CROUSE MEDICAL PRACTICE PLLC

EIN: 800548096 501(c)(3) Health Care

SYRACUSE, NY

Total Revenue
$45,121,771
Total Expenses
$76,366,890
Total Assets
$14,930,815
Net Assets
$1,294,250
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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
2010
Legal Domicile
NY
Principal Officer
SETH KRONENBERG MD
Phone
3154707317
Tax Period
2023-01-01 to 2023-12-31

CROUSE MEDICAL PRACTICE PLLC, founded in 2010, is a mid-sized nonprofit in the Health Care sector that reported $45.1M in total revenue in fiscal year 2023. Expenses of $76.4M exceeded revenue, resulting in a 69% operating deficit.

Mission

TO PROVIDE CONSISTENT, QUALITY MEDICAL CARE AND SERVICE TO OUR PATIENTS AND TO PROMOTE A HEALTHY COMMUNITY. PLEASE SEE PART III FOR THE COMPLETE MISSION

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $37,550,703
Investment Income $-5,991
Other Revenue $7,577,059
TOTAL REVENUE $45,121,771

Expense Breakdown

Grants Paid $0
Salaries & Benefits $52,486,226
Fundraising Expenses $0
Program Expenses $70,512,051
Other Expenses $23,880,664
TOTAL EXPENSES $76,366,890

Year-over-Year Comparison

2023 2022 Change
Revenue $45,121,771 $42,021,177 +0.1%
Expenses $76,366,890 $67,084,558 +0.1%
Net Income $-31,245,119 $-25,063,381 +0.2%
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
583
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
2
$1,464,493
Total Directors
1
$984,102
Key Employees
1
$218,701
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SETH KRONENBERG MD PRESIDENT AND CEO 2.00
Officer Director
$289,666 $61,469 $984,102
KEVIN RANDALL CFO 4.00
Officer
$87,526 $64,138 $480,391
CHRIS WILLIAMSON CURRENT EXE. DIRECTOR 40.00
Key Emp
$188,376 $30,325 $218,701
DAVID PADALINO MD PHYSICIAN, NEUROSURGERY 40.00
Highest
$821,653 $39,625 $861,278
JOHN ULAHANNAN MD PHYSICIAN, CARDIOLOGY 40.00
Highest
$768,402 $13,469 $781,871
CLIFFORD SOULTS PHYSICIAN 40.00
Highest
$747,250 $13,805 $761,055
ANIL GEORGE MD PHYSICIAN, CARDIOLOGIST 40.00
Highest
$757,851 $35,105 $792,956
JOSEPH BATTAGLIA MD PHYSICIAN, CARDIOLOGY 40.00
Highest
$764,760 $34,405 $799,165
KIMBERLY BOYNTON FORMER CEO (TO 3.31.2023) 2.00
$405,093 $29,017 $1,528,328
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 $45,121,771 $76,366,890 $14,930,815 $-31,245,119
2022 $42,021,177 $67,084,558 $16,789,732 $-25,063,381
2021 $39,486,299 $65,346,882 $6,246,472 $-25,860,583
2020 $35,202,174 $58,893,263 $7,737,240 $-23,691,089
2019 $30,577,390 $49,072,648 $6,776,786 $-18,495,258
2018 $30,100,516 $48,175,248 $6,733,373 $-18,074,732
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