Phelps Medical Services PC
88% goes to programs Thin reserves Growing revenue
Phelps Medical Services PC is a 501(c)(3) organization based in Sleepy Hollow, New York, registered in 2014, with $114,840,768 in FY2024 revenue. CharityIndex grades it C+, and it directs about 88% of spending to programs.
701 N Broadway, Sleepy Hollow, NY, 10591 EIN 27-4416017 Since 2014
Revenue (FY2024)
$114.8M
▲ 22.4% vs prior year
Health median: $840K
Expenses (FY2024)
$114.8M
Net assets
-$19.5M
Employees
488
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
C+Program efficiency40% of the rating88% to programs
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Phelps Medical Services PC: 88% to programs earns a C+ on this criterion. See the exact thresholds →
DFinancial health25% of the rating0 mo reserves · +0% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Phelps Medical Services PC: 0 mo reserves · +0% margin earns a D on this criterion. See the exact thresholds →
BGovernance25% of the rating4 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Phelps Medical Services PC: 4 of 6 checks met earns a B on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Phelps Medical Services PC: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
A tax exempt corporation organized for the sole purpose of supporting the charitable purposes of phelps memorial hospital association,by engaging in the practice of medicine.
Contact & location
- Address
- 701 N Broadway, Sleepy Hollow, NY, 10591
- City
- Sleepy Hollow
- State
- New York
- Category
- Health Care
- Subcategory
- Clinics & Primary Care
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $2.5M (FY2013) to $114.8M (FY2024) across 11 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $37.7MNet assets -$19.5M
Operating margin
0.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$18.2M
Total liabilities
$37.7M
Net assets
-$19.5M
Salaries & benefits
$93.6M
82% of expenses
Board members
1
0 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $114,840,768▲22.4% | $114,840,768▲7.3% | -$19,520,168 | $18,174,290▲13.1% | 990 |
| 2023 | $93,825,848▲9.6% | $107,055,897▲14.0% | -$19,523,344▼210% | $16,066,031▲13.7% | 990 |
| 2022 | $85,628,153▲75.2% | $93,877,250▲87.4% | -$6,300,132▼443% | $14,127,679▲50.2% | 990 |
| 2021 | $48,861,957▲14.6% | $50,082,597▲7.9% | $1,836,594▲24.5% | $9,407,436▲10.0% | 990 |
| 2020 | $42,631,141 | $46,398,367▲5.6% | $1,475,200▲108% | $8,548,807▼3.5% | 990 |
| 2019 | $42,630,342▲110% | $43,934,548▲20.4% | -$17,455,784▼8.1% | $8,856,303▲78.4% | 990 |
| 2018 | $20,347,692▲9.8% | $36,498,405▲10.7% | -$16,151,578▼1867134% | $4,964,101▼22.1% | 990 |
| 2017 | $18,533,849▼22.2% | $32,971,228▲38.5% | -$865▼105% | $6,371,147▲165% | 990 |
| 2015 | $23,827,294▲123% | $23,811,293▲36.6% | $16,001 | $2,400,235▲54.2% | 990 |
| 2014 | $10,672,616▲332% | $17,430,903▲303% | $0▲100% | $1,556,711▲133% | 990 |
| 2013 | $2,467,837 | $4,324,595 | -$3,629,450 | $668,579 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: David Gordon Md — $1,783,816 (1.55% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| David Gordon Md | Neurosurgeon | 50 | $1,783,816 |
| Michael Grasso Md | Urologist | 50 | $1,293,536 |
| Yili Huang Do | Pain Medicine | 50 | $909,642 |
| Floyd Byfield Md | Gastroenterologist | 50 | $884,613 |
| Parul Shukla Md | Colorectal Surgeon | 50 | $871,665 |
| Robbins Gottlock | President | 0 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Jackson and Coker Holdings LLC | Medical Services | $320,734 |
| Blue Moon | Cleaning Services | $190,967 |
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Frequently asked questions
- Is Phelps Medical Services PC a legitimate nonprofit?
- Yes. Phelps Medical Services PC is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 27-4416017, based in Sleepy Hollow, New York. Donations are tax-deductible.
- What is Phelps Medical Services PC's EIN?
- Phelps Medical Services PC's Employer Identification Number (EIN) is 27-4416017.
- How much revenue does Phelps Medical Services PC report?
- Phelps Medical Services PC reported $114,840,768 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Phelps Medical Services PC's spending goes to programs?
- Phelps Medical Services PC spends about 88% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Phelps Medical Services PC have?
- CharityIndex grades Phelps Medical Services PC C+, based on program efficiency and fundraising cost.
- How much does Phelps Medical Services PC's highest-paid employee make?
- The highest reported compensation on Phelps Medical Services PC's latest Form 990 is $1,783,816, paid to David Gordon Md (Neurosurgeon).
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Data for Phelps Medical Services PC (EIN 27-4416017) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.