Montefiore Health System Inc

EIN: 201615393 501(c)(3) Health Care

TARRYTOWN, NY

Total Revenue
$393,445,493
Total Expenses
$444,563,348
Total Assets
$886,300,716
Net Assets
$635,947,036
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2004
Legal Domicile
NY
Phone
9143498455
Tax Period
2023-01-01 to 2023-12-31

Montefiore Health System Inc, founded in 2004, is a major nonprofit in the Health Care sector that reported $393.4M in total revenue in fiscal year 2023. Expenses of $444.6M exceeded revenue, resulting in a 13% operating deficit.

Mission

TO HEAL, TO TEACH, TO DISCOVER AND TO ADVANCE THE HEALTH OF THE COMMUNITIES WE SERVE.

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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 $114,623
Program Service Revenue $389,452,941
Investment Income $3,677,979
Other Revenue $199,950
TOTAL REVENUE $393,445,493

Expense Breakdown

Grants Paid $0
Salaries & Benefits $188,248,501
Fundraising Expenses $0
Program Expenses $322,814,349
Other Expenses $256,314,847
TOTAL EXPENSES $444,563,348

Year-over-Year Comparison

2023 2022 Change
Revenue $393,445,493 $381,942,085 +0.0%
Expenses $444,563,348 $411,045,343 +0.1%
Net Income $-51,117,855 $-29,103,258 +0.8%
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

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Financial Distress Indicator

Liquidity & Cash Position

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

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Governance

Voting Members
39
Independent Members
38
Employees
951
Volunteers
N/A

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
7
$21,913,035
Total Directors
40
$16,361,629
Key Employees
1
$2,759,560
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A SECRETARY 0.8
Officer Director
$0 $0 $0
N/A VICE CHAIR 0.8
Officer Director
$0 $0 $0
N/A TREASURER 0.5
Officer Director
$0 $0 $0
N/A CHAIRMAN 0.8
Officer Director
$0 $0 $0
N/A PRESIDENT & CEO 2.0
Officer Director
$0 $46,776 $16,361,629
N/A TRUSTEE 0.3
Director
$0 $0 $0
N/A TRUSTEE 0.5
Director
$0 $0 $0
N/A TRUSTEE 0.3
Director
$0 $0 $0
N/A TRUSTEE 0.5
Director
$0 $0 $0
N/A TRUSTEE 0.3
Director
$0 $0 $0
N/A TRUSTEE 0.3
Director
$0 $0 $0
N/A TRUSTEE (RESIGNED 1/24/23) 0.3
Director
$0 $0 $0
N/A TRUSTEE 0.3
Director
$0 $0 $0
N/A TRUSTEE 0.3
Director
$0 $0 $0
N/A TRUSTEE 0.3
Director
$0 $0 $0
N/A TRUSTEE 0.3
Director
$0 $0 $0
N/A TRUSTEE 0.5
Director
$0 $0 $0
N/A TRUSTEE 0.3
Director
$0 $0 $0
N/A TRUSTEE 0.5
Director
$0 $0 $0
N/A TRUSTEE 0.3
Director
$0 $0 $0
N/A TRUSTEE 0.3
Director
$0 $0 $0
N/A TRUSTEE 0.3
Director
$0 $0 $0
N/A TRUSTEE 0.3
Director
$0 $0 $0
N/A TRUSTEE 0.3
Director
$0 $0 $0
N/A TRUSTEE 0.3
Director
$0 $0 $0
N/A TRUSTEE 1.0
Director
$0 $0 $0
N/A TRUSTEE 0.3
Director
$0 $0 $0
N/A TRUSTEE 0.3
Director
$0 $0 $0
N/A TRUSTEE 0.3
Director
$0 $0 $0
N/A TRUSTEE 0.5
Director
$0 $0 $0
N/A TRUSTEE 0.5
Director
$0 $0 $0
N/A TRUSTEE 0.3
Director
$0 $0 $0
N/A TRUSTEE 0.3
Director
$0 $0 $0
N/A TRUSTEE 0.3
Director
$0 $0 $0
N/A TRUSTEE 1.0
Director
$0 $0 $0
N/A TRUSTEE 0.5
Director
$0 $0 $0
N/A TRUSTEE 0.3
Director
$0 $0 $0
N/A TRUSTEE 0.3
Director
$0 $0 $0
N/A TRUSTEE 0.3
Director
$0 $0 $0
N/A TRUSTEE 1.0
Director
$0 $0 $0
N/A ASSISTANT SECRETARY 2.0
Officer
$0 $46,882 $1,872,945
N/A EXEC VP & CFO 5.0
Officer
$0 $29,882 $3,678,461
N/A SYSTEM SENIOR VP-OPERATIONS 2.0
Key Emp
$2,712,654 $46,906 $2,759,560
N/A SVP & CHIEF MEDICAL OFFICER 0.0
Highest
$2,220,206 $46,952 $2,267,158
N/A VP & CHIEF MARKETING OFFICER 0.0
Highest
$763,729 $46,776 $810,505
N/A VP NURSING & PATIENT CARE SRVC 0.0
Highest
$839,225 $47,331 $886,556
N/A SVP & EXECUTIVE DIRECTOR MOSES & WAKEFIELD CAMPUSES 0.0
Highest
$1,646,419 $373,067 $2,019,486
N/A SVP-NET POPULATION HEALTH MGMT 0.0
Highest
$1,391,841 $49,826 $1,441,667
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 $393,445,493 $444,563,348 $886,300,716 $-51,117,855
2022 $381,942,085 $411,045,343 $840,185,224 $-29,103,258
2021 $277,667,137 $337,227,075 $787,550,963 $-59,559,938
2020 $269,518,485 $303,022,072 $777,729,354 $-33,503,587
2019 $308,553,187 $313,009,558 $705,121,118 $-4,456,371
2018 $323,837,513 $243,847,908 $747,563,227 $79,989,605
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