Park Slope Obstetrics & Gynecology PC

EIN: 113124294 501(c)(3) Health Care

BROOKLYN, NY

Total Revenue
$3,147,413
Total Expenses
$3,589,602
Total Assets
$316,567
Net Assets
$-12,701,138
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
NY
Principal Officer
SANFORD LEDERMAN
Phone
2122975412
Tax Period
2019-01-01 to 2019-12-31

Park Slope Obstetrics & Gynecology PC, founded in 1992, is a community nonprofit in the Health Care sector that reported $3.1M in total revenue in fiscal year 2019. Revenue fell 76% from the prior year — a significant decline worth monitoring. Expenses of $3.6M exceeded revenue, resulting in a 14% operating deficit.

Mission

PROVIDEd EXCELLENT OBSTETRICS AND GYNECOLOGY HEALTH CARE SERVICES TO PATIENTS WIHTOUT 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%)

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Financial Overview (2019)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $3,060,951
Investment Income $0
Other Revenue $86,462
TOTAL REVENUE $3,147,413

Expense Breakdown

Grants Paid $393,360
Salaries & Benefits $1,801,769
Fundraising Expenses $0
Program Expenses $2,972,784
Other Expenses $1,394,473
TOTAL EXPENSES $3,589,602

Year-over-Year Comparison

2019 2018 Change
Revenue $3,147,413 $13,146,830 -0.8%
Expenses $3,589,602 $18,408,267 -0.8%
Net Income $-442,189 $-5,261,437 -0.9%
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

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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
$1,093,205
Total Directors
1
$1,093,205
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CONSTAINTINE GORELICK Director Gyn Oncology 4.5
Highest
$0 $49,051 $1,226,820
SANFORD LEDERMAN PRESIDENT 3.0
Officer Director
$0 $54,571 $1,093,205
NATAN HARATZ medical director 4.5
Highest
$0 $37,974 $1,055,332
THOMAS PAONE ATTENDING PHYSICIAN 4.0
Highest
$0 $66,458 $1,050,473
GARY FIASCONARO ATTENDING PHYSICIAN 7.5
Highest
$0 $35,221 $708,443
Katherine Economos Director Gyn Oncology 7.0
Highest
$0 $58,972 $708,061
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
2019 $3,147,413 $3,589,602 $316,567 $-442,189
2018 $13,146,830 $18,408,267 $2,033,603 $-5,261,437
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