REGIONAL MEDICAL PRACTICE PC

EIN: 204848729 501(c)(3)

CORTLAND, NY

Total Revenue
$17,700
Total Expenses
$2,031
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
NY
Principal Officer
JOSEPH RONSIVALLE MD
Phone
5708885858
Tax Period
2023-01-01 to 2023-06-30

REGIONAL MEDICAL PRACTICE PC, founded in 2006, is a micro nonprofit that reported $18K in total revenue in fiscal year 2023. Revenue fell 78% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $16K, a strong 89% operating margin.

Mission

THE ORGANIZATION'S PURPOSE WAS TO ENGAGE IN THE PRACTICE OF MEDICINE AND PROVIDE PHYSICIAN SERVICES THAT IMPROVED THE STANDARDS AND QUALITY OF HEALTHCARE AVAILABLE TO THE RESIDENTS OF CORTLAND COUNTY AND OTHER AREAS SERVED BY THE ORGANIZATION WITHOUT REGARD TO ABILITY TO PAY AND IN A CHARITABLE MANNER TO SUPPORT THE GOALS AND OBJECTIVES OF THE GUTHRIE CLINIC AND ITS AFFILIATES; A TAX-EXEMPT INTEGRATED HEALTHCARE DELIVERY SYSTEM.

Program Service Accomplishments

Program 1
Expenses: $2,031 Revenue: $17,700

EXPENSES INCURRED IN ENGAGING IN THE PRACTICE OF MEDICINE AND PROVIDING PHYSICIAN SERVICES THAT IMPROVE THE STANDARDS AND QUALITY OF HEALTHCARE AVAILABLE TO THE RESIDENTS OF CORTLAND COUNTY AND OTHER...

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EXPENSES INCURRED IN ENGAGING IN THE PRACTICE OF MEDICINE AND PROVIDING PHYSICIAN SERVICES THAT IMPROVE THE STANDARDS AND QUALITY OF HEALTHCARE AVAILABLE TO THE RESIDENTS OF CORTLAND COUNTY AND OTHER AREAS SERVED BY THE ORGANIZATION WITHOUT REGARD TO ABILITY TO PAY AND IN A CHARITABLE MANNER TO SUPPORT THE GOALS AND OBJECTIVES OF THE GUTHRIE CLINIC AND ITS AFFILIATES; A TAX-EXEMPT INTEGRATED HEALTHCARE DELIVERY SYSTEM.

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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 $0
Program Service Revenue $17,700
Investment Income $0
Other Revenue $0
TOTAL REVENUE $17,700

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $2,031
Other Expenses $2,031
TOTAL EXPENSES $2,031

Year-over-Year Comparison

2023 2022 Change
Revenue $17,700 $81,336 -0.8%
Expenses $2,031 $18,457 -0.9%
Net Income $15,669 $62,879 -0.8%
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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Governance

Voting Members
2
Independent Members
N/A
Employees
N/A
Volunteers
N/A

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
$852,253
Total Directors
3
$852,253
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOSEPH RONSIVALLE MD DIRECTOR - PRES (EFF 4/30/23) 55.0
Officer Director
$0 $24,801 $374,294
FREDERICK BLOOM MD Director - Pres (1/1-4/30/23) 55.0
Officer Director
$0 $23,260 $323,507
JENNIFER YARTYM DIRECTOR - SECRETARY 55.0
Officer Director
$0 $8,732 $154,452
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
2023 $17,700 $2,031 No data $15,669
2022 $81,336 $18,457 $1,195,480 $62,879
2021 $117,247 $50,272 $1,201,917 $66,975
2020 $3,388,520 $5,569,012 $2,154,316 $-2,180,492
2019 $13,442,610 $22,565,586 $4,293,577 $-9,122,976
2018 $13,621,410 $22,977,903 $4,508,277 $-9,356,493
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