Elliot Physican Network (EIN 020509589) - 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

William G Baxter

Phone

6036638914

Tax Period

2022-07-01 to 2023-06-30

Elliot Physican Network, founded in 2002, is a mid-sized nonprofit in the Health Care sector that reported $38.0M in total revenue in fiscal year 2022. Expenses of $48.0M exceeded revenue, resulting in a 26% operating deficit.

Mission

The Elliot Physician Network is a group of specialized physicians dedicated to the promotion of highest quality, compassionate and accessible health care. We realize the importance of each patient and each physician in the patient-physician relationship. We are guided by the desire to work within the larger Elliot Health System to create a healthy community.

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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 (2022)

Revenue Breakdown

Contributions & Grants $157,542

Program Service Revenue $37,868,993

Investment Income $0

Other Revenue $0

TOTAL REVENUE $38,026,535

Expense Breakdown

Grants Paid $0

Salaries & Benefits $38,660,562

Fundraising Expenses $0

Program Expenses $46,144,935

Other Expenses $9,296,240

TOTAL EXPENSES $47,956,802

Year-over-Year Comparison

	2022	2021	Change
Revenue	$38,026,535	$35,254,410	+0.1%
Expenses	$47,956,802	$43,146,432	+0.1%
Net Income	$-9,930,267	$-7,892,022	+0.3%

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

109

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

$1,738,008

Total Directors

$3,959,055

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Marina Feldman MD	Trustee	1.00	Director	$0	$51,237	$852,303
William G Baxter	President & CEO	1.00	Officer Director	$0	$182,409	$1,245,710
Todd Burdette MD	Trustee	1.00	Director	$0	$41,206	$735,976
Maria Boylan DO	Trustee	41.00	Director	$287,612	$46,798	$334,410
Matthew Ryzewski MD	Trustee	1.00	Director	$0	$46,538	$441,733
Elizabeth Saich MD	Trustee	1.00	Director	$0	$52,120	$348,923
David Cuzzi	Trustee	1.00	Director	$0	$0	$0
Michael Decelle	Trustee	1.00	Director	$0	$0	$0
Stephen Langan	Chair/Trustee	1.00	Officer Director	$0	$0	$0
Michael Turilli	CFO	1.00	Officer	$0	$29,058	$492,298
Manish Chopra MD	Physician	40.00	Highest	$448,770	$54,191	$502,961
Gus Emmick MD	Physician	40.00	Highest	$429,428	$44,912	$474,340
Samuel Goldman MD	Physician	40.00	Highest	$378,649	$43,997	$422,646
Andrew Rosen MD	Physician	40.00	Highest	$369,836	$54,566	$424,402
Masooma Athar MD	Physician	40.00	Highest	$387,113	$29,832	$416,945
Joseph Felkner	Former SVP/CFO	0.00		$0	$180,437	$1,139,282

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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$38,026,535	$47,956,802	$3,162,117	$-9,930,267
2022	$35,254,410	$43,146,432	$1,816,267	$-7,892,022
2021	$33,981,093	$40,386,045	$1,766,025	$-6,404,952
2020	$32,154,666	$42,137,097	$2,161,593	$-9,982,431
2019	$34,363,125	$44,056,999	$2,284,935	$-9,693,874
2018	$33,397,225	$41,070,744	$3,026,391	$-7,673,519

Elliot Physican Network