NETWORK RECOVERY SERVICES INC

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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

1993

Legal Domicile

Phone

2122974255

Tax Period

2023-01-01 to 2023-12-31

NETWORK RECOVERY SERVICES INC, founded in 1993, is a mid-sized nonprofit that reported $51.7M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

NETWORK RECOVERY SERVICES, INC.'S MISSION IS TO CARRY OUT FUNCTIONS TO SUPPORT THE NEWYORK-PRESBYTERIAN ENTERPRISE, BY PROVIDING CLIENTS AND PATIENTS FIRST CLASS PROFESSIONAL SERVICES INCLUDED, BUT NOT LIMITED TO, PATIENT FINANCIAL ADVOCACY, CONTACT CALL CENTER SERVICES, FINANCIAL AID ASSESSMENTS, ASSESSMENTS TO DETERMINE ELIGIBILITY FOR HEALTH CARE COVERAGE INCLUDing, BUT NOT LIMITED TO, MEDICAID, EARLY OUT SERVICES, MEDICAL RECORD CODING, ACCOUNTS RECEIVABLE FOLLOW-UP SERVICES, CONTRACT VARIANCE UNDERPAYMENTS REVIEW, GOOD FAITH ESTIMATES, AND OTHER OUTSOURCED BUSINESS OFFICE REVENUE CYCLE RELATED SERVICES AS OPPORTUNITIES PRESENT THEMSELVES.

Program Service Accomplishments

Program 1

Expenses: $45,931,153 Revenue: $51,677,737

NETWORK RECOVERY SERVICES, INC.'S MISSION IS TO CARRY OUT FUNCTIONS TO SUPPORT THE NEWYORK-PRESBYTERIAN ENTERPRISE, BY PROVIDING CLIENTS AND PATIENTS FIRST CLASS PROFESSIONAL SERVICES INCLUDING, BUT NOT LIMITED TO, PATIENT FINANCIAL ADVOCACY, CONTACT CALL CENTER SERVICES, FINANCIAL AID ASSESSMENTS, ASSESSMENTS TO DETERMINE ELIGIBILITY FOR HEALTH CARE COVERAGE INCLUDing, BUT NOT LIMITED TO, MEDICAID, EARLY OUT SERVICES, MEDICAL RECORD CODING, ACCOUNTS RECEIVABLE FOLLOW-UP SERVICES, CONTRACT VARIANCE UNDERPAYMENTS REVIEW, GOOD FAITH ESTIMATES, AND OTHER OUTSOURCED BUSINESS OFFICE REVENUE CYCLE RELATED SERVICES AS OPPORTUNITIES PRESENT THEMSELVES.

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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 $0

Program Service Revenue $51,677,737

Investment Income $24,734

Other Revenue $0

TOTAL REVENUE $51,702,471

Expense Breakdown

Grants Paid $0

Salaries & Benefits $16,053,234

Fundraising Expenses $0

Program Expenses $45,931,153

Other Expenses $35,649,237

TOTAL EXPENSES $51,702,471

Year-over-Year Comparison

	2023	2022	Change
Revenue	$51,702,471	$45,157,648	+0.1%
Expenses	$51,702,471	$45,157,648	+0.1%
Net Income	$0	$0	N/A

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

202

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

$5,824,901

Total Directors

$6,237,086

Key Employees

$748,241

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	BOARD OF DIRECTOR/TREASURER	0.5	Officer Director	$0	$85,653	$2,705,003
N/A	BOARD OF DIRECTOR/VP	0.5	Officer Director	$0	$79,270	$870,210
N/A	BOARD OF DIRECTOR/PRESIDENT	0.5	Officer Director	$0	$107,790	$1,349,541
N/A	BOARD OF DIRECTOR	0.5	Director	$0	$71,942	$381,958
N/A	BOARD OF DIRECTOR	0.5	Director	$0	$17,583	$435,834
N/A	BOARD OF DIRECTOR	0.5	Director	$0	$95,329	$494,540
N/A	SECRETARY	0.5	Officer	$0	$92,917	$669,131
N/A	ASS'T SECRETARY	0.5	Officer	$0	$38,594	$231,016
N/A	DIRECTOR OF OPERATIONS	35.0	Key Emp	$274,574	$61,803	$336,377
N/A	DIRECTOR OF OPERATIONS	35.0	Key Emp	$324,106	$87,758	$411,864
N/A	MANAGER PATIENT ACCOUNTS	35.0	Highest	$117,754	$57,126	$174,880
N/A	MANAGER PATIENT ACCOUNTS	35.0	Highest	$134,956	$35,504	$170,460
N/A	MANAGER PATIENT ACCOUNTS	35.0	Highest	$127,775	$50,875	$178,650
N/A	DIRECTOR OF OPERATIONS	35.0	Highest	$189,559	$63,006	$252,565
N/A	MANAGER IS	35.0	Highest	$147,421	$65,150	$212,571

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	$51,702,471	$51,702,471	$6,873,695	No data
2022	$45,157,648	$45,157,648	$9,309,938	No data
2021	$32,013,322	$32,013,322	$9,165,578	No data
2020	$30,608,937	$30,608,937	$10,441,108	No data
2019	$30,531,860	$30,531,860	$11,073,062	No data
2018	$26,492,939	$26,492,939	$933,240	No data