Wyckoff Professional Medical Services PC f/k/a Wyckoff Orthopaedic PC

EIN: 113437602 501(c)(3) Health Care

Brooklyn, NY

Total Revenue
$20,170,710
Total Expenses
$44,198,015
Total Assets
$443,386
Net Assets
$-95,654,351
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
NY
Principal Officer
GUSTAVO DEL TORO
Phone
7189636702
Tax Period
2023-01-01 to 2023-12-31

Wyckoff Professional Medical Services PC f/k/a Wyckoff Orthopaedic PC, founded in 1998, is a mid-sized nonprofit in the Health Care sector that reported $20.2M in total revenue in fiscal year 2023. Expenses of $44.2M exceeded revenue, resulting in a 119% operating deficit.

Mission

TO SUPPORT WYCKOFF HEIGHTS MEDICAL CENTER'S MISSION OF PROVIDING EXCELLENCE IN CARE THROUGH PREVENTION, EDUCATION, AND TREATMENT IN A SAFE ENVIRONMENT.

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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 $0
Program Service Revenue $20,170,710
Investment Income $0
Other Revenue $0
TOTAL REVENUE $20,170,710

Expense Breakdown

Grants Paid $0
Salaries & Benefits $33,151,820
Fundraising Expenses $0
Program Expenses $44,152,947
Other Expenses $11,046,195
TOTAL EXPENSES $44,198,015

Year-over-Year Comparison

2023 2022 Change
Revenue $20,170,710 $21,026,822 0.0%
Expenses $44,198,015 $40,781,622 +0.1%
Net Income $-24,027,305 $-19,754,800 +0.2%
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

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Liquidity & Cash Position

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Governance

Voting Members
1
Independent Members
N/A
Employees
121
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
$1,331,463
Total Directors
1
$808,376
Key Employees
4
$2,780,759
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LEAQUE AHMED DEPARTMENT CHAIRMAN 35.0
Key Emp
$1,283,634 $31,766 $1,315,400
Raghav Bansal MD PHYSICIAN 35.0
Highest
$907,064 $15,345 $922,409
MARCUS D'AYALA MD PHYSICIAN 35.0
Highest
$885,664 $15,345 $901,009
GUSTAVO DEL TORO MD PRESIDENT 3.0
Officer Director
$0 $27,611 $808,376
Paritosh Suman MD PHYSICIAN 35.0
Highest
$699,280 $31,366 $730,646
GENNADIY KVETNYY MD PHYSICIAN 35.0
Highest
$676,381 $23,270 $699,651
Mohammad Gilani MD PHYSICIAN 35.0
Highest
$649,128 $15,345 $664,473
SANJIVAN PATEL MD ACTING CHAIRMAN 35.0
Key Emp
$590,255 $20,584 $610,839
RALPH RUGGIERO MD CHAIRMAN 35.0
Key Emp
$557,603 $24,661 $582,264
VASILICA GACHE SECRETARY 3.0
Officer
$0 $16,596 $523,087
TANVEER MIR MD CHAIRWOMAN 35.0
Key Emp
$272,256 $0 $272,256
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 $20,170,710 $44,198,015 $443,386 $-24,027,305
2022 $21,026,822 $40,781,622 $715,757 $-19,754,800
2021 $20,377,110 $36,988,628 $1,488,136 $-16,611,518
2020 $33,376,411 $35,664,835 $223,191 $-2,288,424
2019 $32,046,635 $32,524,864 $2,238,428 $-478,229
2018 $21,354,629 $21,537,426 $2,287,053 $-182,797
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