Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $1,454,602

• 1f · All other contributions, gifts and grants

  $625,105

• 2a · Program service revenue: MEDICARE & MEDICAID REVENUE

  total $70,064,439 · related or exempt $70,064,439

• 2b · Program service revenue: PATIENT REVENUE

  total $59,792,770 · related or exempt $59,792,770

• 2c · Program service revenue: PHARMACY

  total $3,829,384 · related or exempt $3,829,384

• 2d · Program service revenue: INTERCOMPANY REVENUE

  total $495,296 · related or exempt $495,296

• 2e · Program service revenue: PARKING GARAGE

  total $44,903 · related or exempt $44,903

• 2f · All other program service revenue

  total $623,060 · related or exempt $623,060 · unrelated business $0 · excluded $0

• 3 · Investment income

  total $37,638 · excluded $37,638

• 6a · Gross rents

  real property $345,475

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $345,475 · personal property $0

• 6d · Net rental income or loss

  total $345,475 · excluded $345,475

• 7a · Gross sales of assets other than inventory

  securities $14,880

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

  securities $0

• 7c · Gain or loss

  securities $14,880 · other assets $0

• 7d · Net gain or loss

  total $14,880 · excluded $14,880

• 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 $45,249,835 · program services $36,337,252 · management and general $8,912,583

• 8 · Pension plan contributions

  total $174,970 · program services $140,507 · management and general $34,463

• 9 · Other employee benefits

  total $7,401,745 · program services $5,943,869 · management and general $1,457,876

• 10 · Payroll taxes

  total $2,905,501 · program services $2,333,222 · management and general $572,279

• 11a · Fees: management

  total $660,452 · management and general $660,452

• 11c · Fees: accounting

  total $22,547 · management and general $22,547

• 11g · Fees: other

  total $7,331,730 · program services $3,162,794 · management and general $4,168,936 · fundraising $0

• 12 · Advertising and promotion

  total $2,240 · management and general $2,240

• 13 · Office expenses

  total $177,459 · program services $89,617 · management and general $87,842

• 14 · Information technology

  total $9,417 · program services $115 · management and general $9,302

• 16 · Occupancy

  total $3,511,179 · program services $2,819,604 · management and general $691,575

• 17 · Travel

  total $18,862 · program services $18,862

• 19 · Conferences, conventions and meetings

  total $15,213 · program services $4,907 · management and general $10,306

• 20 · Interest

  total $129,362 · program services $103,882 · management and general $25,480

• 22 · Depreciation, depletion and amortization

  total $5,536,403 · program services $4,445,932 · management and general $1,090,471

• 23 · Insurance

  total $3,232,950 · program services $2,596,176 · management and general $636,774

• 24a · Other expenses: BAD DEBT

  total $15,118,179 · program services $15,118,179

• 24b · Other expenses: PROVIDER ASSESSMENT

  total $12,550,092 · program services $12,550,092

• 24c · Other expenses: DRUGS AND MEDICAL SUPPLIES

  total $10,884,837 · program services $10,884,837

• 24d · Other expenses: INTERCOMPANY PURCHASED SERVICES

  total $10,091,093 · program services $10,306,438 · management and general -$215,345

• 24e · All other expenses

  total $26,429,875 · program services $23,284,973 · management and general $3,144,902 · fundraising $0

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $693,904 · end of year $1,822,147

• 2 · Savings and temporary cash investments

  beginning of year $820,884 · end of year $881,875

• 4 · Accounts receivable

  beginning of year $17,826,423 · end of year $15,328,085

• 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

• 8 · Inventories for sale or use

  beginning of year $1,486,142 · end of year $1,184,832

• 9 · Prepaid expenses and deferred charges

  beginning of year $565,626 · end of year $253,893

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

  $144,978,978

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

  $82,287,359

• 10c · Land, buildings and equipment, net

  beginning of year $66,511,656 · end of year $62,691,619

• 12 · Investments: other securities

  beginning of year $295,930 · end of year $321,894

• 13 · Investments: program-related

  beginning of year $0

• 15 · Other assets

  beginning of year $1,745,438 · end of year $12,582,561

• 17 · Accounts payable and accrued expenses

  beginning of year $8,467,507 · end of year $10,927,135

• 22 · Loans and payables to officers and key people

  beginning of year $0 · end of year $0

• 25 · Other liabilities

  beginning of year $57,643,927 · end of year $74,357,888

• 27 · Net assets without donor restrictions

  beginning of year $23,669,569 · end of year $8,609,883

• 28 · Net assets with donor restrictions

  beginning of year $165,000 · end of year $1,172,000

The filer's explanations (Part III)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation

SINAI HEALTH SYSTEM (SHS) HAS A HUMAN RESOURCES COMMITTEE TO SUPPORT THE ORGANIZATIONAL PERFORMANCE OF SINAI HEALTH SYSTEMS AND ITS RELATED ENTITIES THROUGH THE ALIGNMENT OF EXECUTIVE COMPENSATION WITH SYSTEM STRATEGIES AND PROGRAMS AND ENSURE COMPLIANCE WITH APPLICABLE LAW. THE VOTING MEMBERS OF THE COMMITTEE ARE INDEPENDENT MEMBERS OF THE BOARD OF DIRECTORS. THE COMMITTEE ESTABLISHES DETAILED GOALS ANNUALLY OR MORE FREQUENTLY AS CIRCUMSTANCES REQUIRE. THE COMMITTEE ESTABLISHES DETAILED GOALS ANNUALLY FOR THE PRESIDENT AND CEO AND OTHER EXECUTIVES, AND REVIEWS PERFORMANCE AGAINST THESE GOALS ON AN ANNUAL BASIS. THE COMMITTEE ANNUALLY ENGAGES AN OUTSIDE INDEPENDENT COMPENSATION CONSULTANT TO BENCHMARK THE SALARIES AND BENEFITS OF THE ORGANIZATION'S ASSISTANT VICE PRESIDENT AND ABOVE. COMPENSATION IS BASED ON: A) DETAILED WRITTEN PERFORMANCE OF THE PRESIDENT AND CEO; B) EACH ELEMENT OF COMPENSATION, DATA OF THE COMPENSATION PROGRAM IN EFFECT FOR CEOS OF COMPARABLE ORGANIZATIONS; AND C) ANNUAL REVIEW OF CEO PERFORMANCE IS CONDUCTED AGAINST SHS ESTABLISHED GOALS. THE COMMITTEE MAINTAINS WRITTEN MINUTES WHICH ARE MAINTAINED IN EXECUTIVE ADMINISTRATION.

Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan

MOUNT SINAI HOSPITAL'S (MSH) SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP) WAS ESTABLISHED AS A NON-QUALIFIED RETIREMENT PLAN FOR ITS KEY EMPLOYEES, SPECIFICALLY THE CHIEF EXECUTIVE STAFF. THIS PLAN PROVIDES ADDED BENEFITS THAT MAY BE ABOVE AND BEYOND THOSE THRESHOLDS COVERED IN OTHER TRADITIONAL RETIREMENT PLANS. MSH'S SERP IS ENTIRELY FUNDED BY THE EMPLOYER, MSH. THE MSH COMPENSATION COMMITTEE REVIEWS AND APPROVES ACCEPTANCE AND/OR MODIFICATIONS TO THE SERP PLAN. THE MSH'S SERP PLAN OUTLINES THE ANNUAL EARNINGS PER THE INDIVIDUAL PARTICIPANTS AS WELL AS THE TIME FRAMES OF VESTMENT PER THOSE RESPECTIVE INDIVIDUALS. THE PLAN VESTS UPON TWO YEARS OF SERVICE OR ATTAINMENT OF AGE 65. THE FOLLOWING INDIVIDUALS PARTICIPATED IN THE PLAN AND RECEIVED A DISTRIBUTION FROM OR HAD AMOUNTS VEST IN THE PLAN: ELIZABETH CONNOLLY - $25,825 DISTRIBUTION JASON SPIGNER - $25,243 DISTRIBUTION

Schedule J, Part I, Line 7 NON-FIXED PAYMENTS

SINAI HEALTH SYSTEM HAS A HUMAN RESOURCES COMMITTEE TO SUPPORT THE ORGANIZATIONAL PERFORMANCE OF SINAI HEALTH SYSTEMS AND ITS RELATED ENTITIES THROUGH THE ALIGNMENT OF EXECUTIVE COMPENSATION WITH SYSTEM STRATEGIES AND PROGRAMS AND ENSURE COMPLIANCE WITH APPLICABLE LAW. THE VOTING MEMBERS OF THE COMMITTEE ARE INDEPENDENT MEMBERS OF THE BOARD OF DIRECTORS. THE COMMITTEE ESTABLISHES DETAILED GOALS ANNUALLY OR MORE FREQUENTLY AS CIRCUMSTANCES REQUIRE. THE COMMITTEE ESTABLISHES DETAILED GOALS ANNUALLY FOR THE PRESIDENT AND CEO AND OTHER EXECUTIVES, AND REVIEWS PERFORMANCE AGAINST THESE GOALS ON AN ANNUAL BASIS. THE COMMITTEE ANNUALLY ENGAGES AN OUTSIDE INDEPENDENT COMPENSATION CONSULTANT TO BENCHMARK THE SALRIES AND BENEFITS OF THE ORGANIZATION'S ASSISTANT VICE PRESIDENT AND ABOVE. COMPENSATION IS BASED ON DETAILED WRITTEN PERFORMANCE OF THE PRESIDENT AND CEO, EACH ELEMENT OF COMPENSATION, DATA OF COMPENSATION PROGRAM IN EFFECT FOR CEOS OF COMPARABLE ORGANIZATIONS, AND CONDUCTS AN ANNUAL REVIEW OF CEO PERFORMANCE AGAINST ESTABLISHED GOALS. THE COMMITTEE MAINTAINS WRITTEN MINUTES WHICH ARE MAINTAINED IN EXECUTIVE ADMINISTRATION.

Related corporations and trusts

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

• PROGRESS HEALTH INC

  C Corporation · MGMT SERVICES · IL

  Directly controlled by NA

• SINAI COMMUNITY PHARMACY

  C Corporation · PHARMACY · IL

  Directly controlled by NA