BLUE RIDGE HEALTHCARE MEDICAL GROU… - Form 990 Financial Data

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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

2006

Legal Domicile

Principal Officer

KATHY BAILEY

Phone

8285805000

Tax Period

2022-07-01 to 2023-06-30

BLUE RIDGE HEALTHCARE MEDICAL GROUP INC, founded in 2006, is a mid-sized nonprofit in the Health Care sector that reported $54.1M in total revenue in fiscal year 2022. Revenue surged 108% from the prior year, signaling strong growth momentum. Expenses of $73.8M exceeded revenue, resulting in a 36% operating deficit.

Mission

BLUE RIDGE MEDICAL GROUP IS COMMITTED TO IMPROVING THE HEALTH OF OUR COMMUNITIES BY PROVIDING EXCELLENT AND COMPASSIONATE CARE.

Program Service Accomplishments

Program 1

Expenses: $65,243,009 Revenue: $53,970,821

PHYSICIAN PRACTICE GROUPGENERAL AND SPECIALTY PRACTICES FOR THE COMMUNITY TO RECEIVE CARE, TREATMENT FROM ILLNESS, AND PROMOTE GENERAL HEALTH. THE PHYSICIAN GROUP COMPLIMENTS THE OTHER SERVICES OF...

PHYSICIAN PRACTICE GROUPGENERAL AND SPECIALTY PRACTICES FOR THE COMMUNITY TO RECEIVE CARE, TREATMENT FROM ILLNESS, AND PROMOTE GENERAL HEALTH. THE PHYSICIAN GROUP COMPLIMENTS THE OTHER SERVICES OF BLUE RIDGE HEALTHCARE'S ACUTE CARE FACILITIES AND LONG TERM CARE FACILITIES.

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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 $107,907

Program Service Revenue $53,970,821

Investment Income $15,647

Other Revenue $0

TOTAL REVENUE $54,094,375

Expense Breakdown

Grants Paid $0

Salaries & Benefits $56,868,643

Fundraising Expenses $0

Program Expenses $65,243,009

Other Expenses $16,933,944

TOTAL EXPENSES $73,802,587

Year-over-Year Comparison

	2022	2021	Change
Revenue	$54,094,375	$26,058,504	+1.1%
Expenses	$73,802,587	$33,407,215	+1.2%
Net Income	$-19,708,212	$-7,348,711	+1.7%

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

191

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

$1,410,210

Total Directors

$1,317,302

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHY BAILEY	PRESIDENT & CEO	1.00	Officer Director	$0	$13,957	$979,442
ALAN GRIFFIN	BOARD MEMBER	1.00	Director	$0	$0	$0
GANDHARI LOOMIS MD	BOARD MEMBER	50.00	Director	$317,688	$20,172	$337,860
PATRICIA MOLL	CFO	1.00	Officer	$0	$43,409	$430,768
GERALD MANK	PHYSICIAN	50.00	Highest	$979,390	$58,119	$1,037,509
KADRY ALLABOUN	PHYSICIAN	50.00	Highest	$866,179	$72,956	$939,135
MICHAEL SMITH	PHYSICIAN	50.00	Highest	$842,646	$72,972	$915,618
STEVEN ISSERMAN	PHYSICIAN	50.00	Highest	$783,494	$76,250	$859,744
MATTHEW MISHOE	MEDICAL DIRECTOR	50.00	Highest	$778,698	$29,954	$808,652

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	$54,094,375	$73,802,587	$20,635,926	$-19,708,212
2022	$26,058,504	$33,407,215	$28,294,730	$-7,348,711
2021	$62,090,684	$66,755,095	$29,518,541	$-4,664,411
2020	$48,237,838	$61,596,157	$29,221,973	$-13,358,319
2019	$50,145,482	$63,643,809	$20,900,287	$-13,498,327
2018	$45,133,339	$61,905,118	$21,579,707	$-16,771,779

BLUE RIDGE HEALTHCARE MEDICAL GROUP INC