MEDICAL ASSOCIATES OF ENGLEWOOD PC

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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

HILLARY COHEN MD

Phone

2018943037

Tax Period

2023-01-01 to 2023-12-31

MEDICAL ASSOCIATES OF ENGLEWOOD PC, founded in 2011, is a major nonprofit in the Health Care sector that reported $353.3M in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion.

Mission

THE ORGANIZATION'S MISSION IS TO PUT PATIENTS FIRST BY BRINGING TOGETHER PHYSICIANS WITHIN A COMPREHENSIVE SYSTEM THAT DELIVERS THE HIGHEST QUALITY OF CARE. MEDICAL ASSOCIATES OF ENGLEWOOD, P.C. ("ENGLEWOOD HEALTH PHYSICIAN NETWORK") IS THE PHYSICIAN NETWORK OF ENGLEWOOD HOSPITAL. THE ENGLEWOOD HEALTH PHYSICIAN NETWORK IS COMPRISED OF A GROWING GROUP OF HUNDREDS OF PHYSICIANS, REPRESENTING A RANGE OF SPECIALTIES, WITH A MULTITUDE OF CONVENIENT LOCATIONS THROUGHOUT NORTHERN NEW JERSEY AND ROCKLAND COUNTY, NEW YORK. THE ORGANIZATION'S PRIORITY IS TO PROVIDE PATIENTS AND THEIR FAMILIES WITH QUALITY HEALTHCARE USING TODAY'S MOST INNOVATIVE TECHNIQUES AND PROCEDURES, ALL DELIVERED WITHIN A COMPASSIONATE, HUMANISTIC ENVIRONMENT. BY TURNING TO AN ENGLEWOOD HEALTH NETWORK PHYSICIAN, PATIENTS WILL GAIN ACCESS TO A TEAM OF PHYSICIANS WHO ARE ALL CONNECTED THROUGH A UNIFIED MEDICAL RECORDS SYSTEM. THIS CONNECTIVITY ENSURES THAT PATIENT CARE WILL BE SEAMLESSLY COORDINATED, INTEGRATED AND STREAMLIN

Program Service Accomplishments

Program 1

Expenses: $340,357,382 Revenue: $353,159,662

EXPENSES INCURRED IN ENGAGING IN THE PRACTICE OF MEDICINE AND RELATED SERVICES IN FURTHERANCE OF THE CHARITABLE, SCIENTIFIC AND EDUCATIONAL PURPOSES OF ENGLEWOOD HOSPITAL; A RELATED INTERNAL REVENUE...

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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 $353,159,662

Investment Income $92,598

Other Revenue $0

TOTAL REVENUE $353,252,260

Expense Breakdown

Grants Paid $1,753,715

Salaries & Benefits $131,824,637

Fundraising Expenses $0

Program Expenses $340,357,382

Other Expenses $219,673,908

TOTAL EXPENSES $353,252,260

Year-over-Year Comparison

	2023	2022	Change
Revenue	$353,252,260	$326,096,072	+0.1%
Expenses	$353,252,260	$326,096,072	+0.1%
Net Income	$0	N/A	N/A

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

N/A

Employees

289

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

$3,417,383

Total Directors

$907,568

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS BERNIK MD	CHIEF OF SERVICE-VASCULAR SURG	55.0	Highest	$1,334,942	$38,171	$1,373,113
STEPHEN BRUNNQUELL MD	PRESIDENT, PHYSICAN NETWORK	50.0	Officer	$1,237,806	$19,234	$1,257,040
ANTHONY T ORLANDO	TREASURER; EVP FINANCE/CFO	5.0	Officer	$0	$162,646	$1,252,775
NIMESH P NAGARSHETH MD	MED DIR - SURGICAL ONCOLOGY	55.0	Highest	$1,041,067	$42,871	$1,083,938
CHRISTOS STAVROPOULOS MD	MED DIR - THORACIC SURGERY	55.0	Highest	$995,296	$28,155	$1,023,451
ADAM ARNOFSKY MD	CARDIOTHORACIC SURGEON	55.0	Highest	$949,884	$30,901	$980,785
ANNA SERUR MD	SECT CHIEF COLON & RECTAL SURG	55.0	Highest	$918,452	$32,538	$950,990
HILLARY COHEN MD	TRUSTEE - VP MEDICAL AFFAIRS	40.0	Officer Director	$689,095	$46,199	$907,568

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	$353,252,260	$353,252,260	$40,012,346	No data
2022	$326,096,072	$326,096,072	$40,369,547	No data
2021	$274,946,438	$274,946,438	$38,044,467	No data
2020	$227,815,216	$227,815,216	$34,519,559	No data
2019	$202,270,100	$202,270,100	$31,901,877	No data
2018	$168,951,893	$168,951,893	$14,265,589	No data