LONG ISLAND SELECT HEALTHCARE INC

EIN: 471001464 501(c)(3) Health Care

Central Islip, NY

Total Revenue
$24,397,842
Total Expenses
$22,598,771
Total Assets
$17,327,133
Net Assets
$7,397,963
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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
NY
Principal Officer
Lois Stoddard
Phone
6316502510
Tax Period
2023-01-01 to 2023-12-31

LONG ISLAND SELECT HEALTHCARE INC, founded in 2014, is a mid-sized nonprofit in the Health Care sector that reported $24.4M in total revenue in fiscal year 2023. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $22.6M left a modest 7% surplus.

Mission

TO PROVIDE PRIMARY AND PREVENTATIVE HEALTHCARE SERVICES FOCUSING ON LOW INCOME, MEDICALLY UNSERVED AND UNDERSERVED INDIVIDUALS WHILE HELPING IMPROVE ACCESS TO CARE AND ENSURING THAT INABILITY TO PAY IS NOT A BARRIER.

Program Service Accomplishments

Program 1
Expenses: $18,071,259 Revenue: $18,710,540

ARTICLE 28 - LONG ISLAND SELECT HEALTHCARE ("LISH") PROVIDES DIAGNOSTIC AND TREATMENT SERVICES INCLUDING COPMREHENSIVE PRIMARY CARE, DENTAL BEHAVIORAL HEALTH, MEDICAL SPECIALTIES, THERAPEUTIC...

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ARTICLE 28 - LONG ISLAND SELECT HEALTHCARE ("LISH") PROVIDES DIAGNOSTIC AND TREATMENT SERVICES INCLUDING COPMREHENSIVE PRIMARY CARE, DENTAL BEHAVIORAL HEALTH, MEDICAL SPECIALTIES, THERAPEUTIC SPECIALTIES, AND CHHRONIC CARE MANAGEMENT SERVICES. TOTAL NUMBER OF PATIENTS 6,044. LISH PARTICIPATES IN THE 340B PROGRAM ADMINISTERED BY THE OFFICE OF PHARMACY AFFAIRS WITHIN THE HEALTH RESOURCES AND SERVICES ADMINISTRATION OF THE DEPARTMENT OF HEALTH AND HUMAN SERVICES REQUIRING PARTICIPATING DRUG MANUFACTURERS TO PROVIDE OUTPATIENT DRUGS TO ELIGIBLE HEALTH CARE OGANIZATIONS AND COVERED ENTITIES AT REDUCED PRICES. LISH CONTRACTS WITH INDEPENDENT PHARMACIES UNDER THE 340B PROGRAM.

Program 2
Expenses: $1,910,271 Revenue: $1,183,356

ARTICLE 16 - THROUGH THE NEW YORK STATE OFFICE OF PEOPLE WITH DEVELOPMENTAL DISABILITIES, LONG ISLAND SELECT HEALTHCARE PROVIDES SPEECH THERAPY, OCCUPATIONAL THERAPY AND PHYSICAL THERAPY SERVICES...

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ARTICLE 16 - THROUGH THE NEW YORK STATE OFFICE OF PEOPLE WITH DEVELOPMENTAL DISABILITIES, LONG ISLAND SELECT HEALTHCARE PROVIDES SPEECH THERAPY, OCCUPATIONAL THERAPY AND PHYSICAL THERAPY SERVICES. TOTAL NUMBER OF PATIENTS: 636

Program 3
Expenses: $141,409 Revenue: $4,499,910

OTHER SERVICES - THE ORGANIZATION IS A FEDERALLY QUALIFIED HEALTH CENTER SUBRECIPIENT OF SUN RIVER HEALTH, INC.'S FEDERAL AWARD UNDER HEALTH RESOURCES AND SERVICES ADMINISTRATION (HRSA) FOR COMMUNITY...

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OTHER SERVICES - THE ORGANIZATION IS A FEDERALLY QUALIFIED HEALTH CENTER SUBRECIPIENT OF SUN RIVER HEALTH, INC.'S FEDERAL AWARD UNDER HEALTH RESOURCES AND SERVICES ADMINISTRATION (HRSA) FOR COMMUNITY HEALTH CARE PROGRAMS. A SECOND SUB-RECIPIENT GRANT WAS RECEIVED FROM HRSA VIA SUN RIVER HEALTH CONTRIBUTING TO THE PURCHASE OF A FACILITY VAN. NYS DOH FUNDING RECEIVED IN 2023: (1) FOR THE PURPOSE OF STAFF RETENTION AND OTHER HEALTHCARE-RELATED CARE EXPENSES; (2) STATEWIDE HEALTH CARE FACILITY TRANSFORMATION PROGRAM II GRANT AND (3) FUNDING UNDER THE NEWLY ENACTED NYS RX REINVESTMENT PROGRAM (SHARED WITH THE FEDERAL MEDICARE PROGRAM.)

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,386
Program Service Revenue $24,393,806
Investment Income $0
Other Revenue $1,650
TOTAL REVENUE $24,397,842

Expense Breakdown

Grants Paid $0
Salaries & Benefits $14,341,369
Fundraising Expenses $0
Program Expenses $20,122,939
Other Expenses $8,257,402
TOTAL EXPENSES $22,598,771

Year-over-Year Comparison

2023 2022 Change
Revenue $24,397,842 $19,366,525 +0.3%
Expenses $22,598,771 $19,730,957 +0.1%
Net Income $1,799,071 $-364,432 -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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Governance

Voting Members
9
Independent Members
9
Employees
135
Volunteers
10

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
8
$728,957
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DEEPIKA SOOD MD PSYCHIATRIST 23.0
Highest
$1,067,145 $31,861 $1,099,006
SCOTT KIM MD CHIEF MEDICAL OFFICER 37.5
Officer
$314,913 $0 $314,913
SPIRO THEOHARAKIS MD PSYCHIATRIST 25.0
Highest
$287,510 $23,672 $311,182
PARIS ARIANAS MD PSYCHIATRIST 27.5
Highest
$308,486 $0 $308,486
GAIL FRASER-FARMER MD PHYSICIAN 37.5
Highest
$208,997 $34,016 $243,013
AUDREY SMITH CEO (eff. 1/2023) 37.5
Officer
$232,418 $10,161 $242,579
ALAN WINIK DDS DENTIST 31.0
Highest
$199,296 $23,188 $222,484
LOIS STODDARD CFO (EFF. 4/2023) 37.5
Officer
$123,192 $7,217 $130,409
PEDRO L RIVERA CFO (1/2023 - 2/2023) 37.5
Officer
$33,520 $7,536 $41,056
JOHN LESSARD PRESIDENT 3.0
Officer Director
$0 $0 $0
ROCCO CIRIGLIANO TREASURER 3.0
Officer Director
$0 $0 $0
ROBERT BUDD SECRETARY 3.0
Officer Director
$0 $0 $0
TINA ACEVEDO DIRECTOR 1.0
Director
$0 $0 $0
MARK CREAN DIRECTOR 1.0
Director
$0 $0 $0
JUDY EISMAN DIRECTOR 1.0
Director
$0 $0 $0
LISA MEYER-FERTAL DIRECTOR 1.0
Director
$0 $0 $0
ROY PROBEYAHN DIRECTOR 1.0
Director
$0 $0 $0
DAVID SISKIND MD DIRECTOR 1.0
Director
$0 $0 $0
ALLISON BERGMANN see Sch O INTERIM CEO(THRU 2/2023) 22.5
Officer
$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 $24,397,842 $22,598,771 $17,327,133 $1,799,071
2022 $19,366,525 $19,730,957 $16,474,562 $-364,432
2021 $21,062,448 $19,997,257 $8,265,975 $1,065,191
2020 $19,474,253 $17,169,341 $6,694,026 $2,304,912
2019 $17,813,798 $16,001,923 $4,551,540 $1,811,875
2018 $15,948,796 $14,275,515 $4,098,001 $1,673,281
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