CONEY ISLAND MEDICAL PRACTICE PLAN PC

EIN: 800639088 501(c)(3) Health Care

BRONX, NY

Total Revenue
$495,588
Total Expenses
$3,726,276
Total Assets
$12,111,696
Net Assets
$11,318,853
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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
Phone
7185796200
Tax Period
2024-07-01 to 2025-06-30

CONEY ISLAND MEDICAL PRACTICE PLAN PC, founded in 2010, is a small nonprofit in the Health Care sector that reported $496K in total revenue in fiscal year 2024. Revenue fell 99% from the prior year — a significant decline worth monitoring. Expenses of $3.7M exceeded revenue, resulting in a 652% operating deficit.

Mission

OUR MISSION IS TO BE THE CLINICAL SERVICE PROVIDER AT CONEY ISLAND 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $27,383
Investment Income $468,205
Other Revenue $0
TOTAL REVENUE $495,588

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $3,715,724
Other Expenses $3,726,276
TOTAL EXPENSES $3,726,276

Year-over-Year Comparison

2024 2023 Change
Revenue $495,588 $34,567,168 -1.0%
Expenses $3,726,276 $30,924,402 -0.9%
Net Income $-3,230,688 $3,642,766 -1.9%
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
13
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
$0
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WARREN SEIGEL MD President 0.00
Officer Director
$0 $0 $0
ASHOK KHANNA MD Director 0.00
Director
$0 $0 $0
SHAHBAZ KHAN MD Director 0.00
Director
$0 $0 $0
JEFFREY GOLDBERG DO Director 0.00
Director
$0 $0 $0
ANOMADARSHI BARUA MD Director 0.00
Director
$0 $0 $0
SUDHAKAR PRABHU MD Director 0.00
Director
$0 $0 $0
MARK KINDSCHUH MD Treasurer 0.00
Officer Director
$0 $0 $0
STEVEN YAP MD Director 0.00
Director
$0 $0 $0
YASWANT PATEL MD Director 0.00
Director
$0 $0 $0
PARDHA VALLURU MD Secretary 0.00
Officer Director
$0 $0 $0
TERRENCE BRADY DO Director 0.00
Director
$0 $0 $0
MAGGIE TETROKALASHVILI MD Director 0.00
Director
$0 $0 $0
MIR TANVEER MD Director 0.00
Director
$0 $0 $0
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
2025 $495,588 $3,726,276 $12,111,696 $-3,230,688
2024 $34,567,168 $30,924,402 $23,550,446 $3,642,766
2023 $25,940,239 $22,457,577 $18,092,822 $3,482,662
2022 $24,497,795 $23,888,334 $13,559,148 $609,461
2021 $19,438,275 $18,847,795 $7,608,184 $590,480
2020 $16,049,355 $17,436,882 $8,934,052 $-1,387,527
2019 $17,823,342 $16,576,820 $9,438,134 $1,246,522
2018 $16,622,460 $17,485,468 $9,027,291 $-863,008
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