Garnet Health Urgent Care PC (EIN 824251331) - 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

2018

Legal Domicile

Phone

8453337271

Tax Period

2024-01-01 to 2024-12-31

Garnet Health Urgent Care PC, founded in 2018, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $8.3M in total revenue in fiscal year 2024. Expenses of $9.3M exceeded revenue, resulting in a 11% operating deficit.

Mission

OUR MISSION IS TO IMPROVE THE HEALTH OF OUR COMMUNITY THROUGH DELIVERY OF URGENT CARE SERVICES TO PATIENTS IN THE HUDSON VALLEY OF NEW YORK.

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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 $4,844

Program Service Revenue $8,324,921

Investment Income $0

Other Revenue $2,063

TOTAL REVENUE $8,331,828

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,116,306

Fundraising Expenses $0

Program Expenses $9,016,739

Other Expenses $4,154,166

TOTAL EXPENSES $9,270,472

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,331,828	$8,374,291	0.0%
Expenses	$9,270,472	$8,901,474	+0.0%
Net Income	$-938,644	$-527,183	+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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

N/A

Employees

N/A

Volunteers

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

$2,205,610

Total Directors

$1,463,014

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GERARD J GALARNEAU MD	DIRECTOR, SECRETARY, TREASURER	10.0	Officer Director	$0	$51,683	$715,777
IZABELA NOWOSIELSKI	DIRECTOR, PRESIDENT & CHIEF MEDICAL OFFICER OF GHD AND GHUC	10.0	Officer Director	$0	$51,508	$747,237
JAMES GRIGG	CHIEF FINANCIAL OFFICER	5.0	Officer	$0	$28,723	$742,596

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	$8,331,828	$9,270,472	$1,677,691	$-938,644
2023	$8,374,291	$8,901,474	$1,070,015	$-527,183
2022	$7,296,902	$7,673,874	$1,857,700	$-376,972
2021	$6,635,976	$6,635,976	$2,667,409	No data
2020	$4,152,718	$4,152,718	$2,155,397	No data
2019	$4,453,487	$4,453,487	$1,533,801	No data

Garnet Health Urgent Care PC