MOUNT SINAI MEDICAL CENTER INSURANCE TRUST (EIN 591830065) - Form 990 Financial Analysis & Trantor Score

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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

1988

Legal Domicile

Principal Officer

GINO SANTORIO

Phone

3056742121

Tax Period

2023-01-01 to 2023-12-31

MOUNT SINAI MEDICAL CENTER INSURANCE TRUST, founded in 1988, is a mid-sized nonprofit in the Mutual Benefit sector that reported $16.1M in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year.

Mission

MT. SINAI MEDICAL CENTER INSURANCE TRUST IS A SELF-INSURANCE TRUST THAT HAS BEEN SET UP TO COVER MALPRACTICE AND GENERAL LIABILITY CLAIMS FILED AGAINST MT. SINAI MEDICAL CENTER OF FLORIDA, INC.

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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 $0

Program Service Revenue $16,025,000

Investment Income $51,918

Other Revenue $0

TOTAL REVENUE $16,076,918

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $16,139,929

Other Expenses $16,139,929

TOTAL EXPENSES $16,139,929

Year-over-Year Comparison

	2023	2022	Change
Revenue	$16,076,918	$17,053,348	-0.1%
Expenses	$16,139,929	$14,778,176	+0.1%
Net Income	$-63,011	$2,275,172	-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

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

$3,400,987

Total Directors

$4,118,698

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALEXANDER A MENDEZ	EXECUTIVE VP/CFO	0.50	Officer Director	$0	$100,266	$1,466,566
GINO SANTORIO	PRESIDENT/CEO	1.00	Officer Director	$0	$74,144	$1,934,421
ARNOLD JAFFEE	SENIOR VP/GEN COUNSEL	0.50	Director	$0	$100,336	$717,711
N/A	TRUSTEE	0.00		$0	$0	$0
STEVEN D SONENREICH	FORMER PRESIDENT/CEO	0.00		$0	$0	$1,084,684

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	$16,076,918	$16,139,929	$2,456,300	$-63,011
2022	$17,053,348	$14,778,176	$2,519,311	$2,275,172
2021	$16,605,515	$18,830,999	$244,139	$-2,225,484
2020	$9,902,916	$10,088,850	$2,469,623	$-185,934
2019	$15,234,954	$15,054,271	$2,655,557	$180,683
2018	$19,132,558	$19,132,742	$2,474,874	$-184

MOUNT SINAI MEDICAL CENTER INSURANCE TRUST