ACADEMY OF MEDICINE OF QUEENS COUNTY INC

EIN: 112382681 501(c)(3) Education

FOREST HILLS, NY

Total Revenue
$262,421
Total Expenses
$216,605
Total Assets
$1,845,389
Net Assets
$863,589
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1970
Legal Domicile
NY
Phone
7182687300
Tax Period
2024-01-01 to 2024-12-31

ACADEMY OF MEDICINE OF QUEENS COUNTY INC, founded in 1970, is a small nonprofit in the Education sector that reported $262K in total revenue in fiscal year 2024. Revenue surged 58% from the prior year, signaling strong growth momentum. The organization ran a surplus of $46K, a strong 17% operating margin.

Mission

TO ESTABLISH CONDUCT, OPERATE AND MAINTAIN AN ACADEMY OF MEDICINE. TO PROMOTE CONTINUING MEDICAL EXAMINATION AND TRAINING IN PRACTIVE TO DOCTORS, NURSES AND OTHER RELATED MEDICAL PROFESSIONALS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $24,115
Other Revenue $238,306
TOTAL REVENUE $262,421

Expense Breakdown

Grants Paid $0
Salaries & Benefits $30,160
Fundraising Expenses $0
Program Expenses $166,605
Other Expenses $186,445
TOTAL EXPENSES $216,605

Year-over-Year Comparison

2024 2023 Change
Revenue $262,421 $166,205 +0.6%
Expenses $216,605 $148,048 +0.5%
Net Income $45,816 $18,157 +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

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Governance

Voting Members
11
Independent Members
9
Employees
4
Volunteers
9

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
1
$126,543
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Amelia M Soto Executive Dir. 30.00
Officer
$126,543 $0 $126,543
David A Fishman MD Trustee 1.00
Director
$0 $0 $0
Ayman Z Attia-Alla MD President 1.00
Director
$0 $0 $0
Michael L Richter MD Chairman 1.00
Director
$0 $0 $0
David Vilabrera MD President 1.00
Director
$0 $0 $0
James E Satterfield MD Secretary 1.00
Director
$0 $0 $0
Lorriane M Giordano MD Trustee 1.00
Director
$0 $0 $0
Liana H Leung MD Trustee 1.00
Director
$0 $0 $0
Penny Stern MD Trustee 1.00
Director
$0 $0 $0
L Carlos Zapata MD Trustee 1.00
Director
$0 $0 $0
Saulius Skeivys MD Trustee 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
2024 $262,421 $216,605 $1,845,389 $45,816
2023 $166,205 $148,048 $1,850,459 $18,157
2023 $98,624 No data $1,905,508 No data
2022 $64,681 $169,001 $1,845,359 $-104,320
2021 $441,830 $203,289 $1,946,844 $238,541
2020 $433,362 $280,976 $1,732,761 $152,386
2019 $440,680 $317,195 $1,601,430 $123,485
2018 $396,475 $305,367 $1,437,519 $91,108
2018 $396,475 $305,367 $1,437,519 $91,108
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