Albany Med Health System
100% goes to programs $0 to raise $100 Growing revenue
Albany Med Health System is a 501(c)(3) organization based in Albany, New York, registered in 2014, with $316,046,827 in FY2024 revenue. CharityIndex grades it B+, and it directs about 100% of spending to programs.
47 New Scotland Ave Mc116, Albany, NY, 12208 EIN 14-1641730 Since 2014
Revenue (FY2024)
$316.0M
▲ 8.0% vs prior year
Health median: $840K
Expenses (FY2024)
$312.5M
Net assets
$40.9M
Employees
1,871
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B+
C+Program efficiency40% of the rating100% 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: 100% to programs · $0 to raise $100 earns a C+ on this criterion. See the exact thresholds →
BFinancial health25% of the rating2 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: 2 mo reserves · +1% margin earns a B 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 →
A+Transparency10% of the rating5 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: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
An academic health sciences system 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
Other administrative support services: the albany med health system coordinates planning, financial, information and policy direction for our affiliated exempt organizations.
Pharmacy services: the pharmacy earns revenue and incurs expenses for filling scripts, specialty, non-specialty and non-340b eligible, primarily for amc patients and employees.
Building operations: cost of maintenance and repairs to buildings for use by albany med health system.financial management: centralized corporate finance related operations for the albany med health system.materials management: centralized supply related operations for the albany med health system.
Contact & location
- Address
- 47 New Scotland Ave Mc116, Albany, NY, 12208
- City
- Albany
- State
- New York
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $136.7M (FY2013) to $316.0M (FY2024) across 11 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $472.9MNet assets $40.9M
Operating margin
1.1%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$513.8M
Total liabilities
$472.9M
Net assets
$40.9M
Salaries & benefits
$139.8M
45% of expenses
Board members
32
30 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $316,046,827▲8.0% | $312,456,150▲8.3% | $40,896,609▲11.4% | $513,823,090▲15.5% | 990 |
| 2023 | $292,550,462▲17.2% | $288,618,555▲17.5% | $36,722,345▲9.1% | $444,898,708▲27.2% | 990 |
| 2022 | $249,647,567▲12.1% | $245,717,189▲11.8% | $33,665,501▲49.4% | $349,891,864▲11.9% | 990 |
| 2021 | $222,722,582▲10.4% | $219,785,477▲10.8% | $22,526,594▲42.1% | $312,546,209▲15.5% | 990 |
| 2019 | $201,756,350▲7.6% | $198,436,940▲7.1% | $15,855,801▲11.1% | $270,593,360▲9.0% | 990 |
| 2018 | $187,434,246▲7.7% | $185,241,175▲6.5% | $14,269,599▲9.8% | $248,266,243▼2.2% | 990 |
| 2017 | $174,091,290▲5.8% | $173,890,742▲7.6% | $12,999,074▲11.6% | $253,790,849▼5.6% | 990 |
| 2016 | $164,572,841▲13.0% | $161,629,130▲12.1% | $11,643,173▲37.4% | $268,940,647▲2.4% | 990 |
| 2015 | $145,581,737▲6.2% | $144,188,288▲5.9% | $8,476,983▼7.0% | $262,605,840▲25.8% | 990 |
| 2014 | $137,057,114▲0.3% | $136,122,361▲0.1% | $9,111,508▼33.5% | $208,727,189▲8.0% | 990 |
| 2013 | $136,669,078 | $135,977,364▲10.7% | $13,705,618▲101% | $193,334,169▲2.6% | 990 |
| 2012 | — | $122,838,675▲7.0% | $6,805,672▲189% | $188,520,979▲14.0% | 990 |
| 2011 | — | $114,825,632▲11.6% | $2,356,866▲299% | $165,336,895▲6.3% | 990 |
| 2010 | — | $102,893,711 | -$1,185,262 | $155,589,303 | 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 (FY2024)
Highest-paid: Dennis P Mckenna Md — $2,094,344 (0.67% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Dennis P Mckenna Md | President & Ceo | 8 | $2,094,344 |
| Frances S Albert | Sr.evp, Coo & Cfo | 6 | $1,306,913 |
| Matthew C Jones | Evp & General Counsel | 26 | $843,013 |
| Kristopher P Kusche | Svp & Cio | 40 | $677,491 |
| Victor Becker | Svp & Chio | 40 | $605,363 |
| Sandra J Castilla | Vp Human Resources | 40 | $458,855 |
| Michele Skumurski | Svp Finance | 40 | $400,324 |
| Shelly A Breton | Vp Revenue Cycle Services | 40 | $400,076 |
| Alan S Boulos Md | Evp & Dean Alb Med Col | 1 | — |
| Anthony Durante | Board Member | 2 | — |
| Candace King Weir | Board Member | 2 | — |
| Carol Kim Phd | Board Member | 2 | — |
| Carolyn Stefanco Phd | Board Member | 2 | — |
| Daniel T Pickett III | Board Member | 2 | — |
| David Golub | Board Member (until 3/6/2024) | 2 | — |
| Douglas M Hamlin | Board Member | 2 | — |
| Elizabeth Wood | Board Member | 2 | — |
| Glenda Kelman | Board Member | 2 | — |
| Heather Ward | Board Member | 2 | — |
| James Cullum | Board Member | 2 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Healthtrust Workforce Solutions | Staffing Solutions | $71,843,011 |
| Epic Systems Corporation | It Support Services | $22,769,948 |
| Aramark Healthcare | Environmental Services | $20,845,961 |
| Shields Health Solutions | Medical Services | $15,566,594 |
| Laboratory Corporation of America | Diagnostic Testing Services | $9,937,803 |
Grants received · $3.4M total
21 grants to Albany Med Health System totaling $3.4M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Albany Medical Center Group Organization | Equipment/technology | 2024 | $28,314 |
| Albany Medical Center Group Organization | Equipment/technology | 2023 | $302,600 |
| Albany Medical Center Group Organization | Equipment/technology | 2022 | $1,228,940 |
| Thomas Jefferson University | Program support | 2022 | $104,549 |
| Albany Medical Center Group Organization | Equipment/technology | 2021 | $588,600 |
| Thomas Jefferson University | Program support | 2021 | $182,893 |
| Worcester Polytechnic Institute | Research | 2021 | $162,409 |
| Thomas Jefferson University | Program support | 2020 | $190,274 |
| Worcester Polytechnic Institute | Research | 2020 | $150,005 |
| Silicon Valley Community Foundation | Health | 2020 | $20,000 |
| Collier Community Foundation Inc | 2021 gala support | 2020 | $2,500 |
| Collier Community Foundation Inc | 2021 gala support | 2020 | $2,500 |
| Worcester Polytechnic Institute | Research | 2019 | $117,630 |
| Albany Medical Center Group Organization | Equipment/technology | 2019 | $72,164 |
| Thomas Jefferson University | Program support | 2019 | $68,694 |
Grants made · $370K in FY2017
1 grant totaling $370K in FY2017. All grants made by Albany Med Health System →
| Recipient | Purpose | Amount |
|---|---|---|
| Greater New York Hospital Foundation Inc | Puerto rico hurricane relief fund | $370,000 |
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Compare Albany Med Health System
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 14-1641730, 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 14-1641730.
- How much revenue does Albany Med Health System report?
- Albany Med Health System reported $316,046,827 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Albany Med Health System's spending goes to programs?
- Albany Med Health System spends about 100% 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 B+, 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 $2,094,344, paid to Dennis P Mckenna Md (President & Ceo).
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Data for Albany Med Health System (EIN 14-1641730) 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.