NORTHEAST HOSPITAL MEDICAL STAFF INC (EIN 460643398) - Form 990 Financial Analysis & Trantor Score

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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

JEFFREY HEIT MD

Phone

9789223000

Tax Period

2024-01-01 to 2024-12-31

NORTHEAST HOSPITAL MEDICAL STAFF INC, founded in 2012, is a small nonprofit in the Community Improvement sector that reported $372K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $332K left a modest 11% surplus.

Mission

TO PROVIDE EDUCATIONAL OPPORTUNITIES AND OTHER BENEFITS TO NORTHEAST HOSPITAL MEDICAL STAFF

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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 $0

Program Service Revenue $371,100

Investment Income $745

Other Revenue $0

TOTAL REVENUE $371,845

Expense Breakdown

Grants Paid $0

Salaries & Benefits $291,647

Fundraising Expenses $0

Program Expenses $329,712

Other Expenses $40,710

TOTAL EXPENSES $332,357

Year-over-Year Comparison

	2024	2023	Change
Revenue	$371,845	$342,628	+0.1%
Expenses	$332,357	$345,277	0.0%
Net Income	$39,488	$-2,649	-15.9%

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

N/A

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

$236,250

Total Directors

$236,250

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL COLANCECCO MD	SECRETARY/TREASURER	5.00	Officer Director	$11,250	$0	$11,250
KATRINA L SANDERS MD	SECRETARY/TREASURER	5.00	Officer Director	$25,000	$0	$25,000
JEFFREY HEIT MD	PRESIDENT	10.00	Officer Director	$200,000	$0	$200,000

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
2025	No data	No data	No data	No data
2024	$371,845	$332,357	$279,379	$39,488
2023	$342,628	$345,277	$239,891	$-2,649
2022	$374,216	$397,720	$242,540	$-23,504
2021	$358,054	$398,803	$266,044	$-40,749
2020	$198,257	$335,639	$306,793	$-137,382
2019	$397,654	$446,288	$444,174	$-48,634
2018	$479,382	$357,341	$492,808	$122,041

NORTHEAST HOSPITAL MEDICAL STAFF INC