NORTH SHORE PHYSICIAN ORGANIZATION… - Form 990 Financial Data

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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

1999

Legal Domicile

Phone

5164873822

Tax Period

2023-01-01 to 2023-12-31

NORTH SHORE PHYSICIAN ORGANIZATION INC, founded in 1999, is a micro nonprofit in the Community Improvement sector that reported $58K in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year. Expenses of $72K exceeded revenue, resulting in a 25% operating deficit.

Mission

SEE PART I, LINE 1

Program Service Accomplishments

Program 1

PROTECT AND ADVANCE THE QUALITY OF CARE FOR PATIENTS AND TO ADVOCATE ON THEIR BEHALF WITH MANAGED CARE ORGANIZATIONS, HOSPITAL SYSTEMS, AND OTHER HEALTH CARE ORGANIZATIONS AND AGENCIES.MAINTAIN THE TRADITIONAL FREEDOM AND INTEGRITY OF MEDICAL PRACTICE.SERVE AS AN OMBUDSMAN AND ADVOCATE FOR PHYSICIANS IN THEIR DEALINGS WITH GOVERNMENT AGENCIES, MANAGED CARE ORGANIZATIONS, HOSPITALS AND OTHER ENTITIES.FOSTER COOPERATION BETWEEN ALL COMMUNITY PHYSICIANS TO ENHANCE AND ENSURE THEIR PROFESSIONAL AND ECONOMIC SUCCESS.ADVOCATE FOR FAIR CONTRACT TERMS WITH MANAGED CARE ORGANIZATIONS, INTEGRATED NETWORKS, GOVERNMENT PROGRAMS AND OTHER PRACTICE OPPORTUNITIES.ASSIST MEMBERS WITH PRACTICE EFFICIENCIES VIS A VIS MANAGEMENT EXPERTISE AND SERVICES INCLUDING COMPLIANCE WITH GOVERNMENT REGULATIONS, PURCHASING ALLIANCES, BILLING AND COLLECTION SERVICES, COMPUTER SYSTEMS, LEGAL SERVICES, TELECOMMUNICATIONS, AND SUCH OTHER SERVICES TO PRACTICE COST-EFFICIENT MEDICINE.EDUCATE AND BRIEF MEMBER PHYSCIANS AND THE PUBLIC ABOUT SOCIO-ECONOMIC AND POLITICAL MATTERS WHICH IMPACT ON THE PRACTICE OF MEDICINE AND THE DELIVERY OF MEDICAL CARE.

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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 $57,750

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $57,750

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $71,960

TOTAL EXPENSES $71,960

Year-over-Year Comparison

	2023	2022	Change
Revenue	$57,750	$65,275	-0.1%
Expenses	$71,960	$78,270	-0.1%
Net Income	$-14,210	$-12,995	+0.1%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRUCE KAPPEL	Trustee	1.00	Director	$0	$0	$0
MARTIN EDELSTEIN	President	5.00	Officer Director	$0	$0	$0
JOSEPH HALIO	Vice President	1.00	Officer Director	$0	$0	$0
JED HANTVERK	Trustee	1.00	Director	$0	$0	$0
BERESFORD JONES	Trustee	1.00	Director	$0	$0	$0
STEVEN LOMASKY	Trustee	1.00	Director	$0	$0	$0
LEWIS ROSENBURG	Trustee	1.00	Director	$0	$0	$0
GARY MIRKIN	Trustee	1.00	Director	$0	$0	$0

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
2023	$57,750	$71,960	$137,506	$-14,210
2022	$65,275	$78,270	$151,716	$-12,995
2021	$72,448	$69,217	$164,711	$3,231
2020	$78,025	$74,309	$161,480	$3,716
2019	$95,239	$89,729	$157,764	$5,510
2018	$111,799	$119,268	$152,254	$-7,469

NORTH SHORE PHYSICIAN ORGANIZATION INC