PREMIUM HEALTH INC

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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

Principal Officer

MEIR BRODY

Phone

7184077300

Tax Period

2023-01-01 to 2023-12-31

PREMIUM HEALTH INC, founded in 2010, is a mid-sized nonprofit in the Health Care sector that reported $60.2M in total revenue in fiscal year 2023. Revenue surged 145% from the prior year, signaling strong growth momentum. Expenses of $51.9M left a modest 14% surplus.

Mission

PREMIUM HEALTH INC. (CENTER) IS COMMITTED TO PROVIDING COMPASSIONATE, CULTURALLY COMPETENT AND COMPREHENSIVE HEALTH CARE AND BEHAVIORAL HEALTH SERVICES TO ALL IN THE COMMUNITY IN NEED, REGARDLESS OF ABILITY TO PAY.

Program Service Accomplishments

Program 1

Expenses: $44,516,371 Revenue: $58,104,119

THE CENTER IS A FEDERALLY QUALIFIED HEALTH CENTER THAT PROVIDES TREATMENT TO PATIENTS. IN 2023, THERE WERE APPROXIMATELY 147,344 PATIENT VISITS.

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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 $2,047,297

Program Service Revenue $58,104,119

Investment Income $0

Other Revenue $64,307

TOTAL REVENUE $60,215,723

Expense Breakdown

Grants Paid $1,995,000

Salaries & Benefits $19,041,424

Fundraising Expenses $0

Program Expenses $44,516,371

Other Expenses $30,827,485

TOTAL EXPENSES $51,863,909

Year-over-Year Comparison

	2023	2022	Change
Revenue	$60,215,723	$24,622,765	+1.4%
Expenses	$51,863,909	$24,402,535	+1.1%
Net Income	$8,351,814	$220,230	+36.9%

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

Employees

206

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

$2,221,310

Total Directors

Key Employees

$1,899,387

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MEIR BRODY	EXECUTIVE DIRECTOR	40.0	Officer	$700,861	$53,917	$754,778
GLENN S HIRSCH	Psychiatry & Behavioral Chair	40.0	Key Emp	$574,710	$30,058	$604,768
DANIEL HOWARD SALTZMAN	MEDICAL DIRECTOR WOMENS HEALTH	40.0	Key Emp	$575,058	$25,012	$600,070
ADELA WICHS	PHYSICIAN	40.0	Highest	$488,750	$12,948	$501,698
SARA TARSIS	DERMATOLOGIST	40.0	Highest	$391,720	$55,116	$446,836
JACQUELINE GUTERMAN	DIRECTOR OF OBGYN	40.0	Highest	$392,120	$52,069	$444,189
RAYMOND SULTAN	PHYSICIAN ASSISTANT	40.0	Highest	$361,500	$55,116	$416,616
TZVI FISHMAN	CHIEF OPERATING OFFICER	40.0	Officer	$351,479	$51,702	$403,181
JUDY ZELCER	FISCAL DIRECTOR	40.0	Key Emp	$341,784	$23,155	$364,939
MICHAEL BRANDSDORFER	Chief Strategy officer	40.0	Officer	$303,353	$61,311	$364,664
MIRIAM TOAFF	OBSTETRICIAN-GYNECOLOGIST	40.0	Highest	$332,981	$23,205	$356,186
RACHEL BLIMA GREENBAUM	CHIEF DIGITAL AND INFORMATION	40.0	Officer	$318,014	$14,111	$332,125
MALLAY B OCCHIOGROSSO	DIRECTOR OF BEHAVIORAL HEALTH	40.0	Key Emp	$317,214	$12,396	$329,610
JUDITH SANDORFY	CHIEF OF HUMAN RESOURCES	40.0	Officer	$179,641	$32,289	$211,930
MARC KRONENBERG	CHIEF ADMINISTRATIVE OFFICER	40.0	Officer	$149,516	$5,116	$154,632
ALEXANDER ORNSTEIN	PRESIDENT	1.0	Officer Director	$0	$0	$0
CHAIM STEINMETZ	SECRETARY/TREASURER	1.0	Officer Director	$0	$0	$0
ELKY MILLER	BOARD MEMBER	1.0	Director	$0	$0	$0
AVI STERN	BOARD MEMBER	1.0	Director	$0	$0	$0
SHMEAL WIEDER	BOARD MEMBER	1.0	Director	$0	$0	$0
ESTHER BERNSTEIN	BOARD MEMBER	1.0	Director	$0	$0	$0
CHAIM PINTER	BOARD MEMBER	1.0	Director	$0	$0	$0
MARK S WEINSTOCK	BOARD MEMBER	1.0	Director	$0	$0	$0
JOSEPH KRAUSZ	VICE PRESIDENT	1.0	Officer Director	$0	$0	$0

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	$60,215,723	$51,863,909	$57,840,545	$8,351,814
2022	$24,622,765	$24,402,535	$40,838,960	$220,230
2021	$22,822,242	$20,053,106	$15,319,146	$2,769,136
2020	$15,365,772	$15,139,822	$10,654,545	$225,950
2019	$11,423,651	$10,689,828	$8,726,670	$733,823
2019	$11,423,651	$10,689,828	$8,726,670	$733,823
2018	$11,298,583	$8,675,884	$7,887,046	$2,622,699
2018	$11,471,724	$8,847,621	$7,923,881	$2,624,103