Albany Medical Center
- Assets
- $10.5m
- Revenue
- $7.5m
- Investments
- $0.0
- Employees
- 33
- Location
- Albany, NY
- Founding
- 03/2014
- Data as of
- 12/2017
- EIN
- 14-1820447
Organization Overview
Albany Medical Center is located in Albany, NY. The organization was established in 2014. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. As of 12/2017, Albany Medical Center employed 33 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Albany Medical Center is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2017, Albany Medical Center generated $7.5m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $6.3m during the year ending 12/2017. While expenses have increased by 2.0% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2017
Describe the Organization's Mission:
Part 3 - Line 1
CDT'S OVERALL MISSION IS TO FACILITATE PROCUREMENT AND EQUITABLE DISTRIBUTION OF ORGANS AND TISSUE FOR TRANSPLANT, EDUCATE THE PUBLIC ABOUT DONATION AND TRANSPLANT, AND SUPPORT DONORS THROUGH THE PROCESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESEARCH/EDUCATION - PRIMARY PURPOSE IS TO FACILITATE PROCUREMENT AND EQUITABLE DISTRIBUTION OF MEDICALLY SUITABLE ORGANS FOR TRANSPLANTATION. ALSO, CDT IS TO ENSURE THAT FAMILIES ARE INFORMED ON OPTIONS FOR ORGAN DONATION. SUPPORT FAMILY AND HOSPITAL PERSONNEL INVOLVED IN THE DONATION PROCESS AND EDUCATE THE UPSTATE MEDICAL PROFESSION ON ORGAN PROCUREMENT.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael R Thibault Exec Director Cdt | 40 | $181,248 | |
Joselito C Nuqui Coord Organ Procur | 40 | $110,321 | |
Barbara L York Coord Organ Procur | 40 | $109,586 | |
Bilal Mahmood Coord Organ Procur | 40 | $108,061 | |
Jennifer M Salm Coord Organ Procur | 40 | $104,508 | |
David J Conti Board Member | Trustee | 5 | $29,379 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $9,165 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $33,326 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $42,491 |
| Total Program Service Revenue | $7,425,958 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,468,449 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $30,266 |
| Compensation of current officers, directors, key employees. | $30,266 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,027,734 |
| Pension plan accruals and contributions | $16,843 |
| Other employee benefits | $146,978 |
| Payroll taxes | $112,813 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,811,437 |
| Advertising and promotion | $240,292 |
| Office expenses | $46,973 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $169,116 |
| Travel | $262,010 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $67 |
| Payments to affiliates | $785,570 |
| Depreciation, depletion, and amortization | $30,844 |
| Insurance | $0 |
| All other expenses | $32,512 |
| Total functional expenses | $6,306,149 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $831,881 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $18,076 |
| Net Land, buildings, and equipment | $106,389 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,521,025 |
| Total assets | $10,477,371 |
| Accounts payable and accrued expenses | $657,216 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $657,216 |
| Unrestricted restricted net Assets | $9,820,155 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $9,820,155 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chandler Hall Health Services Inc Newtown, PA | $26,412,529 | $17,505,940 |
Boston Healthnet Corporation Boston, MA | $1,391,448 | $17,183,901 |
Main Line Health System Newtown Square, PA | $716,989,438 | $16,528,062 |
Albany Medical Center Saratoga Springs, NY | $17,328,223 | $18,761,699 |
Keystone Human Services Harrisburg, PA | $87,650,682 | $15,974,485 |
Masonicare Corporation Wallingford, CT | $62,787,609 | $7,389,407 |
Metropolitan Medical Practice Plan Pc Bronx, NY | $6,076,770 | $14,643,918 |
Gslpg Inc Allentown, PA | $2,068,397 | $14,256,674 |
Western Connecticut Health Network Affiliates Inc Danbury, CT | $7,022,021 | $12,529,671 |
Wellspan Health Care Services York, PA | $27,111,355 | $16,698,867 |
Southcoast Health System Inc New Bedford, MA | $230,534,649 | $39,093,596 |
Mass General Brigham Incorporated Somerville, MA | $110,987,827 | $17,110,178 |