Peconic Cardiology PC (EIN 813149464) - 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

2016

Legal Domicile

Principal Officer

MICHAEL J DOWLING

Phone

5163216058

Tax Period

2024-01-01 to 2024-12-31

Peconic Cardiology PC, founded in 2016, is a mid-sized nonprofit in the Health Care sector that reported $25.8M in total revenue in fiscal year 2024.

Mission

PECONIC CARDIOLOGY, 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 $18,302,678

Investment Income $0

Other Revenue $7,489,355

TOTAL REVENUE $25,792,033

Expense Breakdown

Grants Paid $0

Salaries & Benefits $21,323,384

Fundraising Expenses $0

Program Expenses $22,750,138

Other Expenses $4,468,649

TOTAL EXPENSES $25,792,033

Year-over-Year Comparison

	2024	2023	Change
Revenue	$25,792,033	$24,212,308	+0.1%
Expenses	$25,792,033	$24,221,591	+0.1%
Net Income	$0	$-9,283	-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

118

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

$15,014,657

Total Directors

$3,548,973

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL DOWLING	CEO	0.0	Officer	$0	$75,656	$5,943,362
MICHELE CUSACK	CFO	0.0	Officer	$0	$85,322	$1,990,193
DAVID BATTINELLI	VP, Treasurer & Trustee	0.0	Officer Director	$0	$85,392	$1,895,203
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
JILL KALMAN	President, Sec & Trustee	0.0	Officer Director	$0	$69,777	$1,653,770
VINCENZO BARBATO DO	Cardiologist	50.0	Highest	$941,041	$85,322	$1,026,363
SEAN DONAHOE MD	Cardiologist	50.0	Highest	$924,578	$85,322	$1,009,900
STEVEN LEDERMAN MD	Interventional Cardiologist	50.0	Highest	$918,590	$85,322	$1,003,912
PRATEEK DALAL MD	Cardiologist	50.0	Highest	$932,662	$69,731	$1,002,393
RAJOO PATEL MD	Cardiologist	50.0	Highest	$922,262	$69,731	$991,993

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	$25,792,033	$25,792,033	$4,522,572	No data
2023	$24,212,308	$24,221,591	$5,204,973	$-9,283
2022	$23,661,586	$23,661,586	$6,389,855	No data
2021	$17,198,539	$21,926,966	$6,698,322	$-4,728,427
2020	$15,333,614	$20,791,536	$7,845,599	$-5,457,922
2019	$12,445,203	$18,855,995	$7,899,338	$-6,410,792
2018	$12,794,266	$18,301,836	$2,787,759	$-5,507,570

Peconic Cardiology PC