Albany Med Health System
88% goes to programs $0 to raise $100 Strong reserves
Albany Med Health System is a 501(c)(3) organization based in Albany, New York, registered in 2014, with $290,735,439 in FY2013 revenue. CharityIndex grades it A, and it directs about 88% of spending to programs.
47 New Scotland Avenue Mc116, Albany, NY, 12208 EIN 14-1338310 Since 2014
Revenue (FY2013)
$290.7M
Health median: $840K
Expenses (FY2013)
$287.3M
Net assets
$146.7M
Employees
2,066
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating88% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Albany Med Health System: 88% to programs · $0 to raise $100 earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating6 mo reserves · +1% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Albany Med Health System: 6 mo reserves · +1% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Albany Med Health System: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Albany Med Health System: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
An academic health sciences center whose responsibilities are to provide a broad range of patient services to the people of eastern new york and western new england.
What they do
Instruction - as an educational institution, the main function is to teach approximately 750 students.
Research - a medical college undertakes numerous research projects during the course of the year. this includes all expenditures for activities specifically organized to provide research outcomes.
Contact & location
- Address
- 47 New Scotland Avenue Mc116, Albany, NY, 12208
- City
- Albany
- State
- New York
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Financial snapshot
Financial health & position (FY2013)
Liabilities $144.9MNet assets $146.7M
Operating margin
1.2%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$291.5M
Total liabilities
$144.9M
Net assets
$146.7M
Salaries & benefits
$185.4M
65% of expenses
Board members
25
23 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2013 | $290,735,439 | $287,275,988▲5.7% | $146,652,742▲43.8% | $291,527,878▲19.2% | 990 |
| 2012 | — | $271,705,777▲9.3% | $102,005,788▲3.6% | $244,511,159▲12.8% | 990 |
| 2011 | — | $248,545,588▲9.1% | $98,435,455▼0.4% | $216,718,045▲4.8% | 990 |
| 2010 | — | $227,866,013 | $98,843,925 | $206,882,340 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2013)
Highest-paid: Edward V Bennett Jr — $816,072 (0.28% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Edward V Bennett Jr | Professor | 40 | $816,072 |
| Darryl J Dirisio | Assoc Professor | 40 | $807,702 |
| Alan S Boulos | Assoc Professor | 40 | $761,740 |
| James P Lawrence | Asst Professor | 40 | $687,654 |
| Vincent Verdile Md | Exec Vp & Dean | 29 | $672,758 |
| Steven M Parnes Md | Board Member | 42 | $600,339 |
| Ferdinand J Venditti Jr | Vice Dean | 40 | $590,178 |
| Candace King Weir | Board Member | 2 | — |
| Daniel T Pickett III | Board Member | 2 | — |
| David Golub | Board Member | 2 | — |
| Doug Hamlin | Vice Chair | 2 | — |
| Gary J Kochem | Exec Vp & Coo | 7 | — |
| James J Barba | President & Ceo | 7 | — |
| James O Jackson Phd | Mbr Thru 6/2013 | 2 | — |
| Janice Smith | Board Member | 2 | — |
| Jeffrey Sperry | Board Member | 2 | — |
| Jeffrey Stone | Vice Chair | 2 | — |
| John B O'connor | Board Member | 2 | — |
| John B Robinson Jr | Board Member | 2 | — |
| John J Nigro | Board Member | 2 | — |
Grants received · $103.6M total
162 grants to Albany Med Health System totaling $103.6M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Albany Medical Center Group Organization | Fund scholarships and research | 2024 | $8,997,015 |
| Cystic Fibrosis Foundation | Cf care center | 2024 | $202,590 |
| American Heart Association Inc | Research | 2024 | $69,548 |
| Public Health Institute | Research | 2024 | $28,200 |
| Public Health Institute | Research | 2024 | $9,000 |
| Charities Aid Foundation America | Charitable donation | 2024 | $6,500 |
| Albany Medical Center Group Organization | Fund scholarships and research | 2023 | $8,803,054 |
| Rensselaer Polytechnic Institute | Research subcontract | 2023 | $520,097 |
| Trustees of Columbia University | Research | 2023 | $389,929 |
| University of Pittsburgh | Research- subcontract | 2023 | $350,101 |
| American Heart Association Inc | Research | 2023 | $231,000 |
| Cystic Fibrosis Foundation | Cf care center | 2023 | $182,845 |
| Cystic Fibrosis Foundation | Clinical research center | 2023 | $98,560 |
| Public Health Institute | Research | 2023 | $32,600 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $20,600 |
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Frequently asked questions
- Is Albany Med Health System a legitimate nonprofit?
- Yes. Albany Med Health System is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 14-1338310, based in Albany, New York. Donations are tax-deductible.
- What is Albany Med Health System's EIN?
- Albany Med Health System's Employer Identification Number (EIN) is 14-1338310.
- How much revenue does Albany Med Health System report?
- Albany Med Health System reported $290,735,439 in total revenue on its fiscal year 2013 IRS Form 990 filing.
- How much of Albany Med Health System's spending goes to programs?
- Albany Med Health System spends about 88% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Albany Med Health System have?
- CharityIndex grades Albany Med Health System A, based on program efficiency and fundraising cost.
- How much does Albany Med Health System's highest-paid employee make?
- The highest reported compensation on Albany Med Health System's latest Form 990 is $816,072, paid to Edward V Bennett Jr (Professor).
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Data for Albany Med Health System (EIN 14-1338310) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.