MOUNT CARMEL HEALTH PLAN OF NEW YORK INC

EIN: 833278543

COLUMBUS, OH

Total Revenue
$4,147,541
Total Expenses
$3,145,851
Total Assets
$27,530,233
Net Assets
$26,258,540
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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
2019
Legal Domicile
NY
Principal Officer
JACK RANDOLPH
Phone
6145464000
Tax Period
2024-01-01 to 2024-12-31

MOUNT CARMEL HEALTH PLAN OF NEW YORK INC, founded in 2019, is a community nonprofit that reported $4.1M in total revenue in fiscal year 2024. Revenue surged 48% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.0M, a strong 24% operating margin.

Mission

TO OPERATE A MEDICARE HMO FOR SENIORS

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $3,145,559
Investment Income $1,001,982
Other Revenue $0
TOTAL REVENUE $4,147,541

Expense Breakdown

Grants Paid $0
Salaries & Benefits $329,568
Fundraising Expenses $0
Program Expenses $2,498,645
Other Expenses $2,816,283
TOTAL EXPENSES $3,145,851

Year-over-Year Comparison

2024 2023 Change
Revenue $4,147,541 $2,804,082 +0.5%
Expenses $3,145,851 $2,506,029 +0.3%
Net Income $1,001,690 $298,053 +2.4%
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
3
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
$2,657,449
Total Directors
3
$2,142,585
Key Employees
2
$854,500
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JACK RANDOLPH DIRECTOR; CHAIR; PRESIDENT & CEO 2.00
Officer Director
$0 $198,404 $1,121,281
ANDY PRIDAY MOUNT CARMEL CFO 2.00
Officer
$0 $35,089 $584,670
MARK MURPHY DIR;VP & CHIEF STRAT OFFICER, NY REG 2.00
Director
$0 $63,416 $577,276
GREG WISE MD MEDICAL DIRECTOR MCHP 2.00
Key Emp
$0 $32,473 $466,792
DAVID VIS DIR; SEC;TREAS;VP FINANCE OPERATIONS 2.00
Officer Director
$0 $44,341 $444,028
CARLOS ALVARADO CHIEF ADMINISTRATIVE OFFICER MCHP 2.00
Key Emp
$0 $54,963 $387,708
TRISHA WHETSTONE ASST SECRETARY; MCHS ASSOC COUNSEL 2.00
Officer
$0 $44,947 $264,412
FATOU NDOYE ASST TREASURER; MCHP CONTROLLER 2.00
Officer
$0 $49,873 $243,058
GINO LOGIUDICE SALES MANAGER 40.00
Highest
$0 $40,676 $188,365
CHRIS BRINO MARKET MANAGER 40.00
Highest
$0 $3,581 $136,870
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 $4,147,541 $3,145,851 $27,530,233 $1,001,690
2023 $2,804,082 $2,506,029 $26,180,291 $298,053
2022 $2,848,324 $2,769,650 $24,800,697 $78,674
2021 $31,278 $1,550 $27,028,993 $29,728
2020 $338,910 $1,470 $22,127,078 $337,440
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