NORTHWELL HEALTH ALLIANCE INC

EIN: 263727582 501(c)(3) Health Care

WESTBURY, NY

Total Revenue
$21,570,318
Total Expenses
$19,690,445
Total Assets
$9,091,367
Net Assets
$6,000,000
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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
2008
Legal Domicile
NY
Principal Officer
DONNA DRUMMOND
Phone
5163216058
Tax Period
2023-01-01 to 2023-12-31

NORTHWELL HEALTH ALLIANCE INC, founded in 2008, is a mid-sized nonprofit in the Health Care sector that reported $21.6M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $19.7M left a modest 9% surplus.

Mission

NORTHWELL HEALTH ALLIANCE INC IS A GROUP PURCHASING COOPERATIVE FOR ITS MEMBER HOSPITALS THAT ARE TAX EXEMPT UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE.

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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 $12,230
Program Service Revenue $21,551,388
Investment Income $0
Other Revenue $6,700
TOTAL REVENUE $21,570,318

Expense Breakdown

Grants Paid $0
Salaries & Benefits $15,603,958
Fundraising Expenses $0
Program Expenses $18,093,914
Other Expenses $4,086,487
TOTAL EXPENSES $19,690,445

Year-over-Year Comparison

2023 2022 Change
Revenue $21,570,318 $19,760,829 +0.1%
Expenses $19,690,445 $17,215,110 +0.1%
Net Income $1,879,873 $2,545,719 -0.3%
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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
5
Independent Members
N/A
Employees
156
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
6
$7,562,244
Total Directors
5
$5,865,786
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHELE CUSACK EVP & CFO 0.0
Officer
$0 $78,507 $1,696,458
JOSEPH MOSCOLA EVP & Vice Chairman 0.0
Officer Director
$0 $50,769 $1,651,192
LAURENCE KRAEMER Secretary, EVP & Gen Counsel 0.0
Officer Director
$0 $69,888 $1,372,753
DONNA DRUMMOND President & Chairman 0.0
Officer Director
$0 $63,119 $1,217,650
PHYLLIS MCCREADY Executive Director 50.0
Officer Director
$979,511 $64,679 $1,044,190
BRIAN MURPHY VP, Clinical Procurement 50.0
Highest
$520,860 $78,507 $599,367
PATRICIA DINEEN VP 0.0
Officer Director
$0 $36,900 $580,001
PAUL SPODEK AVP, Distribution Operations 50.0
Highest
$381,821 $64,637 $446,458
VIKAS BALANI Deputy Chief Procurement Offic 50.0
Highest
$407,500 $36,900 $444,400
JESSICA OLPHIE VP, Supply Chain 50.0
Highest
$378,194 $63,251 $441,445
ANN CRONIN VP, Supply Chain 50.0
Highest
$384,233 $50,790 $435,023
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 $21,570,318 $19,690,445 $9,091,367 $1,879,873
2022 $19,760,829 $17,215,110 $8,697,590 $2,545,719
2021 $18,631,414 $14,894,007 $6,390,042 $3,737,407
2020 $13,054,832 $11,586,123 $6,015,986 $1,468,709
2019 $17,577,601 $12,411,282 $6,495,240 $5,166,319
2018 $14,011,111 $11,648,149 $952,465 $2,362,962
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