The Foundation of Newyork-presbyterianhudson Valley Hospital

Nonprofit profile at a glance

EIN
133307781
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Cortlandt Manor, NY, USA
Phone
9147343277
Rating
49
Verdict
MIXED
Rating confidence
Standard

Reported finances

Revenue
$907,117
Expenses
$22,161
Assets
$8,884,251
Liabilities
$0

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

Leadership & pay

7 people listed

Executive titles in this filing

  • KAREN WESTERVELT (DIRECTOR/PRESIDENT (THRU 4/2024))
  • PAUL J DUNPHEY (DIRECTOR/PRESIDENT)

Highest reported compensation

  • KAREN WESTERVELT (DIRECTOR/PRESIDENT (THRU 4/2024)): $1,610,434 total reported compensation
  • PAUL J DUNPHEY (DIRECTOR/PRESIDENT): $1,505,060 total reported compensation
  • STACEY PETROWER (DIRECTOR (THRU 4/2024)): $1,312,273 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 foundation of newyork-presbyterian/hudsonvalley hospital is organized to solicit, receive, and administer funds to be applied exclusively for charitable purposes on behalf of the hudson valley hospital center dba nyp/hudson valley hospital.

What it reported doing in 2024

The foundation of newyork-presbyterian/hudson valley hospital is organized to solicit, receive, and administer funds to be applied exclusively for charitable purposes on behalf of the hudson valley hospital center dba nyp/hudson valley hospital.

Operating model

Revenue model
Donor-supported. 95% 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

MIXED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and a relatively small share of voting board members are independent.

Rating breakdown

  • Financial Efficiency: 38
  • Transparency & Controls: 66
  • Accountability: 32
  • Sustainability: 87
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 3.6%; rating input score 4
  • Program expense ratio: 76.3%; rating input score 76
  • Fundraising efficiency: $242.92 raised per $1 spent on fundraising; rating input score 93; 93rd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 83.3%; rating input score 83; 1st 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: 91.7%; rating input score 92; 39th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 0%; rating input score 0; 5th 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: 97.6%; rating input score 100; 100th percentile among comparable filings
  • Total-asset coverage ratio: 400.9; rating input score 100; 100th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 91; 91st percentile among comparable filings
  • Officer compensation ratio: 2,377.8%; rating input score 0; 0th percentile among comparable filings

Growth

  • Program expense growth: -34.2% per year; rating input score 0; 1st percentile among comparable filings
  • Revenue growth: 0.3% per year; rating input score 100; 16th percentile among comparable filings
  • Asset growth: 2.3% per year; rating input score 100; 26th percentile among comparable filings

Details

  • Where the money goes: 3.6% of revenue deployed · 76.3% of spending went to programs
  • Governance: 0 of 3 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $17K in reported program spending
  • Leadership: top reported pay $1.6M · 7 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 17 of 19 current checks pass · 2 findings to review
  • Schedules: 7 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 13 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: 58 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 — Financial Efficiency: Mission deployment rate scored 4/100.
  • High — Accountability: Independent voting board scored 0/100.
  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Growth: Program expense growth scored 0/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
  • High — Sustainability: Officer compensation ratio scored 0/100.