Nuvance Health 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

8454759500

Tax Period

2023-10-01 to 2024-09-30

Nuvance Health Medical Practice PC, founded in 2007, is a major nonprofit in the Health Care sector that reported $247.3M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

IMPROVE THE HEALTH OF EVERY PERSON IN OUR COMMUNITY THROUGH THE EFFICIENT DELIVERY OF EXCELLENT, INNOVATIVE AND COMPASSIONATE CARE.

Program Service Accomplishments

Program 1

Expenses: $245,057,724 Revenue: $246,154,088

NUVANCE HEALTH MEDICAL PRACTICE (NHMP) PROVIDES VARIOUS PRIMARY CARE AND SUB-SPECIALTY SERVICES INCLUDING FAMILY MEDICINE, INTERNAL MEDICINE, NEWBORN CARE, PEDIATRICS, CARDIOLOGY, CRITICAL CARE...

NUVANCE HEALTH MEDICAL PRACTICE (NHMP) PROVIDES VARIOUS PRIMARY CARE AND SUB-SPECIALTY SERVICES INCLUDING FAMILY MEDICINE, INTERNAL MEDICINE, NEWBORN CARE, PEDIATRICS, CARDIOLOGY, CRITICAL CARE, SURGICAL SERVICES, PULMONOLOGY, GASTROENTEROLOGY, RHEUMATOLOGY, PHYSICAL MEDICINE, ENDOCRINOLOGY, INFECTIOUS DISEASES, NEPHROLOGY, BREAST SURGERY, ONCOLOGY, BARIATRIC SURGERY, NEUROLOGY, SLEEP MEDICINE, OBSTETRICS AND GYNECOLOGY, BEHAVIORAL HEALTH, AND PALLIATIVE MEDICINE. NHMP ALSO PROVIDES VARIOUS HOSPITAL BASED SERVICES SUCH AS ANESTHESIOLOGY HOSPITAL MEDICINE AND EMERGENCY MEDICINE. NHMP SERVICES POUGHKEEPSIE, RHINEBECK, CARMEL, SHARON, CT, AS WELL AS THE SURROUNDING TOWNS. THERE ARE APPROXIMATELY 45 LOCATIONS SERVING AREAS IN THE MID-HUDSON VALLEY AND THE NORTHWEST CONNECTICUT COMMUNITY. 133,860 PATIENTS DURING FISCAL YEAR 2024 467,681 VISITS DURING FISCAL YEAR 2024 $1,280,976 - CHARITY CARE DURING FISCAL YEAR 2024 NHMP SERVES INDIVIDUALS OF ALL INCOME LEVELS AND FOLLOWS THE FINANCIAL ASSISTANCE POLICY ESTABLISHED BY ITS PARENT ORGANIZATION, NUVANCE HEALTH, AND FOLLOWED BY VASSAR BROTHERS MEDICAL CENTER, NORTHERN DUTCHESS HOSPITAL, PUTNAM HOSPITAL AND SHARON HOSPITAL.

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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 $174,130

Program Service Revenue $245,854,543

Investment Income $87,066

Other Revenue $1,156,467

TOTAL REVENUE $247,272,206

Expense Breakdown

Grants Paid $0

Salaries & Benefits $201,503,913

Fundraising Expenses $0

Program Expenses $245,057,724

Other Expenses $56,081,221

TOTAL EXPENSES $257,585,134

Year-over-Year Comparison

	2023	2022	Change
Revenue	$247,272,206	$225,713,088	+0.1%
Expenses	$257,585,134	$233,678,514	+0.1%
Net Income	$-10,312,928	$-7,965,426	+0.3%

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

1146

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

$4,254,542

Total Directors

$8,717,831

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTOPHER M LEHRACH MD	PRESIDENT/CHIEF PHYSICIAN EXECUTIVE	12.0	Officer Director	$0	$64,150	$1,438,820
PATRICK BRODERICK MD	CHAIR	3.0	Officer Director	$0	$4,040	$89,915
SHANTALA SONNAD MD	VICE CHAIR	43.0	Officer Director	$260,857	$56,308	$317,165
AARTI CAMPO MD	DIRECTOR	2.0	Director	$0	$63,829	$1,054,693
AMBER MITCHELL MD	DIRECTOR/PHYSICIAN-CLINICAL	42.0	Director	$801,857	$14,205	$816,062
CHARLES HERRICK MD	DIRECTOR	2.0	Director	$0	$66,779	$833,017
CRAIG SERIN MD	DIRECTOR/ STAFF PHYSICIAN	2.0	Director	$0	$21,687	$443,729
DANIEL CRUSER MD	DIRECTOR/ MED. DEPT. CHIEF	42.0	Director	$701,631	$22,194	$723,825
JAMES NITZKORSKI MD	DIRECTOR/PHYSICIAN-CLINICAL	42.0	Director	$645,025	$60,234	$705,259
LORRAINE ALLEGRO-SKINNER MD	DIRECTOR/PHYSICIAN-CLINICAL	42.0	Director	$220,551	$60,677	$281,228
PAUL FIEDLER MD	DIRECTOR/STAFF PHYSICIAN	2.0	Director	$0	$65,133	$510,286
STEVEN GORELICK MD	DIRECTOR/SYS CHAIR D.H.I.	2.0	Director	$0	$47,029	$885,260
THOMAS KOOBATIAN MD	DIRECTOR/ EXEC DIR-COS-NMH	2.0	Director	$0	$61,535	$618,572
BRIAN WYATT	SECRETARY & CHIEF LEGAL OFFICER	2.0	Officer	$0	$124,638	$758,850
DANIEL DEBARBA	CHIEF FINANCIAL OFFICER; TREASURER	2.0	Officer	$0	$175,627	$1,649,792
ABEEL A MANGI	PHYSICIAN-CLINICAL	40.0	Highest	$1,668,973	$21,708	$1,690,681
BRIAN BINETTI MD	PHYSICIAN-CLINICAL	40.0	Highest	$1,162,550	$63,821	$1,226,371
MICHAEL H CHO MD	PHYSICIAN-CLINICAL	40.0	Highest	$1,345,301	$34,111	$1,379,412
PAUL WRIGHT MD	PHYSICIAN-CLINICAL	40.0	Highest	$1,257,185	$56,211	$1,313,396
SUSAN K BOOLBOL MD	PHYSICIAN-CLINICAL	40.0	Highest	$1,098,629	$50,691	$1,149,320
CORNELIUS FERREIRA MD	FORMER DIRECTOR	0.0		$0	$11,741	$136,456
DANIEL J O'DEA MD	FORMER PRESIDENT NHMP	0.0		$0	$54,644	$566,925
DENISE GEORGE	FORMER CORPORATE SECRETARY	0.0		$0	$39,779	$792,314

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	$247,272,206	$257,585,134	$83,036,985	$-10,312,928
2023	$225,713,088	$233,678,514	$90,840,488	$-7,965,426
2022	$215,491,613	$212,581,382	$87,065,048	$2,910,231
2021	$204,738,907	$202,642,787	$142,888,759	$2,096,120
2018	$140,197,251	$158,620,290	$55,874,455	$-18,423,039