ST PETER'S HEALTH PARTNERS MEDICAL ASSOCIATES PC (EIN 461177336) - 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

KELLIE VALENTI

Phone

5185255555

Tax Period

2023-07-01 to 2024-06-30

ST PETER'S HEALTH PARTNERS MEDICAL ASSOCIATES PC, founded in 2012, is a major nonprofit in the Health Care sector that reported $288.3M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE HEALTH CARE SERVICES

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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 $31,926

Program Service Revenue $288,208,289

Investment Income $0

Other Revenue $36,764

TOTAL REVENUE $288,276,979

Expense Breakdown

Grants Paid $0

Salaries & Benefits $263,692,004

Fundraising Expenses $0

Program Expenses $291,309,939

Other Expenses $51,103,955

TOTAL EXPENSES $314,795,959

Year-over-Year Comparison

	2023	2022	Change
Revenue	$288,276,979	$259,489,711	+0.1%
Expenses	$314,795,959	$281,142,729	+0.1%
Net Income	$-26,518,980	$-21,653,018	+0.2%

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

1816

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

$4,322,275

Total Directors

$11,594,572

Key Employees

$3,061,177

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VARDAN AMIRBEKIAN MD	DIR; CHR; PHYS-DIAGNOSTIC RADIOLOGY	49.00	Officer Director	$1,163,072	$52,060	$1,215,132
KRISTEN SANTOS DO	DIR; VICE CHR;PHYSICIAN-INT MEDICINE	1.00	Officer Director	$0	$51,986	$598,822
DENISE LETTERIELLO DO	DIRECTOR;SECRETARY;PHYS-PEDIATRICS	50.00	Officer Director	$223,995	$26,955	$250,950
JAMES PHILLIP MD	DIR,TREASURER;PHYSICIAN - CARDIOLOGY	50.00	Officer Director	$727,102	$45,631	$772,733
SMBAT AMIRBEKIAN MD	DIRECTOR; PHYS-DIAG RADIOLOGY	50.00	Director	$999,120	$47,003	$1,046,123
BRIGITTE BEKAN-HOMAWOO MD	DIRECTOR; PHYS-FAMILY MEDICINE	50.00	Director	$460,837	$15,752	$476,589
CHRISTOPHER DIBBLE MD	DIRECTOR; PHYSICIAN - CARDIOLOGY	50.00	Director	$732,969	$46,186	$779,155
MARY KYLE DYER MARTIN MD	DIRECTOR;PHYSICIAN - FAMILY MEDICINE	1.00	Director	$0	$40,354	$364,331
ERICA FISH MERRILL DO	DIR; PHYSICIAN - FAMILY MEDICINE	0.00	Director	$0	$46,613	$926,410
VISHWALA KASBEKAR MD	DIR; PHYSICIAN - INTERNAL MEDICINE	50.00	Director	$417,003	$24,744	$441,747
ARA KAYAYAN MD	DIR; PHYSICIAN - INTERNAL MEDICINE	50.00	Director	$391,430	$57,291	$448,721
YVENALIE LAURENT MD	DIRECTOR; PHYSICIAN-FAMILY MEDICINE	50.00	Director	$556,396	$43,870	$600,266
ELIZABETH MARKS MD	DIRECTOR;PHYSICIAN-INTERNAL MEDICINE	50.00	Director	$165,944	$25,093	$191,037
BRIAN MURRAY MD	DIR THR 12/23; PHYSICIAN - UROLOGY	50.00	Director	$601,867	$35,415	$637,282
GUILLERMO SOSA-SUAREZ MD	DIRECTOR; PHYSICIAN - CARDIOLOGY	50.00	Director	$321,835	$21,316	$343,151
YARON STERNBACH MD	DIR; PHYSICIAN - VASCULAR SURGERY	50.00	Director	$1,201,887	$48,459	$1,250,346
JOHN TAGGERT MD	DIRECTOR AS OF 1/24; PHYSICIAN	50.00	Director	$1,210,768	$41,009	$1,251,777
KELLIE VALENTI	PRESIDENT	50.00	Officer	$0	$113,919	$652,625
THOMAS ROBERT	VP & CFO - NEW YORK REGION	1.00	Officer	$0	$64,139	$832,013
STEVEN HANKS MD	PRESIDENT & CEO-NY REGION	1.00	Key Emp	$0	$261,159	$1,589,245
WILLIAM KOWAL MD	CHIEF MEDICAL OFFICER	49.00	Key Emp	$598,155	$51,397	$649,552
KIM BAKER	SVP HOSPITAL OPERATIONS	1.00	Key Emp	$0	$135,547	$822,380
SOON PARK MD	CHIEF OF CARDIAC SURGERY	50.00	Highest	$1,303,238	$37,127	$1,340,365
KYRIL CHOUMAROV MD	PHYSICIAN - THORACIC SURGERY	50.00	Highest	$1,222,028	$46,999	$1,269,027
KATHLEEN OZSVATH MD	PHYSICIAN - VASCULAR SURGERY	50.00	Highest	$1,207,449	$37,956	$1,245,405
DENNIS RASSIAS MD	PHYSICIAN - THORACIC SURGERY	50.00	Highest	$1,128,969	$46,671	$1,175,640
JONAH MARSHALL MD	PHYSICIAN - UROLOGY	50.00	Highest	$1,087,070	$48,973	$1,136,043
JASON HECKMAN MD	FORMER OFF; PHYS - GENERAL SURGERY	50.00		$755,819	$46,287	$802,106
RICHARD ROWLEY MD	FORM OFF; PHYS-DIAGNOSTIC RADIOLOGY	50.00		$397,674	$47,247	$444,921
HAROLD SOKOL MD	FORMER OFF; PHYS - PULMONARY DISEASE	50.00		$255,329	$42,474	$297,803
JILL BRAVERMAN-PANZA MD	FORMER OFFICER;PHYS-INTERNAL MED	50.00		$148,664	$17,034	$165,698
JAMES REED MD	FORMER OFFICER	0.00		$0	$12,386	$216,129
MICHAEL FINEGAN	FORMER OFFICER; CONSULTANT	0.00		$0	$387,463	$1,120,885

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	$288,276,979	$314,795,959	$96,549,646	$-26,518,980
2023	$259,489,711	$281,142,729	$92,103,725	$-21,653,018
2022	$220,691,254	$235,089,360	$73,419,665	$-14,398,106
2021	$143,209,123	$190,875,602	$63,947,656	$-47,666,479
2020	$121,937,651	$177,538,933	$45,597,114	$-55,601,282
2019	$121,257,461	$169,599,918	$31,974,127	$-48,342,457
2018	$99,952,352	$152,464,536	$22,217,393	$-52,512,184

ST PETER'S HEALTH PARTNERS MEDICAL ASSOCIATES PC