Skip to content
Nonprofiteer
← MONTEFIORE MEDICAL CENTER

Form 990 for tax year 2023

Filed by MONTEFIORE MEDICAL CENTER.

Totals

Total revenue
$5,057,497,655
Total expenses
$5,003,322,926
Contributions and grants received
$91,722,258
Grants paid
$2,349,206
Program services expenses (Part IX)
$4,486,158,271
Management and general expenses
$510,637,548
Fundraising expenses
$6,527,107
Program service expenses (Part III)
$4,486,158,271

Program services were 89.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • ALAN M KLEIN

    SECRETARY (RESIGNED 12/31/2023)

    Total calculated
    $0
    Hours/week
    1 + 2.5 related

  • CATHERINE KLEMA

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • EMANUEL CHIRICO

    TREASURER

    Total calculated
    $0
    Hours/week
    0.8 + 1.8 related

  • JAMES M BUTLER

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1.3 + 3 related

  • PHILIP O OZUAH MD PHD

    PRESIDENT & CEO

    Total calculated
    $16,361,629
    From this org
    $0
    From related orgs
    $16,314,853
    Other
    $46,776
    Hours/week
    40.8 + 19.2 related

    Schedule J breakdown matched by us

    Base
    $0 + $4,712,384 related
    Bonus
    $0 + $6,300,000 related
    Other
    $0 + $5,302,469 related
    Deferred
    $0 + $17,000 related
    Nontaxable benefits
    $0 + $29,776 related
    Filer's total
    $0 + $16,361,629 related

  • ALAN N SUNA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 0.8 related

  • ALISA R DOCTOROFF

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.8 + 3.3 related

  • ALLEN M SPIEGEL MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 0.8 related

  • BARRY S BLATTMAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.8 + 1.8 related

  • BRUCE DONIGER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 0.8 related

  • DANIEL R TISHMAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 2.8 related

  • DAVID A TANNER

    TRUSTEE (RESIGNED 1/24/2023)

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • DAVID B KEIDAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 0.8 related

  • DOUGLAS F EISENBERG

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 0.8 related

  • EDWIN H STERN III

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 0.8 related

  • ELLEN BRESLOW NEWHOUSE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 0.8 related

  • GAYLE F ROBINSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.8 + 1.8 related

  • HELEN A JOHNSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.8 + 0.8 related

  • JAY B ABRAMSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.8 + 2.8 related

  • JENNIE EMIL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 0.8 related

  • JOEL BRAUN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 0.8 related

  • JOHN HEFFER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 1.5 related

  • JOHN P GUTFREUND

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 0.8 related

  • JON W ROTENSTREICH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 0.8 related

  • JONATHAN A LIPTON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • LEWIS HENKIND

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 1.8 related

  • MARGARET S NATHAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 0.8 related

  • MATTHEW H NORD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • MELISSA CERIALE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.8 + 2.8 related

  • MICHAEL A STOCKER MD

    TRUSTEE (RESIGNED 12/31/2023)

    Total calculated
    $0
    Hours/week
    0.8 + 2.8 related

  • NATHAN GANTCHER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 2 related

  • PATRICIA BAUMAN

    TRUSTEE (DECEASED 3/26/2024)

    Total calculated
    $0
    Hours/week
    0.5 + 0.8 related

  • PATRICIA GREEN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 0.8 related

  • RONALD L MOELIS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.8 + 1.3 related

  • RUTH L GOTTESMAN EDD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 2 related

  • STACEY R LANE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 2 related

  • THOMAS L HARRISON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 0.8 related

  • CHRISTOPHER PANCZNER

    ASST SEC.-SVP & GEN COUNSEL

    Total calculated
    $1,872,945
    From this org
    $0
    From related orgs
    $1,826,063
    Other
    $46,882
    Hours/week
    35.7 + 24.3 related

    Schedule J breakdown matched by us

    Base
    $0 + $952,555 related
    Bonus
    $0 + $234,923 related
    Other
    $0 + $638,585 related
    Deferred
    $0 + $17,000 related
    Nontaxable benefits
    $0 + $29,882 related
    Filer's total
    $0 + $1,872,945 related

  • COLLEEN M BLYE

    EXEC VP & CFO

    Total calculated
    $3,678,461
    From this org
    $0
    From related orgs
    $3,648,579
    Other
    $29,882
    Hours/week
    36.8 + 23.2 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,731,126 related
    Bonus
    $0 + $1,000,000 related
    Other
    $0 + $917,453 related
    Deferred
    $0 + $17,000 related
    Nontaxable benefits
    $0 + $12,882 related
    Filer's total
    $0 + $3,678,461 related

  • SUSAN GREEN-LORENZEN RN

    SYSTEM SENIOR VP-OPERATIONS

    Total calculated
    $2,759,560
    From this org
    $0
    From related orgs
    $2,712,654
    Other
    $46,906
    Hours/week
    44 + 16 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,216,631 related
    Bonus
    $0 + $475,900 related
    Other
    $0 + $1,020,123 related
    Deferred
    $0 + $17,000 related
    Nontaxable benefits
    $0 + $29,906 related
    Filer's total
    $0 + $2,759,560 related

  • DANIEL GOLDSTEIN MD

    VICE CHAIR-CARDIOTHORACIC SURG

    Total calculated
    $1,724,539
    From this org
    $1,704,255
    From related orgs
    $0
    Other
    $20,284
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $1,596,950
    Bonus
    $106,273
    Other
    $1,032
    Deferred
    $17,000
    Nontaxable benefits
    $3,284
    Filer's total
    $1,724,539

  • EMAD ESKANDAR MD

    CHAIR-NEUROLOGICAL SURGERY

    Total calculated
    $2,424,418
    From this org
    $2,348,686
    From related orgs
    $0
    Other
    $75,732
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $2,347,654
    Bonus
    $0
    Other
    $1,032
    Deferred
    $17,000
    Nontaxable benefits
    $58,732
    Filer's total
    $2,424,418

  • JOSEPH DE ROSE MD

    DIR MIN INVASIVE ROBOTIC SURG

    Total calculated
    $1,753,249
    From this org
    $1,707,686
    From related orgs
    $0
    Other
    $45,563
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $1,589,272
    Bonus
    $118,414
    Other
    $0
    Deferred
    $17,000
    Nontaxable benefits
    $28,563
    Filer's total
    $1,753,249

  • NEIL COBELLI MD

    CHAIR-DEPT. OF ORTHOPEDICS

    Total calculated
    $1,639,200
    From this org
    $1,598,276
    From related orgs
    $0
    Other
    $40,924
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $1,594,473
    Bonus
    $0
    Other
    $3,803
    Deferred
    $17,000
    Nontaxable benefits
    $23,924
    Filer's total
    $1,639,200

  • ROBERT MICHLER MD

    CHAIR-SURG/CARDIOTHORACIC SURG

    Total calculated
    $4,787,254
    From this org
    $4,708,987
    From related orgs
    $0
    Other
    $78,267
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $4,705,939
    Bonus
    $0
    Other
    $3,048
    Deferred
    $17,000
    Nontaxable benefits
    $61,267
    Filer's total
    $4,787,254

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

  • 1a · First-class or charter travel
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 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 1a First-class or charter travel
ONE OFFICER TRAVELED FIRST CLASS AS PROVIDED FOR UNDER MEDICAL CENTER POLICY. ALL SUCH TRAVEL WAS FOR MEDICAL CENTER BUSINESS PURPOSES, ACCORDINGLY, THE COST OF SUCH TRAVEL WAS NOT INCLUDED IN HIS TAXABLE INCOME.
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
AS IT RELATES TO COMPENSATION FROM MONTEFIORE MEDICINE ACADEMIC HEALTH SYSTEM, INC. AND MONTEFIORE HEALTH SYSTEM, INC. FOR ALL OFFICERS AND KEY EMPLOYEES: THE COMPENSATION COMMITTEE REVIEWS AND APPROVES ALL FORMS OF COMPENSATION AND BENEFITS PROVIDED TO EACH EXECUTIVE WITH THE ASSISTANCE OF A NATIONAL INDEPENDENT COMPENSATION CONSULTING FIRM. THE CONSULTING FIRM ASSISTS THE COMPENSATION COMMITTEE WITH ITS DECISION-MAKING PROCESS TO ENSURE EXECUTIVE COMPENSATION LEVELS ARE REASONABLE AND APPROPRIATE RELATIVE TO THOSE OF OTHER SIMILARLY SITUATED ORGANIZATIONS. THE COMPENSATION COMMITTEE IS COMPRISED OF INDEPENDENT MEMBERS OF THE BOARD OF TRUSTEES. BASE SALARIES IN COLUMN B(I) ARE DETERMINED BASED ON COMPETITIVE MARKET PRACTICES FOR POSITIONS WITH COMPARABLE SCOPE OF RESPONSIBILITIES WITHIN A PEER GROUP OF SIMILARLY SITUATED HEALTH SYSTEMS. BONUS AND INCENTIVE COMPENSATION IN COLUMN B(II) IS BASED ON THE ACHIEVEMENT OF PERFORMANCE GOALS. THE EXECUTIVES' COMPENSATION PROGRAM HAS A SIGNIFICANT PAY-AT-RISK COMPONENT TO ENSURE THE ALIGNMENT OF PAY AND ORGANIZATIONAL PERFORMANCE. GOALS ARE SET IN ADVANCE IN AREAS SUCH AS QUALITY OF PATIENT CARE, PATIENT SATISFACTION, COMMUNITY SERVICES AND FINANCIAL PERFORMANCE. COMPENSATION IS AT RISK IF THE GOALS ESTABLISHED BY THE COMPENSATION COMMITTEE ARE NOT MET. OTHER REPORTABLE COMPENSATION IN COLUMN B(III) INCLUDES DISTRIBUTIONS FROM THE SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN. IN A MANNER DESIGNED TO QUALIFY FOR THE "REBUTTABLE PRESUMPTION OF REASONABLENESS" THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES EXPRESSLY REVIEWED AND APPROVED ALL COMPENSATION AND BENEFITS ARRANGEMENTS, INCLUDING 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 ORGANIZATION. POOLED SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN DISTRIBUTIONS BASED ON MULTIPLE YEARS OF SERVICE: SUSAN GREEN-LORENZEN, R.N. - $997,537; PHILIP O. OZUAH, M.D., PH.D. - $691,761; CHRISTOPHER PANCZNER - $616,551; COLLEEN BLYE - $915,869. THE HEALTH SYSTEM ALSO FUNDS A NONQUALIFYING DEFINED CONTRIBUTION SERP PLAN. AN OFFICER OF THE ORGANIZATION CURRENTLY PARTICIPATES 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. THERE WAS ONE DISTRIBUTION PAID OUT AS TAXABLE INCOME RELATED TO THE NONQUALIFYING DEFINED CONTRIBUTION SERP PLAN: PHILIP O. OZUAH, M.D., PH.D. - $4,574,850 BASED ON MULTIPLE YEARS OF SERVICE (SEE ABOVE FOR VESTING).
Schedule J, Part I, Line 7 Non-fixed payments
THE ANNUAL INCENTIVE AWARD IN COLUMN (B)(II) PAID TO TWO OF THE ORGANIZATION FIVE HIGHEST COMPENSATED INDIVIDUALS WAS BASED ON 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.

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202403199349314235

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

The source document this was parsed from is served over the API, which is where bulk and document access live.