East 98th Street Community Service… - Form 990 Financial Data

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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

Phone

6466054002

Tax Period

2023-01-01 to 2023-12-31

East 98th Street Community Services Inc, founded in 2017, is a community nonprofit in the Health Care sector that reported $1.9M in total revenue in fiscal year 2023. Expenses of $2.6M exceeded revenue, resulting in a 41% operating deficit.

Mission

The mission statement for the 5 East 98th Street, LLC Ambulatory Surgery Center (ASC) emphasizes providing high-quality ambulatory surgical care that meets the specific needs of each patient. The center is committed to: (1) Maintaining a safe and efficient environment with skilled staff and quality equipment. (2) Serving the local community, including those who are uninsured or unable to pay. (3) Promoting accessibility for all, especially underserved populations, by offering culturally sensitive and affordable care. (4) Encouraging feedback to improve service and accessibility.

Program Service Accomplishments

Program 1

Expenses: $2,620,367 Revenue: $0

The ASC provides high-quality outpatient surgical care across multiple specialties including general surgery, plastic and reconstructive surgery, otolaryngology, colorectal surgery, gynecology, and pediatric surgery. The center offers a safe, efficient, and patient-centered environment where skilled physicians, nurses, and support staff deliver same-day surgical services to improve health outcomes. In 2023, the ASC served over 750 patients, providing accessible care that minimizes the need for hospital-based surgeries. The ASC received Medicaid approval in the third quarter of 2023 and has since begun enrollment with managed Medicaid plans. This will allow the center to expand access to essential surgical services for Medicaid patients beginning in 2024, supporting our mission to improve healthcare accessibility for underserved populations.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,853,214

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,853,214

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,706,550

Fundraising Expenses $0

Program Expenses $2,620,367

Other Expenses $913,817

TOTAL EXPENSES $2,620,367

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,853,214	N/A	N/A
Expenses	$2,620,367	N/A	N/A
Net Income	$-767,153	$0	N/A

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

$5,968,080

Total Directors