THE LONG ISLAND COLLEGE HOSPITAL MALPRACTICE TRUST (EIN 326175766) - 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

2011

Legal Domicile

Principal Officer

NANCY MARGRO

Phone

2126438100

Tax Period

2023-01-01 to 2023-12-31

THE LONG ISLAND COLLEGE HOSPITAL MALPRACTICE TRUST, founded in 2011, is a small nonprofit in the Health Care sector that reported $904K in total revenue in fiscal year 2023. Revenue surged 154% from the prior year, signaling strong growth momentum. The organization ran a surplus of $643K, a strong 71% operating margin.

Mission

FUNDS ARE TO BE USED TO RUNOFF BOTH LICH'S MEDICAL MALPRACTICE AND GENERAL LIABILITY CASES INCURRED DURING THE PERIOD OF JULY 1, 2004 THROUGH MAY 29, 2011, AT WHICH DATE LICH CONVEYED ITS ASSETS TO SUNY DOWNSTATE PURSUANT TO COURT APPROVAL.

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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 $903,581

Other Revenue $0

TOTAL REVENUE $903,581

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $260,982

TOTAL EXPENSES $260,982

Year-over-Year Comparison

	2023	2022	Change
Revenue	$903,581	$355,686	+1.5%
Expenses	$260,982	$302,563	-0.1%
Net Income	$642,599	$53,123	+11.1%

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

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

Total Directors

$125,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOMINIC J LODATO	TRUSTEE	5.00	Director	$125,000	$0	$125,000

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	No data	No data	No data
2023	$903,581	$260,982	$29,363,934	$642,599
2022	$355,686	$302,563	$30,022,935	$53,123
2021	$475,339	$379,891	$31,373,877	$95,448
2020	$864,585	$376,756	$38,367,733	$487,829
2019	$1,197,850	$403,762	$43,826,560	$794,088
2018	$1,027,410	$383,828	$53,474,024	$643,582

THE LONG ISLAND COLLEGE HOSPITAL MALPRACTICE TRUST