Albert Einstein Medical Center

Nonprofit profile at a glance

EIN
231396794
IRS 990 coverage
2009–2011
Forms available
Form 990 2011
Location
Philadelphia, PA, USA
Phone
2154566760
Rating confidence
Limited
Sector
Fund Raising and/or Fund Distribution

Official website

Reported finances

Revenue
$739,565,671
Expenses
$716,604,663
Assets
$840,652,000
Liabilities
$538,435,000

Source: IRS Form 990. Selected filing: tax year 2011. Amounts in USD.

Leadership & pay

35 people listed

Source: IRS Form 990. Selected filing: tax year 2011. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The albert einstein healthcare network is a not-for-profit corporation that controls related organizations in a health care delivery system serving the greater Delaware valley through sole membership in those related organizations. The albert einstein healthcare network ("aehn"), the parent company, together with its related member organizations, comprises the albert einstein healthcare network ("network"). Albert einstein medical center ("aemc") is a controlled organization through sole aehn membership. Aemc is licensed to operate 575 acute care beds, 197 rehabilitation beds, 138 skilled nursing beds and an outpatient surgical center across three campuses. Aemc has as its principal purpose the furnishing of comprehensive medical services, including diagnostic and curative medical care, preventive medical care, care of the chronically ill, rehabilitation of the disabled and semi-invalid, dental care, psychiatric care, improved facilities for the ambulant sick and for convalescents, ade

What it reported doing in 2011

AEMC is licensed to operate 575 acute care beds. Tertiary care is provided through two locations, its main campus in North Philadelphia and its campus at Elkins Park. In addition, AEMC operates a 24-hour Level I Trauma Center with an open admissions policy providing emergency services to the community.

Operating model

Revenue model
Earned-program. 94% of the money available for current operations came from fees and other program revenue.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 69
  • Accountability: 80
  • Sustainability: 51
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 65.2%; rating input score 65; 19th 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: 3.1%; rating input score 50; 50th percentile among comparable filings
  • Total-asset coverage ratio: 1.17; rating input score 49; 49th percentile among comparable filings
  • Liabilities to assets ratio: 0.64; rating input score 29; 29th percentile among comparable filings
  • Officer compensation ratio: 0.7%; rating input score 82; 82nd percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 1.8% per year; rating input score 100; 33rd percentile among comparable filings
  • Asset growth: 5.6% per year; rating input score 100; 55th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 15 of 23 board members independent · 9 of 9 filing controls reported
  • Programs: 6 filed program accomplishments · $632.7M in reported program spending
  • Leadership: top reported pay $1.9M · 35 people listed · 0 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed
  • Consistency: 33 of 33 current checks pass
  • Schedules: 10 filed schedules · includes major donors and executive pay
  • Filing history: 3 filing years from 2009 to 2011
  • Related organizations: 16 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.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • Review — Sustainability: Operating margin scored 50/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 49/100.
  • High — Sustainability: Liabilities to assets ratio scored 29/100.