WESTCHESTER ACADEMY OF MEDICINE

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1954

Legal Domicile

Principal Officer

DANIEL GOLD MD

Phone

9179679100

Tax Period

2023-01-01 to 2023-12-31

WESTCHESTER ACADEMY OF MEDICINE, founded in 1954, is a small nonprofit in the Education sector that reported $108K in total revenue in fiscal year 2023. Expenses of $170K exceeded revenue, resulting in a 57% operating deficit.

Mission

TO ESTABLISH, CONDUCT, OPERATE AND MAINTAIN AN ACADEMY OF MEDICINE IN WESTCHESTER COUNTY.

Program Service Accomplishments

Program 1

Expenses: $99,662 Revenue: $69,500

THE OVERALL GOALS OF THE WESTCHESTER ACADEMY OF MEDICINE CONTINUING MEDICAL EDUCATION (CME)CENTER IS TO PROVIDE OPPORTUNITIES FOR MEMBER AND NON-MEMBER PHYSICIANS AND RELATED HEALTH CARE...

THE OVERALL GOALS OF THE WESTCHESTER ACADEMY OF MEDICINE CONTINUING MEDICAL EDUCATION (CME)CENTER IS TO PROVIDE OPPORTUNITIES FOR MEMBER AND NON-MEMBER PHYSICIANS AND RELATED HEALTH CARE PROFESSIONALS TO PARTICIPATE IN EXCELLENT CONTINUING MEDICAL EDUCATIONAL PROGRAMMING. THESE PROGRAMS FOCUS ON THE LATEST TECHNOLOGICAL AND SCIENTIFIC DISCOVERIES, IMPROVEMENTS AND ENHANCEMENTS AND WILL BE PRESENTED WITH OUR JOINTLY-PROVIDED HOSPITALS AND OUR CO-PROVIDED SPECIALTY SECTIONS.

Program 2

Expenses: $3,500

THE ACADEMY HELPED TO SPONSOR THE WESTCHESTER SCIENCE AND ENGINEERING FAIR FOR HIGH SCHOOL STUDENTS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $12,517

Program Service Revenue $69,500

Investment Income $23,291

Other Revenue $3,188

TOTAL REVENUE $108,496

Expense Breakdown

Grants Paid $0

Salaries & Benefits $87,908

Fundraising Expenses $0

Program Expenses $103,162

Other Expenses $82,353

TOTAL EXPENSES $170,261

Year-over-Year Comparison

	2023	2022	Change
Revenue	$108,496	$111,746	0.0%
Expenses	$170,261	$150,746	+0.1%
Net Income	$-61,765	$-39,000	+0.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

$25,700

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIEL GOLD MD	PRESIDENT	N/A	Officer Director	$0	$0	$0
BRUCE MOLINELLI MD	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
MARSHAL PERIS MD	DIRECTOR CHA	N/A	Director	$0	$0	$0
THOMAS LEE MD	TREASURER	N/A	Officer Director	$0	$0	$0
ANAIS CARNICIU MD	SECRETARY	N/A	Officer Director	$0	$0	$0
JANINE MILLER	EXECUTIVE DI	20.00	Director	$24,500	$1,200	$25,700

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	$108,496	$170,261	$1,742,668	$-61,765
2022	$111,746	$150,746	$1,568,785	$-39,000
2022	$111,746	$150,746	$1,568,785	$-39,000
2021	$109,445	$133,024	$1,876,340	$-23,579
2019	$152,385	$131,991	$1,632,486	$20,394
2018	$174,086	$134,702	$1,440,539	$39,384