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Albany Med Health System

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 141641730 ✦ Albany, NY ✦ Designated as a 501(c)(3)

Overview

What is Albany Med Health System?

Albany Med Health System is a renowned academic health sciences organization based in Albany, New York. With a workforce of 1,828 employees, their mission encompasses three primary responsibilities: delivering patient services to the people of eastern New York and western New England, educating health care professionals, and conducting biomedical research. They aim to meet future health care needs by fostering scientific advancements and improving public health. Their commitment to quality, excellence, collaboration, integrity, fiscal responsibility, and future development is reflected in their vision to work with other providers and offer advanced clinical services, emphasizing quality and service. Their operations include centralized maintenance and upgrades of various information systems and computer support.


Official website here: www.albanymed.org

Is Albany Med Health System legitimate?

Albany Med Health System is a legitimate nonprofit organization registered as a 501(c)(3) entity. Albany Med Health System submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $5,162,236
Professional Fundraising Fees: $0
Other Salaries and Wages: $99,727,610

For more financial information, click here


Official website here: www.albanymed.org

What is the mission statement of Albany Med Health System?

Albany Med Health System is dedicated to providing a comprehensive range of patient services to individuals in eastern New York and western New England. As an academic health sciences system, it plays a significant role in educating future healthcare professionals and advancing biomedical research. This commitment to education and research is coupled with a mission to improve public health. The organization values quality, excellence, service, collaboration, integrity, and fiscal responsibility in all its endeavors. It aspires to grow as a leading academic health science system and collaborate with other providers to make advanced clinical services accessible to the public.


Official website here: www.albanymed.org

Who is the CEO of Albany Med Health System?

Dennis P Mckenna is the Principal Officer of Albany Med Health System. The CEO's salary of Albany Med Health System is $1,499,506 and their total compensation is $1,791,337.


Official website here: www.albanymed.org

What is the revenue of Albany Med Health System?

Albany Med Health System's revenue in 2022 was $249,647,567.


Official website here: www.albanymed.org

Who are the executives of Albany Med Health System and what are their salaries?

The average compensation at Albany Med Health System during 2022 was $57,380. There are 1,828 employees and 36 volunteers at Albany Med Health System.

Here are 48 key members and their salaries (Albany Med Health System's CEO's salary is $1,499,506 and their total compensation is $1,791,337):

    Dennis P Mckenna Md (President & Ceo) [Trustee/Director]
  • Compensation: $1,499,506
  • Related: $0
  • Other: $291,831

    • Vincent Verdile Md (Dean Emeritus)
  • Compensation: $0
  • Related: $1,437,121
  • Other: $93,292

    • Steven M Frisch Md (Sr Exec Vp Integrated Deliv System)
  • Compensation: $1,309,999
  • Related: $0
  • Other: $74,928

    • Frances S Albert (Evp Coo & Cfo)
  • Compensation: $1,119,966
  • Related: $0
  • Other: $94,468

    • Alan S Boulos Md (Evp & Dean Albany Medical College)
  • Compensation: $0
  • Related: $1,062,687
  • Other: $36,526

    • Matthew C Jones (Evp & General Counsel)
  • Compensation: $726,776
  • Related: $0
  • Other: $81,407

    • Steven M Parnes Md (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $752,473
  • Other: $33,872

    • Ferdinand J Venditti Jr Md (Evp System Care Delivery-Vdeanclnaf)
  • Compensation: $0
  • Related: $564,947
  • Other: $17,786

    • Kristopher P Kusche (Svp & Cio)
  • Compensation: $505,886
  • Related: $0
  • Other: $76,552

    • Peter Paige Md (Evp Amhs & Hosp General Director)
  • Compensation: $0
  • Related: $428,860
  • Other: $22,708

    • Matthew I Cooper (Vp Finance)
  • Compensation: $402,432
  • Related: $0
  • Other: $16,880

    • Noel C Hogan (Svp Corp Complianc)
  • Compensation: $346,714
  • Related: $0
  • Other: $54,673

    • Sandra J Castilla (Vp Human Resources)
  • Compensation: $354,647
  • Related: $0
  • Other: $33,072

    • Victor Becker (Svp & Chio)
  • Compensation: $353,518
  • Related: $0
  • Other: $13,714

    • James J Barba (Board Member) [Trustee/Director]
  • Compensation: $161,750
  • Related: $0
  • Other: $0

    • Anthony M Durante (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Raimundo C Archibold Jr (Vice Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Margaret Gillis (Vice Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kirk Kneller (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michael H Iacolucci (Mbr Thru 12/22) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • James Cullum (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Robert T Cushing (Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Glenda Kelman (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • R Wayne Diesel (Mbr Thru 6/22) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Sharon Duker (Vice Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Carolyn Stefanco Phd (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Daniel T Pickett Iii (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • David Golub (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mary Gail Biebel Phd (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Theresa Skaine (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Doug Hamlin (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Sujata Chaudhry (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Lillian Moy Esq (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michael Toohey (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Janice Smith (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • John B O'Connor (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • John J Nigro (Vice Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • James O Jackson Phd (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Candace King Weir (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jeffrey Stone (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Todd M Tidgewell (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Peter H Heerwagen (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ruth H Mahoney (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Morris C Massry (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Janice White Edd (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Carol Kim Phd (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Deborah Lans (Mbr Thru 6/22) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Lisa Moser (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.albanymed.org

    Where can I find the form 990 for Albany Med Health System?

    The Albany Med Health System’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.albanymed.org

    Learn more at the official website: www.albanymed.org

    Mission Statement of Albany Med Health System

    Albany Med Health System, a renowned academic health sciences system, is dedicated to a multifaceted mission. In simple terms, the organization is committed to delivering a wide spectrum of patient services to the populace of eastern New York and western New England. Beyond this, Albany Med Health System takes on the vital role of educating the next generation of medical professionals, including medical students, physicians, and biomedical students. This investment in education is essential for addressing the future health care requirements of the region and the nation.

    Moreover, Albany Med Health System is at the forefront of pushing the boundaries of biomedical research. Through rigorous scientific inquiry, the organization strives to uncover new discoveries and advancements that have the power to improve public health. These research efforts are a crucial component of Albany Med Health System's mission, driving progress in the medical field.

    To accomplish its mission, Albany Med Health System embodies a set of core values: Quality, Excellence, Service, Collaboration, Integrity, and Fiscal Responsibility. These values serve as the bedrock upon which the organization builds its educational, research, and patient care programs. Albany Med Health System's commitment to these values is unwavering, as it continues to develop as a leading academic health sciences system and collaborate with the community to provide top-tier education, research, and patient care.

    In the future, Albany Med Health System envisions expanding its reach to make comprehensive and advanced clinical services accessible to the public. This emphasis on quality and service is integral to the organization's vision, as it works alongside other providers to meet the growing health care needs of the community.

    Impact

    This information is meant to be a general summary of Albany Med Health System. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Albany Med Health System plays a crucial role in providing a broad range of patient services to the people of eastern New York and western New England. Additionally, it educates medical students, physicians, and other healthcare professionals to meet future healthcare needs. The organization also engages in biomedical research to drive scientific advancements and enhance public health. Overall, Albany Med Health System positively impacts the community by focusing on quality, excellence, service, collaboration, integrity, and fiscal responsibility to ensure the provision of nationally recognized academic health services.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $522,043
  • Program Service Revenue: $245,335,840
  • Gross Receipts: $250,035,417

    • Assets and Liabilities:
  • Total Assets: $349,891,864
  • Total Liabilities: $316,226,363
  • Net Assets: $33,665,501
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    Building Operation

    Revenue

    $31,874,054

    Financial Management

    Revenue

    $64,109,527

    Informat'n System/Service

    Revenue

    $41,786,139

    Materials Management

    Revenue

    $26,702,165

    Other Admin Support Serv

    Revenue

    $80,863,955

    Organization Details

    Founding Year

    1982

    Principal Officer

    Dennis P Mckenna

    Main Address

    47 New Scotland Ave MC116, Albany, NY, 12208

    NTEE Category

    Code: E21 - Health

    If you are a representative of Albany Med Health System and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.