CHILDREN'S MEDICAL FUND OF NEW YORK

EIN: 116076991 501(c)(3) Health Care

SYOSSET, NY

Total Revenue
$624,528
Total Expenses
$973,102
Total Assets
$596,037
Net Assets
$569,908
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1963
Legal Domicile
NY
Principal Officer
DAVID BLUMENFELD
Phone
5166241971
Tax Period
2023-01-01 to 2023-12-31

CHILDREN'S MEDICAL FUND OF NEW YORK, founded in 1963, is a small nonprofit in the Health Care sector that reported $625K in total revenue in fiscal year 2023. Revenue fell 36% from the prior year — a significant decline worth monitoring. Expenses of $973K exceeded revenue, resulting in a 56% operating deficit.

Mission

RAISE FUNDS TO SUPPORT THE PROGRAMS OF THE COHEN CHILDREN'S MEDICAL CENTER OF NEW YORK.

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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 $519,794
Program Service Revenue $0
Investment Income $23,262
Other Revenue $81,472
TOTAL REVENUE $624,528

Expense Breakdown

Grants Paid $634,875
Salaries & Benefits $229,372
Fundraising Expenses $198,259
Program Expenses $665,190
Other Expenses $108,855
TOTAL EXPENSES $973,102

Year-over-Year Comparison

2023 2022 Change
Revenue $624,528 $982,049 -0.4%
Expenses $973,102 $488,947 +1.0%
Net Income $-348,574 $493,102 -1.7%
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

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Liquidity & Cash Position

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Governance

Voting Members
36
Independent Members
36
Employees
2
Volunteers
15

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
7
$169,630
Total Directors
36
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID BLUMENFELD CHAIRMAN 5.00
Officer Director
$0 $0 $0
HOWARD TANNEY PRESIDENT 1.00
Officer Director
$0 $0 $0
ERIC NIERENBERG ASSISTANT TREASURER 1.00
Officer Director
$0 $0 $0
MARK WOLF ASSISTANT SECRETARY 1.00
Officer Director
$0 $0 $0
MICHAEL A KAUFMAN ESQ SECRETARY 1.00
Officer Director
$0 $0 $0
NEIL SCHORR TEASURER 0.50
Officer Director
$0 $0 $0
DAVID AARONS TRUSTEE 0.50
Director
$0 $0 $0
LANCE ALSTODT TRUSTEE 0.50
Director
$0 $0 $0
CLARE BARBADILLO TRUSTEE 0.50
Director
$0 $0 $0
STEVEN BLOCK TRUSTEE 0.50
Director
$0 $0 $0
BRAD BLUMENFELD TRUSTEE 0.50
Director
$0 $0 $0
RANDI BULLER TRUSTEE 0.50
Director
$0 $0 $0
RICHARD CHIPMAN TRUSTEE 0.50
Director
$0 $0 $0
SETH COLLINS TRUSTEE 0.50
Director
$0 $0 $0
JEFF COVIELLO TRUSTEE 0.50
Director
$0 $0 $0
MARK GOODMAN TRUSTEE 0.50
Director
$0 $0 $0
JAY HOCHHEISER TRUSTEE 0.50
Director
$0 $0 $0
JARED KAPLAN TRUSTEE 0.50
Director
$0 $0 $0
ADAM KOBLENZ ESQ TRUSTEE 0.50
Director
$0 $0 $0
JAHN LEVIN TRUSTEE 0.50
Director
$0 $0 $0
CRAIG LITT TRUSTEE 0.50
Director
$0 $0 $0
CHRISTOPHER MONGELUZO TRUSTEE 0.50
Director
$0 $0 $0
ADARSH MUDGIL MD TRUSTEE 0.50
Director
$0 $0 $0
RANDY NAROD TRUSTEE 0.50
Director
$0 $0 $0
MICHAEL OSTAD MD TRUSTEE 0.50
Director
$0 $0 $0
CHARLES RICK TRUSTEE 0.50
Director
$0 $0 $0
GREGORY RUSH TRUSTEE 0.50
Director
$0 $0 $0
RICHARD RUSH TRUSTEE 0.50
Director
$0 $0 $0
ADAM SINGER TRUSTEE 0.50
Director
$0 $0 $0
ERIC SMALLOWITZ TRUSTEE 0.50
Director
$0 $0 $0
MICHAEL SMITH TRUSTEE 0.50
Director
$0 $0 $0
JEREMY TAUBES TRUSTEE 0.50
Director
$0 $0 $0
ERICK VALLELY TRUSTEE 0.50
Director
$0 $0 $0
JASON WACHTEL TRUSTEE 0.50
Director
$0 $0 $0
BRIAN WASSERMAN TRUSTEE 0.50
Director
$0 $0 $0
JONATHAN WEBB TRUSTEE 0.50
Director
$0 $0 $0
REGINA SEGRETI EXECUTIVE DIRECTOR 40.00
Officer
$147,856 $21,774 $169,630
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 $624,528 $973,102 $596,037 $-348,574
2022 $982,049 $488,947 $980,040 $493,102
2021 $872,804 $522,209 $942,755 $350,595
2020 $442,457 $246,568 $950,621 $195,889
2019 $600,261 $381,695 $844,033 $218,566
2018 $549,913 $391,496 $922,616 $158,417
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