VPS MEDICAL SERVICES PC

EIN: 843608112 501(c)(3) Health Care

NEPTUNE, NJ

Total Revenue
$10,046,449
Total Expenses
$11,274,765
Total Assets
$4,758,728
Net Assets
$-3,074,770
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
NJ
Principal Officer
CHRISTOPHER RINN CEO
Phone
7325711000
Tax Period
2023-01-01 to 2023-12-31

VPS MEDICAL SERVICES PC, founded in 2019, is a mid-sized nonprofit in the Health Care sector that reported $10.0M in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $11.3M exceeded revenue, resulting in a 12% operating deficit.

Mission

THE ORGANIZATION IS ENGAGED IN THE BUSINESS OF RENDERING PROFESSIONAL SERVICES TO THE PUBLIC EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL, AND SCIENTIFIC PURPOSES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $181,790
Program Service Revenue $9,864,659
Investment Income $0
Other Revenue $0
TOTAL REVENUE $10,046,449

Expense Breakdown

Grants Paid $0
Salaries & Benefits $5,912,621
Fundraising Expenses $0
Program Expenses $10,153,200
Other Expenses $5,362,144
TOTAL EXPENSES $11,274,765

Year-over-Year Comparison

2023 2022 Change
Revenue $10,046,449 $8,261,406 +0.2%
Expenses $11,274,765 $10,139,657 +0.1%
Net Income $-1,228,316 $-1,878,251 -0.3%
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
6
Independent Members
N/A
Employees
43
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
2
$280,067
Total Directors
6
$280,067
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SARA B LEONARD MD MEDICAL DIRECTOR - VPS 55.0
Highest
$278,712 $21,517 $300,229
Alex Binder Vice Chairman 5.0
Officer Director
$0 $18,552 $280,067
YEVGENIY D VAYSBERG MD PHYSICIAN, MD - VPS 55.0
Highest
$239,630 $33,401 $273,031
VIKRANTA SHARMA MD MED DIR HOS/PALL CARE PRO 55.0
Highest
$254,485 $10,976 $265,461
DEBORAH L BESSEN MD PHYSICIAN, MD - VPS 55.0
Highest
$185,614 $9,631 $195,245
KATHRYN E CORBET NURSE PRACTITIONER 55.0
Highest
$186,970 $7,641 $194,611
ROBERT MUNIZ CHAIRMAN 5.0
Officer Director
$0 $0 $0
ELI FELDMAN MBA TRUSTEE 2.0
Director
$0 $0 $0
PETER GAYLORD MBA TRUSTEE 2.0
Director
$0 $0 $0
CLIFFORD HOLLAND TRUSTEE 2.0
Director
$0 $0 $0
DONNA SILBERT TRUSTEE 2.0
Director
$0 $0 $0
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 No data No data No data No data
2023 $10,046,449 $11,274,765 $4,758,728 $-1,228,316
2021 $8,801,561 $8,581,786 $1,116,275 $219,775
2020 $8,122,931 $7,755,750 $3,536,473 $367,181
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