GREATER NEW YORK HOSPITAL ASSOCIATION INC

EIN: 131552496

NEW YORK, NY

Total Revenue
$15,546,109
Total Expenses
$13,780,288
Total Assets
$239,197,641
Net Assets
$238,376,127
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1904
Legal Domicile
NY
Principal Officer
KENNETH E RASKE
Phone
2122467100
Tax Period
2023-01-01 to 2023-12-31

GREATER NEW YORK HOSPITAL ASSOCIATION INC, founded in 1904, is a mid-sized nonprofit that reported $15.5M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $13.8M left a modest 11% surplus.

Mission

TO ACT AS THE PRINCIPAL ADVOCATE FOR ITS MEMBERS IN IMPROVING QUALITY AND EFFICIENCY OF HEALTH CARE.

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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 $0
Program Service Revenue $7,076,475
Investment Income $8,469,634
Other Revenue $0
TOTAL REVENUE $15,546,109

Expense Breakdown

Grants Paid $0
Salaries & Benefits $4,781,352
Fundraising Expenses $0
Other Expenses $8,998,936
TOTAL EXPENSES $13,780,288

Year-over-Year Comparison

2023 2022 Change
Revenue $15,546,109 $14,163,059 +0.1%
Expenses $13,780,288 $10,100,083 +0.4%
Net Income $1,765,821 $4,062,976 -0.6%
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

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Liquidity & Cash Position

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Governance

Voting Members
35
Independent Members
34
Employees
N/A
Volunteers
41

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
24
$12,566,653
Total Directors
42
$129,589
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHARLES RANGEL DIRECTOR 0.50
Director
$129,589 $0 $129,589
PHILIP OZUAH TREASURER (THRU 5/23); CHAIR 1.00
Officer Director
$0 $0 $0
COLLEEN M BLYE CHAIR, AUDIT & COMPLIANCE COMMITTEE 1.00
Officer Director
$0 $0 $0
PATRICK O'SHAUGHNESSY SECRETARY (THRU 5/23); VICE CHAIR 1.00
Officer Director
$0 $0 $0
MITCHELL KATZ VICE CHAIR HEALTH & HOSPITALS 1.00
Officer Director
$0 $0 $0
JEFFREY FARBER VICE CHAIR LONG TERM CARE 1.00
Officer Director
$0 $0 $0
KATHRYN MARTIN VICE CHAIR (THRU 5/23) 1.00
Officer Director
$0 $0 $0
DONALD BOYD ASST TREAS (THRU 5/23); TREASURER 1.00
Officer Director
$0 $0 $0
SELWYN M VICKERS SECRETARY (AS OF 6/23) 1.00
Officer Director
$0 $0 $0
RICHARD DAVIS ASSISTANT TREASURER (AS OF 6/23) 1.00
Officer Director
$0 $0 $0
DAVID PERLSTEIN ASSISTANT SECRETARY 1.00
Officer Director
$0 $0 $0
KENNETH GIBBS CHAIR (THRU 5/23); IMMED PAST CHAIR 1.00
Officer Director
$0 $0 $0
LARAY BROWN PAST CHAIR 1.00
Officer Director
$0 $0 $0
STEVEN J CORWIN PAST CHAIR 1.00
Officer Director
$0 $0 $0
LOUIS A SHAPIRO PAST CHAIR (THRU 5/23) 1.00
Officer Director
$0 $0 $0
ROBERT GROSSMAN PAST CHAIR 1.00
Officer Director
$0 $0 $0
GARY HORAN PAST CHAIR (THRU 5/23) 1.00
Officer Director
$0 $0 $0
KENNETH L DAVIS PAST CHAIR 1.00
Officer Director
$0 $0 $0
MICHAEL DOWLING PAST CHAIR 1.00
Officer Director
$0 $0 $0
KIMBERLY BOYNTON DIRECTOR (THRU 5/23) 1.00
Director
$0 $0 $0
BRIAN DONLEY DIRECTOR (AS OF 5/23) 0.50
Director
$0 $0 $0
JEFFREY FLAKS DIRECTOR 0.50
Director
$0 $0 $0
BRUCE FLANZ DIRECTOR 0.50
Director
$0 $0 $0
ROBERT C GARRETT DIRECTOR 0.50
Director
$0 $0 $0
ARTHUR GIANELLI DIRECTOR (THRU 5/23) 0.50
Director
$0 $0 $0
JOSEPH GRECO DIRECTOR 0.50
Director
$0 $0 $0
ALAN GUERCI DIRECTOR (AS OF 5/23) 0.50
Director
$0 $0 $0
ROBERT GUIMENTO DIRECTOR (THRU 5/23) 0.50
Director
$0 $0 $0
MICHAEL ISRAEL DIRECTOR (THRU 5/23) 0.50
Director
$0 $0 $0
BRYAN T KELLY DIRECTOR (AS OF 5/23) 0.50
Director
$0 $0 $0
SETH KRONENBERG DIRECTOR (AS OF 5/23) 0.50
Director
$0 $0 $0
SCOTT LARUE DIRECTOR 0.50
Director
$0 $0 $0
DENNIS MCKENNA DIRECTOR 0.50
Director
$0 $0 $0
DANIEL J MESSINA DIRECTOR 0.50
Director
$0 $0 $0
NEIL MOORE DIRECTOR 0.50
Director
$0 $0 $0
JOSEPH MOSCOLA DIRECTOR 0.50
Director
$0 $0 $0
JOHN MURPHY DIRECTOR 0.50
Director
$0 $0 $0
MARGARET A PASTUSZKO DIRECTOR (AS OF 5/23) 0.50
Director
$0 $0 $0
JOSH RATNER DIRECTOR (AS OF 5/23) 0.50
Director
$0 $0 $0
DANIEL REINGOLD DIRECTOR 0.50
Director
$0 $0 $0
PETER SEMCZUK DIRECTOR 0.50
Director
$0 $0 $0
KATHLEEN SILARD DIRECTOR 0.50
Director
$0 $0 $0
KENNETH E RASKE PRESIDENT 7.83
Officer
$0 $105,535 $3,181,990
LEE H PERLMAN EVP, CHIEF ADMIN/FINANCE OFFICER 8.00
Officer
$0 $73,824 $3,804,294
DAVID C RICH EVP GOVT AFFR, COMM, PUB POLICY 10.00
Officer
$0 $301,236 $1,935,528
ELISABETH WYNN EVP HEALTH ECONOMIC & FINANCE 10.33
Officer
$0 $217,368 $1,345,230
LAURA ALFREDO EVP LEGAL, REG & GEN CSL(AS OF 2/23) 7.50
Officer
$0 $132,406 $922,380
SUSAN C WALTMAN EVP LEGAL, REG & GEN CSL (THRU 1/23) 7.50
Officer
$0 $86,721 $1,377,231
JONATHAN COOPER SENIOR VP GOVT AFFAIRS 7.83
Highest
$0 $163,221 $673,873
KAREN S HELLER FRMR SNR ADVISOR (RETIRED 2021) 0.00
$0 $54,799 $879,507
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 $15,546,109 $13,780,288 $239,197,641 $1,765,821
2022 $14,163,059 $10,100,083 $212,836,134 $4,062,976
2021 $21,002,954 $12,290,597 $246,807,459 $8,712,357
2020 $33,784,094 $15,133,391 $228,192,432 $18,650,703
2019 $29,183,105 $12,035,643 $183,449,947 $17,147,462
2018 $38,593,512 $10,313,370 $150,018,190 $28,280,142
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