NEW HAVEN COUNTY MEDICAL ASSOCIATI… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1950

Legal Domicile

Principal Officer

STEVEN SAUNDERS

Phone

8603652400

Tax Period

2023-01-01 to 2023-12-31

NEW HAVEN COUNTY MEDICAL ASSOCIATION INC, founded in 1950, is a small nonprofit that reported $252K in total revenue in fiscal year 2023. Revenue surged 37% from the prior year, signaling strong growth momentum.

Mission

THE ASSOCIATION WORKS TO BRING TOGETHER INTO ONE ORGANIZATION THE PHYSICIANS OF NEW HAVEN COUNTY, TO INCREASE THEIR SCIENTIFIC KNOWLEDGE, AND TO MAKE RELEVANT INFORMATION AVAILABLE TO PATIENTS AND COLLEAGUES; ESTABLISH LINES OF COMMUNICATION WITH THE PUBLIC AND APPROPRIATE HEALTH AGENCIES REGARDING HEALTH SERVICES AND TO FOSTER PROGRAMS AND SERVICES NECESSARY TO IMPROVE THE QUALITY AND AVAILABILITY OF HEALTH CARE; PROMOTE THE WELFARE OF ITS MEMBERSHIP; AND SUPPORT THE HIGHEST ETHICAL AND CLINICAL STANDARDS OF PROFESSIONAL PRACTICE IN MEDICINE.

Program Service Accomplishments

Program 1

THE ASSOCIATION TYPICALLY HOLDS TWO MEETINGS PER YEAR, PROVIDING MEMBERS WITH EDUCATIONAL AND NETWORKING OPPORTUNITIES WITH THEIR PEERS, AS WELL AS REGULAR COMMUNICATIONS REGARDING NEWS AND...

THE ASSOCIATION TYPICALLY HOLDS TWO MEETINGS PER YEAR, PROVIDING MEMBERS WITH EDUCATIONAL AND NETWORKING OPPORTUNITIES WITH THEIR PEERS, AS WELL AS REGULAR COMMUNICATIONS REGARDING NEWS AND INFORMATION THAT CAN BE USED AT THEIR PRACTICES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $119,360

Investment Income $2,975

Other Revenue $129,387

TOTAL REVENUE $251,722

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $254,331

TOTAL EXPENSES $254,331

Year-over-Year Comparison

	2023	2022	Change
Revenue	$251,722	$183,975	+0.4%
Expenses	$254,331	$185,004	+0.4%
Net Income	$-2,609	$-1,029	+1.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVEN SAUNDERS MD MBA FACP	PRESIDENT	1.00	Officer Director	$0	$0	$0
G DAVIS GAMMON MD	PRESIDENT-ELECT	1.00	Officer Director	$0	$0	$0
LYDIA AOUN BARAKATMD	VICE-PRESIDENT	1.00	Officer Director	$0	$0	$0
ELSA L STONE MD	TREASURER	1.00	Officer Director	$0	$0	$0
MARIA STACK MD	SECRETARY	1.00	Officer Director	$0	$0	$0
MATTHEW ELLMAN MD	IMMEDIATE PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
EMILY NOLFO MD	COUNCILOR	1.00	Officer Director	$0	$0	$0
DEBORAH DYETT DESIR MD	ASSOCIATE COUNCILOR	1.00	Officer Director	$0	$0	$0
BRIAN KEYES MD	ASSOCIATE COUNCILOR	1.00	Officer Director	$0	$0	$0
JAY SOKOLOW MD	PAST PRESIDENT AT-LARGE	1.00	Director	$0	$0	$0
STEVE WOLFSON	PAST PRESIDENT AT-LARGE	1.00	Director	$0	$0	$0
JOSHUA COPEL MD	EXECUTIVE COMMITTEE MEMBER AT-LARGE	1.00	Director	$0	$0	$0
LISA FREED MD	EXECUTIVE COMMITTEE MEMBER AT-LARGE	1.00	Director	$0	$0	$0
FARID JADBABAIE MD	EXECUTIVE COMMITTEE MEMBER AT-LARGE	1.00	Director	$0	$0	$0
KATHERINE KIKI KENNEDY MD	EXECUTIVE COMMITTEE MEMBER AT-LARGE	1.00	Director	$0	$0	$0
ANDREA NEEDLEMAN MD	EXECUTIVE COMMITTEE MEMBER AT-LARGE	1.00	Director	$0	$0	$0
G DAVIS GAMMON MD	DIRECTOR - BOARD OF GOVERNORS	1.00	Director	$0	$0	$0
HAMID MOJIBIAN MD	DIRECTOR - BOARD OF GOVERNORS	1.00	Director	$0	$0	$0
SANDIP MUKHERJEE MD	DIRECTOR - BOARD OF GOVERNORS	1.00	Director	$0	$0	$0
ELENA RATNER MD	DIRECTOR - BOARD OF GOVERNORS	1.00	Director	$0	$0	$0
RON VENDER MD	DIRECTOR - BOARD OF GOVERNORS	1.00	Director	$0	$0	$0
NAMITA WIJESEKERA MD	DIRECTOR - BOARD OF GOVERNORS	1.00	Director	$0	$0	$0
ADAM MAYERSON	DIRECTOR - BOARD OF GOVERNORS	1.00	Director	$0	$0	$0
DAVID HASS MD	IMMEDIATE PAST PRESIDENT CSMS	1.00	Director	$0	$0	$0
RON ADELMAN MD	PAST PRESIDENT CSMS	1.00	Director	$0	$0	$0
STEVEN THORNQUIST MD	AMA DELEGATE	1.00	Director	$0	$0	$0
MICHAEL VIRATA MD	ALTERNATE AMA DELEGATE	1.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$251,722	$254,331	$452,684	$-2,609
2022	$183,975	$185,004	$434,124	$-1,029
2021	$195,419	$156,605	$480,446	$38,814
2020	$197,325	$153,007	$427,966	$44,318
2019	$189,816	$244,654	$349,508	$-54,838
2018	$219,414	$182,406	$404,346	$37,008
2017	$291,899	$204,286	$372,279	$87,613

NEW HAVEN COUNTY MEDICAL ASSOCIATION INC