St. Peter's Health Partners

Legal name: St Peter's Health Partners

Nonprofit profile at a glance

EIN
453570715
IRS 990 coverage
2012–2024
Official website data refreshed
Sep 2026
Forms available
Form 990 2024
Location
Albany, NY, USA
Phone
5185251550
Rating
69
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Community Health Systems

Official website

Reported finances

Revenue
$213,299,083
Expenses
$216,550,164
Assets
$150,032,938
Liabilities
$25,679,683

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

Leadership & pay

31 people listed

Executive titles in this filing

  • STEVEN HANKS MD (DIRECTOR; PRESIDENT & CEO)
  • KELLIE VALENTI (SPHPMA PRESIDENT)

Highest reported compensation

  • DANIEL ISACKSEN (DIRECTOR; TRINITY HEALTH CFO): $2,827,147 total reported compensation
  • STEVEN HANKS MD (DIRECTOR; PRESIDENT & CEO): $1,744,842 total reported compensation
  • THOMAS ROBERT (VP, CFO & TREAS - NY REG THR 11/24): $1,123,341 total reported compensation

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

Overview

Mission

To provide high-quality, compassionate, and sophisticated care to thousands of people every day.

What it reported doing in 2024

St. Peter's health partners was created in 2011 through the merger of seton health, northeast health and st. Peter's health care services. St. Peter's health partners provides oversight and support to its tax-exempt subsidiaries which serve a number of diverse communities throughout the greater capital region of upstate New York. These subsidiaries provide a vast array of hospital services, senior care and services, rehabilitation, specialty services and senior living options. St. Peter's health partners governs, manages, and provides long-range strategic planning, financial, legal and other expertise and support services to its subsidiaries. As a result of these services, st. Peter's health partners helps its constituent entities achieve their objective of providing state-of-the-art services to many segments of the community.please visit our website for additional information: www.sphp.com

Operating model

Revenue model
Earned-program. 99% 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

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: 65
  • Transparency & Controls: 76
  • Accountability: 68
  • Sustainability: 35
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 73.1%; rating input score 73
  • Program expense ratio: 72%; rating input score 72
  • 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: 100%; rating input score 100; 77th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 60%; rating input score 60; 16th 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: -1.5%; rating input score 20; 20th percentile among comparable filings
  • Total-asset coverage ratio: 0.69; rating input score 27; 27th percentile among comparable filings
  • Liabilities to assets ratio: 0.17; rating input score 73; 73rd percentile among comparable filings
  • Officer compensation ratio: 1%; rating input score 75; 75th percentile among comparable filings

Growth

  • Program expense growth: 5.4% per year; rating input score 100; 44th percentile among comparable filings
  • Revenue growth: 9.3% per year; rating input score 100; 74th percentile among comparable filings
  • Asset growth: 4.8% per year; rating input score 100; 34th percentile among comparable filings

Details

  • What they do: 4 programs and campaigns described on the official site · 3 operating locations identified
  • Where the money goes: 73.1% of revenue deployed · 72% of spending went to programs
  • Governance: 9 of 15 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $156M in reported program spending
  • Leadership: top reported pay $2.8M · 31 people listed · 0 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $4.4M reported
  • Consistency: 36 of 36 current checks pass
  • Schedules: 9 filed schedules · includes major donors, grants, executive pay, and related organizations
  • Filing history: 13 filing years from 2012 to 2024
  • Contacts: How to reach this organization
  • Money network: 5 filed money-flow records
  • Related organizations: 329 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 20/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • High — Sustainability: Total-asset coverage ratio scored 27/100.