St Peter's Hospital Foundation Inc
Nonprofit profile at a glance
- EIN
- 222262982
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Albany, NY, USA
- Phone
- 5184824433
- Rating
- 68
- Verdict
- SUPPORTED
- Rating confidence
- Standard
Reported finances
- Revenue
- $6,350,219
- Expenses
- $3,889,290
- Assets
- $18,576,233
- Liabilities
- $1,393,383
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
33 people listed
Executive titles in this filing
- MICHAEL CONWAY (DIRECTOR; PRESIDENT)
- SHANNON GALUSKI (EXECUTIVE DIRECTOR)
Highest reported compensation
- STEVEN HANKS MD (PRES & CFO & TREASURER - NY REGION): $1,744,842 total reported compensation
- VARDAN AMIRBEKIAN MD (DIRECTOR; SPHP MED ASSOC PHYSICIAN): $1,632,343 total reported compensation
- DENNIS RASSIAS MD (DIRECTOR; SPHP MED ASSOC PHYSICIAN): $1,596,150 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
We, st. Peter's health partners and trinity health, serve together in the spirit of the gospel as a compassionate and transforming healing presence within our communities. St. Peter's hospital foundation is a member of st. Peter's health partners and trinity health.
What it reported doing in 2024
St. Peter's hospital foundation receives, maintains, and distributes funds exclusively for the charitable activities of st. Peter's hospital and other tax-exempt affiliates. St. Peter's hospital foundation provided over $2.6 million of support to st. Peter's hospital and its affiliates for the period ending june 30, 2025. The foundation raised over $5.7 million during fy25 with the assistance of dedicated volunteers and generous friends. Please visit our website for additional information: www.givetostpeters.org
Operating model
- Revenue model
- Donor-supported. 68% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
The verdict
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.
Rating breakdown
- Financial Efficiency: 52
- Transparency & Controls: 76
- Accountability: 84
- Sustainability: 75
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 47.4%; rating input score 47
- Program expense ratio: 68.5%; rating input score 69
- Fundraising efficiency: $6.19 raised per $1 spent on fundraising; rating input score 23; 23rd percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd 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: Yes; rating input score 100
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 88.9%; rating input score 89; 20th 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: 38.8%; rating input score 88; 88th percentile among comparable filings
- Total-asset coverage ratio: 4.78; rating input score 83; 83rd percentile among comparable filings
- Liabilities to assets ratio: 0.08; rating input score 64; 64th percentile among comparable filings
- Officer compensation ratio: 20.5%; rating input score 12; 12th percentile among comparable filings
Growth
- Program expense growth: 3.3% per year; rating input score 100; 29th percentile among comparable filings
- Revenue growth: 4.2% per year; rating input score 100; 36th percentile among comparable filings
- Asset growth: -4.8% per year; rating input score 0; 4th percentile among comparable filings
Details
- Where the money goes: 47.4% of revenue deployed · 68.5% of spending went to programs
- Governance: 24 of 27 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $2.7M in reported program spending
- Leadership: top reported pay $1.7M · 33 people listed · 0 of 6 pay-setting controls reported
- Consistency: 32 of 32 current checks pass
- Schedules: 8 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: 5 filed money-flow records
- Related organizations: 327 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.
- Moderate — Financial Efficiency: Mission deployment rate scored 47/100.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- High — Financial Efficiency: Fundraising efficiency scored 23/100.
- Review — Accountability: Governance controls: 2 of 9 not reported.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 12/100.