Montefiore Mount Vernon Hospital

Nonprofit profile at a glance

EIN
462916938
IRS 990 coverage
2014–2024
Forms available
Form 990 2024
Location
Mount Vernon, NY, USA
Phone
9143498455
Rating
79
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Hospitals and Related Primary Medical Care Facilities

Official website

Reported finances

Revenue
$111,475,040
Expenses
$115,413,923
Assets
$51,016,299
Liabilities
$108,146,560

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

43 people listed

Executive titles in this filing

  • PHILIP O OZUAH MD PHD (PRESIDENT & CEO)

Highest reported compensation

  • PHILIP O OZUAH MD PHD (PRESIDENT & CEO): $16,690,037 total reported compensation
  • COLLEEN BLYE (EXEC VP & CFO): $4,280,008 total reported compensation
  • SUSAN GREEN-LORENZEN RN (SYSTEM SENIOR VP-OPERATIONS): $3,118,181 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Mission: to heal, to teach, to discover and to advance the health of the communities we serve. Values: humanity, innovation, teamwork, diversity and equity - our values define our philosophy of care. They shape our actions and motivate and inspire us to pursue excellence and achieve our goals.

What it reported doing in 2024

Montefiore mount vernon hospital is a 121 bed, community-based teaching hospital that has been serving the medical needs of the community since its inception. Montefiore mount vernon provides inpatient, critical care and ambulatory services to residents of lower westchester county. The hospital is part of the montefiore health system, the university hospital for the albert einstein college of medicine. Montefiore mount vernon hospital began operations on november 6, 2013 as part of the montefiore health system. Montefiore vernon's mission is to heal, to teach, to discover and to advance the health of the communities it serves. To this mission, the health system brings a unique synergy of strengths and resources that has helped define healthcare delivery in the area and have earned mount vernon the distinction of being a designated New York stroke and HIV/AIDS center. Mount vernon hospital is also home to the beale chronic wound treatment and hyperbaric center and the montefiore school of nursing. The hospital provides a range of diagnostic and therapeutic medical and surgical services in addition to specialty programs and services. It operates a family health and wellness center with more than 20 specialized ambulatory care clinics as well as an inpatient and outpatient behavioral health program offering psychiatric services. The hospital also operates a chronic wound treatment and hyperbaric medicine center that offers advance wound management as well as hyperbaric oxygen therapy helping to reduce the risk of amputation for individuals suffering from traumatic injuries. Montefiore mount vernon hospital also operates a drug and alcohol addiction rehabilitation facility located in close proximity to their main campus committed to helping those addicted in getting the treatment that they need. The center offers personalized treatment program specifically designed for the patient including group counseling, 12-step programs, medically assisted detoxification, and individual counseling, among others, that can help to give our patients the confidence needed to successfully overcome their addiction to drugs or alcohol. Montefiore mount vernon hospital had 3,313 addmissions, 3,573 discharges, 18,137 ed visits, 14,499 clinic visits, and 1,511 ambulatory surgery in 2024.

Operating model

Revenue model
Other-operating. 77% 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

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 86
  • Transparency & Controls: 71
  • Accountability: 89
  • Sustainability: 19
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 97.6%; rating input score 98
  • Program expense ratio: 94.3%; rating input score 94
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 68th 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: Yes; rating input score 100

Accountability

  • Independent voting board: 97%; rating input score 97; 52nd percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • 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: 0.44; rating input score 16; 16th percentile among comparable filings
  • Liabilities to assets ratio: 2.12; rating input score 2; 2nd percentile among comparable filings
  • Officer compensation ratio: 2%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 2.9% per year; rating input score 100; 21st percentile among comparable filings
  • Revenue growth: 0.7% per year; rating input score 100; 7th percentile among comparable filings
  • Asset growth: 5.5% per year; rating input score 100; 40th percentile among comparable filings

Details

  • Where the money goes: 97.6% of revenue deployed · 94.3% of spending went to programs
  • Governance: 32 of 33 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $108.8M in reported program spending
  • Leadership: top reported pay $16.7M · 43 people listed · 0 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $15.9M reported
  • Consistency: 31 of 31 current checks pass
  • Schedules: 8 filed schedules · includes major donors, executive pay, and related organizations
  • Filing history: 10 filing years from 2014 to 2024
  • Contacts: How to reach this organization
  • Money network: 5 filed money-flow records
  • Related organizations: 57 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.
  • High — Sustainability: Operating margin scored 15/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • High — Sustainability: Total-asset coverage ratio scored 16/100.
  • High — Sustainability: Liabilities to assets ratio scored 2/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.