NEWYORK-PRESBYTERIANQUEENS

EIN: 111839362 501(c)(3) Health Care

FLUSHING, NY

Total Revenue
$1,083,169,315
Total Expenses
$1,059,552,480
Total Assets
$860,713,694
Net Assets
$93,291,177
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Financial Trends

Organization Details

Formation Year
1957
Legal Domicile
NY
Phone
7186701475
Tax Period
2023-01-01 to 2023-12-31

NEWYORK-PRESBYTERIANQUEENS, founded in 1957, is a large national nonprofit in the Health Care sector that reported $1.1B in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

TO BE THE PREMIER HEALTHCARE INSTITUTION SERVING OUR GREATER COMMUNITY BY PROVIDING EXCELLENCE IN CLINICAL CARE AND PATIENT SAFETY, EDUCATION, CLINICAL RESEARCH, AND SERVICE.

Program Service Accomplishments

Program 1
Expenses: $872,492,130 Revenue: $1,025,833,528

NewYork-Presbyterian/Queens (NYP/Q), located in the Borough of Queens in New York City, is a 535-bed licensed, not-for-profit medical center. NYP/Q has received a determination letter from the...

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NewYork-Presbyterian/Queens (NYP/Q), located in the Borough of Queens in New York City, is a 535-bed licensed, not-for-profit medical center. NYP/Q has received a determination letter from the Internal Revenue Service that it is exempt from federal income taxes as an organization described in Section 501(c)(3) of the Internal Revenue Code. The Hospital is a voluntary, not-for-profit acute care community teaching hospital located in the Flushing section of Queens, New York. Presently, the Hospital provides medical and surgical services and has a certified bed capacity of 535. It was incorporated in 1974 as Booth Memorial Medical Center and changed its name to The New York Hospital Medical Center of Queens in 1992 in conjunction with its affiliation with The Society of the New York Hospital (now, The NewYork and Presbyterian Hospital). On July 1, 2015 NYP Community Programs, Inc. became the active parent of NewYork-Presbyterian/Queens and its subsidiaries. NYP Community Programs, Inc. (Community Programs) is the sole corporate member and active parent of Queens. The NewYork and Presbyterian Hospital (NYPH) is the sole member of Community Programs. NYPH is a major academic medical center that provides a full range of inpatient and outpatient services, mainly to residents of the New York metropolitan area. The Board of Trustees of NYPH consists of persons who have first been elected as members of NewYork-Presbyterian Foundation, Inc. (Foundation, Inc.). Community Programs, NYPH and Foundation, Inc. are each New York State not-for-profit corporations. Foundation, Inc. is related to a number of organizations. Services and Programs: The Hospital offers diagnostic and therapeutic services on an inpatient and outpatient basis in approximately 64 medical specialties and sub-specialties. NYP/Q has advanced capabilities in areas such as cardiac, general, and minimally invasive surgery. It receives tertiary inpatient referrals in the following service lines: cardiovascular diseases, orthopedics, digestive diseases, Neuroscience, Obstetrics & Gynecology, Cancer and Kidney diseases. It operates a Level III Neonatal Intensive Care Unit and a Level I Trauma Center (both designed to handle the most severe cases). The Hospital Center provides the following programs as Centers of Excellence: The Neuroscience Institute, Cancer Center, Breast Center, Eye Center, Pediatric Asthma Center, and Obesity Surgery. NYP/Q has been designated by the New York State Department of Health ("DOH") as an AIDS Designated Center. The Ambulatory Care division provides adult and pediatric primary/preventive care at 13 sites throughout Queens County. Cardiac Services: The Hospital offers a variety of cardiac services including diagnostic and interventional cardiology, cardiac surgery, congestive heart failure and rehabilitation centers and cardiac research, education and prevention programs. The Cardiac Catheterization Laboratory at NYP/Q is one of only two interventional cardiology programs in Queens County, New York. Now, physicians in the Electrophysiology Laboratory can implant new MRI-safe pacemakers for our patients and do atrial fibrillation ablation procedures. NYP/Q, in collaboration with The NewYork and Presbyterian Hospital and Weill Cornell Medicine, operates a cardiac surgery program at the NYP/Q campus. The Cardiac Health Center directs the Hospitals' education and prevention programs. Lectures and special events are regularly presented to the general public at the site and at community centers and health fairs throughout Queens County. The Cardiac Health Center provides primary and secondary cardiac rehabilitation programs, including nutrition services, monitored fitness exercise, and psycho-social counseling. Inpatient and outpatient surgical services: These operations ranged from minimally invasive surgical procedures such as laparoscopic cholecystectomy, robotic procedures and arthroscopic orthopedics to major open procedures such as aortic aneurysm repair and ablative and reconstructive surgery. NYP/Q's Department of Surgery has encouraged use of inpatient and outpatient minimally invasive surgery, which reduces hospital stays and recovery times. Primary care and community outreach: NYP/Q places particular emphasis on community health programs and outreach initiatives. The Hospital team reaches out to Queens's residents to support health education and awareness - offering free health fairs, health lectures, screening, support groups for patients and blood drives for employees. There is a community health advisory committee that is kept abreast of the latest offerings and clinical programs in the hospital. This commitment is expressed in its continued strategic expansion of community-based sites to enhance access throughout the Hospital's service area and includes: The Trude Weishaupt Memorial Satellite Dialysis Center is a CMS Five Star facility (the "Dialysis Center") The Dialysis Center provides hemodialysis, chronic ambulatory peritoneal dialysis, and patient and family education. NYP/Q's renal hypertension division also provides outpatient ambulatory consultative services including the diagnosis and prevention of kidney stones, hypertension treatment and evaluation, and the management of kidney diseases. there are approximately 1,736 physician, advanced practice providers and dentist members of the medical staff of the Hospital holding appointments in three categories: attending staff, emeritus staff and advanced practice providers. The medical and dental staff are organized into thirteen clinical departments: anesthesiology, cardiothoracic surgery, emergency medicine, medicine, obstetrics and gynecology, neurology, orthopedics and rehabilitation, pathology, pediatrics, radiation oncology, radiology, urology and surgery. The clinical departments include approximately 15 major services, subdivided further into 78 medical specialties and sub-specialties. The Hospital serves as tertiary care medical center that provides Graduate Medical Education for residency programs in Medicine, Surgery, Emergency medicine and Dental Medicine. Medical Center also offers fellowship training in Cardiology, GI, Pulmonary and Critical Care, Infectious disease, Palliative Care and Nephrology. In addition, the Hospital participates in training residents in obstetrics/gynecology, orthopedics, pediatrics, through rotating residencies affiliated with various facilities including NYPH (Cornell Medical Center), and The Hospital for Special Surgery. For The Year Ending December 31, 2023, NYP/Q reported the following statistics: Patient Discharges - 28,853; Deliveries - 2,305; Average Length of Stay - 5.57; Private Ambulatory Laboratory - 54,760; Private Ambulatory Radiology - 33,020; Cardiac Catheterizations - 42,527; Ambulatory Surgery/Endoscopy - 15,241; Dialysis Center - 30,809; Inpatient and ambulatory surgical - 17,768; Emergency Encounters (Incl. Admits) - 75,774; Ambulatory Care Visits - 131,782. The Hospital provides quality medical care regardless of race, creed, sex, sexual orientation, national origin, handicap, age, or ability to pay. Although reimbursement for services rendered is critical to the operations and stability of the Hospital, it is recognized that not all individuals possess the ability to pay for essential medical services and, furthermore, the Hospital's mission is to serve the community with respect to health care and health care education. Therefore, in keeping with the Hospital's commitment to serving members of the community, the Hospital provides the following: charity care to the indigent; care to persons covered by governmental programs at below cost, and health care activities and programs to support the community. These activities include wellness programs, community education programs, health screenings, and a broad variety of community support services.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,360,109
Program Service Revenue $904,218,766
Investment Income $22,735,193
Other Revenue $153,855,247
TOTAL REVENUE $1,083,169,315

Expense Breakdown

Grants Paid $98,981,531
Salaries & Benefits $503,840,502
Fundraising Expenses $236,642
Program Expenses $872,492,130
Other Expenses $456,730,447
TOTAL EXPENSES $1,059,552,480

Year-over-Year Comparison

2023 2022 Change
Revenue $1,083,169,315 $944,945,455 +0.1%
Expenses $1,059,552,480 $970,274,549 +0.1%
Net Income $23,616,835 $-25,329,094 -1.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
10
Independent Members
8
Employees
4482
Volunteers
422

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
8
$5,071,808
Total Directors
10
$2,127,286
Key Employees
4
$1,517,019
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A DIRECTOR/PRESIDENT 58.0
Officer Director
$0 $154,926 $1,493,730
N/A CHAIRMAN 10.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $79,670 $633,556
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A VP, CHIEF NURSING OFFICER 60.0
Officer
$0 $31,896 $623,649
N/A CHIEF MEDICAL OFFICER 60.0
Officer
$0 $63,075 $828,773
N/A SECRETARY 1.0
Officer
$0 $92,917 $669,131
N/A CHIEF NURSING OFFICER 60.0
Officer
$0 $64,855 $451,217
N/A ASS'T SECRETARY 1.0
Officer
$0 $38,594 $231,016
N/A TREASURER 35.0
Officer
$0 $17,583 $435,834
N/A ASS'T SECRETARY 1.0
Officer
$0 $64,158 $338,458
N/A VP OPERATIONS 60.0
Key Emp
$1,667 $44,692 $459,847
N/A VP OPERATIONS 60.0
Key Emp
$0 $53,328 $269,072
N/A VP PATIENT PROC. CNTR CAP MGMT 59.0
Key Emp
$1,667 $28,980 $267,898
N/A VP HUMAN RESOURCES 60.0
Key Emp
$0 $62,080 $520,202
N/A PD GYN INHOUSE 40.0
Highest
$501,586 $12,188 $513,774
N/A CHAIRMAN- RADIOLOGY 40.0
Highest
$336,400 $69,401 $405,801
N/A SR PA 40.0
Highest
$361,819 $31,578 $393,397
N/A CHAIRMAN - ORTHOPEDIC SURGERY 0.0
Highest
$1,086,939 $72,737 $1,159,676
N/A SR PA 40.0
Highest
$305,950 $64,198 $370,148
N/A FORMER KEY EMPLOYEE 39.0
$303,591 $41,499 $345,090
N/A FORMER OFFICER 0.0
$513,716 $34,865 $548,581
N/A FORMER OFFICER 57.0
$0 $57,139 $375,476
N/A FORMER KEY EMPLOYEE 0.0
$0 $62,841 $699,193
N/A FORMER KEY EMPLOYEE 0.0
$0 $50,701 $605,042
N/A FORMER OFFICER 0.0
$0 $241 $336,279
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $1,083,169,315 $1,059,552,480 $860,713,694 $23,616,835
2022 $944,945,455 $970,274,549 $931,365,247 $-25,329,094
2021 $913,594,490 $931,836,111 $898,800,022 $-18,241,621
2020 $912,836,873 $917,337,472 $905,206,530 $-4,500,599
2019 $841,266,953 $843,303,924 $712,392,894 $-2,036,971
2018 $799,433,461 $795,141,215 $606,162,446 $4,292,246
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