BETANCES HEALTH CENTER

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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

1973

Legal Domicile

Phone

2122278401

Tax Period

2024-01-01 to 2024-12-31

BETANCES HEALTH CENTER, founded in 1973, is a mid-sized nonprofit in the Health Care sector that reported $29.2M in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year. Expenses of $27.8M left a modest 5% surplus.

Mission

Betances Health Center mission aims to remedy health disparities among individuals residing in underserved ethnically diverse neighborhood in the Lower East Side of Manhattan and Bushwick in Brooklyn

Program Service Accomplishments

Program 1

Expenses: $22,616,018

Betances is a Federally Qualified Health Center providing primary medical care, dental, behavioral health, nutrition, womens health, podiatry and case management services to multi-ethnic communities on the Lower East Side of Manhattan and Bushwick in Brooklyn. The Center attained designation as a Level 111, Patient Centered Medical Home PCMH from the National Committee for Quality Care NCQA 2014 Standards. Achieving PCMH designation was a major undertaking and a long-term strategic goal of the organization which was critical to our future success in the rapidly transforming health care environment, and is essential for achieving the triple aim of better quality of care, delivered at lower costs with greater patient satisfaction, improved efficiency and lower practice costs. Betances has received the HRSA Quality Improvement Award for seven consecutive years. In 2024, the Center served 7,594 patients with visits totaling 44,331.

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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 $8,849,899

Program Service Revenue $7,894,274

Investment Income $654,895

Other Revenue $11,821,654

TOTAL REVENUE $29,220,722

Expense Breakdown

Grants Paid $0

Salaries & Benefits $12,511,197

Fundraising Expenses $0

Program Expenses $22,616,018

Other Expenses $15,258,443

TOTAL EXPENSES $27,769,640

Year-over-Year Comparison

	2024	2023	Change
Revenue	$29,220,722	$33,769,083	-0.1%
Expenses	$27,769,640	$25,843,747	+0.1%
Net Income	$1,451,082	$7,925,336	-0.8%

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

122

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

$614,929

Total Directors

Key Employees

$331,553

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARIA CELLARIO	CHIEF MEDICAL OFFICER	040.00	Key Emp	$304,899	$26,654	$331,553
JULIA TSIEN	CHIEF EXECUTIVE OFFICER	040.00	Officer	$299,780	$30,104	$329,884
DEOCHAND NARAIN	CHIEF FINANCIAL OFFICER	040.00	Officer	$258,865	$26,180	$285,045
MARIANNE CLINTON	PHYSICIAN	040.00	Highest	$251,542	$9,186	$260,728
LAURA CRANDALL	PHYSICIAN	040.00	Highest	$240,180	$18,610	$258,790
LORRAINE DOGAN	PHYSICIAN	040.00	Highest	$240,632	$9,186	$249,818
JUAN BAILEY	PHYSICIAN	040.00	Highest	$215,770	$9,361	$225,131
JAMILETT AGUIRRE	PHYSICIAN	040.00	Highest	$192,665	$9,186	$201,851
PATRICK PERKINS	BOARD MEMBER	002.00	Director	$0	$0	$0
ELMER CASTRO	TREASURER	002.00	Officer Director	$0	$0	$0
LINDA HARRISON	BOARD MEMEBER	001.00	Director	$0	$0	$0
LEVI MURRAY	BOARD MEMEBER	001.00	Director	$0	$0	$0
JERRY LYNCH	SECRETARY	002.00	Officer Director	$0	$0	$0
RITA PABON	VICE CHAIRPERSON	001.00	Officer Director	$0	$0	$0
SANTOS RIVERA JR	CHAIRPERSON	001.00	Officer Director	$0	$0	$0
SANDY LUO	BOARD MEMBER	001.00	Director	$0	$0	$0
DAVID GARZA	BOARD MEMBER	001.00	Director	$0	$0	$0
BRIAN JONES	BOARD MEMBER	001.00	Director	$0	$0	$0
ARTURO O'FARRILL	BOARD MEMBER	001.00	Director	$0	$0	$0
NOCK MARC	BOARD MEMBER	001.00	Director	$0	$0	$0
EVETTE MADURO	CHIEF EXECUTIVE OFFICER	040.00	Officer	$0	$0	$0

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	$29,220,722	$27,769,640	$21,553,135	$1,451,082
2023	$33,769,083	$25,843,747	$22,391,844	$7,925,336
2022	$21,380,802	$20,368,978	$14,839,734	$1,011,824
2021	$19,758,913	$17,568,183	$7,749,234	$2,190,730
2020	$16,622,864	$15,671,131	$6,820,689	$951,733
2019	$14,208,133	$13,893,870	$3,903,370	$314,263
2018	$11,586,140	$11,250,898	$3,633,245	$335,242