NORTH SHORE UNIVERSITY HOSPITAL AT GLEN COVE HOUSING INC

EIN: 237010468

WESTBURY, NY

Total Revenue
$374,569
Total Expenses
$335,486
Total Assets
$293,978
Net Assets
$124,030
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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
1968
Legal Domicile
NY
Principal Officer
MICHAEL J DOWLING
Phone
5163216058
Tax Period
2023-01-01 to 2023-12-31

NORTH SHORE UNIVERSITY HOSPITAL AT GLEN COVE HOUSING INC, founded in 1968, is a small nonprofit that reported $375K in total revenue in fiscal year 2023. Expenses of $335K left a modest 10% surplus.

Mission

PROVIDE HOUSING FOR RESIDENTS AND EMPLOYEES OF GLEN COVE HOSPITAL.

Program Service Accomplishments

Program 1
Expenses: $303,605 Revenue: $370,480

OPERATION AND MAINTENANCE OF AN APARTMENT COMPLEX PROVIDING HOUSING AND AUXILIARY FACILITIES FOR STAFF MEMBERS, STUDENTS, AND EMPLOYEES OF GLEN COVE HOSPITAL

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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 $4,089
Program Service Revenue $370,480
Investment Income $0
Other Revenue $0
TOTAL REVENUE $374,569

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $303,605
Other Expenses $335,486
TOTAL EXPENSES $335,486

Year-over-Year Comparison

2023 2022 Change
Revenue $374,569 $359,717 +0.0%
Expenses $335,486 $367,069 -0.1%
Net Income $39,083 $-7,352 -6.3%
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
7
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
11
$24,213,016
Total Directors
7
$20,325,065
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL DOWLING President & CEO 0.0
Officer Director
$0 $70,612 $9,042,544
MARK SOLAZZO Chairman 0.0
Officer Director
$0 $63,855 $3,710,066
MICHELE CUSACK EVP, CFO & Treasurer 0.0
Officer Director
$0 $78,507 $1,696,458
JOSEPH MOSCOLA EVP, Enterprise Management 0.0
Officer Director
$0 $50,769 $1,651,192
EUGENE TANGNEY SVP, Chf Bus Cont & Crisis Mgm 0.0
Officer Director
$0 $78,507 $1,451,043
RICHARD MILLER EVP & Chief Business Strategy 0.0
Officer Director
$0 $63,119 $1,401,009
LAURENCE KRAEMER EVP, Chf Gen Counsel & Asst Se 0.0
Officer Director
$0 $69,888 $1,372,753
DONNA DRUMMOND SVP & Chief Expense Officer 0.0
Officer
$0 $63,119 $1,217,650
KONSTANTINE COSTALAS SVP, Managed Care 0.0
Officer
$0 $78,507 $1,177,868
MARK GLOADE SVP, Deputy Gen Coun & Asst Se 0.0
Officer
$0 $78,507 $1,022,226
HARRY GINDI Assistant Secretary 0.0
Officer
$0 $64,637 $470,207
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 $374,569 $335,486 $293,978 $39,083
2022 $359,717 $367,069 $247,556 $-7,352
2021 $334,830 $283,357 $268,589 $51,473
2020 $334,004 $323,737 $216,741 $10,267
2019 $320,834 $307,258 $221,879 $13,576
2018 $322,419 $238,219 $253,065 $84,200
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