NYMC LLC

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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

ALAN KADISH

Phone

6465656000

Tax Period

2023-07-01 to 2024-06-30

Mission

NEW YORK MEDICAL COLLEGE, LOVELACE BIOMEDICAL RESEARCH INSTITUTE AND WEISSMAN HOOD INSTITUTE OF TOURO UNIVERSITY (FORMERLY MCLAUGHLIN RESEARCH INSTITUTE FOR BIOMEDICAL SCIENCES) AND THE OPERATIONS OF TRUMADA MANAGEMENT.

Program Service Accomplishments

Program 1

THE ACQUISITION OF THE NEW YORK MEDICAL COLLEGE, LOVELACE BIOMEDICAL RESEARCH INSTITUTE, LOVELACE SCIENTIFIC RESOURCES, AND WEISSMAN HOOD INSTITUTE OF TOURO UNIVERSITY (FORMERLY MCLAUGHLIN RESEARCH INSTITUTE FOR BIOMEDICAL SCIENCES). FACILITATES AND ACCELERATES THE UNIVERSITY'S STRATEGIC GROWTH, IMPROVES THE QUALITY OF ITS EDUCATIONAL OFFERINGS, EXPANDS RESEARCH AND DEVELOPMENT ACTIVITIES, AND PROVIDES GREATER PROFESSIONAL OPPORTUNITIES FOR STUDENTS. (SEE SCHEDULE O).

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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 $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $20,150

TOTAL EXPENSES $20,150

Year-over-Year Comparison

	2023	2022	Change
Revenue	N/A	N/A	N/A
Expenses	$20,150	$25,844	-0.2%
Net Income	N/A	$-25,844	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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

$1,793,158

Total Directors

$1,335,433

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALAN KADISH	PRESIDENT, CEO AND MANAGER	1.00	Officer Director	$0	$271,255	$1,335,433
BEN CHOUAKE	TREASURER AND MANAGER	0.10	Officer Director	$0	$0	$0
DAVID LICHTENSTEIN	MANAGER	0.10	Director	$0	$0	$0
MARTIN OLINER	MANAGER	0.10	Director	$0	$0	$0
ZVI RYZMAN	CHAIRMAN AND MANAGER	1.00	Director	$0	$0	$0
MELVIN NESS	ASSISTANT TREASURER	1.00	Officer	$0	$17,223	$457,725

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
2025	No data	No data	No data	No data
2024	No data	$20,150	$60,370,097	No data
2023	No data	$25,844	$60,082,177	No data
2022	No data	$25,852	$60,082,178	No data
2021	No data	$21,901	$60,080,719	No data
2020	No data	$33,054	$60,080,719	No data
2019	No data	$137,065	$60,081,762	No data
2018	No data	$210,245	$60,080,719	No data