TOURO UNIVERSITY MEDICAL GROUP

EIN: 843416009 501(c)(3) Health Care

NEW YORK, NY

Total Revenue
$9,594,562
Total Expenses
$6,206,459
Total Assets
$4,354,688
Net Assets
$2,672,206
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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
CA
Principal Officer
ALAN KADISH
Phone
6465656000
Tax Period
2022-07-01 to 2023-06-30

TOURO UNIVERSITY MEDICAL GROUP, founded in 2019, is a community nonprofit in the Health Care sector that reported $9.6M in total revenue in fiscal year 2022. Revenue surged 88% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.4M, a strong 35% operating margin.

Mission

OPERATE A MEDICAL CLINIC THAT PROVIDES MEDICAL SERVICES, EDUCATIONAL AND RESEARCH FUNCTIONS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $8,041,579
Program Service Revenue $1,552,983
Investment Income $0
Other Revenue $0
TOTAL REVENUE $9,594,562

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,706,794
Fundraising Expenses $0
Program Expenses $2,968,014
Other Expenses $4,499,665
TOTAL EXPENSES $6,206,459

Year-over-Year Comparison

2022 2021 Change
Revenue $9,594,562 $5,103,837 +0.9%
Expenses $6,206,459 $5,706,632 +0.1%
Net Income $3,388,103 $-602,795 -6.6%
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
8
Independent Members
2
Employees
17
Volunteers
2

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
7
$2,938,713
Total Directors
7
$2,575,688
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALAN KADISH PRESIDENT, DIRECTOR 0.10
Officer Director
$0 $268,885 $1,313,006
MELVIN NESS DIRECTOR 0.10
Director
$0 $16,540 $433,658
RICHARD B RIEMER VICE PRESIDENT, DIRECTOR 5.00
Officer Director
$0 $27,222 $363,337
JAY H SHUBROOK DIRECTOR 1.00
Director
$0 $43,309 $304,326
HOWARD FEINBERG VICE PRESIDENT, DIRECTOR (END 09/22) 0.10
Officer Director
$0 $13,440 $161,361
WILLIAM HENNING DIRECTOR 0.10
Director
$0 $0 $0
ELIZABETH GIBBONEY DIRECTOR (END 07/22) 0.10
Director
$0 $0 $0
MICHAEL NEWMAN SECRETARY 0.10
Officer
$0 $38,130 $366,621
CRAIG SEIDEN TREASURER 17.50
Officer
$0 $26,124 $318,556
RICHARD BRAUNSTEIN ASSISTANT SECRETARY (END 07/22) 0.10
Officer
$0 $9,961 $197,555
ZACHARY SHAPIRO ASSISTANT SECRETARY (BEG 07/22) 0.10
Officer
$0 $50,762 $218,277
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
2025 No data No data No data No data
2024 No data No data No data No data
2023 $9,594,562 $6,206,459 $4,354,688 $3,388,103
2022 $5,103,837 $5,706,632 $1,264,358 $-602,795
2021 $2,285,654 $2,734,355 $997,785 $-448,701
2020 $335,189 $325,819 $653,961 $9,370
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