ASSOCIATED MEDICAL SCHOOLS OF NEW YORK

EIN: 136214887 501(c)(3) Education

NEW YORK, NY

Total Revenue
$7,198,044
Total Expenses
$6,708,333
Total Assets
$7,719,329
Net Assets
$4,205,311
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1967
Legal Domicile
NY
Principal Officer
JONATHAN P TEYAN
Phone
2122184610
Tax Period
2024-07-01 to 2025-06-30

ASSOCIATED MEDICAL SCHOOLS OF NEW YORK, founded in 1967, is a community nonprofit in the Education sector that reported $7.2M in total revenue in fiscal year 2024. Expenses of $6.7M left a modest 7% surplus.

Mission

AMSNY, THE STATEWIDE CONSORTIUM OF MEDICAL SCHOOLS IN NEW YORK, WORKS WITH ITS ACADEMIC, SCIENTIFIC, HEALTHCARE, PATIENT ADVOCACY AND BUSINESS PARTNERS TO ADVANCE MEDICAL EDUCATION, BIOMEDICAL RESEARCH, AND HEALTHCARE DELIVERY. THIS UNIQUE COLLABORATIVE FRAMEWORK HAS ALLOWED AMSNY TO EXPAND ACCESS TO CAREERS IN MEDICINE AND SCIENCE, SUPPORT RESEARCH THAT DRIVES OUR LIFE SCIENCES ECONOMY AND CHAMPION POLICIES THAT IMPROVE HEALTH OUTCOMES FOR ALL NEW YORKERS.

Program Service Accomplishments

Program 1
Expenses: $6,359,707 Revenue: $70,860

THE AMSNY SCHOLARS IN MEDICINE AND SCIENCE PROGRAMS OFFER OPPORTUNITIES TO TALENTED STUDENTS WHO ARE COMMITTED TO BECOMING PHYSICIANS AND WHO HAVE DEMONSTRATED RESILIENCE IN OVERCOMING ADVERSITY ON...

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THE AMSNY SCHOLARS IN MEDICINE AND SCIENCE PROGRAMS OFFER OPPORTUNITIES TO TALENTED STUDENTS WHO ARE COMMITTED TO BECOMING PHYSICIANS AND WHO HAVE DEMONSTRATED RESILIENCE IN OVERCOMING ADVERSITY ON THE PATH TO MEDICAL SCHOOL. THE PROGRAMS CONSIDER STUDENTS' ACADEMIC POTENTIAL WITHIN THE CONTEXT OF THEIR PATHS TRAVELED, INCLUDING LIFE CIRCUMSTANCES, OTHER RESPONSIBILITIES DURING THEIR ACADEMIC CAREERS AND ACCESS TO RESOURCES AND OPPORTUNITIES. AMSNY SCHOLARS IN MEDICINE AND SCIENCE PROGRAMS ALSO SEEK TO EXPAND REPRESENTATION IN THE PHYSICIAN WORKFORCE IN ORDER TO IMPROVE HEALTH OUTCOMES IN NEW YORK STATE. STUDENTS IN THESE PROGRAMS HAVE A DEMONSTRATED COMMITMENT TO ADDRESSING HEALTHCARE DISPARITIES THROUGH MEDICINE, SCIENCE, RESEARCH AND ADVOCACY. THE AMSNY SCHOLARSHIP IN MEDICINE PROGRAM ADDITIONALLY SUPPORTS STUDENTS BY ELIMINATING THE FINANCIAL BARRIER TO MEDICAL SCHOOL.

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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 $7,122,668
Program Service Revenue $40,000
Investment Income $4,516
Other Revenue $30,860
TOTAL REVENUE $7,198,044

Expense Breakdown

Grants Paid $4,634,085
Salaries & Benefits $1,306,297
Fundraising Expenses $0
Program Expenses $6,359,707
Other Expenses $767,951
TOTAL EXPENSES $6,708,333

Year-over-Year Comparison

2024 2023 Change
Revenue $7,198,044 $6,993,892 +0.0%
Expenses $6,708,333 $6,479,175 +0.0%
Net Income $489,711 $514,717 0.0%
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
16
Independent Members
16
Employees
9
Volunteers
16

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
1
$307,626
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LAWERENCE CHIN MD CHAIR 1.00
Director
$0 $0 $0
DAVID BATINELLI MD TREASURER 1.00
Director
$0 $0 $0
KATRINA ARMSTRONG MD BOARD OF TRUSTEES 1.00
Director
$0 $0 $0
GLADYS M AYALA MD MPH BOARD OF TRUSTEES 1.00
Director
$0 $0 $0
ALAN BOULOS MD BOARD OF TRUSTEES 1.00
Director
$0 $0 $0
ALLISON BRASHEAR MD BOARD OF TRUSTEES 1.00
Director
$0 $0 $0
CHARLES BRUNICARDI MD BOARD OF TRUSTEES 1.00
Director
$0 $0 $0
CARMEN RENEE GREEN MD BOARD OF TRUSTEES 1.00
Director
$0 $0 $0
ROBERT HARRINGTON MD BOARD OF TRUSTEES 1.00
Director
$0 $0 $0
PETER IGARASHI MD BOARD OF TRUSTEES 1.00
Director
$0 $0 $0
DAVID LINEHAN MD BOARD OF TRUSTEES 1.00
Director
$0 $0 $0
ERIC NESTLER PHD BOARD OF TRUSTEES 1.00
Director
$0 $0 $0
NEIL SCHLUGER MD BOARD OF TRUSTEES 1.00
Director
$0 $0 $0
KENNETH STEIERDOMBAMPHMHAMGH BOARD OF TRUSTEES 1.00
Director
$0 $0 $0
YARON TOMER MD BOARD OF TRUSTEES 1.00
Director
$0 $0 $0
NICOLE WADSWORTH DOFACOEPFACEP BOARD OF TRUSTEES 1.00
Director
$0 $0 $0
JONATHAN P TEYAN PRESIDENT AND CEO 40.00
Officer
$261,803 $45,823 $307,626
JENNIFER TASSLER VP GOV RELATIONS & STRATEGIC AFFAIRS 40.00
Highest
$183,269 $21,970 $205,239
BRATEIL BADAL VP ACADEMIC AFFAIRS IN MEDICINE & RESEARCH 40.00
Highest
$152,455 $18,282 $170,737
STELLA M LAU SR DIR OF FINANCE/ADMIN TO 1/2025 40.00
Highest
$141,278 $17,174 $158,452
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 $7,198,044 $6,708,333 $7,719,329 $489,711
2024 No data No data No data No data
2023 $5,747,089 $5,365,193 $6,423,280 $381,896
2022 $4,157,575 $3,758,208 $3,498,018 $399,367
2021 $3,960,452 $2,731,699 $3,460,503 $1,228,753
2020 $3,010,696 $2,893,128 $1,810,069 $117,568
2019 $2,870,300 $2,835,934 $1,942,395 $34,366
2018 $2,669,937 $2,721,008 $1,739,385 $-51,071
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