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← MOUNT SINAI HEALTH SYSTEM EXECUTIVE V P FOR FINANCE

Form 990 for tax year 2024

Filed by MOUNT SINAI HEALTH SYSTEM EXECUTIVE V P FOR FINANCE.

Totals

Total revenue
$84,755,522
Total expenses
$84,755,522
Contributions and grants received
$25,183,599
Grants paid
$0
Program service revenue
$59,571,923
Investment income
$0
Other revenue
$0
Total assets, end of year
$0
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$0
Program services expenses (Part IX)
$84,755,522
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$84,755,522

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $25,183,599

  • 2a · Program service revenue: CONSULTING

    total $5,710,775 · related or exempt $260,700 · unrelated business $5,450,075

  • 2b · Program service revenue: PATIENT SERVICES

    total $53,861,148 · related or exempt $53,861,148

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $39,553,581 · program services $39,553,581

  • 9 · Other employee benefits

    total $11,212,468 · program services $11,212,468

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 24a · Other expenses: OTHER PURCHASED SERVICES

    total $33,989,473 · program services $33,989,473

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

Mission and programs · 2024

Mission

THE MISSION OF THE MOUNT SINAI HEALTH SYSTEM IS TO PROVIDE COMPASSIONATE PATIENT CARE WITH SEAMLESS COORDINATION AND TO ADVANCE MEDICINE THROUGH UNRIVALED EDUCATION, RESEARCH, AND OUTREACH IN THE MANY DIVERSE COMMUNITIES WE SERVE.

Activities or mission (Part I)

MOUNT SINAI HEALTH SYSTEM WAS ORGANIZED TO PROVIDE COMPASSIONATE PATIENT CARE WITH SEAMLESS COORDINATION AND TO ADVANCE MEDICINE THROUGH EDUCATION, RESEARCH, AND OUTREACH.

  • MANAGE AND IMPROVE QUALITY OF CARE FOR POPULATIONS AS WELL AS INDIVIDUALS THROUGH IMPROVED ACCESS, COORDINATED CARE, AND IMPROVED EFFICIENCY.

    Expenses $79,979,085 · Revenue $53,861,148

  • HEALTHCARE AND HOSPITAL MANAGEMENT CONSULTING AND STRATEGIC ADVISING, CONTINUING MEDICAL EDUCATION PROGRAMS, TRAINING PROGRAMS AND OBSERVERSHIPS, AND INTERNATIONAL ACCREDITATION ASSISTANCE.

    Expenses $4,776,437 · Revenue $260,700

As filed on the 2024 return.

Listed in Part VII

  • Donald J Gogel

    VICE CHAIRMAN/TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 16 related

  • James S Tisch

    CO-CHAIRMAN OF BOARD/TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 16 related

  • Jeff T Blau

    VICE CHAIRMAN/TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 16 related

  • Joel I Picket

    VICE CHAIRMAN/TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 16 related

  • Joel S Ehrenkranz

    VICE CHAIRMAN/TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 16 related

  • John A Levin

    VICE CHAIRMAN/TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 16 related

  • Michael Minikes

    VICE CHAIR/TRUSTEE/TREASURER

    Total calculated
    $0
    Hours/week
    2 + 22 related

  • Richard A Friedman

    CO-CHAIRMAN OF BOARD/TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 16 related

  • Steven Hochberg

    VICE CHAIRMAN/TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 19 related

  • Susan R Cullman

    VICE CHAIRMAN/TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 16 related

  • Thomas W Strauss

    VICE CHAIRMAN/TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 16 related

  • Kenneth Davis MD

    Trustee and Former Officer

    Total calculated
    $7,503,060
    From this org
    $0
    From related orgs
    $7,404,991
    Other
    $98,069
    Hours/week
    2 + 18 related

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0 + $7,404,991 related
    Deferred
    $0 + $34,500 related
    Nontaxable benefits
    $0 + $63,569 related
    Filer's total
    $0 + $7,503,060 related

  • Andrew Saul

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    2 + 16 related

  • Beth Essig 2

    EVP, GENERAL COUNSEL

    Total calculated
    $1,840,832
    From this org
    $0
    From related orgs
    $1,782,724
    Other
    $58,108
    Hours/week
    0.5 + 59.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,350,000 related
    Bonus
    $0 + $316,575 related
    Other
    $0 + $116,149 related
    Deferred
    $0 + $34,500 related
    Nontaxable benefits
    $0 + $23,608 related
    Filer's total
    $0 + $1,840,832 related

  • Beth Yagoda 2

    EVP, System Chief Administrative Officer

    Total calculated
    $582,785
    From this org
    $0
    From related orgs
    $557,324
    Other
    $25,461
    Hours/week
    0.5 + 59.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $425,000 related
    Bonus
    $0 + $99,662 related
    Other
    $0 + $32,662 related
    Deferred
    $0 + $23,073 related
    Nontaxable benefits
    $0 + $2,388 related
    Filer's total
    $0 + $582,785 related

  • Bonnie M Davis

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    2 + 16 related

  • Brad Karp

    SECRETARY

    Total calculated
    $0
    Hours/week
    2 + 16 related

  • Brendan Carr 12 MD

    CHIEF EXECUTIVE OFFICER (START 1/1/24)

    Total calculated
    $5,489,914
    From this org
    $0
    From related orgs
    $5,442,441
    Other
    $47,473
    Hours/week
    0.5 + 59.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $4,010,053 related
    Bonus
    $0 + $1,070,000 related
    Other
    $0 + $362,388 related
    Deferred
    $0 + $34,500 related
    Nontaxable benefits
    $0 + $12,973 related
    Filer's total
    $0 + $5,489,914 related

  • Carl Icahn

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    2 + 16 related

  • David Reich 2 MD

    SYSTEM CHIEF CLINICAL OFFICER

    Total calculated
    $2,220,809
    From this org
    $0
    From related orgs
    $2,154,844
    Other
    $65,965
    Hours/week
    0.5 + 59.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,700,000 related
    Bonus
    $0 + $300,160 related
    Other
    $0 + $154,684 related
    Deferred
    $0 + $34,500 related
    Nontaxable benefits
    $0 + $31,465 related
    Filer's total
    $0 + $2,220,809 related

  • Dennis Charney 12 MD

    PRESIDENT, ACADEMIC AFFAIRS

    Total calculated
    $2,636,248
    From this org
    $0
    From related orgs
    $2,579,191
    Other
    $57,057
    Hours/week
    0.5 + 59.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,100,000 related
    Bonus
    $0 + $268,000 related
    Other
    $0 + $1,211,191 related
    Deferred
    $0 + $34,500 related
    Nontaxable benefits
    $0 + $22,557 related
    Filer's total
    $0 + $2,636,248 related

  • Emma Palmer 2

    EVP, Chief of Staff & External Affairs

    Total calculated
    $862,567
    From this org
    $0
    From related orgs
    $791,409
    Other
    $71,158
    Hours/week
    0.5 + 59.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $637,500 related
    Bonus
    $0 + $142,375 related
    Other
    $0 + $11,534 related
    Deferred
    $0 + $34,500 related
    Nontaxable benefits
    $0 + $36,658 related
    Filer's total
    $0 + $862,567 related

  • Eric Mindich

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    2 + 16 related

  • Glenn Dubin

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    2 + 16 related

  • Hamilton James

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    2 + 16 related

  • Henry R Kravis

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    2 + 16 related

  • Hon Robert E Rubin

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    2 + 16 related

  • James Neary

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    2 + 16 related

  • James W Crystal

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    2 + 16 related

  • Jeffrey Silberstein 2

    EVP, SYSTEM CAO

    Total calculated
    $1,492,681
    From this org
    $0
    From related orgs
    $1,456,505
    Other
    $36,176
    Hours/week
    0.5 + 59.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,032,000 related
    Bonus
    $0 + $234,500 related
    Other
    $0 + $190,005 related
    Deferred
    $0 + $34,500 related
    Nontaxable benefits
    $0 + $1,676 related
    Filer's total
    $0 + $1,492,681 related

  • John B Hess

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    2 + 16 related

  • Judith O Rubin

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    2 + 16 related

  • Kelly Cassano 2 Do

    EVP, SYS AMBULATORY OPERATION

    Total calculated
    $1,240,197
    From this org
    $0
    From related orgs
    $1,192,847
    Other
    $47,350
    Hours/week
    0.5 + 59.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $850,000 related
    Bonus
    $0 + $199,325 related
    Other
    $0 + $143,522 related
    Deferred
    $0 + $34,500 related
    Nontaxable benefits
    $0 + $12,850 related
    Filer's total
    $0 + $1,240,197 related

  • Margaret Pastuszko 2

    System President & Chief Operating Officer

    Total calculated
    $2,362,925
    From this org
    $0
    From related orgs
    $2,290,081
    Other
    $72,844
    Hours/week
    0.5 + 59.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,750,000 related
    Bonus
    $0 + $410,375 related
    Other
    $0 + $129,706 related
    Deferred
    $0 + $34,500 related
    Nontaxable benefits
    $0 + $38,344 related
    Filer's total
    $0 + $2,362,925 related

  • Stephen Harvey 2

    EVP, SYSTEM CFO (END 12/31/24)

    Total calculated
    $2,057,140
    From this org
    $0
    From related orgs
    $1,972,048
    Other
    $85,092
    Hours/week
    0.5 + 59.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,200,000 related
    Bonus
    $0 + $340,025 related
    Other
    $0 + $432,023 related
    Deferred
    $0 + $34,500 related
    Nontaxable benefits
    $0 + $50,592 related
    Filer's total
    $0 + $2,057,140 related

  • Vincent Tammaro 2

    EVP, SYSTEM CFO (START 10/1/24)

    Total calculated
    $689,052
    From this org
    $0
    From related orgs
    $679,061
    Other
    $9,991
    Hours/week
    0.5 + 59.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $487,500 related
    Bonus
    $0 + $121,875 related
    Other
    $0 + $69,686 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $9,991 related
    Filer's total
    $0 + $689,052 related

  • Frank Cino 2

    SVP, SYSTEM CHIEF RISK OFFICER

    Total calculated
    $807,419
    From this org
    $0
    From related orgs
    $747,329
    Other
    $60,090
    Hours/week
    0.5 + 59.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $600,000 related
    Bonus
    $0 + $120,600 related
    Other
    $0 + $26,729 related
    Deferred
    $0 + $34,500 related
    Nontaxable benefits
    $0 + $25,590 related
    Filer's total
    $0 + $807,419 related

  • Burton P Drayer

    FORMER OFFICER

    Total calculated
    $310,000
    From this org
    $0
    From related orgs
    $310,000
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $75,000 related
    Bonus
    $0
    Other
    $0 + $235,000 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $310,000 related

  • Jeremy Boal 2 MD

    FORMER OFFICER

    Total calculated
    $1,852,841
    From this org
    $0
    From related orgs
    $1,795,629
    Other
    $57,212
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0 + $1,795,629 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $57,212 related
    Filer's total
    $0 + $1,852,841 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment

Answered no

  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 4a Severance or change-of-control payment
DR. JEREMY BOAL RECEIVED $1,795,629 OF SEVERANCE PAYMENTS DURING 2024. DR. KENNETH DAVIS RECEIVED $7,404,991 OF SEVERANCE PAYMENTS DURING 2024.
Schedule J, Part I PART VII, SECTION A & SCHEDULE J COMPENSATION FOOTNOTES
OFFICERS OF THE BOARD OF TRUSTEES HOURS REFLECT SERVICE TO ALL RELATED ORGANIZATIONS OF MOUNT SINAI HEALTH SYSTEM OTHER REPORTABLE COMPENSATION FOR OFFICERS, KEY EMPLOYEES, AND HIGHEST COMPENSATED EMPLOYEES AS IDENTIFIED IN THE FORM 990, PART VII, AND LISTED ON SCHEDULE J MAY INCLUDE VARIOUS TYPES OF SUPPLEMENTAL WAGES. (1) EMPLOYEE HAS AN OUTSTANDING LOAN REFLECTED IN SCHEDULE L, PART II OF ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI FORM 990. (2) COMPENSATION AND BENEFITS ARE FUNDED FROM THE MOUNT SINAI HOSPITAL, ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI, BETH ISRAEL MEDICAL CENTER, ST. LUKE'S-ROOSEVELT HOSPITAL CENTER AND/OR NEW YORK EYE AND EAR INFIRMARY.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • MOUNT SINAI MSO LLC

    SUPPORT · NY · income $53,861,148 · assets $0

    Directly controlled by MSHS

  • MOUNT SINAI INTERNATIONAL LLC

    SUPPORT · DE · income $5,710,775 · assets $0

    Directly controlled by MSHS

  • MOUNT SINAI HEALTH NETWORK LLC

    HEALTHCARE · NY · income $0 · assets $0

    Directly controlled by MSHS

  • UPPER WEST SIDE CARE LLC

    HEALTHCARE · NY · income $0 · assets $0

    Directly controlled by MSHS

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • MANHATTAN MANAGEMENT SERVICES

    C Corporation · MGMT SERVICES · NY

    Directly controlled by SLR

  • SLR MANAGEMENT SERVICES

    C Corporation · MGMT SERVICES · NY

    Directly controlled by SLR

  • MOUNT SINAI HC VENTURES

    C Corporation · Health Care Mgmt · NY

    Directly controlled by BIMC HOLDCO

  • MSHS Vaccine Company

    C Corporation · Clinical lab · DE

    Directly controlled by ISMMS

  • Kantaro Biosciences LLC

    C Corporation · Clinical lab · DE

    Directly controlled by ISMMS

Provenance

Return type
form_990
Tax year
2024
Filed
15 November 2025
IRS schema version
2024v5.1
Source object
202533199349302128

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