TBHC PHYSICIAN SERVICES PC C/O THE BROOKLYN HOSPITAL CENTER

EIN: 270174589 501(c)(3) Health Care

BROOKLYN, NY

Total Revenue
$17,342,487
Total Expenses
$26,008,737
Total Assets
$1,397,262
Net Assets
$-64,859,580
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
NY
Principal Officer
PRATIBHA VEMULAPALLI MD
Phone
7182506755
Tax Period
2023-01-01 to 2023-12-31

TBHC PHYSICIAN SERVICES PC C/O THE BROOKLYN HOSPITAL CENTER, founded in 2009, is a mid-sized nonprofit in the Health Care sector that reported $17.3M in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. Expenses of $26.0M exceeded revenue, resulting in a 50% operating deficit.

Mission

THE MISSION OF TBHC PHYSICIAN SERVICES P.C. ("THE ORGANIZATION") IS TO PROVIDE HIGH QUALITY HEALTH CARE TO MEMBERS OF THE COMMUNITY AND TO SUPPORT THE CHARITABLE PURPOSES AND MISSION OF THE BROOKLYN HOSPITAL CENTER. THE ORGANIZATION PROVIDES EXEMPLARY HEALTH CARE SERVICES TO INDIGENT PATIENTS AND PATIENTS WHO ARE MEDICARE AND MEDICAID BENEFICIARIES IN A NON-DISCRIMINATORY MANNER AND WITHOUT REGARD TO THEIR ABILITY TO PAY.

Program Service Accomplishments

Program 1
Expenses: $21,771,732 Revenue: $17,342,487

THE ORGANIZATION PROVIDES PATIENT CARE FOR APPROXIMATELY 6,900 DISCHARGES IN THE AREAS OF SURGERY AND INTERNAL MEDICINE.

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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 $17,342,487
Investment Income $0
Other Revenue $0
TOTAL REVENUE $17,342,487

Expense Breakdown

Grants Paid $0
Salaries & Benefits $15,517,750
Fundraising Expenses $0
Program Expenses $21,771,732
Other Expenses $10,490,987
TOTAL EXPENSES $26,008,737

Year-over-Year Comparison

2023 2022 Change
Revenue $17,342,487 $18,687,388 -0.1%
Expenses $26,008,737 $23,388,146 +0.1%
Net Income $-8,666,250 $-4,700,758 +0.8%
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
20
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
$788,232
Total Directors
1
$788,232
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PRATIBHA VEMULAPALLI MD PRESIDENT 50.00
Officer Director
$0 $10,232 $788,232
JEAN FREDERIC ASSOC CLIN DIR, NEUROSCIENCES 40.00
Highest
$212,577 $9,834 $222,411
JUDE ANGLADE LEAD PHYSICIAN ASSISTANT 40.00
Highest
$172,303 $9,521 $181,824
PATRICK J MCAULIFFE PHYSICIAN ASSISTANT 40.00
Highest
$141,362 $3,214 $144,576
ALINA LAZIS CLINICAL COORD STROKE PRGRM 40.00
Highest
$144,523 $1,445 $145,968
WILLIAM VANDERWALL PHYSICIAN ASSISTANT 40.00
Highest
$164,723 $7,123 $171,846
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 $17,342,487 $26,008,737 $1,397,262 $-8,666,250
2022 $18,687,388 $23,388,146 $1,090,706 $-4,700,758
2021 $16,445,113 $20,370,458 $694,868 $-3,925,345
2020 $13,757,961 $19,512,255 $602,373 $-5,754,294
2019 $8,349,620 $13,600,346 $237,968 $-5,250,726
2018 $9,361,738 $13,821,453 $1,403,287 $-4,459,715
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