HARLEM MEDICAL ASSOCIATES PC (EIN 274181529) - 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

2010

Legal Domicile

Phone

7185796200

Tax Period

2023-07-01 to 2024-06-30

HARLEM MEDICAL ASSOCIATES PC, founded in 2010, is a mid-sized nonprofit in the Health Care sector that reported $25.2M in total revenue in fiscal year 2023. Revenue surged 33% from the prior year, signaling strong growth momentum. Expenses of $22.9M left a modest 9% surplus.

Mission

OUR MISSION IS TO BE THE CLINICAL SERVICE PROVIDER AT HARLEM HOSPITAL.

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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 $215,140

Program Service Revenue $25,022,076

Investment Income $0

Other Revenue $0

TOTAL REVENUE $25,237,216

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $22,855,063

Other Expenses $22,876,956

TOTAL EXPENSES $22,876,956

Year-over-Year Comparison

	2023	2022	Change
Revenue	$25,237,216	$19,039,137	+0.3%
Expenses	$22,876,956	$17,855,374	+0.3%
Net Income	$2,360,260	$1,183,763	+1.0%

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

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

$704,130

Total Directors

$5,929,468

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
LISA ROSS MD	Director	Director	$0	$66,082	$792,643
LESZEK PISINSKI MD	Director	Director	$0	$99,645	$764,395
EDWARD CHEW MD	Director	Officer Director	$0	$48,017	$704,130
BRIAN DONALDSON MD	Director	Director	$0	$46,006	$701,798
ANDREW DITCHIK MD	Director	Director	$0	$78,017	$608,193
MAURICE WRIGHT MD	Director	Director	$0	$77,283	$602,326
ZAFAR SHARIF MD	Director	Director	$0	$83,502	$545,429
RAJI AYINLA MD	Director	Director	$0	$78,017	$517,916
ARACELIS FERNANDEZ MD	Director	Director	$0	$100,517	$451,871
MILTON DELERME MD	Director	Director	$0	$44,374	$240,767

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	$25,237,216	$22,876,956	$19,844,291	$2,360,260
2023	$19,039,137	$17,855,374	$18,346,585	$1,183,763
2022	$18,859,791	$18,510,015	$11,615,464	$349,776
2021	$16,389,044	$13,609,756	$8,789,892	$2,779,288
2020	$11,405,795	$13,072,772	$7,842,798	$-1,666,977
2019	$14,216,848	$13,922,656	$7,967,982	$294,192
2018	$14,746,167	$13,801,421	$7,524,705	$944,746

HARLEM MEDICAL ASSOCIATES PC