Montefiore Mount Vernon Hospital

EIN: 462916938 501(c)(3) Health Care

MOUNT VERNON, NY

Total Revenue
$61,723,291
Total Expenses
$93,535,039
Total Assets
$41,885,391
Net Assets
$-52,193,157
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
NY
Phone
9143498455
Tax Period
2023-01-01 to 2023-12-31

Montefiore Mount Vernon Hospital, founded in 2013, is a mid-sized nonprofit in the Health Care sector that reported $61.7M in total revenue in fiscal year 2023. Revenue decreased 16% compared to the prior year. Expenses of $93.5M exceeded revenue, resulting in a 52% 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 $-108,421
Program Service Revenue $61,576,789
Investment Income $0
Other Revenue $254,923
TOTAL REVENUE $61,723,291

Expense Breakdown

Grants Paid $0
Salaries & Benefits $51,125,616
Fundraising Expenses $0
Program Expenses $88,480,975
Other Expenses $42,409,423
TOTAL EXPENSES $93,535,039

Year-over-Year Comparison

2023 2022 Change
Revenue $61,723,291 $73,875,365 -0.2%
Expenses $93,535,039 $87,585,353 +0.1%
Net Income $-31,811,748 $-13,709,988 +1.3%
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
36
Independent Members
35
Employees
542
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
37
$16,361,629
Key Employees
2
$3,229,347
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A SECRETARY 0.4
Officer Director
$0 $0 $0
N/A VICE CHAIR 0.4
Officer Director
$0 $0 $0
N/A TREASURER 0.3
Officer Director
$0 $0 $0
N/A CHAIRMAN 0.5
Officer Director
$0 $0 $0
N/A PRESIDENT & CEO 5.0
Officer Director
$0 $46,776 $16,361,629
N/A TRUSTEE 0.2
Director
$0 $0 $0
N/A TRUSTEE 0.3
Director
$0 $0 $0
N/A TRUSTEE 0.2
Director
$0 $0 $0
N/A TRUSTEE 0.3
Director
$0 $0 $0
N/A TRUSTEE 0.2
Director
$0 $0 $0
N/A TRUSTEE 0.2
Director
$0 $0 $0
N/A TRUSTEE (RESIGNED 1/24/2023) 0.2
Director
$0 $0 $0
N/A TRUSTEE 0.2
Director
$0 $0 $0
N/A TRUSTEE 0.2
Director
$0 $0 $0
N/A TRUSTEE 0.2
Director
$0 $0 $0
N/A TRUSTEE 0.2
Director
$0 $0 $0
N/A TRUSTEE 0.3
Director
$0 $0 $0
N/A TRUSTEE 0.2
Director
$0 $0 $0
N/A TRUSTEE 0.3
Director
$0 $0 $0
N/A TRUSTEE 0.2
Director
$0 $0 $0
N/A TRUSTEE 0.2
Director
$0 $0 $0
N/A TRUSTEE 0.2
Director
$0 $0 $0
N/A TRUSTEE 0.2
Director
$0 $0 $0
N/A TRUSTEE 0.2
Director
$0 $0 $0
N/A TRUSTEE 0.2
Director
$0 $0 $0
N/A TRUSTEE 0.2
Director
$0 $0 $0
N/A TRUSTEE 0.2
Director
$0 $0 $0
N/A TRUSTEE 0.2
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 0.2
Director
$0 $0 $0
N/A TRUSTEE 0.2
Director
$0 $0 $0
N/A TRUSTEE 0.2
Director
$0 $0 $0
N/A TRUSTEE 0.3
Director
$0 $0 $0
N/A TRUSTEE 0.2
Director
$0 $0 $0
N/A TRUSTEE 0.2
Director
$0 $0 $0
N/A TRUSTEE 0.2
Director
$0 $0 $0
N/A ASSISTANT SECRETARY 5.0
Officer
$0 $46,882 $1,872,945
N/A EXEC VP & CFO 5.0
Officer
$0 $29,882 $3,678,461
N/A VP & EXC DIRECTOR MMV 60.0
Key Emp
$0 $50,533 $469,787
N/A SYSTEM SENIOR VP-OPERATIONS 5.0
Key Emp
$0 $46,906 $2,759,560
N/A PHYSICIAN 50.0
Highest
$280,713 $17,183 $297,896
N/A CHAIR-ANESTHESIA 50.0
Highest
$540,954 $29,065 $570,019
N/A PHYSICIAN 50.0
Highest
$267,776 $757 $268,533
N/A PER DIEM PSYCHIATRIST 50.0
Highest
$619,744 $28,585 $648,329
N/A ADMINISTRATIVE NURSE MANAGER 50.0
Highest
$218,118 $18,204 $236,322
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 $61,723,291 $93,535,039 $41,885,391 $-31,811,748
2022 $73,875,365 $87,585,353 $41,527,538 $-13,709,988
2021 $78,648,978 $81,837,313 $45,245,660 $-3,188,335
2020 $98,292,944 $87,264,324 $61,433,340 $11,028,620
2019 $95,066,207 $97,247,150 $45,354,488 $-2,180,943
2018 $87,661,060 $93,835,121 $41,538,527 $-6,174,061
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