COASTAL MEDICAL ASSOCIATES 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

1992

Legal Domicile

Principal Officer

STEPHEN JENNEY

Phone

7816248000

Tax Period

2023-10-01 to 2024-09-30

COASTAL MEDICAL ASSOCIATES INC, founded in 1992, is a community nonprofit that reported $2.5M in total revenue in fiscal year 2023. Revenue fell 72% from the prior year — a significant decline worth monitoring.

Mission

NONE

Program Service Accomplishments

Program 1

Expenses: $1,567,052 Revenue: $2,505,559

MEDICAL SPECIALTIES PROGRAMS: PROVIDES SPECIALIZED AMBULATORY MEDICAL CARE, SPECIALTY CARE PHYSICIANS, COORDINATES AND INTEGRATES PHYSICIANS, ADVANCED PRACTICE CLINICIANS, AND RELATED HEALTH CARE...

MEDICAL SPECIALTIES PROGRAMS: PROVIDES SPECIALIZED AMBULATORY MEDICAL CARE, SPECIALTY CARE PHYSICIANS, COORDINATES AND INTEGRATES PHYSICIANS, ADVANCED PRACTICE CLINICIANS, AND RELATED HEALTH CARE SERVICES IN THE BENEFIT AND FURTHERANCE OF THE CHARITABLE PURPOSES OF SOUTH SHORE HOSPITAL, AND ENGAGES IN RESEARCH AND EDUCATION RELATED TO THE ABOVE.

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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 $3,263,449

Investment Income $0

Other Revenue $-751,494

TOTAL REVENUE $2,511,955

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,272,065

Fundraising Expenses $0

Program Expenses $1,567,052

Other Expenses $1,233,494

TOTAL EXPENSES $2,505,559

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,511,955	$8,906,259	-0.7%
Expenses	$2,505,559	$8,906,259	-0.7%
Net Income	$6,396	$0	N/A

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

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

$2,367,972

Total Directors

$2,675,264

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALLEN SMITH MD	PRESIDENT & CEO	1.00	Officer Director	$0	$183,307	$1,446,616
KIMBERLY DEVER MD	DIRECTOR, CHIEF OB/GYN	1.00	Director	$0	$41,762	$831,786
AMANDA MARCHICA DO	DIRECTOR AS OF 10/1/2023	1.00	Director	$0	$31,720	$316,862
BRADFORD SAMPSON	DIRECTOR	1.00	Director	$0	$0	$80,000
PAMELA O'LEARY	CHAIR	1.00	Officer Director	$0	$0	$0
THOMAS MCCARTHY	VICE CHAIR	1.00	Officer Director	$0	$0	$0
ALAN MCKIM	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTOPHER ODDLEIFSON	DIRECTOR THRU 12/31/2023	1.00	Director	$0	$0	$0
ELLEN ESSENFELD	DIRECTOR	1.00	Director	$0	$0	$0
GRACE LEE	DIRECTOR AS OF 10/1/2023	1.00	Director	$0	$0	$0
HELEN GARVEY	DIRECTOR THRU 12/31/2023	1.00	Director	$0	$0	$0
KENNETH QUIGLEY JR	DIRECTOR AS OF 10/1/2023	1.00	Director	$0	$0	$0
MICHAEL SHEEHAN	DIRECTOR	1.00	Director	$0	$0	$0
PAMELA WHELTON	DIRECTOR THRU 12/31/2023	1.00	Director	$0	$0	$0
PAUL WANTANABE PHD	DIRECTOR	1.00	Director	$0	$0	$0
PAULA L BECKER	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH R DRISCOLL ESQ	SECRETARY	1.00	Officer	$0	$36,056	$607,535
STEPHEN JENNEY	CFO & TREAS. AS OF 10/1/23	1.00	Officer	$0	$20,403	$313,821
KATIE WAKELEY MD	PHYSICIAN	40.00	Highest	$616,487	$28,577	$645,064
KATELYN DORNEY MD	PHYSICIAN	40.00	Highest	$455,731	$46,588	$502,319
THOMAS BAER MD	PHYSICIAN	40.00	Highest	$363,117	$25,400	$388,517
THOMAS LYONS MD	PHYSICIAN	40.00	Highest	$356,612	$29,559	$386,171
TYLER SILVERMAN MD	PHYSICIAN	40.00	Highest	$360,105	$16,360	$376,465
JUSTIN CAMPBELL	DIRECTOR THRU 9/30/2023	0.00		$0	$0	$91,600
MICHAEL AYERS MD	DIRECTOR THRU 9/30/2023	1.00		$0	$0	$29,133
KRISTINE HANSCOM CPA MST CGMA	FORMER TREAS. & CFO (THRU 5/31/23)	1.00		$0	$18,546	$926,096

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	$2,511,955	$2,505,559	$853,640	$6,396
2023	$8,906,259	$8,906,259	$3,807,113	No data
2022	$11,743,484	$11,743,484	$6,057,013	No data
2021	$5,719,679	$5,719,679	$4,039,266	No data
2020	$4,973,240	$4,973,240	$9,380,014	No data
2019	$4,539,810	$4,539,810	$4,007,529	No data
2018	$4,273,160	$4,273,160	$3,556,409	No data