Albany Med Health System
Albany Med Health System shows consistent revenue and expense levels with fluctuating operational margins over the last decade.
EIN: 141338413 · Glens Falls, NY · NTEE: E21 · Updated: 2026-03-28
Is Albany Med Health System Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Albany Med Health System directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Albany Med Health System
Albany Med Health System (EIN: 141338413) is a nonprofit organization based in Glens Falls, NY, classified under NTEE code E21. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Albany Med Health System's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Albany Med Health System is a major nonprofit that has been operating for 12 years, with 10 years of IRS 990 filings on record (2011–2020). Revenue has grown at a compound annual rate of 1.6%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $346.5M |
| Total Expenses | $347.3M |
| Surplus / Deficit | $-876,198 |
| Total Assets | $356.1M |
| Total Liabilities | $206.1M |
| Net Assets | $150.0M |
| Operating Margin | -0.3% |
| Debt-to-Asset Ratio | 57.9% |
| Months of Reserves | 12.3 months |
Financial Health Grade: C
In 2020, Albany Med Health System reported a deficit of $876K with expenses exceeding revenue, holds 12.3 months of operating reserves (strong position), has a debt-to-asset ratio of 57.9% (high leverage).
Financial Trends
Over 10 years of filings (2011–2020), Albany Med Health System's revenue has grown at a compound annual growth rate (CAGR) of 1.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | -0.4% | -1.1% | +34.0% |
| 2019 | -5.6% | -1.5% | -2.2% |
| 2018 | +16.7% | +2.0% | -9.9% |
| 2017 | -6.8% | +4.2% | +4.7% |
| 2016 | +2.2% | +1.1% | +5.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Albany Med Health System with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Albany Med Health System allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $876K, with expenses exceeding revenue.
- Debt-to-asset ratio: 57.9%.
Executive Compensation Analysis
The IRS 990 filings consistently report 0% officer compensation, which suggests that executive compensation is either not reported in this section, is covered by a related entity, or is genuinely not paid to officers in a manner that requires disclosure here. Further investigation would be needed to understand the full picture of executive remuneration.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Albany Med Health System's IRS 990 filings:
- Consistent reporting of 0% officer compensation, which may obscure actual executive pay.
- Several years with expenses exceeding revenue, indicating operational deficits (e.g., 2020, 2019, 2017).
Strengths
The following positive indicators were identified for Albany Med Health System:
- Consistent revenue generation over a decade, indicating a stable operational base.
- Significant and growing asset base, reaching over $356 million in 2020.
- Long history of IRS 990 filings, suggesting a commitment to regulatory compliance.
Frequently Asked Questions about Albany Med Health System
Is Albany Med Health System a legitimate charity?
Based on AI analysis of IRS 990 filings, Albany Med Health System (EIN: 141338413) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Albany Med Health System spend its money?
Albany Med Health System directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Albany Med Health System tax-deductible?
Albany Med Health System is registered as a tax-exempt nonprofit (EIN: 141338413). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Albany Med Health System financially sustainable given its fluctuating operational margins?
While the organization has experienced years with expenses exceeding revenue, its asset growth and overall financial scale suggest a degree of sustainability. However, consistent operational deficits could pose long-term challenges if not addressed.
How does Albany Med Health System manage its liabilities, which have grown significantly?
Liabilities have increased from $123,835,508 in 2011 to $206,102,158 in 2020. Understanding the nature of these liabilities (e.g., long-term debt, operational payables) and the organization's debt management strategy is crucial for assessing financial risk.
What is the true executive compensation structure, given the 0% reported in filings?
The consistent reporting of 0% officer compensation warrants further inquiry. It's possible compensation is reported by a parent entity, a related organization, or under different categories within the 990, or that the officers are compensated in a non-traditional manner.
Filing History
IRS 990 filing history for Albany Med Health System showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2020), Albany Med Health System's revenue has grown by 15.3%, moving from $300.5M to $346.5M. Total assets increased by 54.3% over the same period, from $230.7M to $356.1M. Total functional expenses rose by 18.4%, from $293.2M to $347.3M. In its most recent filing year (2020), Albany Med Health System reported a deficit of $876K, with expenses exceeding revenue. The organization holds $206.1M in liabilities against $356.1M in assets (debt-to-asset ratio: 57.9%), resulting in net assets of $150.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $346.5M | $347.3M | $356.1M | $206.1M | — | View 990 |
| 2019 | $347.8M | $351.2M | $265.7M | $159.7M | — | View 990 |
| 2018 | $368.2M | $356.6M | $271.8M | $167.8M | — | View 990 |
| 2017 | $315.5M | $349.7M | $301.6M | $196.0M | — | View 990 |
| 2016 | $338.6M | $335.6M | $288.0M | $154.6M | — | View 990 |
| 2015 | $331.4M | $332.1M | $272.5M | $142.9M | — | View 990 |
| 2014 | $310.9M | $304.9M | $261.0M | $129.7M | — | View 990 |
| 2013 | $308.0M | $306.6M | $251.0M | $126.6M | — | View 990 |
| 2012 | $309.9M | $306.6M | $232.2M | $115.6M | — | View 990 |
| 2011 | $300.5M | $293.2M | $230.7M | $123.8M | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $346.5M, expenses of $347.3M, and assets of $356.1M (revenue -0.4% year-over-year).
- 2019: Revenue of $347.8M, expenses of $351.2M, and assets of $265.7M (revenue -5.6% year-over-year).
- 2018: Revenue of $368.2M, expenses of $356.6M, and assets of $271.8M (revenue +16.7% year-over-year).
- 2017: Revenue of $315.5M, expenses of $349.7M, and assets of $301.6M (revenue -6.8% year-over-year).
- 2016: Revenue of $338.6M, expenses of $335.6M, and assets of $288.0M (revenue +2.2% year-over-year).
- 2015: Revenue of $331.4M, expenses of $332.1M, and assets of $272.5M (revenue +6.6% year-over-year).
- 2014: Revenue of $310.9M, expenses of $304.9M, and assets of $261.0M (revenue +0.9% year-over-year).
- 2013: Revenue of $308.0M, expenses of $306.6M, and assets of $251.0M (revenue -0.6% year-over-year).
- 2012: Revenue of $309.9M, expenses of $306.6M, and assets of $232.2M (revenue +3.1% year-over-year).
- 2011: Revenue of $300.5M, expenses of $293.2M, and assets of $230.7M.
Data Sources and Methodology
This transparency report for Albany Med Health System is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.