BRONX, NY
4 risk indicators measuring financial stability and operational resilience
Sign in with your work email to view Tuckman-Chang indicators
Sign In — Free (10 views/day)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.
SOMOS HEALTHCARE PROVIDERS, INC. (SOMOS) PROMOTES AND SUPPORTS THE DELIVERY OF EXCEPTIONAL, HIGHLY ACCESSIBLE, PATIENT-CENTERED, CULTURALLY COMPETENT, PREVENTIVE, AND VALUE-BASED CARE FOR THE MOST UNDERSERVED COMMUNITIES IN NEW YORK BY BUILDING THE CAPACITY OF AN INDEPENDENT NETWORK OF HEALTHCARE AND SOCIAL CARE PROVIDERS. TO SUSTAIN THE NETWORK PROVIDERS' ABILITY TO ENGAGE IN EFFECTIVE, TARGETED PREVENTIVE AND WHOLE-PERSON CARE SOMOS SUPPORTS PROVIDER COLLABORATION, CAPACITY BUILDING, ENGAGES IN SOCIAL CARE NAVIGATION, CARE COORDINATION AND CARE MANAGEMENT, AND PROVIDES ROBUST DATA COLLECTION AND ANALYTICS THEREBY ALLOWING FOR COMPREHENSIVE EVALUATION OF INTEGRATED CARE PROGRAMS AND INITIATIVES.
In 2024, SOMOS continued to build the capacity of network providers to engage in value-based care initiatives including practice transformation and capacity building; secure bidirectional exchanges...
In 2024, SOMOS continued to build the capacity of network providers to engage in value-based care initiatives including practice transformation and capacity building; secure bidirectional exchanges and critical connectivity; and engage in strategic communications and community education. The organization is engaged in supporting a growing network of Health Related Social Needs (HRSN) providers in an innovative Social Care Network 1115 waiver funded program in New York State. The organization engaged in sustainable, critical practice transformation and capacity-building activities including expanding Patient-Centered Medical Homes (PCMH), assisting in closing care gaps, care management, care coordination, and deploying Community Health Workers (CHWs). The organization secured bidirectional exchanges and ensured critical connectivity, centralized Information Technology (IT) system, and enhanced the Electronic Health Record (EHR) systems. SOMOS also facilitated data warehouse and data analytics for providers to improve the quality of care and identify gaps in care. SOMOS has facilitated the growth of a diverse network of providers dedicated to whole-person integrated care and addressing health inequities amongst underserved residents of New York City. SOMOS reached, meaningfully engaged, and sustained the active participation of patients in their health, by engaging in advertising, marketing, communications, education, events, digital marketing, patient-use tools, health fairs and events, research and data, and strategic partnerships.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
Sign in to view Trantor Score and financial metrics
Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
Sign in to view all financial metrics
Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| 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 |
| 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 |
Compare SOMOS HEALTHCARE PROVIDERS INC with other nonprofits in New York and across the country.