Albany Med Health System
Albany Med Health System shows strong revenue growth and zero reported liabilities, with unclarified executive compensation.
EIN: 141790805 · 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 80% 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: 141790805) is a nonprofit organization based in Glens Falls, NY, classified under NTEE code E21. The organization reported total revenue of $11.7M and total assets of $15.7M 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 large nonprofit that has been operating for 12 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 9.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.2M |
| Total Expenses | $2.2M |
| Surplus / Deficit | +$3.9M |
| Total Assets | $13.1M |
| Net Assets | $13.1M |
| Operating Margin | 63.7% |
| Months of Reserves | 70.1 months |
Financial Health Grade: A
In 2023, Albany Med Health System reported a surplus of $3.9M with revenue exceeding expenses, holds 70.1 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Albany Med Health System's revenue has grown at a compound annual growth rate (CAGR) of 9.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +22.8% | -40.0% | +59.9% |
| 2022 | +46.1% | +24.8% | -2.3% |
| 2021 | +0.7% | +78.1% | +12.3% |
| 2020 | +10.7% | -32.9% | +46.3% |
| 2019 | +27.2% | +0.2% | +22.5% |
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 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Albany Med Health System allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $3.9M, with revenue exceeding expenses.
Executive Compensation Analysis
All available IRS 990 filings for Albany Med Health System report 0% officer compensation, which is highly unusual for an organization with revenues exceeding $11 million and suggests either a fully volunteer executive team or that compensation is categorized differently and not explicitly disclosed as 'Officer Comp' in the provided data.
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:
- Lack of detailed functional expense breakdown (program, admin, fundraising) in provided data
- Consistent 0% officer compensation reported across all filings, which is unusual for an organization of this size and revenue, potentially indicating a lack of transparency in compensation reporting.
Strengths
The following positive indicators were identified for Albany Med Health System:
- Strong and consistent revenue growth, with latest revenue at $11,660,671.
- Healthy balance sheet with zero reported liabilities across all 13 filings.
- Significant asset growth, from $3,105,889 in 2014 to $15,664,494 currently.
- Consistent financial surpluses, with revenues often significantly exceeding expenses (e.g., 2023 revenue $6,161,790 vs. expenses $2,236,519).
- Long history of IRS 990 filings (13 filings), indicating 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: 141790805) some concerns. Mission Score: 85/100. 2 red flags identified, 5 strengths noted.
How does Albany Med Health System spend its money?
Albany Med Health System directs 80% 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: 141790805). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Albany Med Health System manage to report 0% officer compensation across all filings, given its size and revenue?
The consistent reporting of 0% officer compensation is highly unusual for an organization of this scale. It suggests either a fully volunteer executive leadership, or that executive compensation is reported under different expense categories not explicitly labeled as 'Officer Comp' in the provided summary data. Further investigation into the full 990 forms would be needed to clarify this.
What is the breakdown of program, administrative, and fundraising expenses?
The provided data does not offer a detailed functional expense breakdown. While overall expenses are reported, the specific allocation to programs, administration, and fundraising is not available, making it difficult to precisely assess spending efficiency in these areas.
What is the primary driver behind the significant revenue growth observed in recent years?
Albany Med Health System has shown substantial revenue growth, particularly from $3,082,849 in 2019 to $6,161,790 in 2023. The specific drivers are not detailed in the provided data but could include increased donations, expanded service offerings, successful grant acquisition, or growth in patient services given its NTEE code (E21 - General Hospitals).
Filing History
IRS 990 filing history for Albany Med Health System showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Albany Med Health System's revenue has grown by 193%, moving from $2.1M to $6.2M. Total assets increased by 382.1% over the same period, from $2.7M to $13.1M. Total functional expenses rose by 2.7%, from $2.2M to $2.2M. In its most recent filing year (2023), Albany Med Health System reported a surplus of $3.9M, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.2M | $2.2M | $13.1M | $0 | — | — |
| 2022 | $5.0M | $3.7M | $8.2M | $0 | — | View 990 |
| 2021 | $3.4M | $3.0M | $8.4M | $0 | — | View 990 |
| 2020 | $3.4M | $1.7M | $7.5M | $0 | — | View 990 |
| 2019 | $3.1M | $2.5M | $5.1M | $0 | — | View 990 |
| 2018 | $2.4M | $2.5M | $4.2M | $0 | — | — |
| 2017 | $3.7M | $4.4M | $4.7M | $0 | — | View 990 |
| 2016 | $2.9M | $2.4M | $5.1M | $0 | — | View 990 |
| 2015 | $3.1M | $1.5M | $4.4M | $0 | — | View 990 |
| 2014 | $2.2M | $2.6M | $3.1M | $0 | — | View 990 |
| 2013 | $2.3M | $2.6M | $3.7M | $0 | — | View 990 |
| 2012 | $2.7M | $1.6M | $3.9M | $0 | — | View 990 |
| 2011 | $2.1M | $2.2M | $2.7M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.2M, expenses of $2.2M, and assets of $13.1M (revenue +22.8% year-over-year).
- 2022: Revenue of $5.0M, expenses of $3.7M, and assets of $8.2M (revenue +46.1% year-over-year).
- 2021: Revenue of $3.4M, expenses of $3.0M, and assets of $8.4M (revenue +0.7% year-over-year).
- 2020: Revenue of $3.4M, expenses of $1.7M, and assets of $7.5M (revenue +10.7% year-over-year).
- 2019: Revenue of $3.1M, expenses of $2.5M, and assets of $5.1M (revenue +27.2% year-over-year).
- 2018: Revenue of $2.4M, expenses of $2.5M, and assets of $4.2M (revenue -34.9% year-over-year).
- 2017: Revenue of $3.7M, expenses of $4.4M, and assets of $4.7M (revenue +28.4% year-over-year).
- 2016: Revenue of $2.9M, expenses of $2.4M, and assets of $5.1M (revenue -6.4% year-over-year).
- 2015: Revenue of $3.1M, expenses of $1.5M, and assets of $4.4M (revenue +44.0% year-over-year).
- 2014: Revenue of $2.2M, expenses of $2.6M, and assets of $3.1M (revenue -6.9% year-over-year).
- 2013: Revenue of $2.3M, expenses of $2.6M, and assets of $3.7M (revenue -13.5% year-over-year).
- 2012: Revenue of $2.7M, expenses of $1.6M, and assets of $3.9M (revenue +26.9% year-over-year).
- 2011: Revenue of $2.1M, expenses of $2.2M, and assets of $2.7M.
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.