Albany Medical Center Group Organization
501(c)(3) Donations tax-deductible
87% goes to programs $8 to raise $100 Growing revenue
Albany Medical Center Group Organization is a 501(c)(3) organization based in Albany, New York, registered in 2014, with $3,278,662,634 in FY2024 revenue. CharityIndex grades it A, and it directs about 87% of spending to programs.
47 New Scotland Ave Mc116, Albany, NY, 12208 EIN 47-3869194 Since 2014
Revenue (FY2024)
$3.3B
▲ 7.7% vs prior year
Expenses (FY2024)
$3.2B
Net assets
$1.4B
Employees
19,199
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 rating87% to programs · $8 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 Medical Center Group Organization: 87% to programs · $8 to raise $100 earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating5 mo reserves · +2% 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 Medical Center Group Organization: 5 mo reserves · +2% 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 Medical Center Group Organization: 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 Medical Center Group Organization: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
See schedule o.
What they do
Faculty practice - faculty practice albany medical center operates a clinical practice activity (patient care) for the faculty of the albany medical college. 2024 experienced over 712,000 patient visits.
Diagnostic and testing services - inpatient and outpatient services including diagnostic imaging, radiation therapy and cardiac catheterization. in 2024 professional services totaled 218,648 patient visits.
Albany medical center hospital and affiliates:operating and recovery room: inpatient and outpatient operating room services including open heart program, transplant services and specialized trauma services. approximately 29,107 total cases performed with 11,641 inpatient and same day, and 17,466 outpatient.other patient care based services: totaled approximately $115 million in expenditures. the group organization receives general expense reimbursements for related patient care services.laboratory services (adult & peds): inpatient and outpatient services including clinical chemistry, blood bank, hematology, serology and microbiology.the organization has certain other exempt function revenues which total approximately $5 million.instruction: as an educational institution, the main function is to teach approximately 800 students.research: as a medical college, the organization undertakes numerous research projects during the course of the year. the expenditures for activities specifically organized to provide research outcomes is approximately $21 million.foundation: the group organization includes a foundation, whose primary function is to raise funds for construction, research, support and endowment purposes for exempt organizations, including albany medical college, albany medical center hospital, albany med health system, amc alumni association, and center for donation and transplant, via direct mail - community based programs, telethon, radiothon, special events - golf outings, dinners, etc., plus gift-in-kind (gik) donations.center for donation and transplant (cdt): research/education - primary purpose is to facilitate procurement and equitable distribution of medically suitable organs for transplantation. also, cdt is to ensure that families are informed on options for organ donation. support family and hospital personnel involved in the donation process and educate the upstate medical profession on organ procurement.saratoga care, inc. (sci): the foremost commitment of sci is to enable its affiliated entity (saratoga hospital) to provide superior quality healthcare to the people of our community regardless of their ability to pay.kidskeller: children from eight weeks to kindergarten age may enroll. educational activities for these varied age groups follow a developmental sequence which includes age appropriate activities for the development of cognitive skills, fine and gross motor skills, social-emotional growth and activities of daily living skills.columbia memorial hospital foundation: the organization operates to assist the columbia memorial hospital to develop, expand and fund medical services provided to residents of columbia, greene, and northern dutchess counties, ny.kaaterskill commons, inc (kci): this organization owns and operates a 21 unit apartment project located in catskill ny. the tenants are qualify low income elderly.saratoga regional medical, p.c. (srm) is organized and operated for the purpose of promoting health by providing medical care to the community served by saratoga hospital. srm also operates a nephrology site in glens falls, ny. saratoga hospital medical group - nephrology at glens falls offers its patients an outstanding team of board-certified physicians, employing the most advanced diagnostic techniques to identify, develop a treatment plan, and manage kidney disease. in 2024, providers at this location saw approximately 2,600 patient visits. saratoga hospital medical group pulmonology offers our patients an outstanding team of board-certified, fellowship-trained physicians, employi
Contact & location
Financial trends
Revenue grew from $1.2B (FY2014) to $3.3B (FY2024) across 11 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $1.4BNet assets $1.4B
Operating margin
1.5%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$2.7B
Total liabilities
$1.4B
Net assets
$1.4B
Salaries & benefits
$1.7B
51% of expenses
Board members
138
98 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $3,278,662,634▲7.7% | $3,228,222,449▲4.4% | $1,380,904,337▲3.5% | $2,736,199,610▲2.6% | 990 |
| 2023 | $3,043,687,323▲8.5% | $3,093,087,048▲7.3% | $1,333,938,693▲1.7% | $2,668,116,519▲4.0% | 990 |
| 2022 | $2,804,293,485▲1.0% | $2,883,344,456▲9.3% | $1,311,064,069▼13.7% | $2,565,327,023▼11.0% | 990 |
| 2021 | $2,777,242,884▲25.4% | $2,637,281,628▲24.9% | $1,519,212,887▲28.1% | $2,881,582,718▲18.4% | 990 |
| 2020 | $2,215,510,044▲3.8% | $2,110,828,883▲0.7% | $1,185,623,010▲13.4% | $2,433,137,271▲12.8% | 990 |
| 2019 | $2,134,625,038▲4.8% | $2,096,418,542▲6.3% | $1,045,769,863▲11.3% | $2,157,723,679▲7.9% | 990 |
| 2018 | $2,036,763,504▲41.4% | $1,972,024,563▲39.3% | $939,292,884▲47.8% | $2,000,498,228▲38.2% | 990 |
| 2017 | $1,440,298,081▲5.5% | $1,415,783,446▲6.5% | $635,730,454▲14.0% | $1,447,725,539▲7.5% | 990 |
| 2016 | $1,365,604,849▲8.2% | $1,329,967,059▲7.8% | $557,493,156▲8.5% | $1,347,239,886▲1.3% | 990 |
| 2015 | $1,262,342,383▲5.7% | $1,233,801,496▲7.7% | $513,833,171▲0.7% | $1,330,119,525▲1.4% | 990 |
| 2014 | $1,194,010,728 | $1,146,076,240 | $510,478,585 | $1,312,084,933 | 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: Andrew J Rosenbaum — $1,565,502 (0.05% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Andrew J Rosenbaum | Assoc Professor/clin (col) | 40 | $1,565,502 |
| Alan S Boulos Md | Evp & Dean Alb Med Col (col) | 39 | $1,384,383 |
| Thomas Fabian | Professor/clin (col) | 40 | $1,285,267 |
| Ernest Chisena | Assoc Professor/clin (col) | 40 | $1,241,687 |
| Gordon Kuhar Md | Physician (sh) | 38 | $1,122,451 |
| Darryl J Dirisio | Department Chair (col) | 40 | $1,096,131 |
| Paul Scimeca | President & Ceo (gfh) | 40 | $946,437 |
| Jill J Vankuren | Pres/ceo (sh,sci), Vp, Vice Chair (sh) | 38 | $813,070 |
| Kmarie King | Board Member (cdt) | 42 | $750,716 |
| Jason Mouzakes Md | Evp Hosp Gen Director (amch) | 39 | $748,539 |
| Rauf Shahbazov | Board Member (cdt As of 4/15/24) | 2 | $683,397 |
| Sean M Kennedy Do | Vp, Physician Network (gfh) | 40 | $669,950 |
| Christopher Mason Do | Board Member (gfh) | 40 | $665,416 |
| Louis A Digiovanni | Board Member (cmhf) | 40 | $604,343 |
| Mitchell Amado | Senior Vp & Cfo (gfh) | 40 | $578,815 |
| Dorothy Urschel | Ceo (cmh), President (kci) | 40 | $574,241 |
| Patricia Gavis | Vp & Cfo (sh, Sci), Treasurer (hs) | 40 | $505,526 |
| Robert Donnarumma Md | Pres (srmpc), Vp Med Affairs & Cmo (sh) | 40 | $468,064 |
| J Robert Hayes Md | Vp, Clinical Ops (sh) | 40 | $435,975 |
| Kevin Zeng | Board Member (vna, Vnf, Avn 3/7/24) | 3 | $419,568 |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Healthtrust Workforce Solution | Staffing Solutions | $79,077,488 |
| Community Care Physicians PC | Medical Mgmt Serv | $17,518,908 |
| Shields Health Solutions | Medical Services | $12,468,321 |
| Aramark Healthcare | Environmental Serv | $9,523,318 |
| Medical Solutions LLC | Medical Services | $5,801,436 |
Grants made · $12.3M in FY2024
6 grants totaling $12.3M in FY2024. All grants made by Albany Medical Center Group Organization →
| Recipient | Purpose | Amount |
|---|---|---|
| Albany Med Health System | Fund scholarships and research | $8,997,015 |
| Albany Med Health System | Fund research and healthcare | $1,614,699 |
| Columbia Memorial Hospital | Support columbia memorial hospital | $783,689 |
| Albany Medical College Alumni Association Inc | Fund scholarships | $440,207 |
| Albany Med Health System | Support saratoga hospital | $437,976 |
| Albany Med Health System | Equipment/technology | $28,314 |
Frequently asked questions
- Is Albany Medical Center Group Organization a legitimate nonprofit?
- Yes. Albany Medical Center Group Organization is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 47-3869194, based in Albany, New York. Donations are tax-deductible.
- What is Albany Medical Center Group Organization's EIN?
- Albany Medical Center Group Organization's Employer Identification Number (EIN) is 47-3869194.
- How much revenue does Albany Medical Center Group Organization report?
- Albany Medical Center Group Organization reported $3,278,662,634 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Albany Medical Center Group Organization's spending goes to programs?
- Albany Medical Center Group Organization spends about 87% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Albany Medical Center Group Organization have?
- CharityIndex grades Albany Medical Center Group Organization A, based on program efficiency and fundraising cost.
- How much does Albany Medical Center Group Organization's highest-paid employee make?
- The highest reported compensation on Albany Medical Center Group Organization's latest Form 990 is $1,565,502, paid to Andrew J Rosenbaum (Assoc Professor/clin (col)).
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Data for Albany Medical Center Group Organization (EIN 47-3869194) 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.