Western Mass Physician Associates Inc (EIN 043202198) - 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

1993

Legal Domicile

Principal Officer

Garry M Bombardier MD

Phone

4135342667

Tax Period

2023-10-01 to 2024-09-30

Western Mass Physician Associates Inc, founded in 1993, is a community nonprofit in the Health Care sector that reported $9.3M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $10.3M exceeded revenue, resulting in a 11% operating deficit.

Mission

To provide Pediatrics, Internal Medicine, and other healthcare services to residents of Holyoke, Massachusetts and the surrounding communities.

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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 $9,323,969

Investment Income $0

Other Revenue $0

TOTAL REVENUE $9,323,969

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,640,483

Fundraising Expenses $0

Program Expenses $9,115,165

Other Expenses $2,696,190

TOTAL EXPENSES $10,336,673

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,323,969	$8,476,025	+0.1%
Expenses	$10,336,673	$9,615,279	+0.1%
Net Income	$-1,012,704	$-1,139,254	-0.1%

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

N/A

Employees

123

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

$1,610,362

Total Directors

$2,735,548

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Carl Cameron	Director	0.50	Director	$0	$44,757	$523,264
Marcel Moniz	Director	0.50	Director	$0	$29,315	$234,231
Kartik Viswanathan MD	Director/Medical Director	50.00	Director	$342,450	$25,241	$367,691
Garry Bombardier MD	President of Board	50.00	Officer Director	$12,693	$7,607	$213,439
Spiridon E Hatiras	President & CEO, Clerk	1.00	Officer Director	$0	$76,706	$996,930
Dean Vitarisi	Treasurer & CFO	1.00	Officer Director	$0	$48,263	$399,993
Joanna Cichon MD	Internist	50.00	Highest	$278,300	$17,629	$295,929
Lorenver O Po MD	Internist	50.00	Highest	$295,114	$24,825	$319,939
Beth Brown MD	Pediatrician	50.00	Highest	$245,439	$5,325	$250,764
Thomas Graziano MD	Internist	50.00	Highest	$205,926	$20,916	$226,842
Ana Roca Mattei MD	Internist	50.00	Highest	$203,261	$10,861	$214,122

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	$9,323,969	$10,336,673	$3,805,544	$-1,012,704
2023	$8,476,025	$9,615,279	$4,125,027	$-1,139,254
2022	$7,668,320	$9,093,379	$3,162,857	$-1,425,059
2021	$7,001,256	$8,604,079	$1,764,527	$-1,602,823
2020	$8,867,504	$13,379,872	$958,868	$-4,512,368
2019	$9,859,104	$14,153,920	$870,241	$-4,294,816
2018	$8,799,235	$12,939,868	$686,261	$-4,140,633

Western Mass Physician Associates Inc