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← LAWRENCE MEDICAL ASSOCIATES PC

Form 990 for tax year 2024

Filed by LAWRENCE MEDICAL ASSOCIATES PC.

Totals

Total revenue
$106,692,692
Total expenses
$106,692,692
Contributions and grants received
$49,251,343
Grants paid
$0
Program service revenue
$53,193,809
Investment income
$1,496,954
Other revenue
$2,750,586
Total assets, end of year
$86,895,699
Total liabilities, end of year
$102,871,874
Net assets or fund balances, end of year
-$15,976,175
Program services expenses (Part IX)
$92,117,191
Management and general expenses
$14,575,501
Fundraising expenses
$0
Program service expenses (Part III)
$92,117,191

Program services were 86.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $49,251,343

  • 2a · Program service revenue: NET PATIENT SERVICE REVENUE

    total $53,193,809 · related or exempt $53,193,809

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $1,496,954 · excluded $1,496,954

  • 6a · Gross rents

    real property $806,114

  • 6c · Rental income or loss

    real property $806,114 · personal property $0

  • 6d · Net rental income or loss

    total $806,114 · excluded $806,114

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: Incentives/Rebates

    total $1,124,347 · related or exempt $834,799 · excluded $289,548

  • 11b · Other revenue: Medical Service Payments

    total $556,951 · related or exempt $556,951

  • 11c · Other revenue: OTHER OPERATING REVENUE

    total $263,174 · related or exempt $74 · excluded $263,100

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $1,944,472

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $257,879 · management and general $257,879

  • 7 · Other salaries and wages

    total $39,525,151 · program services $33,596,378 · management and general $5,928,773

  • 8 · Pension plan contributions

    total $3,000,511 · program services $2,550,434 · management and general $450,077

  • 9 · Other employee benefits

    total $4,582,639 · program services $3,895,243 · management and general $687,396

  • 10 · Payroll taxes

    total $2,754,062 · program services $2,340,953 · management and general $413,109

  • 11c · Fees: accounting

    total $4,611 · management and general $4,611

  • 11g · Fees: other

    total $40,230,140 · program services $34,609,114 · management and general $5,621,026 · fundraising $0

  • 13 · Office expenses

    total $1,656,952 · program services $1,408,409 · management and general $248,543

  • 14 · Information technology

    total $24,949 · program services $21,207 · management and general $3,742

  • 16 · Occupancy

    total $4,814,622 · program services $4,092,429 · management and general $722,193

  • 17 · Travel

    total $10,287 · management and general $10,287

  • 19 · Conferences, conventions and meetings

    total $27,282 · management and general $27,282

  • 22 · Depreciation, depletion and amortization

    total $1,182,299 · program services $1,004,954 · management and general $177,345

  • 23 · Insurance

    total $6,322,336 · program services $6,312,488 · management and general $9,848

  • 24a · Other expenses: MEDICAL SUPPLIES

    total $2,209,703 · program services $2,209,703

  • 24b · Other expenses: DUES/ MEMBERSHIP HOSPITAL

    total $57,356 · program services $48,753 · management and general $8,603

  • 24c · Other expenses: LICENSE/ PERMITS/ TAX

    total $31,913 · program services $27,126 · management and general $4,787

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $283,837 · end of year $182,242

  • 2 · Savings and temporary cash investments

    beginning of year $39,270,369 · end of year $57,702,348

  • 4 · Accounts receivable

    beginning of year $2,442,459 · end of year $2,563,677

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $295,387 · end of year $315,045

  • 10a · Land, buildings and equipment: cost or other basis

    $16,264,567

  • 10b · Land, buildings and equipment: accumulated depreciation

    $5,675,561

  • 10c · Land, buildings and equipment, net

    beginning of year $8,880,297 · end of year $10,589,006

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $19,758,224 · end of year $15,543,381

  • 17 · Accounts payable and accrued expenses

    beginning of year $46,617,374 · end of year $56,225,553

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $40,289,374 · end of year $46,646,321

  • 27 · Net assets without donor restrictions

    beginning of year -$15,976,175 · end of year -$15,976,175

Mission and programs · 2024

Mission

LAWRENCE MEDICAL ASSOCIATES DBA NEW YORK PRESBYTERIAN MEDICAL GROUP/WESTCHESTER'S MISSION IS TO FURTHER THE NEW YORK AND PRESBYTERIAN HOSPITAL'S CHARITABLE PURPOSE OF PROMOTING HEALTH IN THE COMMUNITY.

Activities or mission (Part I)

LAWRENCE MEDICAL ASSOCIATES DBA NYP MEDICAL GROUP/WESTCHESTER'S MISSION IS TO FURTHER NY PRESBYTERIAN HOSPITAL'S CHARITABLE PURPOSE OF PROMOTING HEALTH IN THE COMMUNITY.

  • LAWRENCE MEDICAL ASSOCIATES (LMA) DBA NEW YORK PRESBYTERIAN MEDICAL GROUP/WESTCHESTER PROFESSIONAL MEDICAL SERVICES ARE PROVIDED IN ACCORDANCE WITH THE MEDICAL SERVICES AGREEMENT WITH THE NEW YORK AND PRESBYTERIAN HOSPITAL. THE HOSPITAL IS RESPONSIBLE FOR MANAGING LMA'S OPERATIONS, WHICH ARE PERFORMED BY LMA EMPLOYEES.

    Expenses $92,117,191 · Revenue $54,585,633

As filed on the 2024 return.

Listed in Part VII

  • Deepa Kumaraiah

    DIRECTOR/PRESIDENT

    Total calculated
    $1,602,236
    From this org
    $0
    From related orgs
    $1,516,962
    Other
    $85,274
    Hours/week
    5 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $798,977 related
    Bonus
    $0 + $624,093 related
    Other
    $0 + $93,892 related
    Deferred
    $0 + $29,713 related
    Nontaxable benefits
    $0 + $55,561 related
    Filer's total
    $0 + $1,602,236 related

  • William Higgins

    VP REGIONAL EXE. MEDICAL DIR.

    Total calculated
    $709,036
    From this org
    $0
    From related orgs
    $657,249
    Other
    $51,787
    Hours/week
    29.5 + 30.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $447,378 related
    Bonus
    $0 + $141,031 related
    Other
    $0 + $68,840 related
    Deferred
    $0 + $18,641 related
    Nontaxable benefits
    $0 + $33,146 related
    Filer's total
    $0 + $709,036 related

  • Ahmed Asif

    ATTENDING PHYSICIAN

    Total calculated
    $803,579
    From this org
    $729,343
    From related orgs
    $0
    Other
    $74,236
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $468,058
    Bonus
    $257,919
    Other
    $3,366
    Deferred
    $29,486
    Nontaxable benefits
    $44,750
    Filer's total
    $803,579

  • Hugo Cocucci

    ATTENDING PHYSICIAN

    Total calculated
    $734,580
    From this org
    $654,097
    From related orgs
    $0
    Other
    $80,483
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $515,440
    Bonus
    $35,000
    Other
    $103,657
    Deferred
    $29,019
    Nontaxable benefits
    $51,464
    Filer's total
    $734,580

  • Konstantin Millerman

    MEDICAL DIRECTOR

    Total calculated
    $592,023
    From this org
    $516,573
    From related orgs
    $0
    Other
    $75,450
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $433,139
    Bonus
    $82,344
    Other
    $1,090
    Deferred
    $29,350
    Nontaxable benefits
    $46,100
    Filer's total
    $592,023

  • Miroslav Nudelman

    ATTENDING PHYSICIAN

    Total calculated
    $651,557
    From this org
    $573,433
    From related orgs
    $0
    Other
    $78,124
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $557,510
    Bonus
    $15,000
    Other
    $923
    Deferred
    $29,019
    Nontaxable benefits
    $49,105
    Filer's total
    $651,557

  • Saeid Mirafzali

    HOSPITALIST

    Total calculated
    $579,424
    From this org
    $513,167
    From related orgs
    $0
    Other
    $66,257
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $289,052
    Bonus
    $222,675
    Other
    $1,440
    Deferred
    $18,411
    Nontaxable benefits
    $47,846
    Filer's total
    $579,424

  • Gerald A Ridge

    FORMER OFFICER

    Total calculated
    $255,140
    From this org
    $0
    From related orgs
    $228,236
    Other
    $26,904
    Hours/week
    16 + 24 related

    Schedule J breakdown matched by us

    Base
    $0 + $38,217 related
    Bonus
    $0 + $3,240 related
    Other
    $0 + $186,779 related
    Deferred
    $0 + $21,849 related
    Nontaxable benefits
    $0 + $5,055 related
    Filer's total
    $0 + $255,140 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4a · Severance or change-of-control payment
  • 7 · Other non-fixed payments

Answered no

  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
COMPENSATION DECISIONS FOR THE PRESIDENT WAS DETERMINED BY A RELATED ORGANIZATION FOLLOWING THAT ORGANIZATION'S COMPENSATION POLICY.
Schedule J, Part I, Line 4a Severance or change-of-control payment
GERALD A. RIDGE RECEIVED SEVERANCE PAY $73,574.
Schedule J, Part I, Line 7 Non-fixed payments
BONUSES ARE DETERMINED AT THE SOLE DISCRETION OF THE P.C. FACTORS CONSIDERED RELATE TO THE QUALITY OF THE SERVICES PROVIDED BY THE PHYSICIAN AND MAY INCLUDE COMPLIANCE WITH THE HOSPITAL'S CORE MEASURES, ADOPTION AND COMPLIANCE WITH THE ELECTRONIC HEALTH RECORD, THE ATTAINMENT OF MEANINGFUL USE CRITERIA, PQRS INDICATORS AS WELL AS, CENTRAL LINE INFECTION RATES, VAP INFECTION RATES, CATHETER ASSOCIATED TRACT INFECTION RATES, PATIENT SATISFACTION SCORES AND LOSS REDUCTION INITIATIVES AS MAY BE APPLICABLE TO SPECIFIC SPECIALTY PRACTICES.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • NYP PROGRAMS INC

    C Corporation · HEALTHCARE · NY

    Directly controlled by NYP FOUNDATION

  • NYP SERVICES INC

    C Corporation · HEALTHCARE · NY

    Directly controlled by NYP FOUNDATION

  • NEW YORK-PRESBYTERIAN GLOBAL INC

    C Corporation · INACTIVE · NY

    Directly controlled by NYP FOUNDATION

  • HARKNESS HALL CLUB INC

    C Corporation · INACTIVE · NY

    Directly controlled by NYP HOSPITAL

  • VERNON HILLS MEDICAL PRACTICE PC

    C Corporation · INACTIVE · NY

    Directly controlled by NYP HOSPITAL

  • NYP GLOBAL SERVICES INC

    C Corporation · INACTIVE · NY

    Directly controlled by NYP FUND INC

  • HUDSON VALLEY VENTURES INC

    C Corporation · INACTIVE · NY

    Directly controlled by WESTCHESTER PUT

  • AC VENTURES INC

    C Corporation · REAL ESTATE · NY

    Directly controlled by WESTCHESTER PUT

  • KNOWA VENTURES INC

    C Corporation · INACTIVE · NY

    Directly controlled by WESTCHESTER PUT

  • MSO OF KINGS COUNTY LLC

    C Corporation · EMPLOY/STAFFING · NY

    Directly controlled by NYP HOSPITAL

  • LC SERVICES CORPORATION

    C Corporation · INACTIVE · NY

    Directly controlled by LAWRENCE CARE

  • NETWORK INSURANCE COMPANY LTD

    C Corporation · REINSURANCE · BD

    Directly controlled by NYP HOSPITAL

  • CRT SURGICAL ASSOCIATES PC

    C Corporation · INACTIVE · NY

    Directly controlled by NYPQUEENS

Provenance

Return type
form_990
Tax year
2024
Filed
12 November 2025
IRS schema version
2024v5.1
Source object
202513169349300721

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