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NEW YORK MEDICAL COLLEGE

VALHALLA, NY · EIN 131099420 · Form 990 · FY2024 · Very Large (>$50M) · nymc.edu
revenue
$135.7M
expenses
$128.1M
net assets
$212.1M
employees
1,024
volunteers
1,574
program ratio
76%
mission · from form 990

EDUCATE PHYSICIANS, SCIENTISTS, PUBLIC HEALTH SPECIALISTS & OTHER HEALTHCARE PROFESSIONALS.

profile · synthesized from sources

New York Medical College, founded in 1860 and located in Valhalla, NY, educates physicians, scientists, public health specialists, and other healthcare professionals. It operates a 54-acre campus shared with Westchester Medical Center, offering clinical training across a network of over 700 affiliated sites. The institution emphasizes compassionate, humanistic care and maintains a diverse student body and inclusive environment.

irs program accomplishments · form 990 part iii · fy2024

What they reported doing

  1. #1 primary $12.23M
    AFFILIATION AND FACULTY PRACTICE: NYMC FACULTY MEMBERS PROVIDE SUPERVISION, TEACHING AND RELATED ADMINISTRATIVE SERVICES AT WESTCHESTER MEDICAL CENTER AND OTHER METROPOLITAN AREA HOSPITALS IN SUPPORT OF VARIOUS MEDICAL STUDENT RESIDENCY PROGRAMS.
  2. #2 $3.05M
    AUXILIARY: CAMPUS SERVICES (HOUSING AND DINING) PROVIDED TO THE STUDENTS AND THE NYMC COMMUNITY TO LIVE AND FUNCTION ON CAMPUS.
named programs · 5 · from sources

What they call their work

BioInc@NYMC
Biotechnology and health tech incubator supporting startups in biopharma and medtech innovation on campus.
Clinical Skills and Simulation Center
Provides hands-on training using standardized patients, mannequins, and task trainers to develop clinical skills in a safe, controlled environment.
Graduate School of Biomedical Sciences
Offers master's and PhD programs with research opportunities in cardiovascular disease, cancer, neuroscience, vaccine development, and Lyme disease.
School of Health Sciences and Practice
Trains graduate students in public health, physical therapy, speech-language pathology, and related rehabilitative therapies with early clinical application.
School of Medicine
Educates medical students through an integrated curriculum with early clinical exposure and a 99% residency match rate; includes clinical rotations at affiliated hospitals.
activities · 13 groups

What they do

  • Medical Professional Education & Training 2 activities
    • Advocates for forensic pathology and medical education reform
      Advocates nationally for increasing the number of forensic pathologists to meet public health needs and promotes greater integration of pathology education into medical school curricula.
    • Provides clinical training for medical and health professions students
      Offers hands-on clinical education through clinical clerkships starting in the second year of medical school, advanced practice rotations in ICUs and ERs, and partnerships with over 150 clinical affiliation sites; includes simulation-based training in a 21,000 square-foot Clinical Skills and Simulation Center enhanced with recent renovations.
  • Biomedical Research and Innovation 2 activities
    • Conducts biomedical research across major health domains
      Carries out ongoing research in cardiovascular disease, cancer, neuroscience, vaccine development, Lyme disease, diabetes, obesity, skin cancer detection modeling, cognitive decline, and patient decision-making in healthcare markets, using state-of-the-art facilities and collaborative teams of scientists, educators, and students.
    • Hosts specialized research centers with clinical and public health applications
      Operates multiple research centers including the Center for Disaster Medicine, Children’s Environmental Health Center, Cardiovascular Translational Science Institute, and MDA Care Center, conducting research with real-world training and clinical applications in emergency preparedness, chronic disease, and population health.
  • Health Professions Education Programs 2 activities
    • Delivers medical and health sciences education through five schools
      Operates the School of Medicine, Graduate School of Biomedical Sciences, School of Health Sciences and Practice, Touro College of Dental Medicine, and Touro School of Nursing on a 56-acre Valhalla campus, offering MD, master's, and PhD programs in biomedical and health sciences disciplines.
    • Supports student success and career placement in health professions
      Offers graduate programs in public health, speech-language pathology, and physical therapy with high licensure pass rates, 100% career placement for DPT and MS-SLP graduates, and a 99% residency match rate for medical students.
  • Research Facility Management 2 activities
    • Operates BioInc@NYMC biotechnology incubator
      Runs a biotech and medtech startup incubator in Valhalla, NY, providing wet and dry labs, offices, and conference space to support early-stage companies advancing health innovation in the Hudson Valley.
    • Operates core research facilities and laboratories
      Manages a dozen core research facilities—including Genomics, Histopathology, Flow Cytometry, and Behavioral Phenotyping labs—that support over 150 scientists in advanced biomedical studies and long-term investigations, protected by critical infrastructure improvements such as roof replacement in the Basic Sciences Building.
  • Direct Clinical Care Services 1 activity
    • Delivers compassionate healthcare to underserved populations
      Provides medical services to underserved patient populations while engaging medical students in addressing real-time health problems affecting these communities.
  • Community CPR and First Aid Training 1 activity
    • Expands disaster medicine training and infrastructure
      Enhances emergency and disaster response education and research through expansion of the Center for Disaster Medicine and hands-on training in patient assessment and medical management during simulated crises.
  • Academic Medical Training Support 1 activity
    • Mentors future health professionals and researchers
      Mentors hundreds of medical students, residents, fellows, and junior faculty as part of graduate medical education and leadership in neuromuscular medicine, neurology, and headache care.
  • Specialized Therapy for Children with Disabilities 1 activity
    • Offers continuing education for health professionals
      Provides an online Advanced Certificate in Pediatric Dysphagia to train working speech-language pathologists and occupational therapists in diagnosing and treating pediatric swallowing disorders.
  • Community Festival & Event Production 1 activity
    • Organizes community cultural events
      Helps organize the annual Asian American Heritage Festival at Kensico Dam Plaza in Westchester County, bringing together thousands of community members and hundreds of performers to celebrate Asian culture and promote cultural understanding.
  • Non-Discriminatory Healthcare Services 1 activity
    • Provides dental care for patients with intellectual and developmental disabilities
      Delivers critical and complex dental and operative care through the TouroCAREs clinic for patients with intellectual and developmental disabilities and other compounding medical conditions.
  • Student Housing and Residential Services 1 activity
    • Provides housing, dining, and student support services
      Offers housing and dining services to support campus living and operations for students and the NYMC community, including tuition discounts for active-duty service members, veterans, and Department of Defense employees.
  • Research and Scholarly Fellowship Support 1 activity
    • Supports student-driven and translational research
      Encourages and supports student-led research projects analyzing cellular changes and large-scale health data, resulting in co-authored publications and opportunities for students to present abstracts internationally.
  • Uncategorized 2 activities
    • Administers faculty appointments and academic records
      Maintains complete and accurate records of faculty appointments, promotions, and terminations as part of institutional governance and academic administration.
    • Trains students in pathology and laboratory sciences with real-world clinical exposure
      Conducts approximately 2,000 patient examinations and 1,000 neuropathology exams annually, integrating pathology education into medical curricula and providing students with laboratory experience through mentorship and hands-on work.
financials · form 990 · fy2024
revenue
Total revenue$135.73M
Contributions & grants$9.13M7%
Program service revenue$113.12M83%
Investment income$6.83M5%
Other revenue$6.64M
expenses
Total expenses$128.12M
Program expenses76%
Admin / overhead23%
Fundraising1%
Salaries & benefits$77.04M
Grants paid out$10.23M
Largest expense lineCompensation
balance sheet
Total assets$340.92M
Cash$5.26M
Investments$102.68M
Liabilities$128.85M
Net assets$212.07M
Liquid reserves10.1 mo
6 years on record · 2019–2024 · YoY revenue +9.6%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 15
NameTitleHours/wkCompensation
ALAN KADISH PRESIDENT AND TRUSTEE 11 $1.36M
MITCHELL S CAIRO PROFESSOR 35 $1.02M
EDWARD C HALPERIN CHANCELLOR OF HEALTH AFF & CEO 35 $773K
SALOMON AMAR SVP FOR RESEARCH AFFAIRS 12 $722K
NEIL SCHLUGER DEAN SOM 35 $667K
DAVID S MARKENSON SR. ASSOCIATE DEAN FOR RESEARCH,SHSP 35 $482K
ROBERT W AMLER DEAN SHSP 35 $475K
NICHOLAS JANIGA VP, CHIEF COUNSEL & ASST SECRETARY 35 $438K
MICHAEL NEWMAN SEC., SR. VP AND GEN. COUNSEL 5 $424K
LORI SOLOMON CHAIR OF FAMILY & COMMUNITY MEDICINE 5 $397K
MICHAL LANIADO SCHWARTZMAN PROFESSOR 35 $394K
JANE PONTERIO DEAN OF STUDENTS 35 $358K
MARINA HOLZ DEAN GSBMS 35 $353K
ADAM HAMMERMAN VICE PRESIDENT & CFO 35 $353K
RABBI MENACHEM GENACK TRUSTEE 0 $59K
board members · 10
  • ALAN B ROSENTHAL — TRUSTEE
  • AMMIR RABADI — TRUSTEE
  • AVI RETTER — TRUSTEE
  • BEN CHOUAKE — TRUSTEE
  • DEE DELBELLO END 123124 — TRUSTEE
  • ELIOT PEYSER — TRUSTEE
  • GARY BARNETT — TRUSTEE
  • GARY GETTENBERG — TRUSTEE
  • HENRY SAPHIER — TRUSTEE
  • HOWARD BARUCH — TRUSTEE
relationships · 30

Who they work with

  • American Medical College Application Service Network — NYMC School of Medicine is a member of AMCAS for medical school applications.
  • BioInc@NYMC Partner — Biotechnology incubator operated by NYMC to support health innovation startups
  • BioInc@NYMC Partner — Biotechnology incubator operated in partnership with NYMC to support early-stage biotech and medtech companies.
  • Care Plus Medical Transport Partner — Employer of a student in NYMC's physical therapy program and site of patient care experience that informed the student's interest in rehabilitation.
  • Chinese American Physicians Association Partner — Dr. Li has served as past president of the organization, supporting professional development and community health initiatives.
  • Dutchess County Government — Serves as chief medical examiner, responsible for forensic investigations and public health reporting.
  • Hudson Valley VA Partner — Principal teaching hospital and clinical affiliate serving diverse communities.
  • Lincoln Hospital Partner — Clinical rotation site in the Bronx used for student training.
  • Maria Fareri Children's Hospital Partner — Clinical affiliate located on the same campus, offering pediatric training and care opportunities.
  • Metropolitan Hospital Partner — Principal teaching hospital and clinical affiliate serving diverse communities.
  • National Institutes of Health Government — Primary funder of more than half of NYMC's research
  • New York Medical College Partner — Graduated from New York Medical College with a medical doctorate in 2013.
  • New York State Government — Provides $2.7 million through the Higher Education Capital (HECap) Matching Grant Program for infrastructure improvements at NYMC.
  • OCA–Asian Pacific American Advocates Partner — Dr. Li has served as president of the local chapter, promoting health education, mentorship, and civic engagement within the Asian American community.
  • School of Health Sciences of Touro University Partner — Partners on the R.N. to Bachelor of Science in Nursing program.
  • The Johns Hopkins Hospital Partner — Completed postgraduate training in pathology and forensic medicine.
  • The New Mexico Office of the Medical Investigator Partner — Completed postgraduate training in forensic pathology.
  • Touro College and University System Network — Member institution since 2011 within the Touro University system
  • Touro College of Dental Medicine Network — Collaborates on academic calendars and student policies as part of the broader Touro system.
  • Touro College of Dental Medicine Partner — Collaborates on the development of TouroCAREs—The Center for Access, Respect, and Empathy—for specialized oral health care services.
  • Touro College of Dental Medicine at New York Medical College Partner — Collaborates on dental education through the Doctor of Dental Surgery program.
  • Touro Schools Partner — Collaborates on joint degree programs in public health and clinical disciplines.
  • Touro University Network — New York Medical College is a member institution of Touro University.
  • Touro University Network — Parent institution of NYMC since 2011
  • Touro University Network — Part of the Touro University system, sharing student policies and administrative resources.
  • University of Utah School of Medicine Partner — Served as adjunct instructor of pathology and director of the forensic pathology fellowship program.
  • Utah Office of the Medical Examiner Partner — Served as assistant and later deputy medical examiner from 2019 to 2025.
  • Westchester Medical Center Partner — Collaborates on clinical and educational leadership roles including chief of the Division of Neuromuscular Medicine and medical director of the Headache Center.
  • Westchester Medical Center Partner — Collaborates with NYMC faculty to support medical student residency programs through clinical supervision and teaching.
  • Westchester Medical Center Partner — Key clinical affiliate and shared-campus partner providing clinical training opportunities for medical students.
strategies · 4

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.

  • Early Clinical Integration
    methodology: early_clinical_integration
    By integrating clinical education and real-world patient exposure from the first day of training, students better connect foundational sciences to clinical practice, enhancing preparedness and deepening learning through immediate application.
  • Evidence-Based and Experiential Learning Integration
    methodology: evidence_based_experiential_learning
    By combining evidence-based reasoning with hands-on clinical training, simulation, and service-based learning, students develop critical thinking and professional competence through both scientific rigor and real-world application.
  • Holistic and Humanistic Care Development
    methodology: humanistic_care
    By selecting students based on ethical grounding, compassion, and personal integrity and training them in humanistic, patient-centered care, the institution cultivates physicians who treat patients as whole individuals, improving empathy and clinical outcomes.
  • Interprofessional and Interdisciplinary Education
    methodology: interprofessional_education
    By training students in interprofessional and interdisciplinary teams from the start, the institution fosters collaborative practice, improves patient-centered care, and prepares health professionals to function effectively in team-based healthcare environments.