BronxCare Health Systems

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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

1964

Legal Domicile

Phone

7189018600

Tax Period

2023-01-01 to 2023-12-31

BronxCare Health Systems, founded in 1964, is a major nonprofit in the Health Care sector that reported $950.1M in total revenue in fiscal year 2023.

Mission

BRONXCARE HEALTH SYSTEM'S MISSION IS TO DELIVER THE HIGHEST QUALITY ACCESSIBLE CARE IN RESPONDING TO THE NEEDS OF THE COMMUNITY, WHILE ASSURING AN ENVIRONMENT WHERE PATIENT SAFETY AND SATISFACTION ARE A PRIORITY. THIS MISSION EMBRACES A SAFETY CULTURE THAT IS REPORTING, LEARNING, FAIR AND JUST, AS WELL AS BUILDING A HEALTH CARE NETWORK THAT IS CONTINUOUSLY STRIVING FOR HEALTH EQUITY AND EXCELLENCE IN CARE. AT BRONXCARE, WE ANTICIPATE AND RESPOND TO CHANGES IN ORDER TO REINFORCE OUR ESSENTIAL LEADERSHIP ROLE IN THE PROVISION OF QUALITY, COMPREHENSIVE AND EQUITABLE CARE.

Program Service Accomplishments

Program 1

Expenses: $787,130,313 Revenue: $909,431,224

THE HOSPITAL CENTER IS THE CENTERPIECE OF THE BRONXCARE HEALTH SYSTEM, WHICH IS THE LARGEST VOLUNTARY, NOT-FOR-PROFIT HEALTH CARE SYSTEM SERVING THE SOUTH AND CENTRAL BRONX. THE HOSPITAL CENTER HAS 619 BEDS AT TWO MAJOR HOSPITAL DIVISIONS; A MAJOR PSYCHIATRIC FACILITY; AND AN EXTENSIVE BRONXCARE NETWORK OF MEDICAL PRACTICES, AS WELL AS A 240 BED SKILLED NURSING HOME FACILITY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $20,450,709

Program Service Revenue $909,431,224

Investment Income $19,201,691

Other Revenue $996,599

TOTAL REVENUE $950,080,223

Expense Breakdown

Grants Paid $0

Salaries & Benefits $563,639,849

Fundraising Expenses $1,922

Program Expenses $787,130,313

Other Expenses $364,284,013

TOTAL EXPENSES $927,923,862

Year-over-Year Comparison

	2023	2022	Change
Revenue	$950,080,223	$950,981,700	0.0%
Expenses	$927,923,862	$877,213,112	+0.1%
Net Income	$22,156,361	$73,768,588	-0.7%

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

4601

Volunteers

101

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

$3,519,316

Total Directors

$2,374,107

Key Employees

$2,582,105

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	ASSISTANT SECRETARY	2.0	Officer Director	$0	$0	$0
N/A	CHAIRMAN	4.0	Officer Director	$0	$0	$0
N/A	PRESIDENT AND CEO	40.0	Officer Director	$2,309,674	$64,433	$2,374,107
N/A	VICE CHAIRPERSON/SECRETARY	3.0	Officer Director	$0	$0	$0
N/A	ASSISTANT SECRETARY	2.0	Officer Director	$0	$0	$0
N/A	ASSISTANT SECRETARY	3.0	Officer Director	$0	$0	$0
N/A	BOARD MEMBER	2.0	Director	$0	$0	$0
N/A	BOARD MEMBER	2.0	Director	$0	$0	$0
N/A	BOARD MEMBER	2.0	Director	$0	$0	$0
N/A	BOARD MEMBER	2.0	Director	$0	$0	$0
N/A	BOARD MEMBER	2.0	Director	$0	$0	$0
N/A	BOARD MEMBER	2.0	Director	$0	$0	$0
N/A	BOARD MEMBER	2.0	Director	$0	$0	$0
N/A	SENIOR VICE PRESIDENT/CFO	40.0	Officer	$1,079,583	$65,626	$1,145,209
N/A	VICE PRESIDENT-OPERATIONS	40.0	Key Emp	$578,668	$71,185	$649,853
N/A	VP - REVENUE CYCLE MGMT	40.0	Key Emp	$354,006	$54,650	$408,656
N/A	VP - EXTERNAL AFFAIRS	40.0	Key Emp	$566,488	$63,665	$630,153
N/A	VICE PRESIDENT - NURSING	40.0	Key Emp	$382,988	$47,408	$430,396
N/A	VICE PRESIDENT-NURSING	40.0	Key Emp	$417,873	$45,174	$463,047
N/A	PHYSICIAN-PULMONARY	40.0	Highest	$911,151	$65,899	$977,050
N/A	CHAIRMAN-ORTHOPEDICS	40.0	Highest	$880,599	$63,355	$943,954
N/A	CHAIRMAN-OB/GYN & CMO	40.0	Highest	$1,349,307	$63,251	$1,412,558
N/A	ASSOCIATE DIR, NEUROSURGERY	40.0	Highest	$1,267,556	$59,339	$1,326,895
N/A	DIRECTOR-GRADUATE MEDICAL EDUC	40.0	Highest	$910,552	$72,199	$982,751
N/A	VP - LONG TERM CARE	0.0		$133,269	$28,579	$161,848

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	$950,080,223	$927,923,862	$971,494,559	$22,156,361
2022	$950,981,700	$877,213,112	$919,250,370	$73,768,588
2021	$899,372,037	$847,061,773	$714,368,274	$52,310,264
2020	$835,076,495	$815,727,688	$743,333,524	$19,348,807
2019	$771,397,465	$767,116,056	$563,251,621	$4,281,409
2018	$783,358,560	$770,627,566	$550,639,592	$12,730,994