Saratoga Springs, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)HEALTHCARE PARTNERS OF SARATOGA LTD, founded in 2011, is a mid-sized nonprofit in the Health Care sector that reported $18.8M in total revenue in fiscal year 2019. Revenue grew 8% year-over-year, indicating healthy expansion. The organization ran a surplus of $2.8M, a strong 15% operating margin.
To serve the people of its community by responding to their health care needs in a supportive and caring environment.
The foremost commitment of Healthcare Partners of Saratoga LTD (HCP) is to provide high quality, cost effective health care to individuals and families in the communities it serves regardless of a...
The foremost commitment of Healthcare Partners of Saratoga LTD (HCP) is to provide high quality, cost effective health care to individuals and families in the communities it serves regardless of a patient's ability to pay. HCP actively supports community-based healthcare and promotes the coordination of services among healthcare providers and social services organizations. In addition, HCP seeks to work collaboratively with other health care providers to improve the health status of its region. HCP is defined as an emergent care center, which is a cross between an urgent care center and a hospital emergency department. Therefore, the facility accommodates a wide range of medical needs. HCP offers 24-hour access to emergency medicine physicians for urgent care. These physicians are equipped to treat patients with any level of urgent care needs. Patients treated and triaged are discharged home with follow up to their primary care or specialist, thus avoiding an emergency room visit to their local hospital. During 2019, HCP accommodated approximately 34,000 urgent care visits. In addition, other services provided during the year included outpatient X-ray (17,583 tests), ultrasound (7,448 tests), computed tomography (6,162 tests), magnetic resonance imaging (1,635 tests) and laboratory services (189,054 tests).
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2019 | 2018 | Change | |
|---|---|---|---|
| Revenue | $18,761,699 | $17,324,577 | +0.1% |
| Expenses | $15,945,012 | $15,072,864 | +0.1% |
| Net Income | $2,816,687 | $2,251,713 | +0.3% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Steven M Frisch MD | President | 2 |
Director
|
$0 | $121,031 | $1,207,008 |
| Vincent P Verdile | Director | 2 |
Director
|
$0 | $121,304 | $1,170,625 |
| Angelo G Calbone | Vice President | 2 |
Director
|
$0 | $35,490 | $1,160,272 |
| Frances Albert | Secretary | 2 |
Director
|
$0 | $87,444 | $1,010,337 |
| George Hickman | Board Member | 2 |
Director
|
$0 | $79,701 | $684,513 |
| Gary L Foster | Treasurer | 2 |
Director
|
$0 | $17,892 | $433,447 |
| Jeffrey Methven | Director | 2 |
Director
|
$0 | $35,604 | $382,468 |
| Kevin Ronayne | Director | 2 |
Director
|
$0 | $31,943 | $352,984 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2019 | $18,761,699 | $15,945,012 | $17,328,223 | $2,816,687 |
| 2018 | $17,324,577 | $15,072,864 | $6,486,883 | $2,251,713 |
Compare HEALTHCARE PARTNERS OF SARATOGA LTD with other nonprofits in New York and across the country.