MEDICAL SOCIETY OF THE COUNTY OF W… - 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

1935

Legal Domicile

Principal Officer

KHAM ALI MD

Phone

9149679100

Tax Period

2024-01-01 to 2024-12-31

MEDICAL SOCIETY OF THE COUNTY OF WESTCHESTER INC, founded in 1935, is a small nonprofit in the Health Care sector that reported $217K in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year. Expenses of $269K exceeded revenue, resulting in a 24% operating deficit.

Mission

THE MEDICAL SOCIETY OF THE COUNTY OF WESTCHESTER, INC. WAS FORMED TO PROMOTE THE HIGHEST STANDARDS OF MEDICAL COMPETENCY AND CHARACTER OF THE PHYSICIANS IN WESTCHESTER COUNTY.

Program Service Accomplishments

Program 1

Expenses: $200,440 Revenue: $110,267

THE WCMB PRIMARY OBJECTIVES ARE TO EXTEND MEDICAL KNOWLEDGE AND ADVANCE MEDICAL SCIENCE; TO ELEVATE THE STANDARD OF MEDICAL EDUCATION; SECURE ENFORCEMENT OF FAIR MEDICAL LEGISLATION; TO FOSTER...

THE WCMB PRIMARY OBJECTIVES ARE TO EXTEND MEDICAL KNOWLEDGE AND ADVANCE MEDICAL SCIENCE; TO ELEVATE THE STANDARD OF MEDICAL EDUCATION; SECURE ENFORCEMENT OF FAIR MEDICAL LEGISLATION; TO FOSTER, PROMOTE AND ENCOURAGE DIALOGUE AMONGST HEALTH CARE PROFESSIONALS TO OBTAIN THE HIGHEST STANDARDS AND QUALITY OF MEDICAL CARE; TO ASSIST IN THE PRESERVATION OF THE PUBLIC HEALTH AND TO ENLIGHTEN AND DIRECT PUBLIC OPINION IN REGARD TO PROBLEMS AND ISSUES IN MEDICINE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $52,803

Program Service Revenue $85,757

Investment Income $7,439

Other Revenue $70,882

TOTAL REVENUE $216,881

Expense Breakdown

Grants Paid $0

Salaries & Benefits $113,576

Fundraising Expenses $0

Program Expenses $200,440

Other Expenses $155,859

TOTAL EXPENSES $269,435

Year-over-Year Comparison

	2024	2023	Change
Revenue	$216,881	$248,514	-0.1%
Expenses	$269,435	$217,468	+0.2%
Net Income	$-52,554	$31,046	-2.7%

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

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

Employees

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

$76,950

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KHAM ALI MD	PRESIDENT	0.00	Officer Director	$0	$0	$0
ANAIS CARNICIU MD	PRESIDENT-EL	0.00	Officer Director	$0	$0	$0
MARSHAL PERIS MD	VICE PRESIDE	0.00	Officer Director	$0	$0	$0
THOMAS LEE MD	TREASURER	0.00	Officer Director	$0	$0	$0
BRUCE MOLINELLI MD	SECRETARY	0.00	Officer Director	$0	$0	$0
PETER ACKER MD	IMMEDIATE PA	0.00	Officer Director	$0	$0	$0
BONNIE LITVACK MD	DELEGATES CO	0.00	Director	$0	$0	$0
ANDREW KLEINMAN MD	BUDGET & FIN	0.00	Director	$0	$0	$0
RONALD JACOBSON MD	PUBLIC HEALT	0.00	Director	$0	$0	$0
DANIEL GOLD MD	LEGISLATIVE	0.00	Director	$0	$0	$0
JANINE MILLER	EXECUTIVE DI	20.00	Director	$75,750	$1,200	$76,950

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	$216,881	$269,435	$69,848	$-52,554
2023	$248,514	$217,468	$87,991	$31,046
2022	$210,001	$174,071	$73,184	$35,930
2021	$223,589	$157,035	$114,418	$66,554
2019	$216,972	$170,912	$106,957	$46,060
2018	$212,083	$177,563	$79,390	$34,520

MEDICAL SOCIETY OF THE COUNTY OF WESTCHESTER INC