ATLANTICARE PHYSICIAN GROUP PA

EIN: 020701782 501(c)(3) Health Care

EGG HARBOR TOWNSHIP, NJ

Total Revenue
$220,923,775
Total Expenses
$221,561,680
Total Assets
$40,354,647
Net Assets
$8,249,875
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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
2003
Legal Domicile
NJ
Principal Officer
MARILOUISE VENDITTI MD
Phone
6095697031
Tax Period
2019-07-01 to 2020-06-30

ATLANTICARE PHYSICIAN GROUP PA, founded in 2003, is a major nonprofit in the Health Care sector that reported $220.9M in total revenue in fiscal year 2019. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

THE ORGANIZATION PROVIDES MEDICALLY NECESSARY HEALTHCARE SERVICES IN FURTHERANCE OF THE CHARITABLE PURPOSES OF ARMC; A RELATED IRC SECTION 501(C)(3) TAX-EXEMPT ORG.

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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%)

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Financial Overview (2019)

Revenue Breakdown

Contributions & Grants $4,069,096
Program Service Revenue $217,094,603
Investment Income $-692,638
Other Revenue $452,714
TOTAL REVENUE $220,923,775

Expense Breakdown

Grants Paid $0
Salaries & Benefits $169,846,019
Fundraising Expenses $0
Program Expenses $199,405,510
Other Expenses $51,715,661
TOTAL EXPENSES $221,561,680

Year-over-Year Comparison

2019 2018 Change
Revenue $220,923,775 $203,456,570 +0.1%
Expenses $221,561,680 $206,268,351 +0.1%
Net Income $-637,905 $-2,811,781 -0.8%
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

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Governance

Voting Members
4
Independent Members
N/A
Employees
478
Volunteers
N/A

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
4
$2,170,894
Total Directors
4
$2,193,256
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BLAIR A BERGEN MD PHYSICIAN 55.0
Highest
$851,213 $43,397 $894,610
SANJAY SHETTY MD PHYSICIAN 55.0
Highest
$808,920 $52,824 $861,744
MITUL M KANZARIA MD PHYSICIAN 55.0
Highest
$789,498 $60,254 $849,752
VINCENT E LOTANO MD PHYSICIAN 55.0
Highest
$812,383 $17,375 $829,758
BURAK M ARKONAC MD PHYSICIAN 55.0
Highest
$762,146 $51,552 $813,698
MARILOUISE VENDITTI MD PRESIDENT - TRUSTEE 55.0
Officer Director
$0 $60,513 $751,257
ALEXANDER ONOPCHENKO MD SECRETARY - TRUSTEE 55.0
Officer Director
$514,160 $54,931 $569,091
HAK J KIM TREASURER - TRUSTEE 55.0
Officer Director
$0 $55,411 $549,272
STEPHEN BUSHAY MD TRUSTEE 55.0
Director
$271,992 $51,644 $323,636
BENJAMIN J NEGLEY VP PHYSICIAN PRACTICE 55.0
Officer
$0 $73,619 $301,274
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 No data No data No data No data
2020 $220,923,775 $221,561,680 $40,354,647 $-637,905
2019 $203,456,570 $206,268,351 $30,421,561 $-2,811,781
2018 $173,700,351 $175,484,214 $31,715,903 $-1,783,863
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