MEDINOVA NY 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 HENRY R PAUL

Phone

7186045888

Tax Period

2023-01-01 to 2023-12-31

MEDINOVA NY INC, founded in 2012, is a small nonprofit in the International Affairs sector that reported $147K in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $204K exceeded revenue, resulting in a 39% operating deficit.

Mission

MEDINOVA NY, INC. IS ORGANIZED EXCLUSIVELY FOR CHARITABLE, SCIENTIFIC AND EDUCATIONAL PURPOSES, MORE SPECIFICALLY TO PROVIDE MEDICAL ASSISTANCE TO IMPOVERISHED PEOPLE LIVING IN HAITI, INCLUDING BUT NOT LIMITED TO THE SENDING OF MEDICAL MISSION TO HAITI AND SUPPORTING HOSPITALS AND MEDICAL CLINICS IN HAITI.

Program Service Accomplishments

Program 1

Expenses: $198,693 Revenue: $146,884

MEDINOVA NY, INC. IS COMMITED TO PROVIDING UNDERSERVED COMMUNITIES IN HAITI WITH FREE MEDICAL CARE. EACH YEAR, NOAH NY ORGANIZES A WEEK-LONG MEDICAL MISSION TO A TOWN OR CITY IN HAITI IN ORDER TO...

MEDINOVA NY, INC. IS COMMITED TO PROVIDING UNDERSERVED COMMUNITIES IN HAITI WITH FREE MEDICAL CARE. EACH YEAR, NOAH NY ORGANIZES A WEEK-LONG MEDICAL MISSION TO A TOWN OR CITY IN HAITI IN ORDER TO PROVIDE EVERYTHING FROM ROUTINE MEDICAL CHECK-UPS TO LIFE SAVING SURGICAL PROCEDURES. IN JUNE 2012, NOAH NY PARTNERED WITH THE HAITIAN AMERICAN ALLIANCE (HAA), A NEW YORK-BASED NONPROFIT DEDICATED TO FOSTERING THE GROWTH AND DEVELOPMENT OF HAITIAN-AMERICANS, TO PROVIDE FREE HEALTHCARE TO THOUSANDS OF MEN, WOMEN, AND CHILDREN IN THE TOWN OF FORT LIBERTE, HAITI. AFTER A SUCCESSFUL COLLABORATION, MEDINOVA NY AND HAA HAVE CONTINUED TO WORK HAND IN HAND ON FUTURE MEDICAL MISSIONS.

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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 $146,884

Program Service Revenue $0

Investment Income $2

Other Revenue $0

TOTAL REVENUE $146,886

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $198,693

Other Expenses $203,535

TOTAL EXPENSES $203,535

Year-over-Year Comparison

	2023	2022	Change
Revenue	$146,886	$124,223	+0.2%
Expenses	$203,535	$112,632	+0.8%
Net Income	$-56,649	$11,591	-5.9%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR HENRY PAUL	CHAIRMAN	1.00	Officer Director	$0	$0	$0
DR WILLIAM A LOIS	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
JOYCE LEIZ	TREASURER	1.00	Officer Director	$0	$0	$0
SHELLY MCDONALD-PINKETT MD	DIRECTOR	1.00	Director	$0	$0	$0
PASCALE JEAN	SECRETARY	1.00	Director	$0	$0	$0
CHRISTINA PARDO MD	DIRECTOR	1.00	Officer Director	$0	$0	$0
RACHELLE BARIL	DIRECTOR	1.00	Director	$0	$0	$0
CLIVE A GRANNUM	DIRECTOR	1.00	Director	$0	$0	$0
ERROL PIERRE	DIRECTOR	1.00	Director	$0	$0	$0
BERTAND ALEXIS	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	No data	No data	No data	No data
2023	$146,886	$203,535	$471,184	$-56,649
2022	$124,223	$112,632	$527,833	$11,591
2021	$119,315	$41,047	$516,242	$78,268
2020	$95,924	$64,638	$437,974	$31,286
2019	$194,255	$187,143	$406,689	$7,112
2018	$290,356	$170,821	$399,577	$119,535