Ellis Medicine
Legal name: Ellis Hospital D/b/a Ellis Medicine
Nonprofit profile at a glance
- EIN
- 141338428
- IRS 990 coverage
- 2010–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Schenectady, NY, United States
- Phone
- 518.243.4000
- Rating
- 83
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Hospital, General
Reported finances
- Revenue
- $466,118,879
- Expenses
- $482,435,529
- Assets
- $276,199,092
- Liabilities
- $193,700,130
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
25 people listed
Executive titles in this filing
- PAUL A MILTON (PRESIDENT / CEO)
- MARC MESICK (VICE PRESIDENT / CFO)
Highest reported compensation
- PAUL A MILTON (PRESIDENT / CEO): $861,105 total reported compensation
- KEITH C WILLARD (REGISTERED NURSE): $652,164 total reported compensation
- MARC MESICK (VICE PRESIDENT / CFO): $545,914 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The Foundation ensures quality healthcare in our community by raising, investing and distributing funds that support the lifesaving work performed at Ellis Medicine. Through charitable gifts, The Foundation helps advance Ellis’ mission to meet the health and wellness needs of our community with excellence. UPCOMING EVENT. Regardless of any future healthcare merger, The Foundation for Ellis Medicine is an independent 501(c)(3) organization, whose purpose is to provide financial and other assistance and support to Ellis Medicine and to its many charitable undertakings to enhance healthcare in the greater Schenectady, New York region. Gifts to the Foundation will remain with the Foundation and serve the Schenectady region. Please consult your financial and legal advisors to determine which of the suggested avenues of support are most advantageous to your unique situation. Based on your...
What it reported doing in 2024
See schedule o
Operating model
- Revenue model
- Earned-program. 94% of the money available for current operations came from fees and other program 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: 76
- Transparency & Controls: 90
- Accountability: 96
- Sustainability: 25
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 85.2%; rating input score 85
- Program expense ratio: 84.6%; rating input score 85
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
- Pay-setting controls: 4 of 6 controls in place; rating input score 67
- Compensation committee: Missing
- 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: Limited
Accountability
- Independent voting board: 93.3%; rating input score 93; 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: -3.5%; rating input score 15; 15th percentile among comparable filings
- Total-asset coverage ratio: 0.57; rating input score 22; 22nd percentile among comparable filings
- Liabilities to assets ratio: 0.7; rating input score 22; 22nd percentile among comparable filings
- Officer compensation ratio: 0.8%; rating input score 78; 78th percentile among comparable filings
Growth
- Program expense growth: 1.7% per year; rating input score 100; 14th percentile among comparable filings
- Revenue growth: 1.5% per year; rating input score 100; 11th percentile among comparable filings
- Asset growth: 1.3% per year; rating input score 100; 12th 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: 85.2% of revenue deployed · 84.6% of spending went to programs
- Governance: 14 of 15 board members independent · 9 of 9 filing controls reported
- Programs: 3 filed program accomplishments · $408.4M in reported program spending
- Leadership: top reported pay $861K · 25 people listed · 4 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $13.9M reported
- Consistency: 34 of 34 current checks pass
- Schedules: 9 filed schedules · includes major donors and executive pay
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 9 filed money-flow records
- Related organizations: 3 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.
- High — Sustainability: Operating margin scored 15/100.
- High — Sustainability: Total-asset coverage ratio scored 22/100.
- High — Sustainability: Liabilities to assets ratio scored 22/100.