PARK SLOPE MEDICAL SERVICE PC

EIN: 112843882 501(c)(3) Health Care

Brooklyn, NY

Total Revenue
$4,748,336
Total Expenses
$5,178,314
Total Assets
$2,658,234
Net Assets
$-536,029
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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
1986
Legal Domicile
NY
Phone
2122975412
Tax Period
2021-01-01 to 2021-12-31

PARK SLOPE MEDICAL SERVICE PC, founded in 1986, is a community nonprofit in the Health Care sector that reported $4.7M in total revenue in fiscal year 2021. Revenue fell 68% from the prior year — a significant decline worth monitoring.

Mission

TO PROVIDE MEDICAL SERVICES IN AREA OF EKG AND CARDIOLOGY AND EEG HEALTH CARE SERVICES TO PATIENTS WITHOUT REGARD TO AGE, SEX, RACE, CREED, NATIONAL ORIGIN OR DISABILITY.

Program Service Accomplishments

Program 1
Expenses: $4,997,738 Revenue: $4,290,262

TO PROVIDE EXCELLENT CARDIOLOGY HEALTH CARE SERVICES TO PATIENTS WITHOUT REGARD TO AGE, SEX, RACE, CREED, NATIONAL ORIGIN OR DISABILITY. DURING 2021, THE TOTAL PATIENT VISITS WERE 24,538. THIS...

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TO PROVIDE EXCELLENT CARDIOLOGY HEALTH CARE SERVICES TO PATIENTS WITHOUT REGARD TO AGE, SEX, RACE, CREED, NATIONAL ORIGIN OR DISABILITY. DURING 2021, THE TOTAL PATIENT VISITS WERE 24,538. THIS INCLUDES ALL PAYER TYPES. AMONG THE TOTAL PATIENT VISITS, 4,994 WERE MEDICAID & MEDICAID HMO PATIENTS AND 12,523 WERE MEDICARE & MEDICARE HMO PATIENTS. THE ENTITY CEASED OPERATIONS 3/1/2021.

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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 (2021)

Revenue Breakdown

Contributions & Grants $45,198
Program Service Revenue $3,555,779
Investment Income $0
Other Revenue $1,147,359
TOTAL REVENUE $4,748,336

Expense Breakdown

Grants Paid $522,201
Salaries & Benefits $3,231,130
Fundraising Expenses $0
Program Expenses $4,997,738
Other Expenses $1,424,983
TOTAL EXPENSES $5,178,314

Year-over-Year Comparison

2021 2020 Change
Revenue $4,748,336 $14,634,118 -0.7%
Expenses $5,178,314 $15,329,614 -0.7%
Net Income $-429,978 $-695,496 -0.4%
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
1
Independent Members
N/A
Employees
N/A
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
$217,857
Total Directors
1
$217,857
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A PRESIDENT 1.0
Officer Director
$0 $18,985 $217,857
N/A ATTENDING PHYSICIAN 11.0
Highest
$0 $61,182 $1,397,509
N/A ELECTROPHYSIOLOGIST 9.5
Highest
$0 $25,787 $1,204,045
N/A ATTENDING PHYSICIAN 7.0
Highest
$0 $34,154 $1,497,373
N/A ATTENDING PHYSICIAN 12.0
Highest
$0 $51,647 $983,292
N/A CHIEF CARDIOLOGY DEPT OF MED. 5.5
Highest
$0 $44,997 $1,990,597
N/A FORMER PRESIDENT 0.0
$0 $51,708 $473,262
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
2021 $4,748,336 $5,178,314 $2,658,234 $-429,978
2020 $14,634,118 $15,329,614 $5,988,506 $-695,496
2019 $13,106,608 $15,308,234 $5,886,327 $-2,201,626
2018 $14,608,346 $19,003,401 $4,386,045 $-4,395,055
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