RANDOLPH SPECIALTY GROUP PRACTICE

EIN: 113827203 501(c)(3)

ASHEBORO, NC

Total Revenue
$17,445,662
Total Expenses
$20,247,772
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
NC
Principal Officer
LOUIS ROBICHAUX
Phone
3366255151
Tax Period
2020-10-01 to 2021-09-30

RANDOLPH SPECIALTY GROUP PRACTICE, founded in 2007, is a mid-sized nonprofit that reported $17.4M in total revenue in fiscal year 2020. Revenue decreased 16% compared to the prior year. Expenses of $20.2M exceeded revenue, resulting in a 16% operating deficit.

Mission

THE MISSION OF RANDOLPH SPECIALTY GROUP IS TO PROVIDE TIMELY, CONVENIENT ACCESS TO A BROAD RANGE OF QUALITY MEDICAL SERVICES.

Program Service Accomplishments

Program 1
Expenses: $19,845,097 Revenue: $17,445,662

RANDOLPH SPECIALTY GROUP PRACTICE WAS FORMED TO PROMOTE, IMPROVE AND ENHANCE THE QUALITY OF HEALTH CARE SERVICES IN RANDOLPH COUNTY, NC AND SURROUNDING COUNTIES BY PROVIDING PHYSICIANS AND OTHER...

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RANDOLPH SPECIALTY GROUP PRACTICE WAS FORMED TO PROMOTE, IMPROVE AND ENHANCE THE QUALITY OF HEALTH CARE SERVICES IN RANDOLPH COUNTY, NC AND SURROUNDING COUNTIES BY PROVIDING PHYSICIANS AND OTHER MEDICAL SERVICES TO THE COMMUNITY. RANDOLPH ORTHOPEDICS AND SPORTS MEDICINE IS A DIVISION IN RANDOLPH SPECIALTY GROUP (RSG) AND IS HERE TO PROVIDE THE COMMUNITY WITH ORTHOPEDIC CARE. OUR ORTHOPEDIC PHYSICIANS AND SPORTS MEDICINE PHYSICIANS ALL HAVE ADVANCED ORTHOPEDIC TRAINING AND BRING A MODERN, FRESH PERSPECTIVE TO THE TREATMENT OF THE MUSCULOSKELETAL SYSTEM.

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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%)

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Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $17,445,662
Investment Income $0
Other Revenue $0
TOTAL REVENUE $17,445,662

Expense Breakdown

Grants Paid $0
Salaries & Benefits $13,029,607
Fundraising Expenses $0
Program Expenses $19,845,097
Other Expenses $7,218,165
TOTAL EXPENSES $20,247,772

Year-over-Year Comparison

2020 2019 Change
Revenue $17,445,662 $20,702,907 -0.2%
Expenses $20,247,772 $23,734,386 -0.1%
Net Income $-2,802,110 $-3,031,479 -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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Governance

Voting Members
8
Independent Members
3
Employees
229
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
2
$221,286
Total Directors
8
$221,286
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
REYNOLDS LISK JR CHAIRMAN 0.50
Officer Director
$0 $0 $0
ELBERT LASSITER DIRECTOR 0.50
Director
$0 $0 $0
MAC PUGH DIRECTOR 0.50
Director
$0 $0 $0
DR KEUNG LEE PHYSICIAN/BOARD DIRECTOR 40.00
Director
$0 $0 $0
DR PATRICIA VINOCUR PHYSICIAN/BOARD DIRECTOR 40.00
Director
$0 $0 $0
DR CHARLES B WEST PHYSICIAN/BOARD DIRECTOR 40.00
Director
$0 $0 $0
DR JEFFREY YASTE PHYSICIAN/BOARD DIRECTOR 40.00
Director
$0 $0 $0
ROBERT S CLAUSER PRESIDENT 40.00
Officer Director
$0 $15,877 $221,286
DR SHAKEEL DURRANI PHYSICIAN 40.00
Highest
$640,143 $15,877 $656,020
DR BRANDON MA PHYSICIAN 40.00
Highest
$418,296 $15,877 $434,173
SR STEPHEN CAMPBELL PHYSICIAN 40.00
Highest
$349,248 $15,877 $365,125
DR DOUGLAS SCHULTZ PHYSICIAN 40.00
Highest
$318,219 $15,877 $334,096
DR LANCE SISCO PHYSICIAN 40.00
Highest
$269,766 $13,814 $283,580
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
2021 $17,445,662 $20,247,772 No data $-2,802,110
2020 $20,702,907 $23,734,386 $3,673,247 $-3,031,479
2019 $21,096,252 $24,355,545 $3,421,820 $-3,259,293
2018 $19,612,554 $23,237,535 $4,373,403 $-3,624,981
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