CHS PHYSICIAN PARTNERS PC

EIN: 113613997 501(c)(3) Health Care

ROSLYN, NY

Total Revenue
$262,642,008
Total Expenses
$432,488,676
Total Assets
$132,153,805
Net Assets
$12,229,799
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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
NY
Principal Officer
AVNI THAKORE MD
Phone
5165626000
Tax Period
2023-01-01 to 2023-12-31

CHS PHYSICIAN PARTNERS PC, founded in 2001, is a major nonprofit in the Health Care sector that reported $262.6M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $432.5M exceeded revenue, resulting in a 65% operating deficit.

Mission

CHS PHYSICAN PARTNERS, P.C. IS A MEMBER OF CATHOLIC HEALTH. WE, AT CATHOLIC HEALTH, HUMBLY JOIN TOGETHER TO BRING CHRIST'S HEALING MISSION AND THE MISSION OF MERCY OF THE CATHOLIC CHURCH EXPRESSED IN CATHOLIC HEALTH CARE TO OUR COMMUNITIES. I-CARE VALUES INTEGRITY: WE ARE WHO WE SAY WE ARE AND ACT IN ACCORDANCE WITH THE SPLENDOR OF TRUTH OF OUR CATHOLIC MORAL TEACHING AND OUR CATHOLIC VALUES. COMPASSION: WE HAVE COMPASSION FOR OUR PATIENTS, SEE THE SUFFERING CHRIST IN THEM, STRIVE TO ALLEVIATE SUFFERING AND SERVE THE SPIRITUAL, PHYSICAL AND EMOTIONAL NEEDS OF OUR PATIENTS. ACCOUNTABILITY: WE TAKE RESPONSIBILITY FOR OUR ACTIONS AND THEIR CONSEQUENCES. RESPECT: WE HONOR THE SANCTITY OF LIFE AT EVERY STAGE OF LIFE AND THE DIGNITY OF EVERY PERSON, AND INCORPORATE ALL THE PRINCIPLES OF CATHOLIC SOCIAL TEACHING IN OUR RELATIONSHIPS AND ADVOCACY. EXCELLENCE: WE SEEK THE GLORY OF GOD IN THE COMPASSIONATE SERVICE OF OUR PATIENTS, AND WE STRIVE TO DO THE BEST THAT CAN BE DONE, WHATEVER OUR ROLE.

Program Service Accomplishments

Program 1
Expenses: $387,052,136 Revenue: $261,085,705

A COLLECTION OF PHYSICIAN PRACTICES THAT SUPPORT MISSION AND OPERATIONS OF CATHOLIC HEALTH.

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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 $731,146
Program Service Revenue $251,687,778
Investment Income $0
Other Revenue $10,223,084
TOTAL REVENUE $262,642,008

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $387,052,136
Other Expenses $432,488,676
TOTAL EXPENSES $432,488,676

Year-over-Year Comparison

2023 2022 Change
Revenue $262,642,008 $221,447,171 +0.2%
Expenses $432,488,676 $363,835,001 +0.2%
Net Income $-169,846,668 $-142,387,830 +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

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

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Governance

Voting Members
2
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
2
$2,063,806
Total Directors
2
$2,063,806
Key Employees
1
$471,832
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
THOMAS PAPPAS MD FORMER VICE PRESIDENT 50.0
$0 $56,946 $1,374,783
AVNI THAKORE MD PRESIDENT/CAO MEDICAL GROUP 50.0
Officer Director
$0 $72,337 $1,263,078
ANTHONY ARDITO MD VICE PRESIDENT 50.0
Officer Director
$0 $70,170 $800,728
NAZ KHAN CMO 50.0
Key Emp
$0 $24,614 $471,832
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 $262,642,008 $432,488,676 $132,153,805 $-169,846,668
2022 $221,447,171 $363,835,001 $80,558,846 $-142,387,830
2021 $204,939,316 $323,363,672 $61,423,993 $-118,424,356
2020 $154,169,179 $276,065,336 $49,626,157 $-121,896,157
2019 $162,372,197 $257,197,604 $34,174,809 $-94,825,407
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