PARK SLOPE MEDICAL SERVICE PC (EIN 112843882) - 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

1986

Legal Domicile

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.

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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 (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

Governance

Voting Members

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

$217,857

Total Directors

$217,857

Key Employees

Highest Compensated

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

PARK SLOPE MEDICAL SERVICE PC