RELIANT MEDICAL GROUP INC

EIN: 042472266 501(c)(3)

WORCESTER, MA

Total Revenue
$168,149,495
Total Expenses
$176,436,084
Total Assets
N/A
Net Assets
N/A
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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
1970
Legal Domicile
MA
Principal Officer
TAREK ELSAWY MD
Phone
5083685437
Tax Period
2018-01-01 to 2018-03-31

RELIANT MEDICAL GROUP INC, founded in 1970, is a major nonprofit that reported $168.1M in total revenue in fiscal year 2018. Revenue fell 74% from the prior year — a significant decline worth monitoring.

Mission

SEE STATEMENT 1 AT SCHEDULE O

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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 (2018)

Revenue Breakdown

Contributions & Grants $17,109
Program Service Revenue $168,324,726
Investment Income $-203,104
Other Revenue $10,764
TOTAL REVENUE $168,149,495

Expense Breakdown

Grants Paid $74,550
Salaries & Benefits $66,039,623
Fundraising Expenses $0
Program Expenses $168,987,869
Other Expenses $110,321,911
TOTAL EXPENSES $176,436,084

Year-over-Year Comparison

2018 2017 Change
Revenue $168,149,495 $657,126,494 -0.7%
Expenses $176,436,084 $656,800,017 -0.7%
Net Income $-8,286,589 $326,477 -26.4%
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
16
Independent Members
8
Employees
2650
Volunteers
39

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
7
$1,280,779
Total Directors
16
$1,058,093
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN ANDREOLI TRUSTEE 2.00
Director
$4,000 $0 $4,000
ROBERT ANTONUCCI EDD TRUSTEE 2.00
Director
$5,500 $0 $5,500
WILLIAM BALCOM MD TRUSTEE;CLERK;CHAIR-ORTHO DEPT 50.00
Officer Director
$225,112 $22,180 $247,292
MICHAEL COOPER MD TRUSTEE; VICE-CHAIR; PHYSICIAN 50.00
Officer Director
$62,071 $17,818 $79,889
JUSTIN DORFMAN MD TRUSTEE; PHYSICIAN 50.00
Director
$97,668 $16,953 $114,621
MARY ELLEN DUGAN MD TRUSTEE; PHYSICIAN 50.00
Director
$67,202 $15,870 $83,072
KATHY GIBNEY TRUSTEE 2.00
Director
$3,500 $0 $3,500
SUSAN MAILMAN TRUSTEE 2.00
Director
$4,500 $0 $4,500
KEVIN MARTIN MD TRUSTEE; PHYSICIAN 50.00
Director
$80,045 $16,496 $96,541
SEEMA NARAVANE MD TRUSTEE; PHYSICIAN 50.00
Director
$57,568 $17,179 $74,747
KEVIN O'SULLIVAN TRUSTEE 1.00
Director
$3,500 $0 $3,500
RALPH RONDINONE JR TRUSTEE 2.00
Director
$5,500 $0 $5,500
JOHN SCHNEEWEIS MD TRUSTEE; PHYSICIAN 50.00
Director
$108,425 $25,035 $133,460
LISA SCOPA TRUSTEE; TREASURER 2.00
Officer Director
$6,500 $0 $6,500
LINDA SHYAVITZ TRUSTEE 2.00
Director
$4,000 $0 $4,000
JOSEPH SIDARI MD TRUSTEE; BOARD CHAIR; PHYSICIAN 50.00
Officer Director
$170,257 $21,214 $191,471
TAREK ELSAWY MD PRESIDENT AND CEO 50.00
Officer
$480,001 $21,010 $501,011
STEPHEN KNOX COO 50.00
Officer
$84,532 $16,695 $101,227
BRUCE PLUMMER CFO 50.00
Officer
$130,950 $22,439 $153,389
PAUL ARCAND PHYSICIAN VASCULAR SURGERY 50.00
Highest
$192,804 $22,257 $215,061
MICHAEL KELFER MD DIV. CHIEF GASTROENTEROLOGY 50.00
Highest
$189,088 $25,093 $214,181
DAVID KIM MD DIV.CHIEF ORTHO. & PLASTIC SURGERY 50.00
Highest
$191,777 $22,393 $214,170
JONATHAN TAYLOR MD PHYSICIAN GASTROENTEROLOGY 50.00
Highest
$182,362 $22,851 $205,213
JEFFREY ZAREF PEDIATRICIAN 50.00
Highest
$212,943 $17,170 $230,113
LEON JOSEPHS MD FORMER ACTING CEO; PHYSICIAN 50.00
$153,523 $21,518 $175,041
STEPHEN SMITH MD FMR REGIONAL MEDICAL DIR.; PHYSICIAN 50.00
$104,257 $24,555 $128,812
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
2018 $168,149,495 $176,436,084 No data $-8,286,589
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