THE WESTCHESTER MEDICAL PRACTICE PC

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2007

Legal Domicile

Phone

9147390087

Tax Period

2023-01-01 to 2023-12-31

THE WESTCHESTER MEDICAL PRACTICE PC, founded in 2007, is a mid-sized nonprofit in the Health Care sector that reported $96.2M in total revenue in fiscal year 2023. Revenue surged 35% from the prior year, signaling strong growth momentum.

Mission

THE WESTCHESTER MEDICAL PRACTICE, P.C DBA NEW YORK PRESBYTERIAN MEDICAL GROUP/HUDSON VALLEY IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY FOR THE SOLE PURPOSE OF SUPPORTING AND FURTHERING THE CHARITABLE PURPOSES OF THE HUDSON VALLEY HOSPITAL CENTER DBA NEWYORK-PRESBYTERIAN/HUDSON VALLEY. THE PROMOTION OF HEALTH HAS CONSISTENTLY BEEN RECOGNIZED AS A CHARITABLE OBJECTIVE FOR THE ORGANIZATION, SPECIFICALLY, PROVIDING HOSPITAL CARE TO MEMBERS OF THE COMMUNITY AND IS AN INTEGRAL PART OF THE HUDSON VALLEY HOSPITAL CENTER, A NOT FOR PROFIT CORPORATION.

Program Service Accomplishments

Program 1

Expenses: $83,111,000 Revenue: $53,772,647

PROMOTION OF HEALTH AND PROVIDING HOSPITAL CARE TO MEMBERS OF THE COMMUNITY AS WELL AS SUPPORTING AND FURTHERING THE CHARITABLE PURPOSES OF THE HUDSON VALLEY HOSPITAL CENTER DBA...

PROMOTION OF HEALTH AND PROVIDING HOSPITAL CARE TO MEMBERS OF THE COMMUNITY AS WELL AS SUPPORTING AND FURTHERING THE CHARITABLE PURPOSES OF THE HUDSON VALLEY HOSPITAL CENTER DBA NEWYORK-PRESBYTERIAN/HUDSON VALLEY.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $41,618,114

Program Service Revenue $53,181,236

Investment Income $130,040

Other Revenue $1,222,955

TOTAL REVENUE $96,152,345

Expense Breakdown

Grants Paid $0

Salaries & Benefits $59,951,890

Fundraising Expenses $0

Program Expenses $83,111,000

Other Expenses $36,200,455

TOTAL EXPENSES $96,152,345

Year-over-Year Comparison

	2023	2022	Change
Revenue	$96,152,345	$71,346,739	+0.3%
Expenses	$96,152,345	$91,593,606	+0.0%
Net Income	$0	$-20,246,867	-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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

N/A

Employees

361

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

$1,243,902

Total Directors

$677,830

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	PRESIDENT	30.0	Officer Director	$0	$45,205	$677,830
N/A	CHIEF MEDICAL OFFICER	0.5	Officer	$0	$59,288	$566,072
N/A	PHYSICIAN	40.0	Highest	$984,339	$60,860	$1,045,199
N/A	PHYSICIAN	40.0	Highest	$929,369	$47,286	$976,655
N/A	PHYSICIAN	40.0	Highest	$1,006,502	$59,426	$1,065,928
N/A	PHYSICIAN	40.0	Highest	$928,439	$63,945	$992,384
N/A	PHYSICIAN	40.0	Highest	$1,081,474	$43,695	$1,125,169

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	$96,152,345	$96,152,345	$26,280,768	No data
2022	$71,346,739	$91,593,606	$30,570,976	$-20,246,867
2021	$63,027,165	$80,102,876	$21,408,961	$-17,075,711
2020	$49,699,586	$74,707,209	$15,777,530	$-25,007,623
2019	$54,339,665	$73,646,895	$15,624,189	$-19,307,230
2018	$38,988,971	$62,367,828	$7,305,189	$-23,378,857