Brightwaters Gynecology PC

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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

2017

Legal Domicile

Principal Officer

MICHAEL J DOWLING

Phone

5163216058

Tax Period

2024-01-01 to 2024-12-31

Brightwaters Gynecology PC, founded in 2017, is a community nonprofit in the Health Care sector that reported $5.2M in total revenue in fiscal year 2024.

Mission

BRIGHTWATERS GYNECOLOGY, PC IS PART OF NORTHWELL HEALTH, INC. ("NORTHWELL"), WHICH STRIVES TO IMPROVE THE HEALTH OF THE COMMUNITIES IT SERVES AND IS COMMITTED TO PROVIDING THE HIGHEST QUALITY CLINICAL CARE; EDUCATING THE CURRENT AND FUTURE GENERATIONS OF HEALTHCARE PROFESSIONALS; SEARCHING FOR NEW ADVANCES IN MEDICINE THROUGH THE CONDUCT OF BIOMEDICAL RESEARCH; PROMOTING HEALTH EDUCATION; AND CARING FOR THE ENTIRE COMMUNITY REGARDLESS OF THE ABILITY TO PAY.

Program Service Accomplishments

Program 1

Expenses: $4,650,238 Revenue: $1,086,926

Brightwaters Gynecology, PC is an affiliated member of Northwell Health, Inc. ("Northwell") and part of Northwell's medical group and ambulatory lines of service. It strives to make a measurable...

Brightwaters Gynecology, PC is an affiliated member of Northwell Health, Inc. ("Northwell") and part of Northwell's medical group and ambulatory lines of service. It strives to make a measurable difference in the health status of the communities it serves by providing comprehensive health care regardless of ability to pay.

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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 $1,086,926

Investment Income $0

Other Revenue $4,128,327

TOTAL REVENUE $5,215,253

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $4,650,238

Other Expenses $5,215,253

TOTAL EXPENSES $5,215,253

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,215,253	$4,855,891	+0.1%
Expenses	$5,215,253	$4,855,973	+0.1%
Net Income	$0	$-82	-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

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

$12,754,771

Total Directors

$1,289,087

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
MICHAEL DOWLING	CEO	Officer	$0	$75,656	$5,943,362
MICHELE CUSACK	CFO	Officer	$0	$85,322	$1,990,193
DEBORAH SCHIFF	EVP	Officer	$0	$69,777	$1,854,668
LAURENCE KRAEMER	Asst Sec, EVP & Gen Counsel	Officer	$0	$69,777	$1,677,461
MICHAEL NIMAROFF	President, Secretary & Treasur	Officer Director	$0	$78,176	$1,289,087

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	$5,215,253	$5,215,253	$351,474	No data
2023	$4,855,891	$4,855,973	$96,233	$-82
2022	$3,785,473	$3,785,473	$96,233	No data
2021	$1,009,357	$3,409,548	$96,233	$-2,400,191
2020	$2,323,343	$3,371,760	$96,233	$-1,048,417
2019	$360,121	$1,315,691	No data	$-955,570
2018	No data	No data	No data	No data