ONEIDA MEDICAL PRACTICE PC (EIN 261147857) - Form 990 Financial Analysis & Trantor Score

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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

2007

Legal Domicile

Principal Officer

JEREMIAH SWEET

Phone

3153636000

Tax Period

2023-01-01 to 2023-12-31

ONEIDA MEDICAL PRACTICE PC, founded in 2007, is a mid-sized nonprofit in the Health Care sector that reported $15.5M in total revenue in fiscal year 2023. Expenses of $27.3M exceeded revenue, resulting in a 75% operating deficit.

Mission

ONEIDA MEDICAL PRACTICE, P.C. IS A NOT-FOR-PROFIT ORGANIZATION COMMITTED TO PROVIDING MEDICAL AND OTHER HEALTH RELATED SERVICES IN FURTHERANCE OF ONEIDA HEALTH SYSTEMS, INC. D/B/A ONEIDA HEALTH'S CHARITABLE PURPOSE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $15,276,405

Investment Income $0

Other Revenue $266,690

TOTAL REVENUE $15,543,095

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $22,019,870

Other Expenses $27,277,615

TOTAL EXPENSES $27,277,615

Year-over-Year Comparison

	2023	2022	Change
Revenue	$15,543,095	$15,529,039	+0.0%
Expenses	$27,277,615	$26,582,410	+0.0%
Net Income	$-11,734,520	$-11,053,371	+0.1%

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

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

$1,258,227

Total Directors

$490,479

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HARRY CAPONE MD	SOLE MEMBER/PRESIDENT	2.00	Officer Director	$0	$47,252	$490,479
JEREMIAH SWEET - CEO 6123-91723	CFO/INTERIM CEO	0.30	Officer	$0	$45,747	$370,978
JONATHAN SCHILLER - RESIGNED 53123	CEO/SECRETARY	0.30	Officer	$0	$26,677	$265,231
FELISSA KOERNIG - JOINED 91823	CEO/SECRETARY	0.30	Officer	$0	$7,124	$131,539

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	$15,543,095	$27,277,615	$1,399,308	$-11,734,520
2022	$15,529,039	$26,582,410	$2,922,113	$-11,053,371
2021	$13,472,867	$23,246,146	$2,895,096	$-9,773,279
2020	$10,132,158	$20,007,206	$2,268,104	$-9,875,048
2019	$10,607,460	$19,162,600	$2,483,354	$-8,555,140
2018	$8,673,875	$15,564,176	$3,128,257	$-6,890,301

ONEIDA MEDICAL PRACTICE PC