LONG ISLAND JEWISH MEDICAL CENTER … - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1955

Legal Domicile

Principal Officer

MICHAEL J DOWLING

Phone

5163216058

Tax Period

2023-01-01 to 2023-12-31

LONG ISLAND JEWISH MEDICAL CENTER C/O NORTHWELL HEALTH INC, founded in 1955, is a large national nonprofit in the Health Care sector that reported $4.1B in total revenue in fiscal year 2023. Expenses of $4.0B left a modest 3% surplus.

Mission

LONG ISLAND JEWISH MEDICAL CENTER IS PART OF THE NORTHWELL HEALTH ("NORTHWELL"), WHICH STRIVES TO IMPROVE THE HEALTH OF THE COMMUNITIES IT SERVES AND IS COMMITTED TO PROVIDING THE HIGHEST QUALITY CLINICAL CARE; EDUCATING THE CURRENT AND FUTURE GENERATIONS OF HEALTHCARE PROFESSIONALS; SEARCHING FOR NEW ADVANCES IN MEDICINE THROUGH THE CONDUCT OF BIOMEDICAL RESEARCH; PROMOTING HEALTH EDUCATION; AND CARING FOR THE ENTIRE COMMUNITY REGARDLESS OF THE ABILITY TO PAY.

Program Service Accomplishments

Program 1

Expenses: $1,022,670,058 Revenue: $1,463,364,026

Long Island Jewish Medical Center ("LIJ"),is a tertiary adult care hospital. LIJ serves as a clinical campus for the Donald and Barbara Zucker School of Medicine at Hofstra/Northwell and it is a...

Long Island Jewish Medical Center ("LIJ"),is a tertiary adult care hospital. LIJ serves as a clinical campus for the Donald and Barbara Zucker School of Medicine at Hofstra/Northwell and it is a NYS-DOH designated Stroke Center. In 2023, LIJMC had 38,657 inpatient discharges, provided 92,040 Emergency Department visits and performed 13,713 ambulatory surgeries including endoscopies and cardiac catheterizations.

Program 2

Expenses: $563,712,627 Revenue: $669,552,421

Cohen Children's Medical Center ("CCMC"), is a pediatric hospital. CCMC provides primary, secondary, tertiary and quarternary care through a continuum of medical, surgical, psychiatric and dental...

Cohen Children's Medical Center ("CCMC"), is a pediatric hospital. CCMC provides primary, secondary, tertiary and quarternary care through a continuum of medical, surgical, psychiatric and dental programs and services, on an inpatient and ambulatory basis. The Regional Pediatric Trauma Center at CCMC is one of only three such centers in all of New York State that has received this designation. In 2023, CCMC had 12,785 inpatient discharges, delivered 6,685 babies, provided 67,611 Emergency Department visits and performed 3,626 ambulatory surgeries including endoscopies and cardiac catheterizations.

Program 3

Expenses: $702,707,174 Revenue: $731,373,343

Zucker Hillside Hospital is a premier behavioral health hospital. In 2023, Zucker had 3,284 inpatient discharges and treated 142,932 patients that visited the Health Center. LIJ Forest Hills and LIJ Valley Stream are community hospitals that provide a variety of inpatient services. In 2023, the hospitals had 23,551 inpatient discharges, delivered 1,944 babies, provided 95,873 emergency department visits and performed 8,766 ambulatory surgeries, including endoscopies and outpatient cardiac catheterizations.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $62,730,370

Program Service Revenue $3,923,452,444

Investment Income $33,755,323

Other Revenue $121,046,598

TOTAL REVENUE $4,140,984,735

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,502,543,523

Fundraising Expenses $3,354,009

Program Expenses $3,489,373,198

Other Expenses $1,513,442,110

TOTAL EXPENSES $4,015,985,633

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,140,984,735	$3,848,976,771	+0.1%
Expenses	$4,015,985,633	$3,763,233,576	+0.1%
Net Income	$124,999,102	$85,743,195	+0.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

19843

Volunteers

630

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

$28,923,285

Total Directors

$10,403,676

Key Employees

$986,821

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL DOWLING	President & CEO	0.0	Officer Director	$0	$70,612	$9,042,544
MARK SOLAZZO	Pres, Strategic Initiatives &	0.0	Officer	$0	$63,855	$3,710,066
NICHOLAS BASTIDAS MD	Reconstructive Surgeon	50.0	Highest	$3,461,459	$78,569	$3,540,028
LYLE LEIPZIGER MD	Chf, Plastic Surgery	50.0	Highest	$3,377,404	$64,679	$3,442,083
LEE SMITH MD	Chf, Div Ped Otolaryngology	50.0	Highest	$3,174,690	$78,507	$3,253,197
JAMES BRADLEY MD	Vice Chair, Plastic Surgery	50.0	Highest	$2,894,100	$63,251	$2,957,351
ANGELO REPPUCCI MD	Dir, Head & Neck Surgery	50.0	Highest	$2,844,821	$78,507	$2,923,328
DAVID BATTINELLI	EVP & Physician in Chief	0.0	Officer	$0	$78,569	$1,814,841
MICHELE CUSACK	EVP & CFO	0.0	Officer	$0	$78,507	$1,696,458
JOSEPH MOSCOLA	EVP, Enterprise Services	0.0	Officer	$0	$50,769	$1,651,192
JEFFREY KRAUT	EVP Strategy	0.0	Officer	$0	$64,879	$1,534,296
EUGENE TANGNEY	SVP & Chf Bus Continuity & Cri	0.0	Officer	$0	$78,507	$1,451,043
RICHARD MILLER	EVP & Chf Business Strategy Of	0.0	Officer	$0	$63,119	$1,401,009
LAURENCE KRAEMER	EVP, Gen Coun, CLO & Asst Sec	0.0	Officer	$0	$69,888	$1,372,753
DONNA DRUMMOND	SVP & Chf Expense Officer	0.0	Officer	$0	$63,119	$1,217,650
KONSTANTINE COSTALAS	SVP, Managed Care	0.0	Officer	$0	$78,507	$1,177,868
RALPH NAPPI	EVC	0.0	Officer Director	$0	$64,637	$1,036,826
MARK GLOADE	SVP, Dep Gen Coun, Dep CLO & A	0.0	Officer	$0	$78,507	$1,022,226
MICHAEL GITMAN	Executive Director LIJMC	50.0	Key Emp	$908,314	$78,507	$986,821
HARRY GINDI	Assistant Secretary	0.0	Officer	$0	$64,637	$470,207
MARK CLASTER	Vice Chairman	0.0	Officer Director	$0	$0	$324,306
MARGARET CROTTY	Chairman	0.0	Officer Director	$0	$0	$0
MICHAEL EPSTEIN	Immediate Past Chairman	0.0	Officer Director	$0	$0	$0
RICHARD GOLDSTEIN	Vice Chairman	0.0	Officer Director	$0	$0	$0
WILLIAM MACK	Vice Chairman	0.0	Officer Director	$0	$0	$0
BARRY RUBENSTEIN	Vice Chairman	0.0	Officer Director	$0	$0	$0
ROBERT ROSENTHAL	Treasurer	0.0	Officer Director	$0	$0	$0
DONALD ZUCKER	Secretary	0.0	Officer Director	$0	$0	$0
NON-COMPENSATED TRUSTEES	SEE SCHEDULE O	0.0	Director	$0	$0	$0

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	$4,140,984,735	$4,015,985,633	$3,840,510,383	$124,999,102
2022	$3,848,976,771	$3,763,233,576	$3,639,615,927	$85,743,195
2022	$3,848,976,771	$3,763,233,576	$3,639,615,927	$85,743,195
2021	$3,614,115,993	$3,423,868,441	$3,814,565,304	$190,247,552
2020	$3,426,435,416	$3,338,326,334	$3,572,170,536	$88,109,082
2019	$3,267,609,907	$3,115,264,356	$3,121,781,881	$152,345,551
2018	$3,133,753,503	$2,989,896,690	$2,923,072,088	$143,856,813

LONG ISLAND JEWISH MEDICAL CENTER C/O NORTHWELL HEALTH INC