LAWRENCE MEDICAL ASSOCIATES PC

EIN: 264076297 501(c)(3) Health Care

BRONXVILLE, NY

Total Revenue
$96,943,366
Total Expenses
$96,943,366
Total Assets
$70,930,573
Net Assets
$-15,976,175
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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
2009
Legal Domicile
NY
Phone
9147871000
Tax Period
2023-01-01 to 2023-12-31

LAWRENCE MEDICAL ASSOCIATES PC, founded in 2009, is a mid-sized nonprofit in the Health Care sector that reported $96.9M in total revenue in fiscal year 2023.

Mission

LAWRENCE MEDICAL ASSOCIATES DBA NEW YORK PRESBYTERIAN MEDICAL GROUP/WESTCHESTER'S MISSION IS TO FURTHER THE NEW YORK AND PRESBYTERIAN HOSPITAL'S CHARITABLE PURPOSE OF PROMOTING HEALTH IN THE COMMUNITY.

Program Service Accomplishments

Program 1
Expenses: $85,134,106 Revenue: $46,320,116

LAWRENCE MEDICAL ASSOCIATES (LMA) DBA NEW YORK PRESBYTERIAN MEDICAL GROUP/WESTCHESTER PROFESSIONAL MEDICAL SERVICES ARE PROVIDED IN ACCORDANCE WITH THE MEDICAL SERVICES AGREEMENT WITH THE NEW YORK...

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LAWRENCE MEDICAL ASSOCIATES (LMA) DBA NEW YORK PRESBYTERIAN MEDICAL GROUP/WESTCHESTER PROFESSIONAL MEDICAL SERVICES ARE PROVIDED IN ACCORDANCE WITH THE MEDICAL SERVICES AGREEMENT WITH THE NEW YORK AND PRESBYTERIAN HOSPITAL. THE HOSPITAL IS RESPONSIBLE FOR MANAGING LMA'S OPERATIONS, WHICH ARE PERFORMED BY LMA EMPLOYEES.

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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 $47,172,647
Program Service Revenue $45,760,384
Investment Income $904,940
Other Revenue $3,105,395
TOTAL REVENUE $96,943,366

Expense Breakdown

Grants Paid $0
Salaries & Benefits $46,855,909
Fundraising Expenses $0
Program Expenses $85,134,106
Other Expenses $50,087,457
TOTAL EXPENSES $96,943,366

Year-over-Year Comparison

2023 2022 Change
Revenue $96,943,366 $91,229,737 +0.1%
Expenses $96,943,366 $91,229,737 +0.1%
Net Income $0 $0 N/A
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
1
Independent Members
N/A
Employees
327
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
$1,270,897
Total Directors
1
$1,270,897
Key Employees
1
$677,830
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A DIRECTOR/PRESIDENT 5.0
Officer Director
$0 $79,427 $1,270,897
N/A VP REGIONAL EXE. MEDICAL DIR. 30.0
Key Emp
$0 $45,205 $677,830
N/A ATTENDING PHYSICIAN 40.0
Highest
$733,878 $68,989 $802,867
N/A ATTENDING PHYSICIAN 40.0
Highest
$525,566 $42,920 $568,486
N/A ATTENDING PHYSICIAN 40.0
Highest
$612,735 $71,238 $683,973
N/A MEDICAL DIRECTOR 40.0
Highest
$523,157 $73,196 $596,353
N/A ATTENDING PHYSICIAN 40.0
Highest
$561,451 $69,530 $630,981
N/A FORMER OFFICER 16.0
$0 $34,508 $322,607
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 $96,943,366 $96,943,366 $70,930,573 No data
2022 $91,229,737 $91,229,737 $55,266,054 No data
2021 $93,174,617 $93,174,617 $43,959,801 No data
2020 $104,171,716 $104,171,716 $36,577,177 No data
2019 $92,804,612 $92,804,612 $34,357,410 No data
2018 $79,391,363 $79,391,783 $13,234,793 $-420
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