Memorial Medical Care Pc

Nonprofit profile at a glance

EIN
352491455
IRS 990 coverage
2022–2024
Forms available
Form 990 2024, Form 990-EZ 2020, Form 990-T 2024, Form 990-N 2015
Location
New York, NY, USA
Phone
6462273092
Rating
62
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Home Health Care

Reported finances

Revenue
$204,164
Expenses
$3,601,411
Assets
$21,420,992
Liabilities
$28,327,588

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

2 people listed

Executive titles in this filing

  • LISA DEANGELIS MD (PRESIDENT)

Highest reported compensation

  • JEFFREY DREBIN MD (TREASURER): $3,111,344 total reported compensation
  • LISA DEANGELIS MD (PRESIDENT): $2,297,875 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Memorial Medical Care P.C. ("MMC") is a professional corporation organized in New York and engaged in the practice of medicine. As of October 11, 2023, MMC operates a physician practice at 2236 Nostrand Avenue, Brooklyn, NY 11210. The physician practice provides oncology services, primarily pre- and post-surgical consultations and bone marrow transplant assessments and related follow-up appointments, to patients from the Flatbush neighborhood and greater Brooklyn with the following cancers: blood, breast, gastrointestinal, gynecologic, head/neck, thoracic, and urologic.

What it reported doing in 2024

The organization operates a physician practice in Brooklyn, NY, which provides oncology services, primarily pre- and post-surgical consultations and bone marrow transplant assessments and related follow-up appointments, to patients from the Flatbush neighborhood and greater Brooklyn with the following cancers: blood, breast, gastrointestinal, gynecologic, head/neck, thoracic, and urologic. DURING 2023, THE ORGANIZATION TREATED 17 HOMEBOUND BMT PATIENTS AND REFERRED PATIENTS TO MEMORIAL HOSPITAL FOR TREATMENT.

Operating model

Revenue model
Other-operating. 100% of the money available for current operations came from other operating revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and program spending has grown recently. A relatively small share of voting board members are independent and few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.

Rating breakdown

  • Financial Efficiency: 89
  • Transparency & Controls: 55
  • Accountability: 18
  • Sustainability: 28
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 100%; rating input score 100
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 92.3%; rating input score 92; 22nd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Scored; rating input score 0

Accountability

  • Independent voting board: 0%; rating input score 0; 7th percentile among comparable filings
  • Governance controls: 4 of 9 controls in place; rating input score 44
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -1,664%; rating input score 0; 0th percentile among comparable filings
  • Total-asset coverage ratio: 5.95; rating input score 82; 82nd percentile among comparable filings
  • Liabilities to assets ratio: 1.32; rating input score 3; 3rd percentile among comparable filings
  • Officer compensation ratio: 4.6%; rating input score 33; 33rd percentile among comparable filings

Growth

  • Program expense growth: 65.4% per year; rating input score 100; 97th percentile among comparable filings
  • Revenue growth: 29.8% per year; rating input score 100; 93rd percentile among comparable filings
  • Asset growth: 42.9% per year; rating input score 100; 95th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 100% of spending went to programs
  • Governance: 0 of 2 board members independent · 4 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $3.6M in reported program spending
  • Leadership: top reported pay $3.1M · 2 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 20 of 20 current checks pass
  • Schedules: 5 filed schedules · includes executive pay and related organizations
  • Filing history: 3 filing years from 2022 to 2024
  • Contacts: How to reach this organization
  • Related organizations: 34 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Accountability: Independent voting board scored 0/100.
  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • Moderate — Accountability: Governance controls: 5 of 9 not reported.
  • High — Sustainability: Operating margin scored 0/100.
  • High — Transparency & Controls: Related-party transparency scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 3/100.
  • Moderate — Sustainability: Officer compensation ratio scored 33/100.