MEMORIAL SLOAN-KETTERING CANCER CENTER

EIN: 131924236 501(c)(3) Health Care

NEW YORK, NY

Total Revenue
$1,670,357,000
Total Expenses
$1,507,732,713
Total Assets
$8,540,897,000
Net Assets
$4,415,111,000
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Phone
6462273092
Tax Period
2023-01-01 to 2023-12-31

MEMORIAL SLOAN-KETTERING CANCER CENTER is a large national nonprofit in the Health Care sector that reported $1.7B in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year. Expenses of $1.5B left a modest 10% surplus.

Mission

LEADERSHIP IN THE PREVENTION, TREATMENT, AND CURE OF CANCER THROUGH EXCELLENCE, VISION, AND COST EFFECTIVENESS IN PATIENT CARE, OUTREACH PROGRAMS, RESEARCH, AND EDUCATION.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $211,109,934
Program Service Revenue $1,273,993,000
Investment Income $215,146,000
Other Revenue $-29,891,934
TOTAL REVENUE $1,670,357,000

Expense Breakdown

Grants Paid $0
Salaries & Benefits $815,127,600
Fundraising Expenses $79,820,612
Program Expenses $1,367,193,967
Other Expenses $692,605,113
TOTAL EXPENSES $1,507,732,713

Year-over-Year Comparison

2023 2022 Change
Revenue $1,670,357,000 $1,846,045,000 -0.1%
Expenses $1,507,732,713 $1,477,862,000 +0.0%
Net Income $162,624,287 $368,183,000 -0.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Sign In

Governance

Voting Members
30
Independent Members
29
Employees
25365
Volunteers
370

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
16
$31,500,321
Total Directors
31
$5,787,159
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A BOARD MEMBER, PRESIDENT AND CHIEF EXECUTIVE 50.0
Officer Director
$5,489,537 $297,622 $5,787,159
N/A Board Member 2.0
Director
$0 $0 $0
N/A Board Member 2.0
Director
$0 $0 $0
N/A Board Member 2.0
Director
$0 $0 $0
N/A Board Member 2.0
Director
$0 $0 $0
N/A Board Member 2.0
Director
$0 $0 $0
N/A Board Member 2.0
Director
$0 $0 $0
N/A HONORARY CHAIR OF THE BOARD 5.0
Director
$0 $0 $0
N/A Board Member 2.0
Director
$0 $0 $0
N/A Board Member 2.0
Director
$0 $0 $0
N/A VICE CHAIR OF THE BOARD 5.0
Director
$0 $0 $0
N/A Board Member 2.0
Director
$0 $0 $0
N/A Board Member 2.0
Director
$0 $0 $0
N/A Board Member 2.0
Director
$0 $0 $0
N/A Board Member 2.0
Director
$0 $0 $0
N/A Board Member 2.0
Director
$0 $0 $0
N/A Board Member 2.0
Director
$0 $0 $0
N/A Board Member 2.0
Director
$0 $0 $0
N/A VICE CHAIR OF THE BOARD 5.0
Director
$0 $0 $0
N/A Board Member 2.0
Director
$0 $0 $0
N/A Board Member 2.0
Director
$0 $0 $0
N/A Board Member 2.0
Director
$0 $0 $0
N/A Board Member (UNTIL 10/23) 2.0
Director
$0 $0 $0
N/A Board Member 2.0
Director
$0 $0 $0
N/A CHAIR OF THE BOARD 5.0
Director
$0 $0 $0
N/A Board Member 2.0
Director
$0 $0 $0
N/A Board Member 2.0
Director
$0 $0 $0
N/A Board Member 2.0
Director
$0 $0 $0
N/A Board Member 2.0
Director
$0 $0 $0
N/A Board Member 2.0
Director
$0 $0 $0
N/A Board Member 2.0
Director
$0 $0 $0
N/A SVP OF FACILITIES MANAGEMENT & REAL ESTATE DEVELOPMENT (UNTIL 10/23) 50.0
Officer
$1,063,117 $30,628 $1,093,745
N/A EVP, CHIEF STRATEGY OFFICER (EFF 5/23) 50.0
Officer
$544,669 $35,845 $580,514
N/A VP, DEPUTY GENERAL COUNSEL & CORPORATE SECRETARY 50.0
Officer
$565,599 $65,538 $631,137
N/A SVP & CHIEF RISK OFFICER 50.0
Officer
$1,136,118 $46,654 $1,182,772
N/A EVP, CHIEF MARKETING & COMMUNICATION OFFICER 50.0
Officer
$985,689 $45,086 $1,030,775
N/A SVP & CHIEF INVESTMENT OFFICER 50.0
Officer
$3,498,969 $82,476 $3,581,445
N/A EVP & GENERAL COUNSEL 50.0
Officer
$1,508,282 $82,296 $1,590,578
N/A CHIEF OPERATING OFFICER (UNTIL 3/23) 50.0
Officer
$4,698,854 $63,637 $4,762,491
N/A SVP, CHIEF DEVELOPMENT OFFICER 50.0
Officer
$1,921,418 $70,484 $1,991,902
N/A SR VP/CHIEF HUMAN RESOURCES OFCR (UNTIL 3/23) 50.0
Officer
$1,702,273 $79,897 $1,782,170
N/A EVP, CHIEF ADMINISTRATIVE OFFICER (EFF 3/23) 50.0
Officer
$616,975 $57,205 $674,180
N/A VP, FINANCE (UNTIL 2/23) 50.0
Officer
$1,766,755 $15,004 $1,781,759
N/A EVP & CHIEF FINANCIAL OFFICER 50.0
Officer
$2,334,269 $64,501 $2,398,770
N/A EVP, CHIEF DIGITAL OFFICER 50.0
Officer
$1,589,476 $71,898 $1,661,374
N/A EVP, INTERIM CHIEF HUMAN RESOURCES OFFICER (EFF 3/23) 50.0
Officer
$898,519 $71,031 $969,550
N/A VP TECHNOLOGY DEVELOPMENT 50.0
Highest
$1,086,845 $78,944 $1,165,789
N/A DIRECTOR INVESTMENTS 50.0
Highest
$1,083,540 $81,171 $1,164,711
N/A DIRECTOR INVESTMENTS 50.0
Highest
$1,125,083 $70,416 $1,195,499
N/A Deputy Physician in Chief 50.0
Highest
$1,056,958 $56,179 $1,113,137
N/A SVP STRATEGIC PLANNING 50.0
Highest
$1,502,475 $19,243 $1,521,718
N/A FORMER PRESIDENT & CEO 0.0
$0 $70,070 $2,091,783
N/A Former Officer 0.0
$1,077,404 $0 $1,077,404
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 $1,670,357,000 $1,507,732,713 $8,540,897,000 $162,624,287
2022 $1,846,045,000 $1,477,862,000 $7,930,219,000 $368,183,000
2021 $1,551,421,000 $1,256,980,650 $8,128,780,000 $294,440,350
2020 $1,112,023,774 $1,131,479,774 $6,797,163,000 $-19,456,000
2019 $999,167,000 $992,584,000 $5,721,273,000 $6,583,000
2018 $1,067,745,000 $858,573,000 $5,241,684,000 $209,172,000
Explore More Nonprofits
Top 100 Nonprofits in New York Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare MEMORIAL SLOAN-KETTERING CANCER CENTER with other nonprofits in New York and across the country.