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← MOUNT SINAI HEALTH SYSTEM EXECUTIVE V P FOR FINANCE

Form 990 for tax year 2023

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

Totals

Total revenue
$100,342,291
Total expenses
$100,342,291
Contributions and grants received
$49,798,394
Grants paid
$0
Program services expenses (Part IX)
$100,342,291
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$100,342,291

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

Listed in Part VII

  • DONALD J GOGEL

    VICE CHAIRMAN/TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 14 related

  • JAMES S TISCH

    CO-CHAIRMAN OF BOARD/TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 14 related

  • JEFF T BLAU

    VICE CHAIRMAN/TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 14 related

  • JOEL I PICKET

    VICE CHAIRMAN/TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 14 related

  • JOEL S EHRENKRANZ

    VICE CHAIRMAN/TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 14 related

  • JOHN A LEVIN

    VICE CHAIRMAN/TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 14 related

  • MICHAEL MINIKES

    VICE CHAIR/TRUSTEE/TREASURER

    Total calculated
    $0
    Hours/week
    2 + 20 related

  • RICHARD A FRIEDMAN

    CO-CHAIRMAN OF BOARD/TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 14 related

  • RICHARD RAVITCH

    VICE CHAIRMAN/TRUSTEE (end 6/23)

    Total calculated
    $0
    Hours/week
    2 + 14 related

  • STEVEN HOCHBERG

    VICE CHAIRMAN/TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 17 related

  • SUSAN R CULLMAN

    VICE CHAIRMAN/TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 14 related

  • THOMAS W STRAUSS

    VICE CHAIRMAN/TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 14 related

  • ANDREW SAUL

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    2 + 14 related

  • BETH ESSIG (2)

    EVP, GENERAL COUNSEL

    Total calculated
    $1,878,171
    From this org
    $0
    From related orgs
    $1,822,706
    Other
    $55,465
    Hours/week
    0.5 + 59.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,350,000 related
    Bonus
    $0 + $363,825 related
    Other
    $0 + $108,881 related
    Deferred
    $0 + $33,000 related
    Nontaxable benefits
    $0 + $22,465 related
    Filer's total
    $0 + $1,878,171 related

  • BONNIE M DAVIS

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    2 + 14 related

  • BRAD KARP

    SECRETARY

    Total calculated
    $0
    Hours/week
    2 + 14 related

  • CARL ICAHN

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    2 + 14 related

  • DENNIS CHARNEY (1)(2)

    PRESIDENT, ACADEMIC AFFAIRS

    Total calculated
    $5,471,287
    From this org
    $0
    From related orgs
    $5,416,895
    Other
    $54,392
    Hours/week
    0.5 + 59.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,100,000 related
    Bonus
    $0 + $308,000 related
    Other
    $0 + $4,008,895 related
    Deferred
    $0 + $33,000 related
    Nontaxable benefits
    $0 + $21,392 related
    Filer's total
    $0 + $5,471,287 related

  • ERIC MINDICH

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    2 + 14 related

  • GLENN DUBIN

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    2 + 14 related

  • HAMILTON JAMES

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    2 + 14 related

  • HENRY R KRAVIS

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    2 + 14 related

  • HON ROBERT E RUBIN

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    2 + 14 related

  • JAMES NEARY

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    2 + 14 related

  • JAMES W CRYSTAL

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    2 + 14 related

  • JEFFREY SILBERSTEIN (2)

    EVP, SYSTEM CAO

    Total calculated
    $1,518,747
    From this org
    $0
    From related orgs
    $1,484,091
    Other
    $34,656
    Hours/week
    0.5 + 59.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,032,000 related
    Bonus
    $0 + $269,500 related
    Other
    $0 + $182,591 related
    Deferred
    $0 + $33,000 related
    Nontaxable benefits
    $0 + $1,656 related
    Filer's total
    $0 + $1,518,747 related

  • JEREMY BOAL (2)

    EVP, SYSTEM CHIEF CLINICAL OFF

    Total calculated
    $1,854,642
    From this org
    $0
    From related orgs
    $1,765,171
    Other
    $89,471
    Hours/week
    0.5 + 59.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,065,549 related
    Bonus
    $0
    Other
    $0 + $699,622 related
    Deferred
    $0 + $33,000 related
    Nontaxable benefits
    $0 + $56,471 related
    Filer's total
    $0 + $1,854,642 related

  • JOHN B HESS

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    2 + 14 related

  • JUDITH O RUBIN

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    2 + 14 related

  • KELLY CASSANO (2)

    EVP, SYS AMBULATORY OPERATION

    Total calculated
    $1,267,329
    From this org
    $0
    From related orgs
    $1,222,124
    Other
    $45,205
    Hours/week
    0.5 + 59.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $850,000 related
    Bonus
    $0 + $229,075 related
    Other
    $0 + $143,049 related
    Deferred
    $0 + $33,000 related
    Nontaxable benefits
    $0 + $12,205 related
    Filer's total
    $0 + $1,267,329 related

  • KENNETH DAVIS (2)

    PRESIDENT AND CEO

    Total calculated
    $7,199,726
    From this org
    $0
    From related orgs
    $7,103,412
    Other
    $96,314
    Hours/week
    0.5 + 59.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $3,700,000 related
    Bonus
    $0 + $1,500,000 related
    Other
    $0 + $1,903,412 related
    Deferred
    $0 + $33,000 related
    Nontaxable benefits
    $0 + $63,314 related
    Filer's total
    $0 + $7,199,726 related

  • MARGARET PASTUSZKO (2)

    PRESIDENT, SYSTEM COO

    Total calculated
    $2,493,286
    From this org
    $0
    From related orgs
    $2,423,803
    Other
    $69,483
    Hours/week
    0.5 + 59.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,750,000 related
    Bonus
    $0 + $471,625 related
    Other
    $0 + $202,178 related
    Deferred
    $0 + $33,000 related
    Nontaxable benefits
    $0 + $36,483 related
    Filer's total
    $0 + $2,493,286 related

  • STEPHEN HARVEY (2)

    EVP, SYSTEM CFO

    Total calculated
    $2,107,872
    From this org
    $0
    From related orgs
    $2,026,048
    Other
    $81,824
    Hours/week
    0.5 + 59.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,200,000 related
    Bonus
    $0 + $390,775 related
    Other
    $0 + $435,273 related
    Deferred
    $0 + $33,000 related
    Nontaxable benefits
    $0 + $48,824 related
    Filer's total
    $0 + $2,107,872 related

  • FRANK CINO (2)

    SVP, SYSTEM CHIEF RISK OFFICER

    Total calculated
    $823,989
    From this org
    $0
    From related orgs
    $766,371
    Other
    $57,618
    Hours/week
    0.5 + 59.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $600,000 related
    Bonus
    $0 + $138,600 related
    Other
    $0 + $27,771 related
    Deferred
    $0 + $33,000 related
    Nontaxable benefits
    $0 + $24,618 related
    Filer's total
    $0 + $823,989 related

  • ARTHUR KLEIN

    EVP, PRESIDENT OF HEALTH NTWK

    Total calculated
    $600,000
    From this org
    $0
    From related orgs
    $600,000
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $600,000 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $600,000 related

  • BURTON P DRAYER

    FORMER OFFICER

    Total calculated
    $789,004
    From this org
    $0
    From related orgs
    $749,735
    Other
    $39,269
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $180,000 related
    Bonus
    $0
    Other
    $0 + $569,735 related
    Deferred
    $0 + $18,000 related
    Nontaxable benefits
    $0 + $21,269 related
    Filer's total
    $0 + $789,004 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
  • 6b · Pay contingent on a related organization's net earnings

Answered no

  • 4c · Equity-based compensation arrangement
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this 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
ARTHUR KLEIN RECEIVED $600,000 OF SEVERANCE PAYMENTS DURING 2023. JEREMY BOAL RECEIVED $148,883 OF SEVERANCE PAYMENTS DURING 2023.
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
THE DEAN WAS THE SOLE PARTICPANT IN THE ORGANIZATION'S SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN ("SERP") AND WAS PAID OUT HIS ONE TIME SERP PAYMENT OF $3,000,000 IN 2023. THE BENEFITS EARNED UNDER THE SERP ARE DESIGNED TO FUND THE DEAN'S EVENTUAL RETIREMENT. THE DEAN HAS WORKED AT MOUNT SINAI FOR 20 YEARS; 17 YEARS AS DEAN.
Schedule J, Part I, Line 6b Compensation contingent on net earnings of a related organization
THE MOUNT SINAI HOSPITAL, A RELATED ORGANIZATION, ANSWERED YES TO QUESTIONS 6A AND 6B IN SCHEDULE J AS THE INSTITUTION UTILIZES AN INCENTIVE BASED BONUS PROGRAM FOR CERTAIN EMPLOYEES, INCLUDING SEVERAL OF THOSE EMPLOYEES LISTED IN SCHEDULE J. NET EARNINGS IS ONE OF SEVERAL METRICS UTILIZED BY THE INSTITUTION IN THE ANNUAL BONUS CALCULATION. OTHER METRICS UTILIZED IN THE INCENTIVE COMPENSATION MODEL INCLUDE THE ORGANIZATION'S PERFORMANCE ON THE JCAHO HOSPITAL CORE MEASURES, PATIENT SATISFACTION SCORES, AND OTHER ORGANIZATIONAL GOALS SUCH AS LENGTH OF STAY INITIATIVES. INDIVIDUALS THAT HAVE RESPONSIBILITIES IN RELATED ORGANIZATIONS TO THE HOSPITAL MAY HAVE INCENTIVES BASED ON THE PERFORMANCE OF THESE ORGANIZATIONS AS WELL AS THAT OF THE HOSPITAL.
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.

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202413209349318881

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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