Albany Med Health System

Albany Med Health System shows fluctuating revenues and recurring deficits over the past decade, with assets declining from peak levels.

EIN: 141775218 · Saratoga Spgs, NY · NTEE: E21 · Updated: 2026-03-28

$3.9MRevenue

$5.3MAssets

60/100Mission Score (Good)

E21

About Albany Med Health System

Albany Med Health System (EIN: 141775218) is a nonprofit organization based in Saratoga Spgs, NY, classified under NTEE code E21. The organization reported total revenue of $3.9M and total assets of $5.3M 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.

AI Transparency Report

Albany Med Health System demonstrates a fluctuating financial performance over the past decade. While the organization reported a latest revenue of $3,925,122 and assets of $5,301,682, its historical filings show periods of significant net losses, such as in 2017 where expenses ($4,381,942) far exceeded revenue ($2,628,179). The organization's assets have also seen a decline from a high of $5,894,576 in 2014 to $5,301,682 currently, indicating potential challenges in asset growth or management. The consistent reporting of 0% officer compensation across all available filings suggests either a highly volunteer-driven leadership or that executive compensation is not reported in this specific field, which could impact transparency regarding leadership costs.

Spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which are not provided in the summary data. However, the recurring instances where expenses outpace revenue raise questions about operational efficiency and sustainability. For example, in 2019, expenses were $2,325,068 against revenues of $1,760,916, resulting in a deficit. This pattern of spending more than it earns in several years could lead to reliance on reserves or external funding to cover operational gaps.

Transparency regarding executive compensation is a notable area for improvement, as the 0% reported officer compensation across all filings is unusual for an organization of this size and asset base. While this could indicate a specific reporting method, it limits the ability to evaluate how leadership is compensated relative to the organization's financial capacity. The lack of detailed expense categories also hinders a comprehensive understanding of where funds are allocated, making it challenging for stakeholders to fully assess the organization's financial health and program impact.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Albany Med Health System with a Mission Score of 60 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: 20%
programs: 70%
fundraising: 10%

According to IRS 990 filings, Albany Med Health System allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.

Executive Compensation Analysis

The reported 0% officer compensation across all available filings is highly unusual for an organization with millions in revenue and assets, suggesting that executive compensation may be reported under other expense categories or that the organization relies heavily on unpaid leadership, which warrants further investigation for complete transparency.

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:

Recurring operational deficits (e.g., 2019: $1.76M revenue vs $2.32M expenses; 2017: $2.62M revenue vs $4.38M expenses).
Declining asset base from a peak of $5.89M in 2014 to $5.30M currently.
Unusually reported 0% officer compensation across all filings, impacting transparency.
Significant year-over-year revenue and expense volatility, making financial planning and stability uncertain.

Strengths

The following positive indicators were identified for Albany Med Health System:

Maintains a substantial asset base of over $5 million, providing some financial cushion.
Has a long filing history (9 filings), indicating consistent reporting to the IRS.

Frequently Asked Questions about Albany Med Health System

Is Albany Med Health System financially stable?

The organization has experienced significant fluctuations in revenue and recurring deficits in several years (e.g., 2019, 2017, 2016), indicating potential financial instability. While it has substantial assets, consistent operational losses raise concerns about long-term sustainability.

How does Albany Med Health System utilize its assets?

The organization's assets have decreased from a high of $5,894,576 in 2014 to $5,301,682 currently. Without a detailed balance sheet, it's difficult to ascertain the specific utilization of these assets, but the decline suggests either asset depreciation, divestment, or use to cover operational deficits.

What is the reason for 0% officer compensation reported?

The consistent reporting of 0% officer compensation across all filings is atypical. This could mean that compensation is reported differently, that leadership is entirely volunteer-based, or that the data provided is incomplete regarding executive pay. Further clarification from the organization would be needed.

Filing History

IRS 990 filing history for Albany Med Health System showing financial trends over 9 years of public records:

Over 9 years of IRS 990 filings (2011–2019), Albany Med Health System's revenue has declined by 17.5%, moving from $2.1M to $1.8M. Total assets decreased by 46.6% over the same period, from $5.1M to $2.7M. Total functional expenses rose by 4.2%, from $2.2M to $2.3M. In its most recent filing year (2019), Albany Med Health System reported a deficit of $564K, with expenses exceeding revenue. The organization holds $257K in liabilities against $2.7M in assets (debt-to-asset ratio: 9.5%), resulting in net assets of $2.4M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2019	$1.8M	$2.3M	$2.7M	$257K	—	View 990
2018	$2.6M	$2.6M	$3.3M	$340K	—	View 990
2017	$2.6M	$4.4M	$3.5M	$540K	—	View 990
2016	$3.6M	$3.7M	$5.3M	$628K	—	View 990
2015	$3.0M	$3.3M	$5.8M	$957K	—	View 990
2014	$4.9M	$3.3M	$5.9M	$757K	—	View 990
2013	$1.7M	$2.2M	$4.3M	$715K	—	View 990
2012	$2.8M	$3.1M	$4.7M	$807K	—	View 990
2011	$2.1M	$2.2M	$5.1M	$888K	—	View 990

Year-by-Year Financial Summary

2019: Revenue of $1.8M, expenses of $2.3M, and assets of $2.7M (revenue -33.3% year-over-year).
2018: Revenue of $2.6M, expenses of $2.6M, and assets of $3.3M (revenue +0.5% year-over-year).
2017: Revenue of $2.6M, expenses of $4.4M, and assets of $3.5M (revenue -26.3% year-over-year).
2016: Revenue of $3.6M, expenses of $3.7M, and assets of $5.3M (revenue +18.1% year-over-year).
2015: Revenue of $3.0M, expenses of $3.3M, and assets of $5.8M (revenue -38.7% year-over-year).
2014: Revenue of $4.9M, expenses of $3.3M, and assets of $5.9M (revenue +193.7% year-over-year).
2013: Revenue of $1.7M, expenses of $2.2M, and assets of $4.3M (revenue -40.4% year-over-year).
2012: Revenue of $2.8M, expenses of $3.1M, and assets of $4.7M (revenue +31.8% year-over-year).
2011: Revenue of $2.1M, expenses of $2.2M, and assets of $5.1M.

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.