VALHALLA, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)WMC-New York Inc, founded in 1999, is a major nonprofit in the Health Care sector that reported $124.6M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion.
WMC NEW YORK, INC. SHALL AT ALL TIMES BE OPERATED EXCLUSIVELY FOR CHARITABLE, SCIENTIFIC, AND EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 170(C)(2)(B) AND 501(C)(3) OF THE CODE, AND FOR THE PURPOSE OF ENGAGING IN VARIOUS ACTIVITIES THAT FURTHER, SUPPORT, BENEFIT OR CARRY OUT THE PURPOSES, MISSIONS, OBJECTIVES, OPERATIONS, AND ACTIVITIES OF 1) WCHCC, WHICH INCLUDES, WESTCHESTER MEDICAL CENTER, THE BEHAVIORAL HEALTH CENTER AT WESTCHESTER, MARIA FARERI CHILDREN'S HOSPITAL, AND MIDHUDSON REGIONAL HOSPITAL, AND 2) WESTCHESTER MEDICAL CENTER FOUNDATION, INC., A NEW YORK NOT-FOR-PROFIT CORPORATION, INCLUDING, WITHOUT LIMITATION, FOR THE PURPOSE OF SERVING AS A HOLDING CORPORATION FOR ONE OR MORE OTHER FOR-PROFIT AND NOT-FOR-PROFIT CORPORATIONS, INCLUDING SPECIFICALLY, A NOT-FOR-PROFIT CAPTIVE INSURANCE CORPORATION THAT OPERATES FOR THE PURPOSE OF ACCUMULATING, HOLDING, AND OTHERWISE SERVING AS AN INSURANCE COMPANY TO BE USED TO SATISFY PROFESSIONAL LIABILITY CLAIMS AND OTHER CLAIMS.
WMC NEW YORK, INC. (WMC NY)'S PURPOSE IS TO ENGAGE IN VARIOUS ACTIVITIES THAT FURTHER, SUPPORT, BENEFIT OR CARRY OUT THE PURPOSES, MISSIONS, OBJECTIVES, OPERATIONS AND ACTIVITIES OF WESTCHESTER...
WMC NEW YORK, INC. (WMC NY)'S PURPOSE IS TO ENGAGE IN VARIOUS ACTIVITIES THAT FURTHER, SUPPORT, BENEFIT OR CARRY OUT THE PURPOSES, MISSIONS, OBJECTIVES, OPERATIONS AND ACTIVITIES OF WESTCHESTER MEDICAL CENTER, WHICH INCLUDES WESTCHESTER MEDICAL CENTER, MARIA FARERI CHILDREN'S HOSPITAL, THE BEHAVIORAL HEALTH CENTER AT WESTCHESTER, AND SUCH OTHER HOSPITALS AND HEALTH CARE FACILITIES AS MAY BE ESTABLISHED OR TO OTHERWISE BECOME PART OF WESTCHESTER MEDICAL CENTER IN THE FUTURE, AND WESTCHESTER MEDICAL CENTER FOUNDATION, INC., A NEW YORK NOT-FOR-PROFIT CORPORATION. IN ADDITION, WMC NY IS THE HOLDER OF 100% OF THE MEMBERSHIP SHARES IN WCHCC (BERMUDA), LIMITED, A BERMUDA INSURANCE COMPANY FORMED TO SERVE AS AN OFF-SHORE CAPTIVE INSURANCE COMPANY FOR WESTCHESTER COUNTY HEALTH CARE CORPORATION (WCHCC). WMC NY IS ALSO THE SOLE MEMBER OF MID-HUDSON VALLEY STAFFCO, LLC, A PROFESSIONAL EMPLOYER ORGANIZATION. WMC NY IS ALSO THE SOLE MEMBER OF HUDSON VALLEY PROPERTY HOLDINGS LLC. WMC NY IS ALSO THE SOLE MEMBER OF CENTER FOR REGIONAL HEALTHCARE INNOVATION LLC, WHICH SERVES AS A CENTRALIZED SERVICES PROVIDER TO THE PERFORMING PROVIDER SYSTEM BEING ESTABLISHED BY WCHCC TO SERVE AS A CENTER TO EVALUATE AND IMPLEMENT BEST PRACTICES IN HEALTHCARE DELIVERY FOR THE HUDSON VALLEY REGION.
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 | $124,578,683 | $112,433,761 | +0.1% |
| Expenses | $123,974,371 | $111,854,950 | +0.1% |
| Net Income | $604,312 | $578,811 | +0.0% |
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 |
|---|---|---|---|---|---|---|
| N/A | TREASURER (Resigned October 2023) | 1.0 |
Officer
Director
|
$0 | $42,822 | $2,409,647 |
| N/A | EXECUTIVE DIRECTOR (EFFECTIVE November 2023) | 1.0 |
Officer
Director
|
$0 | $32,217 | $655,103 |
| N/A | SECRETARY | 1.0 |
Officer
Director
|
$0 | $34,187 | $1,093,397 |
| N/A | CHAIR | 1.0 |
Officer
Director
|
$0 | $0 | $0 |
| N/A | TRUSTEE | 1.0 |
Director
|
$0 | $0 | $0 |
| N/A | TRUSTEE | 1.0 |
Director
|
$0 | $63,028 | $3,457,592 |
| N/A | EXECUTIVE DIRECTOR (Resigned November 2023) | 1.0 |
Officer
|
$0 | $84,485 | $465,648 |
| N/A | REGISTERED NURSE | 40.0 |
Highest
|
$250,091 | $26,902 | $276,993 |
| N/A | DIRECTOR, PHARMACY | 40.0 |
Highest
|
$200,019 | $70,510 | $270,529 |
| N/A | REGISTERED NURSE | 40.0 |
Highest
|
$196,933 | $27,571 | $224,504 |
| N/A | MANAGER, PHARMACY | 40.0 |
Highest
|
$197,788 | $76,087 | $273,875 |
| N/A | REGISTERED NURSE | 40.0 |
Highest
|
$248,320 | $32,565 | $280,885 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $124,578,683 | $123,974,371 | $34,253,798 | $604,312 |
| 2023 | $124,578,683 | $123,974,371 | $34,253,798 | $604,312 |
| 2022 | $112,433,761 | $111,854,950 | $42,823,340 | $578,811 |
| 2021 | $127,154,410 | $126,197,031 | $75,382,108 | $957,379 |
| 2020 | $140,248,899 | $139,813,709 | $40,625,078 | $435,190 |
| 2019 | $148,573,745 | $148,961,716 | $35,140,246 | $-387,971 |
| 2018 | $160,420,892 | $161,108,668 | $45,148,962 | $-687,776 |
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