Catholic Medical Center Physicians Practice Associates (EIN 020460245) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2002

Legal Domicile

Principal Officer

Sidi Cuko

Phone

6036683545

Tax Period

2023-10-01 to 2024-09-30

Catholic Medical Center Physicians Practice Associates, founded in 2002, is a mid-sized nonprofit in the Health Care sector that reported $30.0M in total revenue in fiscal year 2023. Revenue surged 51% from the prior year, signaling strong growth momentum. Expenses of $79.1M exceeded revenue, resulting in a 164% operating deficit.

Mission

The heart of Catholic Medical Center Physicians Practice Associates is to carry out Christ's healing ministry by offering health, healing, and hope to every individual who seeks our care.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $30,012,977

Investment Income $0

Other Revenue $0

TOTAL REVENUE $30,012,977

Expense Breakdown

Grants Paid $0

Salaries & Benefits $64,683,324

Fundraising Expenses $0

Program Expenses $63,278,963

Other Expenses $14,415,365

TOTAL EXPENSES $79,098,689

Year-over-Year Comparison

	2023	2022	Change
Revenue	$30,012,977	$19,907,001	+0.5%
Expenses	$79,098,689	$66,760,764	+0.2%
Net Income	$-49,085,712	$-46,853,763	+0.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

264

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$2,425,030

Total Directors

$2,585,112

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Alexander Walker Jr Esq	President & CEO/Vice Chair	0.20	Officer Director	$0	$351,171	$1,068,695
Carolyn Claussen MD	Secretary & Treasurer/Physician	40.20	Officer Director	$252,176	$11,658	$263,834
Patricia Furey MD	Director/Physician	40.20	Director	$470,768	$53,510	$524,278
Robert Capodilupo MD	Trustee/Executive Medical Director	40.20	Officer Director	$675,257	$53,048	$728,305
Marie McKay CPA	Director	0.20	Director	$0	$0	$0
Pamela Martel	Executive VP & CFO	0.20	Officer	$0	$19,006	$364,196
Benjamin Westbrook MD FACS	Physician	40.00	Highest	$1,449,882	$52,288	$1,502,170
David Caparrelli MD FACS	Physician	40.00	Highest	$968,779	$53,485	$1,022,264
Gerald Sardella MD FACS	Physician	40.00	Highest	$922,595	$41,764	$964,359
Stephan H Heo MD	Physician	40.00	Highest	$767,874	$54,570	$822,444
Xiaoyu Yang-Giuliano MD	Physician	40.00	Highest	$754,783	$57,955	$812,738
Edward Dudley III	Former Executive VP & CFO (end 2/23)	0.00		$0	$132,010	$291,017
Louis I Fink MD	Former Chair (end 7/23)/Cardiologist	40.00		$387,932	$17,724	$405,656

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$30,012,977	$79,098,689	$1,143,289	$-49,085,712
2023	$19,907,001	$66,760,764	$567,764	$-46,853,763
2022	$22,155,539	$66,139,988	$1,277,749	$-43,984,449
2021	$16,272,963	$62,517,964	$724,337	$-46,245,001
2020	$19,130,252	$62,284,158	$698,058	$-43,153,906
2019	$21,730,371	$62,678,677	$3,274,189	$-40,948,306
2018	$24,664,782	$57,709,557	$1,420,499	$-33,044,775

Catholic Medical Center Physicians Practice Associates