The New York and Presbyterian Hospital

EIN: 133957095 501(c)(3) Health Care

NEW YORK, NY

Total Revenue
$10,254,512,111
Total Expenses
$9,755,790,336
Total Assets
$20,094,954,661
Net Assets
$12,116,861,812
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
NY
Phone
2122974255
Tax Period
2023-01-01 to 2023-12-31

The New York and Presbyterian Hospital, founded in 1998, is a large national nonprofit in the Health Care sector that reported $10.3B in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $9.8B left a modest 5% surplus.

Mission

TO BE A LEADER IN THE PROVISION OF WORLD CLASS PATIENT CARE, TEACHING, RESEARCH, AND SERVICE TO LOCAL, STATE, NATIONAL, AND INTERNATIONAL COMMUNITIES. NEWYORK-PRESBYTERIAN HOSPITAL IS ONE OF THE NATION'S MOST COMPREHENSIVE, INTEGRATED ACADEMIC HEALTH CARE DELIVERY SYSTEMS, DEDICATED TO PROVIDING THE HIGHEST QUALITY, MOST COMPASSIONATE CARE AND SERVICE TO PATIENTS IN THE NEW YORK METROPOLITAN AREA, NATIONALLY, AND THROUGHOUT THE GLOBE. IN COLLABORATION WITH TWO RENOWNED MEDICAL SCHOOLS, WEILL CORNELL MEDICINE AND COLUMBIA UNIVERSITY COLLEGE OF PHYSICIANS AND SURGEONS, NEWYORK PRESBYTERIAN HOSPITAL IS CONSISTENTLY RECOGNIZED AS A LEADER IN MEDICAL EDUCATION, GROUNDBREAKING RESEARCH, AND INNOVATIVE, PATIENT-CENTERED CLINICAL CARE.

Program Service Accomplishments

Program 1
Expenses: $8,145,487,302 Revenue: $9,450,890,475

THE NEW YORK AND PRESBYTERIAN HOSPITAL PROVIDES QUALITY MEDICAL CARE REGARDLESS OF RACE, CREED, SEX, SEXUAL ORIENTATION, NATIONAL ORIGIN, HANDICAP, AGE, OR ABILITY TO PAY. ALTHOUGH REIMBURSEMENT FOR...

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THE NEW YORK AND PRESBYTERIAN HOSPITAL PROVIDES QUALITY MEDICAL CARE REGARDLESS OF RACE, CREED, SEX, SEXUAL ORIENTATION, NATIONAL ORIGIN, HANDICAP, AGE, OR ABILITY TO PAY. ALTHOUGH REIMBURSEMENT FOR SERVICES RENDERED IS CRITICAL TO THE OPERATIONS AND STABILITY OF THE HOSPITAL, THE HOSPITAL RECOGNIZES THAT NOT ALL INDIVIDUALS POSSESS THE ABILITY TO PAY FOR ESSENTIAL MEDICAL SERVICES AND, FURTHERMORE, THE HOSPITAL'S MISSION IS TO SERVE THE COMMUNITY WITH RESPECT TO HEALTH CARE. THEREFORE, IN KEEPING WITH THE HOSPITAL'S COMMITMENT TO SERVE ALL MEMBERS OF THE COMMUNITY, THE HOSPITAL PROVIDES THE FOLLOWING: FREE AND REDUCED PRICE MEDICAL CARE (FINANCIAL ASSISTANCE/CHARITY CARE) TO THE INDIGENT; CARE TO PERSONS COVERED BY GOVERNMENTAL PROGRAMS AT BELOW-COST; SUBSIDIZED HEALTH SERVICES; AND HEALTH CARE ACTIVITIES, MEDICAL EDUCATION AND PROGRAMS TO SUPPORT THE COMMUNITY. COMMUNITY BENEFIT ACTIVITIES INCLUDE WELLNESS PROGRAMS, COMMUNITY EDUCATION PROGRAMS, HEALTH SCREENINGS, AND A BROAD VARIETY OF COMMUNITY SUPPORT SERVICES, HEALTH PROFESSIONAL EDUCATION, AND SUBSIDIZED HEALTH SERVICES. THE HOSPITAL HAD 163,017 DISCHARGES AND PROVIDED 1,236,116 OUTPATIENT VISITS (CLINIC - 709,291 EMERGENCY ROOM - 390,059) PLUS 136,766 AMBULATORY SURGERY PROCEDURES.

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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 $381,323,851
Program Service Revenue $9,450,328,861
Investment Income $300,773,471
Other Revenue $122,085,928
TOTAL REVENUE $10,254,512,111

Expense Breakdown

Grants Paid $150,423,669
Salaries & Benefits $5,415,145,094
Fundraising Expenses $0
Program Expenses $8,145,487,302
Other Expenses $4,190,221,573
TOTAL EXPENSES $9,755,790,336

Year-over-Year Comparison

2023 2022 Change
Revenue $10,254,512,111 $8,916,664,958 +0.2%
Expenses $9,755,790,336 $8,545,743,761 +0.1%
Net Income $498,721,775 $370,921,197 +0.3%
Key Indicators
✓ Grants to Organizations ✓ Grants to Individuals ✓ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Governance

Voting Members
91
Independent Members
86
Employees
35781
Volunteers
1887

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
9
$32,387,469
Total Directors
102
$16,674,152
Key Employees
20
$33,511,077
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A PRESIDENT & CEO/TRUSTEE 39.7
Officer Director
$9,277,693 $5,273,091 $14,550,784
N/A TRUSTEE 1.0
Director
$0 $0 $0
N/A TRUSTEE 1.0
Director
$0 $0 $0
N/A VICE CHAIRMAN 1.0
Director
$0 $0 $0
N/A TRUSTEE (THRU 7/2023) 1.0
Director
$0 $0 $0
N/A TRUSTEE 5.0
Director
$0 $0 $0
N/A TRUSTEE 1.0
Director
$0 $0 $0
N/A TRUSTEE 1.0
Director
$0 $0 $0
N/A TRUSTEE 1.0
Director
$0 $0 $0
N/A TRUSTEE 1.0
Director
$0 $0 $0
N/A VICE CHAIRMAN 1.0
Director
$0 $0 $0
N/A TRUSTEE 1.0
Director
$0 $0 $0
N/A TRUSTEE 1.0
Director
$0 $0 $0
N/A TRUSTEE 1.0
Director
$0 $0 $0
N/A TRUSTEE 2.0
Director
$0 $0 $0
N/A TRUSTEE 1.0
Director
$0 $0 $0
N/A VICE CHAIRMAN 4.0
Director
$0 $0 $0
N/A VICE CHAIRMAN-EMERITUS (THRU 7/2023) 4.0
Director
$0 $0 $0
N/A TRUSTEE 1.0
Director
$0 $0 $0
N/A TRUSTEE 1.0
Director
$0 $0 $0
N/A TRUSTEE 1.0
Director
$0 $0 $0
N/A TRUSTEE 1.0
Director
$0 $0 $0
N/A TRUSTEE 1.0
Director
$0 $0 $0
N/A TRUSTEE 1.0
Director
$0 $0 $0
N/A TRUSTEE 1.0
Director
$0 $0 $0
N/A TRUSTEE 2.0
Director
$0 $0 $0
N/A TRUSTEE 1.0
Director
$0 $0 $0
N/A TRUSTEE 2.0
Director
$0 $0 $0
N/A TRUSTEE 2.0
Director
$0 $0 $0
N/A TRUSTEE (THRU 7/2023) 1.0
Director
$0 $0 $0
N/A TRUSTEE 1.0
Director
$0 $0 $0
N/A CHAIRMAN EMERITUS 12.0
Director
$0 $0 $0
N/A TRUSTEE 2.0
Director
$0 $0 $0
N/A TRUSTEE 1.0
Director
$0 $0 $0
N/A TRUSTEE 1.0
Director
$0 $0 $0
N/A TRUSTEE 1.0
Director
$0 $0 $0
N/A TRUSTEE 1.0
Director
$0 $0 $0
N/A TRUSTEE 1.0
Director
$0 $0 $0
N/A EXECUTIVE VICE CHAIRMAN 38.4
Director
$2,123,368 $0 $2,123,368
N/A TRUSTEE 2.0
Director
$0 $0 $0
N/A TRUSTEE 1.0
Director
$0 $0 $0
N/A VICE CHAIRMAN-EMERITUS 6.0
Director
$0 $0 $0
N/A TRUSTEE (THRU 7/2023) 1.0
Director
$0 $0 $0
N/A TRUSTEE 1.0
Director
$0 $0 $0
N/A TRUSTEE 4.0
Director
$0 $0 $0
N/A VICE CHAIRMAN-EMERITUS 4.0
Director
$0 $0 $0
N/A CHAIRMAN 10.0
Director
$0 $0 $0
N/A TRUSTEE 2.0
Director
$0 $0 $0
N/A TRUSTEE 2.0
Director
$0 $0 $0
N/A CHAIRMAN EMERITUS 4.0
Director
$0 $0 $0
N/A TRUSTEE 2.0
Director
$0 $0 $0
N/A TRUSTEE (THRU 7/2023) 1.0
Director
$0 $0 $0
N/A TRUSTEE 1.0
Director
$0 $0 $0
N/A TRUSTEE 2.0
Director
$0 $0 $0
N/A TRUSTEE 4.0
Director
$0 $0 $0
N/A TRUSTEE 2.0
Director
$0 $0 $0
N/A TRUSTEE 2.0
Director
$0 $0 $0
N/A TRUSTEE 1.0
Director
$0 $0 $0
N/A TRUSTEE 2.0
Director
$0 $0 $0
N/A TRUSTEE 1.0
Director
$0 $0 $0
N/A TRUSTEE 9.0
Director
$0 $0 $0
N/A TRUSTEE 1.0
Director
$0 $0 $0
N/A TRUSTEE 1.0
Director
$0 $0 $0
N/A CHAIRMAN EMERITUS 1.0
Director
$0 $0 $0
N/A TRUSTEE 1.0
Director
$0 $0 $0
N/A TRUSTEE 4.0
Director
$0 $0 $0
N/A TRUSTEE 1.0
Director
$0 $0 $0
N/A TRUSTEE 6.0
Director
$0 $0 $0
N/A TRUSTEE 1.0
Director
$0 $0 $0
N/A TRUSTEE 1.0
Director
$0 $0 $0
N/A TRUSTEE (THRU 7/2023) 1.0
Director
$0 $0 $0
N/A TRUSTEE (THRU 7/2023) 1.0
Director
$0 $0 $0
N/A TRUSTEE 4.0
Director
$0 $0 $0
N/A TRUSTEE 1.0
Director
$0 $0 $0
N/A VICE CHAIRMAN-EMERITUS 4.0
Director
$0 $0 $0
N/A TRUSTEE (THRU 7/2023) 1.0
Director
$0 $0 $0
N/A VICE CHAIRMAN-EMERITUS 5.0
Director
$0 $0 $0
N/A TRUSTEE (THRU 7/2023) 1.0
Director
$0 $0 $0
N/A TRUSTEE 1.0
Director
$0 $0 $0
N/A TRUSTEE 1.0
Director
$0 $0 $0
N/A TRUSTEE 2.0
Director
$0 $0 $0
N/A TRUSTEE 2.0
Director
$0 $0 $0
N/A TRUSTEE 2.0
Director
$0 $0 $0
N/A VICE CHAIRMAN 5.0
Director
$0 $0 $0
N/A TRUSTEE 2.0
Director
$0 $0 $0
N/A TRUSTEE (THRU 7/2023) 3.0
Director
$0 $0 $0
N/A TRUSTEE 1.0
Director
$0 $0 $0
N/A TRUSTEE 4.0
Director
$0 $0 $0
N/A TRUSTEE 9.0
Director
$0 $0 $0
N/A TRUSTEE 4.0
Director
$0 $0 $0
N/A TRUSTEE 3.0
Director
$0 $0 $0
N/A VICE CHAIRMAN 3.0
Director
$0 $0 $0
N/A TRUSTEE 1.0
Director
$0 $0 $0
N/A TRUSTEE 1.0
Director
$0 $0 $0
N/A TRUSTEE 2.0
Director
$0 $0 $0
N/A VICE CHAIRMAN 4.0
Director
$0 $0 $0
N/A TRUSTEE 1.0
Director
$0 $0 $0
N/A TRUSTEE 1.0
Director
$0 $0 $0
N/A TRUSTEE (THRU 7/2023) 3.0
Director
$0 $0 $0
N/A TRUSTEE 1.0
Director
$0 $0 $0
N/A TRUSTEE 1.0
Director
$0 $0 $0
N/A TRUSTEE 1.0
Director
$0 $0 $0
N/A EVP & COO 34.5
Officer
$3,551,334 $58,432 $3,609,766
N/A VP, SEN. COUNS. & CORP. SEC. 46.0
Officer
$576,214 $92,917 $669,131
N/A EVP & COO 34.5
Officer
$7,457,628 $224,853 $7,682,481
N/A GSVP, CLO & GENERAL COUNSEL 48.7
Officer
$2,362,515 $44,965 $2,407,480
N/A ASS'T CORP. SEC. 27.5
Officer
$167,219 $26,131 $193,350
N/A ASS'T CORP. SEC. 28.0
Officer
$192,422 $38,594 $231,016
N/A GSVP, CFO & TREASURER 40.5
Officer
$2,619,350 $85,653 $2,705,003
N/A ASS'T CORP. SEC. 33.5
Officer
$274,300 $64,158 $338,458
N/A SVP - CHIEF INVEST OFFICER 19.0
Key Emp
$2,465,115 $68,614 $2,533,729
N/A SVP & CHIEF MEDICAL OFFICER 42.5
Key Emp
$1,191,470 $79,427 $1,270,897
N/A SVP, CHIEF MARKETING & COMM OFFICER 60.0
Key Emp
$2,037,796 $29,153 $2,066,949
N/A SVP - FINANCE 60.0
Key Emp
$2,326,624 $103,461 $2,430,085
N/A SVP-STRATEGY 59.5
Key Emp
$1,173,496 $171,014 $1,344,510
N/A GSVP-FACIL & REAL ESTATE 27.7
Key Emp
$1,858,069 $68,997 $1,927,066
N/A PRESIDENT METHODIST 58.7
Key Emp
$1,111,336 $75,131 $1,186,467
N/A GSVP CHIEF OF REGUL. PLAN AND STRAT. INITIATIVES 1.0
Key Emp
$1,466,445 $66,392 $1,532,837
N/A COS TO PRES AND CEO AND SVP COMM 60.0
Key Emp
$1,251,116 $57,775 $1,308,891
N/A Group SVP Chief Operating Officer 60.0
Key Emp
$2,321,931 $41,997 $2,363,928
N/A SVP FINANCE 17.5
Key Emp
$1,161,825 $67,757 $1,229,582
N/A GSVP CHIEF OPERATING OFFICER 60.0
Key Emp
$1,715,064 $57,771 $1,772,835
N/A SVP COO ALLEN & AMBULATORY CARE 58.0
Key Emp
$1,226,482 $108,364 $1,334,846
N/A GSVP CHIEF INFO. AND TRANSFORMATION OFFICER 58.5
Key Emp
$1,735,297 $43,727 $1,779,024
N/A GSVP CHIEF PEOPLE AND CULTURE OFFICER 58.5
Key Emp
$1,710,183 $61,522 $1,771,705
N/A SVP CHIEF DEVELOPMENT OFFICER 0.0
Key Emp
$1,188,104 $70,100 $1,258,204
N/A SVP-PAT SVCS-LIASON TO BOARD 60.0
Key Emp
$1,749,971 $116,971 $1,866,942
N/A SVP/COO PHYSICIAN SERVICES 59.5
Key Emp
$1,138,055 $71,028 $1,209,083
N/A GSVP & CHIEF NURSING OFFICER 59.0
Key Emp
$1,896,785 $77,171 $1,973,956
N/A SVP-FINANCE 55.5
Key Emp
$1,241,751 $107,790 $1,349,541
N/A PRESIDENT QUEENS 0.0
Highest
$1,338,804 $154,926 $1,493,730
N/A Executive Director NY Quality 60.0
Highest
$1,016,963 $55,589 $1,072,552
N/A SVP & CHIEF EXPERIENCE OFFICER 57.0
Highest
$1,057,276 $80,466 $1,137,742
N/A PRESIDENT METHODIST 59.0
Highest
$1,105,752 $65,527 $1,171,279
N/A PRESIDENT HUDSON VALLEY 0.0
Highest
$989,168 $67,804 $1,056,972
N/A FORMER KEY EMPLOYEE 59.0
$945,691 $73,516 $1,019,207
N/A FORMER KEY EMPLOYEE 0.0
$206,615 $3,773 $210,388
N/A FORMER KEY EMPLOYEE 0.0
$655,985 $10,351 $666,336
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 $10,254,512,111 $9,755,790,336 $20,094,954,661 $498,721,775
2022 $8,916,664,958 $8,545,743,761 $18,064,472,827 $370,921,197
2021 $7,331,871,637 $7,046,564,401 $17,374,804,331 $285,307,236
2020 $6,703,258,154 $7,256,864,939 $16,400,838,456 $-553,606,785
2019 $6,714,154,880 $6,401,756,534 $14,037,430,048 $312,398,346
2018 $6,320,339,436 $5,966,434,053 $12,352,196,093 $353,905,383
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