CARONDELET REGIONAL MEDICAL PC

EIN: 814769136 501(c)(3) Health Care

AMSTERDAM, NY

Total Revenue
$2,328,567
Total Expenses
$3,615,971
Total Assets
$401,782
Net Assets
$-8,353,729
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
NY
Principal Officer
RONALD MARSH MD
Phone
5188436914
Tax Period
2023-01-01 to 2023-12-31

CARONDELET REGIONAL MEDICAL PC, founded in 2016, is a community nonprofit in the Health Care sector that reported $2.3M in total revenue in fiscal year 2023. Revenue surged 118% from the prior year, signaling strong growth momentum. Expenses of $3.6M exceeded revenue, resulting in a 55% operating deficit.

Mission

ROOTED IN THE LOVING MINISTRY OF JESUS AS HEALER, WE COMMIT OURSELVES TO SERVING ALL PERSONS WITH SPECIAL ATTENTION TO THOSE WHO ARE POOR OR VULNERABLE. OUR CATHOLIC HEALTH MINISTRY IS DEDICATED TO SPIRITUALLY-CENTERED, HOLISTIC CARE WHICH SUSTAINS AND IMPROVES THE HEALTH OF INDIVIDUALS AND COMMUNITIES. WE ARE ADVOCATES FOR A COMPASSIONATE AND JUST SOCIETY THROUGH OUR ACTIONS AND OUR WORDS.

Program Service Accomplishments

Program 1
Expenses: $3,551,752 Revenue: $2,311,912

CARONDELET REGIONAL MEDICAL, PC IS A GENERAL PRACTICE CLINIC PROVIDING DAY TO DAY HEALTHCARE SERVICES TO PATIENTS OF ALL AGES. CARONDELET REGIONAL MEDICAL, PC PROVIDES EVALUATION AND TREATMENT THAT...

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CARONDELET REGIONAL MEDICAL, PC IS A GENERAL PRACTICE CLINIC PROVIDING DAY TO DAY HEALTHCARE SERVICES TO PATIENTS OF ALL AGES. CARONDELET REGIONAL MEDICAL, PC PROVIDES EVALUATION AND TREATMENT THAT IS USUALLY PROVIDED BY GENERAL PRACTITIONERS AND FAMILY MEDICINE DOCTORS.

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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 $2,311,912
Investment Income $0
Other Revenue $16,655
TOTAL REVENUE $2,328,567

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,822,833
Fundraising Expenses $0
Program Expenses $3,551,752
Other Expenses $793,138
TOTAL EXPENSES $3,615,971

Year-over-Year Comparison

2023 2022 Change
Revenue $2,328,567 $1,069,721 +1.2%
Expenses $3,615,971 $1,768,627 +1.0%
Net Income $-1,287,404 $-698,906 +0.8%
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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Governance

Voting Members
2
Independent Members
N/A
Employees
49
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
$1,474,763
Total Directors
2
$1,474,763
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEFFREY METHVEN HOSPITAL CEO 1.00
Officer Director
$0 $26,984 $614,419
RONALD MARSH PRESIDENT/SECRETARY 50.00
Officer Director
$838,199 $22,145 $860,344
KEVIN COPE PHYSICIAN 40.00
Highest
$407,751 $26,228 $433,979
WILLIAM HENRY FORLANO PHYSICIAN 40.00
Highest
$218,116 $17,037 $235,153
WALTER CUMMINGS PHYSICIAN 40.00
Highest
$213,982 $13,722 $227,704
THOMAS VENDITTI PHYSICIAN ASSISTANT 40.00
Highest
$162,893 $24,754 $187,647
GEORGE WEIS PHYSICIAN 40.00
Highest
$139,413 $15,585 $154,998
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 $2,328,567 $3,615,971 $401,782 $-1,287,404
2022 $1,069,721 $1,768,627 $556,696 $-698,906
2021 $2,461,790 $4,200,561 $1,007,939 $-1,738,771
2020 $2,098,732 $4,387,515 $1,776,102 $-2,288,783
2019 $1,343,679 $3,076,113 $535,923 $-1,732,434
2018 $154,406 $263,514 $141,642 $-109,108
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