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MAIMONIDES MEDICAL CENTER

BROOKLYN, NY · EIN 111635081 · Form 990 · FY2024 · NTEE E220 · Health Care · Very Large (>$50M) · maimonidesmed.org
revenue
$1.8B
expenses
$1.9B
net assets
$238.7M
employees
8,119
volunteers
1,639
program ratio
80%
profile · synthesized from sources

Maimonides Medical Center is a major healthcare provider and teaching hospital in Brooklyn, NY, serving over one million patients annually. It offers comprehensive medical, surgical, and specialty services through its network of hospitals and outpatient centers. The organization is nationally recognized for high-quality surgical care, patient safety, and community access.

irs program accomplishments · form 990 part iii · fy2024

What they reported doing

  1. #1 primary $138.93M
    EMERGENCY SERVICES. THIS IS FURTHER DESCRIBED IN SCHEDULE O.
  2. #2 $91.95M
    MATERNITY SERVICES. THIS IS FURTHER DESCRIBED IN SCHEDULE O.
named programs · 3 · from sources

What they call their work

Financial Assistance Program (FAP)
Provides reduced fees for medically necessary services to low-income, uninsured New York City residents
Maimonides Doctors Clinton Hill Pavilion
Integrated outpatient facility offering primary care, OB/GYN, and multispecialty services under one roof with on-site diagnostics and lab services
Outpatient Mental Health Services Financial Assistance
Separate financial assistance program for outpatient mental health services and prescriptions
activities · 11 groups

What they do

  • Advanced Surgical and Cardiac Care 3 activities
    • Delivers advanced cardiac and vascular care
      Performs approximately 1,000 open heart surgeries annually, maintains IAC accreditation for its Vascular Lab for 30 consecutive years, and has the highest quality rating for TAVR procedures based on 30-day outcomes. Also recognized with Gold Level Center of Excellence in Life Support Award for ECMO program.
    • Provides robotic and minimally invasive surgical care
      Designated a Robotic Center of Excellence by the Surgical Review Corporation; performs over 1,300 minimally invasive robotic procedures annually with more than 35 surgeons. Achieved meritorious outcomes in the ACS NSQIP adult program, ranking among the top 76 hospitals nationally.
    • Provides specialized neurologic and stroke care
      Designated a Comprehensive Stroke Center by the Joint Commission and recognized on the American Heart Association Gold Plus Honor Roll for 16 consecutive years. Operates Brooklyn's only MDA clinic and the Linda Morgante Center for Multiple Sclerosis, offering advanced care for epilepsy, Parkinson’s, and migraines.
  • Biomedical Research and Innovation 1 activity
    • Conducts pediatric research and clinical trials
      Engages in pediatric research and clinical trials as part of its academic and clinical mission, including participation in the Children’s Oncology Group and other collaborative research networks.
  • Diagnostic Testing and Imaging Services 1 activity
    • Delivers comprehensive cancer and oncology services
      Accredited by the American College of Radiology for radiation oncology and received the Commission on Cancer’s Outstanding Achievement Award with a perfect score. Operates fully accredited Breast and Prostate Centers of Excellence and provides expedited diagnosis through a Rapid Assessment Service for suspected cancer cases.
  • Comprehensive Primary and Specialty Care Networks 1 activity
    • Offers coordinated primary and multispecialty care at integrated facilities
      Consolidates primary care, women’s health, and multispecialty services under one roof at the Clinton Hill Pavilion and other locations, integrating three medical practices into a single facility with 43 exam rooms, on-site diagnostics, and imaging to provide coordinated, comprehensive care.
  • Orthopedic Surgery and Musculoskeletal Care 1 activity
    • Offers orthopedic and musculoskeletal services
      Provides comprehensive orthopedic care including sports medicine, joint replacement, trauma care, and robotic arm–assisted surgery across six Brooklyn locations. Recognized annually since 2022 by Healthgrades for Orthopedic Surgery Excellence and named in Becker’s 2025 list of 100 outstanding orthopedic programs.
  • Patient Portal and Digital Health Access 1 activity
    • Operates digital patient platform with multilingual support
      Provides the MaimoCare digital platform offering appointment scheduling, electronic registration, provider search, emergency department pre-arrival notification, online bill payment, and integration with FollowMyHealth® for health records and lab results, with multilingual support in 11 languages.
  • Outpatient and Emergency Care Services 1 activity
    • Operates emergency and trauma care services for adults and children
      Operates a Level 1 Trauma Center certified by the American College of Surgeons and Brooklyn's only Level 2 Pediatric Trauma Center, providing 24/7 emergency care for adults and children. Includes standalone children's emergency departments in Bay Ridge and Midwood with on-site imaging and 32 treatment areas.
  • Telehealth and Urgent Care Access 1 activity
    • Provides 24/7 virtual urgent and on-demand care
      Offers 24/7 virtual urgent care with e-prescribing and immediate doctor access through the MaimoCare app for adults and children. Self-pay service available for $49 per visit, operating without insurance billing.
  • Pediatric Primary and Specialty Care 1 activity
    • Provides comprehensive pediatric specialty and critical care
      Operates Brooklyn's only dedicated children's hospital with the largest Pediatric and Neonatal Intensive Care Units, a Regional Perinatal Center, and access to over 30 pediatric subspecialties. Also serves as Brooklyn’s only member of the Children’s Oncology Group, enabling participation in pediatric cancer research and treatment protocols.
  • Sliding Fee Scale Healthcare 1 activity
    • Provides financial assistance and patient support services
      Offers financial assistance programs for low-income uninsured NYC residents, including reduced fees for nonemergency services and emergency care support. Provides multilingual assistance in 12 languages, written notification within 30 days, and one-year approval periods with review.
  • Comprehensive Women's Health Services 1 activity
    • Provides women’s health and maternity services
      Offers coordinated maternity care through the Women’s Health Institute, supporting natural childbirth with obstetricians, midwives, and doulas. Delivers care for thousands of births annually and provides surgical and minimally invasive gynecologic treatments.
financials · form 990 · fy2024
revenue
Total revenue$1.81B
Contributions & grants$157.80M9%
Program service revenue$1.63B90%
Investment income$10.19M1%
Other revenue$6.31M
expenses
Total expenses$1.86B
Program expenses80%
Admin / overhead20%
Fundraising0%
Salaries & benefits$1.15B
Grants paid out$2.24M
Largest expense lineCompensation
balance sheet
Total assets$1.95B
Cash$118.38M
Investments$205.14M
Liabilities$1.71B
Net assets$238.68M
Liquid reserves2.1 mo
3 years on record · 2020–2024 · YoY revenue +11.3%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 15
NameTitleHours/wkCompensation
JACOB SHANI MD CHAIR, CARDIOLOGY 40 $3.55M
PATRICK BORGEN MD CHAIR, DEPARTMENT OF SURGERY 40 $2.06M
AMIT SCHWARTZ MD DIRECTOR, NEUROSURGERY 40 $1.97M
ROBERT FRANKEL MD DIR, INTERVENTIONAL CARDIOLOGY 40 $1.93M
JOSHUA KERSTEIN MD ASSOC DIR, CLINICAL CARDIOLOGY 40 $1.93M
KENNETH GIBBS PRESIDENT & CEO 40 $1.82M
JOHN MARSHALL MD EVP, MEDICAL AFFAIRS 40 $1.49M
JUDY BACHMAN EVP & COO 40 $1.36M
ROBERT PALERMO EVP/CFO & ASSISTANT TREASURER 40 $1.29M
LAURIE WEINSTEIN EVP,CHIEF LEGAL OFFIC,ASST SEC 40 $1.15M
DAVID COHEN MD EVP,POP HEALTH& ACADEM AFFAIRS 40 $985K
ROBERT PRESS FORMER EVP, MEDICAL AFFAIRS 0 $512K
MONICA GHITAN MD MED STAFF PRESIDENT THRU 6/24 40 $395K
JUAN KUPFERMAN MD MED STAFF PRESIDENT AS OF 7/24 40 $377K
MICHAEL ANTONIADES FORMER EVP & COO 0 $180K
board members · 10
  • AARON TWERSKI — TRUSTEE
  • ALEX ROVT PHD — TRUSTEE & VICE CHAIR THRU 6/24
  • AMY SANDGRUND-FISHER — TRUSTEE AS OF 12/24
  • AZZAM OBEID — TRUSTEE
  • CHAIM FISCHER — TRUSTEE
  • DAVID CASSATO MSGR — TRUSTEE
  • DAVID SPIRA — TRUSTEE
  • DONALD MELTZER — TRUSTEE THRU 6/24
  • DONNA ASTION MD — TRUSTEE, VICE CHAIR
  • ELIZA NG — TRUSTEE AS OF 9/24
relationships · 26

Who they work with

  • AABP, LLP anesthesia services Partner — Provides anesthesia services for which patients may need to confirm insurance coverage separately.
  • American College of Radiology Government — Accredits Maimonides Cancer Center for radiation oncology care
  • American College of Surgeons Partner — Participant in the ACS NSQIP program and recognized as an ACS Surgical Quality Partner.
  • American College of Surgeons Partner — Participates in multiple ACS quality programs including NSQIP, TQIP, NAPRC, and Trauma VRC; recognized as an ACS Surgical Quality Partner.
  • American College of Surgeons—Committee on Trauma Government — Meets the standards of care established by the American College of Surgeons—Committee on Trauma for pediatric trauma centers.
  • Becker’s Hospital Review Government — Listed in Becker’s Hospital Review’s 2025 list of 100 outstanding orthopedic programs in the U.S.
  • Children’s Oncology Group Network — Brooklyn's only member of the Children’s Oncology Group.
  • Children’s Oncology Group Network — Member of the Children’s Oncology Group, enabling access to pediatric cancer treatment protocols and research.
  • Commission on Cancer of the American College of Surgeons Government — Recognized Maimonides Cancer Center with an Outstanding Achievement Award for perfect performance across all evaluation categories
  • FollowMyHealth Partner — Integrates with FollowMyHealth® to provide patients access to health records and lab results through the MaimoCare platform.
  • Grady Health System Partner — Integrated food prescriptions into primary care
  • Healthgrades Government — Recognized by Healthgrades for Orthopedic Surgery Excellence and Five-Star Hip Fracture Treatment.
  • Intersocietal Accreditation Commission (IAC) Government — Pediatric cardiology program accredited by the IAC in fetal and pediatric echocardiography.
  • Maimonides Doctors Sunrise Medical Group Partner — Consolidated into the Maimonides Doctors Clinton Hill Pavilion for coordinated healthcare.
  • Maimonides Doctors Sunrise Medical Group Partner — Integrated practice providing primary care services under the Maimonides Doctors Clinton Hill Pavilion.
  • Maimonides Midwood Community Hospital Partner — Integrated into Maimonides Health to expand community-based healthcare services in Brooklyn.
  • Maimonides Multispecialty Care Partner — Consolidated into the Maimonides Doctors Clinton Hill Pavilion for coordinated healthcare.
  • Maimonides Multispecialty Care Partner — Integrated practice providing surgical and medical specialty services under the Maimonides Doctors Clinton Hill Pavilion.
  • Maimonides Obstetrics and Gynecology Women’s Health Partner — Consolidated into the Maimonides Doctors Clinton Hill Pavilion for coordinated healthcare.
  • Maimonides Obstetrics and Gynecology Women’s Health Partner — Integrated practice providing OB/GYN and women’s health services under the Maimonides Doctors Clinton Hill Pavilion.
  • New York State Department of Health Government — Recognized as a Pediatric Center of Innovation and Level 2 Pediatric Trauma Center by the New York State Department of Health.
  • Quality Oncology Practice Initiative Government — Certified Maimonides Cancer Center, recognizing its team-based culture of quality and excellence
  • SUNY Downstate Health Sciences University Partner — Partnership formed in 2017 to expand access to high-quality neurosciences care in Brooklyn.
  • Surgical Review Corporation Partner — Designated a Robotic Center of Excellence by the Surgical Review Corporation.
  • Surgical Review Corporation Partner — Designated as a Robotic Center of Excellence, reflecting collaboration in surgical quality and safety standards.
  • U.S. News & World Report Government — Recognized Maimonides Cancer Center as High Performing in multiple cancer care specialties
strategies · 5

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.

  • Family- and Child-Centered Pediatric Care
    methodology: family-centered_care
    By using child life specialists and delivering care in a family-centered, child-friendly environment, the organization improves pediatric patient coping and outcomes because emotional and developmental support reduces trauma and increases engagement.
  • Integrated Care Model for Coordinated Access
    methodology: integrated_care_model
    By colocating primary care, women’s health, and multispecialty services under one roof, the organization enables coordinated and patient-centered care because physical integration reduces fragmentation and improves care continuity.
  • Multidisciplinary Specialty Integration for Complex Conditions
    methodology: multidisciplinary_care
    By integrating neurology, neurointerventional, neurosurgical, and neuroradiology expertise into a 24/7 adaptive model, the organization improves outcomes in stroke and neuroscience care because rapid, coordinated access to subspecialists reduces delays in time-sensitive treatment.
  • Patient-Partnered Care Planning
    methodology: patient_partnership_model
    By engaging patients as partners in developing individualized care plans, the organization improves alignment with personal health goals because shared decision-making enhances adherence and patient agency.
  • Virtual-First Access to Reduce Barriers
    methodology: virtual-first care delivery
    By providing immediate virtual access to clinicians without appointments or physical waiting rooms, the organization enables rapid assessment and treatment because removing structural barriers increases timeliness and utilization of care.