Montefiore Health System
Montefiore Health System reported $383.1 million in revenue and $429.2 million in expenses for calendar year 2024. Of every $100 it spent, $71.10 went to program services, $28.90 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: 98.7% of the total. The highest compensation it reported for one person was $16,690,037 (PRESIDENT & CEO). 700 people received more than $100,000 in reportable compensation. Revenue rose 24% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $429MFor 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 $383MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 71.1% | 85.6% |
| Management & general Part IX 25(C) ÷ 25(A) | 28.9% | 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 | 98.7% | 93.7% |
| Highest reported compensation Part VII-A, columns D–F | $16,690,037 | $975,831 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 3.89% | 1.34% |
| People paid over $100,000 Part VII, line 2 | 700 | 27 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 17.8 | 6.6 |
| Independent voting board members Part VI 1a–1b | 35 of 36 | 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 expenseMontefiore Health System, inc. Serves as the direct parent or indirect parent corporation operating in furtherance and support of montefiore medical center, montefiore new rochelle hospital, montefiore mount vernon hospital, schaffer extended care center, montefiore nyack hospital, white plains hospital medical center, the winifred masterson burke rehabilitation hospital, st luke's cornwall Health System, inc. As well as the other not-for profit and for-profit entities that have been formed in connection with the charitable, educational and scientific purposes, missions, and objectives of the…
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…
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
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, 2.0 hrs/week | $0 | $16,639,270 | $50,767 | $16,690,037 |
| EXEC VP & CFO Officer, 5.0 hrs/week | $0 | $4,248,644 | $31,364 | $4,280,008 |
| SVP & EXECUTIVE DIRECTOR MOSES & WAKEFIELD CAMPUSES Highest compensated employee, 0.0 hrs/week | $2,720,377 | $0 | $677,743 | $3,398,120 |
| SYSTEM SENIOR VP-OPERATIONS Key employee, 2.0 hrs/week | $3,093,931 | $0 | $24,250 | $3,118,181 |
| SVP & CHIEF MEDICAL OFFICER Highest compensated employee, 0.0 hrs/week | $2,131,426 | $0 | $50,943 | $2,182,369 |
| ASSISTANT SECRETARY Officer, 2.0 hrs/week | $0 | $1,918,564 | $47,673 | $1,966,237 |
| SVP-NET POPULATION HEALTH MGMT Highest compensated employee, 0.0 hrs/week | $1,432,692 | $0 | $50,767 | $1,483,459 |
| SVP & CHIEF INFORMATION OFFICER Highest compensated employee, 0.0 hrs/week | $970,258 | $0 | $0 | $970,258 |
700 people received more than $100,000 in reportable compensation from Montefiore Health System (Part VII, line 2). Compensation of current officers, directors and key employees totaled $2.6M (Part IX, line 5).
6 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–1b36 · 35 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 15aNo
- 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 4No
- 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 51,001
Private foundation grants it received
2 private foundations reported grants to Montefiore Health System totaling $51,000 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Montefiore 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 Montefiore Health System, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Montefiore Health System spent in 2024, $71.10 went to programs. The full breakdown, from its IRS Form 990:
Questions people ask
How much of Montefiore Health System's spending goes to programs?
In calendar year 2024, Montefiore Health System reported that 71.1% of its $429.2 million in expenses went to program services, 28.9% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Montefiore Health System pay its top executive?
The largest total compensation Montefiore Health System reported for one person in calendar year 2024 was $16,690,037, for the role of PRESIDENT & CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Montefiore Health System get its money?
Of $383.1 million in revenue in calendar year 2024, 0.0% came from contributions and grants and 98.7% from program service revenue (Form 990, Part VIII).
Is Montefiore Health System a registered charity?
The IRS lists EIN 20-1615393 as a 501(c)(3) organization (supporting organization (509(a)(3))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 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 202543179349310139 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202413199349308826 · read the filing
- 2022: Form 990 for calendar year 2022, object 202303179349310380 · read the filing
- 2021: Form 990 for calendar year 2021, object 202243149349307349 · read the filing
- 2020: Form 990 for calendar year 2020, object 202103179349302220 · read the filing
- 2019: Form 990 for calendar year 2019, object 202023169349303937 · read the filing
All filings for EIN 20-1615393: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.