PREMIER HEALTHCARE INC

EIN: 133916271 501(c)(3) Health Care

NEW YORK, NY

Total Revenue
$16,712,478
Total Expenses
$18,923,098
Total Assets
$20,422,638
Net Assets
$-13,261,213
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
NY
Principal Officer
KEVIN CAREY
Phone
2122736100
Tax Period
2023-01-01 to 2023-12-31

PREMIER HEALTHCARE INC, founded in 1996, is a mid-sized nonprofit in the Health Care sector that reported $16.7M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $18.9M exceeded revenue, resulting in a 13% operating deficit.

Mission

PREMIER HEALTHCARE, INC. IS A NATIONAL COMMISSION ON QUALITY ASSURANCE RECOGNIZED PATIENT - CENTERED MEDICAL HOME OFFERING HEALTH CARE SERVICES TO THE GENERAL PUBLIC WITH A SPECIALTY IN MEDICAL SERVICES FOR PEOPLE WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES AND THEIR FAMILIES IN MANY SITES THROUGHOUT THE NEW YORK AREA. PREMIER HEALTHCARE, INC., AN OUTPATIENT DIAGNOSTIC AND TREATMENT CENTER,PROVIDES OUTPATIENT CLINIC SERVICES WHICH INCLUDE: AUDIOLOGY, PRIMARY HEALTH, PEDIATRICS, INTERNAL MEDICINE, DENTISTRY (INCLUDING DESENSITIZATION), NUTRITION, NEUROLOGY, PODIATRY, PSYCHIATRY, PHYSICAL THERAPY, OCCUPATIONAL THERAPY, OPHTHALMOLOGY, SPEECH PATHOLOGY AND PSYCHOLOGY. PREMIER HEALTHCARE, INC.'S PRIMARY SOURCE OF REVENUE IS PATIENT SERVICE FEES RECEIVED FROM MEDICAID, MEDICARE AND OTHER THIRD-PARTY PAYERS. MEDICAID REPRESENTS OVER 90% OF THE TOTAL REVENUE.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $4,280
Program Service Revenue $16,525,020
Investment Income $0
Other Revenue $183,178
TOTAL REVENUE $16,712,478

Expense Breakdown

Grants Paid $0
Salaries & Benefits $10,853,583
Fundraising Expenses $0
Program Expenses $16,718,907
Other Expenses $8,069,515
TOTAL EXPENSES $18,923,098

Year-over-Year Comparison

2023 2022 Change
Revenue $16,712,478 $15,226,300 +0.1%
Expenses $18,923,098 $17,290,139 +0.1%
Net Income $-2,210,620 $-2,063,839 +0.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
2
Employees
205
Volunteers
3

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
$957,555
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID STAFFORD TRUSTEE 1.00
Director
$0 $0 $0
JEFFERY MORDOS CHAIRMAN 1.00
Officer Director
$0 $0 $0
JEFFREY LIEBERMAN ESQ TRUSTEE 1.00
Director
$0 $0 $0
KEVIN CAREY CEO 3.00
Officer
$0 $141,958 $690,142
VANDA ANGELILLO ACTING CFO 40.00
Officer
$0 $22,039 $267,413
ANNA VIRON CHIEF OF DENTISTRY 40.00
Highest
$197,202 $15,945 $213,147
ELSTON L VOLKERTS NURSE PRACTITIONER 40.00
Highest
$182,189 $35,517 $217,706
PETER BULOW PSYCHIATRIST 40.00
Highest
$305,526 $3,819 $309,345
DOUGLAS REED NURSE PRACTITIONER PSYCH 40.00
Highest
$237,860 $7,136 $244,996
JAVAID IFTIKAR NURSE PRACTITIONER PSYCH 40.00
Highest
$193,050 $0 $193,050
HOPE LEVY EXECUTIVE DIRECTOR (FORMER) 0.00
$175,000 $0 $359,582
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 $16,712,478 $18,923,098 $20,422,638 $-2,210,620
2022 $15,226,300 $17,290,139 $19,202,952 $-2,063,839
2021 $17,244,190 $17,084,772 $20,734,387 $159,418
2020 $13,983,772 $15,369,963 $4,186,420 $-1,386,191
2019 $17,035,642 $17,093,262 $5,687,678 $-57,620
2018 $15,264,783 $16,181,399 $3,199,517 $-916,616
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