Park Slope Hematology & Oncology PC

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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

2000

Legal Domicile

Principal Officer

STEPHEN PETERSON MD

Phone

2122975412

Tax Period

2019-01-01 to 2019-12-31

Park Slope Hematology & Oncology PC, founded in 2000, is a small nonprofit in the Health Care sector that reported $735K in total revenue in fiscal year 2019. Revenue fell 77% from the prior year — a significant decline worth monitoring. Expenses of $1.1M exceeded revenue, resulting in a 46% operating deficit.

Mission

TO PROVIDE EXCELLENT HEMATOLOGY AND ONCOLOGY HEALTH CARE SERVICES TO PATIENTS WITHOUT REGARD TO AGE, SEX, RACE, CREED, NATIONAL ORIGIN OR DISABILITY.

Program Service Accomplishments

Program 1

Expenses: $367,488 Revenue: $238,578

PROVIDED EXCELLENT HEMATOLOGY AND ONCOLOGY HEALTH CARE SERVICES TO PATIENTS WITHOUT REGARD TO AGE, SEX, RACE, CREED, NATIONAL ORIGIN OR DISABILITY. DURING 2019, THE TOTAL PATIENT VISITS WERE 2,011...

PROVIDED EXCELLENT HEMATOLOGY AND ONCOLOGY HEALTH CARE SERVICES TO PATIENTS WITHOUT REGARD TO AGE, SEX, RACE, CREED, NATIONAL ORIGIN OR DISABILITY. DURING 2019, THE TOTAL PATIENT VISITS WERE 2,011. THIS INCLUDES ALL PAYER TYPES. AMONG THE TOTAL PATIENT VISITS, 398 WERE MEDICAID & MEDICAID HMO PATIENTS AND 705 WERE MEDICARE & MEDICARE HMO PATIENTS. THE ENTITY CEASED OPERATIONS ON FEBRUARY 15, 2019.

Program 2

Expenses: $306,513 Revenue: $496,404

TO PROVIDE EXCELLENT RADIATION ONCOLOGY HEALTH CARE SERVICES TO PATIENTS WITHOUT REGARD TO AGE, SEX, RACE, CREED, NATIONAL ORIGIN OR DISABILITY. DURING 2019, THE TOTAL PATIENT VISITS WERE 3,183. THIS INCLUDES ALL PAYER TYPES. AMONG THE TOTAL PATIENT VISITS, 618 WERE MEDICAID & MEDICAID HMO PATIENTS AND 1,745 WERE MEDICARE & MEDICARE HMO PATIENTS. THE ENTITY CEASED OPERATIONS ON FEBRUARY 15, 2019.

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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 (2019)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $665,602

Investment Income $0

Other Revenue $69,380

TOTAL REVENUE $734,982

Expense Breakdown

Grants Paid $34,713

Salaries & Benefits $754,682

Fundraising Expenses $0

Program Expenses $674,001

Other Expenses $283,384

TOTAL EXPENSES $1,072,779

Year-over-Year Comparison

	2019	2018	Change
Revenue	$734,982	$3,223,700	-0.8%
Expenses	$1,072,779	$7,601,301	-0.9%
Net Income	$-337,797	$-4,377,601	-0.9%

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

$746,915

Total Directors