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Nonprofiteer
← WHITE PLAINS MEDICAL CENTER

Form 990 for tax year 2022

Filed by WHITE PLAINS MEDICAL CENTER.

Totals

Total revenue
$917,849,600
Total expenses
$805,588,842
Contributions and grants received
$19,561,184
Grants paid
$450,102
Program service revenue
$889,029,014
Investment income
$3,451,373
Other revenue
$5,808,029
Total assets, end of year
$1,557,991,335
Total liabilities, end of year
$739,598,561
Net assets or fund balances, end of year
$818,392,774
Program services expenses (Part IX)
$680,665,387
Management and general expenses
$122,523,040
Fundraising expenses
$2,400,415
Program service expenses (Part III)
$680,665,387

Program services were 84.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • PHILIP O OZUAH MD PHD

    BOARD MEMBER

    Total calculated
    $9,906,213
    From this org
    $0
    From related orgs
    $9,856,588
    Other
    $49,625
    Hours/week
    1 + 59 related

    Schedule J breakdown matched by us

    Base
    $0 + $4,478,627 related
    Bonus
    $0 + $4,715,500 related
    Other
    $0 + $662,461 related
    Deferred
    $0 + $17,000 related
    Nontaxable benefits
    $0 + $32,625 related
    Filer's total
    $0 + $9,906,213 related

  • Susan Fox

    President & CEO

    Total calculated
    $4,092,143
    From this org
    $3,582,041
    From related orgs
    $0
    Other
    $510,102
    Hours/week
    49 + 1 related

    Schedule J breakdown matched by us

    Base
    $1,809,754
    Bonus
    $1,485,000
    Other
    $287,287
    Deferred
    $484,250
    Nontaxable benefits
    $25,852
    Filer's total
    $4,092,143

  • Joseph Guarracino

    EVP - CAO/CFO

    Total calculated
    $2,093,490
    From this org
    $1,805,311
    From related orgs
    $0
    Other
    $288,179
    Hours/week
    49 + 1 related

    Schedule J breakdown matched by us

    Base
    $1,193,679
    Bonus
    $450,000
    Other
    $161,632
    Deferred
    $264,400
    Nontaxable benefits
    $23,779
    Filer's total
    $2,093,490

  • Athena G Kaporis MD

    Physician - Dermatology

    Total calculated
    $2,037,269
    From this org
    $1,963,580
    From related orgs
    $0
    Other
    $73,689
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $807,404
    Bonus
    $1,155,486
    Other
    $690
    Deferred
    $30,500
    Nontaxable benefits
    $43,189
    Filer's total
    $2,037,269

  • CHRISTOPHER S PANCZNER

    BOARD MEMBER

    Total calculated
    $1,898,457
    From this org
    $0
    From related orgs
    $1,857,333
    Other
    $41,124
    Hours/week
    1 + 59 related

    Schedule J breakdown matched by us

    Base
    $0 + $954,591 related
    Bonus
    $0 + $310,000 related
    Other
    $0 + $592,742 related
    Deferred
    $0 + $17,000 related
    Nontaxable benefits
    $0 + $24,124 related
    Filer's total
    $0 + $1,898,457 related

  • Stuart M Zweibel MD

    Physician - Dermatology

    Total calculated
    $1,864,267
    From this org
    $1,809,438
    From related orgs
    $0
    Other
    $54,829
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $907,775
    Bonus
    $895,483
    Other
    $6,180
    Deferred
    $30,500
    Nontaxable benefits
    $24,329
    Filer's total
    $1,864,267

  • Andrew M Casden MD

    Orthopedic surgeon

    Total calculated
    $1,808,803
    From this org
    $1,740,154
    From related orgs
    $0
    Other
    $68,649
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,736,344
    Bonus
    $0
    Other
    $3,810
    Deferred
    $24,400
    Nontaxable benefits
    $44,249
    Filer's total
    $1,808,803

  • MICHAEL J PALUMBO MD

    Board Member/EVP-Chief Med Off

    Total calculated
    $1,776,632
    From this org
    $1,577,495
    From related orgs
    $0
    Other
    $199,137
    Hours/week
    48 + 2 related

    Schedule J breakdown matched by us

    Base
    $993,506
    Bonus
    $405,000
    Other
    $178,989
    Deferred
    $180,500
    Nontaxable benefits
    $18,637
    Filer's total
    $1,776,632

  • Leigh Anne McMahon

    EVP-Patient Care Serv. & CNO

    Total calculated
    $1,693,683
    From this org
    $1,510,407
    From related orgs
    $0
    Other
    $183,276
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $997,723
    Bonus
    $400,000
    Other
    $112,684
    Deferred
    $180,500
    Nontaxable benefits
    $2,776
    Filer's total
    $1,693,683

  • FRANCES P BORDONI

    SVP-Amb & Physician Serv.

    Total calculated
    $1,507,072
    From this org
    $1,326,538
    From related orgs
    $0
    Other
    $180,534
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $896,323
    Bonus
    $360,000
    Other
    $70,215
    Deferred
    $159,400
    Nontaxable benefits
    $21,134
    Filer's total
    $1,507,072

  • Michael A Gott MD

    Orthopedic surgeon

    Total calculated
    $1,459,182
    From this org
    $1,387,894
    From related orgs
    $0
    Other
    $71,288
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,183,642
    Bonus
    $203,952
    Other
    $300
    Deferred
    $24,400
    Nontaxable benefits
    $46,888
    Filer's total
    $1,459,182

  • Richard Weinstein MD

    Orthopedic Surgeon

    Total calculated
    $1,406,143
    From this org
    $1,339,556
    From related orgs
    $0
    Other
    $66,587
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,238,342
    Bonus
    $99,924
    Other
    $1,290
    Deferred
    $24,399
    Nontaxable benefits
    $42,188
    Filer's total
    $1,406,143

  • J MICHAEL DIVNEY

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    3 + 1 related

  • Jennifer Gruenberg

    Vice Chair

    Total calculated
    $0
    Hours/week
    3

  • Ann Edwards

    Vice Chair

    Total calculated
    $0
    Hours/week
    3

  • Carl Austin

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Steven Baruch

    Vice Chair

    Total calculated
    $0
    Hours/week
    3

  • Howard Berk

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Nancy Clarvit

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Peter M Fishbein

    Secretary

    Total calculated
    $0
    Hours/week
    3

  • ALeida M Frederico

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • John Jureller

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • CAROL LOWENTHAL

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • WILLIAM NULL

    CHAIR (AS OF MAY 5, 2022)

    Total calculated
    $0
    Hours/week
    3 + 1 related

  • Lucy Schmolka

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Steven M Silver

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Laurence R Smith

    IMMEDIATE PAST CHAIRMAN

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Nettie Webb EdD

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Jonathan Spitalny

    Board Member

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Robert Tucker

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • ANDREW HERZ

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • FENTON SOLIZ

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Victoria Bruni

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Kathleen Winterroll

    Board Member

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Joshua Caspi

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Keith Kennerly

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Peter Lehrer

    Board Member

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Richard Mast

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • John Sganga

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Scott Eichel

    Board Member

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Andrew Suzman

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • George Anastasian MD

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Alejandro Cruz

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Geralyn Della Cava

    Board Member

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Scott Kleinman

    Board Member

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Brian Ruder

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Ramki Desiraju

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Julia Peskoe

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Claudia Felberg MD

    Board Member (effect 1/1/22)

    Total calculated
    $0
    Hours/week
    1

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
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 4B
The Officers and a Key Employee employed by the organization participated in a supplemental retirement plan initiated by the organization in 2017. Contributions are made based on a predefined percentage of the executive's base salary that becomes vested after three years. Contributions to the supplemental retirement plan funded by the organization during 2022: Susan Fox - $453,750; Michael J. Palumbo, M.D. - $150,000; Joseph Guarracino - $240,000; Leigh Anne McMahon - $150,000; Frances Bordoni - $135,000. The plan also made distributions in 2022 for prior years contributions that became vested in 2022: Susan Fox - $281,998; Michael J. Palumbo, M.D.- $169,809; Joseph Guarracino - $153,142; Leigh Anne McMahon - $101,152; Frances Bordoni - $62,325. Two Board members employed by Montefiore Medicine Academic Health System, Inc. participated in a defined benefits supplemental nonqualified retirement plan provided by the Montefiore Health System. In a manner designed to qualify for the "rebuttable presumption of reasonableness" the Compensation Committee of the Montefiore Board of Trustees expressly reviewed and approved these retirement benefit arrangements for senior executives in a manner that qualified under the intermediate sanctions rules of the federal tax law, and in recognition of (A) The executives' years of service to the organization and (B) The significant contributions to enhancing the ability of the organization to achieve its charitable mission in a manner consistent with financial solvency. Accordingly, this benefit should be viewed as applying to years of service for the Health System. Pooled supplemental executive retirement distribution based on multiple years of service: Philip Ozuah, M.D., Ph.D. - $632,224; Christopher Panczner - $558,708. The Health System also funds a second defined contribution SERP plan. A Board Member of the organization currently participate in this plan. Contributions are at a fixed percentage of base salary or total cash compensation (base salary plus annual incentive award). A notional balance is developed for each participant that is the total of contributions less distributions (interest is not accrued). On January 1 following the third, sixth and ninth anniversaries of each participant's participation date, 50% of the remaining SERP account becomes vested and is paid out if the participant is employed on that date. On January 1 following the twelfth anniversary of each participant's participation date, the remainder of the SERP account becomes fully vested and is paid out. If a participant reaches age 65 before their twelfth anniversary of their participation date, their SERP account balance will become fully vested on the later of the first of the month following their 65th birthday or the third anniversary of their participation date. SERP account balances will also become fully vested upon the earliest of death or disability while employed by Montefiore, involuntary termination without cause or if Montefiore chooses to terminate the plan. During 2022, there were no distributions from the plan for the Board Member. Contributions made to the plan in 2022 were not reported as deferred compensation in column (C) for the Board Member, Philip O. Ozuah, M.D., Ph.D., since these benefits will be distributed before two and a half months after year end.
Schedule J, Part I, Line 7
Part of the incentive payments paid by the organization to individuals reported in Part VII, Section A. was based on the INDIVIDUAL'S JOB performance and ACCOMPLISHMENTS AS DETERMINED BY EITHER THE Compensation Board OR management discretion.

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

The 10 largest by cash amount. The API serves every itemized grant.

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.

  • 11 East Post Road LLC

    Real estate · NY · income $0 · assets $0

    Directly controlled by WPHMC

  • East Post Road Ventures I LLC

    HOLDING COMP · DE · income $0 · assets $1,449,999

    Directly controlled by WPHMC

  • 34 EPR LLC

    Holding Comp · NY · income $0 · assets $1,655,265

    Directly controlled by WPHMC

Related corporations and trusts

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

Provenance

Return type
form_990
Tax year
2022
Filed
9 November 2023
IRS schema version
2022v5.0
Source object
202323139349304367

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