ALBERT EINSTEIN COLLEGE OF MEDICINE INC (EIN 472209056) - Form 990 Financial Analysis & Trantor Score

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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

2014

Legal Domicile

Principal Officer

Gordon F Tomaselli MD

Phone

7184302000

Tax Period

2018-01-01 to 2018-12-31

ALBERT EINSTEIN COLLEGE OF MEDICINE INC, founded in 2014, is a major nonprofit that reported $353.2M in total revenue in fiscal year 2018. Expenses of $435.4M exceeded revenue, resulting in a 23% operating deficit.

Mission

To advance basic science, health-related and translational research in the public interest, train ethical compassionate physicians and facilitate medical education.

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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 (2018)

Revenue Breakdown

Contributions & Grants $234,310,353

Program Service Revenue $96,586,791

Investment Income $6,090,199

Other Revenue $16,171,028

TOTAL REVENUE $353,158,371

Expense Breakdown

Grants Paid $18,325,122

Salaries & Benefits $231,272,003

Fundraising Expenses $3,134,579

Program Expenses $404,600,796

Other Expenses $185,764,563

TOTAL EXPENSES $435,361,688

Year-over-Year Comparison

	2018	2017	Change
Revenue	$353,158,371	$339,602,600	+0.0%
Expenses	$435,361,688	$420,969,907	+0.0%
Net Income	$-82,203,317	$-81,367,307	+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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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

2592

Volunteers

265

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

$4,204,771

Total Directors

$11,979,185

Key Employees

$970,689

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Philip Altheim	Trustee	1.0	Director	$0	$0	$0
Linda Altman	Trustee	1.0	Director	$0	$0	$0
Diane Belfer	Trustee	1.0	Director	$0	$0	$0
Gerald Dorros MD	Trustee	1.0	Director	$0	$0	$0
Betty Feinberg	Trustee	1.0	Director	$0	$0	$0
Elliot Gibber	Trustee (Term ended 12/31/18)	1.0	Director	$0	$0	$0
Jay N Goldberg	Trustee	1.0	Director	$0	$0	$0
Arthur N Hershaft	Trustee	1.0	Director	$0	$0	$0
Michael G Jesselson	Trustee (Term ended 12/31/18)	1.0	Director	$0	$0	$0
Joshua Joseph	Trustee (Term ended 12/31/18)	1.0	Director	$0	$0	$0
Nathan S Kahn	Trustee	1.0	Director	$0	$0	$0
Marilyn L Katz	Trustee	1.0	Director	$0	$0	$0
Stanley M Katz	Trustee	1.0	Director	$0	$0	$0
Laizer Kornwasser	Trustee (Term ended 12/31/18)	1.0	Director	$0	$0	$0
Henry Kressel PhD	Trustee (Term ended 12/31/18)	1.0	Director	$0	$0	$0
Andrew J Lauer	Trustee	1.0	Director	$0	$0	$0
Edward S Pantzer	Trustee	1.0	Director	$0	$0	$0
Arnold S Penner	Trustee	1.0	Director	$0	$0	$0
Michael F Price	Trustee	1.0	Director	$0	$0	$0
Lynn Richmond	Trustee	1.0	Director	$0	$335,589	$2,036,547
Steven M Safyer MD	Trustee	1.0	Director	$0	$45,244	$8,030,595
Michael A Stocker MD	Trustee	0.5	Director	$0	$0	$0
Moshael Straus	Trustee (term ended 12/31/18)	1.0	Director	$0	$0	$0
David A Tanner	Trustee (Term ended 12/31/18)	0.5	Director	$0	$0	$0
Daniel R Tishman	Trustee	1.0	Director	$0	$0	$0
Samuel G Weinberg	Trustee	1.0	Director	$0	$0	$0
Zygmunt Wilf	Trustee	1.0	Director	$0	$0	$0
Benjamin J Winter	Trustee	1.0	Director	$0	$0	$0
Roger W Einiger	Chairman	1.0	Officer Director	$0	$0	$0
Ruth L Gottesman EdD	Trustee/Chair Emeritus	0.5	Director	$0	$0	$0
Ira M Millstein	Secretary/Chair Emeritus	1.0	Officer Director	$0	$0	$0
Robert A Belfer	Trustee/Chair Emeritus	1.0	Director	$0	$0	$0
Burton P Resnick	Trustee (Resigned 6/1/18)	1.0	Director	$0	$0	$0
Nathan Gantcher	Treasurer	1.0	Officer Director	$0	$0	$0
Christopher Panczner	Assistant Secretary	1.0	Officer Director	$0	$627,752	$1,912,043
Karen A Mandelbaum	Trustee	1.0	Director	$0	$0	$0
Ira M Mitzner	Trustee (Term ended 12/31/18)	1.0	Director	$0	$0	$0
Rabbi Ari Berman MD	Trustee (term ended 12/31/18)	1.0	Director	$0	$0	$0
Lewis Rubin MD	Trustee (Term ended 12/31/18)	1.0	Director	$0	$0	$0
Allen M Spiegel MD	President/CEO (Resigned 6/18)	49.0	Officer	$1,300,189	$16,306	$1,316,495
James Geraghty	Chief Financial Officer	25.0	Officer	$185,157	$42,110	$412,424
Gordon F Tomaselli MD	President/CEO (Effect 7/1/18)	49.0	Officer	$419,810	$143,999	$563,809
Edward R Burns MD	Executive Dean	50.0	Key Emp	$720,405	$46,741	$767,146
Jed M Shivers	Associate Dean (Term 5/11/18)	50.0	Key Emp	$184,886	$18,657	$203,543
Mark F Mehler	Professor	50.0	Highest	$591,101	$30,375	$621,476
David I Goldman	Professor	50.0	Highest	$576,432	$48,993	$625,425
Michael Lipton	Professor	50.0	Highest	$515,043	$48,923	$563,966
Michael B Prystowsky MD	Professor	50.0	Highest	$504,164	$46,050	$550,214
ALLAN W WOLKOFF	PROFESSOR	50.0	Highest	$480,383	$48,380	$528,763

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
2018	$353,158,371	$435,361,688	$994,292,145	$-82,203,317

ALBERT EINSTEIN COLLEGE OF MEDICINE INC