North Shore Health System Medical … - 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

1997

Legal Domicile

Principal Officer

MICHAEL DOWLING

Phone

5163216058

Tax Period

2023-01-01 to 2023-12-31

North Shore Health System Medical Faculty Group Practice, founded in 1997, is a mid-sized nonprofit in the Health Care sector that reported $26.2M in total revenue in fiscal year 2023. Revenue surged 39% from the prior year, signaling strong growth momentum.

Mission

NORTH SHORE HEALTH SYSTEM MEDICAL FACULTY GROUP PRACTICE (THE CORPORATION) FUNCTIONS AS AN EXTENSION OF THE NORTHWELL HEALTH HOSPITALS BY BRINGING MEDICAL CARE TO COMMUNITY SETTINGS, PROVIDING CARE TO MEDICARE, MEDICAID, AND OTHER PATIENTS; AND APPLYING THE HOSPITAL'S GOLD STANDARD FINANCIAL ASSISTANCE POLICY TO THOSE WHO NEED ASSISTANCE.

Program Service Accomplishments

Program 1

Expenses: $26,223,039 Revenue: $26,223,039

NORTH SHORE HEALTH SYSTEM MEDICAL FACULTY GROUP PRACTICE IS AN AFFILIATED MEMBER OF NORTHWELL HEALTH AND ACTS AS A BILLING CONDUIT FOR AFFILIATED MEMBERS OF NORTHWELL'S MEDICAL GROUP SO THAT THESE...

NORTH SHORE HEALTH SYSTEM MEDICAL FACULTY GROUP PRACTICE IS AN AFFILIATED MEMBER OF NORTHWELL HEALTH AND ACTS AS A BILLING CONDUIT FOR AFFILIATED MEMBERS OF NORTHWELL'S MEDICAL GROUP SO THAT THESE AFFILIATES CAN PROVIDE COMPREHENSIVE HEALTH CARE TO THE COMMUNITIES THEY SERVE REGARDLESS OF ABILITY TO PAY. IN 2023, NSHS MEDICAL FACULTY GROUP PRACTICE COLLECTED AND DISTRIBUTED $26,223,039 ON BEHALF OF NORTHWELL HEALTH AFFILIATES.

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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 $26,223,039

Investment Income $0

Other Revenue $0

TOTAL REVENUE $26,223,039

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $26,223,039

Other Expenses $26,223,039

TOTAL EXPENSES $26,223,039

Year-over-Year Comparison

	2023	2022	Change
Revenue	$26,223,039	$18,854,783	+0.4%
Expenses	$26,223,039	$18,854,783	+0.4%
Net Income	$0	$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

$17,171,676

Total Directors

$3,618,418

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
MICHAEL DOWLING	CEO	Officer	$0	$70,612	$9,042,544
DAVID BATTINELLI	President & Secretary	Officer Director	$0	$78,569	$1,814,841
LAWRENCE SMITH	VP	Officer Director	$0	$57,990	$1,803,577
MICHELE CUSACK	CFO	Officer	$0	$78,507	$1,696,458
DEBORAH SCHIFF	EVP	Officer	$0	$64,679	$1,441,503
LAURENCE KRAEMER	Asst Sec, EVP & Gen Counsel	Officer	$0	$69,888	$1,372,753

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	$26,223,039	$26,223,039	No data	No data
2022	$18,854,783	$18,854,783	No data	No data

North Shore Health System Medical Faculty Group Practice