BETH ISRAEL MEDICAL CENTER

EIN: 135564934 501(c)(3) Health Care

NEW YORK, NY

Total Revenue
$1,076,809,659
Total Expenses
$1,231,583,714
Total Assets
$1,228,900,764
Net Assets
$-348,347,344
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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
1890
Legal Domicile
NY
Phone
6466054217
Tax Period
2024-01-01 to 2024-12-31

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.

Mission

SERVES THE HEALTH CARE NEEDS OF THE NEW YORK COMMUNITY, WHILE ALSO PROVIDING CLINICAL EDUCATION AND ENGAGING IN CLINICAL RESEARCH.

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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 $67,103,728
Program Service Revenue $772,636,101
Investment Income $44,351,254
Other Revenue $192,718,576
TOTAL REVENUE $1,076,809,659

Expense Breakdown

Grants Paid $8,442,546
Salaries & Benefits $527,981,488
Fundraising Expenses $73,625
Program Expenses $1,200,074,146
Other Expenses $695,159,680
TOTAL EXPENSES $1,231,583,714

Year-over-Year Comparison

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%
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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Governance

Voting Members
29
Independent Members
29
Employees
5595
Volunteers
44

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
38
$25,256,012
Total Directors
30
$7,503,060
Key Employees
1
$807,419
Highest Compensated
5
reported
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
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 $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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