KOINONIA PRIMARY CARE INC

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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

2012

Legal Domicile

Principal Officer

DR ROBERT PAEGLOW

Phone

5186890282

Tax Period

2024-01-01 to 2024-12-31

KOINONIA PRIMARY CARE INC, founded in 2012, is a community nonprofit in the Health Care sector that reported $2.1M in total revenue in fiscal year 2024. Revenue surged 46% from the prior year, signaling strong growth momentum. The organization ran a surplus of $479K, a strong 23% operating margin.

Mission

Koinonia Primary Care, Inc. (Koinonia) is a NYS Diagnostic and Treatment Center that provides quality patient centered healthcare to the underserved in the capital region of New York State

Program Service Accomplishments

Program 1

Expenses: $1,323,551

Koinonia provides holistic care body, mind and spirit - to patients in New Yorks Capital Region. Annually, it serves around 2,200 patients at more than 8000 visits. Its particular focus is the West Hill and Arbor Hill neighborhoods of Albany, which are among the most underserved areas in the region. To further support this community and address the social determinants of health needs that occur there Koinonia holds outreach activities, including holding a summer camp, community barbeques and holiday parties. Koinonia also provides space to other community-serving organizations, including local churches, other local non-profits and Narcotics Anonymous.

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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 (2024)

Revenue Breakdown

Contributions & Grants $925,366

Program Service Revenue $1,169,748

Investment Income $19,276

Other Revenue $5,800

TOTAL REVENUE $2,120,190

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,041,704

Fundraising Expenses $6,994

Program Expenses $1,323,551

Other Expenses $599,789

TOTAL EXPENSES $1,641,493

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,120,190	$1,452,552	+0.5%
Expenses	$1,641,493	$1,539,846	+0.1%
Net Income	$478,697	$-87,294	-6.5%

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

Employees

Volunteers

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

$265,156

Total Directors

$164,423

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR ROBERT PAEGLOW	President	60.00	Officer Director	$161,201	$3,222	$164,423
CORRIE PAEGLOW	Executive Dir.	60.00	Officer	$91,494	$9,239	$100,733
SHARON LOBEL	Director	1.00	Director	$0	$0	$0
DR FREDERICK EAMES	Director	1.00	Director	$0	$0	$0
DR JAMES CRUCETTI	Director	1.00	Director	$0	$0	$0
DAVID POLLITZER	Secretary	1.00	Officer Director	$0	$0	$0
ANDREW WILSON	Director	1.00	Director	$0	$0	$0
DEAN RUECKERT	VICE CHAIR	1.00	Officer Director	$0	$0	$0
HERBERT L SHULTZ JR	Chairman	1.00	Officer Director	$0	$0	$0
ROBERT BAKER CPA	Treasurer	1.00	Officer Director	$0	$0	$0
DR JACK BRAATEN	Director	1.00	Director	$0	$0	$0
PHOEBE WILKIE	Director	1.00	Director	$0	$0	$0

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	$2,120,190	$1,641,493	$1,705,018	$478,697
2023	$1,452,552	$1,539,846	$1,220,038	$-87,294
2022	$1,449,027	$1,513,142	$1,298,499	$-64,115
2021	$1,714,476	$1,386,534	$1,373,920	$327,942
2020	$1,429,751	$1,190,920	$948,019	$238,831
2019	$1,287,699	$1,257,542	$740,580	$30,157
2018	$1,622,902	$1,250,572	$696,810	$372,330