UNION HEALTH CENTER INC

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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

1917

Legal Domicile

Principal Officer

DR NEIL PASCO

Phone

2129242510

Tax Period

2023-01-01 to 2023-12-31

UNION HEALTH CENTER INC, founded in 1917, is a mid-sized nonprofit in the Health Care sector that reported $18.3M in total revenue in fiscal year 2023. Revenue fell 20% from the prior year — a significant decline worth monitoring. Expenses of $17.6M left a modest 4% surplus.

Mission

UNION HEALTH CENTER, INC. (THE "CENTER") IS A FREESTANDING DIAGNOSTIC AND TREATMENT CENTER, LICENSED UNDER ARTICLE 28 OF THE NEW YORK STATE HEALTH LAW, LOCATED IN THE CITY OF NEW YORK. THE CENTER WAS INCORPORATED UNDER THE NAME UNION SANATORIUM ASSOCIATION.THE CENTER WAS INCORPORATED IN 1917 AS THE FIRST FACILITY OF ITS TYPE FOR UNION MEMBERS IN THE UNITED STATES. THE CENTER PROVIDES A BROAD RANGE OF HEALTH SERVICES, MAINLY TO UNION MEMBERS, THEIR DEPENDENTS, AND RETIREES IN THE NEW YORK CITY CITY METROPOLITAN AREA.

Program Service Accomplishments

Program 1

Expenses: $13,548,847 Revenue: $18,125,009

OUTPATIENT CLINIC WHOSE PRINCIPAL PURPOSE AND FUNCTION IS PROVIDING MEDICAL SERVICES TO ITS MEMBERS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $18,088,546

Investment Income $171,342

Other Revenue $36,463

TOTAL REVENUE $18,296,351

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,568,690

Fundraising Expenses $0

Program Expenses $13,548,847

Other Expenses $6,998,528

TOTAL EXPENSES $17,567,218

Year-over-Year Comparison

	2023	2022	Change
Revenue	$18,296,351	$22,890,870	-0.2%
Expenses	$17,567,218	$17,244,565	+0.0%
Net Income	$729,133	$5,646,305	-0.9%

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

118

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

$1,126,161

Total Directors

$376,329

Key Employees

$483,463

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANGELO DASCOLI	BOARD MEMBER	1.00	Director	$0	$0	$0
EDGAR ROMNEY	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
HARRY WEINBERG	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN SANTOS	BOARD MEMBER	1.00	Director	$0	$0	$0
JULIE KELLY	BOARD MEMBER	1.00	Director	$0	$0	$0
KATE FERRANTI	BOARD MEMBER	1.00	Director	$0	$0	$0
MAY CHEN	BOARD MEMBER	1.00	Director	$0	$0	$0
NEREIDA CORREA	BOARD MEMBER	1.00	Director	$0	$0	$0
PETER FINN	SECRETARY	1.00	Officer Director	$0	$0	$0
PETER GOLDBERGER	TREASURER	1.00	Officer Director	$0	$43,401	$376,329
SUSAN COWELL	PRESIDENT	1.00	Officer Director	$0	$0	$0
AUDREY LUM	CHIEF CLINICAL SERVICE OFFICER	35.00	Officer	$250,901	$54,409	$305,310
DEBRA E BERG MD	MEDICAL DIRECTOR	35.00	Officer	$54,636	$11,569	$66,205
DR NEIL PASCO	CEO/CMO	35.00	Officer	$314,201	$39,683	$353,884
RAMIREZ BARON DIANA	MEDICAL DIRECTOR	35.00	Officer	$21,154	$3,279	$24,433
SURJEET SEEHRA	CHIEF FINANCIAL OFFICER	35.00	Officer	$0	$0	$0
SOTONYE P HARRY	HR DIRECTOR	35.00	Key Emp	$160,488	$45,575	$206,063
VIPUL PATEL	CHIEF INFORMATION OFFICER	35.00	Key Emp	$215,233	$62,167	$277,400
CAROLINE COICOU MD	PRIMARY CARE PROVIDER	35.00	Highest	$218,772	$50,014	$268,786
CRESPO MASSIEL FLEURY	PRIMARY CARE PROVIDER	35.00	Highest	$205,077	$50,361	$255,438
MOLLY ANNE COLLINS MD	ASSOCIATE MEDICAL DIRECTOR	35.00	Highest	$172,261	$53,621	$225,882
SEETOE TERRY	PRIMARY CARE PROVIDER	35.00	Highest	$203,697	$52,604	$256,301
VESNA GIZDAVCIC MD	PRIMARY CARE PROVIDER	35.00	Highest	$208,576	$56,576	$265,152

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	$18,296,351	$17,567,218	$33,555,138	$729,133
2022	$22,890,870	$17,244,565	$38,180,234	$5,646,305
2021	$15,923,798	$16,448,337	$18,690,918	$-524,539
2020	$15,958,668	$16,600,028	$17,705,969	$-641,360
2019	$16,348,921	$15,582,579	$14,295,596	$766,342
2018	$14,696,103	$15,124,031	$13,279,563	$-427,928