Montefiore New Rochelle Hospital
95% goes to programs $0 to raise $100 Thin reserves
Montefiore New Rochelle Hospital is a 501(c)(3) organization based in New Rochelle, New York, registered in 2014, with $180,654,485 in FY2024 revenue. CharityIndex grades it C, and it directs about 95% of spending to programs.
16 Guion Pl, New Rochelle, NY, 10801 EIN 46-2931956 Since 2014
Revenue (FY2024)
$180.7M
▲ 7.6% vs prior year
Health median: $840K
Expenses (FY2024)
$223.0M
Net assets
-$121.5M
Employees
1,182
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 rating95% 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 Montefiore New Rochelle Hospital: 95% to programs · $0 to raise $100 earns a C+ on this criterion. See the exact thresholds →
FFinancial health25% of the rating0 mo reserves · -23% 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 New Rochelle Hospital: 0 mo reserves · -23% margin earns a F 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 New Rochelle Hospital: 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 New Rochelle Hospital: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
Show this grade on your website
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 and nursing education the department of medicine at new rochelle hospital offers training programs for residents and students that reflects a deep institutional and departmental commitment to medical education in a supportive community-based environment that provides a full spectrum of care to a diverse patient population. 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 the medical community, and educate the next generation of physicians, healthcare leaders and investigators. montefiore school of nursing is on the forefront of nursing education. our vision is excellence in nursing education. located in mount vernon, new york, the school is a private two-year program leading to an associate in science degree. our nursing program provides the foundation for our nursing students committed to excellence to prepare embark on a career that provides many professional challenges while laying the foundation for further education and advancement. though a strong theoretical and clinically based program, our nursing graduates receive the skills and confidence to provide the community with competent, quality nursing care. learning in a hospital environment prepares our students to work in a variety of clinical settings securing employment in hospitals, home healthcare, education, long-term care, public health administration, forensic nursing, occupational health and research.
Contact & location
- Address
- 16 Guion Pl, New Rochelle, NY, 10801
- City
- New Rochelle
- State
- New York
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $158.2M (FY2014) to $180.7M (FY2024) across 11 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $253.3MNet assets -$121.5M
Operating margin
-23.4%
Spent more than it raised in the latest fiscal year.
Total assets
$131.8M
Total liabilities
$253.3M
Net assets
-$121.5M
Salaries & benefits
$127.7M
57% of expenses
Board members
33
32 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $180,654,485▲7.6% | $222,956,442▲6.9% | -$121,509,442▼69.0% | $131,750,100▲9.5% | 990 |
| 2023 | $167,940,214▼11.6% | $208,536,352▲3.0% | -$71,893,217▼114% | $120,367,220▼6.8% | 990 |
| 2022 | $189,961,831▼2.1% | $202,547,108▲5.7% | -$33,566,838▼117% | $129,121,192▲4.2% | 990 |
| 2021 | $194,108,442▼6.8% | $191,577,876▼0.4% | -$15,464,520▲15.0% | $123,957,178▼17.7% | 990 |
| 2020 | $208,366,782▲6.7% | $192,410,354 | -$18,202,794▲23.8% | $150,698,233▲7.7% | 990 |
| 2019 | $195,296,318▲4.0% | $192,448,636▲10.5% | -$23,879,868▼84.6% | $139,982,028▲20.2% | 990 |
| 2018 | $187,764,718▲7.9% | $174,110,930▼5.1% | -$12,936,273▲43.5% | $116,454,583▲9.2% | 990 |
| 2017 | $173,955,310▼0.3% | $183,391,096▲4.9% | -$22,913,696▼68.3% | $106,643,193▲43.5% | 990 |
| 2016 | $174,440,106▲10.2% | $174,812,802▲1.1% | -$13,615,569▼5.2% | $74,333,511▲4.3% | 990 |
| 2015 | $158,318,082 | $172,881,529▲1.7% | -$12,947,057▼574% | $71,255,961▼1.3% | 990 |
| 2014 | $158,249,910 | $170,055,708 | $2,732,172 | $72,229,883 | 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: Ared Garan Md — $682,980 (0.31% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Ared Garan Md | Physician-obstetric | 50 | $682,980 |
| Mark Liss Md | Physician-gastroentrology | 50 | $589,568 |
| Steven B Zelicof Md | Chief, Orthopedic Surgery | 50 | $588,523 |
| Seth Cohen | Physician | 50 | $583,145 |
| Wei Nie | Crna-anesthesiology | 50 | $511,849 |
| Alan N Suna | Trustee | 0.2 | — |
| Alisa R Doctoroff | Trustee | 0.3 | — |
| Allen M Spiegel Md | Trustee | 0.2 | — |
| Anthony Alfano | Vp & Exec Director Mnr | 40 | — |
| Barry S Blattman | Trustee | 0.3 | — |
| Bruce Doniger | Trustee | 0.2 | — |
| Catherine Klema | Vice Chair | 0.3 | — |
| Christopher S Panczner | Assistant Secretary | 5 | — |
| Colleen Blye | Exec Vp & Cfo | 5 | — |
| Daniel R Tishman | Trustee | 0.2 | — |
| David B Keidan | Trustee | 0.2 | — |
| Douglas F Eisenberg | Trustee | 0.2 | — |
| Edwin H Stern III | Trustee | 0.2 | — |
| Ellen Breslow Newhouse | Trustee | 0.2 | — |
| Emanuel Chirico | Treasurer | 0.3 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Fastaff LLC | Temporary Nurses | $8,284,542 |
| Securitas Security Services USA Inc | Security Services | $2,417,294 |
| New Direction Solutions LLC | Temporary Staffing | $2,029,224 |
| Locumtenenscom Inc | Temporary Staffing | $1,343,903 |
| J Giarnella Son Inc | Professional Services | $1,185,106 |
Grants received · $17K total
2 grants to Montefiore New Rochelle Hospital totaling $17K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| The New York Community Trust | For general support. | 2024 | $5,490 |
| The New York Community Trust | For general support. | 2023 | $11,030 |
Grants made · $25K in FY2021
1 grant totaling $25K in FY2021. All grants made by Montefiore New Rochelle Hospital →
| Recipient | Purpose | Amount |
|---|---|---|
| City of New Rochelle-hope Community Services | Support | $25,000 |
Similar organizations in Health
Health
United Memorial Medical Center
Rochester, NY
$180.1M
Aannual revenue
Health
St Joseph Hospital
Bethpage, NY
$183.6M
C+annual revenue
Health
Oswego Hospital Inc
Oswego, NY
$184.8M
Aannual revenue
Health
St Marys Healthcare
Amersterdam, NY
$184.8M
Aannual revenue
- Health
Healthalliance Hospital Marys Avenue Campus
Kingston, NY
$189.4M
C+annual revenue
Health
St Peters Health Partners
Albany, NY
$192.9M
Aannual revenue
Health
The Institute For Family Health
New York, NY
$168.1M
Aannual revenue
Health
Urban Health Plan Inc
Bronx, NY
$193.6M
Aannual revenue
Health
Chinese-american Planning Council Home Attendant Program Inc
New York, NY
$198.8M
B+annual revenue
Health
Sports Physicaltherapy Occupational Therapy and Rehabilitation Service
Westbury, NY
$198.9M
Aannual revenue
Compare Montefiore New Rochelle Hospital
Frequently asked questions
- Is Montefiore New Rochelle Hospital a legitimate nonprofit?
- Yes. Montefiore New Rochelle Hospital is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 46-2931956, based in New Rochelle, New York. Donations are tax-deductible.
- What is Montefiore New Rochelle Hospital's EIN?
- Montefiore New Rochelle Hospital's Employer Identification Number (EIN) is 46-2931956.
- How much revenue does Montefiore New Rochelle Hospital report?
- Montefiore New Rochelle Hospital reported $180,654,485 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Montefiore New Rochelle Hospital's spending goes to programs?
- Montefiore New Rochelle Hospital spends about 95% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Montefiore New Rochelle Hospital have?
- CharityIndex grades Montefiore New Rochelle Hospital C, based on program efficiency and fundraising cost.
- How much does Montefiore New Rochelle Hospital's highest-paid employee make?
- The highest reported compensation on Montefiore New Rochelle Hospital's latest Form 990 is $682,980, paid to Ared Garan Md (Physician-obstetric).
More nonprofits in New Rochelle
Explore more
Data for Montefiore New Rochelle Hospital (EIN 46-2931956) 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.