NEW YORK, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)ADVANCIUM HEALTH NETWORK, founded in 2021, is a mid-sized nonprofit in the Medical Research sector that reported $17.0M in total revenue in fiscal year 2023. Revenue surged 395% from the prior year, signaling strong growth momentum. The organization ran a surplus of $11.7M, a strong 69% operating margin.
ADVANCIUM HEALTH NETWORK IS A MISSION-DRIVEN CHARITABLE ORGANIZATION COMMITTED TO ELIMINATING BARRIERS IN HEALTHCARE THROUGH A UNIQUE MODEL THAT COMBINES THE EXPERTISE OF FOR-PROFIT LEADERSHIP WITH NON-PROFIT MOTIVATIONS. THROUGH THE SUPPORT OF OUR PARTNERS, INDUSTRY EXPERTS, AND CHARITABLE DONORS, WE'RE TACKLING HEALTHCARE'S MOST CHALLENGING GAPS AND UNMET NEEDS ACROSS THE INDUSTRY - FROM EARLY-STAGE INNOVATION, TO PEDIATRICS AND RARE DISEASE. ADVANCIUM HEALTH NETWORK IS COMMITTED TO A POSITIVE IMPACT ON HUMAN HEALTH.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $16,967,337 | $3,430,074 | +3.9% |
| Expenses | $5,300,994 | $3,086,977 | +0.7% |
| Net Income | $11,666,343 | $343,097 | +33.0% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| MARK VEICH | PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| JEFFREY KAPLAN | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| OLIVIER ELEMENTO | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| LAURIE ZEPHYRIN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MICHELE CLEARY | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| RON MITCHELL | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| SHAWN DAVIS | SVP & COO | 40.00 |
Officer
|
$584,175 | $26,545 | $610,720 |
| CONSTANCE WILLIAMS | DIRECTOR, CIL (UNTIL 7/23) | 40.00 |
Highest
|
$243,309 | $14,666 | $257,975 |
| EMMA MORAN EVANS | DIRECTOR, COBICURE MEDTECH | 40.00 |
Highest
|
$197,394 | $15,939 | $213,333 |
| JYOTI PATEL | DIRECTOR, BUSINESS OPERATIONS & MARKETING | 40.00 |
Highest
|
$171,341 | $14,282 | $185,623 |
| LINDSEY REYNOLDS | DIRECTOR, FINANCE | 40.00 |
Highest
|
$103,631 | $9,769 | $113,400 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $16,967,337 | $5,300,994 | $17,991,568 | $11,666,343 |
| 2022 | $3,430,074 | $3,086,977 | $417,585 | $343,097 |
Compare ADVANCIUM HEALTH NETWORK with other nonprofits in New York and across the country.