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New York · Nonprofit

WMC-New York Inc

WMC-New York Inc (New York) receives grants from 1 organization whose IRS filings report $50,000 to it, the largest being Leon Lowenstein Foundation Inc ($50,000). 0 of them have funded it in more than one year.

Revenue FY2024
$138M
Funders on record
1
Grants received
$50k
Net assets
$-7430149
0/1 repeat funderspeak grant-dependency 0%
01What it does

What WMC-New York Inc does

Mission

Wmc new york, inc. Shall at all times be operated exclusively for charitable, scientific, and educational purposes within the meaning of section 170(c)(2)(b) and 501(c)(3) of the code, and for the purpose of engaging in various activities that further, support, benefit or carry out the purposes, missions, objectives, operations, and activities of 1) wchcc, which includes, westchester medical center, the behavioral health center at westchester, maria fareri children's hospital, and midhudson regional hospital, and 2) westchester medical center foundation, inc., a new york not-for-profit corporation, including, without limitation, for the purpose of serving as a holding corporation for one or more other for-profit and not-for-profit corporations, including specifically, a not-for-profit captive insurance corporation that operates for the purpose of accumulating, holding, and otherwise serving as an insurance company to be used to satisfy professional liability claims and other claims.

As stated on its FY2024 Form 990.

Program

  1. Wmc new york, inc. (wmc ny)'s purpose is to engage in various activities that further, support, benefit or carry out the purposes, missions, objectives, operations and activities of westchester medical center, which includes westchester medical center, maria fareri children's hospital, the behavioral health center at westchester, and such other hospitals and health care facilities as may be established or to otherwise become part of westchester medical center in the future, and westchester medical center foundation, inc., a new york not-for-profit corporation. In addition, wmc ny is the holder of 100% of the membership shares in wchcc (bermuda), limited, a bermuda insurance company formed to serve as an off-shore captive insurance company for westchester county health care corporation (wchcc). Wmc ny is also the sole member of mid-hudson valley staffco, llc, a professional employer organization. Wmc ny is also the sole member of hudson valley property holdings llc. Wmc ny is also the sole member of center for regional healthcare innovation llc, which serves as a centralized services provider to the performing provider system being established by wchcc to serve as a center to…

    $130,686,081 spentof which $950,555 as grants$138,560,831 earned by the program
    100% of program spending

The program described on its FY2024 Form 990. Program spending in total: $130,686,081.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($164M) Expenses 100 ($163M)2018 Revenue 98 ($160M) Expenses 99 ($161M)2019 Revenue 91 ($149M) Expenses 91 ($149M)2020 Revenue 86 ($140M) Expenses 86 ($140M)2021 Revenue 78 ($127M) Expenses 77 ($126M)2022 Revenue 69 ($112M) Expenses 69 ($112M)2023 Revenue 76 ($125M) Expenses 76 ($124M)2024 Revenue 85 ($138M) Expenses 84 ($138M)
'17'18'19'20'21'22'23'24
Revenue (85)Expenses (84)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2020 to 2021, from $41M to $75M (+86%).

$42M
$45M
$35M
$41M
$75M
$43M
$34M
$33M
'17'18'19'20'21'22'23'24
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
2024
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2017 0% · 2018 0% · 2019 0% · 2020 1% · 2022 0%. Grants only. Government contracts and fees sit inside program revenue.

0% of WMC-New York Inc’s revenue is contributions — more earned-revenue than three-quarters of its peers (1% for the typical peer).

This organization
Typical peer · 2,211 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 2 of the last 8 reported years ran a deficit.

$353k
’17
−$688k
’18
−$388k
’19
$435k
’20
$957k
’21
$579k
’22
$604k
’23
$856k
’24
0.1
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Chief executive

John Morgan

Executive director

Board chair

Mark Tulis

Chair

As listed on its FY2024 Form 990.

201720182019202020212024
Listed121212121211
Joined·+4+1+5+2·
No longer listed·4152·
03Who funds it

Who funds it, year by year

Grant support over time, funder by funder — shade shows the grant size each year.

Funder
'20
total
funders
1

From the IRS filings of WMC-New York Inc’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

Where its funders are

WMC-New York Inc draws 100% of its grant income from funders outside New York, across 1 state in all.

CT

Funder states come from each funder’s own filing. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

WMC-New York Inc's revenue fell 15% between 2017 and 2024.

Operating margin1% · below the median
Months of reserve0.1mo · below the median
Revenue growth (annualized)−2% · bottom quartile

this organization peer median middle 50% of peers· 2,075 health nonprofits over $100M, FY2024

Organizations like WMC-New York Inc

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In New York

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

95% of spending goes to programs.

Program 95%Management 5%Fundraising 0%

Governance

5
board members
40%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990✓Audited financials

Footprint & structure

Files a return copy in 1 state

NY

Part of a family of 28 related entities

  • Mid-Hudson Valley Staffco LLC · disregarded
  • Center for Regional Healthcare Innovation · disregarded
  • Hudson Valley Property Holdings · disregarded
  • Wmc Health Network - Rockland Inc · exempt
  • Wmc Health Network - Ulster Inc · exempt

Screen this organization

A dated, signed PDF of the compliance screen for WMC-New York Inc: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds WMC-New York Inc?
WMC-New York Inc (New York) receives grants from 1 organization whose IRS filings report $50,000 to it, the largest being Leon Lowenstein Foundation Inc ($50,000). 0 of them have funded it in more than one year.
How many funders does WMC-New York Inc have?
IRS filings report 1 organization giving $50,000 in grants to WMC-New York Inc.
Who is the largest funder of WMC-New York Inc?
Leon Lowenstein Foundation Inc is the largest funder on record, with $50,000 in grants. The full list of funders is on this page.
How can an organization like WMC-New York Inc find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in New York. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 1 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing