Albany Med Health System
Albany Med Health System shows revenue growth but faced an operating deficit in 2013.
EIN: 146023119 · Albany, NY · NTEE: E21 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $16.4M |
| Program Spending | 80% |
| Net Assets | $17.1M |
| Transparency Score | 70/100 |
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: 146023119) is a nonprofit organization based in Albany, 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 large nonprofit that has been operating for 12 years, with 3 years of IRS 990 filings on record (2011–2013). Revenue has grown at a compound annual rate of 23.2%.
Key Financial Metrics (2013)
From the most recent IRS 990 filing on record:
| Total Revenue | $16.0M |
| Total Expenses | $16.4M |
| Surplus / Deficit | $-413,915 |
| Total Assets | $26.4M |
| Total Liabilities | $9.2M |
| Net Assets | $17.1M |
| Operating Margin | -2.6% |
| Debt-to-Asset Ratio | 35.0% |
| Months of Reserves | 19.3 months |
Financial Health Grade: B
In 2013, Albany Med Health System reported a deficit of $414K with expenses exceeding revenue, holds 19.3 months of operating reserves (strong position), has a debt-to-asset ratio of 35.0% (moderate leverage).
Financial Trends
Over 3 years of filings (2011–2013), Albany Med Health System's revenue has grown at a compound annual growth rate (CAGR) of 23.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2013 | +22.7% | +40.0% | +6.9% |
| 2012 | +23.7% | +17.0% | +30.9% |
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 70 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Albany Med Health System allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2013)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $414K, with expenses exceeding revenue.
- Debt-to-asset ratio: 35.0%.
Executive Compensation Analysis
The reported 0% officer compensation across all three years suggests either a fully volunteer executive leadership or that executive compensation is categorized differently within the filings, which enhances transparency regarding direct officer pay but requires further investigation for a complete picture.
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:
- Operating deficit in 2013 ($413,915)
- Significant fluctuation in liabilities over the three-year period
Strengths
The following positive indicators were identified for Albany Med Health System:
- Consistent revenue growth from $10.5M to $16M over three years
- Steady growth in assets from $18.8M to $26.3M
- Reported 0% officer compensation, indicating potential for low overhead in leadership
Frequently Asked Questions about Albany Med Health System
Is Albany Med Health System a legitimate charity?
Albany Med Health System (EIN: 146023119) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 70/100. It has 3 years of IRS 990 filings on record. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Albany Med Health System spend its money?
Albany Med Health System directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Albany Med Health System tax-deductible?
Albany Med Health System is registered as a tax-exempt nonprofit (EIN: 146023119). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Albany Med Health System's spending goes to programs?
Albany Med Health System directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Albany Med Health System compare to similar nonprofits?
With a transparency score of 70/100 (Good), Albany Med Health System is above average for NTEE category E21 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Albany Med Health System located?
Albany Med Health System is headquartered in Albany, New York and files with the IRS under EIN 146023119. It is classified under NTEE code E21.
How many years of IRS 990 filings does Albany Med Health System have?
Albany Med Health System has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data.
What caused the significant increase in liabilities from $7.5 million in 2012 to $9.2 million in 2013?
The provided data does not specify the reasons for the increase in liabilities; further examination of the full 990 forms would be necessary to understand the nature of these obligations.
How does Albany Med Health System cover its operating deficits, such as the $413,915 deficit in 2013?
Operating deficits are typically covered by drawing from reserves, investment income, or other non-operating revenues. The specific method used by Albany Med Health System would require a deeper dive into their financial statements.
What is the actual executive compensation if 'Officer Comp' is reported as 0%?
If 'Officer Comp' is consistently 0%, it suggests either a volunteer board/executive team or that compensation for key employees is reported under different categories, such as 'Salaries and wages' for non-officer key employees, which would need to be verified in the full 990.
Filing History
IRS 990 filing history for Albany Med Health System showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2011–2013), Albany Med Health System's revenue has grown by 51.8%, moving from $10.6M to $16.0M. Total assets increased by 40% over the same period, from $18.8M to $26.4M. Total functional expenses rose by 63.7%, from $10.0M to $16.4M. In its most recent filing year (2013), Albany Med Health System reported a deficit of $414K, with expenses exceeding revenue. The organization holds $9.2M in liabilities against $26.4M in assets (debt-to-asset ratio: 35.0%), resulting in net assets of $17.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2013 | $16.0M | $16.4M | $26.4M | $9.2M | — | View 990 |
| 2012 | $13.0M | $11.7M | $24.7M | $7.6M | — | View 990 |
| 2011 | $10.6M | $10.0M | $18.8M | $21.9M | — | View 990 |
Year-by-Year Financial Summary
- 2013: Revenue of $16.0M, expenses of $16.4M, and assets of $26.4M (revenue +22.7% year-over-year).
- 2012: Revenue of $13.0M, expenses of $11.7M, and assets of $24.7M (revenue +23.7% year-over-year).
- 2011: Revenue of $10.6M, expenses of $10.0M, and assets of $18.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Albany Med Health System:
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.