Montefiore Nyack Hospital

What it reported doing in 2024

Montefiore nyack hospital is a 391-bed community acute care medical and surgical hospital founded in 1895. What started as a two-story house with nine beds, an operating room, nurse's parlor, reception area, and dining room has today become a premier academic community hospital. As part of the montefiore health system, montefiore nyack hospital brings the innovations and expertise of a renowned academic medical center to rockland county. Recent investments, including an expansion of our emergency department, a new state-of-the art cardiac catheterization lab, a breast center offering world-class academic medical care by the area's leading board-certified specialists, a comprehensive orthopedic and spine center, a joint replacement center and the madlyn borelli multiple sclerosis center, underscore our commitment to the communities we serve in providing top-tier medical care close to home. The hospital provides extensive inpatient and outpatient services, including addiction services, behavioral health, breast and women's health, cancer, cardiac care, clinical genetics, clinical trials, diabetes education, emergency medicine, food and drug allergy desensitization, hematology and oncology, home care services, imaging, infusion, joint replacement, lung cancer screening, maternity, multiple sclerosis care, nutrition counseling, orthopedic and spine, pain management, pediatrics, pharmacy, pulmonary rehabilitation, radiation oncology, respiratory services, robotic surgery, sleep medicine, stroke, trauma and wound care. The hospital has received numerous awards and accreditations for meeting or exceeding rigorous standards set forth by various private, state, and federal agencies. Among the honors are the joint commission's gold seal of approval for hip and knee joint replacement and stroke program; american college of radiology breast imaging center of excellence designation; american college of surgeons commission on cancer outstanding achievement award; and american heart association/american stroke association's get with the guidelines-stroke gold plus with honor roll elite quality achievement award, among others. We've been recognized for the exceptional care we provide in areas such as cancer surgery, joint replacement, cardiac care, treatment of stroke, breast imaging, sleep medicine, diabetes education and treatment of substance use disorders. Montefiore nyack hospital is also an american college of surgeons level iii trauma center, ny state designated stroke center, a New York state level ii special care nursery, and a wound care center of distinction. Montefiore nyack hospital offers many events, classes, and support groups to enrich the lives of the community. Some support groups and classes offered are: caregivers support groups, diabetes support groups and education programs; fall prevention program; life with cancer support group; mamas maravillosas, a spanish language support group; maternity and childbirth education programs; and new moms circle support group.

Financial Efficiency

• Mission deployment rate: 99.7%; rating input score 100
• Program expense ratio: 93%; rating input score 93
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
• Pay-setting controls: 6 of 6 controls in place; rating input score 100
  • Compensation committee: Pass
  • Independent consultant: Pass
  • Other Form 990s reviewed: Pass
  • 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: 96.4%; rating input score 96; 51st 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: -7.3%; rating input score 10; 10th percentile among comparable filings
• Total-asset coverage ratio: 0.76; rating input score 30; 30th percentile among comparable filings
• Liabilities to assets ratio: 0.79; rating input score 18; 18th percentile among comparable filings
• Officer compensation ratio: 1.6%; rating input score 63; 63rd percentile among comparable filings

Growth

• Program expense growth: 6.1% per year; rating input score 100; 49th percentile among comparable filings
• Revenue growth: 4.8% per year; rating input score 100; 41st percentile among comparable filings
• Asset growth: 11.6% per year; rating input score 100; 77th percentile among comparable filings