Winthrop Faculty Medical Affiliates University Faculty Practice Corporation

EIN: 452439597 501(c)(3)

Mineola, NY

Total Revenue
$5,761,583
Total Expenses
$1,973,917
Total Assets
N/A
Net Assets
N/A
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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
NY
Principal Officer
JOSEPH GRECO MD
Phone
5163932232
Tax Period
2019-09-01 to 2020-08-31

Winthrop Faculty Medical Affiliates University Faculty Practice Corporation, founded in 2011, is a community nonprofit that reported $5.8M in total revenue in fiscal year 2019. Revenue surged 155% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.8M, a strong 66% operating margin.

Mission

THE CORPORATION IS FORMED TO SUPPORT THE EDUCATIONAL MISSION OF NYU WINTHROP HOSPITAL BY PROVIDING CLINICAL INSTRUCTION TO MEDICAL STUDENTS, INTERNS AND RESIDENTS.

Program Service Accomplishments

Program 1
Expenses: $0 Revenue: $1,776,256

The goal of the training program in multi-specialty practices is to develop expert medical consultants, teachers and researchers. As a result of the merger between NYU Winthrop and NYU Langone...

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The goal of the training program in multi-specialty practices is to develop expert medical consultants, teachers and researchers. As a result of the merger between NYU Winthrop and NYU Langone Hospitals, the organization began to wind down its operations on 8/1/19.

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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 (2019)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,776,256
Investment Income $0
Other Revenue $3,985,327
TOTAL REVENUE $5,761,583

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $0
Other Expenses $1,973,917
TOTAL EXPENSES $1,973,917

Year-over-Year Comparison

2019 2018 Change
Revenue $5,761,583 $2,259,771 +1.5%
Expenses $1,973,917 $1,577,423 +0.3%
Net Income $3,787,666 $682,348 +4.6%
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
3
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
3
$2,971,922
Total Directors
3
$2,971,922
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Philip Ragno MD Secretary 1.0
Officer Director
$0 $33,983 $1,387,206
Joseph Greco MD President 1.0
Officer Director
$0 $84,375 $1,057,447
Marc S Adler Treasurer 1.0
Officer Director
$0 $13,483 $527,269
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
2020 $5,761,583 $1,973,917 No data $3,787,666
2020 No data No data No data No data
2019 $2,259,771 $1,577,423 $3,985,327 $682,348
2018 $53,295,362 $68,704,033 $4,555,736 $-15,408,671
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