SOMOS HEALTHCARE PROVIDERS INC (EIN 472528627) - 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

2014

Legal Domicile

Principal Officer

MARIO J PAREDES

Phone

6469797613

Tax Period

2024-01-01 to 2024-12-31

SOMOS HEALTHCARE PROVIDERS INC, founded in 2014, is a mid-sized nonprofit in the Health Care sector that reported $21.8M in total revenue in fiscal year 2024. Expenses of $32.9M exceeded revenue, resulting in a 51% operating deficit.

Mission

THE ORGANIZATION'S MISSION IS TO EXPAND HEALTHY EQUITY FOR THE UNDERSERVED & TO ENSURE THE SUSTAINABILITY OF AN INDEPENDENT NETWORK OF HEALTH & SOCIAL CARE PROVIDERS IN NEW YORK.

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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 $21,161,765

Program Service Revenue $0

Investment Income $177,479

Other Revenue $478,662

TOTAL REVENUE $21,817,906

Expense Breakdown

Grants Paid $136,250

Salaries & Benefits $7,450,974

Fundraising Expenses $0

Program Expenses $26,658,015

Other Expenses $25,345,130

TOTAL EXPENSES $32,932,354

Year-over-Year Comparison

	2024	2023	Change
Revenue	$21,817,906	$20,550,130	+0.1%
Expenses	$32,932,354	$42,879,486	-0.2%
Net Income	$-11,114,448	$-22,329,356	-0.5%

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

$1,683,409

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARIO PAREDES	CEO	40.0	Officer	$403,400	$30,717	$434,117
MICHELLE YOLANDA MORAZAN	VP POLICY & STRAT DEVLOP.	40.0	Highest	$356,000	$12,941	$368,941
LIDIA VIRGIL	COO	40.0	Officer	$329,195	$27,382	$356,577
GLORIA WONG	VP OF OPERATIONS & EVP	40.0	Highest	$318,329	$26,948	$345,277
ELIZABETH DIXON-WEBB	VP OF HUMAN RESOURCES	40.0	Highest	$254,263	$24,189	$278,452
STEPHANIE DULUC	CHIEF OF STAFF	40.0	Officer	$263,692	$12,349	$276,041
JOHN DIONISIO	CHIEF INFORMATION OFFICER	40.0	Officer	$230,999	$0	$230,999
ANEL PLA	VP COMMUNICATIONS	40.0	Highest	$196,531	$12,941	$209,472
CARLOS DOMINGO NUNEZ	MED. DIR. OF BUS. DEVELOP.	40.0	Highest	$157,538	$31,661	$189,199
DEAN CARILLI	CHIEF COMPLIANCE OFFICER	40.0	Officer	$144,200	$22,157	$166,357
YOMARIS PENA MD	CHIEF MEDICAL OFFICER	40.0	Officer	$144,200	$14,832	$159,032
RAYMOND LEE	VP OF FINANCE	40.0	Officer	$57,808	$2,478	$60,286
RAMON TALLAJ MD	CHAIRMAN - DIRECTOR	2.0	Officer Director	$0	$0	$0
HENRY CHEN MD	PRESIDENT - DIRECTOR	2.0	Officer Director	$0	$0	$0
OSCAR FUKILMAN MD	SECRETARY - DIRECTOR	2.0	Officer Director	$0	$0	$0
MING ZHU MD	DIRECTOR	2.0	Director	$0	$0	$0
STEPHEN ROSENTHAL	DIRECTOR	2.0	Director	$0	$0	$0
VICTOR PERALTA MD	DIRECTOR	2.0	Director	$0	$0	$0
FRANCISCO ROSARIO MD	DIRECTOR	2.0	Director	$0	$0	$0
DAVID ZHANG MD	DIRECTOR	2.0	Director	$0	$0	$0
STEVEN MEISINGER	TREASURER	2.0	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	$21,817,906	$32,932,354	$44,665,012	$-11,114,448
2023	$20,550,130	$42,879,486	$59,772,836	$-22,329,356
2022	$77,520,445	$101,263,628	$86,975,574	$-23,743,183
2021	$92,293,737	$151,793,597	$143,305,579	$-59,499,860
2020	$33,457,480	$96,642,915	$172,658,335	$-63,185,435
2019	$104,757,963	$133,684,593	$238,315,433	$-28,926,630
2019	$104,757,963	$100,021,879	$238,315,433	$4,736,084
2018	$182,834,222	$115,860,924	$251,277,340	$66,973,298

SOMOS HEALTHCARE PROVIDERS INC