Farmingdale, NJ
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Monmouth Ocean Hospital Serv Corp, founded in 1984, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2022. Revenue fell 64% from the prior year — a significant decline worth monitoring. Expenses of $8.8M exceeded revenue, resulting in a 434% operating deficit.
TO IMPROVE HEALTHCARE FOR THE 2.8 MILLION RESIDENTS WHO LIVE IN THE MORE THAN 1,800 SQUARE MILES OF NEW JERSEY'S NORTHERN, CENTRAL AND SOUTHERN SHORE AND REDUCE COSTS FOR THE FIFTEEN ACUTE CARE HOSPITALS WHO ARE MEMBERS OF THE HEALTHCARE CO-OPERATIVE.
MICU Services - Mobile intensive care for patients on behalf of our member hospitals. Mobile intensive care involves paramedics providing advances life support services provided to patients...
MICU Services - Mobile intensive care for patients on behalf of our member hospitals. Mobile intensive care involves paramedics providing advances life support services provided to patients regardless of their ability to pay. In 2022, 0 calls were made as operations ceased on 4/1/2020. Basic Life Support Calls involve emergency medical technicians treating patients for 911 and inter-facility ambulance service calls regardless of the patients' ability to pay. In 2022, 0 calls were made as operations ceased on 4/1/2020. MCCS Service - Inter-facility advanced life support calls are provided by a registered nurse, with advanced training and an emergency medical technician treating the most serious ambulance inter-facility transport service calls regardless of the patients' ability to pay. In 2022, 0 calls were made as operations ceased on 4/1/2020. Financial results reflect subsequent activity realized in 2022 during company dissolution process.
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)| 2022 | 2021 | Change | |
|---|---|---|---|
| Revenue | $1,647,571 | $4,585,301 | -0.6% |
| Expenses | $8,802,678 | $1,496,829 | +4.9% |
| Net Income | $-7,155,107 | $3,088,472 | -3.3% |
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 |
|---|---|---|---|---|---|---|
| BRIAN HECTOR | CFO | 50.0 |
Officer
|
$214,573 | $38,148 | $252,721 |
| DAVID SHOTWELL | IN-HOUSE LEGAL OFFICER | 1.0 |
Highest
|
$157,091 | $10,295 | $167,386 |
| JOHN DOLL | DIRECTOR | 1.0 |
Director
|
$0 | $0 | $0 |
| RICHARD HAND | DIRECTOR | 1.0 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2022 | $1,647,571 | $8,802,678 | $1,108,498 | $-7,155,107 |
| 2021 | $4,585,301 | $1,496,829 | $9,648,155 | $3,088,472 |
| 2020 | $9,385,631 | $13,077,272 | $13,808,379 | $-3,691,641 |
| 2019 | $30,905,176 | $31,390,773 | $20,798,617 | $-485,597 |
| 2018 | $36,681,843 | $33,747,150 | $21,186,784 | $2,934,693 |
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