Marcus Avenue Medical PC (EIN 810861452) - 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

2015

Legal Domicile

Principal Officer

MICHAEL J DOWLING

Phone

5163216058

Tax Period

2024-01-01 to 2024-12-31

Marcus Avenue Medical PC, founded in 2015, is a mid-sized nonprofit in the Health Care sector that reported $36.2M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

MARCUS AVENUE MEDICAL, PC STRIVES TO IMPROVE THE HEALTH OF THE COMMUNITIES IT SERVES AND IS COMMITTED TO PROVIDING THE HIGHEST QUALITY CLINICAL CARE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $25,187,378

Investment Income $0

Other Revenue $11,045,197

TOTAL REVENUE $36,232,575

Expense Breakdown

Grants Paid $0

Salaries & Benefits $24,706,178

Fundraising Expenses $0

Program Expenses $31,801,768

Other Expenses $11,526,397

TOTAL EXPENSES $36,232,575

Year-over-Year Comparison

	2024	2023	Change
Revenue	$36,232,575	$33,044,102	+0.1%
Expenses	$36,232,575	$33,050,076	+0.1%
Net Income	$0	$-5,974	-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

192

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

$12,652,676

Total Directors

$5,494,903

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL DOWLING	Pres & CEO Northwell	0.0	Officer	$0	$75,656	$5,943,362
MICHELE CUSACK	CFO	0.0	Officer	$0	$85,322	$1,990,193
DEBORAH SCHIFF	EVP	0.0	Officer	$0	$69,777	$1,854,668
LAURENCE KRAEMER	Asst Sec, EVP & Gen Counsel	0.0	Officer	$0	$69,777	$1,677,461
MARK SCHIFFER	Trustee/ ED Lenox	0.0	Director	$0	$54,141	$1,292,296
DANIEL BAKER	Trustee/Exec Dir	0.0	Director	$0	$69,731	$984,914
PAULA MARCHETTA	President, Secretary & Treasur	50.0	Officer Director	$863,007	$68,217	$931,224
AESHITA DWIVEDI MD	Cardiologist	50.0	Highest	$812,396	$53,287	$865,683
LAWRENCE HECKER	Trustee/Physician	0.0	Director	$0	$69,777	$816,028
ALAN SPIEGEL MD	Cardiologist	50.0	Highest	$700,649	$85,322	$785,971
SUSAN MARGOLIS MD	Opthalmologist	50.0	Highest	$545,451	$68,172	$613,623
AMY HUANG MD	Physician	50.0	Highest	$490,030	$85,322	$575,352
SHAREEN MARYLES MD	Dermatologist	50.0	Highest	$524,205	$38,550	$562,755
HILLEL TOBIAS	Trustee/Director	50.0	Director	$499,724	$38,550	$538,274
DANIEL SILVERSHEIN	Trustee/Physician	50.0	Director	$410,938	$85,322	$496,260
JEFFREY ENGEL	Trustee/Physician	50.0	Director	$381,743	$54,164	$435,907
KAREN AIMETTI	Controller	50.0	Officer	$219,507	$36,261	$255,768

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	$36,232,575	$36,232,575	$35,318,365	No data
2023	$33,044,102	$33,050,076	$36,209,141	$-5,974
2022	$27,324,523	$27,324,523	$34,324,213	No data
2021	$17,010,236	$25,001,532	$15,403,274	$-7,991,296
2020	$11,316,597	$19,222,629	$15,867,405	$-7,906,032
2019	No data	$4,686,215	$2,522,641	No data

Marcus Avenue Medical PC