SEACOAST AFFILIATED GROUP PRACTICE INC (EIN 043485648) - 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

1999

Legal Domicile

Principal Officer

KEVIN TABB MD

Phone

9784631000

Tax Period

2023-10-01 to 2024-09-30

SEACOAST AFFILIATED GROUP PRACTICE INC, founded in 1999, is a mid-sized nonprofit in the Health Care sector that reported $13.2M in total revenue in fiscal year 2023. Expenses of $20.6M exceeded revenue, resulting in a 56% operating deficit.

Mission

SEACOAST AFFILIATED GROUP PRACTICE (SAGP) IS A NETWORK OF COMMUNITY-BASED PHYSICIANS AFFILIATED WITH ANNA JAQUES HOSPITAL (AJH OR HOSPITAL). THESE PRACTICES ARE COMMITTED TO IMPROVING THE HEALTH OF THE COMMUNITIES SERVED BY AJH AND SAGP BY PROVIDING HIGH QUALITY, PERSONALIZED HEALTH CARE WITH COMPASSION, DIGNITY AND RESPECT FOR PATIENT RIGHTS IN A COST EFFECTIVE AND SAFE ENVIRONMENT. SAGP IS DEDICATED TO PROVIDING CARE TO PATIENTS IN THE COMMUNITIES WHERE THEY LIVE AND WORK, REGARDLESS OF THEIR RACE, COLOR, RELIGION, SEX, NATIONAL ORIGIN, ANCESTRY, AGE, OR DISABILITY.

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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 $13,200,477

Investment Income $0

Other Revenue $25,429

TOTAL REVENUE $13,225,906

Expense Breakdown

Grants Paid $0

Salaries & Benefits $15,237,355

Fundraising Expenses $0

Program Expenses $20,611,843

Other Expenses $5,374,726

TOTAL EXPENSES $20,612,081

Year-over-Year Comparison

	2023	2022	Change
Revenue	$13,225,906	$12,964,151	+0.0%
Expenses	$20,612,081	$17,973,563	+0.1%
Net Income	$-7,386,175	$-5,009,412	+0.5%

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

144

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

$10,027,989

Total Directors

$9,174,319

Key Employees

$616,092

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROWAN MICHAEL	TTEE(CEO DESIG) EVP HOS&AMBSVCS BILH	1.00	Director	$0	$2,401,778	$4,703,895
SHORETT PETER	TTEE (SR EXECUTIVE VP & COO, BILH)	1.00	Director	$0	$48,246	$1,607,722
NASEER-GHIASUDDIN MD SAIRA	TTEE; PHYSICIAN, INTERNAL MEDICINE	55.00	Director	$1,038,362	$47,918	$1,086,280
PURSLEY MD DEWAYNE M	TTEE; (NEONAT CHIEF BIDMC/CHR HMFP)	1.00	Director	$0	$94,138	$856,000
FOCHT MD GLENN	PRESIDENT & TRUSTEE (EX-OFFICIO)	1.00	Officer Director	$0	$10,118	$550,717
KERR-FERNANDEZ MD JANE	TRUSTEE (PRES, AJH MEDICAL STAFF)	55.00	Director	$324,728	$44,977	$369,705
CONNOLLY ESQ GRACE GONZALEZ	TRUSTEE & CHAIR	1.00	Officer Director	$0	$0	$0
TRIM JEAN	TRUSTEE AND VICE CHAIR	1.00	Officer Director	$0	$0	$0
ALLARD NATE	TRUSTEE	1.00	Director	$0	$0	$0
BOUTON PHD CHRISTOPHER	TRUSTEE	1.00	Director	$0	$0	$0
CANNON PATRICIA	TRUSTEE	1.00	Director	$0	$0	$0
CLANCY MARY ANNE	TRUSTEE	1.00	Director	$0	$0	$0
COSTELLO MICHAEL	TRUSTEE	1.00	Director	$0	$0	$0
COUSINS JR FRANK G	TRUSTEE	1.00	Director	$0	$0	$0
CUSTODIA-LORA NOEMI	TRUSTEE	1.00	Director	$0	$0	$0
FELTER TIMOTHY	TRUSTEE	1.00	Director	$0	$0	$0
FUNG MD CLAIRE	TRUSTEE	1.00	Director	$0	$0	$0
GHIASUDDIN MD SALMAN	TTEE; CARDIO/DIR CARDIAC CATH LAB	1.00	Director	$0	$0	$0
KHATIB MATT	TRUSTEE	1.00	Director	$0	$0	$0
LINDNER CHRISTOPHER	TRUSTEE	1.00	Director	$0	$0	$0
NADEAU NICOLE	TRUSTEE	1.00	Director	$0	$0	$0
PIENIAZEK MATT	TRUSTEE	1.00	Director	$0	$0	$0
PURINTON ELIZABETH	TRUSTEE	1.00	Director	$0	$0	$0
SEYMOUR MD PETER	TRUSTEE	1.00	Director	$0	$0	$0
SHENK III WILBUR	TRUSTEE	1.00	Director	$0	$0	$0
TARKAN MD JOSHUA	TRUSTEE (PRESIDENT, MEDICAL STAFF)	1.00	Director	$0	$0	$0
WILEY MARGARET	TRUSTEE	1.00	Director	$0	$0	$0
TABB MD KEVIN	CHIEF EXECUTIVE OFFICER (CEO, BILH)	1.00	Officer	$0	$1,097,028	$5,410,415
RIOS CINDY	TREAS (EXECUTIVE VP & CFO, BILH)	1.00	Officer	$0	$217,736	$1,689,163
KATZ ESQ JAMIE	CLERK; GENERAL COUNSEL, BILH	1.00	Officer	$0	$32,002	$1,302,177
BOYD ESQ STEPHEN	ASST CLERK (DIV VP DEP GC COMM BILH)	1.00	Officer	$0	$15,921	$329,981
MATLOCK JOHN	ASST TREAS (EX-OFF) (CFO, AJH)	1.00	Officer	$0	$10,813	$246,775
MULKERN NICOLE	ASST TREAS (EXO) (INT ASST CFO, AJH)	1.00	Officer	$0	$16,222	$180,560
KIM ESQ GRACE	ASST CLERK (ASST GEN COUNSEL, BILH)	1.00	Officer	$0	$14,808	$178,380
BEAUMIER MBACPAMHA GREGORY	ASST TREAS & CHIEF FINANCIAL OFFICER	1.00	Officer	$0	$12,239	$139,821
ROBERTSON MPH CATHARINE	VICE PRESIDENT, OPERATIONS	1.00	Key Emp	$0	$40,084	$367,767
BUGALLO-MUROS MARIANA	INTERIM VP, HR BUSINESS PARTNER	1.00	Key Emp	$0	$0	$248,325
MATTHEWS DO BRETT	GENERAL SURGEON	55.00	Highest	$470,165	$41,934	$512,099
THURLOW MD JEFFREY	GENERAL SURGEON	55.00	Highest	$450,077	$33,631	$483,708
HARTMANN MD PETER	GENERAL AND BREAST SURGEON	55.00	Highest	$437,497	$33,680	$471,177
KERSTEN DO KIMBERLY	PHYSICIAN, INTERNAL MEDICINE	55.00	Highest	$405,808	$46,351	$452,159
CRUZ-GONZALEZ MD IRMA	GASTROENTEROLOGIST	55.00	Highest	$400,969	$10,075	$411,044
GOLDSTEIN MARK	FORMER PRESIDENT AND TRUSTEE	0.00		$0	$207,395	$859,827
BRICKMAN JEFFREY L	FRMR INTERIM PRES AND TTEE (EX-OFF)	0.00		$0	$0	$358,391
SOLDANO JOSEPH	FRMR CO-INT CFO; DIR, FIN PLANNING	0.00		$0	$39,230	$227,271
CROWLEY SMITH JOANNE	FRMR INTERIM VP, HR BUSINESS PARTNER	0.00		$0	$53,779	$431,568

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	$13,225,906	$20,612,081	$3,256,596	$-7,386,175
2023	$12,964,151	$17,973,563	$4,360,945	$-5,009,412
2022	$12,850,088	$16,618,994	$2,593,397	$-3,768,906
2021	$14,669,644	$16,285,924	$3,219,940	$-1,616,280
2020	$13,758,605	$17,514,476	$3,547,875	$-3,755,871
2019	$16,591,298	$19,416,866	$3,301,892	$-2,825,568
2018	$16,421,698	$18,619,664	$3,903,759	$-2,197,966

SEACOAST AFFILIATED GROUP PRACTICE INC