2024-11-14T12:03:15-06:00 2023-12-31 135565207 KPMG LLP 515 BROADWAY 4TH FLOOR ALBANY NY 122072974 990 2023-01-01 141641730 ALBANY MED HEALTH SYSTEM ALBA 5182625585 47 NEW SCOTLAND AVE MC116 ALBANY NY 12208 FRANCES S ALBERT SR EVP, COO & CFO (AMHS) 5182625585 2024-11-13 1 0 GENEVA FURLANO P01877392 5184274600 2024-11-12 2023 2024-10-15 13:58:12Z DENNIS P MCKENNA 47 NEW SCOTLAND AVE MC116 ALBANY NY 12208 292760517 0 5980 X WWW.ALBANYMED.ORG X 1982 NY AN ACADEMIC HEALTH SCIENCES SYSTEM WHOSE RESPONSIBILITIES ARE TO PROVIDE A BROAD RANGE OF PATIENT SERVICES TO THE PEOPLE OF EASTERN NEW YORK AND WESTERN NEW ENGLAND. 33 30 2476 36 0 0 1113564 636326 245335840 287200394 522043 3139340 2676120 1574402 249647567 292550462 0 0 0 0 122469305 128127317 0 0 0 123247884 160491238 245717189 288618555 3930378 3931907 349891864 444898708 316226363 408176363 33665501 36722345 X SEE SCHEDULE O 0 0 91764385 91929151 OTHER ADMINISTRATIVE SUPPORT SERVICES: THE ALBANY MED HEALTH SYSTEM COORDINATES PLANNING, FINANCIAL, INFORMATION AND POLICY DIRECTION FOR OUR AFFILIATED EXEMPT ORGANIZATIONS. 86919146 68814150 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. 45941214 65567074 FINANCIAL MANAGEMENT: CENTRALIZED CORPORATE FINANCE RELATED OPERATIONS FOR THE ALBANY MED HEALTH SYSTEM. 63993810 62278726 BUILDING OPERATIONS: COST OF MAINTENANCE AND REPAIRS TO BUILDINGS FOR USE BY ALBANY MED HEALTH SYSTEM.MATERIALS MANAGEMENT: CENTRALIZED SUPPLY RELATED OPERATIONS FOR THE ALBANY MED HEALTH SYSTEM. 63993810 62278726 288618555 1 1 0 1 0 0 0 0 1 1 1 0 1 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1 529 0 1 2476 1 0 1 CJ 0 0 0 0 0 0 0 0 1 0 X 33 30 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X FRANCES S ALBERT CPA 5182628795 47 NEW SCOTLAND AVE ALBANY NY 12208 X DENNIS P MCKENNA MD PRESIDENT & CEO 8.00 51.00 X X 1617528 0 364919 STEVEN M PARNES MD BOARD MEMBER 2.00 46.00 X 0 750046 34891 JAMES J BARBA BOARD MEMBER 42.00 6.00 X 50470 0 0 RAIMUNDO C ARCHIBOLD JR BOARD MEMBER 2.00 11.00 X 0 0 0 DOUGLAS M HAMLIN BOARD MEMBER 2.00 6.00 X 0 0 0 JEFFREY STONE BOARD MEMBER 2.00 6.00 X 0 0 0 MARY GAIL BIEBEL BOARD MEMBER 2.00 6.00 X 0 0 0 ROBERT T CUSHING BOARD MEMBER 2.00 6.00 X 0 0 0 SHARON DUKER BOARD MEMBER 2.00 10.00 X 0 0 0 ANTHONY DURANTE BOARD MEMBER 2.00 9.00 X 0 0 0 MARGARET GILLIS BOARD MEMBER 2.00 8.00 X 0 0 0 RUTH MAHONEY BOARD MEMBER 2.00 6.00 X 0 0 0 THERESA SKAINE BOARD MEMBER 2.00 11.00 X 0 0 0 SUJATA CHAUDHRY BOARD MEMBER 2.00 4.00 X 0 0 0 JAMES CULLUM BOARD MEMBER 2.00 6.00 X 0 0 0 DAVID GOLUB BOARD MEMBER 2.00 4.00 X 0 0 0 PETER H HEERWAGEN BOARD MEMBER THRU 8/23 2.00 4.00 X 0 0 0 JAMES O JACKSON PHD BOARD MEMBER 2.00 4.00 X 0 0 0 GLENDA KELMAN BOARD MEMBER 2.00 6.00 X 0 0 0 CAROL KIM PHD BOARD MEMBER 2.00 4.00 X 0 0 0 KIRK KNELLER BOARD MEMBER 2.00 9.00 X 0 0 0 MORRIS MASSRY BOARD MEMBER 2.00 4.00 X 0 0 0 LISA MOSER BOARD MEMBER 2.00 4.00 X 0 0 0 LILLIAN MOY ESQ BOARD MEMBER 2.00 4.00 X 0 0 0 MARIANNE MUSTAFA MD BOARD MEMBER 2.00 9.00 X 0 0 0 JOHN J NIGRO BOARD MEMBER 2.00 4.00 X 0 0 0 JOHN B O'CONNOR BOARD MEMBER 2.00 4.00 X 0 0 0 DANIEL T PICKETT III BOARD MEMBER 2.00 4.00 X 0 0 0 JANICE SMITH BOARD MEMBER THRU 8/23 2.00 4.00 X 0 0 0 CAROLYN STEFANCO PHD BOARD MEMBER 2.00 4.00 X 0 0 0 TODD M TIDGEWELL BOARD MEMBER 2.00 4.00 X 0 0 0 MICHAEL TOOHEY BOARD MEMBER THRU 8/23 2.00 9.00 X 0 0 0 HEATHER WARD BOARD MEMBER 2.00 9.00 X 0 0 0 CANDACE KING WEIR BOARD MEMBER 2.00 4.00 X 0 0 0 JANICE WHITE EDD BOARD MEMBER 2.00 4.00 X 0 0 0 ELIZABETH WOOD BOARD MEMBER 2.00 9.00 X 0 0 0 FRANCES S ALBERT SR.EVP, COO & CFO 6.00 35.00 X 1013532 0 109052 ALAN S BOULOS MD EVP & DEAN ALB MED COL 1.00 39.00 X 0 1197996 146090 MATTHEW C JONES EVP & GENERAL COUNSEL 26.00 14.00 X 727869 0 94117 PETER PAIGE MD EVP HOSP GEN DIRECTOR 1.00 44.00 X 0 760560 32396 JASON MOUZAKES MD EVP HOSP GEN DIRECTOR 1.00 39.00 X 0 758898 32395 KRISTOPHER P KUSCHE SVP & CIO 40.00 0.00 X 540681 0 76479 VICTOR BECKER SVP & CHIO 40.00 0.00 X 508631 0 58616 SANDRA J CASTILLA VP HUMAN RESOURCES 40.00 0.00 X 386945 0 35067 SHELLY A BRETON VP REVENUE CYCLE SERVICES 40.00 0.00 X 377313 0 24185 NOEL C HOGAN SVP CORP COMPLIANCE 40.00 0.00 X 327261 0 48780 VINCENT P VERDILE MD DEAN EMERITUS 8.00 32.00 X 0 146898 953 5550230 3614398 1057940 209 1 1 0 EPIC SYSTEMS CORPORATION PO BOX 88314 MILWAUKEE WI 532880314 IT SUPPORT SERVICES 17686679 WORKDAY INC PO BOX 886106 LOS ANGELES CA 900886106 IT SUPPORT SERVICES 7055361 ARAMARK HEALTHCARE PO BOX 978839 DALLAS TX 753978839 ENVIRONMENTAL SERVICES 4149911 ALLSCRIPTS HEALTHCARE LLC 24630 NETWORK PL CHICAGO IL 60673 CONSULTING 3980604 CERNER CORPORATION PO BOX 959156 ST LOUIS MO 631959156 IT SUPPORT SERVICES 3415802 80 302600 333726 636326 OTHER ADMIN SUPPORT SERVICE 561000 90538104 90538104 INFORMATION SYSTEM/SERVICE 561000 68814150 68814150 FINANCIAL MANAGEMENT 561000 65567074 65567074 BUILDING OPERATION 561000 32119916 32119916 MATERIALS MANAGEMENT 561000 30161150 30161150 287200394 2949600 2949600 158412 158412 393410 210055 183355 183355 183355 31328 0 31328 31328 31328 MISCELLANEOUS 812900 1391047 1391047 1391047 292550462 288591441 0 3322695 2699656 2699656 109372837 109372837 1610061 1610061 6804280 6804280 7640483 7640483 3054147 3054147 913243 913243 78391 78391 77150 77150 28110 28110 24180652 24180652 2783321 2783321 3680912 3680912 3878625 3878625 105628 105628 3524893 3524893 21832102 21832102 533543 533543 DRUGS AND MEDICINE 41704763 41704763 MACHINE RENTAL & LEASE 21820116 21820116 MISCELLANEOUS EXPENSES 17140982 17140982 INTRACOMPANY 15154660 15154660 288618555 288618555 0 0 22568843 12646691 18389478 16801941 7718564 9536221 783547 5246420 9569038 7595921 335821962 143682770 163996003 192139192 55512250 70125056 71354141 130807266 349891864 444898708 43498775 72794670 43422044 42336319 55310149 68034186 49270911 45332285 124724484 179678903 316226363 408176363 X 33665501 36722345 33665501 36722345 349891864 444898708 X 3931907 265602 -1138325 X 0 1 X 1 1 1 X X 12 ALBANY MEDICAL CENTER HOSPITAL 141338307 3 1 0 219609577 ALBANY MEDICAL COLLEGE 141338310 2 1 0 47136879 ALBANY MEDICAL CENTER KIDSKELLER 222635792 2 1 0 0 ALBANY MEDICAL CENTER FOUNDATION 146023119 7 1 0 388838 COLUMBIA MEMORIAL HOSPITAL 141338373 3 1 0 4060950 KAATERSKILL COMMONS INC 205700964 7 1 0 0 SARATOGA HOSPITAL 141338547 3 1 0 10564651 GLENS FALLS HOSPITAL 141338413 3 1 0 6857660 GLENS FALLS HOSPITAL FOUNDATION 141790805 10 1 0 0 ALBANY VISITING NURSE HOME CARE SERVICES GROUP INC 222778949 10 1 0 0 VISITING NURSE ASSOCIATION OF ALBANY INC 141340125 10 1 0 0 VISITING NURSES FOUNDATION INC 141653755 10 1 0 0 12 0 288618555 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 X 1 1 PART IV, SECTION D, LINE 3 ROLE OF THE ORGANIZATION'S SUPPORTED ORGS. PLAYED EACH OF ALBANY MED HEALTH SYSTEM'S DIRECTLY SUPPORTED ORGANIZATIONS EITHER (1) APPOINTS ONE OR MORE MEMBERS OF ALBANY MED HEALTH SYSTEM'S BOARD, OR (2) HAS AT LEAST ONE OFFICER OR DIRECTOR THAT SITS ON ALBANY MED HEALTH SYSTEM'S BOARD WHICH, AS A RESULT, GIVES EACH SUPPORTED ORGANIZATION A SIGNIFICANT VOICE IN THE SYSTEM'S INVESTMENT POLICIES AND IN DIRECTING THE USE OF THE SYSTEM'S INCOME OR ASSETS AT ALL TIMES DURING THE TAX YEAR. PART IV, SECTION E, LINE 2A IDENTIFY SUPPORTED ORGS AND EXPLAIN HOW ACTIVITIES FURTHERED EXEMPT PURPOSES ALBANY MED HEALTH SYSTEM SUPPORTS THE FOLLOWING ORGANIZATIONS: ALBANY MEDICAL CENTER HOSPITAL, ALBANY MEDICAL COLLEGE, ALBANY MEDICAL CENTER KIDSKELLER, ALBANY MEDICAL CENTER FOUNDATION, INC., THE COLUMBIA MEMORIAL HOSPITAL, KAATERSKILL COMMONS, INC., THE SARATOGA HOSPITAL, GLENS FALLS HOSPITAL, GLENS FALLS HOSPITAL FOUNDATION, ALBANY VISITING NURSE HOME CARE SERVICES GROUP, INC., VISITING NURSE ASSOCIATION OF ALBANY, INC., AND VISITING NURSES FOUNDATION, INC. THE ALBANY MED HEALTH SYSTEM DIRECTLY FURTHERS THE EXEMPT PURPOSES OF THESE SUPPORTED ORGANIZATIONS BY COORDINATING THEIR ACTIVITIES AND ENGAGING IN OVERALL PLANNING, POLICY DEVELOPMENT, BUDGETING, RESOURCE ALLOCATION, AND ADMINISTRATIVE SUPPORT (INCLUDING ACCOUNTING AND FINANCE, RISK MANAGEMENT, LEGAL AND COMPLIANCE) FOR THESE ORGANIZATIONS. THESE ACTIVITIES CONSTITUTE SUBSTANTIALLY ALL OF ALBANY MED HEALTH SYSTEM'S ACTIVITIES. PART IV, SECTION E, LINE 2B REASONS FOR THE ORGANIZATION'S POSITION THE ACTIVITIES DESCRIBED IN LINE 2A CONSTITUTE ACTIVITIES THAT, BUT FOR ALBANY MED HEALTH SYSTEM'S INVOLVEMENT, WOULD HAVE HAD TO BE CARRIED ON BY THE SUPPORTED ORGANIZATIONS THEMSELVES, EITHER ON THEIR OWN BEHALF OR TO ACT TOGETHER AS AN INTEGRATED HOSPITAL SYSTEM. IN OTHER WORDS, MANAGEMENT OVERSIGHT, BUDGETING, RESOURCE ALLOCATION, POLICY DEVELOPMENT, AND ADMINISTRATIVE FUNCTIONS SUCH AS ACCOUNTING AND FINANCE, RISK MANAGEMENT, LEGAL AND COMPLIANCE ARE ALL ACTIVITIES THAT ALBANY MED HEALTH SYSTEM'S SUPPORTED ORGANIZATIONS WOULD HAVE TO CARRY OUT THEMSELVES WERE IT NOT FOR THE SYSTEM. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 1 1771 0 0 1 75379 0 0 77150 0 PART II-B, LINE 1: ALBANY MED HEALTH SYSTEM'S GOVERNMENT RELATIONS OFFICE WILL PREPARE MAILINGS TO LEGISLATORS TO EXPLAIN AMHS' POSITION IN REGARDS TO PENDING LEGISLATION. IN ADDITION, AMHS RETAINS A LOCAL FIRM TO ADVISE US ON UPCOMING OR PENDING LEGISLATION. THIS ADVISEMENT MAY INCLUDE ASSISTING IN OBTAINING OPPORTUNITIES FOR DIRECT CONTACT WITH LEGISLATORS OR THEIR STAFF. 0 1 X 1131490 300000 277129 56532 1652087 0 1100000 45635 14145 1131490 0.00000 1.00000 0.00000 0 0 11538579 11538579 108930509 31021391 77909118 51108009 29199603 21908406 112924428 72592429 40331999 51320437 10869347 40451090 192139192 DEFERRED COMP 69676235 F AMC RADIOACTIVE TRUST 242400 F VA GARAGE MAINTENANCE RESERVE 180322 F 50 NS MAINTENANCE RESERVE 26099 F 70125056 INTERINSTITUTIONAL RECEIVABLES - LT 111281077 INTERINSTITUTIONAL RECEIVABLES - CURRENT 16693995 DERIVATIVE RATES - LONG-TERM 2637797 WORKERS COMPENSATION - LT 123147 EQUITY IN SARATOGA PARTNERS NORTH REALTY 70241 EQUITY IN MIDSTATE PARTNERS 1009 130807266 INTERINSTITUTIONAL PAYABLES - LT 169516156 INTERINSTITUTIONAL PAYABLES - CURRENT 6407786 DEFERRED REVENUE 1823545 WORKERS COMPENSATION - LT 1807225 ACCRUED ABATEMENT COSTS 124191 179678903 X 293583229 265602 769505 1035107 292548122 0 292548122 290781289 2162734 2162734 288618555 0 288618555 PART IV, LINE 2B: ALBANY MED HEALTH SYSTEM HAS A DEFERRED COMPENSATION PROGRAM. PART V, LINE 4: THE ALBANY MED HEALTH SYSTEM'S ENDOWMENT CONSISTS OF APPROXIMATELY 2 INDIVIDUAL FUNDS ESTABLISHED FOR DONOR-RESTRICTED ENDOWMENT FUNDS. THE ALBANY MED HEALTH SYSTEM HAS A SPENDING RATE POLICY TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO THE PROGRAMS SUPPORTED BY ITS ENDOWMENTS. THIS POLICY CALLS FOR A WEIGHTED AVERAGE CALCULATION OF THE ENDOWMENT MARKET VALUE OVER THE PAST THIRTEEN QUARTERS. 4.5% (ANNUAL) OF THIS WEIGHTED AVERAGE IS THEN ALLOCATED TO THE PROGRAMS SUPPORTED FOR USE IN ACCORDANCE WITH THE ENDOWED RESTRICTIONS. THE CALCULATION AND ALLOCATION OF FUNDS OCCURS ON A QUARTERLY BASIS. SPENDING FROM THE ENDOWMENTS IS RESTRICTED FOR VARIOUS PURPOSES. A SIGNIFICANT PORTION OF THE ENDOWMENT FUNDS ARE USED TO PROVIDE SCHOLARSHIPS AND FINANCIAL ASSISTANCE TO MEDICAL STUDENTS. OTHER USES OF THE ENDOWMENTS INCLUDE, BUT ARE NOT LIMITED TO, CREATION AND FUNDING OF DEPARTMENT CHAIRS AND PROFESSORSHIPS, SUPPORT FOR RESEARCH ACTIVITIES AND SUPPORT FOR FELLOWSHIPS. PART X, LINE 2: WITH THE EXCEPTION OF MADISON AVENUE SERVICES CORPORATION, ALBANY MED SUBS, LLC, ALBANY MEDICAL PARK SOUTH I, LLC, COLUMBIA REGIONAL, PLLC, SARATOGA PARTNERS NORTH, LLC, SARATOGA PARTNERS NORTH REALTY, LLC, BETTER HEALTH FOR NORTHEAST NEW YORK, INC. AND VISITING NURSE ASSOCIATION OF ALBANY HOME CARE CORPORATION, ALL ENTITIES COMPRISING THE SYSTEM ARE NOT-FOR-PROFIT CORPORATIONS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE CODE) AND ARE EXEMPT FROM FEDERAL INCOME TAXES PURSUANT TO SECTION 501(A) OF THE CODE. BETTER HEALTH FOR NORTHEAST NEW YORK, INC. IS A 501(C)(6) NOT-FOR-PROFIT CORPORATION. INCOME TAXES ASSOCIATED WITH MADISON AVENUE SERVICES CORPORATION AND VISITING NURSE ASSOCIATION OF ALBANY HOME CARE CORPORATION ARE NOT MATERIAL TO THE COMBINED FINANCIAL STATEMENTS. IN ADDITION, ALBANY MEDICAL PARK SOUTH I, LLC, ALBANY MED SUBS, LLC, AND COLUMBIA REGIONAL, PLLC ARE LIMITED LIABILITY COMPANIES, WHICH ARE DISREGARDED ENTITIES FOR INCOME TAX PURPOSES. SARATOGA PARTNERS NORTH, LLC AND SARATOGA PARTNERS NORTH REALTY, LLC ARE LIMITED LIABILITY COMPANIES ORGANIZED AS PARTNERSHIPS AND DO NOT MAKE ANY MATERIAL PROVISION FOR INCOME TAXES. 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 AS OF DECEMBER 31, 2023 AND 2022. PART XI, LINE 2D - OTHER ADJUSTMENTS: FAIR VALUE ON INTEREST RATE SWAPS -690,010. PENSION RELATED CHANGES 155,617. PENSION ANNUITIZATION -603,932. REV. OF CONS. AFFILIATE INC. ELIMINATION 1,907,830. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXP. OF CONS. AFFILIATE INC. ELIMINATION 2,162,734. X X X X X 0 1 0 0 0 0 0 0 0 DENNIS P MCKENNA MD PRESIDENT & CEO 1294203 0 235742 0 87583 0 335205 0 29714 0 1982447 0 53004 0 ALAN S BOULOS MD EVP & DEAN ALB MED COL 0 1018306 0 141500 0 38190 0 121368 0 24722 0 1344086 0 0 FRANCES S ALBERT SR.EVP, COO & CFO 789398 0 120317 0 103817 0 95610 0 13442 0 1122584 0 64594 0 MATTHEW C JONES EVP & GENERAL COUNSEL 566055 0 96716 0 65098 0 71638 0 22479 0 821986 0 45093 0 PETER PAIGE MD EVP HOSP GEN DIRECTOR 0 670925 0 83728 0 5907 0 9900 0 22496 0 792956 0 0 JASON MOUZAKES MD EVP HOSP GEN DIRECTOR 0 730781 0 10000 0 18117 0 9900 0 22495 0 791293 0 0 STEVEN M PARNES MD BOARD MEMBER 0 731471 0 0 0 18575 0 9900 0 24991 0 784937 0 0 KRISTOPHER P KUSCHE SVP & CIO 452106 0 79400 0 9175 0 51917 0 24562 0 617160 0 0 0 VICTOR BECKER SVP & CHIO 442549 0 63824 0 2258 0 53795 0 4821 0 567247 0 0 0 SANDRA J CASTILLA VP HUMAN RESOURCES 336985 0 46841 0 3119 0 9900 0 25167 0 422012 0 0 0 SHELLY A BRETON VP REVENUE CYCLE SERVICES 349464 0 25000 0 2849 0 13200 0 10985 0 401498 0 0 0 NOEL C HOGAN SVP CORP COMPLIANCE 264875 0 35645 0 26741 0 25778 0 23002 0 376041 0 22995 0 VINCENT P VERDILE MD DEAN EMERITUS 0 10730 0 76160 0 60008 0 0 0 953 0 147851 0 60008 PART I, LINE 3 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. PART I, LINE 4B SUPPLEMENTAL EMPLOYEE RETIREMENT PLAN STARTED IN 2016 AND SEVERAL PERSONS LISTED IN FORM 990, PART VII, SECTION A, LINE 1A PARTICIPATED IN AND/OR RECEIVED PAYMENT FROM THE PLAN. THE FOLLOWING EMPLOYEES PARTICIPATED IN THE PLAN AND THE AMOUNTS LISTED BELOW ARE INCLUDED IN SCHEDULE J, PART II, COLUMN (C): DENNIS P. MCKENNA, PRESIDENT & CEO, $322,005 FRANCES S. ALBERT, SR.EVP COO & CFO, $82,410 ALAN S. BOULOS, EVP & DEAN ALBANY MEDICAL COLLEGE, $108,168 MATTHEW C. JONES, EVP & GENERAL COUNSEL, $61,738 NOEL C. HOGAN, SVP CORP COMPLIANCE, $25,778 KRISTOPHER P. KUSCHE, SVP & CIO, $38,718 VICTOR BECKER, SVP & CHIO, $43,895 THE FOLLOWING EMPLOYEES RECEIVED PAYMENT FROM THE PLAN AND THE AMOUNT LISTED BELOW IS INCLUDED IN SCHEDULE J, PART II, COLUMN B(III) AND WHERE APPLICABLE COLUMN (F): DENNIS P. MCKENNA, PRESIDENT & CEO, $55,021 FRANCES S. ALBERT, SR.EVP COO & CFO, $80,027 VINCENT P. VERDILE, DEAN EMERITUS, $60,008 MATTHEW C. JONES, EVP & GENERAL COUNSEL, $46,809 NOEL C. HOGAN, SVP CORP COMPLIANCE, $22,995 A CITY OF ALBANY CRC 2014A 273467899 999999999 2014-12-09 20000000 RENOVATIONS/CONSTRUCTION 0 0 0 B CITY OF ALBANY CRC 2014B 273467899 999999999 2014-12-09 5000000 RENOVATIONS/CONSTRUCTION 0 0 0 C CITY OF ALBANY CRC 2014A 273467899 999999999 2019-11-25 19929401 REFUND CITY OF ALBANY CRC 2014A 0 0 0 D CITY OF ALBANY CRC 2017A 273467899 999999999 2017-11-15 2625000 REFUND CITY OF ALBANY IDA 2006A 0 0 0 A 2976663 20000000 400000 19600000 2016 0 0 1 1 B 616236 5000000 5000000 2016 0 0 1 1 C 1582910 19929401 19929401 2019 1 1 1 1 D 2625000 2625000 2017 1 0 1 1 A 0 0 1 1 0 0 0 1 B 0 0 1 1 0 0 0 1 C 0 0 1 1 0 0 0 1 D 0 0 1 1 0 0 0 1 A 0 0 0 1 1 1 KEY BANK 25.000000000000 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 C 0 1 0 0 1 1 KEY BANK 26.600000000000 0 0 0 0 1 D 0 0 0 1 0 0 0 0 1 A 1 B 1 C 1 D 1 SCHEDULE K, PART I PART I, LINE C, COLUMN F - ISSUED 12/09/2014. PART I, LINE D, COLUMN F - ISSUED 5/03/2006. PART I, LINE A, COLUMN F - ISSUED 6/28/2007. 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 II, LINE 11, COLUMNS A-D - TOTAL PROCEEDS WERE USED TO REFUND THE PRIOR ISSUED BONDS REFERENCED IN PART 1 COLUMN F. PART III, LINE 3A, COLUMNS A-D - ALBANY MED HEALTH SYSTEM 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, COLUMNS A-B - REBATE CALCULATIONS PERFORMED ON 12/09/2019. PART IV, LINE 2C, COLUMNS D-A - REBATE CALCULATIONS PERFORMED ON 11/15/2022. A CITY OF ALBANY CRC 2017C 273467899 999999999 2017-11-15 1750000 REFUND CITY OF ALBANY IDA 2007A 0 0 0 A 950000 1750000 1750000 2017 1 0 1 1 A 0 0 1 1 0 0 0 1 A 0 0 0 1 1 1 BANK OF AMERICA 9.500000000000 0 0 0 0 1 A 1 FORM 990, PART III, LINE 1 AN ACADEMIC HEALTH SCIENCES SYSTEM 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 SYSTEM. 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. WE WILL BE A LEADER IN DEVELOPING AN INNOVATIVE HEALTH CARE DELIVERY SYSTEM AND EDUCATIONAL CONSORTIUM THAT RESPONDS TO THE NEEDS OF THE COMMUNITY. WE WILL SUSTAIN A WORKING AND LEARNING ENVIRONMENT THAT FOSTERS TEAMWORK AND COMMITMENT TO SHARE VALUES AND GOALS. THROUGH SOUND FISCAL MANAGEMENT, WE WILL BE ABLE TO ENHANCE OUR PROGRAMS TO BE ON THE FOREFRONT OF MEDICAL KNOWLEDGE AND INNOVATIVE PATIENT CARE. FORM 990, PART VI, SECTION B, LINE 11B 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, SECTION B, LINE 12C THE BOARD OF DIRECTORS OF THE ALBANY MED HEALTH SYSTEM ADOPTED A SYSTEM-WIDE CONFLICT OF INTEREST POLICY APPLICABLE TO ALL ENTITIES OVER WHICH THE ALBANY MED HEALTH SYSTEM, DIRECTLY OR INDIRECTLY, HAS DIRECTION AND CONTROL. ALL CANDIDATES FOR BOARD MEMBERSHIP AND BOARD COMMITTEE MEMBERSHIP RECEIVE A COPY OF THE ALBANY MED HEALTH SYSTEM CONFLICT OF INTEREST POLICY AND A LINK TO THE ELECTRONIC CONFLICT OF INTEREST QUESTIONNAIRE FOR COMPLETION. ACTUAL OR POTENTIAL CONFLICTS REPORTED ARE REVIEWED BY THE COMMITTEE ON AUDIT AND COMPLIANCE OF THE BOARD OF DIRECTORS AND APPROPRIATE ACTION IS TAKEN TO MITIGATE CONFLICTS. UPON HIRE, ALL EMPLOYEES RECEIVE COMPLIANCE EDUCATION 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 SYSTEM MANAGEMENT OF ANY POTENTIAL CONFLICTS IN ADDITION TO RESPONDING TO REQUEST FOR INFORMATION IF REQUESTED. PERSONS HOLDING SIGNIFICANT MANAGEMENT POSITIONS RECEIVE A LINK TO THE ELECTRONIC CONFLICT OF INTEREST QUESTIONNAIRE FOR COMPLETION. ANY CONFLICTS WHICH ARE REPORTED OR DISCOVERED ARE REVIEWED BY THE ALBANY MED HEALTH SYSTEM CORPORATE COMPLIANCE AND AUDIT DEPARTMENT AND APPROPRIATE ACTION IS TAKEN TO MITIGATE THE CONFLICT. EMPLOYEES WHO VIOLATE THE CONFLICT OF INTEREST POLICY ARE SUBJECT TO CORRECTIVE ACTION FOLLOWING THE AUTHORIZED ADMINISTRATIVE AND GOVERNANCE PROCESSES OF THE SYSTEM AND ITS AFFILIATES. FORM 990, PART VI, SECTION B, LINE 15 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, SECTION C, LINE 19 DOCUMENTS ARE MADE AVAILABLE UPON REQUEST. 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 MED HEALTH SYSTEM, ALBANY MEDICAL CENTER HOSPITAL, ALBANY MEDICAL COLLEGE, ALBANY MEDICAL CENTER FOUNDATION, CENTER FOR DONATION AND TRANSPLANT, KIDSKELLER INC., BETTER HEALTH FOR NORTHEAST NEW YORK INC., COLUMBIA MEMORIAL HOSPITAL, KAATERSKILL COMMONS INC., COLUMBIA MEMORIAL HEALTH FOUNDATION, THE SECOND SHOW INC., SARATOGA HOSPITAL, SARATOGA REGIONAL MEDICAL PC, SARATOGA CARE INC., HEALTHCARE PARTNERS OF SARATOGA LTD. (D/B/A MALTA MED EMERGENT CARE OR MMEC), GLENS FALLS HOSPITAL, GLENS FALLS HOSPITAL FOUNDATION, ALBANY VISITING NURSE HOME CARE SERVICES GROUP, INC., VISITING NURSE ASSOCIATION OF ALBANY, INC., AND VISITING NURSES FOUNDATION, INC. FORM 990, PART XI, LINE 9: FAIR VALUE OF INTEREST RATE SWAPS -690,010. PENSION RELATED CHANGES 155,617. PENSION ANNUITIZATION -603,932. ALBANY MEDICAL PART SOUTH I LLC 43 NEW SCOTLAND AVE ALBANY NY 12208 473716279 REAL ESTATE NY 0 0 ALBANY MED HEALTH SYSTEM ALBANY MED SUBS LLC 43 NEW SCOTLAND AVE ALBANY NY 12208 813575709 RESTAURANT NY -192863 0 ALBANY MED HEALTH SYSTEM ALBANY MEDICAL CENTER HOSPITAL 43 NEW SCOTLAND AVE ALBANY NY 12208 141338307 HOSPITAL SERVICES NY 501(C)(3) LINE 3 N/A 0 ALBANY MEDICAL COLLEGE 43 NEW SCOTLAND AVE ALBANY NY 12208 141338310 MEDICAL DEGREE PROGRAMS NY 501(C)(3) LINE 2 N/A 0 ALBANY MEDICAL CENTER FOUNDATION 43 NEW SCOTLAND AVE ALBANY NY 12208 146023119 FUNDRAISING NY 501(C)(3) LINE 7 N/A 0 ALBANY MEDICAL CENTER KIDSKELLER 43 NEW SCOTLAND AVE ALBANY NY 12208 222635792 EDUCATION DAY PROGRAM NY 501(C)(3) LINE 2 ALBANY MED HEALTH SYSTEM 1 CENTER FOR DONATION AND TRANSPLANT 218 GREAT OAKS BLVD ALBANY NY 12203 141820447 ORGAN AND TISSUE BANK NY 501(C)(3) LINE 12A, I ALBANY MEDICAL COLLEGE 0 BETTER HEALTH FOR NORTHEAST NEW YORK 43 NEW SCOTLAND AVE ALBANY NY 12208 811861104 DELIVERY SYSTEM REFORM INCENTIVE PAYMENT NY 501(C)(6) ALBANY MEDICAL CENTER HOSPITAL 0 COLUMBIA MEMORIAL HOSPITAL 71 PROSPECT AVE HUDSON NY 12534 141338373 HOSPITAL SERVICES NY 501(C)(3) LINE 3 N/A 0 KAATERSKILL COMMONC INC 163 JEFFERSON HEIGHTS CATSKILL NY 12414 205700964 LOW-INCOME HOUSING NY 501(C)(3) LINE 7 COLUMBIA MEMORIAL HOSPITAL 0 COLUMBIA MEMORIAL HEALTH FOUNDATION 71 PROSPECT AVE HUDSON NY 12534 141761112 FUNDRAISING NY 501(C)(3) LINE 10 COLUMBIA MEMORIAL HOSPITAL 0 THE SECOND SHOW INC 519 WARREN STREET HUDSON NY 12534 141796715 THRIFT SHOP NY 501(C)(3) LINE 7 COLUMBIA MEMORIAL HOSPITAL 0 SARATOGA HOSPITAL 211 CHURCH STREET SARATOGA SPRINGS NY 12866 141338547 HOSPITAL SERVICES NY 501(C)(3) LINE 3 N/A 0 SARATOGA REGIONAL MEDICAL PC 211 CHURCH STREET SARATOGA SPRINGS NY 12866 472468259 HEALTHCARE SERVICES NY 501(C)(3) LINE 3 SARATOGA HOSPITAL 0 SARATOGA CARE INC 211 CHURCH STREET SARATOGA SPRINGS NY 12866 141775218 PROMOTING HEALTH NY 501(C)(3) LINE 12B, II SARATOGA HOSPITAL 0 HEALTHCARE PARTNERS OF SARATOGA LTD 211 CHURCH STREET SARATOGA SPRINGS NY 12866 453303309 EMERGENT CARE NY 501(C)(3) LINE 3 N/A 0 GLENS FALLS HOSPITAL 100 PARK STREET GLENS FALLS NY 12801 141338413 HOSPITAL SERVICES NY 501(C)(3) LINE 3 N/A 0 GLENS FALLS MEDICAL PLLC 100 PARK STREET GLENS FALLS NY 12801 823943636 PHYSICIANS NY 501(C)(3) LINE 10 GLENS FALLS HOSPITAL 0 GLENS FALLS HOSPITAL FOUNDATION 100 PARK STREET GLENS FALLS NY 12801 141790805 FUNDRAISING NY 501(C)(3) LINE 10 GLENS FALLS HOSPITAL 0 ALBANY VISITING NURSE HOME CARE SERVICES INC 35 COLVIN AVENUE ALBANY NY 12206 222778949 SUPPORT NY 501(C)(3) LINE 12B, II N/A 0 VISITING NURSE ASSOCIATION OF ALBANY INC 35 COLVIN AVENUE ALBANY NY 12206 141340125 HOME HEALTH NY 501(C)(3) LINE 10 AVN HOME CARE SERVICES INC 0 VISITING NURSES FOUNDATION INC 35 COLVIN AVENUE ALBANY NY 12206 141653755 FUNDRAISING NY 501(C)(3) LINE 12C, III-FI AVN HOME CARE SERVICES INC 0 MADISON AVENUE SERVICES CORP 47 NEW SCOTLAND AVENU MC 116 ALBANY NY 12208 141665610 SERVICES - OTHER (INACTIVE) NY ALBANY MED HEALTH SYSTEM C 492 1.00000 1 0 0 1 0 0 0 0 0 0 1 1 1 0 0 0 1 1 1 1 ALBANY MEDICAL CENTER KIDSKELLER R 238696 BOOK VALUE