The New York Community Hospital of Brooklyn Inc (EIN 111986351) - 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

1947

Legal Domicile

Phone

7186925300

Tax Period

2023-01-01 to 2023-12-31

The New York Community Hospital of Brooklyn Inc, founded in 1947, is a major nonprofit in the Health Care sector that reported $124.4M in total revenue in fiscal year 2023. Expenses of $149.4M exceeded revenue, resulting in a 20% operating deficit.

Mission

MAIMONIDES MIDWOOD COMMUNITY HOSPITAL IS COMMITTED TO PROVIDING QUALITY CARE WITH COMPASSION AND DIGNITY TO ALL PATIENTS AND TO THE COMMUNITY.

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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 $1,819,656

Program Service Revenue $120,650,772

Investment Income $524,756

Other Revenue $1,433,098

TOTAL REVENUE $124,428,282

Expense Breakdown

Grants Paid $0

Salaries & Benefits $93,508,328

Fundraising Expenses $0

Program Expenses $141,503,801

Other Expenses $55,875,941

TOTAL EXPENSES $149,384,269

Year-over-Year Comparison

	2023	2022	Change
Revenue	$124,428,282	$119,632,484	+0.0%
Expenses	$149,384,269	$130,317,548	+0.1%
Net Income	$-24,955,987	$-10,685,064	+1.3%

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

955

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

$4,778,686

Total Directors

$2,891,284

Key Employees

$3,078,572

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	PRESIDENT AND CEO	57.5	Officer Director	$555,486	$55,520	$611,006
N/A	BOARD CHAIR	0.1	Officer Director	$0	$0	$0
N/A	SECRETARY	0.1	Officer Director	$0	$0	$0
N/A	PRESIDENT AND CEO	2.5	Officer Director	$0	$54,486	$1,866,979
N/A	TREASURER	0.1	Officer Director	$0	$0	$0
N/A	TRUSTEE	0.1	Director	$0	$0	$0
N/A	VICE CHAIR	0.1	Director	$0	$0	$0
N/A	TRUSTEE (through 6/23)	0.1	Director	$0	$0	$0
N/A	TRUSTEE	0.1	Director	$0	$0	$0
N/A	TRUSTEE	0.1	Director	$0	$0	$0
N/A	TRUSTEE	0.1	Director	$0	$0	$0
N/A	TRUSTEE	0.1	Director	$0	$0	$0
N/A	TRUSTEE	0.1	Director	$0	$0	$0
N/A	TRUSTEE	0.1	Director	$0	$0	$0
N/A	VICE CHAIR	0.1	Director	$0	$0	$0
N/A	TRUSTEE	0.1	Director	$0	$0	$0
N/A	TRUSTEE	0.1	Director	$0	$0	$0
N/A	TRUSTEE (through 5/23)	0.1	Director	$0	$0	$0
N/A	TRUSTEE (Through 6/23)	0.1	Director	$0	$0	$0
N/A	TRUSTEE (through 3/23)	0.1	Director	$0	$0	$0
N/A	TRUSTEE	0.1	Director	$0	$0	$0
N/A	TRUSTEE	0.1	Director	$0	$0	$0
N/A	TRUSTEE	0.1	Director	$0	$0	$0
N/A	TRUSTEE	0.1	Director	$0	$0	$0
N/A	TRUSTEE	0.1	Director	$0	$0	$0
N/A	TRUSTEE	0.1	Director	$0	$0	$0
N/A	MEDICAL STAFF PRESIDENT	1.0	Director	$0	$62,161	$413,299
N/A	TRUSTEE	0.1	Director	$0	$0	$0
N/A	VICE CHAIR	0.1	Director	$0	$0	$0
N/A	TRUSTEE (through 8/23)	0.1	Director	$0	$0	$0
N/A	TRUSTEE	0.1	Director	$0	$0	$0
N/A	TRUSTEE (through 9/23)	0.1	Director	$0	$0	$0
N/A	TRUSTEE	0.1	Director	$0	$0	$0
N/A	EVP/CHIEF LEGAL OFFICER, ASSISTANT SECRETARY	2.5	Officer	$0	$54,489	$1,313,346
N/A	EVP/CFO, ASST TREASURER	2.5	Officer	$0	$64,576	$987,355
N/A	CHIEF NURSING OFFICER	60.0	Key Emp	$266,248	$30,560	$296,808
N/A	SR VICE PRESIDENT/COO	60.0	Key Emp	$334,774	$131,271	$466,045
N/A	CHIEF INFORMATION OFFICER	60.0	Key Emp	$294,126	$61,287	$355,413
N/A	EVP/COO	2.5	Key Emp	$0	$25,165	$780,454
N/A	CO-CHIEF MEDICAL OFFICER	60.0	Key Emp	$800,114	$19,986	$820,100
N/A	CHIEF ADMINISTRATIVE OFFICER	57.5	Key Emp	$340,863	$18,889	$359,752
N/A	PHYSICIAN	35.0	Highest	$346,574	$79,590	$426,164
N/A	MEDICAL DIRECTOR OF PATHOLOGY	35.0	Highest	$361,262	$75,459	$436,721
N/A	PHYSICIAN	35.0	Highest	$282,109	$41,252	$323,361
N/A	PHYSICIAN	35.0	Highest	$340,400	$84,379	$424,779
N/A	GENERAL SURGEON	35.0	Highest	$336,509	$36,462	$372,971
N/A	EVP & COO	N/A		$0	$0	$720,000

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	$124,428,282	$149,384,269	$87,759,449	$-24,955,987
2022	$119,632,484	$130,317,548	$82,260,057	$-10,685,064
2021	$143,740,583	$136,947,075	$101,696,668	$6,793,508
2020	$123,879,890	$124,063,907	$116,616,516	$-184,017
2019	$103,901,219	$109,694,672	$66,990,596	$-5,793,453
2018	$105,639,332	$108,492,702	$74,243,153	$-2,853,370

The New York Community Hospital of Brooklyn Inc