Albany Med Health System
77% goes to programs $1 to raise $100
Albany Med Health System is a 501(c)(3) organization based in Glens Falls, New York, registered in 2014, with $346,451,670 in FY2020 revenue. CharityIndex grades it A, and it directs about 77% of spending to programs.
100 Park St, Glens Falls, NY, 12801 EIN 14-1338413 Since 2014
Revenue (FY2020)
$346.5M
▼ 0.4% vs prior year
Health median: $840K
Expenses (FY2020)
$347.3M
Net assets
$150.0M
Employees
2,752
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
B+Program efficiency40% of the rating77% to programs · $1 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: 77% to programs · $1 to raise $100 earns a B+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating5 mo reserves · -0% 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: 5 mo reserves · -0% 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 →
BTransparency10% of the rating3 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: 3 of 5 disclosure signals earns a B on this criterion. See the exact thresholds →
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Mission
See schedule o.
Contact & location
- Address
- 100 Park St, Glens Falls, NY, 12801
- City
- Glens Falls
- State
- New York
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $308.0M (FY2013) to $346.5M (FY2020) across 8 reported years.
Financial snapshot
Financial health & position (FY2020)
Liabilities $206.1MNet assets $150.0M
Operating margin
-0.3%
Spent more than it raised in the latest fiscal year.
Total assets
$356.1M
Total liabilities
$206.1M
Net assets
$150.0M
Salaries & benefits
$173.4M
50% of expenses
Board members
18
14 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2020 | $346,451,670▼0.4% | $347,327,868▼1.1% | $149,956,261▲41.4% | $356,058,419▲34.0% | 990 |
| 2019 | $347,789,681▼5.6% | $351,185,004▼1.5% | $106,036,985▲2.0% | $265,741,933▼2.2% | 990 |
| 2018 | $368,243,313▲16.7% | $356,566,101▲2.0% | $103,914,770▼1.7% | $271,762,967▼9.9% | 990 |
| 2017 | $315,484,733▼6.8% | $349,672,381▲4.2% | $105,686,063▼20.8% | $301,638,017▲4.7% | 990 |
| 2016 | $338,551,865▲2.2% | $335,648,863▲1.1% | $133,441,631▲3.0% | $288,027,569▲5.7% | 990 |
| 2015 | $331,422,521▲6.6% | $332,073,947▲8.9% | $129,535,006▼1.3% | $272,462,584▲4.4% | 990 |
| 2014 | $310,948,345▲0.9% | $304,922,807▼0.5% | $131,277,974▲5.6% | $260,963,700▲4.0% | 990 |
| 2013 | $308,044,758 | $306,582,946 | $124,345,859▲6.7% | $250,993,804▲8.1% | 990 |
| 2012 | — | $306,609,868▲4.6% | $116,551,315▲9.0% | $232,155,570▲0.6% | 990 |
| 2011 | — | $293,239,172▲1.1% | $106,907,633▲7.3% | $230,743,141▲4.7% | 990 |
| 2010 | — | $290,070,176 | $99,635,538 | $220,461,236 | 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 (FY2020)
Highest-paid: Dianne Shugrue — $3,797,476 (1.09% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Dianne Shugrue | President & Ceo | 40 | $3,797,476 |
| Adam Brod Md | Orthopedic Physician | 40 | $732,566 |
| John Stoutenburg Md | Oncology Physician | 40 | $619,386 |
| Matthew Dickson | Ent Physician | 40 | $609,661 |
| Andre Johnson Md | Orthopedic Physician | 40 | $607,465 |
| Michael Lieberth Md | Surgical Physician | 40 | $594,443 |
| Sean Bain Md | Board Member | 40 | $401,783 |
| Paul Scimeca | Coo | 40 | $382,676 |
| Howard Fritz Md | Cmo | 40 | $371,110 |
| Mitch Amado | Cfo | 40 | $370,840 |
| Patti Hammond | Vp Physician Practices | 40 | $291,017 |
| Donna Kirker | Cno | 40 | $278,458 |
| Geoffrey Serfilippi Md | Board Member | 40 | $161,574 |
| Carl Cedrone | Board Member | 1 | — |
| Courtney Haskins | Board Member | 1 | — |
| David Westfall Md | Board Member | 1 | — |
| Gary R Hicks | Board Member | 1 | — |
| George Ferone | Secretary | 1 | — |
| Gregory Champion | Board Member | 1 | — |
| Kate Herlihy Schwenker | Board Member | 1 | — |
Top vendors & contractors (FY2020)
| Contractor | Services | Paid |
|---|---|---|
| Hudson Headwaters Health Network | Medical Services | $6,058,229 |
| Kaufman Hall & Associates | Consultants | $2,326,439 |
| Medical Anesthesia Specialists of Ny PC | Anesthesia Services | $1,847,614 |
| Comphealth | Contract Labor | $1,568,237 |
| Revmd Partners | Collection Services | $1,088,502 |
Grants received · $206K total
10 grants to Albany Med Health System totaling $206K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $5,000 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2023 | $5,000 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2022 | $10,000 |
| Capital District Physicians Health Plan Inc | Ppe, food, housing and emergency aid assistance | 2020 | $100,000 |
| National Philanthropic Tr | Health | 2020 | $50,000 |
| Gs Donor Advised Philanthropy Fund For Wealth Management Inc | Medical / public services | 2020 | $20,000 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2020 | $5,000 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2018 | $5,000 |
| Donor Advised Charitable Giving | Health & human services | 2017 | $5,500 |
| Morgan Stanley Global Impact Funding Trust Inc | General support | 2016 | $500 |
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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 14-1338413, based in Glens Falls, New York. Donations are tax-deductible.
- What is Albany Med Health System's EIN?
- Albany Med Health System's Employer Identification Number (EIN) is 14-1338413.
- How much revenue does Albany Med Health System report?
- Albany Med Health System reported $346,451,670 in total revenue on its fiscal year 2020 IRS Form 990 filing.
- How much of Albany Med Health System's spending goes to programs?
- Albany Med Health System spends about 77% 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 $3,797,476, paid to Dianne Shugrue (President & Ceo).
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Data for Albany Med Health System (EIN 14-1338413) 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.