BROOKLYN PLAZA MEDICAL CENTER (EIN 112467268) - 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

1978

Legal Domicile

Principal Officer

PHILIP ONORATO

Phone

7185969800

Tax Period

2023-01-01 to 2023-12-31

BROOKLYN PLAZA MEDICAL CENTER, founded in 1978, is a mid-sized nonprofit that reported $13.8M in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $12.2M left a modest 12% surplus.

Mission

BROOKLYN PLAZA MEDICAL CENTER, INC. IS DEDICATED TO IMPROVING THE PHYSICAL, SPIRITUAL, PSYCHO-SOCIAL AND PSYCHOLOGICAL WELL BEING OF RESIDENTS OF NORTH CENTRAL BROOKLYN BY PROVIDING THE HIGHEST QUALITY PREVENTIVE COMPREHENSIVE FAMILY HEALTH SERVICES WITH PARTICULAR CONCERN FOR LOWER SOCIO-ECONOMIC GROUPS.

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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 $8,607,521

Program Service Revenue $5,220,048

Investment Income $195

Other Revenue $8,402

TOTAL REVENUE $13,836,166

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,170,804

Fundraising Expenses $0

Program Expenses $9,850,781

Other Expenses $5,045,040

TOTAL EXPENSES $12,215,844

Year-over-Year Comparison

	2023	2022	Change
Revenue	$13,836,166	$11,778,222	+0.2%
Expenses	$12,215,844	$13,687,352	-0.1%
Net Income	$1,620,322	$-1,909,130	-1.8%

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

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

$478,340

Total Directors

Key Employees

$248,689

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ESTEEN Y LADSON BARNES	BOARD MEMBER	1.00	Director	$0	$0	$0
GEORGE WONG	BOARD MEMBER	1.00	Director	$0	$0	$0
GILBERT MCGARVEY	VICE CHAIRPERSON (DECEASED 10/2023)	1.00	Officer Director	$0	$0	$0
JOHN CHANEY	TREASURER	1.00	Officer Director	$0	$0	$0
MARILYN TUCKER	BOARD MEMBER	1.00	Director	$0	$0	$0
NICOLE MOORE	BOARD MEMBER	1.00	Director	$0	$0	$0
RONALDO PAGON	BOARD MEMBER	1.00	Director	$0	$0	$0
SHIRLEY LUCK	SECRETARY	1.00	Officer Director	$0	$0	$0
STEVENSON DUNN III	BOARD MEMBER	1.00	Director	$0	$0	$0
THERESA HOLMES-SIMMONS	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
DANIEL DESIRE	CFO	40.00	Officer	$197,000	$0	$197,000
PHILIP ONORATO	EXECUTIVE DIRECTOR	40.00	Officer	$272,275	$9,065	$281,340
PASCALE KERSAINT	CHIEF MEDICAL OFFICER	40.00	Key Emp	$230,896	$17,793	$248,689
JOSEPHE MYRIAM	NURSE PRACTITIONER	40.00	Highest	$132,456	$9,065	$141,521
MAGARET NEWSAM	PHYSICAN	40.00	Highest	$211,366	$17,793	$229,159
SIDDHARTH PANDYA	PHYSICAN	40.00	Highest	$217,665	$20,058	$237,723
CALEB TERRY	CCO	40.00	Highest	$129,497	$3,003	$132,500
WILLIAM RAPPORT	PHYSICAN	40.00	Highest	$236,201	$17,793	$253,994

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	$13,836,166	$12,215,844	$31,204,161	$1,620,322
2022	$11,778,222	$13,687,352	$22,851,967	$-1,909,130
2021	$12,537,663	$12,465,740	$4,104,918	$71,923
2020	$11,960,535	$11,418,233	$3,175,911	$542,302
2019	$11,599,991	$12,823,480	$1,463,896	$-1,223,489
2019	$12,996,564	$12,999,868	$2,736,552	$-3,304
2018	$13,167,827	$13,236,751	$2,051,319	$-68,924

BROOKLYN PLAZA MEDICAL CENTER