BROOKHAVEN HEALTH CARE SERVICES CORP (EIN 112950196) - 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

1984

Legal Domicile

Principal Officer

JOSEPH J LHOTA

Phone

2122633474

Tax Period

2023-09-01 to 2024-08-31

BROOKHAVEN HEALTH CARE SERVICES CORP, founded in 1984, is a community nonprofit in the Health Care sector that reported $3.2M in total revenue in fiscal year 2023. Revenue surged 140% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.7M, a strong 85% operating margin.

Mission

BROOKHAVEN HEALTH CARE SERVICES CORPORATION (D/B/A LONG ISLAND COMMUNITY HOSPITAL HEALTH CARE SERVICES FOUNDATION) (THE "FOUNDATION"), WAS ESTABLISHED TO SEEK PHILANTHROPIC SUPPORT AND TO GRANT FUNDS TO LONG ISLAND COMMUNITY HOSPITAL ("LICH") AND OTHER NOT-FOR-PROFIT ORGANIZATIONS UNDER THE DIRECTION OF THE FOUNDATION'S BOARD OF DIRECTORS. EFFECTIVE MARCH 1, 2022, PURSUANT TO THE TERMS OF AN AFFILIATION AGREEMENT (THE "AFFILIATION AGREEMENT"), NYU LANGONE HEALTH SYSTEM ("NYULHS") FORMALLY ACQUIRED AND BECAME THE SOLE CORPORATE MEMBER OF EACH OF LICH AND THE FOUNDATION.

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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 $405,431

Program Service Revenue $0

Investment Income $2,762,815

Other Revenue $0

TOTAL REVENUE $3,168,246

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $410,514

Other Expenses $470,557

TOTAL EXPENSES $470,557

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,168,246	$1,321,315	+1.4%
Expenses	$470,557	$765,666	-0.4%
Net Income	$2,697,689	$555,649	+3.9%

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

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

$2,039,971

Total Directors

$29,172,731

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERNEST PATRICK SMITH	CHAIRMAN	0.50	Officer Director	$0	$0	$0
FELIX GRUCCI JR	VICE CHAIRMAN	0.50	Officer Director	$0	$0	$0
FREDERICK C BRAUN III	TRUSTEE	0.50	Director	$0	$0	$0
ANDREW W BROTMAN MD	TRUSTEE	0.50	Director	$0	$1,660,498	$9,717,556
GARY BROWN	TRUSTEE	0.50	Director	$0	$0	$0
JOSEPH GRECO MD	TRUSTEE	0.50	Director	$0	$461,659	$4,535,125
GARY KALKUT MD	TRUSTEE	0.50	Director	$0	$78,609	$1,552,139
NABIL KIRIDLY MD	TRUSTEE	0.50	Director	$0	$0	$0
JOSEPH J LHOTA	TRUSTEE	0.50	Director	$0	$1,002,586	$5,207,256
JAMES MAIORINO	TRUSTEE	0.50	Director	$0	$0	$0
VICKI MATCH SUNA AIA	TRUSTEE	0.50	Director	$0	$716,541	$6,120,684
JEFF MAYER	TRUSTEE	0.50	Director	$0	$0	$0
MAUREEN MENNELLA	TRUSTEE	0.50	Director	$0	$0	$0
MARK MULHOLLAND	TRUSTEE	0.50	Director	$0	$0	$0
CLYDE PARKER	TRUSTEE	0.50	Director	$0	$0	$0
SHARON NORTON REMMER	TRUSTEE	0.50	Director	$0	$0	$0
ROBERT ROCHE MD	TRUSTEE	0.50	Director	$0	$0	$0
LISA ROSE	TRUSTEE	0.50	Director	$0	$0	$0
ERIC RUSSO	TRUSTEE	0.50	Director	$0	$0	$0
ROBERT SCHWARZ	TRUSTEE	0.50	Director	$0	$0	$0
TRICHY ARUMUGAM MD	TRUSTEE	0.50	Director	$0	$0	$0
JOHN SULLIVAN	TRUSTEE	0.50	Director	$0	$0	$0
STEVEN TAITZ	TRUSTEE	0.50	Director	$0	$0	$0
MARC S ADLER MD MBA	SVP / CHIEF OF HOSPITAL OPERATIONS	0.50	Officer Director	$0	$47,856	$1,721,396
MICHELE KNAPP	TREASURER	0.50	Officer Director	$0	$0	$0
EDWARD KORMYLO DPM	SECRETARY	0.50	Officer Director	$0	$0	$318,575
RAVI SINGH MD	PRESIDENT OF MEDICAL STAFF	0.50	Director	$0	$0	$0
RICHARD T MARGULIS	FRMR PRESIDENT & CEO (UNTIL 7/1/23)	0.00		$0	$2,501	$934,354

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	$3,168,246	$470,557	$37,629,985	$2,697,689
2023	$1,321,315	$765,666	$32,094,037	$555,649
2022	$1,668,610	$1,055,472	$37,268,037	$613,138
2021	$4,161,500	$1,087,854	$51,123,644	$3,073,646
2020	$1,464,719	$1,067,064	$25,841,897	$397,655
2019	$1,966,051	$1,617,712	$22,088,486	$348,339
2018	$2,120,847	$3,394,172	$19,356,695	$-1,273,325

BROOKHAVEN HEALTH CARE SERVICES CORP