Montefiore Medical Center
90% goes to programs $3 to raise $100 Thin reserves Growing revenue
Montefiore Medical Center is a 501(c)(3) organization based in Bronx, New York, registered in 1938, with $5,908,041,192 in FY2024 revenue. CharityIndex grades it C+, and it directs about 90% of spending to programs.
111 E 210th St, Bronx, NY, 10467 EIN 13-1740114 Since 1938
Revenue (FY2024)
$5.9B
▲ 16.8% vs prior year
Health median: $840K
Expenses (FY2024)
$5.6B
Net assets
-$57.6M
Employees
23,310
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 rating90% to programs · $3 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 Montefiore Medical Center: 90% to programs · $3 to raise $100 earns a C+ on this criterion. See the exact thresholds →
DFinancial health25% of the rating0 mo reserves · +5% 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 Medical Center: 0 mo reserves · +5% 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 Montefiore 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 Montefiore Medical Center: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
To heal, to teach, to discover and to advance the health of the communities we serve.
What they do
Medical education & research medical education montefiore is the university hospital for albert einstein college of medicine, one of the nation's premier institutions for medical education, basic research and clinical investigations. this strong alignment enables montefiore to advance clinical and translational research results more rapidly to the bedside and to the medical community, and educate the next generation of physicians, healthcare leaders and investigators. in place are extensive training programs for medical students, residents and fellows. through the second-largest medical residency program in the country, montefiore provides postgraduate clinical training to more than 1,250 residents across 89 accredited residency and fellowship programs. our progressive focus on comprehensive rather than fragmented care provides the ideal training ground for healthcare leaders of the future. to remain on the cutting-edge of training, we develop and expand programs that advance teamwork, communication and decision-making providing the doctors of tomorrow a unique opportunity for education and training in one of the most diverse urban areas in the country caring for a global population where the disease burden is high and the need for quality care is great. these programs, coupled with montefiore's mission and vision draw residents from top medical schools who are particularly committed to increasing access to excellent care in underserved population. montefiore is dedicated to cultivating ethical and professional development of all of its trainees. montefiore's physicians are at the forefront of their fields, actively mentoring and cultivating a new generation of physicians and scientists committed to our mission and values of advancing the front line of health and leading the way in twenty-first century medicine and patient care. montefiore training experience clinically advanced and grounded in our organizational values of humanity, innovation, teamwork and equity - extends to all disciplines. on an average over 1,750 undergraduate and graduate nursing staff train at montefiore as did hundreds of social workers, nutritionists and pharmacists. montefiore training also extends beyond the graduate level. the center for continuing medical education (ccme) at montefiore medical center and albert einstein college of medicine, founded in 1976, is accredited by the accreditation council for continuing medical education (accme). the center has provided hundreds of cme activities and cme credits to thousands of practitioners. recognizing the vital importance of developing and embracing innovative techniques and treatments, montefiore is committed to the utilization of resources for the advancement of physicians' education and delivery of care. research montefiore's large biomedical and clinical research initiatives include inquiry into a range of medical and health care delivery issues, including basic research into the fundamental process of disease and its treatment in humans, clinical trials and related clinical research and research into the organization and management of health care services. montefiore is among 38 academic medical centers nationwide, at that time, to be awarded the prestigious clinical and translational science award (ctsa) by the national institutes of health (nih). the national institutes of health, along with other federal, state and other funding, supports research in such areas as aids, oncology, pediatrics, anesthesiology, emergency medicine, neurology, pathology, social medicine and other clinical programs. montefiore and einstein are aligned around shared goals, with special emphasis on advancing clinical and translational research to accelerate the pace at which new discoveries become the treatments and therapies of today. at the heart of montefiore medical center's pioneering research initiatives is its unique partnership with albert einstein college of medicine. since 1963, montefiore has served as the
Contact & location
- Address
- 111 E 210th St, Bronx, NY, 10467
- City
- Bronx
- State
- New York
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $3.1B (FY2013) to $5.9B (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $5.0BNet assets -$57.6M
Operating margin
4.9%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$5.0B
Total liabilities
$5.0B
Net assets
-$57.6M
Salaries & benefits
$3.3B
59% of expenses
Board members
33
31 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $5,908,041,192▲16.8% | $5,619,420,589▲12.3% | -$57,556,787▲65.9% | $4,988,192,084▲8.5% | 990 |
| 2023 | $5,057,497,655▲10.2% | $5,003,322,926▲7.5% | -$168,656,807▼26.0% | $4,597,467,871▲0.5% | 990 |
| 2022 | $4,590,891,278▲8.1% | $4,653,244,153▲1.1% | -$133,818,386▼211% | $4,574,684,802▼8.0% | 990 |
| 2021 | $4,245,441,819▼2.2% | $4,602,246,814▲3.7% | $120,275,568▼78.6% | $4,974,674,006▼8.7% | 990 |
| 2020 | $4,342,685,327▲3.5% | $4,436,026,274▲6.7% | $563,157,350▼22.4% | $5,446,914,187▲20.1% | 990 |
| 2019 | $4,196,735,035▲6.9% | $4,157,936,641▲7.1% | $725,864,268▲2.0% | $4,535,777,435▲16.9% | 990 |
| 2018 | $3,926,335,703▲5.3% | $3,883,964,303▲5.1% | $711,836,556▼13.6% | $3,879,369,750▲14.8% | 990 |
| 2017 | $3,727,089,479▲4.0% | $3,694,395,882▲3.5% | $824,154,177▲0.1% | $3,380,430,770▲5.2% | 990 |
| 2016 | $3,583,255,101▲4.5% | $3,568,724,443▲5.2% | $823,206,858▼3.5% | $3,212,796,276▼2.0% | 990 |
| 2015 | $3,428,144,743▲7.0% | $3,391,520,370▲7.2% | $852,789,545▼5.6% | $3,278,415,680▲2.0% | 990 |
| 2014 | $3,203,624,955▲4.5% | $3,164,429,999▲7.6% | $902,946,125▲1.5% | $3,213,689,963▲5.9% | 990 |
| 2013 | $3,066,100,975 | $2,940,271,744▲8.0% | $889,685,961▲26.1% | $3,035,262,235▲12.0% | 990 |
| 2012 | — | $2,722,831,785▲3.2% | $705,478,782▲24.7% | $2,709,151,358▲7.8% | 990 |
| 2011 | — | $2,637,769,972▲4.6% | $565,548,731▲5.8% | $2,513,816,770▲29.5% | 990 |
| 2010 | — | $2,520,844,606 | $534,490,902 | $1,940,655,537 | 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: Robert Michler Md — $4,944,262 (0.09% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Robert Michler Md | Chair-surg/cardiothoracic Surg | 60 | $4,944,262 |
| Emad Eskandar Md | Chair-neurological Surgery | 60 | $2,005,276 |
| Daniel Goldstein Md | Vice Chair-cardiothoracic Surg | 60 | $1,707,530 |
| Joseph De Rose Md | Dir Min Invasive Robotic Surg | 60 | $1,701,228 |
| Neil Cobelli Md | Chair-dept. of Orthopedics | 60 | $1,600,389 |
| Alan N Suna | Trustee | 0.5 | — |
| Alisa R Doctoroff | Trustee | 0.8 | — |
| Allen M Spiegel Md | Trustee | 0.5 | — |
| Barry S Blattman | Trustee | 0.8 | — |
| Bruce Doniger | Trustee | 0.5 | — |
| Catherine Klema | Vice Chair | 0.8 | — |
| Christopher Panczner | Asst Sec.-svp & Gen Counsel | 35.7 | — |
| Colleen M Blye | Exec Vp & Cfo | 36.8 | — |
| Daniel R Tishman | Trustee | 0.5 | — |
| David B Keidan | Trustee | 0.5 | — |
| Douglas F Eisenberg | Trustee | 0.5 | — |
| Edwin H Stern III | Trustee | 0.5 | — |
| Ellen Breslow Newhouse | Trustee | 0.5 | — |
| Emanuel Chirico | Treasurer | 0.8 | — |
| Gayle F Robinson | Trustee | 0.8 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Fastaff LLC | Temporary Nurses | $72,764,168 |
| Alto New York City LLC | Freelance Support | $19,834,263 |
| Quest Diagnostics Inc | Outside Lab Testing | $17,652,890 |
| Chromista Inc | Freelance Support | $17,332,165 |
| Mckinsey and Company Inc | Consulting Fees | $17,244,667 |
Grants received · $39.2M total
238 grants to Montefiore Medical Center totaling $39.2M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| American Medical Association | Reimagining residency grant | 2024 | $180,000 |
| Muscular Dystrophy Association | Medical diagnosis | 2024 | $50,000 |
| American Endowment Foundation | Health, general | 2024 | $50,000 |
| Jewish Communal Fund | In furtherance of grantee's tax-exempt purpose | 2024 | $34,080 |
| Public Health Institute | Research | 2024 | $30,000 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $20,000 |
| American Cancer Society Inc | Patient support | 2024 | $15,000 |
| Gs Donor Advised Philanthropy Fund For Wealth Management Inc | Medical / public services | 2024 | $10,000 |
| Community Foundation of New Jersey | Hospitals, specialty hospitals & community clinics | 2024 | $8,500 |
| Mayo Clinic | Support charitable programs | 2024 | $7,132 |
| American Online Giving Foundation Inc | General support | 2024 | $6,398 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $513,970 |
| American Medical Association | Reimagining residency grant | 2023 | $385,000 |
| Research Foundation of the City University of New York | Research | 2023 | $302,713 |
| Johns Hopkins University | Sub-award | 2023 | $289,967 |
Grants made · $1.1M in FY2024
14 grants totaling $1.1M in FY2024. All grants made by Montefiore Medical Center →
| Recipient | Purpose | Amount |
|---|---|---|
| New York City Health and Hospitals Corporation | Subrecipient grant | $680,066 |
| Bronxcare Health System | Subrecipient grant | $180,488 |
| American Cancer Society Inc | Sponsorship | $60,000 |
| City In the Community Foundation | Sponsorship | $32,500 |
| St Johns Riverside Hospital | Sponsorship | $25,000 |
| Ronald Mcdonald House At the Maria Fareri Childrens Hospital Inc | Sponsorship | $25,000 |
| New York University | Sponsorship | $25,000 |
| Blood Cancer United Inc | Sponsorship | $25,000 |
| Renewal of Life Inc | Sponsorship | $20,000 |
| Cooper Square Community Development Committee Inc | Subrecipient grant | $18,110 |
| American Liver Foundation | Sponsorship | $15,000 |
| Alzheimers Disease and Related Disorders Association Inc | Sponsorship | $15,000 |
| Women In Development New York Inc | Sponsorship | $10,000 |
| Westwood Manor Inc | Sponsorship | $8,500 |
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Frequently asked questions
- Is Montefiore Medical Center a legitimate nonprofit?
- Yes. Montefiore Medical Center is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 13-1740114, based in Bronx, New York. Donations are tax-deductible.
- What is Montefiore Medical Center's EIN?
- Montefiore Medical Center's Employer Identification Number (EIN) is 13-1740114.
- How much revenue does Montefiore Medical Center report?
- Montefiore Medical Center reported $5,908,041,192 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Montefiore Medical Center's spending goes to programs?
- Montefiore Medical Center spends about 90% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Montefiore Medical Center have?
- CharityIndex grades Montefiore Medical Center C+, based on program efficiency and fundraising cost.
- How much does Montefiore Medical Center's highest-paid employee make?
- The highest reported compensation on Montefiore Medical Center's latest Form 990 is $4,944,262, paid to Robert Michler Md (Chair-surg/cardiothoracic Surg).
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Explore more
Data for Montefiore Medical Center (EIN 13-1740114) 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.