Montefiore Einstein Advanced Care

EIN: 863090734 501(c)(3) Health Care

TARRYTOWN, NY

Total Revenue
$49,590,479
Total Expenses
$67,948,982
Total Assets
$35,903,185
Net Assets
$-27,355,508
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
NY
Phone
9143498400
Tax Period
2023-01-01 to 2023-12-31

Montefiore Einstein Advanced Care, founded in 2021, is a mid-sized nonprofit in the Health Care sector that reported $49.6M in total revenue in fiscal year 2023. Revenue surged 62% from the prior year, signaling strong growth momentum. Expenses of $67.9M exceeded revenue, resulting in a 37% operating deficit.

Mission

TO DELIVER ACADEMIC QUALITY SPECIALTY AND SUBSPECIALTY PATIENT-FOCUSED CARE IN LOWER WESTCHESTER COUNTY AND THE HUDSON VALLEY IN SUPPORT OF MONTEFIORE HEALTH SYSTEM.

Program Service Accomplishments

Program 1
Expenses: $64,448,471 Revenue: $49,590,479

WITH THE OPENING OF MONTEFIORE EINSTEIN ADVANCED CARE WE ARE BRINGING ADVANCED DIAGNOSTIC AND INNOVATIVE TREATMENT TO WESTCHESTER COUNTY, NEW YORK. OUR GLOBALLY AND LOCALLY RENOWNED PHYSICIANS AND...

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WITH THE OPENING OF MONTEFIORE EINSTEIN ADVANCED CARE WE ARE BRINGING ADVANCED DIAGNOSTIC AND INNOVATIVE TREATMENT TO WESTCHESTER COUNTY, NEW YORK. OUR GLOBALLY AND LOCALLY RENOWNED PHYSICIANS AND SPECIALIST TEAMS ARE PROVIDING CENTRALIZED COMPREHENSIVE CARE IN MORE THAN A DOZEN SPECIALTIES AT MONTEFIORE'S NEWEST STATE OF THE ART FACILITY. THIS FACILITY WILL OFFER PATIENTS ACCESS TO A PREMIER MULTI-SPECIALTY PRACTICE CLOSER TO WHERE THEY LIVE AND WORK AND ALLOW THEM TO SEE MULTIPLE SPECIALISTS IN ONE CONVENIENT LOCATION.

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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 $0
Program Service Revenue $47,934,211
Investment Income $0
Other Revenue $1,656,268
TOTAL REVENUE $49,590,479

Expense Breakdown

Grants Paid $0
Salaries & Benefits $40,670,504
Fundraising Expenses $0
Program Expenses $64,448,471
Other Expenses $27,278,478
TOTAL EXPENSES $67,948,982

Year-over-Year Comparison

2023 2022 Change
Revenue $49,590,479 $30,523,304 +0.6%
Expenses $67,948,982 $39,273,010 +0.7%
Net Income $-18,358,503 $-8,749,706 +1.1%
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

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Governance

Voting Members
3
Independent Members
N/A
Employees
257
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
4
$6,174,511
Total Directors
4
$6,174,511
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A PRESIDENT 5.0
Officer Director
$0 $46,952 $2,267,158
N/A SECRETARY 2.0
Officer Director
$0 $46,882 $1,872,945
N/A TREASURER (SEPARATED 1/6/2023) 2.0
Officer Director
$0 $1,092 $14,922
N/A TREASURER (APPOINTED 1/7/2023) 2.0
Officer Director
$0 $373,067 $2,019,486
N/A DIRECTOR OF OPERATIONS 40.0
Highest
$194,796 $22,295 $217,091
N/A CLINICAL MANAGER PHYS ASST SVC 40.0
Highest
$132,690 $19,730 $152,420
N/A CLINICAL MANAGER 40.0
Highest
$132,744 $27,128 $159,872
N/A DIRECTOR REVENUE CYCLE 40.0
Highest
$173,399 $50,488 $223,887
N/A PRACTICE MANAGER 40.0
Highest
$132,729 $22,054 $154,783
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 $49,590,479 $67,948,982 $35,903,185 $-18,358,503
2022 $30,523,304 $39,273,010 $243,795 $-8,749,706
2021 No data $247,299 $2,000 No data
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