LONG ISLAND CITY, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)THE FLOATING HOSPITAL INC, founded in 1866, is a mid-sized nonprofit in the Health Care sector that reported $32.4M in total revenue in fiscal year 2023. Expenses of $31.1M left a modest 4% surplus.
THE HOSPITAL IS A FREE STANDING DIAGNOSTIC AND TREATMENT CENTER LICENSED UNDER ARTICLE 28 AND ARTICLE 31 OF THE NYS HEALTH LAW LOCATED IN LONG ISLAND CITY, NY. THE HOSPITAL PROVIDES A BROAD RANGE OF PRIMARY HEALTH CARE SERVICES TO A LARGELY MEDICALLY UNDERSERVED POPULATION. TFH IS ALSO A FEDERALLY QUALIFIED HEALTH CENTER WITH ALL THREE URBAN DESIGNATIONS UNDER SECTION 330.
HOMELESS PROGRAM - TFH IS A FEDERALLY QUALIFIED HEALTH CENTER, AND HAS HISTORICALLY SERVED NYC'S MOST UNDERSERVED POPULATIONS. THAT POPULATION TODAY IS HOMELESS FAMILIES, UNDER 42 USC SECTION 330...
HOMELESS PROGRAM - TFH IS A FEDERALLY QUALIFIED HEALTH CENTER, AND HAS HISTORICALLY SERVED NYC'S MOST UNDERSERVED POPULATIONS. THAT POPULATION TODAY IS HOMELESS FAMILIES, UNDER 42 USC SECTION 330 (H). TFH PROVIDES EXTENSIVE HEALTH CARE SERVICES TO THESE INDIVIDUALS REGARDLESS OF ABILITY TO PAY. IN ADDITION, IT PROVIDES NON-MEDICAID REIMBURSED SERVICES SUCH AS HEALTH EDUCATION AT NO COST TO ANY PATIENT.
COMMUNITY AND PUBLIC HOUSING PROGRAM - TFH ALSO FUNCTIONS AS A FEDERALLY QUALIFIED HEALTH CENTER TO THE NORTHWEST QUEENS COMMUNITY AND PROVIDES PRIMARY HEALTH CARE SERVICES TO THE UNDERSERVED OF THAT...
COMMUNITY AND PUBLIC HOUSING PROGRAM - TFH ALSO FUNCTIONS AS A FEDERALLY QUALIFIED HEALTH CENTER TO THE NORTHWEST QUEENS COMMUNITY AND PROVIDES PRIMARY HEALTH CARE SERVICES TO THE UNDERSERVED OF THAT COMMUNITY AS WELL AS THE QUEENSBRIDGE AND RAVENSWOOD HOUSES, THE LARGEST PUBLIC HOUSING PROJECTS IN THE UNITED STATES. IT FOLLOWS THE SAME FORMULA AS ITS HOMELESS FAMILIES PROGRAM, PROVIDING PRIMARY HEALTHCARE SERVICES REGARDLESS OF ABILITY TO PAY, UNDER 42USC SECTION 330 (E) AND (I)
ACS MEDICAL AND DENTAL PROGRAM - TFH IS THE MEDICAL PROVIDER TO THE NYC ADMINISTRATION FOR CHILDREN'S SERVICES, WHICH HANDLES ALL ASPECTS OF YOUTH UNASSOCIATED WITH A SPECIFIC HOME LIFE AT A...
ACS MEDICAL AND DENTAL PROGRAM - TFH IS THE MEDICAL PROVIDER TO THE NYC ADMINISTRATION FOR CHILDREN'S SERVICES, WHICH HANDLES ALL ASPECTS OF YOUTH UNASSOCIATED WITH A SPECIFIC HOME LIFE AT A PARTICULAR TIME, I.E., FOSTER CHILDREN (BOTH TEMPORARY AND PERMANENT), DETAINED YOUTH, ETC. TFH PROVIDES HEALTH CARE AND HEALTH EDUCATION TO THIS MEDICALLY FRAGILE AND INNER-CITY AT-RISK POPULATION AT SITES IN THE BRONX AND BROOKLYN.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $32,401,064 | $30,271,999 | +0.1% |
| Expenses | $31,087,766 | $30,138,362 | +0.0% |
| Net Income | $1,313,298 | $133,637 | +8.8% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| ALLISON SOKARIS | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| ANTHONY BROWNIE | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| BARBARA LINDER | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| CAROL JACKSON | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| DAVID KOCHANOWSKY | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| DOMINICK DELORENZO | CHAIR OF BOARD OF TRUSTEES | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| EVELYN LORD | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| HAYWARD GILL | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| KHADIJAH WATKINS | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| MADELINE NAEGLE | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| MICHAEL GEORGE | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| PRISCILLA BAYLEY | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| REGINA JASLOW | VICE CHAIR & TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| GLORIA CARNEY JACKSON | EXECUTIVE VICE PRESIDENT OF FINANCE | 30.00 |
Officer
|
$175,797 | $14,865 | $190,662 |
| SEAN T GRANAHAN | PRESIDENT/GENERAL COUNSEL | 30.00 |
Officer
|
$211,550 | $28,655 | $240,205 |
| SHANI ANDRE MD | EXCEUTIVE VICE PRESIDENT CLINICAL ADMIN | 35.00 |
Key Emp
|
$322,700 | $23,650 | $346,350 |
| JANICE CRISTOBAL | PHYSICIAN | 35.00 |
Highest
|
$199,577 | $10,849 | $210,426 |
| KAREN MYRIE | MEDICAL DIRECTOR-ACS | 35.00 |
Highest
|
$197,021 | $19,695 | $216,716 |
| KIM HENEGHAN | PHYSCIAN ASSISTANT | 35.00 |
Highest
|
$195,683 | $19,660 | $215,343 |
| MARK SETHNA | MEDICAL DIRECTOR | 35.00 |
Highest
|
$210,071 | $20,863 | $230,934 |
| SHARI POTTER | PHYSICIAN ASSISTANT | 35.00 |
Highest
|
$196,735 | $38,546 | $235,281 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $32,401,064 | $31,087,766 | $16,206,358 | $1,313,298 |
| 2022 | $30,271,999 | $30,138,362 | $15,495,678 | $133,637 |
| 2021 | $29,287,827 | $27,786,188 | $12,792,635 | $1,501,639 |
| 2020 | $26,887,400 | $23,679,613 | $11,819,449 | $3,207,787 |
| 2019 | $21,463,067 | $21,480,552 | $9,632,056 | $-17,485 |
| 2018 | $21,772,839 | $20,683,462 | $5,954,027 | $1,089,377 |
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