Medical Care of Queens PC

EIN: 474377679 501(c)(3) Health Care

WESTBURY, NY

Total Revenue
$33,474,513
Total Expenses
$33,350,677
Total Assets
$11,015,415
Net Assets
$-10,887,786
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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
MICHAEL DOWLING
Phone
5163216058
Tax Period
2024-01-01 to 2024-12-31

Medical Care of Queens PC, founded in 2015, is a mid-sized nonprofit in the Health Care sector that reported $33.5M in total revenue in fiscal year 2024. Revenue fell 68% from the prior year — a significant decline worth monitoring.

Mission

Medical Care of Queens, PC strives to improve the health of the communities it serves and is committed to providing the highest quality of care regardless of the ability to pay

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $23,131,383
Investment Income $0
Other Revenue $10,343,130
TOTAL REVENUE $33,474,513

Expense Breakdown

Grants Paid $0
Salaries & Benefits $18,292,745
Fundraising Expenses $0
Program Expenses $29,590,667
Other Expenses $15,057,932
TOTAL EXPENSES $33,350,677

Year-over-Year Comparison

2024 2023 Change
Revenue $33,474,513 $104,870,951 -0.7%
Expenses $33,350,677 $104,878,321 -0.7%
Net Income $123,836 $-7,370 -17.8%
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

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Governance

Voting Members
1
Independent Members
N/A
Employees
211
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
5
$13,661,685
Total Directors
1
$2,196,001
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL DOWLING CEO 0.0
Officer
$0 $75,656 $5,943,362
RICHARD BARAKAT President, Secretary & Treasur 0.0
Officer Director
$0 $85,392 $2,196,001
MICHELE CUSACK CFO 0.0
Officer
$0 $85,322 $1,990,193
DEBORAH SCHIFF EVP 0.0
Officer
$0 $69,777 $1,854,668
LAURENCE KRAEMER Asst Sec, EVP & Gen Counsel 0.0
Officer
$0 $69,777 $1,677,461
LIHONG WEI MD Hematologist/Oncologist 50.0
Highest
$1,307,409 $72,979 $1,380,388
ABHISEK SWAIKA MD Hematologist/Oncologist 50.0
Highest
$1,089,380 $61,883 $1,151,263
MALVINA FULMAN MD Hematologist/Oncologist 50.0
Highest
$1,057,321 $85,392 $1,142,713
GABRIEL JUNG MD Hematologist/Oncologist 50.0
Highest
$896,456 $69,731 $966,187
AVRAM ABRAMOWITZ MD Medical Oncologist 50.0
Highest
$872,554 $38,550 $911,104
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 $33,474,513 $33,350,677 $11,015,415 $123,836
2023 $104,870,951 $104,878,321 $18,542,223 $-7,370
2022 $96,926,419 $96,926,419 $23,952,108 No data
2021 $91,754,608 $96,257,899 $21,678,110 $-4,503,291
2020 $82,746,000 $89,218,154 $15,293,671 $-6,472,154
2019 No data $36,504 $140,650 No data
2018 No data No data No data No data
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