NORTHEAST MEDICAL GROUP INC (EIN 061330992) - 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

1991

Legal Domicile

Principal Officer

GAIL KOSYLA

Phone

2036882603

Tax Period

2023-10-01 to 2024-09-30

NORTHEAST MEDICAL GROUP INC, founded in 1991, is a major nonprofit that reported $647.0M in total revenue in fiscal year 2023.

Mission

TO RENDER AND PROMOTE A HIGH QUALITY OF MEDICAL CARE SERVICES.

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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 $646,012,700

Investment Income $929,964

Other Revenue $38,442

TOTAL REVENUE $646,981,106

Expense Breakdown

Grants Paid $0

Salaries & Benefits $417,551,398

Fundraising Expenses $0

Program Expenses $569,592,564

Other Expenses $225,939,724

TOTAL EXPENSES $643,491,122

Year-over-Year Comparison

	2023	2022	Change
Revenue	$646,981,106	$622,038,542	+0.0%
Expenses	$643,491,122	$618,960,667	+0.0%
Net Income	$3,489,984	$3,077,875	+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

2963

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

$5,483,936

Total Directors

$5,614,233

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAMELA SUTTON-WALLACE	SECRETARY/TRUSTEE	1.00	Officer Director	$0	$582,147	$2,254,273
THOMAS BALCEZAK	TRUSTEE (CURRENT YR COMP)	1.00	Director	$0	$534,358	$2,171,362
THOMAS BALCEZAK	TRUSTEE (VESTED DEFERRED)	1.00	Director	$0	$0	$167,594
AMIT KHANNA	PHYSICIAN	40.00	Highest	$932,390	$49,801	$982,191
GAIL KOSYLA	TREASURER	1.00	Officer	$0	$407,968	$1,543,615
AMIT LAHAV	PHYSICIAN	40.00	Highest	$2,041,678	$50,119	$2,091,797
MICHAEL GAZES	PHYSICIAN	40.00	Highest	$1,491,101	$52,432	$1,543,533
WILLIAM ASELTYNE	ASSOC SEC (CURRENT YR COMP)	1.00	Officer	$0	$193,425	$1,450,910
WILLIAM ASELTYNE	ASSOC SEC (VESTED DEFERRED)	1.00	Officer	$0	$0	$235,138
STEVEN KARDOS	PHYSICIAN	40.00	Highest	$1,205,421	$52,707	$1,258,128
DAVID BRILL	PHYSICIAN	40.00	Highest	$1,004,042	$44,870	$1,048,912
RICHARD GOLDSTEIN	TRUSTEESVP PHYSICIAN ENT, TRUSTEE	39.00	Director	$872,129	$148,875	$1,021,004
PATRICK GREEN	FORMER TRUSTEE (CURRENT YR COMP)	0.00		$0	$219,082	$835,885
PATRICK GREEN	FORMER TRUSTEE (VESTED DEFERRED)	0.00		$0	$0	$157,810
JENNIFER WILLCOX	FORMER OFFICER	0.00		$0	$0	$192,254
MARGARET MCGOVERN	PRESIDENT/TRUSTEE	1.00	Officer Director	$0	$0	$0

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	$646,981,106	$643,491,122	$117,817,471	$3,489,984
2023	$622,038,542	$618,960,667	$125,917,200	$3,077,875
2022	$560,798,299	$557,921,895	$125,847,440	$2,876,404
2021	$520,118,804	$510,651,510	$99,889,150	$9,467,294
2020	$477,080,452	$482,197,487	$125,652,099	$-5,117,035
2019	$464,492,160	$452,100,930	$73,156,354	$12,391,230
2018	$422,633,292	$415,043,734	$55,247,447	$7,589,558

NORTHEAST MEDICAL GROUP INC