Civic Intelligence

Tbhc Medical Testing Services PC C/O the Brooklyn Hospital Center

990 • Fiscal year 2015 • EIN 27-0174413

Jan 01, 2015 to Dec 31, 2015 • Filed on Nov 10, 2016

121 Dekalb AvenueBrooklyn, NY 11201

(718) 250-6755

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

91st percentile

1.73x

Higher debt load relative to assets than 91% of similar nonprofits.

2015 filings • NTEE E • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

77th percentile

0.59x

Higher debt load relative to revenue than 77% of similar nonprofits.

2015 filings • NTEE E • $1M-$5M nonprofits • Source year 2015

Net Margin

29th percentile

-4.4%

Higher net margin than 29% of similar nonprofits.

2015 filings • NTEE E • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

82nd percentile

$345,644

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 17.9% of source-year revenue.

2015 filings • NTEE E • $1M-$5M nonprofits • Source year 2015

Asset Growth

94th percentile

64%

Faster asset growth than 94% of similar nonprofits.

2015 filings • NTEE E • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

18th percentile

-15%

Faster revenue growth than 18% of similar nonprofits.

2015 filings • NTEE E • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Up

$663,862

Up $259,673 (+64%) from 2014

Net Assets

Down

-$483,375

Down $85,213 (-21%) from 2014

Liabilities

Up

$1,147,237

Up $344,886 (+43%) from 2014

Revenue

Down

$1,931,351

Down $330,059 (-15%) from 2014

Expenses

Up

$2,016,564

Up $111,367 (+5.8%) from 2014

Net Income

Down

-$85,213

Down $441,426 (-124%) from 2014

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0-$500K-$1.0MAssets 2012: $278,400Liabilities 2012: $826,596Net Assets 2012: -$548,1962012Assets 2013: $453,992Liabilities 2013: $1,208,367Net Assets 2013: -$754,3752013Assets 2014: $404,189Liabilities 2014: $802,351Net Assets 2014: -$398,1622014Assets 2015: $663,862Liabilities 2015: $1,147,237Net Assets 2015: -$483,3752015Assets 2016: $317,106Liabilities 2016: $559,858Net Assets 2016: -$242,7522016Assets 2017: $134,285Liabilities 2017: $145,182Net Assets 2017: -$10,8972017Assets 2018: $8,463Liabilities 2018: $216,937Net Assets 2018: -$208,4742018Assets 2019: $54,621Liabilities 2019: $210,635Net Assets 2019: -$156,0142019Assets 2020: $285,523Liabilities 2020: $264,235Net Assets 2020: $21,2882020Assets 2021: $108,673Liabilities 2021: $0Net Assets 2021: $108,6732021Assets 2022: $250,829Liabilities 2022: $94,426Net Assets 2022: $156,4032022Assets 2023: $161,905Liabilities 2023: $145,728Net Assets 2023: $16,1772023Assets 2024: $603,580Liabilities 2024: $378,333Net Assets 2024: $225,2472024

Highlighted filing

2015

Assets$663,862
Liabilities$1,147,237
Net Assets-$483,375

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2012: $2,181,6052012Revenue 2013: $2,139,573Expenses 2013: $2,345,752Net Income 2013: -$206,1792013Revenue 2014: $2,261,410Expenses 2014: $1,905,197Net Income 2014: $356,2132014Revenue 2015: $1,931,351Expenses 2015: $2,016,564Net Income 2015: -$85,2132015Revenue 2016: $1,146,426Expenses 2016: $905,803Net Income 2016: $240,6232016Revenue 2017: $1,001,059Expenses 2017: $769,204Net Income 2017: $231,8552017Revenue 2018: $684,663Expenses 2018: $882,240Net Income 2018: -$197,5772018Revenue 2019: $935,078Expenses 2019: $882,618Net Income 2019: $52,4602019Revenue 2020: $813,430Expenses 2020: $636,128Net Income 2020: $177,3022020Revenue 2021: $945,195Expenses 2021: $857,810Net Income 2021: $87,3852021Revenue 2022: $959,706Expenses 2022: $911,976Net Income 2022: $47,7302022Revenue 2023: $759,983Expenses 2023: $900,209Net Income 2023: -$140,2262023Revenue 2024: $517,876Expenses 2024: $308,806Net Income 2024: $209,0702024

Highlighted filing

2015

Revenue$1,931,351
Expenses$2,016,564
Net Income-$85,213
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Nov 10, 2016
Return Version
2015v2.1
Gross Receipts
$1,931,351
Mission and Program Overview

Mission

The mission of tbhc medical testing services, pc ("the organization") is to provide high quality health care to members of the community and to support the charitable purposes and mission of the brooklyn hospital center. The organization provides exemplary health care services to indigent patients and patients who are medicare and medicaid beneficiaries in a non-discriminatory manner and without regard to their ability to pay.

To provide high quality health care to members of the community and to support the charitable purposes and mission of the brooklyn hospital center.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$404,189$663,862▲ $259,673
Cash and Non-Interest-Bearing Accounts$0$0→ $0
Savings and Temporary Cash Investments$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0--
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$404,189$663,862▲ $259,673
Other Assets Total$0$0→ $0
Liabilities
Other Liabilities$802,351$1,147,237▲ $344,886
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$802,351$1,147,237▲ $344,886
Net Assets / Fund Balance
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Unrestricted Net Assets$-398,162$-483,375▼ $85,213
Total Net Assets Fund Balance$-398,162$-483,375▼ $85,213
Total Liabilities and Net Assets / Fund Balance$404,189$663,862▲ $259,673
Compensation and Service Providers

Board Members and Trustees

NameTitle
Philip Xiao MDPresident
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,931,351
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-85,213
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,545,848
Other Expenses$470,716
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,092,929$241,539-$1,334,468
Payroll Taxes$87,325$19,299-$106,624
Insurance$105,140--$105,140
Other Employee Benefits$85,795$18,961-$104,756
All Other Expenses$13,721$3,032-$16,753
Travel$2,933$648-$3,581
Other Expenses$33,531$47-$47
Total Functional Expenses$1,715,559$301,005$0$2,016,564
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Related Organizations$1,147,237
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 6

Philip Xiao, MD IS THE NOMINEE SHAREHOLDER.

Form 990, Part VI, Line 7A

The nominee shareholder and president of the organization is appointed by the brooklyn hospital center, a related organization, and also acts as the sole director.

Form 990, Part VI, Line 7B

The Brooklyn Hospital Center Must Approve In advance any amendment to the bylaws of the organization.

Form 990, Part VI, Line 11B

A copy of form 990 was provided to the president, dr. Philip xiao, md, and has been approved before it was filed.

Form 990, Part VI, Line 12C

The organization is controlled by the brooklyn hospital center ("tbhc") and it follows tbhc's conflict of interest policy. Tbhc monitors and enforces its policy as follows: the vp of audit and compliance reviews all statements. All positive responses are reviewed with the ceo and general counsel. All material responses are reported to the audit and compliance committee of the board, along with recommended actions. If a conflict arises then the vp of audit and compliance gathers additional information from the reporter as necessary. Positive responses are reviewed by the vp of audit and compliance, ceo, and counsel, and this group determines which if any responses represent a conflict. The ceo will then take such action as is deemed appropriate to eliminate the conflict of interest, including such steps as reassignment of responsibilities or establishment of protective arrangements. If the matter involves a board member or officer, appropriate action will be determined by the board.

Form 990, Part VI, Line 19

Upon request, the organization will make available only those documents required to be disclosed under the public inspection laws.

Filing and Contact Details

Filer

Filer Name
TBHC Medical Testing Services PC
EIN
27-0174413
In Care Of
% THE BROOKLYN HOSPITAL CENTER
Phone
7182506755
Address
121 Dekalb Avenue, Brooklyn, NY 11201

Signing Officer

Name
Philip Xiao Md
Title
President
Phone
7182506755
Signed
2016-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Philip Xiao Md
Formed
2009
Legal Domicile
Ny
Voting Board Members
1
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Bdo USA Llp
Address
950 Third Avenue - 20th FL, New York, NY 10022
Preparer
Angelo Pirozzi CPA
Phone
2123714446
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IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0THE BROOKLYN HOSPITAL CENTER
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Philip Xiao MD
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0President
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
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IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION'S TOP MANAGEMENT OFFICIAL RECEIVED HIS COMPENSATION FROM A RELATED ORGANIZATION, WHICH USED ONE OR MORE OF THE METHODS DESCRIBED TO ESTABLISH THE TOP MANAGEMENT OFFICIAL'S COMPENSATION. SEE SCHEDULE R.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Philip Xiao, MD IS THE NOMINEE SHAREHOLDER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE NOMINEE SHAREHOLDER AND PRESIDENT OF THE ORGANIZATION IS APPOINTED BY THE BROOKLYN HOSPITAL CENTER, A RELATED ORGANIZATION, AND ALSO ACTS AS THE SOLE DIRECTOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Brooklyn Hospital Center Must Approve In advance any amendment to the bylaws of the organization.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A COPY OF FORM 990 WAS PROVIDED TO THE PRESIDENT, DR. PHILIP XIAO, MD, AND HAS BEEN APPROVED BEFORE IT WAS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION IS CONTROLLED BY THE BROOKLYN HOSPITAL CENTER ("TBHC") AND IT FOLLOWS TBHC'S CONFLICT OF INTEREST POLICY. TBHC MONITORS AND ENFORCES ITS POLICY AS FOLLOWS: THE VP OF AUDIT AND COMPLIANCE REVIEWS ALL STATEMENTS. ALL POSITIVE RESPONSES ARE REVIEWED WITH THE CEO AND GENERAL COUNSEL. ALL MATERIAL RESPONSES ARE REPORTED TO THE AUDIT AND COMPLIANCE COMMITTEE OF THE BOARD, ALONG WITH RECOMMENDED ACTIONS. IF A CONFLICT ARISES THEN THE VP OF AUDIT AND COMPLIANCE GATHERS ADDITIONAL INFORMATION FROM THE REPORTER AS NECESSARY. POSITIVE RESPONSES ARE REVIEWED BY THE VP OF AUDIT AND COMPLIANCE, CEO, AND COUNSEL, AND THIS GROUP DETERMINES WHICH IF ANY RESPONSES REPRESENT A CONFLICT. THE CEO WILL THEN TAKE SUCH ACTION AS IS DEEMED APPROPRIATE TO ELIMINATE THE CONFLICT OF INTEREST, INCLUDING SUCH STEPS AS REASSIGNMENT OF RESPONSIBILITIES OR ESTABLISHMENT OF PROTECTIVE ARRANGEMENTS. IF THE MATTER INVOLVES A BOARD MEMBER OR OFFICER, APPROPRIATE ACTION WILL BE DETERMINED BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5UPON REQUEST, THE ORGANIZATION WILL MAKE AVAILABLE ONLY THOSE DOCUMENTS REQUIRED TO BE DISCLOSED UNDER THE PUBLIC INSPECTION LAWS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, LINE 19
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt0PARK VENTURES
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt1BRKLYN HOSP CTR
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt2BRKLYN HOSP CTR
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt3TBH FOUNDATION
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt4BRKLYN HOSP CTR
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt5BRKLYN HOSP CTR
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C CORP
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt1C CORP
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt2C CORP
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt3C CORP
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt4C CORP
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt5C CORP
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0FINANCIAL
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt1MEDICAL SERVI
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt2MEDICAL SERVI
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt3INVESTING
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt4MEDICAL SERVI
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt5MEDICAL SERVI
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0BC FINANCIAL SERVICES INC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt1BROOKLYN HOSPITAL ECG MEDICAL SERVICES
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt2BROOKLYN HOSPITAL NUCLEAR MEDICINE PC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt3PARK VENTURES INC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt4TBHC ANESTHESIOLOGY SERVICES PC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt5TBHC RADIATION ONCOLOGY PC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt0121 DEKALB AVE
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt1121 DEKALB AVE
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt2121 DEKALB AVE
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt3121 DEKALB AVE
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt4121 DEKALB AVE
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt5121 DEKALB AVE
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