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Nonprofiteer
← ST LUKES CORNWALL HOSPITAL

Form 990 for tax year 2022

Filed by ST LUKES CORNWALL HOSPITAL.

Totals

Total revenue
$250,752,402
Total expenses
$249,904,760
Contributions and grants received
$8,201,923
Grants paid
$3,136,343
Program service revenue
$238,858,619
Investment income
$498,127
Other revenue
$3,193,733
Total assets, end of year
$195,267,465
Total liabilities, end of year
$99,410,177
Net assets or fund balances, end of year
$95,857,288
Program services expenses (Part IX)
$210,060,538
Management and general expenses
$39,844,222
Fundraising expenses
$0
Program service expenses (Part III)
$210,060,538

Program services were 84.1% 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

    $520,445

  • 1e · Government grants (contributions)

    $7,623,700

  • 1f · All other contributions, gifts and grants

    $57,778

  • 1g · Noncash contributions included above

    $0

  • 2a · Program service revenue: PATIENT SERVICE REVENUE

    total $238,500,316 · related or exempt $238,500,316 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: OTHER HEALTHCARE REALTED SERVICES

    total $358,303 · related or exempt $358,303 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $661,268 · related or exempt $0 · unrelated business $0 · excluded $661,268

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6a · Gross rents

    real property $1,055,587

  • 6b · Less rental expenses

    real property $480,936

  • 6c · Rental income or loss

    real property $574,651 · personal property $0

  • 6d · Net rental income or loss

    total $574,651 · related or exempt $0 · unrelated business $0 · excluded $574,651

  • 7a · Gross sales of assets other than inventory

    other assets -$163,141

  • 7b · Less cost or other basis and sales expenses

    other assets $0

  • 7c · Gain or loss

    other assets -$163,141

  • 7d · Net gain or loss

    total -$163,141 · related or exempt $0 · unrelated business $0 · excluded -$163,141

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $61,268

  • 10b · Cost of goods sold

    $81,512

  • 10c · Net income from sales of inventory

    total -$20,244 · related or exempt $0 · unrelated business $0 · excluded -$20,244

  • 11a · Other revenue: PARTNERSHIP INCOME/DISTRIBUTIONS

    total $1,039,547 · related or exempt $464,675 · unrelated business $281,645 · excluded $293,227

  • 11b · Other revenue: CAFETERIA REVENUE

    total $568,022 · related or exempt $0 · unrelated business $0 · excluded $568,022

  • 11c · Other revenue: PARKING INCOME

    total $399,331 · related or exempt $0 · unrelated business $0 · excluded $399,331

  • 11d · All other revenue

    total $632,426 · related or exempt $224,888 · excluded $407,538

  • 11e · Other revenue, total

    $2,639,326

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,136,343 · program services $3,136,343

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $2,906,118 · program services $1,036,808 · management and general $1,869,310 · fundraising $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $84,160,275 · program services $72,437,802 · management and general $11,722,473 · fundraising $0

  • 8 · Pension plan contributions

    total $6,254,090 · program services $5,233,019 · management and general $1,021,071 · fundraising $0

  • 9 · Other employee benefits

    total $16,348,687 · program services $13,902,343 · management and general $2,446,344 · fundraising $0

  • 10 · Payroll taxes

    total $6,583,003 · program services $5,553,120 · management and general $1,029,883 · fundraising $0

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $561,858 · program services $22,885 · management and general $538,973 · fundraising $0

  • 11c · Fees: accounting

    total $280,352 · program services $0 · management and general $280,352 · fundraising $0

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $44,673,821 · program services $36,883,624 · management and general $7,790,197 · fundraising $0

  • 12 · Advertising and promotion

    total $406,658 · program services $5,004 · management and general $401,654 · fundraising $0

  • 13 · Office expenses

    total $9,429,311 · program services $6,836,393 · management and general $2,592,918 · fundraising $0

  • 14 · Information technology

    total $3,579,692 · program services $1,719,764 · management and general $1,859,928 · fundraising $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $5,380,455 · program services $5,336,527 · management and general $43,928 · fundraising $0

  • 17 · Travel

    total $18,376 · program services $5,577 · management and general $12,799 · fundraising $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $60,335 · program services $54,189 · management and general $6,146 · fundraising $0

  • 20 · Interest

    total $1,479,709 · program services $1,329,430 · management and general $150,279 · fundraising $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $9,540,249 · program services $8,027,607 · management and general $1,512,642 · fundraising $0

  • 23 · Insurance

    total $5,203,925 · program services $4,705,989 · management and general $497,936

  • 24a · Other expenses: MEDICAL SUPPLIES

    total $43,227,360 · program services $43,227,360 · management and general $0 · fundraising $0

  • 24b · Other expenses: INTERCOMPANY SHARED SERVICES

    total $4,329,595 · program services $366,104 · management and general $3,963,491 · fundraising $0

  • 24c · Other expenses: NYS CASH ASSESSMENT

    total $973,146 · program services $0 · management and general $973,146 · fundraising $0

  • 24d · Other expenses: BILLING & COLLECTION

    total $581,253 · program services $0 · management and general $581,253 · fundraising $0

  • 24e · All other expenses

    total $790,149 · program services $240,650 · management and general $549,499

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,769 · end of year $5,769

  • 2 · Savings and temporary cash investments

    beginning of year $11,243,387 · end of year $10,198,989

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $25,097,237 · end of year $25,882,985

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $218,370 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $5,586,494 · end of year $5,437,883

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,589,411 · end of year $1,145,515

  • 10a · Land, buildings and equipment: cost or other basis

    $152,438,801

  • 10b · Land, buildings and equipment: accumulated depreciation

    $59,003,391

  • 10c · Land, buildings and equipment, net

    beginning of year $86,090,933 · end of year $93,435,410

  • 11 · Investments: publicly traded securities

    beginning of year $63,056,950 · end of year $25,244,264

  • 12 · Investments: other securities

    beginning of year $9,293,672 · end of year $9,917,674

  • 13 · Investments: program-related

    beginning of year $4,712,346 · end of year $6,978,214

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $18,621,434 · end of year $17,020,762

  • 17 · Accounts payable and accrued expenses

    beginning of year $42,799,885 · end of year $36,900,488

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $402,190 · end of year $402,190

  • 20 · Tax-exempt bond liabilities

    beginning of year $14,015,088 · end of year $10,659,609

  • 21 · Escrow or custodial account liability

    beginning of year $52,417 · end of year $52,417

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $11,969,851 · end of year $8,345,166

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $60,346,107 · end of year $43,050,307

  • 27 · Net assets without donor restrictions

    beginning of year $93,718,977 · end of year $91,764,437

  • 28 · Net assets with donor restrictions

    beginning of year $2,211,488 · end of year $4,092,851

Mission and programs · 2022

Mission

MONTEFIORE ST. LUKE'S CORNWALL HOSPITAL, A MEMBER OF THE MONTEFIORE HEALTH SYSTEM, IS DEDICATED TO PROVIDING EXCEPTIONAL HEALTHCARE TO IMPROVE THE LIVES AND WELL-BEING OF THE PEOPLE IN THE COMMUNITIES WE SERVE. OUR VISION IS TO CONTINUE AS A LEADER IN EXCEPTIONAL HEALTH CARE DELIVERY BY COLLABORATING WITH OUR PATIENTS, PROVIDERS, EMPLOYEES AND REGIONAL PARTNERS TO IMPROVE THE HEALTH OF OUR COMMUNITY FOR LIFE. WE WILL EXCEL AS A HIGHLY EFFICIENT ORGANIZATION DRIVEN BY QUALITY AND SERVICE EXCELLENCE.

Activities or mission (Part I)

MONTEFIORE ST. LUKE'S CORNWALL HOSPITAL IS DEDICATED TO PROVIDING EXCEPTIONAL HEALTHCARE TO IMPROVE THE LIVES AND WELL-BEING OF THE PEOPLE IN THE COMMUNITIES WE SERVE.

  • Montefiore St. Luke's Cornwall Hospital ("MSLC") is a not-for-profit hospital dedicated to serving the healthcare needs of those in the Hudson Valley. Montefiore St. Luke Cornwall Hospital recently became a member of the Montefiore Health System, an integrated healthcare delivery system providing quality comprehensive healthcare services. This collaboration allows us to share clinical best practices, care management expertise and information technology platforms to enhance our patient care. With dedicated staff, modern facilities and state-of-the-art treatment, we are committed to meeting the needs of the community and continuing to aspire to excellence. Montefiore St. Luke's Cornwall Hospital with main campuses in Newburgh and Cornwall, and off-site facilities throughout the community, is a 242 bed acute care hospital dedicated to providing for the health care needs of the community. Montefiore St. Luke's Cornwall Hospital is the regional center for neonatology, thanks to its Elaine Kaplan Neonatal Intensive Care Unit. The Hospital offers other pediatric subspecialties, as well as a robust list of both inpatient and outpatient services including a cardiac catheterization lab, Intensive Care Unit, Birthing Center, Metabolic and Bariatric Surgery, Thoracic Surgery and much more. The Hospital offers centers of excellence in cancer service, cardiovascular care, angioplasty, cardiac rehabilitation, orthopedics, sport medicine, and metabolic and bariatric surgery. The Hospital's Cornwall campus is a thriving outpatient focused Center. This vital and growing community resource offers necessary healthcare access points to area residents for a variety of services including the Littman Center for Cancer Care which includes radiation oncology and infusion services. The Cornwall campus also provides cardiac and pulmonary rehabilitation, a center for sleep medicine, physical therapy, pain management, palliative care, a balance center and a speech and swallowing center. Montefiore St. Luke's hospital operates an active emergency department and verified level III Trauma Center at its Newburgh campus delivering high quality emergency and trauma care close to home. The center is opened 24 hours, 365 days of the year and is one of the newest and busiest emergency departments between New York City and Albany. With a recent $11 million renovation and expansion, our emergency department was designed with patient comfort and convenience in mind. General trauma and specialty treatments bays for cardiac, asthma, Women's Health and Pediatrics enable our highly skilled ER team to provide comprehensive, quality care in a Patient-centered environment. During the past few years, the newly rebranded Montefiore St. Luke's Cornwall Hospital has undergone significant transformation. This transformation has occurred on both campuses, including the expansion of our services as a result of our partnership with Montefiore Health System. In March 2018, St Luke's unveiled a $1.7 million chronic care center - Rehabilitation at Montefiore St. Luke's Cornwall Hospital - in Partnership with Burke Rehabilitation Hospital in White Plains, New York. This state-of-the-art facility offers physical and occupational therapy, cardiac and pulmonary rehabilitation and eventually cognitive medicine including dementia services and a memory clinic. The hospital recently broke grounds on a $8 million remodeling of the hospital's Newburgh Emergency Department. A new $24 million kidney center in Cornwall was recently opened in partnership with Fresenius Kidney Care to better serve the Cornwall's area growing dialysis community. Exceptional care is the center of all we do. This commitment is recognized by many outside organizations and includes: - Our designation as a New York Stroke Center; - Our top Performer Recognition from The Joint Commission on key quality measures for excellence in management of Heart Attack, Heart Failure, Stroke and Surgical Care; - Achievement of the Healthgrades Patient Safety Excellence Award, a designation that honors hospital performance in the prevention of serious, potentially preventable complications during hospital stays; - A recipient for multiple straight years of the "Get With the Guidelines Gold Plus Achievement Award" from the American Stroke Association for overall quality of care for stroke patients; - Inclusion on the list of Health Care's Most Wired hospitals, ranking among the nation's best in using information technology to improve patient care; - Designation as an Institute of Quality for Cardiac Medical Intervention by Aetna for its excellent in care, commitment to continuous improvement and exceptional value to our patients; - Awarded the Healthgrade five star recipient recognition in natural childbirth for consecutive years; - Designated as a Blue Distinction center for knee and Hip replacement and for Maternity Care by empire Blue Cross Blue Shield; - Accredited as a comprehensive Center under the Metabolic and Bariatric Surgery accreditation; - Verified as a Level III trauma center through 2022 by the verification Review Committee. St. Luke's outreach initiatives are based on our dedication and commitment to the community to provide excellent health care. We have our own community education program that reaches a wide variety of audiences on a number of relevant health care topics. Education is provided at a number of local senior groups, workplace wellness programs, local businesses, food pantries, soup kitchens, and public events. In the last year, we have provided many educational and screening events to the community as part of our mission to improve the lives and well-being of the people in the communities that we serve.

    Expenses $210,060,538 · Grants $3,136,343 · Revenue $239,829,827

As filed on the 2022 return.

Listed in Part VII

  • Susan Green-Lorenzen RN

    Trustee

    Total calculated
    $2,575,364
    From this org
    $0
    From related orgs
    $2,528,339
    Other
    $47,025
    Hours/week
    1 + 59 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,158,456 related
    Bonus
    $0 + $475,900 related
    Other
    $0 + $893,983 related
    Deferred
    $0 + $17,000 related
    Nontaxable benefits
    $0 + $30,025 related
    Filer's total
    $0 + $2,575,364 related

  • STEPHEN ROSENTHAL

    Trustee

    Total calculated
    $1,388,765
    From this org
    $0
    From related orgs
    $1,339,240
    Other
    $49,525
    Hours/week
    1 + 59 related

    Schedule J breakdown matched by us

    Base
    $0 + $998,499 related
    Bonus
    $0 + $100,000 related
    Other
    $0 + $240,741 related
    Deferred
    $0 + $17,000 related
    Nontaxable benefits
    $0 + $32,525 related
    Filer's total
    $0 + $1,388,765 related

  • Evan Resnick

    Trustee

    Total calculated
    $1,147,814
    From this org
    $0
    From related orgs
    $1,100,550
    Other
    $47,264
    Hours/week
    1 + 59 related

    Schedule J breakdown matched by us

    Base
    $0 + $722,031 related
    Bonus
    $0 + $378,159 related
    Other
    $0 + $360 related
    Deferred
    $0 + $17,000 related
    Nontaxable benefits
    $0 + $30,264 related
    Filer's total
    $0 + $1,147,814 related

  • Daniel J Maughan

    President & CEO

    Total calculated
    $693,179
    From this org
    $677,381
    From related orgs
    $0
    Other
    $15,798
    Hours/week
    50 + 5 related

    Schedule J breakdown matched by us

    Base
    $519,567
    Bonus
    $150,000
    Other
    $7,814
    Deferred
    $13,743
    Nontaxable benefits
    $2,055
    Filer's total
    $693,179

  • GINA DEL SAVIO MD

    CHIEF MEDICAL OFFICER

    Total calculated
    $688,864
    From this org
    $660,008
    From related orgs
    $0
    Other
    $28,856
    Hours/week
    31 + 24 related

    Schedule J breakdown matched by us

    Base
    $377,046
    Bonus
    $35,000
    Other
    $247,962
    Deferred
    $6,353
    Nontaxable benefits
    $22,503
    Filer's total
    $688,864

  • THOMAS J GIBNEY

    SVP, CFO/Treasurer

    Total calculated
    $586,800
    From this org
    $534,255
    From related orgs
    $0
    Other
    $52,545
    Hours/week
    50 + 5 related

    Schedule J breakdown matched by us

    Base
    $467,231
    Bonus
    $59,500
    Other
    $7,524
    Deferred
    $15,578
    Nontaxable benefits
    $36,967
    Filer's total
    $586,800

  • MARGARET ALLERS RN

    VP, CHIEF NURSING OFFICER

    Total calculated
    $347,943
    From this org
    $314,004
    From related orgs
    $0
    Other
    $33,939
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $273,823
    Bonus
    $29,500
    Other
    $10,681
    Deferred
    $9,142
    Nontaxable benefits
    $24,797
    Filer's total
    $347,943

  • JOAN CUSACK-MCGUIRK

    former officer

    Total calculated
    $341,271
    From this org
    $341,271
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $24,482
    Bonus
    $78,931
    Other
    $237,858
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $341,271

  • Mary V Kelley

    VP, Quality Management

    Total calculated
    $339,975
    From this org
    $306,068
    From related orgs
    $0
    Other
    $33,907
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $265,900
    Bonus
    $29,500
    Other
    $10,668
    Deferred
    $7,841
    Nontaxable benefits
    $26,066
    Filer's total
    $339,975

  • JOSEPH T SURACE

    VP, OPERATIONS

    Total calculated
    $308,612
    From this org
    $259,762
    From related orgs
    $0
    Other
    $48,850
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $238,520
    Bonus
    $20,000
    Other
    $1,242
    Deferred
    $11,009
    Nontaxable benefits
    $37,841
    Filer's total
    $308,612

  • Laurie Conan

    VP, Human Resources

    Total calculated
    $306,550
    From this org
    $258,897
    From related orgs
    $0
    Other
    $47,653
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $229,030
    Bonus
    $28,000
    Other
    $1,867
    Deferred
    $10,549
    Nontaxable benefits
    $37,104
    Filer's total
    $306,550

  • Ajay Sharma

    Pharmacist

    Total calculated
    $300,995
    From this org
    $286,991
    From related orgs
    $0
    Other
    $14,004
    Hours/week
    54

    Schedule J breakdown matched by us

    Base
    $169,011
    Bonus
    $0
    Other
    $117,980
    Deferred
    $0
    Nontaxable benefits
    $14,004
    Filer's total
    $300,995

  • Marlene Joan Ripa

    VP, Network, Strategy & Bus

    Total calculated
    $284,931
    From this org
    $247,624
    From related orgs
    $0
    Other
    $37,307
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $247,084
    Bonus
    $0
    Other
    $540
    Deferred
    $1,856
    Nontaxable benefits
    $35,451
    Filer's total
    $284,931

  • Andrew Felder

    SVP, Chief Admin Officer

    Total calculated
    $280,718
    From this org
    $272,058
    From related orgs
    $0
    Other
    $8,660
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $174,854
    Bonus
    $12,000
    Other
    $85,204
    Deferred
    $0
    Nontaxable benefits
    $8,660
    Filer's total
    $280,718

  • Glynis Cowart

    VP, Chief Information Officer

    Total calculated
    $259,448
    From this org
    $257,186
    From related orgs
    $0
    Other
    $2,262
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $229,038
    Bonus
    $25,000
    Other
    $3,148
    Deferred
    $1,569
    Nontaxable benefits
    $693
    Filer's total
    $259,448

  • DAVID POTACK

    Trustee (Resigned 11/30/22)

    Total calculated
    $0
    Hours/week
    1

  • Roberto Padillo

    Trustee (Terminated 1/5/22)

    Total calculated
    $0
    Hours/week
    1

  • Mary Ellen Rogulski

    vice chair (Effective 1/26/22)

    Total calculated
    $0
    Hours/week
    1

  • AUSTIN F DUBOIS

    Chair (effective 1/26/22)

    Total calculated
    $0
    Hours/week
    1

  • JASON ADSIT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Michael Bonura

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Meghan Taylor

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Lourdes Zapata

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • William Conyea

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Charles Walwyn III

    Secretary

    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 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 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 4a
During 2022, Joan Cusack-McGuirk, a former officer, was paid $156,250 in severance from the organization. As part of her severance agreement, she was required to perform transitional services for the organization.
Schedule J, Part I, Line 4b
Two Trustees employed by Montefiore Health System, Inc. participated in a supplemental nonqualified retirement plan provided by a related organization. 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 its 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 Montefiore Health System. Supplemental executive retirement plan distributions were paid to the two trustees and included as part of their Part II, Column B(iii) Other Reportable Compensation: Susan Green-Lorenzen, RN - $871,397; Stephen Rosenthal - $216,691.
Schedule J, Part I, Line 7
Part of the annual incentive awards in column (B)(II) paid by the organization to reportable individuals listed on Form 990, Part VII, Section A, Line 1A was based on 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.

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
202303179349308395

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