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← NEW YORK AND PRESBYTERIAN HOSPITALS HEALTHCARE SYSTEM INC

Form 990 for tax year 2024

Filed by NEW YORK AND PRESBYTERIAN HOSPITALS HEALTHCARE SYSTEM INC.

Totals

Total revenue
$10,233,442
Total expenses
$10,233,442
Contributions and grants received
$0
Grants paid
$0
Program services expenses (Part IX)
$6,609,067
Management and general expenses
$3,624,375
Fundraising expenses
$0
Program service expenses (Part III)
$6,609,067

Program services were 64.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • STEVEN J CORWIN

    PRESIDENT & CEO/TRUSTEE

    Total calculated
    $26,271,976
    From this org
    $0
    From related orgs
    $23,299,889
    Other
    $2,972,087
    Hours/week
    12 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $2,368,447 related
    Bonus
    $0 + $5,276,409 related
    Other
    $0 + $15,655,033 related
    Deferred
    $0 + $2,928,148 related
    Nontaxable benefits
    $0 + $43,939 related
    Filer's total
    $0 + $26,271,976 related

  • DENNIS E GLAZER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 4.3 related

  • FAIZA J SAEED

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.5 + 1.8 related

  • HERBERT PARDES

    TRUSTEE (THRU 5/2024)

    Total calculated
    $725,010
    From this org
    $0
    From related orgs
    $725,010
    Other
    $0
    Hours/week
    0.5 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $695,079 related
    Bonus
    $0
    Other
    $0 + $29,931 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $725,010 related

  • IVAN G SEIDENBERG

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.5 + 6.8 related

  • JEFFREY W GREENBERG

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.5 + 4.8 related

  • PETER G LIVANOS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • RICHARD C DRESDALE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 4.3 related

  • ROCHELLE B LAZARUS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 5.8 related

  • ROMAN MARTINEZ IV

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • RUSSELL LLOYD CARSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 4.8 related

  • SEYMOUR STERNBERG

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 4.8 related

  • BRIAN DONLEY

    EVP & COO

    Total calculated
    $5,425,655
    From this org
    $0
    From related orgs
    $4,596,942
    Other
    $828,713
    Hours/week
    24.5 + 35.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,870,430 related
    Bonus
    $0 + $2,364,475 related
    Other
    $0 + $362,037 related
    Deferred
    $0 + $767,250 related
    Nontaxable benefits
    $0 + $61,463 related
    Filer's total
    $0 + $5,425,655 related

  • JOHN V CAMPANO

    VP/SECRETARY AND COUNSEL

    Total calculated
    $685,088
    From this org
    $0
    From related orgs
    $584,610
    Other
    $100,478
    Hours/week
    7 + 53 related

    Schedule J breakdown matched by us

    Base
    $0 + $395,980 related
    Bonus
    $0 + $146,407 related
    Other
    $0 + $42,223 related
    Deferred
    $0 + $52,043 related
    Nontaxable benefits
    $0 + $48,435 related
    Filer's total
    $0 + $685,088 related

  • KAREN WESTERVELT

    GSVP& CHIEF OF REGULATORY PLANNING

    Total calculated
    $1,610,434
    From this org
    $0
    From related orgs
    $1,539,503
    Other
    $70,931
    Hours/week
    43.5 + 16.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $746,948 related
    Bonus
    $0 + $655,597 related
    Other
    $0 + $136,958 related
    Deferred
    $0 + $28,005 related
    Nontaxable benefits
    $0 + $42,926 related
    Filer's total
    $0 + $1,610,434 related

  • MARY BETH CLAUS

    GROUP SVP, CLO & GC

    Total calculated
    $2,529,622
    From this org
    $0
    From related orgs
    $2,479,210
    Other
    $50,412
    Hours/week
    6 + 54 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,239,972 related
    Bonus
    $0 + $1,042,085 related
    Other
    $0 + $197,153 related
    Deferred
    $0 + $22,763 related
    Nontaxable benefits
    $0 + $27,649 related
    Filer's total
    $0 + $2,529,622 related

  • MARY BRAUNSDORF

    ASSISTANT SECRETARY

    Total calculated
    $20,419
    From this org
    $0
    From related orgs
    $4,476
    Other
    $15,943
    Hours/week
    0.5 + 34.5 related

  • MELISSA E WELCH

    ASSISTANT SECRETARY

    Total calculated
    $202,944
    From this org
    $0
    From related orgs
    $169,775
    Other
    $33,169
    Hours/week
    0.5 + 34.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $129,799 related
    Bonus
    $0 + $5,800 related
    Other
    $0 + $34,176 related
    Deferred
    $0 + $20,936 related
    Nontaxable benefits
    $0 + $12,233 related
    Filer's total
    $0 + $202,944 related

  • MICHAEL P BRESLIN

    GROUP SVP, CFO & TREASURER

    Total calculated
    $3,273,376
    From this org
    $0
    From related orgs
    $3,178,968
    Other
    $94,408
    Hours/week
    1 + 59 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,466,293 related
    Bonus
    $0 + $1,462,691 related
    Other
    $0 + $249,984 related
    Deferred
    $0 + $31,282 related
    Nontaxable benefits
    $0 + $63,126 related
    Filer's total
    $0 + $3,273,376 related

  • MIRIAM RIKE

    SVP FINANCE & ASS'T TREASURER

    Total calculated
    $1,353,908
    From this org
    $0
    From related orgs
    $1,278,734
    Other
    $75,174
    Hours/week
    40 + 20 related

    Schedule J breakdown matched by us

    Base
    $0 + $736,399 related
    Bonus
    $0 + $444,389 related
    Other
    $0 + $97,946 related
    Deferred
    $0 + $17,782 related
    Nontaxable benefits
    $0 + $57,392 related
    Filer's total
    $0 + $1,353,908 related

  • JOSEPH A IENUSO

    GSVP-FACIL & REAL ESTATE

    Total calculated
    $1,951,744
    From this org
    $0
    From related orgs
    $1,878,488
    Other
    $73,256
    Hours/week
    12 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $948,221 related
    Bonus
    $0 + $765,375 related
    Other
    $0 + $164,892 related
    Deferred
    $0 + $25,590 related
    Nontaxable benefits
    $0 + $47,666 related
    Filer's total
    $0 + $1,951,744 related

  • NAZIM B MALATYALI

    SVP/ ENTERPRISE GROWTH

    Total calculated
    $1,035,291
    From this org
    $0
    From related orgs
    $947,738
    Other
    $87,553
    Hours/week
    27.3 + 32.7 related

    Schedule J breakdown matched by us

    Base
    $0 + $536,782 related
    Bonus
    $0 + $324,179 related
    Other
    $0 + $86,777 related
    Deferred
    $0 + $26,173 related
    Nontaxable benefits
    $0 + $61,380 related
    Filer's total
    $0 + $1,035,291 related

  • BRIAN K REGAN

    VP-QUAL & PAT SAFETY NYPH SYS

    Total calculated
    $651,044
    From this org
    $0
    From related orgs
    $563,280
    Other
    $87,764
    Hours/week
    33 + 27 related

    Schedule J breakdown matched by us

    Base
    $0 + $390,971 related
    Bonus
    $0 + $132,489 related
    Other
    $0 + $39,820 related
    Deferred
    $0 + $50,227 related
    Nontaxable benefits
    $0 + $37,537 related
    Filer's total
    $0 + $651,044 related

  • ANITA R GOLBEY

    FORMER OFFICER

    Total calculated
    $715,659
    From this org
    $0
    From related orgs
    $660,209
    Other
    $55,450
    Hours/week
    0 + 60 related

    Schedule J breakdown matched by us

    Base
    $0 + $111,133 related
    Bonus
    $0 + $126,931 related
    Other
    $0 + $422,145 related
    Deferred
    $0 + $50,099 related
    Nontaxable benefits
    $0 + $5,351 related
    Filer's total
    $0 + $715,659 related

  • LAURA L FORESE

    FORMER OFFICER

    Total calculated
    $6,490,931
    From this org
    $0
    From related orgs
    $6,251,405
    Other
    $239,526
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0 + $4,050,000 related
    Other
    $0 + $2,201,405 related
    Deferred
    $0 + $239,526 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $6,490,931 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 — 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

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan

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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
COMPENSATION DECISIONS FOR THE CEO/PRESIDENT WAS DETERMINED BY A RELATED ORGANIZATION FOLLOWING THAT ORGANIZATION'S COMPENSATION POLICY.
Schedule J, Part I, Line 4a Severance or change-of-control payment
RECEIVED SEVERANCE PAY: LAURA FORESE: $2,000,000 ANITA R. GOLBEY: $294,385
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
NEW YORK-PRESBYTERIAN HEALTHCARE SYSTEM, INC. (THE "CORPORATION") HAS NO EMPLOYEES. CERTAIN INDIVIDUALS IDENTIFIED HEREIN AS OFFICERS, KEY EMPLOYEES AND HIGHEST COMPENSATED EMPLOYEES OF THE CORPORATION ARE EMPLOYED AND COMPENSATED BY A RELATED ORGANIZATION, THE NEW YORK AND PRESBYTERIAN HOSPITAL (THE "HOSPITAL"). THESE INDIVIDUALS PERFORM SERVICES FOR THE CORPORATION, AND IN SOME CASES OTHER RELATED ORGANIZATIONS, BY ARRANGEMENT BETWEEN THE HOSPITAL AND SUCH ORGANIZATION(S). THE OFFICERS AND KEY EMPLOYEES IDENTIFIED IN PART VII ARE RESPONSIBLE FOR EXECUTING THE MISSION AND MANAGEMENT OF THE NEW YORK AND PRESBYTERIAN HOSPITAL (NYP) AND ITS AFFILIATED ENTITIES. COMPENSATION FOR 2024 OF THESE UPPER LEVEL EXECUTIVES INCLUDES THE PAYOUT OF AN ANNUAL INCENTIVE PLAN AND A LONG-TERM INCENTIVE PLAN. THIS PERFORMANCE ORIENTED PROGRAM CONDITIONS PAYMENTS UPON THE ACHIEVEMENT OF MULTIPLE INDIVIDUAL AND GROUP PERFORMANCE MEASURES. MEASURES TO MONITOR PERFORMANCE INCLUDE: OPERATIONAL AND FINANCIAL STRENGTH, PATIENT QUALITY AND SAFETY, PATIENT SATISFACTION, ADVANCEMENT OF PATIENT CARE, AND PEOPLE DEVELOPMENT AND PARTNERSHIP. INCENTIVE AWARDS MAY ONLY BE GRANTED IF THE ORGANIZATION ACHIEVES A FINANCIAL SURPLUS. EVEN IF ALL RELEVANT PERFORMANCE MEASUREMENTS ARE ACHIEVED, THE NYP BOARD OF TRUSTEES RETAINS FULL DISCRETION TO MAKE OR NOT MAKE ANY INCENTIVE AWARDS, OR TO REDUCE THE AMOUNT OF ANY INCENTIVE AWARD. THIS INITIATIVE IS CRITICAL TO ASSURING THAT NYP HAS THE REQUISITE LEADERSHIP TO CREATE AND MANAGE A HIGHLY MOTIVATED AND ENGAGED WORKFORCE, TO DRIVE SUPERIOR PERFORMANCE THROUGHOUT THE ORGANIZATION AND TO ACHIEVE TOP TIER MEDICAL CENTER STATUS. AS A SEPARATE MATTER, DUE TO RESTRICTIONS IMPOSED BY THE INTERNAL REVENUE CODE, UPPER LEVEL EXECUTIVES ARE LIMITED IN THE AMOUNT OF BENEFITS RECEIVED UNDER A TAX-QUALIFIED RETIREMENT PLAN. LIKE MANY EMPLOYERS, NYP SUPPLEMENTS THESE EXECUTIVES' PENSION BENEFITS THROUGH A SUPPLEMENTAL ("NONQUALIFIED") RETIREMENT PLAN. THE SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP) IS SUBJECT TO A MULTI-YEAR VESTING REQUIREMENT (COMMENCING) AFTER FIVE YEARS OF PARTICIPATION IN THE SERP, IN PRORATED AMOUNTS THROUGH AGE 65) WHICH PLACES AN EXECUTIVE'S SUPPLEMENTAL RETIREMENT BENEFIT AT RISK OF FORFEITURE IF THE VESTING REQUIREMENTS ARE NOT SATISFIED. ONCE VESTED, HOWEVER, PROVISIONS OF THE INTERNAL REVENUE CODE REQUIRE THAT THE VESTED EXECUTIVE INCLUDE IN CURRENT INCOME THE VALUE OF HIS OR HER VESTED SUPPLEMENTAL RETIREMENT BENEFIT. NOTWITHSTANDING THE LEGAL REQUIREMENT TO RECOGNIZE THE VESTED VALUE OF THE SUPPLEMENTAL RETIREMENT BENEFIT AS CURRENT INCOME, THE SUPPLEMENTAL RETIREMENT BENEFIT WILL NOT BE DISTRIBUTED TO THE EXECUTIVE UNTIL THE EXECUTIVE ACTUALLY RETIRES FROM NYP (ALTHOUGH, AS PERMITTED BY THE INTERNAL REVENUE CODE, THE SUPPLEMENTAL RETIREMENT PLAN WILL EFFECT A DISTRIBUTION OF AN AMOUNT NECESSARY TO SATISFY THE EXECUTIVE'S TAX LIABILITY RESULTING FROM THE INCOME RECOGNITION UPON VESTING). AS NOTED, THIS SUPPLEMENTAL RETIREMENT BENEFIT WILL NOT BE DISTRIBUTED TO THE EXECUTIVE UNTIL THE EXECUTIVE ACTUALLY RETIRES FROM NYP. THERE ARE CONSTANTLY CHANGING LEGAL, TAX, ACCOUNTING, AND PUBLIC DISCLOSURE RULES FOR A SERP (SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN) IN NOT-FOR-PROFIT ORGANIZATIONS. THE EXECUTIVE COMPENSATION COMMITTEE CONTINUOUSLY MONITORS THESE CHANGES AND INCORPORATES ANY CHANGES INTO THE OVERALL SERP PLAN DESIGN. AS IN PAST YEARS, THE EXECUTIVE COMPENSATION COMMITTEE OF NYP REQUIRES A THIRD PARTY TO COMPLETE A REVIEW OF THE ORGANIZATION'S COMPENSATION PROGRAM TO ENSURE ITS EFFECTIVENESS IN TERMS OF GOVERNMENT REGULATIONS, MARKET CONDITIONS AND THE NEED TO CONTINUALLY ELEVATE ORGANIZATIONAL PERFORMANCE. THE REPORT ALSO SERVES TO MEET THE REGULATORY OBLIGATIONS TO ENSURE THAT ALL ELEMENTS OF THE EXECUTIVE COMPENSATION PROGRAMS ARE REASONABLE. EACH OF THE OFFICERS AND KEY EMPLOYEES LISTED DEVOTES AN AVERAGE OF SIXTY HOURS PER WEEK TO PERFORM HIS OR HER RESPONSIBILITIES FOR THE REPORTING ENTITY AND OTHER RELATED ORGANIZATIONS IN THE AGGREGATE. PARTICIPATED IN SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN: LAURA FORESE : $239,526 STEVEN CORWIN : $645,610 SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN AS REPORTED ON THE W-2: HERBERT PARDES : $29,931 STEVEN CORWIN : $517,101 LAURA FORESE : $201,405 STEVEN CORWIN (CHIEF EXECUTIVE OFFICER) HAS A PERFORMANCE-BASED DEFERRED COMPENSATION PLAN THAT PROVIDES ANNUAL PERFORMANCE-BASED GRANTS. THE AWARDS ARE SUBJECT TO THE COMPENSATION COMMITTEE ASSESSMENT OF PERFORMANCE AND ONGOING EMPLOYMENT THROUGH DATE OF VESTING. UNVESTED AWARDS EARN A 5% ANNUAL INTEREST CREDIT. IN 2024, THE CHIEF EXECUTIVE OFFICER MET THE VESTING REQUIREMENTS AND RECEIVED A DISTRIBUTION OF $14,192,758 FOR THE PERFORMANCE PERIODS THAT RAN THROUGH 2023.

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.

Provenance

Return type
form_990
Tax year
2024
Filed
11 November 2025
IRS schema version
2024v5.1
Source object
202503159349301430

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