New York Medical College
501(c)(3) Donations tax-deductible
77% goes to programs $92 to raise $100 Strong reserves
New York Medical College is a 501(c)(3) organization based in Valhalla, New York, registered in 1940, with $123,829,598 in FY2023 revenue. CharityIndex grades it B, and it directs about 77% of spending to programs.
40 Sunshine Cottage Rd, Valhalla, NY, 10595 EIN 13-1099420 Since 1940
Revenue (FY2023)
$123.8M
▲ 5.0% vs prior year
Expenses (FY2023)
$122.5M
Net assets
$200.4M
Employees
1,009
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
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 →CProgram efficiency40% of the rating77% to programs · $92 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 New York Medical College: 77% to programs · $92 to raise $100 earns a C on this criterion. See the exact thresholds →
AFinancial health25% of the rating20 mo reserves · +1% 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 New York Medical College: 20 mo reserves · +1% 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 New York Medical College: 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 New York Medical College: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Educate physicians, scientists, public health specialists & other healthcare professionals.
What they do
Affiliation and faculty practice: nymc faculty members provide supervision, teaching and related administrative services at westchester medical center and other metropolitan area hospitals in support of various medical student residency programs.
Auxiliary: campus services (housing and dining) provided to the students and the nymc community to live and function on campus.
Contact & location
Financial trends
Revenue declined from $151.1M (FY2013) to $123.8M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $129.2MNet assets $200.4M
Operating margin
1.1%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$329.6M
Total liabilities
$129.2M
Net assets
$200.4M
Salaries & benefits
$72.6M
59% of expenses
Board members
26
24 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $123,829,598▲5.0% | $122,521,296▲1.0% | $200,391,747▲5.6% | $329,550,377▲0.3% | 990 |
| 2022 | $117,885,144▼4.7% | $121,304,491▲6.4% | $189,768,707▲2.3% | $328,446,597▼1.4% | 990 |
| 2021 | $123,647,564▲2.1% | $113,997,877▼5.7% | $185,540,637▼4.0% | $333,105,547▼4.3% | 990 |
| 2020 | $121,104,324▲1.2% | $120,890,023▲0.8% | $193,305,113▲9.1% | $347,930,816▲9.2% | 990 |
| 2019 | $119,697,970▼2.8% | $119,901,332▼2.4% | $177,205,647▲0.1% | $318,677,910▼0.9% | 990 |
| 2018 | $123,112,836▲1.2% | $122,843,134▼2.5% | $177,045,225▲1.1% | $321,592,523▼1.9% | 990 |
| 2017 | $121,680,993▼1.2% | $125,972,054▲0.3% | $175,170,327▼0.6% | $327,670,788▼0.4% | 990 |
| 2016 | $123,187,482▲3.2% | $125,622,236▼3.2% | $176,278,160▲1.0% | $329,133,532▼0.8% | 990 |
| 2015 | $119,333,690▼10.3% | $129,822,097▼5.1% | $174,546,064▼7.4% | $331,896,208▼1.6% | 990 |
| 2014 | $132,963,636▼12.0% | $136,772,390▼6.7% | $188,540,013▼3.4% | $337,331,665▼2.6% | 990 |
| 2013 | $151,132,204 | $146,522,597▼1.8% | $195,131,395▲2.4% | $346,332,633▲15.2% | 990 |
| 2012 | — | $149,247,741▲0.3% | $190,504,315▲3.3% | $300,631,724▲3.7% | 990 |
| 2011 | — | $148,868,462▼30.2% | $184,464,545▲0.9% | $289,986,984▼8.1% | 990 |
| 2010 | — | $213,339,504▼1.5% | $182,757,928▲219% | $315,709,165▲60.6% | 990 |
| 2009 | — | $216,575,721 | $57,220,738 | $196,560,509 | 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 (FY2023)
Highest-paid: Edward C Halperin — $658,482 (0.54% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Edward C Halperin | Chancellor of Health Aff & Ceo | 34.8 | $658,482 |
| Mitchell S Cairo | Professor | 35 | $518,825 |
| Robert W Amler | Dean Shsp | 34.8 | $436,705 |
| David S Markenson | Professor | 35 | $388,882 |
| Nicholas Janiga | Vp, Chief Counsel & Asst Sec. | 34.9 | $345,982 |
| Marina Holz | Dean Gsbms | 35 | $317,374 |
| Jane Ponterio | Senior Associate Dean | 35 | $309,981 |
| Michal Laniado Schwartzman | Professor | 35 | $304,075 |
| Adam Hammerman | Vice President & Cfo | 35 | $296,413 |
| Lori Solomon | Chair of Family & Community Medicine | 5 | $293,069 |
| Neil Schluger | Dean Som - Beg. 12/19/23 | 35 | $253,794 |
| Salomon Amar | Svp For Research Affairs | 15.9 | $200,729 |
| Jerry L Nadler | Former Dean Som - End 2/24/23 | 34.9 | $173,821 |
| Alan B Rosenthal | Trustee | 0.1 | — |
| Alan Kadish | President, Ceo and Trustee | 10.8 | — |
| Ammir Rabadi | Trustee | 0.1 | — |
| Avi Retter | Trustee | 0.1 | — |
| Ben Chouake | Trustee | 0.4 | — |
| Dee Delbello | Trustee | 0.1 | — |
| Eliot Peyser | Trustee | 0.2 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Constellation Newenergy Inc | Energy Management Services | $3,853,798 |
| Pavarini North East Construction Company | Construction | $3,808,917 |
| Able Services | Cleaning Service | $1,865,824 |
| Elsevier Inc | Online Library Subscription | $838,883 |
| Life Technologies Corporation | Instructional & Med Supplies | $556,149 |
Grants received · $9.5M total
115 grants to New York Medical College totaling $9.5M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| American Heart Association Inc | Research | 2024 | $300,000 |
| Public Health Institute | Research | 2024 | $42,000 |
| Raymond James Charitable Endowment Fund | General support | 2024 | $15,000 |
| United Way Miami Inc | General support | 2024 | $7,720 |
| The New York Community Trust | For a scholarship award. | 2024 | $6,500 |
| American Heart Association Inc | Research | 2023 | $531,000 |
| Breakthrough T1d | T1d research | 2023 | $250,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $161,775 |
| Trustees of Columbia University | Research | 2023 | $47,250 |
| Donor Advised Charitable Giving | Health | 2023 | $24,125 |
| Public Health Institute | Research | 2023 | $22,000 |
| American Endowment Foundation | Educational | 2023 | $15,970 |
| The New York Community Trust | For a scholarship award. | 2023 | $15,000 |
| University of Pittsburgh | Research- subcontract | 2023 | $13,912 |
| National Philanthropic Tr | Culture & arts | 2023 | $13,250 |
Grants made · $1.6M in FY2023
23 grants totaling $1.6M in FY2023 — showing the 15 largest. All grants made by New York Medical College →
| Recipient | Purpose | Amount |
|---|---|---|
| Texas Biomedical Research Institute | Research | $402,135 |
| Oregon Health and Science University | Research | $234,908 |
| Nationwide Childrens Hospital Inc | Research | $116,925 |
| University of North Carolina At Chapel Hill | Research | $114,305 |
| Ohio State University | Research | $112,689 |
| Augusta University Research Institute Inc | Research | $89,845 |
| The University of Texas At Austin | Research | $85,222 |
| University of Chicago | Research | $80,820 |
| University of Pittsburgh | Research | $67,587 |
| Western Washington University | Research | $57,110 |
| University of Maryland Baltimore | Research | $50,987 |
| Raadysan Biotech Inc | Research | $48,000 |
| Washington University | Research | $33,377 |
| The Medical College of Wisconsin Inc | Research | $28,608 |
| Baystate Medical Center Inc | Research | $28,318 |
Frequently asked questions
- Is New York Medical College a legitimate nonprofit?
- Yes. New York Medical College is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 13-1099420, based in Valhalla, New York. Donations are tax-deductible.
- What is New York Medical College's EIN?
- New York Medical College's Employer Identification Number (EIN) is 13-1099420.
- How much revenue does New York Medical College report?
- New York Medical College reported $123,829,598 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of New York Medical College's spending goes to programs?
- New York Medical College spends about 77% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does New York Medical College have?
- CharityIndex grades New York Medical College B, based on program efficiency and fundraising cost.
- How much does New York Medical College's highest-paid employee make?
- The highest reported compensation on New York Medical College's latest Form 990 is $658,482, paid to Edward C Halperin (Chancellor of Health Aff & Ceo).
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Data for New York Medical College (EIN 13-1099420) 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.