Albany Med Health System
Albany Med Health System reported $316.0 million in revenue and $312.5 million in expenses for calendar year 2024. Of every $100 it spent, $100.00 went to program services, $0.00 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 98.8% of the total. The highest compensation it reported for one person was $2,495,953 (PRESIDENT & CEO). 281 people received more than $100,000 in reportable compensation. Revenue rose 57% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $312MFor context, the median across 5,634 covered health care charities: $86.19 programs, $13.81 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $316MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 100.0% | 85.6% |
| Management & general Part IX 25(C) ÷ 25(A) | 0.0% | 13.7% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | Not reported | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 0.0% | 1.3% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 0.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 98.8% | 93.7% |
| Highest reported compensation Part VII-A, columns D–F | $2,495,953 | $975,831 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.80% | 1.34% |
| People paid over $100,000 Part VII, line 2 | 281 | 27 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 1.6 | 6.6 |
| Independent voting board members Part VI 1a–1b | 30 of 32 | 88.9% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseInformation systems & services: centralized maintenance and upgrade of various information systems and other computer support such as personal computer maintenance, education, etc. For the Albany Med Health System
Other administrative support services: the Albany Med Health System coordinates planning, financial, information and policy direction for our affiliated exempt organizations
Pharmacy services: the pharmacy earns revenue and incurs expenses for filling scripts, specialty, non-specialty and non-340b eligible, primarily for amc patients and employees
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT & CEO Director/trustee, officer, 8.00 hrs/week | $2,094,344 | $0 | $401,609 | $2,495,953 |
| EVP & DEAN ALB MED COL Key employee, 1.00 hrs/week | $0 | $1,384,383 | $151,856 | $1,536,239 |
| SR.EVP, COO & CFO Officer, 6.00 hrs/week | $1,306,913 | $0 | $119,083 | $1,425,996 |
| EVP & GENERAL COUNSEL Key employee, 26.00 hrs/week | $843,013 | $0 | $102,445 | $945,458 |
| EVP HOSP GEN DIRECTOR Key employee, 1.00 hrs/week | $0 | $748,539 | $45,944 | $794,483 |
| SVP & CIO Highest compensated employee, 40.00 hrs/week | $677,491 | $0 | $100,029 | $777,520 |
| SVP & CHIO Highest compensated employee, 40.00 hrs/week | $605,363 | $0 | $87,784 | $693,147 |
| VP HUMAN RESOURCES Highest compensated employee, 40.00 hrs/week | $458,855 | $0 | $57,669 | $516,524 |
281 people received more than $100,000 in reportable compensation from Albany Med Health System (Part VII, line 2). Compensation of current officers, directors and key employees totaled $4.9M (Part IX, line 5).
5 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b32 · 30 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 51,871
- Volunteers Part I, line 636
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| HEALTHTRUST WORKFORCE SOLUTIONS Staffing solutions | $71,843,011 |
| EPIC SYSTEMS CORPORATION It support services | $22,769,948 |
| ARAMARK HEALTHCARE Environmental services | $20,845,961 |
| SHIELDS HEALTH SOLUTIONS Medical services | $15,566,594 |
| LABORATORY CORPORATION OF AMERICA Diagnostic testing services | $9,937,803 |
Individuals listed as contractors are left out. 202 contractors were paid more than $100,000 in all.
Correct a figure or respond
Every number above is copied from Albany Med Health System's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Albany Med Health System, you can publish a response that is linked from this page.
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Of every $100 Albany Med Health System spent in 2024, $100.00 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Sturdy Memorial HospitalAttleboro, MA · revenue $316M · programs 87.0% · FY2025
- McLaren Northern MichiganPetoskey, MI · revenue $316M · programs 76.3% · FY2025
- St Joseph HospitalNashua, NH · revenue $316M · programs 89.5% · 2024
- Health Plan of CareoregonPortland, OR · revenue $317M · programs 94.6% · 2024
- The Association of Chrmc and University PhysiciansSeattle, WA · revenue $315M · programs 96.1% · FY2025
Questions people ask
How much of Albany Med Health System's spending goes to programs?
In calendar year 2024, Albany Med Health System reported that 100.0% of its $312.5 million in expenses went to program services, 0.0% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Albany Med Health System pay its top executive?
The largest total compensation Albany Med Health System reported for one person in calendar year 2024 was $2,495,953, for the role of PRESIDENT & CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Albany Med Health System get its money?
Of $316.0 million in revenue in calendar year 2024, 0.0% came from contributions and grants and 98.8% from program service revenue (Form 990, Part VIII).
Is Albany Med Health System a registered charity?
The IRS lists EIN 14-1641730 as a 501(c)(3) organization (supporting organization, type ii), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202543179349305774 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202413199349307631 · read the filing
- 2022: Form 990 for calendar year 2022, object 202333189349317093 · read the filing
- 2021: Form 990 for calendar year 2021, object 202233149349307568 · read the filing
- 2019: Form 990 for calendar year 2019, object 202013189349308386 · read the filing
All filings for EIN 14-1641730: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.