2017-11-13T14:11:58-08:00 2016-12-31 KPMG LLP 515 Broadway Albany NY 12207 990 2016-01-01 141641730 Albany Medical Center ALBA 5182625585 47 New Scotland Ave MC116 Albany NY 12208 Frances S Albert Exec VP & CFO 2017-11-13 true Todd P Teresco P00247720 5184274600 2016 2017-02-10 21:41:12Z James J Barba 47 New Scotland Ave Albany NY 12208 165358200 false false X www.amc.edu X 1982 NY An academic health sciences center whose responsibilities are to provide a broad range of patient services to the people of eastern New York and western New England. 29 27 1687 29 -23088 -23338 769233 143847059 162622485 967238 68210 767440 1112913 145581737 164572841 0 0 83116031 93538304 0 0 61072257 68090826 144188288 161629130 1393449 2943711 262605840 268940647 254128857 257297474 8476983 11643173 X An academic health sciences center whose responsibilities are: to educate medical students, physicians, biomedical students and other health care professionals to meet future primary and specialty health care needs of the region and nation; to foster biomedical research that leads to scientific advances and improvement of the health of the public; and to provide a broad range of patient services to the people of eastern New York and western New England.The mission is accomplished through commitment to the values of Quality, Excellence, Service, Collaboration, Integrity and Fiscal Responsibility. We will continue to develop as a nationally recognized academic health science center. In collaboration with the community, we will provide excellence in education, research, and patient care programs.Our vision for the future includes a commitment to working with other providers to make comprehensive and advanced clinical services available to the public while emphasizing quality and service. false false 42251018 43768953 Other Administrative Support Services: The Center coordinates planning, financial, information and policy direction for our affiliated exempt organizations. 40072528 24297552 Information Systems & Services: Centralized maintenance and upgrade of various information systems and other computer support such as personal computer maintenance, education, etc. for the Center and affiliated exempt organizations. 34257337 51259786 Financial Management: Centralized corporate finance related operations for the Center and affiliated exempt organizations. 45048247 43857254 161629130 true true false true false false false false true false true false true true true true false true false false false false false false false false false false false true true false false false false false false false false false false false false false false true true true true false false true 481 0 true 1687 true true true true CJ false false false false false 0 false false false false false false false false false false X 29 27 false false false false false false false true true false false false true true true true true true true false NY X Frances S Albert CPA 5182625585 47 New Scotland Ave Albany NY 12208 James J Barba President & CEO 23.00 17.00 X X 3415456 0 256216 Raimundo C Archibold Jr Board Member 2.00 6.00 X 0 0 0 Margaret Gillis Board Member 2.00 6.00 X 0 0 0 John B Robinson Jr Board Member 2.00 6.00 X 0 0 0 W Michael Reickert Mbr thru 7/16 2.00 6.00 X 0 0 0 Peter H Elitzer Vice Chair 2.00 6.00 X 0 0 0 Robert T Cushing Chairman 2.00 6.00 X 0 0 0 Joyce M DeFazio Board Member 2.00 6.00 X 0 0 0 R Wayne Diesel Board Member 2.00 6.00 X 0 0 0 Sharon Duker Board Member 2.00 6.00 X 0 0 0 Marc N Fecteau CPA Board Member 2.00 6.00 X 0 0 0 Daniel T Pickett III Board Member 2.00 6.00 X 0 0 0 David Golub Board Member 2.00 6.00 X 0 0 0 Mary Gail Biebel Board Member 2.00 6.00 X 0 0 0 Robert J Jones PhD Mbr thru 9/16 2.00 6.00 X 0 0 0 Doug Hamlin Vice Chair 2.00 6.00 X 0 0 0 Robert J Higgins Board Member 2.00 6.00 X 0 0 0 Lillian Moy Esq Board Member 2.00 6.00 X 0 0 0 Omar Usmani Board Member 2.00 6.00 X 0 0 0 Janice Smith Board Member 2.00 6.00 X 0 0 0 John B O'Connor Board Member 2.00 6.00 X 0 0 0 Steven M Parnes MD Board Member 2.00 46.00 X 0 640107 18392 John J Nigro Board Member 2.00 6.00 X 0 0 0 Jeffrey Sperry Board Member 2.00 6.00 X 0 0 0 James O Jackson PhD Board Member 2.00 6.00 X 0 0 0 Candace King Weir Board Member 2.00 6.00 X 0 0 0 Jeffrey Stone Vice Chair 2.00 6.00 X 0 0 0 Todd M Tidgewell Board Member 2.00 6.00 X 0 0 0 Peter H Heerwagen Board Member 2.00 6.00 X 0 0 0 Ruth H Mahoney Board Member 2.00 6.00 X 0 0 0 Morris C Massry Board Member 2.00 6.00 X 0 0 0 Gary J Kochem Exec VP & COO 16.00 24.00 X 681238 0 64962 William C Hasselbarth CFO thru 6/16 3.00 37.00 X 647666 0 15647 Frances S Albert Exec VP & CFO 8.00 32.00 X 361604 0 67467 Steven M Frisch MD SR Exec VP Integrated Deliv System 30.00 10.00 X 709147 204763 156729 Vincent Verdile MD SR Exec VP Sys Care Delivery & Dean 2.00 38.00 X 0 914022 154302 George T Hickman Exec VP & CIO 40.00 0.00 X 507154 0 99378 Ferdinand J Venditti Jr MD EVP System Care Delivery-VDEANCLNAF 1.00 39.00 X 0 744766 124068 Kevin Leyden SVP Bus Dev&Strat 40.00 0.00 X 288602 0 61982 Courtney Burke SVP & System CSO 40.00 0.00 X 277149 0 50159 Molly A Nicol SVP Devel and Comm 20.00 20.00 X 129112 129112 39087 Lee Hessberg General Counsel 40.00 0.00 X 455928 0 47587 Catherine Halakan SVP HR 40.00 2.00 X 371369 0 38658 7844425 2632770 1194634 78 false true false BBL Construction Services LLC 302 Washington Ave Ext Albany NY 12203 Construction 8558502 Cerner Health Services Inc PO Box 959167 St Louis MO 63195 IT Support Services 6834774 nfrastructure 5 Enterprise Ave Clifton Park NY 12065 IT Support Services 2924758 Aramark 27310 Network Place Chicago IL 606731273 Environmental Svcs 1905553 Health Catalyst 3165 Millrock Drive Suite 400 Salt Lake City UT 84121 Consulting 1811497 71 769233 769233 Building Operation 561000 22126446 22126446 Financial Management 561000 51259786 51259786 Informat'n System/Service 561000 24297552 24297552 Materials Management 561000 21730808 21730808 Other Admin Support Serv 561000 43207893 43207893 162622485 -7667 -7667 440 440 0 1212809 660956 551853 551853 -23088 574941 199840 124403 75437 75437 75437 0 0 0 Miscellaneous 812900 561060 561060 561060 164572841 163183545 -23088 643151 X 0 0 0 0 6503781 6503781 0 70355307 70355307 1035522 1035522 10363913 10363913 5279781 5279781 1973725 1973725 639409 639409 95619 95619 20488 20488 0 124666 124666 16315632 16315632 2234862 2234862 2796773 2796773 0 0 5853660 5853660 183591 183591 0 0 1508357 1508357 0 13209998 13209998 290703 290703 Machine Rental & Lease 14338063 14338063 Drugs and Medicine 5487286 5487286 Miscellaneous Expense 1742491 1742491 Intracompany 1275503 1275503 0 161629130 161629130 0 0 28568620 43751335 4855399 10034125 0 87472 689299 0 0 0 162548 4685730 4296646 223554732 103358399 115931067 120196333 0 0 21139199 25166658 0 87338353 64643703 262605840 268940647 24516711 25846846 34273681 36946520 20476461 24983052 22049073 25129348 152812931 144391708 254128857 257297474 X 8476983 11643173 8476983 11643173 262605840 268940647 X 2943711 222479 X false true X true true true X X 5 Albany Medical Center Hospital 141338307 3 true 139332931 0 Albany Medical College 141338310 2 true 21179935 0 Albany Medical Center Kidskeller 222635792 2 true 0 0 Albany Medical Center Foundation 146023119 7 true 293251 0 Center for Donation and Transplant 141820447 2 true 823013 0 5 161629130 0 true false false false false false false false false false false false false false false true Part I: Additional Information Line 12g:Center for Donation and Transplant is an 12 Type I supporting organization organized and operated exclusively for the benefit of Albany Medical College. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false true false true 1440 false false true 19048 false false 20488 false false false true X 11288579 11288579 68338986 7061325 61277661 23169707 12063289 11106418 104666509 75137011 29529498 16090951 9096774 6994177 120196333 25166658 Equity in Midstate Partners 1009 Interinstitutional Receivables - Current 961346 Interinstitutional Receivables - LT 62450637 Workers Compensation LT 1230711 64643703 Accrued abatement costs 201478 Deferred revenue 2329333 Derivative Rates - Long-term 4375511 Interinstitutional Payables - Current 46107164 Interinstitutional Payables - LT 90894222 Workers Compensation LT 484000 144391708 X 166767078 2194237 2194237 164572841 164572841 163460941 1831811 1831811 161629130 161629130 Part IV, Line 2b: Explanation of escrow account liability Albany Medical Center has a deferred compensation program. Part X : FIN48 Footnote s) Income TaxesWith the exception of Madison Avenue Services Corporation, all entities comprising the System are not-for-profit corporations under Section 501(c)(3) of the Internal Revenue Code and are exempt from federal income taxes pursuant to Section 501(a) of the Code. Income taxes associated with Madison Avenue Services Corporation are not material to the combined financial statements. In addition, Albany Medical Park South I, LLC and Albany Med Subs, are limited liability companies which have been deemed as disregarded entities. The System recognizes income tax positions when it is more-likely than-not that the position will be sustainable based on the merits of the position. Management has concluded that there are no uncertain tax positions that need to be recorded at December 31, 2016 and 2015. Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990 Pension Related Changes $-443466 Interest Rate Swaps $665945 Rev. of Cons. Affiliate inc. Elimination $1971758 Part XII, Line 2d: Other expenses and losses per audited F/S Exp. of Cons. Affiliate inc. Elimination $1831811 X X X X X false true false false false false false false false false Catherine Halakan SVP HR 291566 49390 30413 34653 4005 410027 49390 Courtney Burke SVP & System CSO 252300 24609 240 42661 7498 327308 24609 Ferdinand J Venditti Jr MD EVP System Care Delivery-VDEANCLNAF 549512 176978 18276 116994 7074 868834 156978 Frances S Albert Exec VP & CFO 314927 46125 552 63827 3640 429071 46125 Gary J Kochem Exec VP & COO 475337 145580 60321 55338 9624 746200 125580 George T Hickman Exec VP & CIO 380154 119394 7606 89741 9637 606532 99394 James J Barba President & CEO 894089 350000 2171367 247600 8616 3671672 350000 Kevin Leyden SVP Bus Dev&Strat 241517 44873 2212 53337 8645 350584 44873 Lee Hessberg General Counsel 347832 73313 34783 37191 10396 503515 73313 Molly A Nicol SVP Devel and Comm 123596 123596 5000 5000 516 516 15684 15683 3860 3860 148656 148655 5000 5000 Steven M Frisch MD SR Exec VP Integrated Deliv System 689563 204763 19584 10600 136376 9753 729500 341139 184763 Steven M Parnes MD Board Member 615278 9460 15369 7950 10442 658499 Vincent Verdile MD SR Exec VP Sys Care Delivery & Dean 692113 202325 19584 147100 7202 1068324 182325 William C Hasselbarth CFO thru 6/16 481186 151694 14786 10600 5047 663313 131694 A City of Albany IDA 2006A 521325673 012440HC0 2006-05-03 4800000 Acquisition/Renovations false false false B City of Albany IDA 2007A 521325673 012440JG9 2007-06-28 3020000 Renovations/Construction false false false C City of Albany CRC 2014A 272467899 2014-12-09 20000000 Renovations/Construction false false false D City of Albany CRC 2014B 272467899 2014-12-09 5000000 Renovations/Construction false false false A 1955000 4800000 24000 4776000 2007 false false true true B 1130000 3020000 60400 10200 2949400 2007 false false true true C 143055 20000000 400000 19600000 2016 false false false true D 35840 5000000 5000000 2016 false false true true A false false true true false false false true B false false true true false false false true C false false true true false false false true D false false true true false false false true A false true true Citizens 20.0000 false false false false true B false true true Bank of America 20.0000 false false false false true C false true true Key Bank 25.0000 false false false false true D false true false false false true A true B true C true D true Part VI Part II, Line 1, Columns A-D - Total proceeds of issue less amount of bonds retired will not equal Form 990, Part X, Line 20 because the Balance Sheet amount is presented net of deferred financing costs. Part III, Line 3a, Columns A-D - Albany Medical Center has incidental management and service contracts in various financed areas therefore no contracts are considered to result in private business use within the bond financed property group.Part IV, Line 2c, Column A - Rebate calculations performed on 5/3/11 and 5/3/16.Part IV, Line 2c, Column B - Rebate calculation performed on 6/28/12. A City of Albany CRC 2014A 272467899 2014-12-09 8400000 Renovations/Construction false false false A 60085 8400000 168000 8232000 2015 false false false true A false false true true false false false true A false true true Key Bank 25.0000 false false false false true A true Form 990, Part III, Line 4d: Other Program Services Description OTHER PROGRAM SERVICES 4: Materials Management: Centralized supply related operations for the Center and affiliated exempt organizations. OTHER PROGRAM SERVICES 5: Other Administrative Support Services: The Center coordinates planning, financial, information and policy direction for our affiliated exempt organizations. Form 990, Part VI, Line 11b: Form 990 Review Process The Board of Directors, through its Audit Committee, engages a prominent accounting firm, KPMG, to conduct a review of its tax return for compliance with IRS regulations. The Audit Committee engages KPMG as paid preparer to ensure accuracy of filings and raise for discussion issues or concerns that are considered significant. Issues or concerns are raised with management and brought to the attention of the Audit Committee throughout the year as warranted and required. Our process also includes a review of returns by senior management and a presentation and review of the returns at a meeting of the Audit Committee of the Board of Directors. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts All candidates for Board membership and Board Committee membership receive a copy of the conflict of interest policy and conflict of interest questionnaire for completion. Actual or potential conflicts reported are reviewed by the Committee on Audit & Compliance of the Board of Directors and appropriate action is taken to mitigate conflicts.Upon hire, all employees receive an employee manual which explains the conflict of interest policy and the requirement to report any actual or potential conflicts. All employees also receive refresher education regarding the policy and a reminder about the reporting requirement as part of their mandatory annual education. All employees are responsible for notifying Center management of any potential conflicts in addition to responding to requests for information if requested. Persons holding significant management positions receive a copy of the conflict of interest questionnaire for completion. Any conflicts which are reported or discovered are reviewed by the Corporate Compliance & Audit Dept. and appropriate action is taken to mitigate the conflict. Employees who violate the conflict of interest policy are subject to the institution's corrective action policies. Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees The Compensation Committee of the Board of Directors ("Committee") establishes compensation for the President and Chief Executive Officer of the organization, all Executive Vice Presidents and other top management officials who report directly to the President and Chief Executive Officer, subject to approval by the Board of Directors. The Committee uses professional compensation advisors who are capable of rendering independent advice and independent market surveys. The Committee targets the market median (50th percentile) for cash compensation; benefit programs are intended to be competitive. After the compensation program is determined, the Committee-approved recommendation is forwarded to the Board of Directors for its consideration and approval, and that is contemporaneously substantiated. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available Documents are made available upon request. Other Changes In Net Assets Or Fund Balances - Other Increases Change in fair value of interest rate swaps = $665945 Other Changes In Net Assets Or Fund Balances - Other Decreases Effect of adoption of provisions of FASB #158 = -$443466 Chief Executive Officer Salary Included in Mr. Barbas reported compensation for 2016 is a $2,389,000 payment received for a supplemental retirement benefit pursuant to his employment contract. Mr. Barba entered into an employment contract with Albany Medical Center in 1999. One provision of the contract was a requirement for Albany Medical Center to pay a supplemental retirement benefit for each year he served as Chief Executive Officer. The Executive Compensation Committee of the Board, in response to an analysis and a recommendation from an external compensation consultant, Sullivan Cotter, concluded that Mr. Barba should be provided a retirement benefit for the period beginning in 2006 as the benefits under a previous plan had terminated. Therefore, Mr. Barba was provided a funded supplemental retirement benefit from 2006 to 2016 to ensure that he was receiving a retirement benefit consistent with both his employment contract and market conditions. The Board unanimously approved the retirement benefit as recommended by the Executive Compensation Committee. Form 990 Part VII - Estimate of average hours to related organizations Hours reported for Board Members, Officers and Key Employees are average work hours related to this organization and its related organizations. Organizations included in this relationship are Albany Medical Center, Albany Medical Center Hospital, Albany Medical College, Albany Medical Center Foundation, Center for Donation and Transplant, and Kidskeller Inc. Albany Medical Park South I LLC 43 New Scotland Avenue Albany NY 12208 473716279 Real Estate NY 710 Albany Medical Center Albany Med Subs LLC 43 New Scotland Avenue Albany NY 12208 813575709 Restaurant NY 95755 Albany Medical Center Albany Medical Center Hospital 43 New Scotland Avenue Albany NY 12208 141338307 Hospital Services NY 501(c)(3) 3 N/A false Albany Medical College 47 New Scotland Avenue Albany NY 12208 141338310 Medical Degree Programs NY 501(c)(3) 2 N/A false Albany Medical Center Foundation 47 New Scotland Avenue Albany NY 12208 146023119 Fundraising NY 501(c)(3) 7 N/A false Albany Medical Center Kidskeller 47 New Scotland Avenue Albany NY 12208 222635792 Education Day Program NY 501(c)(3) 2 Albany Medical Center true Center for Donation and Transplant 218 Great Oaks Blvd Albany NY 12203 141820447 Organ and Tissue Bank NY 501(c)(3) 12 Type I Albany Medical College false false false false false false false false false false true true true false false false true true true true Albany Medical Center Kidskeller q 92205 Book Value Albany Medical Center Kidskeller s 233038 Book Value