FLH MEDICAL PC

EIN: 263765332 501(c)(3) Health Care

GENEVA, NY

Total Revenue
$9,270,802
Total Expenses
$15,780,067
Total Assets
$9,968,133
Net Assets
$-29,687,242
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
NY
Principal Officer
MATTHEW TALBOTT MD
Phone
3157874172
Tax Period
2023-01-01 to 2023-12-31

FLH MEDICAL PC, founded in 2006, is a community nonprofit in the Health Care sector that reported $9.3M in total revenue in fiscal year 2023. Revenue decreased 18% compared to the prior year. Expenses of $15.8M exceeded revenue, resulting in a 70% operating deficit.

Mission

FLH MEDICAL, PC IS COMMITTED TO OFFERING PATIENTS THE HIGHEST QUALITY, SAFETY FOCUSED MEDICAL SERVICES AVAILABLE IN THE AREA. SERVING THE COMMUNITY THROUGH A VARIETY OF PHYSICIANS' SERVICES INCLUDING PRIMARY CARE, ORTHOPEDICS, SPECIALTY CARE, GASTROENTEROLOGY, AND URGENT CARE.

Program Service Accomplishments

Program 1
Expenses: $3,313,196 Revenue: $0

ORTHOPEDICS - TREATMENT OF DISORDERS OF THE MUSCULOSKELETAL SYSTEM INVOLVING PROBLEMS WITH BONES AND JOINTS, AS WELL AS RELATED STRUCTURES, NERVES, LIGAMENTS, TENDONS AND MUSCLES. WE PROVIDE STATE OF...

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ORTHOPEDICS - TREATMENT OF DISORDERS OF THE MUSCULOSKELETAL SYSTEM INVOLVING PROBLEMS WITH BONES AND JOINTS, AS WELL AS RELATED STRUCTURES, NERVES, LIGAMENTS, TENDONS AND MUSCLES. WE PROVIDE STATE OF THE ART MEDICAL AND SURGICAL CARE, INCLUDING ARTHROSCOPIC SURGERY, SPORTS MEDICINE, SPINAL SURGERY, TOTAL JOINT REPLACEMENT, AND HAND AND UPPER EXTREMITY SURGERY.

Program 2
Expenses: $1,468,868 Revenue: $482,123

PRIMARY CARE- PROVIDE EXCEPTIONAL AND COMPASSIONATE PRIMARY HEALTH CARE FOR CHILDREN AND ADULTS OF ALL AGES.

Program 3
Expenses: $747,625 Revenue: $1,049,291

URGENT CARE- PROVIDES NON-EMERGENT ILLNESS AND INJURY CARE DURING EVENING AND WEEKEND HOURS AS AN ALTERNATIVE TO EMERGENCY ROOM CARE.

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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 $0
Program Service Revenue $8,321,599
Investment Income $0
Other Revenue $949,203
TOTAL REVENUE $9,270,802

Expense Breakdown

Grants Paid $0
Salaries & Benefits $11,359,617
Fundraising Expenses $0
Program Expenses $15,202,674
Other Expenses $4,420,450
TOTAL EXPENSES $15,780,067

Year-over-Year Comparison

2023 2022 Change
Revenue $9,270,802 $11,268,936 -0.2%
Expenses $15,780,067 $16,327,438 0.0%
Net Income $-6,509,265 $-5,058,502 +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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Liquidity & Cash Position

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Governance

Voting Members
1
Independent Members
N/A
Employees
111
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
$615,309
Total Directors
1
$615,309
Key Employees
1
$200,128
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JASON S FEINBERG MD CHIEF MEDICAL OFFICER 16.00
Officer Director
$0 $63,828 $615,309
ANDRE FORCIER VICE PRES PHYS NETWORK 16.00
Key Emp
$0 $28,440 $200,128
RAMAN DHAWAN MD PHYSICIAN IOS 40.00
Highest
$989,766 $25,986 $1,015,752
JAMES MARK MD PHYSICIAN IOS 40.00
Highest
$1,146,603 $27,438 $1,174,041
ANGEL DIAZ MD PHYSICIAN GASTRO 40.00
Highest
$450,000 $52,452 $502,452
NICOLAI BAECHER MD PHYSICIAN 40.00
Highest
$757,001 $27,500 $784,501
ANJANET PEREZ-COLON MD PHYSICIAN GASTRO 40.00
Highest
$597,922 $26,712 $624,634
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 $9,270,802 $15,780,067 $9,968,133 $-6,509,265
2022 $11,268,936 $16,327,438 $7,380,108 $-5,058,502
2021 $16,548,064 $18,846,039 $8,604,423 $-2,297,975
2020 $21,093,137 $25,378,741 $9,382,474 $-4,285,604
2019 $21,378,747 $26,653,031 $13,508,832 $-5,274,284
2018 $21,478,094 $25,415,781 $14,828,218 $-3,937,687
2017 $21,001,587 $25,159,562 $12,310,721 $-4,157,975
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