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Svcmc Inc

EIN 13-4077996 · New York, NY

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthWeak42 out of 100GovernanceGood78 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

SEE SCHEDULE O

Income
$131.7 million
Spending
$148.0 million
Spent on programs
64%
Reserves
2.6 months of spending
Largest source of income
fees for its services, 98%
Employees
146
Volunteers
6
Highest pay
$809,054, chief legal officer

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Weak: 42 out of 100. Higher than 17% of charities in its peer group (health care, over $100m).

  • Reserves

    10 of 35

    Spendable reserves would cover 2.6 months of spending.

  • Debt

    5 of 20

    It owes 58% of what it owns.

  • Living within its means

    4 of 15

    Spending exceeded income by 12% of income.

  • Income trend

    15 of 15

    Income rose 7% on the year before.

  • Spending floor

    8 of 15

    64% of spending went to programs.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Good: 78 out of 100. Higher than 13% of charities in its peer group (health care, over $100m).

  • Independent board

    18 of 25

    3 of 3 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    0 of 15

    Its accounts were not audited or reviewed by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (1)
  1. $94.9 million spent. SVCMC, INC., FORMERLY SAINT VINCENT CATHOLIC MEDICAL CENTERS OF NEW YORK (THE ORGANIZATION") IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY FOR CHARITABLE, RELIGIOUS, EDUCATIONAL, AND SCIENTIFIC PURPOSES AS DEFINED UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE "CODE"), AS SET FORTH IN THE CORPORATION'S CERTIFICATE OF INCORPORATION, AS AMENDED FROM TIME TO TIME. THE ORGANIZATION CAME OUT OF THE CATHOLIC CHURCH'S GROUP RULING AND OBTAINED ITS OWN INDEPENDENT 501(C)(3) STATUS EFFECTIVE OCTOBER 10, 2024. THE ORGANIZATION OPERATES THE UNIFORMED SERVICES FAMILY HEALTH PLAN (USFHP), WHICH IS A TRICARE PRIME MILITARY HEALTH CARE OPTION THAT'S SPONSORED BY THE DEPARTMENT OF DEFENSE. USFHP HAS PROVIDED COMPREHENSIVE CARE FOR MILITARY FAMILIES FOR OVER 30 YEARS. THROUGH THE USFHP, THE ORGANIZATION OFFERS HEALTH CARE SERVICES, INCLUDING WELLNESS AND DISEASE PREVENTION PROGRAMS, DISEASE MANAGEMENT AND CONTINUITY OF CARE, TO MILITARY FAMILIES INCLUDING ACTIVE AND RETIRED NATIONAL GUARD AND RESERVISTS WHO RESIDE IN NEW JERSEY, NEW YORK CITY, WESTCHESTER, ORANGE, ROCKLAND, SUFFOLK, AND NASSAU COUNTIES, AS WELL AS EASTERN PENNSYLVANIA AND WESTERN CONNECTICUT. A VOLUNTARY PETITION FOR RELIEF UNDER CHAPTER 11 OF THE BANKRUPTCY CODE WAS FILED IN APRIL 2010; ON JUNE 15, 2012, A "DEBTOR'S PLAN" WAS APPROVED.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since March 1946.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.