WEILL CORNELL IMAGING AT NEWYORK-PRESBYTERIAN

EIN: 412237441 501(c)(3) Health Care

NEW YORK, NY

Total Revenue
$260,076,134
Total Expenses
$174,892,369
Total Assets
$271,046,031
Net Assets
$146,119,724
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
NY
Phone
2127462520
Tax Period
2023-01-01 to 2023-12-31

WEILL CORNELL IMAGING AT NEWYORK-PRESBYTERIAN, founded in 2006, is a major nonprofit in the Health Care sector that reported $260.1M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $85.2M, a strong 33% operating margin.

Mission

THE ORGANIZATION PROVIDES OUTPATIENT RADIOLOGY SERVICES AT SEVEN SITES IN MANHATTAN, NEW YORK AND ONE SITE IN QUEENS, NEW YORK, AND HAS RECEIVED A CERTIFICATE OF NEED AND A LICENSE TO OPERATE FROM THE NEW YORK STATE DEPARTMENT OF HEALTH.

Program Service Accomplishments

Program 1
Expenses: $174,892,369 Revenue: $255,731,155

THE ORGANIZATION PROVIDES OUTPATIENT RADIOLOGY AT SEVEN SITES THROUGHOUT MANHATTAN, NY AND ONE SITE IN QUEENS, NY. THE ORGANIZATION OPERATES CENTERS AT 520 E. 70TH ST., 1305 YORK AVE., 425 E. 61ST...

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THE ORGANIZATION PROVIDES OUTPATIENT RADIOLOGY AT SEVEN SITES THROUGHOUT MANHATTAN, NY AND ONE SITE IN QUEENS, NY. THE ORGANIZATION OPERATES CENTERS AT 520 E. 70TH ST., 1305 YORK AVE., 425 E. 61ST ST., 416 E. 55TH ST., 2315 BROADWAY, 53 BEEKMAN ST., 1283 YORK AVE AND 2825 JACKSON AVE. THESE OPERATIONS COMMENCED ON 1/1/08, 1/1/08, 3/1/08, 1/1/08, 1/14/13, 3/26/18, 4/30/18 AND 3/16/22, RESPECTIVELY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $4,885
Program Service Revenue $255,731,155
Investment Income $4,327,944
Other Revenue $12,150
TOTAL REVENUE $260,076,134

Expense Breakdown

Grants Paid $0
Salaries & Benefits $114,060,347
Fundraising Expenses $0
Program Expenses $174,892,369
Other Expenses $60,832,022
TOTAL EXPENSES $174,892,369

Year-over-Year Comparison

2023 2022 Change
Revenue $260,076,134 $224,123,558 +0.2%
Expenses $174,892,369 $154,373,538 +0.1%
Net Income $85,183,765 $69,750,020 +0.2%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
6
Employees
N/A
Volunteers
6

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
8
$2,538,908
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A CO-CHAIR/DIRECTOR 1.0
Officer Director
$0 $0 $0
N/A CO-CHAIR/DIRECTOR 1.0
Officer Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR THRU 10/24/23 1.0
Director
$0 $0 $0
N/A DIRECTOR AS OF 10/24/23 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A COO 40.0
Officer
$270,160 $12,990 $283,150
N/A CFO 40.0
Officer
$307,000 $12,586 $319,586
N/A VICE PRESIDENT 38.0
Officer
$718,030 $30,863 $748,893
N/A CONTROLLER 1.0
Officer
$0 $0 $0
N/A SECRETARY 1.0
Officer
$0 $0 $0
N/A PRESIDENT 17.0
Officer
$1,173,559 $13,720 $1,187,279
N/A PHYSICIAN 37.0
Highest
$649,010 $30,303 $679,313
N/A PHYSICIAN 34.0
Highest
$653,154 $28,004 $681,158
N/A PHYSICIAN 38.0
Highest
$782,719 $31,595 $814,314
N/A PHYSICIAN 33.0
Highest
$825,190 $19,507 $844,697
N/A PHYSICIAN 39.0
Highest
$693,266 $22,304 $715,570
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 $260,076,134 $174,892,369 $271,046,031 $85,183,765
2022 $224,123,558 $154,373,538 $273,059,848 $69,750,020
2021 $189,735,932 $133,689,070 $260,757,185 $56,046,862
2020 $145,479,856 $122,384,621 $227,601,606 $23,095,235
2019 $176,832,484 $118,712,089 $226,892,017 $58,120,395
2018 $156,788,972 $115,714,712 $114,851,127 $41,074,260
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