CENTERLIGHT HEALTH SYSTEM INC (EIN 133323765) - Form 990 Financial Analysis & Trantor Score

🔒

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

1984

Legal Domicile

Principal Officer

TARA BUONOCORE-RUT

Phone

7185194238

Tax Period

2024-01-01 to 2024-12-31

CENTERLIGHT HEALTH SYSTEM INC, founded in 1984, is a community nonprofit in the Unknown sector that reported $2.7M in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $2.5M left a modest 10% surplus.

Mission

TO PROMOTE THE PURPOSES AND GOALS OF NOT-FOR-PROFIT HEALTH CARE AND SUPPORT SERVICE PROVIDERS.

🔒

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 (2024)

Revenue Breakdown

Contributions & Grants $622,942

Program Service Revenue $0

Investment Income $607,191

Other Revenue $1,484,464

TOTAL REVENUE $2,714,597

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,684,250

Fundraising Expenses $0

Other Expenses $772,344

TOTAL EXPENSES $2,456,594

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,714,597	$2,196,646	+0.2%
Expenses	$2,456,594	$2,566,053	0.0%
Net Income	$258,003	$-369,407	-1.7%

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

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

$3,517,561

Total Directors

Key Employees

$884,945

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL R POTACK	CHAIRMAN	0.50	Officer Director	$0	$0	$0
HARVEY ISHOFSKY	VICE CHAIRMAN	0.50	Officer Director	$0	$0	$0
MYRON SCHLANGER	SECRETARY	0.50	Officer Director	$0	$0	$0
KENNETH ZUCKERBROT	ASST SEC/TREASURER, THRU NOV. 2024	0.50	Officer Director	$0	$0	$0
RUSSELL D FISHER	TRUSTEE	0.50	Director	$0	$0	$0
NEIL HEYMAN	TRUSTEE	0.50	Director	$0	$0	$0
STEPHEN KANTOR DDS	TRUSTEE	0.50	Director	$0	$0	$0
HOWARD KRAIN	TRUSTEE	0.50	Director	$0	$0	$0
PALLAV RAGHUVANSHI	TRUSTEE	0.25	Director	$0	$0	$0
FRED SGANGA	TRUSTEE	0.25	Director	$0	$0	$0
TARA BUONOCORE-RUT	PRESIDENT/CEO	0.25	Officer	$0	$220,562	$1,983,728
SHAUN RUSKIN	EXEC. VP, CSO THRU JUNE 2024	0.25	Officer	$0	$9,001	$612,162
LENY TIRTASAPUTRA	CFO	0.25	Officer	$0	$120,695	$921,671
DAVID SILVA MOJICA	CHIEF HR OFFICER	0.25	Key Emp	$0	$54,798	$493,894
ALICIA NELSON-JONES	CHIEF COMPLIANCE OFFICER	0.25	Key Emp	$0	$55,318	$391,051
JEANNIE DOHERTY-BENCKWIT	VP OF BUSINESS DEVELOPMENT	0.25	Highest	$0	$14,151	$384,446
EMINA TABAKOVIC	VP OF OPERATIONS	0.25	Highest	$0	$57,554	$384,382
JUSTIN WALTER	VP OF PERFORMANCE IMPROVEMENT	0.25	Highest	$0	$53,359	$380,818
GILDA ST FLEUR	VP OF QUALITY	0.25	Highest	$0	$43,301	$374,693
ALIONA COCHIORVA VP OF	STRATEGIC INITIATIVES THRU DEC 2024	0.25	Highest	$0	$46,089	$331,290

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	$2,714,597	$2,456,594	$21,473,510	$258,003
2023	$2,196,646	$2,566,053	$28,075,118	$-369,407
2022	$2,077,485	$923,083	$26,739,903	$1,154,402
2021	$1,417,744	$231,584	$26,308,671	$1,186,160
2020	$1,886,388	$1,676,425	$25,317,181	$209,963
2019	$1,027,934	$738,411	$23,401,025	$289,523
2018	$6,761,248	$213,968	$23,167,508	$6,547,280
2018	$6,831,552	$189,668	$16,653,838	$6,641,884

CENTERLIGHT HEALTH SYSTEM INC