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Nonprofit · EIN 14-1641730

ALBANY MED HEALTH SYSTEM

Tax-exempt · ALBANY, NY 12208

Financials

$292.6M$288.6M2023$316M$312.5M2024
Revenue Expenses · by fiscal year end
Financials of ALBANY MED HEALTH SYSTEM by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$316,046,827$312,456,150$3,590,677$513,823,090$472,926,481$40,896,609
December 31, 2023990$292,550,462$288,618,555$3,931,907$444,898,708$408,176,363$36,722,345
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$101,100
Program service revenue
$312,326,728
Investment income
$2,422,922
Net rental income
$376,107
Net gain from sales of assets
$403,632
Tax-exempt bond proceeds
$133,537
Other revenue
$1,196,077

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$4,867,407
Other salaries and wages
$113,372,441
Salaries, compensation and benefits (total)
$139,821,771
Professional fundraising fees
$0
Legal fees
$738,510
Accounting fees
$91,496
Occupancy
$3,935,717
Travel
$157,565
Depreciation
$27,578,713
Program services (functional)
$312,456,150

Balance sheet and other

Total assets, start of year
$444,898,708
Total assets, end of year
$513,823,090
Total liabilities, end of year
$472,926,481
Net assets, end of year
$40,896,609
Land, buildings and equipment
$212,248,544
Net assets without donor restrictions
$38,874,171
Net assets with donor restrictions
$2,022,438
Gross receipts
$316,964,393
Employees
1,871
Volunteers
36
Year formed
1982
State of legal domicile
NY

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
DENNIS P MCKENNA MDPRESIDENT & CEO
Trustee or director, Officer
8$2,094,344$0$401,609
ALAN S BOULOS MDEVP & DEAN ALB MED COL
Key employee
1$0$1,384,383$151,856
FRANCES S ALBERTSR.EVP, COO & CFO
Officer
6$1,306,913$0$119,083
MATTHEW C JONESEVP & GENERAL COUNSEL
Key employee
26$843,013$0$102,445
JASON MOUZAKES MDEVP HOSP GEN DIRECTOR
Key employee
1$0$748,539$45,944
KRISTOPHER P KUSCHESVP & CIO
Highest-paid employee
40$677,491$0$100,029
VICTOR BECKERSVP & CHIO
Highest-paid employee
40$605,363$0$87,784
SANDRA J CASTILLAVP HUMAN RESOURCES
Highest-paid employee
40$458,855$0$57,669
SHELLY A BRETONVP REVENUE CYCLE SERVICES
Highest-paid employee
40$400,076$0$37,733
MICHELE SKUMURSKISVP FINANCE
Highest-paid employee
40$400,324$0$27,598
STEVEN M PARNES MDBOARD MEMBER
Trustee or director
2$0$342,825$31,385
PETER PAIGE MDFMR EVP AMHS & HOSP. GEN. DIR.
Former
1$0$95,206$0
RAIMUNDO C ARCHIBOLD JRBOARD MEMBER
Trustee or director
2$0$0$0
DOUGLAS M HAMLINBOARD MEMBER
Trustee or director
2$0$0$0
JEFFREY STONEBOARD MEMBER
Trustee or director
2$0$0$0
27 more people on this return
NameTitleHours / weekCompensation
MARY GAIL BIEBELBOARD MEMBER
Trustee or director
2$0
ROBERT T CUSHINGBOARD MEMBER
Trustee or director
2$0
SHARON DUKERBOARD MEMBER
Trustee or director
2$0
ANTHONY DURANTEBOARD MEMBER
Trustee or director
2$0
MARGARET GILLISBOARD MEMBER
Trustee or director
2$0
RUTH MAHONEYBOARD MEMBER
Trustee or director
2$0
THERESA SKAINEBOARD MEMBER
Trustee or director
2$0
SUJATA CHAUDHRYBOARD MEMBER
Trustee or director
2$0
JAMES CULLUMBOARD MEMBER
Trustee or director
2$0
DAVID GOLUBBOARD MEMBER (UNTIL 3/6/2024)
Trustee or director
2$0
JAMES O JACKSON PHDBOARD MEMBER (UNTIL 6/25/2024)
Trustee or director
2$0
GLENDA KELMANBOARD MEMBER
Trustee or director
2$0
CAROL KIM PHDBOARD MEMBER
Trustee or director
2$0
KIRK KNELLERBOARD MEMBER
Trustee or director
2$0
MORRIS MASSRYBOARD MEMBER
Trustee or director
2$0
LISA MOSERBOARD MEMBER
Trustee or director
2$0
LILLIAN MOY ESQBOARD MEMBER
Trustee or director
2$0
MARIANNE MUSTAFA MDBOARD MEMBER
Trustee or director
2$0
JOHN J NIGROBOARD MEMBER
Trustee or director
2$0
JOHN B O'CONNORBOARD MEMBER
Trustee or director
2$0
DANIEL T PICKETT IIIBOARD MEMBER
Trustee or director
2$0
CAROLYN STEFANCO PHDBOARD MEMBER
Trustee or director
2$0
TODD M TIDGEWELLBOARD MEMBER
Trustee or director
2$0
HEATHER WARDBOARD MEMBER
Trustee or director
2$0
CANDACE KING WEIRBOARD MEMBER
Trustee or director
2$0
JANICE WHITE EDDBOARD MEMBER
Trustee or director
2$0
ELIZABETH WOODBOARD MEMBER
Trustee or director
2$0
990 for the year ended December 31, 2023: 47 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
DENNIS P MCKENNA MDPRESIDENT & CEO
Trustee or director, Officer
8$1,617,528$0$364,919
ALAN S BOULOS MDEVP & DEAN ALB MED COL
Key employee
1$0$1,197,996$146,090
FRANCES S ALBERTSR.EVP, COO & CFO
Officer
6$1,013,532$0$109,052
MATTHEW C JONESEVP & GENERAL COUNSEL
Key employee
26$727,869$0$94,117
PETER PAIGE MDEVP HOSP GEN DIRECTOR
Key employee
1$0$760,560$32,396
JASON MOUZAKES MDEVP HOSP GEN DIRECTOR
Key employee
1$0$758,898$32,395
STEVEN M PARNES MDBOARD MEMBER
Trustee or director
2$0$750,046$34,891
KRISTOPHER P KUSCHESVP & CIO
Highest-paid employee
40$540,681$0$76,479
VICTOR BECKERSVP & CHIO
Highest-paid employee
40$508,631$0$58,616
SANDRA J CASTILLAVP HUMAN RESOURCES
Highest-paid employee
40$386,945$0$35,067
SHELLY A BRETONVP REVENUE CYCLE SERVICES
Highest-paid employee
40$377,313$0$24,185
NOEL C HOGANSVP CORP COMPLIANCE
Highest-paid employee
40$327,261$0$48,780
VINCENT P VERDILE MDDEAN EMERITUS
Former
8$0$146,898$953
JAMES J BARBABOARD MEMBER
Trustee or director
42$50,470$0$0
RAIMUNDO C ARCHIBOLD JRBOARD MEMBER
Trustee or director
2$0$0$0
DOUGLAS M HAMLINBOARD MEMBER
Trustee or director
2$0$0$0
JEFFREY STONEBOARD MEMBER
Trustee or director
2$0$0$0
MARY GAIL BIEBELBOARD MEMBER
Trustee or director
2$0$0$0
ROBERT T CUSHINGBOARD MEMBER
Trustee or director
2$0$0$0
SHARON DUKERBOARD MEMBER
Trustee or director
2$0$0$0
ANTHONY DURANTEBOARD MEMBER
Trustee or director
2$0$0$0
MARGARET GILLISBOARD MEMBER
Trustee or director
2$0$0$0
RUTH MAHONEYBOARD MEMBER
Trustee or director
2$0$0$0
THERESA SKAINEBOARD MEMBER
Trustee or director
2$0$0$0
SUJATA CHAUDHRYBOARD MEMBER
Trustee or director
2$0$0$0
JAMES CULLUMBOARD MEMBER
Trustee or director
2$0$0$0
DAVID GOLUBBOARD MEMBER
Trustee or director
2$0$0$0
PETER H HEERWAGENBOARD MEMBER THRU 8/23
Trustee or director
2$0$0$0
JAMES O JACKSON PHDBOARD MEMBER
Trustee or director
2$0$0$0
GLENDA KELMANBOARD MEMBER
Trustee or director
2$0$0$0
CAROL KIM PHDBOARD MEMBER
Trustee or director
2$0$0$0
KIRK KNELLERBOARD MEMBER
Trustee or director
2$0$0$0
MORRIS MASSRYBOARD MEMBER
Trustee or director
2$0$0$0
LISA MOSERBOARD MEMBER
Trustee or director
2$0$0$0
LILLIAN MOY ESQBOARD MEMBER
Trustee or director
2$0$0$0
MARIANNE MUSTAFA MDBOARD MEMBER
Trustee or director
2$0$0$0
JOHN J NIGROBOARD MEMBER
Trustee or director
2$0$0$0
JOHN B O'CONNORBOARD MEMBER
Trustee or director
2$0$0$0
DANIEL T PICKETT IIIBOARD MEMBER
Trustee or director
2$0$0$0
JANICE SMITHBOARD MEMBER THRU 8/23
Trustee or director
2$0$0$0
CAROLYN STEFANCO PHDBOARD MEMBER
Trustee or director
2$0$0$0
TODD M TIDGEWELLBOARD MEMBER
Trustee or director
2$0$0$0
MICHAEL TOOHEYBOARD MEMBER THRU 8/23
Trustee or director
2$0$0$0
HEATHER WARDBOARD MEMBER
Trustee or director
2$0$0$0
CANDACE KING WEIRBOARD MEMBER
Trustee or director
2$0$0$0
JANICE WHITE EDDBOARD MEMBER
Trustee or director
2$0$0$0
ELIZABETH WOODBOARD MEMBER
Trustee or director
2$0$0$0

Address and contacts

Address (IRS master file)
47 NEW SCOTLAND AVE, ALBANY, NY 12208-3412
Principal officer (990 for 2024)
DENNIS P MCKENNA, 47 NEW SCOTLAND AVE MC116, ALBANY, NY 12208
Signed the 990
FRANCES S ALBERT, SR EVP, COO & CFO (AMHS)
Phone
(518) 262-5585
Return prepared by
KPMG LLP

Mission

SEE SCHEDULE O

990 for the year ended December 31, 2024

Program accomplishments

  • INFORMATION SYSTEMS & SERVICES: CENTRALIZED MAINTENANCE AND UPGRADE OF VARIOUS INFORMATION SYSTEMS AND OTHER COMPUTER SUPPORT SUCH AS PERSONAL COMPUTER MAINTENANCE, EDUCATION, ETC. FOR THE ALBANY MED HEALTH SYSTEM.
    Expenses $88,333,555 · revenue $88,333,556
  • OTHER ADMINISTRATIVE SUPPORT SERVICES: THE ALBANY MED HEALTH SYSTEM COORDINATES PLANNING, FINANCIAL, INFORMATION AND POLICY DIRECTION FOR OUR AFFILIATED EXEMPT ORGANIZATIONS.
    Expenses $64,776,623 · revenue $66,278,364
  • PHARMACY SERVICES: THE PHARMACY EARNS REVENUE AND INCURS EXPENSES FOR FILLING SCRIPTS, SPECIALTY, NON-SPECIALTY AND NON-340B ELIGIBLE, PRIMARILY FOR AMC PATIENTS AND EMPLOYEES.
    Expenses $55,358,292 · revenue $55,358,292
  • BUILDING OPERATIONS: COST OF MAINTENANCE AND REPAIRS TO BUILDINGS FOR USE BY ALBANY MED HEALTH SYSTEM.FINANCIAL MANAGEMENT: CENTRALIZED CORPORATE FINANCE RELATED OPERATIONS FOR THE ALBANY MED HEALTH SYSTEM.MATERIALS MANAGEMENT: CENTRALIZED SUPPLY RELATED OPERATIONS FOR THE ALBANY MED HEALTH SYSTEM.
    Expenses $103,987,680 · revenue $102,356,516

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
14-1641730
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Supporting organization, Type II
Donations deductible (Pub 78)
Group exemption; Supporting organization, 50% limit
Exempt since
2014
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Health care (E21)
Group exemption
5980 (18 member organizations)
Assets (IRS master file)
$513,823,090
Income (IRS master file)
$316,964,393

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$316,046,827$312,456,150$513,823,090IRS
990-TDecember 2024–––IRS
990December 2023$292,550,462$288,618,555$444,898,708XML
990-TDecember 2023–––IRS
990December 2022$249,647,567$245,717,189$349,891,864IRS
990-TDecember 2022–––IRS
990December 2021–––IRS
990-TDecember 2021–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 14-1641730).

Questions about ALBANY MED HEALTH SYSTEM

What is the EIN of ALBANY MED HEALTH SYSTEM?
The employer identification number (EIN) of ALBANY MED HEALTH SYSTEM is 14-1641730.
Is ALBANY MED HEALTH SYSTEM tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
Are donations to ALBANY MED HEALTH SYSTEM tax-deductible?
Yes. It is listed in IRS Publication 78 (Group exemption; Supporting organization, 50% limit).
Which annual return does ALBANY MED HEALTH SYSTEM file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of ALBANY MED HEALTH SYSTEM due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did ALBANY MED HEALTH SYSTEM last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of ALBANY MED HEALTH SYSTEM?
The 990 for the year ended December 31, 2024 names DENNIS P MCKENNA.
Who are the officers and directors of ALBANY MED HEALTH SYSTEM?
The 990 for the year ended December 31, 2024 lists 42 people; 8 received compensation from the organization, the highest $2,094,344 (DENNIS P MCKENNA MD, PRESIDENT & CEO).
How much revenue does ALBANY MED HEALTH SYSTEM have?
On its 990 for the year ended December 31, 2024 it reported revenue of $316,046,827, expenses of $312,456,150 and total assets of $513,823,090 at year end.

Organizations in its group exemption (18)

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