NASSAU COUNTY MEDICAL SOCIETY INC (EIN 111068640) - Form 990 Financial Analysis & Trantor Score

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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

1921

Legal Domicile

Principal Officer

DAVID PODWALL MD

Phone

5168322300

Tax Period

2023-01-01 to 2023-12-31

NASSAU COUNTY MEDICAL SOCIETY INC, founded in 1921, is a small nonprofit that reported $250K in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year. Expenses of $326K exceeded revenue, resulting in a 30% operating deficit.

Mission

THE ADVANCEMENT OF THE SCIENCE, ART AND PRACTICE OF MEDICINE.

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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 $187,308

Investment Income $43,638

Other Revenue $19,500

TOTAL REVENUE $250,446

Expense Breakdown

Grants Paid $0

Salaries & Benefits $150,903

Fundraising Expenses $0

Other Expenses $174,776

TOTAL EXPENSES $325,679

Year-over-Year Comparison

	2023	2022	Change
Revenue	$250,446	$276,936	-0.1%
Expenses	$325,679	$325,097	+0.0%
Net Income	$-75,233	$-48,161	+0.6%

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

Volunteers

N/A

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
DAVID PODWALL MD	President	0.50	Director	$0	$0	$0
ROBERT SCHREIBER MD	PRESIDENT ELECT	0.50	Officer Director	$0	$0	$0
CARMEN RODRIQUEZ	Treasurer	0.50	Officer Director	$0	$0	$0
JOEL PORTNOY MD	Vice President	0.50	Officer Director	$0	$0	$0
BERNADETTE RILEY MD	Secretary	0.50	Officer 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
2024	No data	No data	No data	No data
2023	$250,446	$325,679	$1,403,070	$-75,233
2022	$276,936	$325,097	$1,344,224	$-48,161
2021	$644,520	$226,735	$1,645,814	$417,785
2020	$215,052	$167,973	$1,436,338	$47,079
2019	$230,757	$322,361	$1,311,071	$-91,604
2018	$222,268	$301,116	$1,142,004	$-78,848
2018	$186,513	$319,664	$1,176,454	$-133,151

NASSAU COUNTY MEDICAL SOCIETY INC