Montefiore Medical Center
Montefiore Medical Center consistently operates near break-even with growing assets and liabilities.
EIN: 131740114 · Bronx, NY · NTEE: E220 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.9B |
| Total Expenses | $5.0B |
| Program Spending | 90% |
| Net Assets | $-168,656,807 |
| Transparency Score | 75/100 |
Is Montefiore Medical Center Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Montefiore Medical Center directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Montefiore Medical Center
Montefiore Medical Center (EIN: 131740114) is a nonprofit organization based in Bronx, NY, classified under NTEE code E220. The organization reported total revenue of $5.9B and total assets of $5.0B according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Montefiore Medical Center's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Montefiore Medical Center is a major nonprofit that has been operating for 88 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.1B |
| Total Expenses | $5.0B |
| Surplus / Deficit | +$54.2M |
| Total Assets | $4.6B |
| Total Liabilities | $4.8B |
| Net Assets | $-168,656,807 |
| Operating Margin | 1.1% |
| Debt-to-Asset Ratio | 103.7% |
| Months of Reserves | 11.0 months |
Financial Health Grade: A
In 2023, Montefiore Medical Center reported a surplus of $54.2M with revenue exceeding expenses, holds 11.0 months of operating reserves (strong position), has a debt-to-asset ratio of 103.7% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Montefiore Medical Center's revenue has grown at a compound annual growth rate (CAGR) of 5.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +10.2% | +7.5% | +0.5% |
| 2022 | +8.1% | +1.1% | -8.0% |
| 2021 | -2.2% | +3.7% | -8.7% |
| 2020 | +3.5% | +6.7% | +20.1% |
| 2019 | +6.9% | +7.1% | +16.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1938 |
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 Montefiore Medical Center 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: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Montefiore Medical Center allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. With 90% 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 $54.2M, with revenue exceeding expenses.
- Debt-to-asset ratio: 103.7%.
Executive Compensation Analysis
The reported 0% officer compensation across all filings is highly unusual for an organization of Montefiore Medical Center's scale and revenue, suggesting executive compensation may be reported through a related entity or categorized differently, which impacts 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 Montefiore Medical Center's IRS 990 filings:
- Consistent negative net assets in recent years (e.g., -$168.6M in 2023)
- Unusual 0% officer compensation reported across all filings, potentially obscuring executive pay
- Liabilities consistently exceeding assets in recent periods (e.g., 2023, 2022, 2021)
Strengths
The following positive indicators were identified for Montefiore Medical Center:
- Consistent high revenue generation, exceeding $5 billion in 2023
- Large asset base, reaching nearly $5 billion in 2020
- Operations consistently near break-even, indicating reinvestment into mission
Frequently Asked Questions about Montefiore Medical Center
Is Montefiore Medical Center a legitimate charity?
Based on AI analysis of IRS 990 filings, Montefiore Medical Center (EIN: 131740114) some concerns. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
How does Montefiore Medical Center spend its money?
Montefiore Medical Center directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Montefiore Medical Center tax-deductible?
Montefiore Medical Center is registered as a tax-exempt nonprofit (EIN: 131740114). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Montefiore Medical Center's spending goes to programs?
Montefiore Medical Center directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Montefiore Medical Center compare to similar nonprofits?
With a transparency score of 75/100 (Good), Montefiore Medical Center is above average for NTEE category E220 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Montefiore Medical Center located?
Montefiore Medical Center is headquartered in Bronx, New York and files with the IRS under EIN 131740114. It is classified under NTEE code E220.
How many years of IRS 990 filings does Montefiore Medical Center have?
Montefiore Medical Center has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $5.9B in total revenue.
Is Montefiore Medical Center financially stable given its high liabilities?
While Montefiore Medical Center has substantial liabilities, often exceeding assets in recent years (e.g., $4.76B liabilities vs. $4.59B assets in 2023), its consistent revenue generation and operational scale suggest ongoing financial viability, typical for large healthcare systems that often carry significant debt for infrastructure and operations.
How does Montefiore Medical Center manage to report 0% officer compensation?
The consistent reporting of 0% officer compensation is highly atypical for an organization of this size. It's possible that executive compensation is paid by a related entity, or categorized under different expense lines not explicitly labeled as 'officer compensation' on the 990, which could obscure the true compensation structure.
What is the trend in Montefiore Medical Center's net assets?
Montefiore Medical Center's net assets (assets minus liabilities) have fluctuated, showing negative net assets in recent years (e.g., -$168.6M in 2023, -$133.8M in 2022). This trend indicates that liabilities have outpaced asset growth, which could be a concern for long-term financial health if not managed effectively.
Filing History
IRS 990 filing history for Montefiore Medical Center showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Montefiore Medical Center's revenue has grown by 88.6%, moving from $2.7B to $5.1B. Total assets increased by 82.9% over the same period, from $2.5B to $4.6B. Total functional expenses rose by 89.7%, from $2.6B to $5.0B. In its most recent filing year (2023), Montefiore Medical Center reported a surplus of $54.2M, with revenue exceeding expenses. The organization holds $4.8B in liabilities against $4.6B in assets (debt-to-asset ratio: 103.7%), resulting in net assets of $-168,656,807.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5.1B | $5.0B | $4.6B | $4.8B | — | View 990 |
| 2022 | $4.6B | $4.7B | $4.6B | $4.7B | — | View 990 |
| 2021 | $4.2B | $4.6B | $5.0B | $4.9B | — | View 990 |
| 2020 | $4.3B | $4.4B | $5.4B | $4.9B | — | View 990 |
| 2019 | $4.2B | $4.2B | $4.5B | $3.8B | — | View 990 |
| 2018 | $3.9B | $3.9B | $3.9B | $3.2B | — | View 990 |
| 2017 | $3.7B | $3.7B | $3.4B | $2.6B | — | View 990 |
| 2016 | $3.6B | $3.6B | $3.2B | $2.4B | — | View 990 |
| 2015 | $3.4B | $3.4B | $3.3B | $2.4B | — | View 990 |
| 2014 | $3.2B | $3.2B | $3.2B | $2.3B | — | View 990 |
| 2013 | $3.1B | $2.9B | $3.0B | $2.1B | — | View 990 |
| 2012 | $2.8B | $2.7B | $2.7B | $2.0B | — | View 990 |
| 2011 | $2.7B | $2.6B | $2.5B | $1.9B | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.1B, expenses of $5.0B, and assets of $4.6B (revenue +10.2% year-over-year).
- 2022: Revenue of $4.6B, expenses of $4.7B, and assets of $4.6B (revenue +8.1% year-over-year).
- 2021: Revenue of $4.2B, expenses of $4.6B, and assets of $5.0B (revenue -2.2% year-over-year).
- 2020: Revenue of $4.3B, expenses of $4.4B, and assets of $5.4B (revenue +3.5% year-over-year).
- 2019: Revenue of $4.2B, expenses of $4.2B, and assets of $4.5B (revenue +6.9% year-over-year).
- 2018: Revenue of $3.9B, expenses of $3.9B, and assets of $3.9B (revenue +5.3% year-over-year).
- 2017: Revenue of $3.7B, expenses of $3.7B, and assets of $3.4B (revenue +4.0% year-over-year).
- 2016: Revenue of $3.6B, expenses of $3.6B, and assets of $3.2B (revenue +4.5% year-over-year).
- 2015: Revenue of $3.4B, expenses of $3.4B, and assets of $3.3B (revenue +7.0% year-over-year).
- 2014: Revenue of $3.2B, expenses of $3.2B, and assets of $3.2B (revenue +4.5% year-over-year).
- 2013: Revenue of $3.1B, expenses of $2.9B, and assets of $3.0B (revenue +8.2% year-over-year).
- 2012: Revenue of $2.8B, expenses of $2.7B, and assets of $2.7B (revenue +5.7% year-over-year).
- 2011: Revenue of $2.7B, expenses of $2.6B, and assets of $2.5B.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Montefiore Medical Center:
Data Sources and Methodology
This transparency report for Montefiore Medical Center 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.