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Montefiore Health System Inc

EIN 20-1615393 · Bronx, NY

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

LegitimacyPassesRegistration and standingFinancial healthFair67 out of 100GovernanceStrong95 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

TO HEAL, TO TEACH, TO DISCOVER AND TO ADVANCE THE HEALTH OF THE COMMUNITIES WE SERVE. MONTEFIORE BUILDS UPON OUR RICH HISTORY OF MEDICAL INNOVATION AND COMMUNITY SERVICE TO IMPROVE THE LIVES OF THOSE IN OUR CARE. OUR MISSION IS EXEMPLIFIED IN OUR EXCEPTIONAL, COMPASSIONATE CARE AND DEDICATION TO IMPROVE THE WELL-BEING OF THOSE WE SERVE.

Income
$383.1 million
Spending
$429.2 million
Spent on programs
71%
Reserves
11.5 months of spending
Largest source of income
fees for its services, 99%
Employees
1,001
Volunteers
0
Highest pay
$16.7 million, president & ceo

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

Fair: 67 out of 100. Higher than 57% of charities in its peer group (health care, over $100m).

  • Reserves

    28 of 35

    Spendable reserves would cover 11.5 months of spending.

  • Debt

    10 of 20

    It owes 40% of what it owns.

  • Living within its means

    4 of 15

    Spending exceeded income by 12% of income.

  • Income trend

    10 of 15

    Income fell 3% on the year before.

  • Spending floor

    15 of 15

    71% 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

Strong: 95 out of 100. Higher than 36% of charities in its peer group (health care, over $100m).

  • Independent board

    25 of 25

    35 of 36 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

    0 of 5

    Reports no independent review process for its chief executive's pay.

  • Independent check of accounts

    15 of 15

    Its accounts were audited 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 (3)
  1. $302.6 million spent. MONTEFIORE 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 CORPORATION AND THE MONTEFIORE HEALTH SYSTEM. MONTEFIORE HEALTH SYSTEM'S OBJECTIVE IS TO IMPROVE AND ENHANCE THE GENERAL HEALTH AND WELL-BEING OF THE COMMUNITIES IT SERVES BY PROVIDING VARIOUS GOVERNANCE AND SUPPORT SERVICES TO THE CONSTITUENT ENTITIES OF THE HEALTH SYSTEM. MONTEFIORE INFORMATION TECHNOLOGY (MIT), THE FORMERLY DISREGARDED ENTITY OF THE ORGANIZATION, BECAME PART OF THE MONTEFIORE HEALTH SYSTEM, INC. 1-1-23. MIT WAS ORGANIZED PRIMARILY TO PROVIDE INFORMATION TECHNOLOGY SUPPORT SERVICES TO THE MEMBER ORGANIZATIONS, WORKING TO DEPLOY NEW TECHNOLOGIES AND DEFINE NEW BUSINESS PRACTICES IN ORDER TO PROVIDE STAKEHOLDERS ACROSS THE INSTITUTION WITH THE RESOURCES NEEDED TO MEET THEIR MOST DIFFICULT CHALLENGES. MONTEFIORE MEDICAL CENTER, THE UNIVERSITY HOSPITAL FOR ALBERT EINSTEIN COLLEGE OF MEDICINE AND ONE OF THE ORGANIZATION'S SUPPORTED ENTITY, IS ONE OF HEALTHCARE'S MOST WIRED HOSPITALS, WIDELY RECOGNIZED FOR ITS ABILITY TO ADOPT NEW TECHNOLOGY TO SUPPORT CLINICAL CARE, PATIENT SAFETY AND PRIVACY, INFRASTRUCTURE, BUSINESS AND ADMINISTRATIVE MANAGEMENT AND THE CONTINUUM OF CARE.
  2. $2.1 million spent. 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 FOR CERTAIN HEALTH AND SOCIAL SERVICES, INCLUDING CARE MANAGEMENT, HOME HEALTHCARE, CONSUMER-DIRECTED PERSONAL CARE, NURSING SERVICES, REHABILITATION, DENTAL AND OTHER PERSONAL SERVICES. EFFECTIVE 12/31/2023, MONTEFIORE HMO WAS CLOSED (SOLD) TO ELDERSERVE HEALTH CARE, INC. (RIVERSPRINGS). ALL MEMBERS WERE TRANSFERRED OUT OF THE MHMO PLAN TO EITHER RIVERSPRINGS OR BACK TO THE STATE FOR REASSIGNMENT.
  3. $422,598 spent. 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.

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 September 7, 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 September 30, 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 September 10, 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 September 7, 2026.

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

    Recognized by the IRS since July 2005.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 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 7, 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.