Montefiore Health System Inc
Montefiore Health System Inc. consistently reports operational deficits despite growing assets.
EIN: 201615393 · Bronx, NY · NTEE: E19 · Updated: 2026-03-28
Is Montefiore Health System Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Montefiore Health System Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Montefiore Health System Inc
Montefiore Health System Inc (EIN: 201615393) is a nonprofit organization based in Bronx, NY, classified under NTEE code E19. The organization reported total revenue of $383.1M and total assets of $1.1B according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Montefiore Health System Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Montefiore Health System Inc with a Mission Score of 65 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Montefiore Health System Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
The reported 0% officer compensation across all available filings is highly unusual for an organization of this size and revenue, suggesting that executive compensation may be reported under a different category or through a related entity, which reduces transparency regarding leadership costs.
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 Montefiore Health System Inc's IRS 990 filings:
- Consistent operational deficits (e.g., $51,117,855 in 2023, $29,103,258 in 2022)
- Unusual 0% officer compensation reported across all filings, impacting transparency of leadership costs
- Liabilities have increased significantly in some periods (e.g., from $149,298,609 in 2019 to $367,181,666 in 2022)
Strengths
The following positive indicators were identified for Montefiore Health System Inc:
- Consistent and substantial growth in total assets over the decade (from $220M in 2014 to $886M in 2023)
- Significant revenue generation, consistently in the hundreds of millions annually
- Part of a large health system (implied by NTEE and name), suggesting broader financial backing and stability
Frequently Asked Questions about Montefiore Health System Inc
Is Montefiore Health System Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Montefiore Health System Inc (EIN: 201615393) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Montefiore Health System Inc spend its money?
Montefiore Health System Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Montefiore Health System Inc tax-deductible?
Montefiore Health System Inc is registered as a tax-exempt nonprofit (EIN: 201615393). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Why does Montefiore Health System Inc. consistently report 0% officer compensation?
The consistent reporting of 0% officer compensation across all available filings is highly unusual for an organization with annual revenues exceeding $300 million. This suggests that executive compensation may be reported under a different category, through a related entity, or that the individuals serving as officers are compensated by a parent or affiliated organization, which impacts the transparency of leadership costs within this specific filing.
What is the cause of the recurring operational deficits, such as the $51,117,855 deficit in 2023?
Montefiore Health System Inc. has frequently reported expenses exceeding revenue, leading to operational deficits. For example, in 2023, expenses were $444,563,348 against revenue of $393,445,493. This trend suggests that the organization's operational costs are consistently higher than its income, which could be due to factors like increasing healthcare service costs, lower reimbursement rates, or strategic investments that are not immediately revenue-generating. A deeper dive into the expense categories would be needed to pinpoint the exact causes.
How does Montefiore Health System Inc. cover its operational deficits?
Despite recurring operational deficits, Montefiore Health System Inc. has shown consistent growth in its assets, from $220,625,502 in 2014 to $886,300,716 in 2023. This suggests that deficits may be covered by drawing from reserves, investment income, or through financial support from a larger health system or affiliated entities. The organization's ability to maintain and grow assets while incurring deficits indicates a complex financial structure, likely part of a larger system.
Filing History
IRS 990 filing history for Montefiore Health System Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Montefiore Health System Inc's revenue has grown by 216316.7%, moving from $182K to $393.4M. Total assets increased by 593402.3% over the same period, from $149K to $886.3M. Total functional expenses rose by 245162.8%, from $181K to $444.6M. In its most recent filing year (2023), Montefiore Health System Inc reported a deficit of $51.1M, with expenses exceeding revenue. The organization holds $250.4M in liabilities against $886.3M in assets (debt-to-asset ratio: 28.2%), resulting in net assets of $635.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $393.4M | $444.6M | $886.3M | $250.4M | — | View 990 |
| 2022 | $381.9M | $411.0M | $840.2M | $367.2M | — | View 990 |
| 2021 | $277.7M | $337.2M | $787.6M | $320.6M | — | View 990 |
| 2020 | $269.5M | $303.0M | $777.7M | $255.4M | — | View 990 |
| 2019 | $308.6M | $313.0M | $705.1M | $149.3M | — | View 990 |
| 2018 | $323.8M | $243.8M | $747.6M | $172.0M | — | View 990 |
| 2017 | $260.2M | $203.4M | $664.6M | $171.4M | — | View 990 |
| 2016 | $212.3M | $186.8M | $576.6M | $157.6M | — | View 990 |
| 2015 | $201.2M | $185.0M | $464.2M | $152.0M | — | View 990 |
| 2014 | $159.8M | $156.6M | $220.6M | $161.8M | — | View 990 |
| 2013 | $4.1M | $5.2M | $112.8M | $103.2M | — | View 990 |
| 2012 | $167K | $167K | $149K | $8K | — | View 990 |
| 2011 | $176K | $176K | $149K | $9K | — | View 990 |
| 2010 | $182K | $181K | $149K | $8K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $393.4M, expenses of $444.6M, and assets of $886.3M (revenue +3.0% year-over-year).
- 2022: Revenue of $381.9M, expenses of $411.0M, and assets of $840.2M (revenue +37.6% year-over-year).
- 2021: Revenue of $277.7M, expenses of $337.2M, and assets of $787.6M (revenue +3.0% year-over-year).
- 2020: Revenue of $269.5M, expenses of $303.0M, and assets of $777.7M (revenue -12.7% year-over-year).
- 2019: Revenue of $308.6M, expenses of $313.0M, and assets of $705.1M (revenue -4.7% year-over-year).
- 2018: Revenue of $323.8M, expenses of $243.8M, and assets of $747.6M (revenue +24.5% year-over-year).
- 2017: Revenue of $260.2M, expenses of $203.4M, and assets of $664.6M (revenue +22.6% year-over-year).
- 2016: Revenue of $212.3M, expenses of $186.8M, and assets of $576.6M (revenue +5.5% year-over-year).
- 2015: Revenue of $201.2M, expenses of $185.0M, and assets of $464.2M (revenue +25.9% year-over-year).
- 2014: Revenue of $159.8M, expenses of $156.6M, and assets of $220.6M (revenue +3774.4% year-over-year).
- 2013: Revenue of $4.1M, expenses of $5.2M, and assets of $112.8M (revenue +2365.8% year-over-year).
- 2012: Revenue of $167K, expenses of $167K, and assets of $149K (revenue -4.9% year-over-year).
- 2011: Revenue of $176K, expenses of $176K, and assets of $149K (revenue -3.3% year-over-year).
- 2010: Revenue of $182K, expenses of $181K, and assets of $149K.
Data Sources and Methodology
This transparency report for Montefiore Health System Inc 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.