MEMORIAL SLOAN-KETTERING CANCER CENTER

EIN: 912154267 501(c)(3) Health Care

NEW YORK, NY

Total Revenue
$7,462,624,000
Total Expenses
$7,188,709,398
Total Assets
$14,659,485,000
Net Assets
$9,237,367,000
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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

Phone
6462273092
Tax Period
2023-01-01 to 2023-12-31

MEMORIAL SLOAN-KETTERING CANCER CENTER is a large national nonprofit in the Health Care sector that reported $7.5B in total revenue in fiscal year 2023. Expenses of $7.2B left a modest 4% surplus.

Mission

LEADERSHIP IN THE PREVENTION, TREATMENT, AND CURE OF CANCER THROUGH EXCELLENCE, VISION AND COST EFFECTIVENESS IN PATIENT CARE, OUTREACH PROGRAMS, RESEARCH, AND 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $730,582,000
Program Service Revenue $6,306,939,000
Investment Income $306,904,066
Other Revenue $118,198,934
TOTAL REVENUE $7,462,624,000

Expense Breakdown

Grants Paid $27,561,322
Salaries & Benefits $3,711,817,811
Fundraising Expenses $79,820,612
Program Expenses $7,079,800,094
Other Expenses $3,449,330,265
TOTAL EXPENSES $7,188,709,398

Year-over-Year Comparison

2023 2022 Change
Revenue $7,462,624,000 $7,251,947,000 +0.0%
Expenses $7,188,709,398 $6,852,007,000 +0.0%
Net Income $273,914,602 $399,940,000 -0.3%
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

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Governance

Voting Members
111
Independent Members
102
Employees
25365
Volunteers
370

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
27
$38,727,956
Total Directors
39
$18,732,541
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A SVP & CHIEF RISK OFFICER 50.0
Officer Director
$1,136,118 $46,654 $1,182,772
N/A SEE SCHEDULE O 11.0
Officer Director
$0 $0 $0
N/A SEE SCHEDULE O 12.0
Officer Director
$0 $0 $0
N/A SEE SCHEDULE O 6.0
Officer Director
$0 $0 $0
N/A CHIEF OPERATING OFFICER (UNTIL 3/23) 50.0
Officer Director
$4,698,854 $63,637 $4,762,491
N/A SEE SCHEDULE O 16.0
Officer Director
$0 $0 $0
N/A SEE SCHEDULE O 14.0
Officer Director
$0 $0 $0
N/A VP, FINANCE (UNTIL 2/23) 50.0
Officer Director
$1,766,755 $15,004 $1,781,759
N/A EVP & CHIEF FINANCIAL OFFICER 50.0
Officer Director
$2,334,269 $64,501 $2,398,770
N/A SEE SCHEDULE O 16.0
Officer Director
$0 $0 $0
N/A BOARD MEMBER, PRESIDENT AND CHIEF EXECUTIVE 50.0
Officer Director
$5,489,537 $297,622 $5,787,159
N/A SEE SCHEDULE O 11.0
Director
$0 $0 $0
N/A SEE SCHEDULE O 6.0
Director
$0 $0 $0
N/A SEE SCHEDULE O 6.0
Director
$0 $0 $0
N/A SEE SCHEDULE O 6.0
Director
$0 $0 $0
N/A SEE SCHEDULE O 6.0
Director
$0 $0 $0
N/A SEE SCHEDULE O 8.0
Director
$0 $0 $0
N/A SEE SCHEDULE O 8.0
Director
$0 $0 $0
N/A SEE SCHEDULE O 2.0
Director
$0 $0 $0
N/A SEE SCHEDULE O 6.0
Director
$0 $0 $0
N/A SEE SCHEDULE O 6.0
Director
$0 $0 $0
N/A SEE SCHEDULE O 11.0
Director
$0 $0 $0
N/A SEE SCHEDULE O 6.0
Director
$0 $0 $0
N/A SEE SCHEDULE O 2.0
Director
$0 $0 $0
N/A SEE SCHEDULE O 6.0
Director
$0 $0 $0
N/A SVP, PARTNERSHIP OPERATIONS (UNTIL 10/23) 50.0
Director
$804,288 $77,441 $881,729
N/A SEE SCHEDULE O 6.0
Director
$0 $0 $0
N/A SEE SCHEDULE O 6.0
Director
$0 $0 $0
N/A SEE SCHEDULE O 6.0
Director
$0 $0 $0
N/A SEE SCHEDULE O 13.0
Director
$0 $0 $0
N/A SEE SCHEDULE O 6.0
Director
$0 $0 $0
N/A SEE SCHEDULE O 6.0
Director
$0 $0 $0
N/A CHAIRMAN ATTENDING 50.0
Director
$1,872,269 $65,592 $1,937,861
N/A SEE SCHEDULE O 6.0
Director
$0 $0 $0
N/A SEE SCHEDULE O 8.0
Director
$0 $0 $0
N/A SEE SCHEDULE O 6.0
Director
$0 $0 $0
N/A SEE SCHEDULE O 6.0
Director
$0 $0 $0
N/A SEE SCHEDULE O 6.0
Director
$0 $0 $0
N/A SEE SCHEDULE O 6.0
Director
$0 $0 $0
N/A SVP OF FACILITIES MANAGEMENT & REAL ESTATE DEVELOPMENT (UNTIL 10/23) 50.0
Officer
$1,063,117 $30,628 $1,093,745
N/A EVP, CHIEF STRATEGY OFFICER (EFF 5/23) 50.0
Officer
$544,669 $35,845 $580,514
N/A VP, DEPUTY GENERAL COUNSEL & CORPORATE SECRETARY 50.0
Officer
$565,599 $65,538 $631,137
N/A EVP, CHIEF MARKETING & COMMUNICATION OFFICER 50.0
Officer
$985,689 $45,086 $1,030,775
N/A EVP HOSPITAL ADMINISTRATION (UNTIL 2/23) 50.0
Officer
$1,112,947 $65,249 $1,178,196
N/A SVP & CHIEF INVESTMENT OFFICER 50.0
Officer
$3,498,969 $82,476 $3,581,445
N/A CHIEF SCIENTIFIC OFFICER 50.0
Officer
$1,890,877 $75,780 $1,966,657
N/A EVP & GENERAL COUNSEL 50.0
Officer
$1,508,282 $82,296 $1,590,578
N/A SVP, CHIEF DEVELOPMENT OFFICER 50.0
Officer
$1,921,418 $70,484 $1,991,902
N/A SR VP/CHIEF HUMAN RESOURCES OFCR (UNTIL 3/23) 50.0
Officer
$1,702,273 $79,897 $1,782,170
N/A EVP, CHIEF ADMINISTRATIVE OFFICER (EFF 3/23) 50.0
Officer
$616,975 $57,205 $674,180
N/A CHIEF PHYSICIAN EXECUTIVE 50.0
Officer
$2,134,180 $76,428 $2,210,608
N/A EVP, CHIEF DIGITAL OFFICER 50.0
Officer
$1,589,476 $71,898 $1,661,374
N/A HOSPITAL PRESIDENT (EFF 9/23) 50.0
Officer
$853,032 $26,400 $879,432
N/A EVP, INTERIM CHIEF HUMAN RESOURCES OFFICER (EFF 3/23) 50.0
Officer
$898,519 $71,031 $969,550
N/A Senior Vice President & Chief Nursing Executive 50.0
Officer
$952,138 $40,604 $992,742
N/A CHIEF ATTENDING 50.0
Highest
$2,574,038 $81,968 $2,656,006
N/A CHAIRMAN ATTENDING 50.0
Highest
$2,932,925 $77,726 $3,010,651
N/A ASSISTANT ATTENDING 50.0
Highest
$2,101,218 $65,486 $2,166,704
N/A ASSISTANT ATTENDING 50.0
Highest
$2,260,541 $59,601 $2,320,142
N/A ASSOCIATE ATTENDING 50.0
Highest
$2,082,394 $76,026 $2,158,420
N/A FORMER PRESIDENT & CEO 50.0
$2,021,713 $70,070 $2,091,783
N/A Former Officer 0.0
$1,077,404 $0 $1,077,404
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 $7,462,624,000 $7,188,709,398 $14,659,485,000 $273,914,602
2022 $7,251,947,000 $6,852,007,000 $13,998,385,000 $399,940,000
2021 $6,930,810,000 $6,144,357,000 $14,941,252,000 $786,453,000
2020 $5,383,849,774 $5,799,378,774 $13,315,250,000 $-415,529,000
2019 $5,561,914,000 $5,259,261,000 $11,621,453,000 $302,653,000
2018 $5,118,490,000 $4,659,570,111 $10,620,542,000 $458,919,889
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