St. Peter's Health Partners

Legal name: St Peter's Hospital

Nonprofit profile at a glance

EIN
141348692
IRS 990 coverage
2010–2024
Official website data refreshed
Sep 2026
Forms available
Form 990 2024, Form 990-T 2024
Location
Albany, NY, US
Phone
518-525-1550
Rating
75
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Hospital, General

Official website

Reported finances

Revenue
$882,442,021
Expenses
$773,161,739
Assets
$811,263,724
Liabilities
$213,146,953

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)

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

A mission of lessening human suffering and saving life.

What it reported doing in 2024

At st. Peter's hospital, caring for the community dates back to 1869 when four sisters of mercy founded st. Peter's hospital in downtown albany, ny. Today, st. Peter's hospital provides key services to the community including cardiac & vascular care, cancer care, women's & children's services, orthopedic care, gastroenterology, and bariatric care.st. Peter's hospital strives to increase quality outcomes through cutting edge technologies and the implementation of evidence-based practices. St. Peter's hospital is committed to providing safe, effective, compassionate care to patients by offering the most advanced treatment options in a unique, caring environment and has been recognized by national and state health care quality organizations for excellence in care. St. Peter's hospital serves patients with comprehensive medical care, free educational programs, and a host of community health screenings throughout the region. Please visit schedule h and our website for additional information about our services, recognitions and awards: www.sphp.com/location/st-peters-hospital

Operating model

Revenue model
Earned-program. 96% 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 some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 75
  • Transparency & Controls: 76
  • Accountability: 68
  • Sustainability: 65
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 79.8%; rating input score 80
  • Program expense ratio: 91.7%; rating input score 92
  • 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: 12.4%; rating input score 78; 78th percentile among comparable filings
  • Total-asset coverage ratio: 1.05; rating input score 41; 41st percentile among comparable filings
  • Liabilities to assets ratio: 0.26; rating input score 60; 60th percentile among comparable filings
  • Officer compensation ratio: 0.8%; rating input score 78; 78th percentile among comparable filings

Growth

  • Program expense growth: 4.2% per year; rating input score 100; 33rd percentile among comparable filings
  • Revenue growth: 4.6% per year; rating input score 100; 38th percentile among comparable filings
  • Asset growth: 1.1% per year; rating input score 100; 10th percentile among comparable filings

Details

  • What they do: 3 programs and campaigns described on the official site · 1 operating location identified
  • Where the money goes: 79.8% of revenue deployed · 91.7% of spending went to programs
  • Governance: 9 of 15 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $709.3M 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 · $22.8M reported
  • Consistency: 37 of 37 current checks pass
  • Schedules: 9 filed schedules · includes major donors, grants, executive pay, and related organizations
  • Filing history: 15 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 8 filed money-flow records
  • Related organizations: 309 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: Total-asset coverage ratio scored 41/100.