NASSAU ACADEMY OF MEDICINE (EIN 111805713) - 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

1965

Legal Domicile

Phone

5168322300

Tax Period

2023-01-01 to 2023-12-31

NASSAU ACADEMY OF MEDICINE, founded in 1965, is a small nonprofit in the Education sector that reported $190K in total revenue in fiscal year 2023. Expenses of $248K exceeded revenue, resulting in a 30% operating deficit.

Mission

TO PROVIDE ADVANCED MEDICAL TRAINING, AS WELL AS MAINTAIN A MEDICAL LIBRARY FOR MEMBERS OF THE MEDICAL PROFESSION OF NASSAU COUNTY.

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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 $55,060

Program Service Revenue $0

Investment Income $135,332

Other Revenue $0

TOTAL REVENUE $190,392

Expense Breakdown

Grants Paid $0

Salaries & Benefits $74,684

Fundraising Expenses $0

Program Expenses $66,695

Other Expenses $173,324

TOTAL EXPENSES $248,008

Year-over-Year Comparison

	2023	2022	Change
Revenue	$190,392	$-193,685	-2.0%
Expenses	$248,008	$210,801	+0.2%
Net Income	$-57,616	$-404,486	-0.9%

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	Role	Reportable Comp	Other Comp	Total
DAVID PODWALL MD	Secretary	Officer Director	$0	$0	$0
ELLEN BRAUNSTEIN MD	1ST VP	Officer Director	$0	$0	$0
SUSAN ZWANGER MENDELSOHN MD	President	Officer Director	$0	$0	$0
ROBERT SCHREIBER MD	Trustee	Director	$0	$0	$0
RONALD B MENZIN MD	2ND VP	Officer Director	$0	$0	$0
BERNADETTE RILEY MD	Trustee	Director	$0	$0	$0
JOEL PORTNOY MD	Trustee	Director	$0	$0	$0
MICHAEL ZIEGELBAUM MD	Treasurer	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	$190,392	$248,008	$6,071,925	$-57,616
2022	$-193,685	$210,801	$5,662,551	$-404,486
2021	$204,140	$163,461	$6,686,714	$40,679
2020	$5,959,560	$164,293	$6,749,851	$5,795,267
2019	$125,208	$116,399	$940,336	$8,809
2018	$97,275	$85,369	$694,665	$11,906
2018	$303,069	$109,661	$889,257	$193,408

NASSAU ACADEMY OF MEDICINE