MEDICAL ASSOCIATES OF ENGLEWOOD PC

EIN: 452548322 501(c)(3) Health Care

ENGLEWOOD, NJ

Total Revenue
$353,252,260
Total Expenses
$353,252,260
Total Assets
$40,012,346
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
NJ
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

TO PUT PATIENTS FIRST BY BRINGING TOGETHER PHYSICIANS WITHIN A COMPREHENSIVE SYSTEM THAT DELIVERS THE HIGHEST QUALITY OF CARE.

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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 $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

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Governance

Voting Members
1
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
$3,417,383
Total Directors
1
$907,568
Key Employees
0
$0
Highest Compensated
5
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
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