NEW YORK COUNTY HEALTH SERVICES REVIEW ORGANIZATION INC

EIN: 237379635 501(c)(3)

NEW YORK, NY

Total Revenue
$4,216,122
Total Expenses
$2,644,442
Total Assets
$42,058,168
Net Assets
$22,109,550
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1974
Legal Domicile
NY
Phone
2128976000
Tax Period
2023-12-31 to 2024-12-30

NEW YORK COUNTY HEALTH SERVICES REVIEW ORGANIZATION INC, founded in 1974, is a community nonprofit that reported $4.2M in total revenue in fiscal year 2024. Revenue surged 41% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.6M, a strong 37% operating margin.

Mission

TO REVIEW MEDICAL CLAIMS, PROVIDE HEALTHCARE ASSESMENTS ON BEHALF OF GOVERNMENT AGENCIES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $534,577
Program Service Revenue $2,104,010
Investment Income $1,577,535
Other Revenue $0
TOTAL REVENUE $4,216,122

Expense Breakdown

Grants Paid $189,035
Salaries & Benefits $1,938,403
Fundraising Expenses $0
Program Expenses $2,455,422
Other Expenses $517,004
TOTAL EXPENSES $2,644,442

Year-over-Year Comparison

2024 2023 Change
Revenue $4,216,122 $2,997,283 +0.4%
Expenses $2,644,442 $2,900,955 -0.1%
Net Income $1,571,680 $96,328 +15.3%
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

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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
7
Employees
13
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
4
$1,569,098
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL MCGARVEY MD VICE CHAIRMAN 0.5
Officer Director
$0 $0 $0
NORMAN MEDOW MD CHAIRMAN 0.5
Officer Director
$0 $0 $0
DANIEL STEPHENS MD DIRECTOR 0.5
Director
$0 $0 $0
ERIC GROSSMAN MD DIRECTOR 0.5
Director
$0 $0 $0
JANET MACKIN EDD DIRECTOR 0.5
Director
$0 $0 $0
JOHN C LEWIN MD DIRECTOR 0.5
Director
$0 $0 $0
STEPHEN SCHOENBAUM MD DIRECTOR 0.0
Director
$0 $0 $0
HIMANSHU R SHAH CHIEF FINANCIAL OFFICER 2.5
Officer
$22,716 $13,230 $467,558
SPENCER C YOUNG CHIEF EXECUTIVE OFFICER 2.5
Officer
$52,896 $43,621 $1,101,540
EDWARD PRUNIER MD PHYSICIAN 37.5
Highest
$126,544 $5,240 $131,784
IHAB GIRGIS DIRECTOR 37.5
Highest
$123,905 $5,240 $129,145
MARTIN BHARATH MD PHYSICIAN 37.5
Highest
$137,337 $13,800 $151,137
ROBERT ROSENBLOOM SVP - LEGAL/COMPLIANCE 7.5
Highest
$57,432 $15,114 $302,275
WINNIE YUEN DIRECTOR OF FINANCE 2.5
Highest
$10,434 $8,327 $217,011
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 $4,216,122 $2,644,442 $42,058,168 $1,571,680
2023 $2,997,283 $2,900,955 $42,724,314 $96,328
2022 $2,931,148 $3,019,576 $43,916,050 $-88,428
2021 $5,159,805 $6,404,891 $23,529,408 $-1,245,086
2020 $4,527,112 $4,477,589 $24,376,363 $49,523
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