NEW YORK, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)SVCMC INC, founded in 1999, is a major nonprofit in the Health Care sector that reported $123.7M in total revenue in fiscal year 2023. Expenses of $106.2M left a modest 14% surplus.
SAINT VINCENT CATHOLIC MEDICAL CENTERS OF NEW YORK (THE ORGANIZATION") WAS ESTABLISHED TO CARRY ON THE HEALING MISSION OF JESUS TO THE SICK AND SHALL PERFORM ITS SPECIFIC CORPORATE PURPOSES IN CONFORMITY WITH THE TEACHINGS AND MORAL TENETS SET FORTH IN THE LATEST EDITION OF THE DOCUMENT ENTITLED "ETHICAL AND RELIGIOUS DIRECTIVES FOR CATHOLIC HEALTH CARE SERVICES" APPROVED BY THE NATIONAL CONFERENCE OF CATHOLIC BISHOPS AND AS PROMULGATED BY THE LOCAL DIOCESAN BISHOP. THE ORGANIZATION OPERATES THE UNIFORMED SERVICES FAMILY HEALTH PLAN (USFHP), WHICH IS A TRICARE PRIME MILITARY HEALTH CARE OPTION THAT'S SPONSORED BY THE DEPARTMENT OF DEFENSE. USFHP HAS PROVIDED COMPREHENSIVE CARE FOR MILITARY FAMILIES FOR OVER 30 YEARS. THROUGH THE USFHP, THE ORGANIZATION OFFERS HEALTH CARE SERVICES, INCLUDING WELLNESS AND DISEASE PREVENTION PROGRAMS, DISEASE MANAGEMENT AND CONTINUITY OF CARE, TO MILITARY FAMILIES INCLUDING ACTIVE AND RETIRED NATIONAL GUARD AND RESERVISTS WHO RESIDE IN NEW JERSEY, NEW YORK CITY, WESTCHESTER, ORANGE, ROCKLAND, SUFFOLK, AND NASSAU COUNTIES, AS WELL AS EASTERN PENNSYLVANIA AND WESTERN CONNECTICUT. IN ADDITION, THE ORGANIZATION IS THE SOLE SHAREHOLDER OF QUEENSBROOK INSURANCE LIMITED ("QIL"), A CAYMAN ISLANDS BASED, CAPTIVE INSURANCE COMPANY WHICH WAS SET UP TO INSURE THE MEDICAL MALPRACTICE OF PROVIDERS EMPLOYED BY THE ORGANIZATION, AS WELL AS TO PROVIDE CASUALTY INSURANCE. DURING 2022, QIL WAS FORMERLY CLOSED AND DISSOLVED, THE REMAINING ASSETS TRANSFERRED TO THE ORGANIZATION. THE ORGANIZATION ALSO HAS AN OWNERSHIP INTEREST (AS THE SOLE SHAREHOLDER) IN QUEENSBROOK INSURANCE LIMITED NEW YORK ("QIL NY"), A DOMESTIC CAPTIVE INSURANCE COMPANY SET UP FOR THE SOLE PURPOSE OF REINSURING THE LIABILITIES OF QIL AND PROVIDING EXCESS INSURANCE COVERAGE FOR PHYSICIANS WHO WERE PREVIOUSLY EMPLOYED BY, OR AFFILIATED WITH, THE ORGANIZATION AND COVERED BY QIL (THIS WAS QIL NY'S ONLY SOURCE OF BUSINESS). QIL NY CEASED TO UNDERWRITE INSURANCE COVERAGE, EFFECTIVE JULY 1, 2011, NO LONGER HOLDS A LICENSE TO DO BUSINESS IN NEW YORK, AND, AS SUCH, IS IN THE PROCESS OF WINDING DOWN ITS FINAL CLAIMS IN ORDER TO EVENTUALLY DISSOLVE. A VOLUNTARY PETITION FOR RELIEF UNDER CHAPTER 11 OF THE BANKRUPTCY CODE WAS FILED IN APRIL 2010; ON JUNE 15, 2012, A "DEBTOR'S PLAN" WAS APPROVED.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $123,696,190 | $120,679,384 | +0.0% |
| Expenses | $106,186,841 | $105,726,374 | +0.0% |
| Net Income | $17,509,349 | $14,953,010 | +0.2% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| DONNA DODGE | CHAIRPERSON | 0.25 |
Officer
Director
|
$0 | $0 | $0 |
| JANE IANNUCELLI SC | TRUSTEE | 0.25 |
Director
|
$0 | $0 | $0 |
| JAMES LANDY | TRUSTEE | 0.25 |
Director
|
$0 | $0 | $0 |
| MARGARET O'BRIEN | TRUSTEE | 0.25 |
Director
|
$0 | $0 | $0 |
| FRED SALERNO | TRUSTEE | 0.25 |
Director
|
$0 | $0 | $0 |
| VAUGHN WILLIAMS | TRUSTEE | 0.25 |
Director
|
$0 | $0 | $0 |
| STEVEN R KORF | PRESIDENT & CEO | 15.00 |
Officer
|
$0 | $0 | $0 |
| JENNIFER COFFEY | CHIEF LEGAL OFFICER | 40.00 |
Officer
|
$544,058 | $57,892 | $601,950 |
| ROBERT MARIANI | CHIEF FINANCIAL OFFICER | 40.00 |
Officer
|
$160,698 | $4,874 | $165,572 |
| JEFFREY BLOOM | SVP OPERATIONS | 40.00 |
Key Emp
|
$672,166 | $43,708 | $715,874 |
| EDMOND WONG | DIRECTOR OF FINANCE | 40.00 |
Highest
|
$211,032 | $54,115 | $265,147 |
| ROBERTA MCNEILL | CHIEF MEDICAL OFFICER | 40.00 |
Highest
|
$466,915 | $43,708 | $510,623 |
| BETTY ANN KELLY | PHYSICIAN | 40.00 |
Highest
|
$237,609 | $23,286 | $260,895 |
| DONNA BRITT | ADMIN DIRECTOR, HR | 40.00 |
Highest
|
$238,229 | $23,352 | $261,581 |
| MARIO AMAYA | DIRECTOR OF OPERATIONS | 40.00 |
Highest
|
$227,656 | $54,194 | $281,850 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $123,696,190 | $106,186,841 | $85,316,978 | $17,509,349 |
| 2022 | $120,679,384 | $105,726,374 | $89,538,847 | $14,953,010 |
| 2021 | $117,640,224 | $104,964,676 | $74,621,358 | $12,675,548 |
| 2020 | $112,916,551 | $103,485,466 | $46,772,612 | $9,431,085 |
| 2019 | $108,368,490 | $101,136,725 | $34,688,233 | $7,231,765 |
| 2018 | $116,068,125 | $112,735,730 | $26,038,827 | $3,332,395 |
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