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
What are the reviews and ratings of this charity?
Charity Navigator rating: 81%, Three-Star out of Four Star rating.
Albany Med Health System has achieved a notable Three-Star rating from Charity Navigator, indicating a strong performance in accountability and financial health. The organization received an overall score of 81%, with its rating based entirely on the Accountability & Finance beacon. This score reflects the nonprofit's commitment to transparency and responsible financial practices.
Key strengths of Albany Med Health System include a high percentage of independent board members, effective oversight through an Audit and Oversight Committee, and robust policies regarding conflict of interest and whistleblower protections. Moreover, the organization boasts a perfect program expense ratio, showcasing its dedication to utilizing funds effectively for its programs.
However, one limitation identified in the rating is the organization's liabilities to assets ratio, which received no points. This suggests potential concerns regarding financial liabilities compared to its assets, warranting further attention to ensure long-term financial stability. Overall, the organization demonstrates a solid foundation while also facing challenges that could impact its future financial health.
This AI summary has been generated from information found on Charity Navigator.
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.
Heare 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 1828 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):
- Compensation: $1,499,506
- Related: $0
- Other: $291,831
- Compensation: $0
- Related: $1,437,121
- Other: $93,292
- Compensation: $1,309,999
- Related: $0
- Other: $74,928
- Compensation: $1,119,966
- Related: $0
- Other: $94,468
- Compensation: $0
- Related: $1,062,687
- Other: $36,526
- Compensation: $726,776
- Related: $0
- Other: $81,407
- Compensation: $0
- Related: $752,473
- Other: $33,872
- Compensation: $0
- Related: $564,947
- Other: $17,786
- Compensation: $505,886
- Related: $0
- Other: $76,552
- Compensation: $0
- Related: $428,860
- Other: $22,708
- Compensation: $402,432
- Related: $0
- Other: $16,880
- Compensation: $346,714
- Related: $0
- Other: $54,673
- Compensation: $354,647
- Related: $0
- Other: $33,072
- Compensation: $353,518
- Related: $0
- Other: $13,714
- Compensation: $161,750
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Official website here: www.albanymed.org
Where can I find the form 990 for Albany Med Health System?
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.
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Impact
October, 2024
Albany Med Health System significantly impacts the health and wellbeing of the communities in eastern New York and western New England. As an academic health sciences system, it plays a crucial role in educating future healthcare professionals, including medical and biomedical students, ensuring that the region is equipped to meet both current and future healthcare demands.
The system is dedicated to fostering biomedical research that leads to advancements in science and public health, thereby enhancing the quality of care provided to patients. Its commitment to a broad range of patient services showcases its integral role in the local healthcare landscape.
With values centered on Quality, Excellence, Service, Collaboration, Integrity, and Fiscal Responsibility, Albany Med Health System strives for continuous improvement and national recognition in academic health sciences. By partnering with various community organizations and providers, it aims to elevate the standard of healthcare, ensuring comprehensive and advanced clinical services are accessible to all. The vision for the future reinforces its dedication to high-quality education, research, and patient care, ultimately contributing to healthier communities in the region.
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.
Financials
This financial information is from Propublica.
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
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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
Phone
(518) 262-5585Principal Officer
Dennis P Mckenna
Main Address
47 New Scotland Ave MC116, Albany, NY, 12208
Website
www.albanymed.orgNTEE Category
Code: E21 - Health
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