MEMORIAL MEDICAL CARE PC

EIN: 352491455 501(c)(3) Health Care

NEW YORK, NY

Total Revenue
$204,164
Total Expenses
$3,601,411
Total Assets
$21,420,992
Net Assets
$-6,906,596
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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
2013
Phone
6462273092
Tax Period
2024-01-01 to 2024-12-31

MEMORIAL MEDICAL CARE PC, founded in 2013, is a small nonprofit in the Health Care sector that reported $204K in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. Expenses of $3.6M exceeded revenue, resulting in a 1664% operating deficit.

Mission

We operate a physician practice in Brooklyn, NY, which provides oncology services, primarily pre- and post-surgical consultations.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $204,164
Investment Income $0
Other Revenue $0
TOTAL REVENUE $204,164

Expense Breakdown

Grants Paid $0
Salaries & Benefits $682,703
Fundraising Expenses $0
Program Expenses $3,601,411
Other Expenses $2,918,708
TOTAL EXPENSES $3,601,411

Year-over-Year Comparison

2024 2023 Change
Revenue $204,164 $239,752 -0.1%
Expenses $3,601,411 $2,744,139 +0.3%
Net Income $-3,397,247 $-2,504,387 +0.4%
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

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Governance

Voting Members
2
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
2
$5,409,219
Total Directors
2
$5,409,219
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEFFREY DREBIN MD TREASURER 5.0
Officer Director
$0 $84,766 $3,111,344
LISA DEANGELIS MD PRESIDENT 5.0
Officer Director
$0 $81,051 $2,297,875
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 $204,164 $3,601,411 $21,420,992 $-3,397,247
2023 $239,752 $2,744,139 $22,297,784 $-2,504,387
2022 $42,319 $582,670 $16,748,789 $-540,351
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