WMCHealth
Legal name: WMC-New York Inc
Nonprofit profile at a glance
- EIN
- 134107864
- IRS 990 coverage
- 2010–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- Valhalla, NY, USA
- Phone
- 9144932187
- Rating
- 68
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Hospitals and Related Primary Medical Care Facilities
Reported finances
- Revenue
- $138,448,552
- Expenses
- $137,592,162
- Assets
- $33,345,102
- Liabilities
- $40,775,251
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
11 people listed
Executive titles in this filing
- JOHN MORGAN (EXECUTIVE DIRECTOR)
Highest reported compensation
- MICHAEL ISRAEL (TRUSTEE): $3,408,373 total reported compensation
- JULIE SWITZER (SECRETARY): $1,045,814 total reported compensation
- JOHN MORGAN (EXECUTIVE DIRECTOR): $874,531 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Wmc New York, inc. Shall at all times be operated exclusively for charitable, scientific, and educational purposes within the meaning of section 170(c)(2)(b) and 501(c)(3) of the code, and for the purpose of engaging in various activities that further, support, benefit or carry out the purposes, missions, objectives, operations, and activities of 1) wchcc, which includes, westchester medical center, the behavioral health center at westchester, maria fareri children's hospital, and midhudson regional hospital, and 2) westchester medical center foundation, inc., a New York not-for-profit corporation, including, without limitation, for the purpose of serving as a holding corporation for one or more other for-profit and not-for-profit corporations, including specifically, a not-for-profit captive insurance corporation that operates for the purpose of accumulating, holding, and otherwise serving as an insurance company to be used to satisfy professional liability claims and other claims.
What it reported doing in 2024
Wmc New York, inc. (wmc ny)'s purpose is to engage in various activities that further, support, benefit or carry out the purposes, missions, objectives, operations and activities of westchester medical center, which includes westchester medical center, maria fareri children's hospital, the behavioral health center at westchester, and such other hospitals and health care facilities as may be established or to otherwise become part of westchester medical center in the future, and westchester medical center foundation, inc., a New York not-for-profit corporation. In addition, wmc ny is the holder of 100% of the membership shares in wchcc (bermuda), limited, a bermuda insurance company formed to serve as an off-shore captive insurance company for westchester county health care corporation (wchcc). Wmc ny is also the sole member of mid-hudson valley staffco, llc, a professional employer organization. Wmc ny is also the sole member of hudson valley property holdings llc. Wmc ny is also the sole member of center for regional healthcare innovation llc, which serves as a centralized services provider to the performing provider system being established by wchcc to serve as a center to evaluate and implement best practices in healthcare delivery for the hudson valley region.
Operating model
- Revenue model
- Other-operating. 100% of the money available for current operations came from other operating revenue.
- Distribution model
- Direct operator. The filing allocates 99% 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. A relatively small share of voting board members are independent and few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.
Rating breakdown
- Financial Efficiency: 84
- Transparency & Controls: 61
- Accountability: 51
- Sustainability: 28
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 94.4%; rating input score 94
- Program expense ratio: 95%; rating input score 95
- 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: Scored; rating input score 0
- Grant itemization coverage: 100%; rating input score 100; 77th percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 40%; rating input score 40; 11th percentile among comparable filings
- Governance controls: 6 of 9 controls in place; rating input score 67
- 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: Fail
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 0.6%; rating input score 35; 35th percentile among comparable filings
- Total-asset coverage ratio: 0.24; rating input score 8; 8th percentile among comparable filings
- Liabilities to assets ratio: 1.22; rating input score 3; 3rd percentile among comparable filings
- Officer compensation ratio: 1.1%; rating input score 73; 73rd percentile among comparable filings
Growth
- Program expense growth: 5.3% per year; rating input score 100; 43rd percentile among comparable filings
- Revenue growth: 11.7% per year; rating input score 100; 82nd percentile among comparable filings
- Asset growth: 12.1% per year; rating input score 100; 78th percentile among comparable filings
Details
- What they do: 4 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: 94.4% of revenue deployed · 95% of spending went to programs
- Governance: 2 of 5 board members independent · 6 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $130.7M in reported program spending
- Leadership: top reported pay $3.4M · 11 people listed · 0 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $788K reported
- Consistency: 43 of 43 current checks pass
- Schedules: 8 filed schedules · includes foreign activity, grants, executive pay, and related organizations
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 6 filed money-flow records
- Related organizations: 26 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 — Accountability: Independent voting board scored 40/100.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- High — Transparency & Controls: Foreign activity oversight scored 0/100.
- Review — Accountability: Governance controls: 3 of 9 not reported.
- Moderate — Sustainability: Operating margin scored 35/100.
- High — Sustainability: Total-asset coverage ratio scored 8/100.
- High — Sustainability: Liabilities to assets ratio scored 3/100.