MEDISYS HEALTH NETWORK INC

EIN: 113316802 501(c)(3) Health Care

JAMAICA, NY

Total Revenue
$7,052,717
Total Expenses
$6,735,518
Total Assets
$178,107,101
Net Assets
$30,639,458
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
NY
Principal Officer
MOUNIR DOSS
Phone
7182066291
Tax Period
2023-01-01 to 2023-12-31

MEDISYS HEALTH NETWORK INC, founded in 1996, is a community nonprofit in the Health Care sector that reported $7.1M in total revenue in fiscal year 2023. Expenses of $6.7M left a modest 4% surplus.

Mission

TO SUPPORT THE OPERATIONS OF THE JAMAICA HOSPITAL MEDICAL CENTER, FLUSHING HOSPITAL MEDICAL CENTER AND OTHER ORGANIZATIONS LISTED IN SCHEDULE R, PART II, WHICH ARE HOSPITALS TAX EXEMPT UNDER IRC SECTION 501(C)(3).

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,506,382
Program Service Revenue $3,780,271
Investment Income $727,537
Other Revenue $38,527
TOTAL REVENUE $7,052,717

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,579,857
Fundraising Expenses $0
Program Expenses $5,997,370
Other Expenses $4,155,661
TOTAL EXPENSES $6,735,518

Year-over-Year Comparison

2023 2022 Change
Revenue $7,052,717 $6,837,671 +0.0%
Expenses $6,735,518 $5,875,541 +0.1%
Net Income $317,199 $962,130 -0.7%
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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Governance

Voting Members
13
Independent Members
12
Employees
2
Volunteers
13

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
6
$4,935,259
Total Directors
14
$3,039,589
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANTHONY DIMARIA MD OUTGOING TRUSTEE 1.00
Officer Director
$0 $0 $0
ANTHONY MAZZA VICE CHAIRMAN 1.00
Director
$0 $0 $0
ANTONIETTA MORISCO MD ASSISTANT SECRETARY 1.00
Director
$0 $0 $0
BRUCE FLANZ PRESIDENT & CEO 10.00
Officer Director
$1,687,332 $62,218 $3,039,589
DOUGLAS W SINGER TRUSTEE 1.00
Director
$0 $0 $0
GEOFFREY DOUGHLIN MD ASSISTANT TREASURER 1.00
Officer Director
$0 $0 $0
HON TIMOTHY J DUFFICY SECRETARY 1.00
Director
$0 $0 $0
JOSEPH FERRARA CHAIRMAN 1.00
Officer Director
$0 $0 $0
JOSEPH LIANA TREASURER 1.00
Officer Director
$0 $0 $0
NEIL FOSTER PHILLIPS TRUSTEE 1.00
Director
$0 $0 $0
PHILIPPA L KARTERON TRUSTEE 1.00
Director
$0 $0 $0
ROBERT W KOOP TRUSTEE 1.00
Director
$0 $0 $0
MICHELLE STODDART TRUSTEE 1.00
Director
$0 $0 $0
THOMAS J SANTUCCI TRUSTEE 1.00
Director
$0 $0 $0
MOUNIR DOSS EXECUTIVE VP & CFO 10.00
Officer
$838,312 $62,218 $1,895,670
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 $7,052,717 $6,735,518 $178,107,101 $317,199
2022 $6,837,671 $5,875,541 $155,159,375 $962,130
2021 $4,565,672 $4,405,588 $150,630,080 $160,084
2020 $6,799,353 $3,969,310 $139,039,640 $2,830,043
2019 $3,933,759 $3,831,943 $131,269,081 $101,816
2018 $3,986,284 $3,182,268 $127,890,039 $804,016
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