Nyu Langone Health System

Nonprofit profile at a glance

EIN
472613531
IRS 990 coverage
2015–2024
Forms available
Form 990 2024
Location
New York, NY, USA
Phone
2122633474
Rating
80
Verdict
STRONG
Rating confidence
Moderate
Sector
Nonmonetary Support N.E.C.

Reported finances

Revenue
$27,107,101
Expenses
$26,892,794
Assets
$99,470,717
Liabilities
$109,215,156

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

Leadership & pay

60 people listed

Executive titles in this filing

  • ROBERT I GROSSMAN MD (EX-OFFICIO, DEAN & CEO)

Highest reported compensation

  • ROBERT I GROSSMAN MD (EX-OFFICIO, DEAN & CEO): $30,286,569 total reported compensation
  • JOSEPH J LHOTA (EVP/VICE DEAN, CHIEF OF STAFF, CFO): $14,041,099 total reported compensation
  • ANDREW W BROTMAN MD (EVP/VICE DEAN CHIEF CLINICAL OFFCR): $10,959,380 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 board adopted mission statement is: the corporation is operated exclusively for the benefit of nyu langone hospitals and its affiliated organizations. In this capacity, the corporation, may, in order to improve the health and welfare of the community served by the supported organizations: (i) plan, prepare for, promote, and assist the supported organizations with their respective missions, governance, policy making, and strategic planning; (ii) develop, sponsor, and promote services and programs that are charitable, scientific or educational and advance the knowledge and practice of, and education and research in, medicine, surgery, nursing, and other objects related to the care and treatment of humans; (iii) sponsor a licensed operator of chemical dependence, alcoholism and/or substance abuse services; and (iv) sponsor a licensed provider of mental health services.

What it reported doing in 2024

Nyu langone health system provided support to nyu langone hospitals ("nyulh") and nyu grossman school of medicine ("som") in order to promote and assist the supported organizations with their respective mission, governance, policy making, and strategic planning.

Operating model

Revenue model
Other-operating. 100% of the money available for current operations came from other operating revenue.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

The verdict

STRONG - 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 some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 88
  • Transparency & Controls: 74
  • Accountability: 84
  • Sustainability: 41
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 99.2%; rating input score 99
  • Program expense ratio: 100%; rating input score 100
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd 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: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 88.9%; rating input score 89; 21st 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: 0.8%; rating input score 37; 37th percentile among comparable filings
  • Total-asset coverage ratio: 3.7; rating input score 80; 80th percentile among comparable filings
  • Liabilities to assets ratio: 1.1; rating input score 4; 4th percentile among comparable filings
  • Officer compensation ratio: 43.8%; rating input score 0; 0th percentile among comparable filings

Growth

  • Program expense growth: 8.9% per year; rating input score 100; 66th percentile among comparable filings
  • Revenue growth: 10.3% per year; rating input score 100; 75th percentile among comparable filings
  • Asset growth: -8% per year; rating input score 0; 2nd percentile among comparable filings

Details

  • Where the money goes: 99.2% of revenue deployed · 100% of spending went to programs
  • Governance: 40 of 45 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $26.9M in reported program spending
  • Leadership: top reported pay $30.3M · 60 people listed · 0 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $55.8M reported
  • Consistency: 14 of 14 current checks pass
  • Schedules: 6 filed schedules · includes grants, executive pay, and related organizations
  • Filing history: 10 filing years from 2015 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 20 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 — Accountability: Governance controls: 2 of 9 not reported.
  • Moderate — Sustainability: Operating margin scored 37/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 4/100.