NEW YORK, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)BETH ISRAEL MEDICAL CENTER, founded in 1890, is a large national nonprofit in the Health Care sector that reported $1.1B in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year. Expenses of $1.2B exceeded revenue, resulting in a 14% operating deficit.
SINCE ITS FOUNDING, OVER 120 YEARS AGO, AS A MEDICAL DISPENSARY TO MEET THE NEEDS OF THE IMPOVERISHED AND UNDERSERVED JEWISH COMMUNITY OF THE LOWER EAST SIDE, BETH ISRAEL MEDICAL CENTER HAS BEEN COMMITTED TO THE CARE OF PERSONS OF ALL RACES, RELIGIONS AND CREEDS. NOW A MAJOR PROVIDER OF A FULL RANGE OF PRIMARY, SECONDARY AND HIGHLY SPECIALIZED TERTIARY HEALTH CARE SERVICES, THE MEDICAL CENTER REMAINS PROUD OF ITS HERITAGE AND THE ORIGINAL MISSION OF BETH ISRAEL MEDICAL CENTER. THE MISSION OF BETH ISRAEL MEDICAL CENTER IS TO PROVIDE COMPASSIONATE PATIENT CARE WITH SEAMLESS COORDINATION AND TO ADVANCE MEDICINE THROUGH UNRIVALED EDUCATION, RESEARCH, AND OUTREACH IN THE MANY DIVERSE COMMUNITIES WE SERVE.
PATIENT CARE: BETH ISRAEL MEDICAL CENTER PROVIDES QUALITY MEDICAL HEALTHCARE REGARDLESS OF RACE, CREED, SEX, NATIONAL ORIGIN, HANDICAP, AGE OR ABILITY TO PAY. ALTHOUGH REIMBURSEMENT FOR SERVICES...
PATIENT CARE: BETH ISRAEL MEDICAL CENTER PROVIDES QUALITY MEDICAL HEALTHCARE REGARDLESS OF RACE, CREED, SEX, NATIONAL ORIGIN, HANDICAP, AGE OR ABILITY TO PAY. ALTHOUGH REIMBURSEMENT FOR SERVICES RENDERED IS CRITICAL TO THE OPERATION AND STABILITY OF THE MEDICAL CENTER, IT IS RECOGNIZED THAT NOT ALL INDIVIDUALS POSSESS THE ABILITY TO PURCHASE ESSENTIAL MEDICAL SERVICES AND FURTHER, THAT OUR MISSION, IS TO SERVE THE COMMUNITY WITH RESPECT TO PROVIDING HEALTHCARE SERVICES AND HEALTHCARE EDUCATION. BETH ISRAEL PROVIDES CARE TO PERSONS COVERED BY GOVERNMENTAL PROGRAMS AND THE UNINSURED AT BELOW COST. TO THE EXTENT REIMBURSEMENT IS BELOW COST, OR A PATIENT IS UNABLE TO PAY, BETH ISRAEL RECOGNIZED THESE AMOUNTS AS CHARITY CARE IN MEETING ITS MISSION TO THE COMMUNITY. IN ADDITION, CHARITY CARE IS ALSO PROVIDED THROUGH MANY FREE SERVICES AND PROGRAMS OFFERED THROUGHOUT THE YEAR, WHICH BETH ISRAEL BELIEVES SERVE A BONA FIDE COMMUNITY HEALTH NEED. IN ADDITION, THE HOSPITAL OPERATES TWO EMERGENCY ROOMS THAT ARE OPEN 24 HOURS, SEVEN DAYS A WEEK. THE KARPAS HEALTH INFORMATION CENTER (KHIC) CONSISTING OF 4 HEALTHCARE PROFESSIONALS PROVIDES HEALTH SCREENINGS, HEALTH INFORMATION AND HEALTH EDUCATION TO THE COMMUNITY. ITS REGULAR SERVICES INCLUDE FREE LECTURES, DISTRIBUTION OF FREE PUBLICATIONS, HEALTH SCREENINGS, PHYSICIANS REFERRALS, ETC. BIMC IS THE PRIMARY HEALTHCARE PROVIDER FOR THE LOWER EAST SIDE OF NEW YORK CITY. THE NEIGHBORHOOD IS THE POINT OF ENTRY FOR MANY NEW IMMIGRANTS TO THE UNITED STATES. THE NEIGHBORHOOD IS ALSO AFFLICTED WITH SEVERE SUBSTANCE ABUSE PROBLEMS AND THE RELATED HEALTH CRISIS, AIDS. IN RECOGNITION OF ITS RESPONSIBILITY TO THE COMMUNITY, BETH ISRAEL PROVIDES SERVICES IN VARIOUS LANGUAGES: ENGLISH, HEBREW, CHINESE AND SPANISH.
STUDENT FINANCIAL AID PROGRAM: TO PROVIDE FINANCIAL AID TO QUALIFYING NURSES ATTENDING BETH ISRAEL NURSING SCHOOL.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $1,076,809,659 | $1,306,435,182 | -0.2% |
| Expenses | $1,231,583,714 | $1,216,012,722 | +0.0% |
| Net Income | $-154,774,055 | $90,422,460 | -2.7% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| ANDREW SAUL | VICE CHAIRMAN/TRUSTEE | 2.0 |
Officer
Director
|
$0 | $0 | $0 |
| BRAD KARP | TRUSTEE/SECRETARY | 2.0 |
Officer
Director
|
$0 | $0 | $0 |
| DONALD J GOGEL | TRUSTEE/VICE CHAIRMAN | 2.0 |
Officer
Director
|
$0 | $0 | $0 |
| ERIC MINDICH | TRUSTEE/VICE CHAIRMAN | 2.0 |
Officer
Director
|
$0 | $0 | $0 |
| JAMES NEARY | TRUSTEE/VICE CHAIRMAN | 2.0 |
Officer
Director
|
$0 | $0 | $0 |
| JAMES S TISCH | TRUSTEE/CO-CHAIRMEN OF BOARD | 2.0 |
Officer
Director
|
$0 | $0 | $0 |
| JEFF T BLAU | TRUSTEE/VICE CHAIRMAN | 2.0 |
Officer
Director
|
$0 | $0 | $0 |
| JOEL I PICKET | TRUSTEE/VICE CHAIRMAN | 2.0 |
Officer
Director
|
$0 | $0 | $0 |
| JOEL S EHRENKRANZ | TRUSTEE/VICE CHAIRMAN | 2.0 |
Officer
Director
|
$0 | $0 | $0 |
| JOHN A LEVIN | TRUSTEE/VICE CHAIRMAN | 2.0 |
Officer
Director
|
$0 | $0 | $0 |
| JOHN B HESS | TRUSTEE/ VICE CHAIRMAN | 2.0 |
Officer
Director
|
$0 | $0 | $0 |
| JUDITH O RUBIN | TRUSTEE/VICE CHAIRMAN | 2.0 |
Officer
Director
|
$0 | $0 | $0 |
| MICHAEL MINIKES | VICE CHAIR/TREASURER/TRUSTEE | 2.0 |
Officer
Director
|
$0 | $0 | $0 |
| RICHARD A FRIEDMAN | CO-CHAIRMEN OF BOARD/TRUSTEE | 2.0 |
Officer
Director
|
$0 | $0 | $0 |
| STEVEN HOCHBERG | TRUSTEE/VICE CHAIRMAN | 2.0 |
Officer
Director
|
$0 | $0 | $0 |
| SUSAN R CULLMAN | TRUSTEE/VICE CHAIRMAN | 2.0 |
Officer
Director
|
$0 | $0 | $0 |
| THOMAS W STRAUSS | TRUSTEE/VICE CHAIRMAN | 2.0 |
Officer
Director
|
$0 | $0 | $0 |
| ANDREW M ALPER | TRUSTEE | 1.0 |
Director
|
$0 | $0 | $0 |
| DAVID WINDREICH | TRUSTEE | 1.0 |
Director
|
$0 | $0 | $0 |
| EDGAR M CULLMAN JR | TRUSTEE | 1.0 |
Director
|
$0 | $0 | $0 |
| ERIC FRIEDMAN | TRUSTEE | 1.0 |
Director
|
$0 | $0 | $0 |
| FRANK BISIGNANO | TRUSTEE | 1.0 |
Director
|
$0 | $0 | $0 |
| JAMES KEMPNER | TRUSTEE | 1.0 |
Director
|
$0 | $0 | $0 |
| KENNETH DAVIS MD | Trustee and Former Officer | 2.0 |
Director
|
$670,892 | $98,069 | $7,503,060 |
| KIMBERLEY HARRIS | TRUSTEE | 1.0 |
Director
|
$0 | $0 | $0 |
| LEWIS PELL | TRUSTEE | 1.0 |
Director
|
$0 | $0 | $0 |
| MARC C LIPSCHULTZ | TRUSTEE | 1.0 |
Director
|
$0 | $0 | $0 |
| MICHAEL ZIMMERMAN | TRUSTEE | 1.0 |
Director
|
$0 | $0 | $0 |
| ROBERT F SAVAGE JR | TRUSTEE | 1.0 |
Director
|
$0 | $0 | $0 |
| WILLIAM H WRIGHT II | TRUSTEE | 1.0 |
Director
|
$0 | $0 | $0 |
| BETH ESSIG ESQ | EVP, GENERAL COUNSEL | 4.9 |
Officer
|
$161,515 | $58,108 | $1,840,832 |
| BETH YAGODA | EVP, System Chief Administrative Officer | 5.2 |
Officer
|
$50,494 | $25,461 | $582,785 |
| BONNIE M DAVIS MD | VICE CHAIRMAN | 2.0 |
Officer
|
$0 | $0 | $0 |
| Brendan G Carr MD 1 | CHIEF EXECUTIVE OFFICER (START 1/1/24) | 5.3 |
Officer
|
$493,085 | $47,473 | $5,489,914 |
| CARL ICAHN | VICE CHAIRMAN | 2.0 |
Officer
|
$0 | $0 | $0 |
| DAVID REICH MD | SYSTEM CHIEF CLINICAL OFFICER | 0.0 |
Officer
|
$0 | $65,965 | $2,220,809 |
| DENNIS CHARNEYMD 1 | PRESIDENT, ACADEMIC AFFAIRS | 5.2 |
Officer
|
$233,675 | $57,057 | $2,636,248 |
| ELIZABETH SELLMAN | PRESIDENT | 60.0 |
Officer
|
$1,262,814 | $47,432 | $1,310,246 |
| EMMA PALMER | EVP, Chief of Staff & External Affairs | 5.3 |
Officer
|
$71,702 | $71,158 | $854,567 |
| GLENN DUBIN | VICE CHAIRMAN | 2.0 |
Officer
|
$0 | $0 | $0 |
| HAMILTON JAMES | VICE CHAIRMAN | 2.0 |
Officer
|
$0 | $0 | $0 |
| HENRY R KRAVIS | VICE CHAIRMAN | 2.0 |
Officer
|
$0 | $0 | $0 |
| HON ROBERT E RUBIN | VICE CHAIRMAN | 2.0 |
Officer
|
$0 | $0 | $0 |
| JAMES W CRYSTAL | VICE CHAIRMAN | 2.0 |
Officer
|
$0 | $0 | $0 |
| JEFFREY SILBERSTEIN | EVP, SYSTEM CAO | 5.0 |
Officer
|
$65,979 | $36,176 | $1,491,680 |
| KELLY CASSANO D | EVP, SYS AMBULATORY OPERATION | 7.3 |
Officer
|
$138,927 | $47,350 | $1,240,197 |
| MARGARET PASTUSZKO | System President & Chief Operating Officer | 4.9 |
Officer
|
$207,481 | $72,844 | $2,362,925 |
| MICHAEL PASTIER | SVP, CHIEF FINANCIAL OFFICER | 7.9 |
Officer
|
$193,595 | $88,291 | $1,456,454 |
| SCOTT MICHAEL LORIN | PRESIDENT | 60.0 |
Officer
|
$987,916 | $35,248 | $1,023,164 |
| STEPHEN HARVEY | EVP, SYSTEM CFO (END 12/31/24) | 4.7 |
Officer
|
$178,668 | $85,092 | $2,057,140 |
| VINCENT TAMMARO | EVP, SYSTEM CFO (START 10/1/24) | 5.2 |
Officer
|
$61,522 | $9,991 | $689,051 |
| FRANK CINO | SVP, SYSTEM CHIEF RISK OFFICER | 5.3 |
Key Emp
|
$67,708 | $60,090 | $807,419 |
| Claudia Garcenot | Vice President Nursing | 60.0 |
Highest
|
$363,513 | $39,102 | $402,615 |
| ELVIS DELEON | VP AMBULATORY OPERATIONS | 60.0 |
Highest
|
$616,043 | $65,498 | $681,541 |
| JEMILAT SIJU | VICE PRESIDENT NURSING | 60.0 |
Highest
|
$418,576 | $62,320 | $480,896 |
| KIMBERLEY Glassman | Vice President Nursing | 60.0 |
Highest
|
$466,372 | $25,461 | $491,833 |
| Peter Shearer | Associate Professor | 60.0 |
Highest
|
$540,452 | $67,920 | $608,372 |
| BURTON P DRAYER | FORMER OFFICER | 0.0 |
|
$38,750 | $0 | $310,000 |
| JEREMY BOAL MD | FORMER OFFICER | 0.0 |
|
$167,867 | $0 | $1,852,841 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $1,076,809,659 | $1,231,583,714 | $1,228,900,764 | $-154,774,055 |
| 2023 | $1,306,435,182 | $1,216,012,722 | $1,279,634,328 | $90,422,460 |
| 2022 | $1,024,044,713 | $1,176,842,771 | $1,264,863,588 | $-152,798,058 |
| 2021 | $957,812,057 | $1,144,467,220 | $1,279,240,881 | $-186,655,163 |
| 2020 | $1,010,976,592 | $1,106,117,389 | $1,423,186,326 | $-95,140,797 |
| 2019 | $915,841,776 | $1,042,955,729 | $1,351,967,388 | $-127,113,953 |
| 2018 | $918,523,158 | $1,024,182,990 | $1,030,110,951 | $-105,659,832 |
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