RELIANT MEDICAL GROUP INC

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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

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

THE MISSION OF RELIANT MEDICAL GROUP IS TO MAXIMIZE THE HEALTH OF OUR PATIENTS AND THE COMMUNITY THROUGH EXPERT MEDICAL CARE, COMPASSION, INNOVATIVE DELIVERY MODELS, MEDICAL RESEARCH AND EDUCATION, AND THE APPROPRIATE USE OF HEALTH CARE RESOURCES.

Program Service Accomplishments

Program 1

Expenses: $168,987,869 Revenue: $167,976,110

STATEMENT 2

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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 (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

Governance

Voting Members

Independent Members

Employees

2650

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

$1,280,779

Total Directors

$1,058,093

Key Employees

Highest Compensated

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