GRIFFIN FACULTY PHYSICIANS INC (EIN 061463147) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1996

Legal Domicile

Principal Officer

PATRICK S CHARMEL

Phone

2037321447

Tax Period

2023-10-01 to 2024-09-30

GRIFFIN FACULTY PHYSICIANS INC, founded in 1996, is a mid-sized nonprofit in the Health Care sector that reported $38.6M in total revenue in fiscal year 2023. Expenses of $51.0M exceeded revenue, resulting in a 32% operating deficit.

Mission

MULTI-SPECIALITY MEDICAL GROUP AFFILIATED WITH GRIFFIN HOSPITAL

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $38,585,993

Investment Income $0

Other Revenue $2,800

TOTAL REVENUE $38,588,793

Expense Breakdown

Grants Paid $0

Salaries & Benefits $37,930,970

Fundraising Expenses $0

Program Expenses $45,754,825

Other Expenses $13,091,711

TOTAL EXPENSES $51,022,681

Year-over-Year Comparison

	2023	2022	Change
Revenue	$38,588,793	$37,907,589	+0.0%
Expenses	$51,022,681	$51,245,477	0.0%
Net Income	$-12,433,888	$-13,337,888	-0.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

N/A

Employees

130

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

$2,382,427

Total Directors

$2,382,427

Key Employees

$434,917

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FREDERICK BROWNE MD	PRESIDENT	40.00	Officer Director	$453,215	$47,176	$500,391
DENISE BARAJAS MD	VICE PRESIDENT	40.00	Officer Director	$361,032	$32,669	$393,701
PATRICK CHARMEL	SECRETARY	3.00	Officer Director	$0	$40,515	$1,010,141
ALEXANDER S BALKO	TREASURER	3.00	Officer Director	$0	$42,212	$478,194
ADAM M DWORKIN	VICE PRESIDENT (LEFT 11/11/23)	40.00	Key Emp	$0	$35,836	$229,129
DEBORAH A HENNESSY	ASSISTANT VP	40.00	Key Emp	$0	$18,689	$205,788
RICHARD P SALZANO JR	PHYSICIAN	40.00	Highest	$508,796	$43,124	$551,920
GRACE A BIGGS MD	PHYSICIAN	40.00	Highest	$658,545	$40,966	$699,511
MARK A MARIEB MD	PHYSICIAN	40.00	Highest	$678,070	$36,949	$715,019
JONATHAN T SIMON	PHYSICIAN	40.00	Highest	$691,794	$30,839	$722,633
SCOTT A VANDER VENNET MD	PHYSICIAN	40.00	Highest	$517,469	$33,022	$550,491

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	$38,588,793	$51,022,681	$14,156,342	$-12,433,888
2023	$37,907,589	$51,245,477	$15,183,798	$-13,337,888
2022	$34,562,008	$45,457,730	$14,312,661	$-10,895,722
2021	$29,375,664	$36,321,621	$13,034,587	$-6,945,957
2020	$22,503,842	$30,330,024	$12,511,656	$-7,826,182
2019	$20,796,034	$26,871,871	$4,342,006	$-6,075,837

GRIFFIN FACULTY PHYSICIANS INC