CLAXTON MEDICAL PC

EIN: 264009395 501(c)(3) Health Care

OGDENSBURG, NY

Total Revenue
$4,309,942
Total Expenses
$15,114,897
Total Assets
$331,991
Net Assets
$-75,676,411
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
NY
Principal Officer
RICHARD A DUVALL
Phone
3157069762
Tax Period
2023-01-01 to 2023-12-31

CLAXTON MEDICAL PC, founded in 2008, is a community nonprofit in the Health Care sector that reported $4.3M in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. Expenses of $15.1M exceeded revenue, resulting in a 251% operating deficit.

Mission

TO ENGAGE IN THE PRACTICE OF MEDICINE AND TO OTHERWISE PROVIDE THOSE PROFESSIONAL SERVICES THAT A PHYSICIAN, DULY LICENSED AND REGISTERED UNDER THE LAWS OF THE STATE OF NEW YORK, IS AUTHORIZED TO RENDER. IN ADDITION, TO PROMOTE AND SUPPORT THE CHARITABLE PURPOSES OF CLAXTON-HEPBURN MEDICAL CENTER, WHICH INCLUDES PROVIDING SERVICES DESIGNED TO IMPROVE THE OVERALL HEALTH OF, AND TO OTHERWISE MEET THE MEDICAL CARE NEEDS OF, THE COMMUNITY. THE CORPORATION SHALL PURSUE SUCH PURPOSES, IN PART, BY INCLUDING AMONG ITS PATIENTS, MEDICARE AND MEDICAID PATIENTS AND THOSE WHO ARE UNDER- OR UNINSURED.

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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 $4,128,385
Investment Income $0
Other Revenue $181,557
TOTAL REVENUE $4,309,942

Expense Breakdown

Grants Paid $0
Salaries & Benefits $9,096,579
Fundraising Expenses $0
Program Expenses $13,287,102
Other Expenses $6,018,318
TOTAL EXPENSES $15,114,897

Year-over-Year Comparison

2023 2022 Change
Revenue $4,309,942 $4,822,939 -0.1%
Expenses $15,114,897 $15,861,484 0.0%
Net Income $-10,804,955 $-11,038,545 0.0%
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
2
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
2
$1,240,059
Total Directors
2
$1,240,059
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICHARD A DUVALL SECRETARY 1.00
Officer Director
$0 $37,353 $686,723
MICHAEL S SEIDMAN PRESIDENT 1.00
Officer Director
$0 $9,900 $553,336
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 $4,309,942 $15,114,897 $331,991 $-10,804,955
2022 $4,822,939 $15,861,484 $520,261 $-11,038,545
2021 $8,760,975 $16,994,576 $1,758,370 $-8,233,601
2020 $7,765,045 $15,130,486 $1,253,235 $-7,365,441
2019 $9,997,412 $16,111,119 $1,293,421 $-6,113,707
2018 $8,733,951 $14,794,283 $1,086,536 $-6,060,332
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