TBHC MEDICAL TESTING SERVICES PC C/O THE BROOKLYN HOSPITAL CENTER (EIN 270174413) - 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

2009

Legal Domicile

Principal Officer

PHILIP XIAO MD

Phone

7182506755

Tax Period

2023-01-01 to 2023-12-31

TBHC MEDICAL TESTING SERVICES PC C/O THE BROOKLYN HOSPITAL CENTER, founded in 2009, is a small nonprofit in the Health Care sector that reported $760K in total revenue in fiscal year 2023. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $900K exceeded revenue, resulting in a 18% operating deficit.

Mission

TO PROVIDE HIGH QUALITY HEALTH CARE TO MEMBERS OF THE COMMUNITY AND TO SUPPORT THE CHARITABLE PURPOSES AND MISSION OF THE BROOKLYN HOSPITAL CENTER.

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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 $759,983

Investment Income $0

Other Revenue $0

TOTAL REVENUE $759,983

Expense Breakdown

Grants Paid $0

Salaries & Benefits $790,581

Fundraising Expenses $0

Program Expenses $757,816

Other Expenses $109,628

TOTAL EXPENSES $900,209

Year-over-Year Comparison

	2023	2022	Change
Revenue	$759,983	$959,706	-0.2%
Expenses	$900,209	$911,976	0.0%
Net Income	$-140,226	$47,730	-3.9%

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

$619,656

Total Directors

$619,656

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PHILIP XIAO MD	PRESIDENT	50.00	Officer Director	$0	$9,925	$619,656

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	$759,983	$900,209	$161,905	$-140,226
2022	$959,706	$911,976	$250,829	$47,730
2021	$945,195	$857,810	$108,673	$87,385
2020	$813,430	$636,128	$285,523	$177,302
2019	$935,078	$882,618	$54,621	$52,460
2018	$684,663	$882,240	$8,463	$-197,577

TBHC MEDICAL TESTING SERVICES PC C/O THE BROOKLYN HOSPITAL CENTER