HEALTHCARE CHOICES NY INC (EIN 113488520) - 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

2001

Legal Domicile

Principal Officer

MARIA L SIEBEL

Phone

7182340073

Tax Period

2024-01-01 to 2024-12-31

HEALTHCARE CHOICES NY INC, founded in 2001, is a community nonprofit in the Health Care sector that reported $9.6M in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year.

Mission

HEALTHCARE CHOICES NY, INC. MISSION IS TO PROVIDE EFFICIENT AND RELIABLE PRIMARY, MULTI-SPECIALTY, AND PREVENTATIVE HEALTH CARE IN A PERSONALIZED AND COMPASSIONATE MANNER TO HELP PEOPLE IMPROVE THE QUALITY OF THEIR LIVES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $4,426,490

Program Service Revenue $5,200,166

Investment Income $15,229

Other Revenue $3,156

TOTAL REVENUE $9,645,041

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,942,520

Fundraising Expenses $0

Program Expenses $8,366,026

Other Expenses $3,651,833

TOTAL EXPENSES $10,594,353

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,645,041	$10,661,081	-0.1%
Expenses	$10,594,353	$10,315,632	+0.0%
Net Income	$-949,312	$345,449	-3.7%

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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$1,431,224

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANA FISCHER	DIRECTOR	1.00	Director	$0	$0	$0
BARAKA SMITH	DIRECTOR	1.00	Director	$0	$0	$0
BEN SHER	DIRECTOR	1.00	Director	$0	$0	$0
DAMO BALIGA	OUTGOING DIRECTOR	1.00	Director	$0	$0	$0
EDWARD LAI	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
IVOIRE LLOYD	DIRECTOR	1.00	Director	$0	$0	$0
KETIE SAINTELUS	DIRECTOR	1.00	Director	$0	$0	$0
LISA LUBARSKI	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
MAUSHIMI MAVINKUVE	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD BRANDT	DIRECTOR	1.00	Director	$0	$0	$0
VIOLETTE TONUZI	DIRECTOR	1.00	Director	$0	$0	$0
ASYA LEVY	CMO	40.00	Officer	$371,216	$42,264	$413,480
DEBRA SORKIN	COO	40.00	Officer	$213,957	$6,418	$220,375
MARIA L SIEBEL	CEO	40.00	Officer	$392,890	$84,405	$477,295
PHILIP SILVERMAN	CFO	40.00	Officer	$236,507	$83,567	$320,074
ANDRE STEWART	NURSE PRACTITIONER	40.00	Highest	$130,961	$1,946	$132,907
DARIO M SHUSTER	PHYSICIAN	40.00	Highest	$253,005	$3,795	$256,800
FARAJ GADEE	PHYSICIAN	40.00	Highest	$273,967	$31,143	$305,110
JAMILA GONZALEZ	CQI DIRECTOR	40.00	Highest	$125,701	$16,294	$141,995
REBECCA WHITE	NURSE PRACTITIONER	40.00	Highest	$128,227	$1,923	$130,150

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	$9,645,041	$10,594,353	$8,535,018	$-949,312
2023	$10,661,081	$10,315,632	$9,716,518	$345,449
2022	$9,714,933	$9,692,607	$9,859,243	$22,326
2021	$10,428,165	$9,754,632	$5,459,308	$673,533
2020	$11,050,380	$8,879,234	$5,165,809	$2,171,146
2019	$8,953,946	$8,949,856	$2,707,880	$4,090

HEALTHCARE CHOICES NY INC