Montefiore Health System Inc
71% goes to programs Strong reserves Growing revenue
Montefiore Health System Inc is a 501(c)(3) organization based in Bronx, New York, registered in 2005, with $383,138,560 in FY2024 revenue. CharityIndex grades it B+, and it directs about 71% of spending to programs.
111 E 210th St, Bronx, NY, 10467 EIN 20-1615393 Since 2005
Revenue (FY2024)
$383.1M
▼ 2.6% vs prior year
Health median: $840K
Expenses (FY2024)
$429.2M
Net assets
$636.8M
Employees
1,001
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B+
BProgram efficiency40% of the rating71% to programs
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 Montefiore Health System Inc: 71% to programs earns a B on this criterion. See the exact thresholds →
C+Financial health25% of the rating18 mo reserves · -12% 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 Montefiore Health System Inc: 18 mo reserves · -12% margin earns a C+ 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 Montefiore Health System Inc: 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 Montefiore Health System Inc: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
To heal, to teach, to discover and to advance the health of the communities we serve.
What they do
Montefiore hmo, llc ("mhmo"), a new york limited liability company, is a disregarded entity of the montefiore health system, inc. and operates as a managed long-term care plan (mltcp) within the new york state counties of westchester and the bronx. mhmo contracts with the new york state department of health (nysdoh) to provide medicaid health and long-term care services to chronically ill or disabled individuals who require more than 120 days of continuous care. montefiore hmo provides and coordinates services designed to keep members living in their own homes. the plan arranges for and pays for certain health and social services, including care management, home healthcare, consumer-directed personal care, nursing services, rehabilitation, dental and other personal services. effective 12/31/2023, montefiore hmo was closed (sold) to elderserve health care, inc. (riversprings). all members were transferred out of the mhmo plan to either riversprings or back to the state for reassignment.
Montefiore ss holdings, llc, montefiore mv holdings, llc and montefiore ha holdings, llc, disregarded entities of montefiore health system, inc., are the holding companies established in 2013 to own the land and buildings leased to montefiore new rochelle hospital, montefiore mount vernon hospital and the schaffer extended care center, respectively. these 501(c)(3) organizations are supported entities of montefiore health system, inc. and are comprised of two hospitals and a nursing home.
Contact & location
- Address
- 111 E 210th St, Bronx, NY, 10467
- City
- Bronx
- State
- New York
- Category
- Health Care
- Subcategory
- Support Foundations & Fundraising
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $4.1M (FY2013) to $383.1M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $424.2MNet assets $636.8M
Operating margin
-12.0%
Spent more than it raised in the latest fiscal year.
Total assets
$1.1B
Total liabilities
$424.2M
Net assets
$636.8M
Salaries & benefits
$196.2M
46% of expenses
Board members
36
35 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $383,138,560▼2.6% | $429,182,146▼3.5% | $636,782,682▲0.1% | $1,060,948,058▲19.7% | 990 |
| 2023 | $393,445,493▲3.0% | $444,563,348▲8.2% | $635,947,036▲34.4% | $886,300,716▲5.5% | 990 |
| 2022 | $381,942,085▲37.6% | $411,045,343▲21.9% | $473,003,558▲1.3% | $840,185,224▲6.7% | 990 |
| 2021 | $277,667,137▲3.0% | $337,227,075▲11.3% | $466,969,861▼10.6% | $787,550,963▲1.3% | 990 |
| 2020 | $269,518,485▼12.7% | $303,022,072▼3.2% | $522,318,922▼6.0% | $777,729,354▲10.3% | 990 |
| 2019 | $308,553,187▼4.7% | $313,009,558▲28.4% | $555,822,509▼3.4% | $705,121,118▼5.7% | 990 |
| 2018 | $323,837,513▲24.5% | $243,847,908▲19.9% | $575,552,634▲16.7% | $747,563,227▲12.5% | 990 |
| 2017 | $260,205,225▲22.6% | $203,364,291▲8.9% | $493,223,667▲17.7% | $664,580,620▲15.3% | 990 |
| 2016 | $212,282,049▲5.5% | $186,789,463▲1.0% | $419,028,733▲34.2% | $576,629,830▲24.2% | 990 |
| 2015 | $201,173,397▲25.9% | $184,987,154▲18.1% | $312,227,147▲431% | $464,180,581▲110% | 990 |
| 2014 | $159,786,564▲3774% | $156,605,354▲2934% | $58,781,904▲512% | $220,625,502▲95.5% | 990 |
| 2013 | $4,124,143 | $5,162,197 | $9,602,694 | $112,830,626 | 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: Susan Green-lorenzen Rn — $3,093,931 (0.72% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Susan Green-lorenzen Rn | System Senior Vp-operations | 2 | $3,093,931 |
| Peter Semczuk | Svp & Executive Director Moses & Wakefield Campuses | 0 | $2,720,377 |
| Andrew Racine Md | Svp & Chief Medical Officer | 0 | $2,131,426 |
| Stephen Rosenthal | Svp-net Population Health Mgmt | 0 | $1,432,692 |
| Deepesh Chandra | Svp & Chief Information Officer | 0 | $970,258 |
| John J Freda | House Staff | 0 | $907,576 |
| Alan N Suna | Trustee | 0.3 | — |
| Alisa R Doctoroff | Trustee | 0.5 | — |
| Allen M Spiegel Md | Trustee | 0.3 | — |
| Barry S Blattman | Trustee | 0.5 | — |
| Bruce Doniger | Trustee | 0.3 | — |
| Catherine Klema | Vice Chair | 0.8 | — |
| Christopher Panczner | Assistant Secretary | 2 | — |
| Colleen Blye | Exec Vp & Cfo | 5 | — |
| Daniel R Tishman | Trustee | 0.3 | — |
| David B Keidan | Trustee | 0.3 | — |
| Douglas F Eisenberg | Trustee | 0.3 | — |
| Edwin H Stern III | Trustee | 0.3 | — |
| Ellen Breslow Newhouse | Trustee | 0.3 | — |
| Emanuel Chirico | Treasurer | 0.5 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Infor (us) Inc | System Conversion | $20,907,919 |
| Deloitte | Professional Services | $15,817,699 |
| Epic Systems Corporation | It Consulting | $13,686,529 |
| Mckinsey and Company Inc | Consulting Fees | $8,766,000 |
| Ah-re Centerock | Construction | $5,897,989 |
Grants received · $300K total
3 grants to Montefiore Health System Inc totaling $300K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| National Philanthropic Tr | Education | 2023 | $100,000 |
| National Philanthropic Tr | Health | 2022 | $100,000 |
| National Philanthropic Tr | Health | 2021 | $100,000 |
Grants made · $358K in FY2017
2 grants totaling $358K in FY2017. All grants made by Montefiore Health System Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Greater New York Hospital Foundation Inc | Donation | $350,000 |
| Mosholu-montefiore Community Center Inc | Donation | $7,500 |
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Frequently asked questions
- Is Montefiore Health System Inc a legitimate nonprofit?
- Yes. Montefiore Health System Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 20-1615393, based in Bronx, New York. Donations are tax-deductible.
- What is Montefiore Health System Inc's EIN?
- Montefiore Health System Inc's Employer Identification Number (EIN) is 20-1615393.
- How much revenue does Montefiore Health System Inc report?
- Montefiore Health System Inc reported $383,138,560 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Montefiore Health System Inc's spending goes to programs?
- Montefiore Health System Inc spends about 71% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Montefiore Health System Inc have?
- CharityIndex grades Montefiore Health System Inc B+, based on program efficiency and fundraising cost.
- How much does Montefiore Health System Inc's highest-paid employee make?
- The highest reported compensation on Montefiore Health System Inc's latest Form 990 is $3,093,931, paid to Susan Green-lorenzen Rn (System Senior Vp-operations).
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Data for Montefiore Health System Inc (EIN 20-1615393) 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.