WINTHROP COMMUNITY MEDICAL AFFILIATES PC

EIN: 472665045 501(c)(3)

Mineola, NY

Total Revenue
$4,104,060
Total Expenses
$2,326,084
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
NY
Principal Officer
JOSEPH GRECO MD
Phone
5163932232
Tax Period
2019-09-01 to 2020-08-31

WINTHROP COMMUNITY MEDICAL AFFILIATES PC, founded in 2015, is a community nonprofit that reported $4.1M in total revenue in fiscal year 2019. Revenue fell 96% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $1.8M, a strong 43% operating margin.

Mission

WINTHROP COMMUNITY MEDICAL AFFILIATES PC WAS ORGANIZED FOR THE PURPOSE OF PROMOTING HEALTH FOR MEMBERS OF ITS COMMUNITY BY PROVIDING MEDICAL SERVICES IN MULTIPLE SPECIALTIES, INCLUDING SURGERY, CARDIOLOGY, ORTHOPEDICS, INTERNAL MEDICINE AND HOSPITALIST SERVICES AS REQUESTED BY NYU WINTHROP HOSPITAL. As a result of merger with NYU Langone Hospital effective 8/31/19, the organization began to cease operations.

Program Service Accomplishments

Program 1
Expenses: $0 Revenue: $0

PROMOTION OF PUBLIC HEALTH BY PROVIDING MEDICAL CARE IN VARIOUS SPECIALTIES FOR MEMBERS OF ITS COMMUNITY. As a result of the merger between NYU Winthrop and NYU Langone Hospitals, the organization...

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PROMOTION OF PUBLIC HEALTH BY PROVIDING MEDICAL CARE IN VARIOUS SPECIALTIES FOR MEMBERS OF ITS COMMUNITY. As a result of the merger between NYU Winthrop and NYU Langone Hospitals, the organization began to wind down its operation on 8/1/2019.

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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 (2019)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $0
Other Revenue $4,104,060
TOTAL REVENUE $4,104,060

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $0
Other Expenses $2,326,084
TOTAL EXPENSES $2,326,084

Year-over-Year Comparison

2019 2018 Change
Revenue $4,104,060 $97,866,975 -1.0%
Expenses $2,326,084 $134,469,105 -1.0%
Net Income $1,777,976 $-36,602,130 -1.0%
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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Governance

Voting Members
3
Independent Members
N/A
Employees
N/A
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
3
$2,971,922
Total Directors
3
$2,971,922
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PHILIP RAGNO MD VICE PRESIDENT AND TREASURER 1.0
Officer Director
$0 $33,983 $1,387,206
JOSEPH J GRECO MD PRESIDENT 1.0
Officer Director
$0 $84,375 $1,057,447
MARC S ADLER MD VICE PRESIDENT AND SECRETARY 1.0
Officer Director
$0 $13,483 $527,269
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
2020 $4,104,060 $2,326,084 No data $1,777,976
2019 $97,866,975 $134,469,105 $4,323,098 $-36,602,130
2018 $200,899,215 $308,545,309 $20,920,163 $-107,646,094
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