Wyckoff Professional Medical Services Pc
Wyckoff Professional Medical Services Pc faces severe financial distress with multi-million dollar annual deficits and rapidly escalating liabilities.
EIN: 113437602 · Brooklyn, NY · NTEE: E300 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $23.2M |
| Total Expenses | $44.2M |
| Program Spending | 80% |
| Net Assets | $-95,654,351 |
| Transparency Score | 30/100 |
Is Wyckoff Professional Medical Services Pc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Wyckoff Professional Medical Services Pc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Wyckoff Professional Medical Services Pc
Wyckoff Professional Medical Services Pc (EIN: 113437602) is a nonprofit organization based in Brooklyn, NY, classified under NTEE code E300. The organization reported total revenue of $23.2M and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wyckoff Professional Medical Services Pc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Wyckoff Professional Medical Services Pc is a large nonprofit that has been operating for 24 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 46.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $20.2M |
| Total Expenses | $44.2M |
| Surplus / Deficit | $-24,027,305 |
| Total Assets | $443K |
| Total Liabilities | $96.1M |
| Net Assets | $-95,654,351 |
| Operating Margin | -119.1% |
| Debt-to-Asset Ratio | 21673.6% |
| Months of Reserves | 0.1 months |
Financial Health Grade: D
In 2023, Wyckoff Professional Medical Services Pc reported a deficit of $24.0M with expenses exceeding revenue, holds 0.1 months of operating reserves (limited), has a debt-to-asset ratio of 21673.6% (high leverage).
Financial Trends
Over 14 years of filings (2010–2023), Wyckoff Professional Medical Services Pc's revenue has grown at a compound annual growth rate (CAGR) of 46.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -4.1% | +8.4% | -38.1% |
| 2022 | +3.2% | +10.3% | -51.9% |
| 2021 | -38.9% | +3.7% | +566.8% |
| 2020 | +4.1% | +9.7% | -90.0% |
| 2019 | +50.1% | +51.0% | -2.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2002 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Wyckoff Professional Medical Services Pc with a Mission Score of 30 out of 100 (Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Wyckoff Professional Medical Services Pc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $24.0M, with expenses exceeding revenue.
- Debt-to-asset ratio: 21673.6%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which suggests either that officers are not compensated, or their compensation is not reported in a standard manner on the 990, potentially impacting transparency.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Wyckoff Professional Medical Services Pc's IRS 990 filings:
- Consistent and substantial operating deficits (e.g., $24M in 2023).
- Rapidly escalating liabilities ($96M in 2023) far exceeding assets ($443K).
- Low asset base relative to operational scale and liabilities.
- Unclear financial sustainability given persistent negative net income.
- Lack of reported officer compensation for a large organization.
Strengths
The following positive indicators were identified for Wyckoff Professional Medical Services Pc:
- No reported officer compensation, suggesting resources are not directly allocated to executive salaries via standard reporting.
Frequently Asked Questions about Wyckoff Professional Medical Services Pc
Is Wyckoff Professional Medical Services Pc a legitimate charity?
Based on AI analysis of IRS 990 filings, Wyckoff Professional Medical Services Pc (EIN: 113437602) significant concerns. Mission Score: 30/100. 5 red flags identified, 1 strength noted.
How does Wyckoff Professional Medical Services Pc spend its money?
Wyckoff Professional Medical Services Pc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Wyckoff Professional Medical Services Pc tax-deductible?
Wyckoff Professional Medical Services Pc is registered as a tax-exempt nonprofit (EIN: 113437602). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Wyckoff Professional Medical Services Pc's spending goes to programs?
Wyckoff Professional Medical Services Pc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Wyckoff Professional Medical Services Pc compare to similar nonprofits?
With a transparency score of 30/100 (Poor), Wyckoff Professional Medical Services Pc is below average for NTEE category E300 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Wyckoff Professional Medical Services Pc located?
Wyckoff Professional Medical Services Pc is headquartered in Brooklyn, New York and files with the IRS under EIN 113437602. It is classified under NTEE code E300.
How many years of IRS 990 filings does Wyckoff Professional Medical Services Pc have?
Wyckoff Professional Medical Services Pc has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $23.2M in total revenue.
Is Wyckoff Professional Medical Services Pc financially sustainable?
Based on the consistent and large operating deficits (e.g., $24M in 2023) and rapidly increasing liabilities ($96M in 2023 vs. $443K in assets), the organization's financial sustainability appears highly questionable.
What is driving the significant increase in liabilities?
The liabilities have grown from $768,800 in 2020 to $96,097,737 in 2023, a nearly 12,400% increase. This dramatic surge warrants further investigation into the nature of these liabilities and how they are being managed.
How does the organization cover its substantial operating deficits?
With expenses consistently exceeding revenue by tens of millions of dollars annually, it's unclear how the organization is funding its operations without a clear source of income or significant asset base to draw upon, especially given the low asset figures.
Why is officer compensation consistently reported as 0%?
While 0% officer compensation could indicate a volunteer leadership structure, for an organization with over $20 million in annual revenue and significant operations, it raises questions about how executive leadership is compensated, if at all, and whether this is fully transparent.
Filing History
IRS 990 filing history for Wyckoff Professional Medical Services Pc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Wyckoff Professional Medical Services Pc's revenue has grown by 14327.2%, moving from $140K to $20.2M. Total assets increased by 1772.6% over the same period, from $24K to $443K. Total functional expenses rose by 32987.3%, from $134K to $44.2M. In its most recent filing year (2023), Wyckoff Professional Medical Services Pc reported a deficit of $24.0M, with expenses exceeding revenue. The organization holds $96.1M in liabilities against $443K in assets (debt-to-asset ratio: 21673.6%), resulting in net assets of $-95,654,351.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $20.2M | $44.2M | $443K | $96.1M | — | — |
| 2022 | $21.0M | $40.8M | $716K | $72.1M | — | View 990 |
| 2021 | $20.4M | $37.0M | $1.5M | $54.6M | — | View 990 |
| 2020 | $33.4M | $35.7M | $223K | $769K | — | View 990 |
| 2019 | $32.0M | $32.5M | $2.2M | $496K | — | View 990 |
| 2018 | $21.4M | $21.5M | $2.3M | $33K | — | View 990 |
| 2017 | $11.0M | $10.3M | $2.7M | $738K | — | View 990 |
| 2016 | $9.5M | $7.9M | $2.5M | $1.2M | — | View 990 |
| 2015 | $4.3M | $4.3M | $726K | $1.0M | — | View 990 |
| 2014 | $781K | $911K | $256K | $539K | — | View 990 |
| 2013 | $522K | $766K | $113K | $265K | — | View 990 |
| 2012 | $20K | $23K | $102K | $10K | — | View 990 |
| 2011 | $146K | $63K | $36K | $12K | — | View 990 |
| 2010 | $140K | $134K | $24K | $12K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $20.2M, expenses of $44.2M, and assets of $443K (revenue -4.1% year-over-year).
- 2022: Revenue of $21.0M, expenses of $40.8M, and assets of $716K (revenue +3.2% year-over-year).
- 2021: Revenue of $20.4M, expenses of $37.0M, and assets of $1.5M (revenue -38.9% year-over-year).
- 2020: Revenue of $33.4M, expenses of $35.7M, and assets of $223K (revenue +4.1% year-over-year).
- 2019: Revenue of $32.0M, expenses of $32.5M, and assets of $2.2M (revenue +50.1% year-over-year).
- 2018: Revenue of $21.4M, expenses of $21.5M, and assets of $2.3M (revenue +94.2% year-over-year).
- 2017: Revenue of $11.0M, expenses of $10.3M, and assets of $2.7M (revenue +16.3% year-over-year).
- 2016: Revenue of $9.5M, expenses of $7.9M, and assets of $2.5M (revenue +119.1% year-over-year).
- 2015: Revenue of $4.3M, expenses of $4.3M, and assets of $726K (revenue +452.5% year-over-year).
- 2014: Revenue of $781K, expenses of $911K, and assets of $256K (revenue +49.7% year-over-year).
- 2013: Revenue of $522K, expenses of $766K, and assets of $113K (revenue +2499.2% year-over-year).
- 2012: Revenue of $20K, expenses of $23K, and assets of $102K (revenue -86.2% year-over-year).
- 2011: Revenue of $146K, expenses of $63K, and assets of $36K (revenue +4.4% year-over-year).
- 2010: Revenue of $140K, expenses of $134K, and assets of $24K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Wyckoff Professional Medical Services Pc:
Data Sources and Methodology
This transparency report for Wyckoff Professional Medical Services Pc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.