ONE BROOKLYN HEALTH SYSTEM INC

EIN: 815323275 501(c)(3) Health Care

BROOKLYN, NY

Total Revenue
$112,735,553
Total Expenses
$5,252
Total Assets
$208,979,332
Net Assets
$134,909,845
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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
DR SANDRA SCOTT
Phone
7182405000
Tax Period
2023-01-01 to 2023-12-31

ONE BROOKLYN HEALTH SYSTEM INC, founded in 2016, is a major nonprofit in the Health Care sector that reported $112.7M in total revenue in fiscal year 2023. Revenue surged 14972% from the prior year, signaling strong growth momentum. The organization ran a surplus of $112.7M, a strong 100% operating margin.

Mission

ONE BROOKLYN HEALTH SYSTEM, INC. (THE SYSTEM), WAS FORMED IN OCTOBER 2016, AS A CHARITABLE CORPORATION ORGANIZED UNDER THE NOT-FOR-PROFIT CORPORATION LAW OF THE STATE OF NEW YORK. AMONG ITS PURPOSES, THE SYSTEM WAS FORMED TO FOSTER AND PROMOTE WELLNESS AND GENERAL HEALTH OF THE PEOPLE OF BROOKLYN, NEW YORK BY SUPPORTING AND FACILTATING THE INTEGRATION AND COODINATION OF CARE THROUGH PROMOTING AND ADVANCING RELATIONSHIPS BETWEEN HEALTHCARE INSTITUTIONS AND HEALTHCARE PROVIDERS IN BROOKLYN AND THE COMMUNITIES THEY SERVE.

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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 $112,735,553
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $112,735,553

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $5,252
TOTAL EXPENSES $5,252

Year-over-Year Comparison

2023 2022 Change
Revenue $112,735,553 $747,983 +149.7%
Expenses $5,252 $5,944 -0.1%
Net Income $112,730,301 $742,039 +150.9%
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
18
Independent Members
18
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
5
$2,829,912
Total Directors
18
$0
Key Employees
1
$708,028
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALEX ROVT CHAIRPERSON 0.05
Officer Director
$0 $0 $0
ANTHONY CLEMENZA SR TRUSTEE 0.05
Director
$0 $0 $0
BISHOP R C HUGH NELSON TRUSTEE 0.05
Director
$0 $0 $0
DR JOSEPH CUIFFO TRUSTEE 0.05
Director
$0 $0 $0
EDNA WELLS-HANDY TRUSTEE 0.05
Director
$0 $0 $0
HENNA WHITE SECRETARY/TREASURER 0.05
Director
$0 $0 $0
HOPE MASON TRUSTEE 0.05
Director
$0 $0 $0
MARK SHELTON TRUSTEE 0.05
Director
$0 $0 $0
MAURICE A REID TRUSTEE 0.05
Director
$0 $0 $0
MICHAEL IRWIN TRUSTEE 0.05
Director
$0 $0 $0
MICHAEL L NAIRNE TRUSTEE 0.05
Director
$0 $0 $0
MICHAEL SCAGNELLI TRUSTEE 0.05
Director
$0 $0 $0
NUSIN SHTERN TRUSTEE 0.05
Director
$0 $0 $0
RABBI ARYEH KATZIN TRUSTEE 0.05
Director
$0 $0 $0
REV WATERMAN VICE-CHAIRPERSON 0.05
Director
$0 $0 $0
RICHARD E GREEN TRUSTEE 0.05
Director
$0 $0 $0
VICTOR AYALA TRUSTEE 0.05
Director
$0 $0 $0
DR SOFIA NOVAK TRUSTEE FROM 05/19/23 0.05
Director
$0 $0 $0
LARAY BROWN CEO OBHS & PRESIDENT & CEO - 12/31/23 0.05
Officer
$0 $14,600 $1,259,778
MICHELLE FIGUEROA CFO - STARTED 7/10/23 0.05
Officer
$0 $1,154 $301,376
JOHN SCHMITT INTERIM CFO - THROUGH 7/10/23 0.05
Officer
$0 $63,512 $769,511
REGINALD BULLOCK GENERAL COUNSEL - ASSISTANT SECRETARY 0.05
Officer
$0 $71,344 $499,247
DR SANDRA SCOTT EXE. DIR.-OBH & INTERIM CEO FROM 1/1/24 0.05
Key Emp
$0 $67,954 $708,028
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 $112,735,553 $5,252 $208,979,332 $112,730,301
2022 $747,983 $5,944 $145,024,108 $742,039
2022 $747,983 $5,944 $145,024,108 $742,039
2021 $1,084,030 $117,068 $102,843,624 $966,962
2020 $18,135,256 $9,780 $62,385,965 $18,125,476
2019 $7,586,624 $113,341 $21,767,497 $7,473,283
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