INTERFAITH MEDICAL CENTER INC

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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

1984

Legal Domicile

Principal Officer

LARAY BROWN

Phone

7186134000

Tax Period

2020-01-01 to 2020-12-31

INTERFAITH MEDICAL CENTER INC, founded in 1984, is a major nonprofit that reported $238.8M in total revenue in fiscal year 2020. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

TO ESTABLISH, MAINTAIN AND OPERATE A MEDICAL CENTER AND RELATED HEALTH CARE FACILITIES, AS PART OF ONE BROOKLYN HEALTH SYSTEM, A HEALTH CARE SYSTEM COMPRISED OF HOSPITALS, LONG-TERM CARE FACILITIES, OUTPATIENT FACILITIES AND OTHER HEALTH CARE PROVIDERS IN BROOKLYN AND PROMOTE THE HEALTH AND WELL-BEING OF THE COMMUNITIES SERVED BY THE CORPORATION.

Program Service Accomplishments

Program 1

Expenses: $176,088,476 Revenue: $145,523,778

THE TOP THREE SERVICE LINES ARE BEHAVIORAL HEALTH, MEDICAL SURGICAL AND AMBULATORY CARE. BEHAVIORAL HEALTH INCLUDES PSYCHIATRY, ALCOHOL DETOX, AND DRUG REHABILITATION. IN 2020, PSYCHIATRY DISCHARGES WERE 1,728; ALCOHOL DETOX DISCHARGES WERE 843; DRUG REHAB DISCHARGES WERE 238. THE VOLUME TREND FOR THESE SERVICE AREAS IS NEGATIVE COMPARED TO BUDGET. MEDICAL SURGICAL DISCHARGES WERE 4,354 WHICH IS APPROXIMATELY -.14% LESS THAN BUDGETED AND THE AVERAGE LENGTH OF STAY OF PATIENTS IS LOWER THAN BUDGET (6.8 DAYS VERSUS 6.0 DAYS). THE TOTAL NUMBER OF AMBULATORY CARE VISITS WERE 89,374.

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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 (2020)

Revenue Breakdown

Contributions & Grants $90,134,289

Program Service Revenue $144,852,580

Investment Income $2,572,390

Other Revenue $1,248,410

TOTAL REVENUE $238,807,669

Expense Breakdown

Grants Paid $0

Salaries & Benefits $151,886,240

Fundraising Expenses $0

Program Expenses $176,088,476

Other Expenses $79,774,278

TOTAL EXPENSES $231,660,518

Year-over-Year Comparison

	2020	2019	Change
Revenue	$238,807,669	$214,325,491	+0.1%
Expenses	$231,660,518	$225,000,710	+0.0%
Net Income	$7,147,151	$-10,675,219	-1.7%

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

1774

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

$1,899,892

Total Directors

Key Employees

$2,948,144

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALEX ROVT	CHAIRMAN	0.05	Officer Director	$0	$0	$0
ANTHONY CLEMENZA	TRUSTEE	0.05	Director	$0	$0	$0
BISHOP HUGH NELSON	TRUSTEE	0.05	Director	$0	$0	$0
DR JOSEPH CUIFFO	TRUSTEE	0.05	Director	$0	$0	$0
DR K TORIAN EASTERLING	TRUSTEE	0.05	Director	$0	$0	$0
DR SOFIA NOVAK	TRUSTEE	0.05	Director	$0	$0	$0
EDNA WELLS-HANDY	TRUSTEE	0.05	Director	$0	$0	$0
HENNA WHITE	SECRETARY/TREASURER	0.05	Officer Director	$0	$0	$0
HOPE MASON	TRUSTEE	0.05	Director	$0	$0	$0
MARK SHELTON	TRUSTEE	0.05	Director	$0	$0	$0
MAURICE A REID	TRUSTEE	0.05	Director	$0	$0	$0
MICHAEL IRWIN	TRUSTEE	0.05	Director	$0	$0	$0
MICHAEL NAIRNE	TRUSTEE	0.05	Director	$0	$0	$0
MICHAEL SCAGNELLI	TRUSTEE	0.05	Director	$0	$0	$0
NUSIN SHTERN	TRUSTEE	0.05	Director	$0	$0	$0
RABBI ARYEH KATZIN	TRUSTEE	0.05	Director	$0	$0	$0
REV ROBERT WATERMAN	VICE-CHAIRMAN	0.05	Officer Director	$0	$0	$0
RICHARD E GREEN	TRUSTEE	0.05	Director	$0	$0	$0
VICTOR AYALA	TRUSTEE	0.05	Director	$0	$0	$0
DR GARY STEPHENS	INTERIM CMO/SVP, MEDICAL AFFAIR	40.00	Officer	$107,080	$4,308	$595,542
LARAY BROWN	CEO OBHS & PRESIDENT & CEO	40.00	Officer	$1,301,015	$3,335	$1,304,350
ANGELA MURDOCK-RIDLEY	VP, DEPUTY CFO	40.00	Key Emp	$289,065	$4,172	$293,237
CHARLIE BOVE	COO	40.00	Key Emp	$404,162	$45,818	$449,980
DONA GREEN	SVP, STRATEGIC DEVELOPMENT	40.00	Key Emp	$455,095	$16,152	$471,247
FRANCESCA TINTI	SVP, HUMAN RESOURCES	40.00	Key Emp	$239,447	$39,442	$278,889
KAREN CAREY	SVP, CHIEF COMPLIANCE OFFICE	40.00	Key Emp	$274,034	$19,980	$294,014
MICHAEL PIRO	CIO	40.00	Key Emp	$226,853	$990	$227,843
PRISSANA ALSTON	SVP, CHIEF NURSING OFFICER	40.00	Key Emp	$338,836	$27,698	$366,534
STEVEN DELUCA	SVP, CHIEF RISK OFFICER	40.00	Key Emp	$551,313	$15,087	$566,400
JEFFREY CHEUNG	INTERIM CHAIR, ED	40.00	Highest	$447,072	$40,903	$487,975
JONATHAN WASSERMANN	ASSOCIATE CHAIRPERSON, MED	40.00	Highest	$432,145	$48,518	$480,663
KATHLEEN EDOUARD	ATTENDING PHYSICIAN	36.00	Highest	$434,088	$14,754	$448,842
LEON VALBRUN	CHIEF, INPATIENT PSYCHIATRY	40.00	Highest	$388,291	$27,940	$416,231
MARIE SCHMIDT	CHIEF, PULMONARY DISEASE	40.00	Highest	$592,320	$31,803	$624,123

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
2020	$238,807,669	$231,660,518	$163,500,437	$7,147,151
2019	$214,325,491	$225,000,710	$107,692,099	$-10,675,219
2018	$223,999,469	$243,626,207	$86,231,777	$-19,626,738