STATEN ISLAND PERFORMING PROVIDER … - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2014

Legal Domicile

Principal Officer

JOSEPH CONTE

Phone

9178301148

Tax Period

2023-01-01 to 2023-12-31

STATEN ISLAND PERFORMING PROVIDER SYSTEM LLC, founded in 2014, is a community nonprofit in the Health Care sector that reported $2.3M in total revenue in fiscal year 2023. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $5.0M exceeded revenue, resulting in a 112% operating deficit.

Mission

STATEN ISLAND PERFORMING PROVIDER SYSTEM, LLC'S MISSION IS TO LESSEN THE BURDEN OF GOVERNMENT AND PROMOTE HEALTH THROUGH THE ESTABLISHMENT OF A PERFORMING PROVIDER SYSTEM ("PPS") UNDER NEW YORK STATE DEPARTMENT OF HEALTH'S DELIVERY SYSTEM REFORM INCENTIVE PAYMENT ("DSRIP") PROGRAM, BY PROVIDING SUPPORT AND OTHER ASSISTANCE TO PHYSICIANS, HOSPITALS, OUTPATIENT CLINICS, AND OTHER HEALTHCARE SERVICE PROVIDERS TO ENCOURGE, FACILITATE, AND ENHANCE THEIR ABILITY TO COLLABORATE IN FURTHERANCE OF SUCCESSFULLY IMPLEMENTING INNOVATIVE AND EFFECTIVE PROGRAMS, PROJECTS, AND SERVICES AIMED AT ACHIEVING HEALTHCARE DELIVERY SYSTEM TRANSFORMATION, IMPROVEMENTS IN CLINICAL OUTCOMES, PATIENT SATISFACTION, AND POPULATION HEALTH MANAGEMENT AND CARE COORDINATION FOR THE BENEFIT OF MEDICAID BENEFICIARIES AND PATIENT POPULATIONS.

Program Service Accomplishments

Program 1

Expenses: $4,880,458 Revenue: $1,918,582

STATEN ISLAND PERFORMING PROVIDER SYSTEM (SIPPS) is a participant in New York State's Delivery System Reform Incentive Payment (DSRIP) program. The program's goals include reducing avoidable...

STATEN ISLAND PERFORMING PROVIDER SYSTEM (SIPPS) is a participant in New York State's Delivery System Reform Incentive Payment (DSRIP) program. The program's goals include reducing avoidable hospitalizations and ensuring that patients with Medicaid switch to a community-based care system that emphasizes preventative care over reliance on the emergency room.

🔒

Trantor Score

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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,918,582

Investment Income $30,288

Other Revenue $397,779

TOTAL REVENUE $2,346,649

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,148,358

Fundraising Expenses $0

Program Expenses $4,880,458

Other Expenses $1,818,775

TOTAL EXPENSES $4,967,133

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,346,649	$3,172,947	-0.3%
Expenses	$4,967,133	$5,780,905	-0.1%
Net Income	$-2,620,484	$-2,607,958	+0.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

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

Governance

Voting Members

Independent Members

Employees

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

$2,693,007

Total Directors

$2,279,311

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LAURENCE KRAEMER	Secretary/Trustee	0.0	Officer	$0	$69,888	$1,372,753
BRAHIM ARDOLIC	Trustee/Exec Dir Northwell	0.0	Director	$0	$78,507	$1,187,894
JOSEPH SCHULMAN	Trustee/SVP Northwell	0.0	Director	$0	$42,207	$1,091,417
Jospeh Conte	Executive Director	50.0	Officer	$609,027	$0	$609,027
Anyi Chen	Chief Information Officer	50.0	Officer	$244,214	$0	$244,214
Salvatore Volpe	Chief Medical Officer	50.0	Officer	$242,724	$0	$242,724
Ashley Restaino	Managing Director, Strategic I	50.0	Officer	$224,289	$0	$224,289
Mary Han	Director of Workforce	50.0	Highest	$135,395	$0	$135,395
Valbona Lajqi	Operations Manager	50.0	Highest	$130,736	$0	$130,736
Sheylah Alva	Director of Ambulatory Care	50.0	Highest	$122,169	$0	$122,169
NON COMPENSATED TRUSTEES	SEE SCHEDULE O	2.0	Director	$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	$2,346,649	$4,967,133	$1,301,868	$-2,620,484
2022	$3,172,947	$5,780,905	$2,652,964	$-2,607,958
2021	$880,977	$19,912,763	$5,673,351	$-19,031,786
2020	$65,547,607	$24,809,166	$57,602,464	$40,738,441

STATEN ISLAND PERFORMING PROVIDER SYSTEM LLC