Montefiore Mount Vernon Hospital

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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

2013

Legal Domicile

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

MISSION: TO HEAL, TO TEACH, TO DISCOVER AND TO ADVANCE THE HEALTH OF THE COMMUNITIES WE SERVE. VALUES: HUMANITY, INNOVATION, TEAMWORK, DIVERSITY AND EQUITY - OUR VALUES DEFINE OUR PHILOSOPHY OF CARE. THEY SHAPE OUR ACTIONS AND MOTIVATE AND INSPIRE US TO PURSUE EXCELLENCE AND ACHIEVE OUR GOALS.

Program Service Accomplishments

Program 1

Expenses: $88,480,975 Revenue: $61,576,789

MONTEFIORE MOUNT VERNON HOSPITAL IS A 176 BED, COMMUNITY-BASED TEACHING HOSPITAL THAT HAS BEEN SERVING THE MEDICAL NEEDS OF THE COMMUNITY SINCE ITS INCEPTION. MONTEFIORE MOUNT VERNON PROVIDES...

MONTEFIORE MOUNT VERNON HOSPITAL IS A 176 BED, COMMUNITY-BASED TEACHING HOSPITAL THAT HAS BEEN SERVING THE MEDICAL NEEDS OF THE COMMUNITY SINCE ITS INCEPTION. MONTEFIORE MOUNT VERNON PROVIDES INPATIENT, CRITICAL CARE AND AMBULATORY SERVICES TO RESIDENTS OF LOWER WESTCHESTER COUNTY. THE HOSPITAL IS PART OF MONTEFIORE HEALTH SYSTEM, THE UNIVERSITY HOSPITAL FOR THE ALBERT EINSTEIN COLLEGE OF MEDICINE. MONTEFIORE MOUNT VERNON HOSPITAL BEGAN OPERATIONS ON NOVEMBER 6, 2013 AS PART OF THE MONTEFIORE HEALTH SYSTEM. MONTEFIORE MOUNT VERNON'S MISSION IS TO HEAL, TO TEACH, TO DISCOVER AND TO ADVANCE THE HEALTH OF THE COMMUNITIES IT SERVES. TO THIS MISSION, THE HEALTH SYSTEM BRINGS A UNIQUE SYNERGY OF STRENGTHS AND RESOURCES THAT HAS HELPED DEFINE HEALTHCARE DELIVERY IN THE AREA AND HAVE EARNED MOUNT VERNON THE DISTINCTION OF BEING A DESIGNATED NEW YORK STROKE AND HIV/AIDS CENTER. MOUNT VERNON HOSPITAL IS ALSO HOME TO THE BEALE CHRONIC WOUND TREATMENT AND HYPERBARIC CENTER AND THE MONTEFIORE SCHOOL OF NURSING. THE HOSPITAL PROVIDES A RANGE OF DIAGNOSTIC AND THERAPEUTIC MEDICAL AND SURGICAL SERVICES IN ADDITION TO SPECIALTY PROGRAMS AND SERVICES. IT OPERATES A FAMILY HEALTH AND WELLNESS CENTER WITH MORE THAN 20 SPECIALIZED AMBULATORY CARE CLINICS AS WELL AS AN INPATIENT AND OUTPATIENT BEHAVIORAL HEALTH PROGRAM OFFERING PSYCHIATRIC SERVICES. THE HOSPITAL ALSO OPERATES A CHRONIC WOUND TREATMENT AND HYPERBARIC MEDICINE CENTER THAT OFFERS ADVANCE WOUND MANAGEMENT AS WELL AS HYPERBARIC OXYGEN THERAPY HELPING TO REDUCE THE RISK OF AMPUTATION FOR INDIVIDUALS SUFFERING FROM TRAUMATIC INJURIES. MONTEFIORE MOUNT VERNON HOSPITAL ALSO OPERATES A DRUG AND ALCOHOL ADDICTION REHABILITATION FACILITY LOCATED IN CLOSE PROXIMITY TO THEIR MAIN CAMPUS COMMITTED TO HELPING THOSE ADDICTED IN GETTING THE TREATMENT THAT THEY NEED. THE CENTER OFFERS PERSONALIZED TREATMENT PROGRAM SPECIFICALLY DESIGNED FOR THE PATIENT INCLUDING GROUP COUNSELING, 12-STEP PROGRAMS, MEDICALLY ASSISTED DETOXIFICATION, AND INDIVIDUAL COUNSELING, AMONG OTHERS, THAT CAN HELP TO GIVE OUR PATIENTS THE CONFIDENCE NEEDED TO SUCCESSFULLY OVERCOME THEIR ADDICTION TO DRUGS OR ALCOHOL.

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

Governance

Voting Members

Independent Members

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

$21,913,035

Total Directors

$16,361,629

Key Employees

$3,229,347

Highest Compensated

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