Nyu Langone Hospitals

Overview

Mission

The board adopted mission statement is: nyu langone hospitals (the "hospital") will operate with New York university's medical schools a health system ("nyu langone health") devoted to excellence in patient care, education and research. In furtherance of its mission, the hospital will provide access to health care and improve health in the communities it serves and operate an emergency room open to all persons regardless of ability to pay.

What it reported doing in 2024

See schedule onyu langone hospitals ("hospitals") is a quaternary teaching hospital that operates six inpatient acute care facilities and over 40 article 28-licensed facilities in manhattan, brooklyn, queens and long island. Inpatient facilities in manhattan include the kimmel pavilion (which also houses the hassenfeld children's hospital) and tisch hospital, both of which are located on the main 34th street campus and have a combined 813-beds, as well as nyu langone orthopedic hospital, which is a 225-bed facility specializing in orthopedic, neurologic, and rheumatologic services. Nyu langone hospital-brooklyn ("nyu langone brooklyn") is a 444-bed facility in the sunset park neghborhood of brooklyn. Nyu langone hospital - long island ("nyu langone long island") is a 591-bed facility located in mineola, New York. Nyu langone hospital - suffolk ("nyu langone suffolk") is a 306-bed facility located in patchogue, New York. Ambulatory facilities include the laura and isaac perlmutter cancer center ("cancer center"), a comprehensive cancer and ambulatory care center, the joseph s. And diane h. Steinberg ambulatory care center, in the cobble hill neighborhood of brooklyn, which includes a free-standing emergency department, amongst others.for the fiscal year ended august 31, 2025 nyu langone hospitals had 130,082 discharges (excluding newborns) and provided 1,988,024 outpatient visits (emergency room - 312,188, clinical cancer center - 403,729, ambulatory surgery procedures - 163,638 and 1,108,469 other outpatient visits). Patients remained in-house on average of 4.9 days, resulting in 641,545 days (excluding newborns) of care provided.

Operating model

Revenue model
Earned-program. 96% of the money available for current operations came from fees and other program revenue.
Distribution model
Hybrid. The nonprofit split its reported program spending across 79% for direct work, and 21% for grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

Nonprofit profile at a glance

EIN
133971298
IRS 990 coverage
2009–2024
Forms available
Form 990 2024, Form 990-T 2024
Headquarters
New York, NY, USA
Phone
2122633474
Rating
83
Verdict
STRONG
Rating confidence
Moderate
Sector
Hospitals and Related Primary Medical Care Facilities

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports few safeguards for money sent abroad and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 80
  • Transparency & Controls: 81
  • Accountability: 94
  • Sustainability: 57
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 81%; rating input score 81
  • Program expense ratio: 87.4%; rating input score 87
  • Fundraising efficiency: $16.33 raised per $1 spent on fundraising; rating input score 53; 53rd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
  • Pay-setting controls: 5 of 6 controls in place; rating input score 83
    • Compensation committee: Pass
    • Independent consultant: Pass
    • Other Form 990s reviewed: Missing
    • Written employment contract: Pass
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Scored; rating input score 0
  • Grant itemization coverage: 100%; rating input score 100; 53rd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 88.9%; rating input score 89; 34th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 6.4%; rating input score 62; 62nd percentile among comparable filings
  • Total-asset coverage ratio: 1.33; rating input score 48; 48th percentile among comparable filings
  • Liabilities to assets ratio: 0.44; rating input score 41; 41st percentile among comparable filings
  • Officer compensation ratio: 0.7%; rating input score 79; 79th percentile among comparable filings

Growth

  • Program expense growth: 13.1% per year; rating input score 100; 83rd percentile among comparable filings
  • Revenue growth: 12.3% per year; rating input score 100; 83rd percentile among comparable filings
  • Asset growth: 12.3% per year; rating input score 100; 79th percentile among comparable filings

Details

  • Where the money goes: 81% of revenue deployed · 87.4% of spending went to programs
  • Governance: 40 of 45 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $8.6B in reported program spending
  • Leadership: top reported pay $30.3M · 69 people listed · 5 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $114.7M reported
  • Consistency: 40 of 40 current checks pass
  • Schedules: 13 filed schedules · includes major donors, foreign activity, grants, executive pay, and related organizations
  • Filing history: 16 annual filings from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 23 filed money-flow records
  • Related organizations: 26 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Leadership & pay

69 people listed

Highest reported compensation

  • ROBERT I GROSSMAN MD (EX-OFFICIO, DEAN & CEO): $30,286,568 total reported compensation
  • JOSEPH J LHOTA (EVP/VICE DEAN, CFO & CHF OF STAFF): $14,041,098 total reported compensation
  • ANDREW W BROTMAN MD (EVP/VICE DEAN CHIEF CLINICAL OFFCR): $10,959,382 total reported compensation

Source: IRS Form 990. Selected filing: FY2024.