Albany Med Health System
Nonprofit profile at a glance
- EIN
- 141641730
- IRS 990 coverage
- 2010–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Albany, NY, USA
- Phone
- 518-262-3125
- Rating
- 90
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Community Health Systems
Reported finances
- Revenue
- $316,046,827
- Expenses
- $312,456,150
- Assets
- $513,823,090
- Liabilities
- $472,926,481
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
42 people listed
Executive titles in this filing
- DENNIS P MCKENNA MD (PRESIDENT & CEO)
Highest reported compensation
- DENNIS P MCKENNA MD (PRESIDENT & CEO): $2,495,953 total reported compensation
- ALAN S BOULOS MD (EVP & DEAN ALB MED COL): $1,536,239 total reported compensation
- FRANCES S ALBERT (SR.EVP, COO & CFO): $1,425,996 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Albany Med Health System is committed to patient experience, quality, and clinical excellence by delivering accessible, collaborative and trusted care, advancing discovery, and educating the next generation of health care professionals (as stated on the ‘Our Story’ page). Medical and advocacy support for adult and pediatric victims of sexual assault, domestic violence, abuse, or maltreatment. Our team of certified forensic nurse examiners is available for bedside assessment, evaluation, and support at Albany Medical Center, Columbia Memorial Health, and Glens Falls Hospital. 24-hour high-level stroke and cardiac care Psychiatric, drug, and acute alcohol treatment and evaluation. Your support allows us to provide the most advanced care to all our patients, regardless of their ability to pay. Many of those services are not covered by insurance or the government. That means you have a...
What it reported doing in 2024
Building operations: cost of maintenance and repairs to buildings for use by albany med health system.financial management: centralized corporate finance related operations for the albany med health system.materials management: centralized supply related operations for the albany med health system.
Operating model
- Revenue model
- Other-operating. 97% of the money available for current operations came from other operating revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 88
- Transparency & Controls: 95
- Accountability: 96
- Sustainability: 41
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 99%; rating input score 99
- Program expense ratio: 100%; rating input score 100
- Fundraising efficiency: Limited
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: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 93.8%; rating input score 94; 44th 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: 1.1%; rating input score 38; 38th percentile among comparable filings
- Total-asset coverage ratio: 1.64; rating input score 56; 56th percentile among comparable filings
- Liabilities to assets ratio: 0.92; rating input score 10; 10th percentile among comparable filings
- Officer compensation ratio: 2.5%; rating input score 45; 45th percentile among comparable filings
Growth
- Program expense growth: 8.1% per year; rating input score 100; 65th percentile among comparable filings
- Revenue growth: 7.9% per year; rating input score 100; 66th percentile among comparable filings
- Asset growth: 8.1% per year; rating input score 100; 59th percentile among comparable filings
Details
- What they do: 4 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: 99% of revenue deployed · 100% of spending went to programs
- Governance: 30 of 32 board members independent · 9 of 9 filing controls reported
- Programs: 4 filed program accomplishments · $312.5M in reported program spending
- Leadership: top reported pay $2.5M · 42 people listed · 5 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $141M reported
- Consistency: 35 of 35 current checks pass
- Schedules: 9 filed schedules · includes major donors, executive pay, and related organizations
- Filing history: 13 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 8 filed money-flow records
- Related organizations: 25 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Sustainability: Operating margin scored 38/100.
- Review — Sustainability: Total-asset coverage ratio scored 56/100.
- High — Sustainability: Liabilities to assets ratio scored 10/100.
- Moderate — Sustainability: Officer compensation ratio scored 45/100.