WESTBURY, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
MEDCIAL CARE OF QUEENS, PC IS PART OF NORTHWELL HEALTH INC. ("NORTHWELL"), WHICH STRIVES TO IMPROVE THE HEALTH OF THE COMMUNITIES IT SERVES AND IS COMMITTED TO PROVIDING THE HIGHEST QUALITY CLINICAL CARE; EDUCATING THE CURRENT AND FUTURE GENERATIONS OF HEALTHCARE PROFESSIONALS; SEARCHING FOR NEW ADVANCES IN MEDICINE THROUGH THE CONDUCT OF BIOMEDICAL RESEARCH; PROMOTING HEALTH EDUCATION; AND CARING FOR THE ENTIRE COMMUNITY REGARDLESS OF THE ABILITY TO PAY.
Medcial Care of Queens, PC is an affiliated member of NORTHWELL HEALTH, INC. ("NORTHWELL") and part of NORTHWELL's medical group and ambulatory lines of service. It strives to make a measurable...
Medcial Care of Queens, PC is an affiliated member of NORTHWELL HEALTH, INC. ("NORTHWELL") and part of NORTHWELL's medical group and ambulatory lines of service. It strives to make a measurable difference in the health status of the communities it serves by providing comprehensive health care regardless of ability to pay.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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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