BRONX RHIO 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

2005

Legal Domicile

Principal Officer

JITENDRA BARMECHA

Phone

7187086630

Tax Period

2024-01-01 to 2024-12-31

BRONX RHIO INC, founded in 2005, is a community nonprofit in the Public & Societal Benefit sector that reported $8.7M in total revenue in fiscal year 2024. Expenses of $8.3M left a modest 4% surplus.

Mission

THE BRONX RHIO'S MISSION IS TO BUILD, OPERATE AND MAINTAIN A SECURE, INTEROPERABLE CLINICAL HEALTH INFORMATION EXCHANGE THAT MAKES IT POSSIBLE FOR PATIENTS' MEDICAL RECORDS TO FOLLOW THEM WHEREVER THEY GO FOR HEALTH SERVICES. SEE SCHEDULE O.THE HEALTH INFORMATION EXCHANGE INTEGRATES CLINICAL INFORMATION DRAWN FROM MULTIPLE SOURCES AND SITES INTO A VIRTUAL MEDICAL RECORD THAT IS AVAILABLE TO AUTHORIZED USERS.

Program Service Accomplishments

Program 1

Expenses: $7,300,964 Revenue: $2,557,775

THE BRONX RHIO, INC. WAS ORGANIZED FOR THE PURPOSE OF SUPPORTING AND ADVANCING THE USE OF HEALTHCARE INFORMATION TECHNOLOGY AND DEVELOPED AND OPERATES A SECURE CLINICAL DATA EXCHANGE NETWORK FOR THE BENEFIT OF THE RESIDENTS OF NEW YORK WITH THE INTENTION OF ENHANCING PUBLIC SAFETY AND WELFARE, REDUCING DATA ERRORS AND FACILITATING THE ABILITY TO PARTICIPATE WITH GOVERNMENT AGENCIES TO MONITOR HEALTH TRENDS. THE BRONX RHIO, INC. ACHIEVED A CRITICAL MILESTONE WITH THE "GO LIVE" OF A SECURE CLINICAL DATA EXCHANGE NETWORK. THE RESIDENTS OF NEW YORK ARE NOW BENEFITING FROM THE AVAILABILITY OF THIS INFORMATION FROM WHEREVER THEY SEEK CARE AMONG BRONX RHIO, INC. MEMBER INSTITUTIONS. THE CLINICAL DATA EXCHANGE NETWORK MUST BE MAINTAINED AND ENHANCED FOR TECHNOLOGY UPGRADES AND HIGHER CAPACITIES OVER TIME.

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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 (2024)

Revenue Breakdown

Contributions & Grants $6,062,030

Program Service Revenue $2,557,775

Investment Income $88,965

Other Revenue $0

TOTAL REVENUE $8,708,770

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $7,300,964

Other Expenses $8,329,766

TOTAL EXPENSES $8,329,766

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,708,770	$8,333,060	+0.0%
Expenses	$8,329,766	$8,104,667	+0.0%
Net Income	$379,004	$228,393	+0.7%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JITENDRA BARMECHA MD	CHAIRPERSON	2.00	Officer Director	$0	$0	$0
PALOMA HERNANDEZ	VICE CHAIRPERSON	2.00	Officer Director	$0	$0	$0
IVAN DURBAK	SECRETARY	2.00	Officer Director	$0	$0	$0
CARMELA CARINO	TREASURER	2.00	Officer Director	$0	$0	$0
LOIS BOOKHARDT-MURRAY MD	DIRECTOR	2.00	Director	$0	$0	$0
ELIZABETH LEVER	DIRECTOR	2.00	Director	$0	$0	$0
STEPHEN ROSENTHAL	DIRECTOR	2.00	Director	$0	$0	$0
SUMIR SAHGAL	DIRECTOR	2.00	Director	$0	$0	$0
RACHEL SHERMAN	DIRECTOR	2.00	Director	$0	$0	$0
REGINA ZIMMERMAN	DIRECTOR	2.00	Director	$0	$0	$0
CHARLES A SCAGLIONE	EXECUTIVE DIRECTOR	35.00	Officer	$0	$0	$0

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	$8,708,770	$8,329,766	$14,235,652	$379,004
2023	$8,333,060	$8,104,667	$14,002,005	$228,393
2022	$7,314,044	$7,014,848	$13,107,398	$299,196
2021	$8,045,084	$7,531,072	$13,400,556	$514,012
2020	$8,648,625	$7,359,480	$12,888,627	$1,289,145
2019	$8,280,962	$7,233,139	$12,276,926	$1,047,823
2018	$12,134,476	$7,567,781	$11,041,422	$4,566,695