STRATFORD, CT
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)NORTHEAST MEDICAL GROUP PLLC, founded in 2010, is a community nonprofit in the Health Care sector that reported $7.0M in total revenue in fiscal year 2023. Expenses of $10.5M exceeded revenue, resulting in a 50% operating deficit.
TO RENDER MEDICAL TREATMENT TO PATIENTS WITHOUT REGARD TO ABILITY TO PAY FOR SUCH TREATMENT, AND TO PROMOTE A HIGH QUALITY OF MEDICAL CARE AND OTHER SERVICES FOR THE BENEFIT OF ALL PERSONS IN THE COMMUNITIES IT SERVES.
NORTHEAST MEDICAL GROUP, PLLC, AN AFFILIATE OF YALE NEW HAVEN HEALTH SERVICES CORPORATION (YNHHSC), PROVIDES PATIENT CARE SERVICES IN THE STATE OF NEW YORK. APPROXIMATELY 83% OF THE PATIENTS...
NORTHEAST MEDICAL GROUP, PLLC, AN AFFILIATE OF YALE NEW HAVEN HEALTH SERVICES CORPORATION (YNHHSC), PROVIDES PATIENT CARE SERVICES IN THE STATE OF NEW YORK. APPROXIMATELY 83% OF THE PATIENTS RECEIVING SERVICES FROM PLLC RESIDE IN NY. DURING FY2024, THE ORGANIZATION OPERATED 1PEDIATRIC PRACTICE WITH 5 PHYSICIANS, AN OB-GYN PRACTICE WITH 3 PHYSICIANS, 3 INTERNAL MEDICINE PRACTICES WITH 5 PHYSICIANS, 1 CARDIOLOGY PRACTICE WITH 1 PHYSICIAN, A PODIATRY PRACTICE WITH 1 PHYSICIAN AND A CONCIERGE PRACTICE WITH 2 PHYSICIANS WHICH COLLECTIVELY GENERATED APPROXIMATELY 33,555 PATIENT ENCOUNTERS. IN ADDITION TO SERVING PATIENTS, NORTHEAST MEDICAL GROUP, PLLC AND ITS AFFILIATE IN YNHHSC, NORTHEAST MEDICAL GROUP, INC., COLLABORATED TO ACCOMPLISH THE FOLLOWING INTEGRATED PROGRAMS ON BEHALF OF BOTH ORGANIZATIONS (TOGETHER REFERRED TO AS "NEMG"): PROMOTE AND ENHANCE THE QUALITY OF HEALTH CARE WITHIN THE COMMUNITIES SERVED BY NEMG. EXAMPLES OF SERVICES PROVIDED BY NEMG INCLUDE THE FOLLOWING: 1. THE STUDY, DIAGNOSIS AND TREATMENT OF HUMAN AILMENTS AND INJURIES BY LICENSED PERSONS. 2. THE RENDERING OF MEDICAL AND SURGICAL TREATMENT, CONSULTATION OR ADVICE BY EMPLOYEES OR AGENTS OF THE CORPORATION TO PATIENTS WITHOUT REGARD TO RACE, COLOR, CREED, SEX, AGE OR ABILITY TO PAY FOR SUCH CARE AND SERVICES. 3. THE PROMOTION, ENHANCEMENT, IMPROVEMENT AND DEVELOPMENT OF MEDICAL, SURGICAL AND SCIENTIFIC RESEARCH AT HOSPITALS AFFILIATED WITH YALE NEW HAVEN HEALTH SERVICES CORPORATION AND THROUGHOUT THE COMMUNITIES THEY SERVE. 4. THE PROMOTION, ENHANCEMENT, IMPROVEMENT AND AUGMENTATION OF THE QUALITY OF MEDICAL AND CLINICAL EDUCATION AND PATIENT CARE AT HOSPITALS AFFILIATED WITH YALE NEW HAVEN HEALTH SERVICES CORPORATION. 5. THE PROMOTION AND ENHANCEMENT OF HIGH-QUALITY MEDICAL CARE AND OTHER HUMAN SERVICES FOR THE BENEFIT OF ALL PERSONS IN THE COMMUNITIES NEMG SERVES. 6. THE AUGMENTATION OF THE PLANNING PROCESS FOR THE PROMOTION OF THE GENERAL WELL-BEING AND HUMAN HEALTH NEEDS OF THE COMMUNITIES NEMG SERVES. FREE AND CHARITY SERVICES RELATE TO SERVICES PROVIDED FOR WHICH NO PAYMENT IS ANTICIPATED. THE AMOUNT OF FREE AND CHARITY CARE PROVIDED BY NEMG WAS $2,659,910 AND $2,628,049 FOR THE YEARS ENDED SEPTEMBER 30, 2024 AND 2023, RESPECTIVELY. THESE CHARGES ARE NOT INCLUDED IN NET PATIENT SERVICE REVENUE.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $6,967,681 | $6,734,801 | +0.0% |
| Expenses | $10,457,665 | $9,812,676 | +0.1% |
| Net Income | $-3,489,984 | $-3,077,875 | +0.1% |
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Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| FRANKLIN LORIA | TREASURER & SECR/TRUSTEE | 1.00 |
Officer
Director
|
$0 | $52,830 | $538,220 |
| HERBERT ARCHER | PRESIDENT/TRUSTEE | 1.00 |
Officer
Director
|
$0 | $55,518 | $452,106 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $6,967,681 | $10,457,665 | $1,328,852 | $-3,489,984 |
| 2023 | $6,734,801 | $9,812,676 | $1,227,073 | $-3,077,875 |
| 2022 | $6,536,538 | $10,198,447 | $21,956,801 | $-3,661,909 |
| 2021 | $5,588,513 | $7,665,811 | $17,159,134 | $-2,077,298 |
| 2020 | $4,795,291 | $9,367,074 | $13,172,094 | $-4,571,783 |
| 2019 | $4,223,960 | $8,881,235 | $9,680,403 | $-4,657,275 |
| 2018 | $2,914,118 | $6,762,811 | $5,654,588 | $-3,848,693 |
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