NORTH EAST MEDICAL SERVICES (EIN 941722562) - Form 990 Financial Analysis & Trantor Score

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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

1971

Legal Domicile

Principal Officer

EDDIE W CHAN

Phone

4153919686

Tax Period

2023-01-01 to 2023-12-31

NORTH EAST MEDICAL SERVICES, founded in 1971, is a major nonprofit in the Health Care sector that reported $327.0M in total revenue in fiscal year 2023. Revenue surged 35% from the prior year, signaling strong growth momentum. Expenses of $305.5M left a modest 7% surplus.

Mission

NORTH EAST MEDICAL SERVICES (NEMS) IS A FAMILY-ORIENTED, COMPREHENSIVE HEALTH CENTER WHICH OFFERS A WIDE RANGE OF HEALTH SERVICES TO A PREDOMINANTLY ASIAN AMERICAN POPULATION.

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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 $14,801,605

Program Service Revenue $301,832,191

Investment Income $619,833

Other Revenue $9,766,246

TOTAL REVENUE $327,019,875

Expense Breakdown

Grants Paid $0

Salaries & Benefits $133,931,476

Fundraising Expenses $0

Program Expenses $230,756,154

Other Expenses $171,608,936

TOTAL EXPENSES $305,540,412

Year-over-Year Comparison

	2023	2022	Change
Revenue	$327,019,875	$242,664,619	+0.3%
Expenses	$305,540,412	$183,728,765	+0.7%
Net Income	$21,479,463	$58,935,854	-0.6%

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

Governance

Voting Members

Independent Members

Employees

1044

Volunteers

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

$1,567,868

Total Directors

Key Employees

$3,817,783

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANNE D BRANDON JD	CHAIR	1.00	Officer Director	$0	$0	$0
NANCY HUANG PHARM D	VICE-CHAIR	1.00	Officer Director	$0	$0	$0
MIKE CHI	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
SUZANNE S CHEUNG	BOARD MEMBER	1.00	Director	$0	$0	$0
EUNICE HENDARY	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN JIN LEE JD	BOARD MEMBER	1.00	Director	$0	$0	$0
ALAN KHOO	BOARD MEMBER	1.00	Director	$0	$0	$0
CINDY W LAW	BOARD MEMBER	1.00	Director	$0	$0	$0
JEANY TAY MD	BOARD MEMBER	1.00	Director	$0	$0	$0
EDWIN S WANG	BOARD MEMBER	1.00	Director	$0	$0	$0
ALBERT Y YUE	BOARD MEMBER	1.00	Director	$0	$0	$0
EDDIE W CHAN	PRESIDENT & CEO	40.00	Officer	$855,221	$27,617	$882,838
JOHNSON WONG	VICE PRESIDENT, CHIEF FINANCIAL OFFICER	40.00	Officer	$530,555	$154,475	$685,030
KENNETH B TAI	VICE PRESIDENT, CHIEF HEALTH OFFICER	40.00	Key Emp	$649,201	$59,403	$708,604
JERRY Y JEW	VICE PRESIDENT, CHIEF STRATEGY OFFICER	40.00	Key Emp	$520,952	$77,567	$598,519
DIANA KAWASAKI-YEE	VICE PRESIDENT, CHIEF BUSINESS DEVELOPMENT OFFICER	40.00	Key Emp	$354,832	$41,943	$396,775
PAUL E FOX	CHIEF ADMINISTRATIVE OFFICER	40.00	Key Emp	$381,215	$74,425	$455,640
RACHEL KOH	CHIEF OPERATING OFFICER	40.00	Key Emp	$496,264	$57,637	$553,901
MURALIMOHAN ATHURULRI	CHIEF INFORMATION OFFICER	40.00	Key Emp	$440,008	$77,978	$517,986
DAI LIN TANG	CHIEF MANAGED CARE OFFICER	40.00	Key Emp	$507,499	$78,859	$586,358
JUSTIN POY QUOCK	MEDICAL ONCOLOGY AND MULTI-SPECIALTY MEDICAL	40.00	Highest	$525,857	$55,424	$581,281
JAMES FREDERIC LEE	MEDICAL DIRECTOR	40.00	Highest	$412,861	$27,357	$440,218
HELEN M WONG	MEDICAL DIRECTOR	40.00	Highest	$436,465	$50,065	$486,530
WAI-HANG JACKIE LAM	MEDICAL DIRECTOR	40.00	Highest	$459,765	$27,824	$487,589
KATRINA ROSE LIU	MSO MEDICAL DIRECTOR	40.00	Highest	$447,003	$47,999	$495,002

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	$327,019,875	$305,540,412	$445,546,687	$21,479,463
2022	$242,664,619	$183,728,765	$416,860,860	$58,935,854
2021	$213,554,960	$156,130,457	$369,488,279	$57,424,503
2020	$167,783,663	$134,142,862	$311,978,932	$33,640,801
2019	$154,389,037	$136,192,689	$266,976,430	$18,196,348
2019	$154,389,037	$136,192,689	$266,976,430	$18,196,348
2018	$140,444,416	$118,434,006	$245,981,427	$22,010,410

NORTH EAST MEDICAL SERVICES