NEW YORK COLLEGE OF HEALTH PROFESSIONS (EIN 112705352) - 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

1981

Legal Domicile

Principal Officer

A LI SONG MD LAC

Phone

5163640808

Tax Period

2023-01-01 to 2023-12-31

NEW YORK COLLEGE OF HEALTH PROFESSIONS, founded in 1981, is a community nonprofit that reported $2.7M in total revenue in fiscal year 2023. Revenue fell 47% from the prior year — a significant decline worth monitoring. Net assets of $13.0M represent 57 months of operating reserves.

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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 $382,372

Program Service Revenue $1,576,725

Investment Income $0

Other Revenue $751,577

TOTAL REVENUE $2,710,674

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,322,878

Fundraising Expenses $0

Program Expenses $2,235,841

Other Expenses $1,361,846

TOTAL EXPENSES $2,684,724

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,710,674	$5,083,380	-0.5%
Expenses	$2,684,724	$4,958,327	-0.5%
Net Income	$25,950	$125,053	-0.8%

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

$340,091

Total Directors

$210,600

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
A LI SONG MD LAC	PRESIDENT	35.00	Officer Director	$179,500	$31,100	$210,600
ERROL VIRASAWMI	CFO	20.00	Officer	$113,280	$16,211	$129,491
KING V CHEEK	CHAIRMAN	10.00	Officer Director	$0	$0	$0
SAMUEL LEHRFELD	BOARD MEMBER	1.00	Officer Director	$0	$0	$0
XIPENG LI MBA	BOARD MEMBER	1.00	Officer Director	$0	$0	$0
RUMEI YUAN MS PHD MD	BOARD MEMBER	1.00	Officer Director	$0	$0	$0
RONGMEI XU MS	BOARD MEMBER	1.00	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	$2,710,674	$2,684,724	$16,323,600	$25,950
2022	$5,083,380	$4,958,327	$13,411,901	$125,053
2021	$7,322,070	$6,504,317	$13,423,184	$817,753
2020	$7,031,176	$6,395,098	$14,259,085	$636,078
2019	$7,481,791	$7,253,619	$15,032,398	$228,172
2018	$7,373,789	$45,412,163	$15,089,380	$-38,038,374

NEW YORK COLLEGE OF HEALTH PROFESSIONS