NEW YORK WEILL CORNELL MEDICAL CEN… - Form 990 Financial Data

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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

1956

Legal Domicile

Principal Officer

CARA SQUICCIARINI

Phone

6469623633

Tax Period

2023-07-01 to 2024-06-30

NEW YORK WEILL CORNELL MEDICAL CENTER FUND INC, founded in 1956, is a mid-sized nonprofit in the Health Care sector that reported $14.0M in total revenue in fiscal year 2023. Revenue surged 71% from the prior year, signaling strong growth momentum. The organization ran a surplus of $5.4M, a strong 38% operating margin.

Mission

TO OBTAIN, MANAGE, AND DISTRIBUTE CHARITABLE CONTRIBUTIONS AND RELATED INVESTMENT INCOME, THEREON FOR THE EXCLUSIVE JOINT EDUCATIONAL, SCIENTIFIC AND CHARITABLE PURPOSES OF THE SOCIETY OF THE NEW YORK PRESBYTERIAN HOSPITAL AND WEILL MEDICAL COLLEGE OF CORNELL UNIVERSITY.

Program Service Accomplishments

Program 1

Expenses: $5,402,191

SUPPORT OF WEILL MEDICAL COLLEGE OF CORNELL UNIVERSITY

Program 2

Expenses: $2,638,380

SUPPORT OF THE SOCIETY OF THE NEW YORK PRESBYTERIAN HOSPITAL

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $211,521

Program Service Revenue $0

Investment Income $13,806,203

Other Revenue $0

TOTAL REVENUE $14,017,724

Expense Breakdown

Grants Paid $8,040,571

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $8,040,571

Other Expenses $622,951

TOTAL EXPENSES $8,663,522

Year-over-Year Comparison

	2023	2022	Change
Revenue	$14,017,724	$8,193,839	+0.7%
Expenses	$8,663,522	$8,429,790	+0.0%
Net Income	$5,354,202	$-235,951	-23.7%

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

$2,035,161

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN S WEINBERG	PRESIDENT	1.00	Officer Director	$0	$0	$0
KRAIG KAYSER	VICE PRESIDENT (AS OF 5/22/24)	1.00	Officer Director	$0	$0	$0
ANDREW H TISCH	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
STEVEN O NEWHOUSE	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MELISSA E WELCH	ASSISTANT SECRETARY	1.00	Officer	$0	$38,594	$231,016
VANESSA M MURPHY	ASSISTANT SECRETARY (AS OF 5/22/24)	1.00	Officer	$0	$64,158	$338,457
ERIN K ANTHONY	ASSISTANT TREASURER	1.00	Officer	$0	$65,839	$269,254
JOSEPH SCHWARTZ	TREASURER (UNTIL 1/5/24)	1.00	Officer	$0	$81,695	$527,303
JOHN CAMPANO	SECRETARY	1.00	Officer	$0	$92,917	$669,131

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
2025	No data	No data	No data	No data
2024	$14,017,724	$8,663,522	$249,439,381	$5,354,202
2023	$8,193,839	$8,429,790	$237,594,264	$-235,951
2022	$20,911,565	$7,576,011	$237,549,829	$13,335,554
2021	$20,099,722	$8,888,971	$247,283,074	$11,210,751
2020	$6,775,017	$7,410,981	$181,712,632	$-635,964
2019	$7,727,648	$7,731,802	$186,422,132	$-4,154
2018	$12,297,111	$7,872,710	$184,989,445	$4,424,401

NEW YORK WEILL CORNELL MEDICAL CENTER FUND INC