ATLANTICARE PHYSICIAN GROUP PA

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2003

Legal Domicile

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 SERVES AS THE PHYSICIAN SERVICES COMPONENT OF ATLANTICARE HEALTH SYSTEM, INC. AND AFFILIATES AND PROVIDES MEDICALLY NECESSARY HEALTHCARE SERVICES IN FURTHERANCE OF THE CHARITABLE PURPOSES OF ATLANTICARE REGIONAL MEDICAL CENTER; A RELATED INTERNAL REVENUE CODE SECTION 501(C)(3) TAX-EXEMPT ORGANIZATION WHICH PROVIDES MEDICALLY NECESSARY HEALTHCARE SERVICES TO ALL INDIVIDUALS IN A NON-DISCRIMINATORY MANNER REGARDLESS OF RACE, COLOR, CREED, SEX, NATIONAL ORIGIN OR ABILITY TO PAY. PLEASE REFER TO THE ORGANIZATION'S COMMUNITY BENEFIT STATEMENT INCLUDED IN SCHEDULE O.

Program Service Accomplishments

Program 1

Expenses: $199,405,510 Revenue: $217,094,603

EXPENSES INCURRED IN SERVING AS THE PHYSICIAN SERVICES COMPONENT OF ATLANTICARE HEALTH SYSTEM, INC. AND AFFILIATES AND ACTING IN FURTHERANCE OF THE CHARITABLE PURPOSES OF ATLANTICARE REGIONAL MEDICAL CENTER; A RELATED INTERNAL REVENUE CODE SECTION 501(C)(3)TAX-EXEMPT ORGANIZATION WHICH PROVIDES MEDICALLY NECESSARY HEALTHCARE SERVICES to all individuals in a non-discriminatory manner regardless of RACE, COLOR, CREED, SEX, NATIONAL ORIGIN OR ability to pay.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

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

🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Governance

Voting Members

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

$2,170,894

Total Directors

$2,193,256

Key Employees

Highest Compensated

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