained its positive financial status for the 31st consecutive year. The bottom line attributable to the current year operations for the Foundation, including the Hospital and Associates for fiscal year 2016 was $7,710,908, which exceeded our expectations.Operating expenses for the year totaled $158,616,049 million, which included $5.1 million in uncompensated care for services provided to those who could not or would not pay.
In his third annual report as President and Chief Executive Officer, Dr. Bruce Auerbach highlighted noteworthy Hospital accomplishments from Fiscal Year 2016.
Recognizing that changes to the health care system are imminent, he acknowledged Sturdy’s long tradition of overcoming adversity and expressed confidence in the organization’s leadership and their ability to adapt to any new health care requirements that may ensue. He further expressed gratitude to the organization’s staff and supporters for their contributions to the fiscal year’s success, and conveyed great satisfaction at being able to provide area residents with excellent, high quality health care.