TUFTS MEDICAL CENTER PHYSICIANS ORGANIZATION INC (EIN 043044706) - Form 990 Financial Analysis & Trantor Score

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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

1992

Legal Domicile

Principal Officer

ERIKA WERNER MD

Phone

6176365000

Tax Period

2023-10-01 to 2024-09-30

TUFTS MEDICAL CENTER PHYSICIANS ORGANIZATION INC, founded in 1992, is a mid-sized nonprofit in the Health Care sector that reported $26.8M in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year. Expenses of $51.0M exceeded revenue, resulting in a 90% operating deficit.

Mission

THE TUFTS MEDICAL CENTER PHYSICIANS ORGANIZATION, INC. COORDINATES THE ADMINISTRATIVE AND BILLING ACTIVITIES FOR THE GROUP PRACTICES IN THEIR MISSION OF PROVIDING QUALITY HEALTH CARE SERVICES TO PATIENTS OF TUFTS MEDICAL CENTER, INC. AND TO THE RESIDENTS OF THE COMMUNITIES IT SERVES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $26,759,968

Investment Income $56,825

Other Revenue $0

TOTAL REVENUE $26,816,793

Expense Breakdown

Grants Paid $0

Salaries & Benefits $29,889,841

Fundraising Expenses $0

Program Expenses $46,834,699

Other Expenses $21,097,421

TOTAL EXPENSES $50,987,262

Year-over-Year Comparison

	2023	2022	Change
Revenue	$26,816,793	$30,625,016	-0.1%
Expenses	$50,987,262	$49,269,002	+0.0%
Net Income	$-24,170,469	$-18,643,986	+0.3%

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

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

$2,124,778

Total Directors

$7,723,410

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GEOFFREY BINNEY MD	DIRECTOR	2.00	Director	$0	$0	$0
CHARLES CASSIDY MD	DIRECTOR (UNTIL 9/24)	2.00	Director	$0	$57,687	$1,145,883
KAREN FREUND MD	DIRECTOR	2.00	Director	$0	$57,687	$652,575
SUSAN GREEN	DIRECTOR (UNTIL 12/23)	2.00	Director	$0	$38,808	$1,085,892
CAREY KIMMELSTIEL MD	DIRECTOR	2.00	Director	$0	$57,146	$596,849
DALLAS REED MD	DIRECTOR	2.00	Director	$0	$50,401	$353,177
REGINA ROCKEFELLER ESQ	DIRECTOR	1.00	Director	$0	$0	$0
JEAN RUSSELL	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL TARNOFF MD	DIRECTOR (UNTIL 3/24)	2.00	Director	$0	$196,769	$1,390,602
EMILY YOUNG	DIRECTOR	2.00	Director	$0	$100,550	$636,096
HELEN BOUCHER MD	CHARIMAN	2.00	Officer Director	$0	$0	$0
ERIKA WERNER MD	PRESIDENT, CEO	2.00	Officer Director	$0	$34,407	$724,834
PHIL OKALA	DIRECTOR	2.00	Director	$0	$16,258	$1,137,502
ASSAD SIDDIQI	TREASURER/CFO (UNTIL 7/24)	2.00	Officer	$0	$67,900	$507,712
LAUREN RIPLEY	SECRETARY, CLERK	38.00	Officer	$0	$12,727	$222,820
ANDREW DEVOE	TREASURER, CFO	2.00	Officer	$0	$0	$0
ZACHARY REDMOND	SECRETARY, CLERK	2.00	Officer	$0	$70,149	$669,412
PETER NEUMANN	RESEARCHER	40.00	Highest	$331,195	$57,419	$388,614
PAOLA SEBASTIANI MD	RESEARCHER	40.00	Highest	$252,417	$34,716	$287,133
PABLO ARGUESO MD	RESEARCHER	40.00	Highest	$271,876	$24,317	$296,193
CHLOE BIRD	RESEARCHER	40.00	Highest	$274,442	$8,920	$283,362
GIGI HIRSCH	RESEARCHER	40.00	Highest	$274,685	$9,246	$283,931
PAUL SUMMERGRAD MD	FORMER DIRECTOR	2.00		$0	$57,022	$417,694
DEEB N SALEM MD	FORMER DIRECTOR	0.00		$0	$27,646	$201,758
CRAIG BEST MD	FORMER DIRECTOR	0.00		$0	$0	$188,461

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	$26,816,793	$50,987,262	$225,950,359	$-24,170,469
2023	$30,625,016	$49,269,002	$173,305,984	$-18,643,986
2022	$35,832,949	$28,504,901	$136,730,697	$7,328,048
2021	$28,047,650	$20,492,874	$107,614,796	$7,554,776
2020	$33,874,460	$20,114,706	$39,489,684	$13,759,754
2019	$18,905,536	$15,152,180	$27,544,797	$3,753,356
2018	$18,858,533	$20,775,721	$42,740,436	$-1,917,188

TUFTS MEDICAL CENTER PHYSICIANS ORGANIZATION INC