Beth Israel Medical Center
97% goes to programs $0 to raise $100 Thin reserves
Beth Israel Medical Center is a 501(c)(3) organization based in New York, New York, registered in 1948, with $1,076,809,659 in FY2024 revenue. CharityIndex grades it C+, and it directs about 97% of spending to programs.
1st Ave 16h Street, New York, NY, 10019 EIN 13-5564934 Since 1948
Revenue (FY2024)
$1.1B
▼ 17.6% vs prior year
Health median: $840K
Expenses (FY2024)
$1.2B
Net assets
-$348.3M
Employees
5,595
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
★★★★
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →C+Program efficiency40% of the rating97% 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 Beth Israel Medical Center: 97% to programs · $0 to raise $100 earns a C+ on this criterion. See the exact thresholds →
DFinancial health25% of the rating0 mo reserves · -14% 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 Beth Israel Medical Center: 0 mo reserves · -14% margin earns a D 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 Beth Israel Medical Center: 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 Beth Israel Medical Center: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Serves the health care needs of the new york community, while also providing clinical education and engaging in clinical research.
What they do
Student financial aid program: to provide financial aid to qualifying nurses attending beth israel nursing school.
Contact & location
- Address
- 1st Ave 16h Street, New York, NY, 10019
- City
- New York
- State
- New York
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue declined from $1.4B (FY2013) to $1.1B (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $1.6BNet assets -$348.3M
Operating margin
-14.4%
Spent more than it raised in the latest fiscal year.
Total assets
$1.2B
Total liabilities
$1.6B
Net assets
-$348.3M
Salaries & benefits
$528.0M
43% of expenses
Board members
29
29 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $1,076,809,659▼17.6% | $1,231,583,714▲1.3% | -$348,347,344▼78.5% | $1,228,900,764▼4.0% | 990 |
| 2023 | $1,306,435,182▲27.6% | $1,216,012,722▲3.3% | -$195,166,476▲34.8% | $1,279,634,328▲1.2% | 990 |
| 2022 | $1,024,044,713▲6.9% | $1,176,842,771▲2.8% | -$299,530,327▼140% | $1,264,863,588▼1.1% | 990 |
| 2021 | $957,812,057▼5.3% | $1,144,467,220▲3.5% | -$124,975,888▼385% | $1,279,240,881▼10.1% | 990 |
| 2020 | $1,010,976,592▲10.4% | $1,106,117,389▲6.1% | $43,780,943▼61.4% | $1,423,186,326▲5.3% | 990 |
| 2019 | $915,841,776▼0.3% | $1,042,955,729▲1.8% | $113,431,030▼28.5% | $1,351,967,388▲31.2% | 990 |
| 2018 | $918,523,158▼17.1% | $1,024,182,990▼5.8% | $158,666,603▼23.0% | $1,030,110,951▼19.5% | 990 |
| 2017 | $1,107,929,451▲0.6% | $1,086,790,512▼9.6% | $205,975,999▲83.0% | $1,280,223,631▲1.2% | 990 |
| 2016 | $1,101,146,780▼13.5% | $1,202,199,020▼16.1% | $112,528,397▼33.9% | $1,265,149,217▲5.7% | 990 |
| 2015 | $1,273,243,382▼3.1% | $1,432,627,831▲0.2% | $170,326,136▼45.7% | $1,196,447,779▼8.7% | 990 |
| 2014 | $1,313,701,465▼9.4% | $1,429,923,529▼2.7% | $313,678,870▼22.5% | $1,310,611,645▼3.4% | 990 |
| 2013 | $1,449,374,356 | $1,469,516,430▼1.0% | $404,839,844▲4.3% | $1,357,166,141▼0.3% | 990 |
| 2012 | — | $1,484,437,859▲1.0% | $388,308,966▲18.2% | $1,361,921,086▲0.5% | 990 |
| 2011 | — | $1,469,178,392▲7.7% | $328,508,691▲9.5% | $1,355,233,741▲29.7% | 990 |
| 2010 | — | $1,364,696,410 | $300,051,223 | $1,044,774,683 | 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: Elizabeth Sellman — $1,262,814 (0.10% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Elizabeth Sellman | President | 60 | $1,262,814 |
| Scott Michael Lorin | President | 60 | $987,916 |
| Kenneth Davis Md | Trustee and Former Officer | 2 | $670,892 |
| Elvis Deleon | Vp Ambulatory Operations | 60 | $616,043 |
| Peter Shearer | Associate Professor | 60 | $540,452 |
| Brendan G Carr Md 1 | Chief Executive Officer (start 1/1/24) | 5.3 | $493,085 |
| Kimberley Glassman | Vice President Nursing | 60 | $466,372 |
| Jemilat Siju | Vice President Nursing | 60 | $418,576 |
| Claudia Garcenot | Vice President Nursing | 60 | $363,513 |
| Dennis Charneymd 1 | President, Academic Affairs | 5.2 | $233,675 |
| Margaret Pastuszko | System President & Chief Operating Officer | 4.9 | $207,481 |
| Michael Pastier | Svp, Chief Financial Officer | 7.9 | $193,595 |
| Stephen Harvey | Evp, System Cfo (end 12/31/24) | 4.7 | $178,668 |
| Jeremy Boal Md | Former Officer | 0 | $167,867 |
| Beth Essig Esq | Evp, General Counsel | 4.9 | $161,515 |
| Kelly Cassano D | Evp, Sys Ambulatory Operation | 7.3 | $138,927 |
| Emma Palmer | Evp, Chief of Staff & External Affairs | 5.3 | $71,702 |
| Frank Cino | Svp, System Chief Risk Officer | 5.3 | $67,708 |
| Jeffrey Silberstein | Evp, System Cao | 5 | $65,979 |
| Vincent Tammaro | Evp, System Cfo (start 10/1/24) | 5.2 | $61,522 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Crothall Healthcare Inc | Housekeeping & Envir | $13,507,666 |
| Gilbane Building Company | Construction Svc | $12,998,700 |
| Healthcare Risk Advisors Inc | Insurance | $8,248,321 |
| Rightsourcing Inc | Temporary Staffing | $7,320,230 |
| Laboratory Corp of America | Lab Services | $7,160,364 |
Grants received · $86.8M total
83 grants to Beth Israel Medical Center totaling $86.8M, reported by foundations on their Schedule I filings — showing the 15 most recent.
Grants made · $7.5M in FY2024
1 grant totaling $7.5M in FY2024. All grants made by Beth Israel Medical Center →
| Recipient | Purpose | Amount |
|---|---|---|
| Icahn School of Medicine At Mount Sinai | Fund physician practice project | $7,522,000 |
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Compare Beth Israel Medical Center
Frequently asked questions
- Is Beth Israel Medical Center a legitimate nonprofit?
- Yes. Beth Israel Medical Center is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 13-5564934, based in New York, New York. Donations are tax-deductible.
- What is Beth Israel Medical Center's EIN?
- Beth Israel Medical Center's Employer Identification Number (EIN) is 13-5564934.
- How much revenue does Beth Israel Medical Center report?
- Beth Israel Medical Center reported $1,076,809,659 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Beth Israel Medical Center's spending goes to programs?
- Beth Israel Medical Center spends about 97% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Beth Israel Medical Center have?
- CharityIndex grades Beth Israel Medical Center C+, based on program efficiency and fundraising cost.
- How much does Beth Israel Medical Center's highest-paid employee make?
- The highest reported compensation on Beth Israel Medical Center's latest Form 990 is $1,262,814, paid to Elizabeth Sellman (President).
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Data for Beth Israel Medical Center (EIN 13-5564934) 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.