Montefiore Nyack Hospital Foundation Inc

EIN: 133245804 501(c)(3) Health Care

NYACK, NY

Total Revenue
$711,615
Total Expenses
$1,077,827
Total Assets
$3,120,391
Net Assets
$2,728,081
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1984
Legal Domicile
NY
Phone
8453482107
Tax Period
2024-01-01 to 2024-12-31

Montefiore Nyack Hospital Foundation Inc, founded in 1984, is a small nonprofit in the Health Care sector that reported $712K in total revenue in fiscal year 2024. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $1.1M exceeded revenue, resulting in a 51% operating deficit.

Mission

TO BUILD ENDURING COMMUNITY RELATIONSHIPS THAT PROMOTE AND FINANCIALLY SUPPORT MONTEFIORE NYACK'S COMPREHENSIVE STATE-OF-THE-ART MEDICAL CARE AND EXCEPTIONAL PROGRAMS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $769,935
Program Service Revenue $0
Investment Income $0
Other Revenue $-58,320
TOTAL REVENUE $711,615

Expense Breakdown

Grants Paid $500,000
Salaries & Benefits $406,776
Fundraising Expenses $564,637
Program Expenses $0
Other Expenses $171,051
TOTAL EXPENSES $1,077,827

Year-over-Year Comparison

2024 2023 Change
Revenue $711,615 $962,496 -0.3%
Expenses $1,077,827 $597,665 +0.8%
Net Income $-366,212 $364,831 -2.0%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
19
Independent Members
18
Employees
N/A
Volunteers
N/A

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
7
$2,353,030
Total Directors
25
$1,281,711
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CYNTHIA BRANCA SECRETARY 1.0
Officer Director
$0 $0 $0
FRANK BORELLI JR VICE CHAIR 1.0
Officer Director
$0 $0 $0
MARK GELLER MD PRESIDENT & CEO 1.0
Officer Director
$0 $46,141 $1,281,711
MARK JACOBS CHAIR EMERITUS (EFFECTIVE 1/16/2024) 1.0
Officer Director
$0 $0 $0
PAUL ADLER ESQ CHAIR (EFFECTIVE 1/16/2024) 1.0
Officer Director
$0 $0 $0
ALEX ZERVOULIAS TRUSTEE 1.0
Director
$0 $0 $0
BRIAN FOLEY TRUSTEE 1.0
Director
$0 $0 $0
BRIGITTE SIMON TRUSTEE 1.0
Director
$0 $0 $0
CATHY SHEA TRUSTEE 1.0
Director
$0 $0 $0
CHARLES MAIKISH TRUSTEE 1.0
Director
$0 $0 $0
CHRISTOPHER CONOVER TRUSTEE (RESIGNED 7/16/2024) 1.0
Director
$0 $0 $0
CLAUDETTE CLARKE TRUSTEE (EFFECTIVE 10/15/2024) 1.0
Director
$0 $0 $0
DOUGLAS KATZ TRUSTEE 1.0
Director
$0 $0 $0
GEORGE HODGES ESQ TRUSTEE (RESIGNED 10/15/2024) 1.0
Director
$0 $0 $0
JAMIL F RIZQALLA DO TRUSTEE 1.0
Director
$0 $0 $0
JILL PITTORE TRUSTEE 1.0
Director
$0 $0 $0
KATHERINE TORPEY TRUSTEE 1.0
Director
$0 $0 $0
KEVIN R FRANCIS CPA TRUSTEE 1.0
Director
$0 $0 $0
LISA BROOKS-GREAUX EDD TRUSTEE (RESIGNED 5/1/2024) 1.0
Director
$0 $0 $0
MICHAEL LEHNER TRUSTEE (RESIGNED 7/16/2024) 1.0
Director
$0 $0 $0
NATHANIEL SAMUELS TRUSTEE 1.0
Director
$0 $0 $0
STEPHEN KASAMIS TRUSTEE 1.0
Director
$0 $0 $0
STEPHEN PASSANANTE TRUSTEE 1.0
Director
$0 $0 $0
VANESSA REGGIARDO TRUSTEE (RESIGNED 7/16/2024) 1.0
Director
$0 $0 $0
VINCENT D ABBATECOLA TRUSTEE (RESIGNED 5/1/2024) 1.0
Director
$0 $0 $0
JOHN S BURKE TREASURER/CFO 1.0
Officer
$0 $65,231 $848,756
TRACIE D MCLEE EXEC DIRECTOR 50.0
Officer
$0 $33,334 $222,563
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 $711,615 $1,077,827 $3,120,391 $-366,212
2023 $962,496 $597,665 $3,379,470 $364,831
2022 $646,435 $1,100,668 $2,557,041 $-454,233
2021 $1,360,847 $564,467 $3,149,508 $796,380
2020 $847,402 $1,349,061 $2,060,829 $-501,659
2019 $775,271 $3,721,928 $2,596,274 $-2,946,657
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