MOUNT SINAI MEDICAL CENTER FOUNDATION (EIN 591711400) - 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

1976

Legal Domicile

Principal Officer

GINO SANTORIO

Phone

3056742777

Tax Period

2023-01-01 to 2023-12-31

MOUNT SINAI MEDICAL CENTER FOUNDATION, founded in 1976, is a mid-sized nonprofit in the Health Care sector that reported $83.4M in total revenue in fiscal year 2023. Revenue surged 75% from the prior year, signaling strong growth momentum. The organization ran a surplus of $55.1M, a strong 66% operating margin.

Mission

TO RAISE FUNDS TO SUPPORT MOUNT SINAI MEDICAL CENTER OF FLORIDA, INC., A NOT-FOR-PROFIT ACUTE CARE TEACHING AND RESEARCH FACILITY, SO THAT IT MAY PROVIDE HIGH QUALITY HEALTH CARE TO OUR DIVERSE COMMUNITY ENHANCED THROUGH TEACHING, RESEARCH, CHARITY CARE AND FINANCIAL RESPONSIBILITY.

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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 $75,489,192

Program Service Revenue $0

Investment Income $7,929,371

Other Revenue $0

TOTAL REVENUE $83,418,563

Expense Breakdown

Grants Paid $16,545,137

Salaries & Benefits $2,405,160

Fundraising Expenses $722,933

Program Expenses $25,694,920

Other Expenses $9,332,990

TOTAL EXPENSES $28,283,287

Year-over-Year Comparison

	2023	2022	Change
Revenue	$83,418,563	$47,747,589	+0.7%
Expenses	$28,283,287	$15,672,927	+0.8%
Net Income	$55,135,276	$32,074,662	+0.7%

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

Volunteers

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

$990,782

Total Directors

$2,925,203

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GINO SANTORIO	DIRECTOR, PRESIDENT/CEO MSMC	0.50	Director	$0	$74,144	$1,934,421
STEVEN D SONENREICH	FORMER DIRECTOR	0.00		$0	$0	$1,084,684
MICHAEL MILBERG	CHIEF DEV. OFF./DIRECTOR (END 3/23)	60.00	Officer Director	$525,562	$13,906	$539,468
MAX SKLAR	VICE PRESIDENT	60.00	Officer Director	$435,262	$16,052	$451,314
MICHAEL MOWATT	AVP OF DEVELOPMENT	60.00	Highest	$174,601	$34,183	$208,784
DENA WILLMAN	AVP OF DEVELOPMENT	60.00	Highest	$170,958	$37,485	$208,443
MIA OLSEN GLASSBERG	AVP OF DEVELOPMENT	60.00	Highest	$136,103	$20,924	$157,027
IAN BEHAR	DIRECTOR (AS OF 1/23)	0.50	Director	$0	$0	$0
KATE BLOOM	DIRECTOR (AS OF 1/23)	0.50	Director	$0	$0	$0
BARRY BRODSKY	DIRECTOR	0.50	Director	$0	$0	$0
DAVID DEUTCH	DIRECTOR	0.50	Director	$0	$0	$0
BETH DOZORETZ	DIRECTOR (AS OF 1/23)	0.50	Director	$0	$0	$0
MICK DUCHON	DIRECTOR	0.50	Director	$0	$0	$0
NORMAN S EDELCUP	DIRECTOR	0.50	Director	$0	$0	$0
LISA GERSH	DIRECTOR (AS OF 1/23)	0.50	Director	$0	$0	$0
BARTON S GOLDBERG	DIRECTOR	0.50	Director	$0	$0	$0
MICHAEL S GOLDBERG	DIRECTOR	0.50	Director	$0	$0	$0
JAY GOLDMAN	DIRECTOR	0.50	Director	$0	$0	$0
MARK H HILDEBRANDT	DIRECTOR	0.50	Director	$0	$0	$0
JEFFREY B KINDLER	DIRECTOR (AS OF 1/23)	0.50	Director	$0	$0	$0
R LEE KRELSTEIN	DIRECTOR (AS OF 1/23)	0.50	Director	$0	$0	$0
MARICRUZ LATNER	DIRECTOR	0.50	Director	$0	$0	$0
CAROLINE BIERBAUM LEFRAK	DIRECTOR (END 1/23)	0.50	Director	$0	$0	$0
JORDAN LEVY	DIRECTOR	0.50	Director	$0	$0	$0
JASON LOEB	DIRECTOR	0.50	Director	$0	$0	$0
ROBERT MITZMAN	DIRECTOR	0.50	Director	$0	$0	$0
STANLEY O'NEAL	DIRECTOR	0.50	Director	$0	$0	$0
JAY PARKER	DIRECTOR	0.50	Director	$0	$0	$0
MARK REVITZ	DIRECTOR	0.50	Director	$0	$0	$0
MARC ROBERTS	DIRECTOR (AS OF 1/23)	0.50	Director	$0	$0	$0
ADAM ROSENFELD	DIRECTOR	0.50	Director	$0	$0	$0
MELISSA RUBIN	DIRECTOR	0.50	Director	$0	$0	$0
IRA SAFERSTEIN	DIRECTOR	0.50	Director	$0	$0	$0
BARRY SKOLNICK	CHAIRMAN/DIRECTOR	0.50	Director	$0	$0	$0
STEPHEN TEMES	DIRECTOR	0.50	Director	$0	$0	$0
JOSHUA WALLACK	DIRECTOR (AS OF 1/23)	0.50	Director	$0	$0	$0
PERRY WEITZ	DIRECTOR (AS OF 1/23)	0.50	Director	$0	$0	$0
DR ANTONIO FERNANDEZ	PRESIDENT (AS OF 1/23)	0.50	Officer Director	$0	$0	$0
SHEILA HOLLO	SECRETARY/DIRECTOR	0.50	Officer Director	$0	$0	$0
PAMELA LIEBMAN	VICE PRESIDENT/DIRECTOR (AS OF 1/23)	0.50	Officer Director	$0	$0	$0

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	$83,418,563	$28,283,287	$492,637,947	$55,135,276
2022	$47,747,589	$15,672,927	$397,671,758	$32,074,662
2021	$56,255,268	$14,765,597	$381,873,831	$41,489,671
2020	$31,867,759	$15,213,536	$325,314,693	$16,654,223
2019	$29,097,512	$11,562,655	$290,628,943	$17,534,857
2018	$49,096,353	$41,979,938	$257,967,505	$7,116,415

MOUNT SINAI MEDICAL CENTER FOUNDATION