GREATER NEW YORK HOSPITAL ASSOCIAT… - 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

1904

Legal Domicile

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

GREATER NEW YORK HOSPITAL ASSOCIATION (GNYHA) IS A TRADE ASSOCIATION THAT ADVOCATES FOR ITS MEMBER HOSPITALS, HEALTH SYSTEMS, AND CONTINUING CARE FACILITIES. GNYHA'S ADVOCACY HELPS ITS MEMBERS DELIVER HIGH-QUALITY, COST-EFFECTIVE CARE. FOR MORE INFORMATION, SEE SCH O.GREATER NEW YORK HOSPITAL ASSOCIATION (GNYHA) IS A TRADE ASSOCIATION COMPRISING NEARLY 270 MEMBER HOSPITALS, HEALTH SYSTEMS, AND CONTINUING CARE FACILITIES IN THE METROPOLITAN NEW YORK AREA, THROUGHOUT NEW YORK STATE, AND IN NEW JERSEY, CONNECTICUT, AND RHODE ISLAND. GNYHA USES ITS POLICY EXPERTISE AND VAST ANALYTICAL TOOLS TO ADVOCATE FOR OUR MEMBERS. FROM FIGHTING FOR THEIR INTERESTS IN WASHINGTON AND ALBANY TO WORKING WITH THEM TO IMPROVE PATIENT CARE TO HELPING THEM PREPARE FOR AND RESPOND TO EMERGENCIES, GNYHA WORKS TO ENSURE THAT OUR MEMBERS HAVE THE TOOLS TO SUCCEED.

Program Service Accomplishments

Program 1

GREATER NEW YORK HOSPITAL ASSOCIATION (GNYHA) IS A TRADE ASSOCIATION COMPRISING NEARLY 270 MEMBER HOSPITALS, HEALTH SYSTEMS, AND CONTINUING CARE FACILITIES IN THE METROPOLITAN NEW YORK AREA...

GREATER NEW YORK HOSPITAL ASSOCIATION (GNYHA) IS A TRADE ASSOCIATION COMPRISING NEARLY 270 MEMBER HOSPITALS, HEALTH SYSTEMS, AND CONTINUING CARE FACILITIES IN THE METROPOLITAN NEW YORK AREA, THROUGHOUT NEW YORK STATE, AND IN NEW JERSEY, CONNECTICUT, AND RHODE ISLAND. GNYHA USES ITS POLICY EXPERTISE AND ANALYTICAL TOOLS TO DELIVERY ADVOCACY THAT HELPS ITS MEMBERS ACHIEVE THEIR CLINICAL, OPERATIONAL, AND FINANCIAL GOALS.

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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 $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

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

N/A

Volunteers

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

$12,566,653

Total Directors

$129,589

Key Employees

Highest Compensated

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

GREATER NEW YORK HOSPITAL ASSOCIATION INC