PRIMARY CARE DEVELOPMENT CORPORATION (EIN 133711803) - 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

LOUISE COHEN

Phone

2124373940

Tax Period

2024-07-01 to 2025-06-30

PRIMARY CARE DEVELOPMENT CORPORATION, founded in 1993, is a mid-sized nonprofit in the Health Care sector that reported $28.3M in total revenue in fiscal year 2024. Revenue surged 115% from the prior year, signaling strong growth momentum. The organization ran a surplus of $15.6M, a strong 55% operating margin.

Mission

SINCE 1993, PRIMARY CARE DEVELOPMENT CORPORATION (PCDC) SUPPORTS HEALTHY, THRIVING COMMUNITIES ACROSS THE COUNTRY THROUGH PRIMARY CARE INVESTMENT, EXPERTISE, AND ADVOCACY. WE IMPROVE AND EXPAND ACCESS TO PRIMARY CARE, DELIVERING EVIDENCE-BASED SOLUTIONS AND INCREASING ACCESS TO CARE FOR PEOPLE WHO NEED IT MOST.

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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 (2024)

Revenue Breakdown

Contributions & Grants $16,673,455

Program Service Revenue $10,141,912

Investment Income $1,474,203

Other Revenue $-12,096

TOTAL REVENUE $28,277,474

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,576,198

Fundraising Expenses $40,319

Program Expenses $9,471,496

Other Expenses $5,131,204

TOTAL EXPENSES $12,707,402

Year-over-Year Comparison

	2024	2023	Change
Revenue	$28,277,474	$13,180,974	+1.1%
Expenses	$12,707,402	$14,717,880	-0.1%
Net Income	$15,570,072	$-1,536,906	-11.1%

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

Employees

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

$696,869

Total Directors

Key Employees

$1,122,695

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
YVETTE P TEOFAN	CHAIR	1.00	Officer Director	$0	$0	$0
CAROL RAPHAEL	VICE CHAIR	1.00	Officer Director	$0	$0	$0
SCOTT MORGAN	TREASURER	1.00	Officer Director	$0	$0	$0
JOHN RUGGE	SECRETARY	1.00	Officer Director	$0	$0	$0
CYRUS BATHEJA	BOARD MEMBER	1.00	Director	$0	$0	$0
DUDLEY BENOIT	BOARD MEMBER	1.00	Director	$0	$0	$0
ALAN BRANSON	BOARD MEMBER	1.00	Director	$0	$0	$0
PABLO BRAVO	BOARD MEMBER	1.00	Director	$0	$0	$0
JONATHAN CHAMPMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
GERRELDA DAVIS	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN HOLDSCLAW	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRISTOPHER KOLLER	BOARD MEMBER	1.00	Director	$0	$0	$0
HELEN ARTEAGA LANDAVERDE	BOARD MEMBER	1.00	Director	$0	$0	$0
DIANA MASON	BOARD MEMBER	1.00	Director	$0	$0	$0
JORGE R PETIT	BOARD MEMBER	1.00	Director	$0	$0	$0
WHITNEY PHELPS	BOARD MEMBER	1.00	Director	$0	$0	$0
LORI SCOTT	BOARD MEMBER	1.00	Director	$0	$0	$0
MATT SIEGLER	BOARD MEMBER	1.00	Director	$0	$0	$0
TERRIE STERLING	BOARD MEMBER	1.00	Director	$0	$0	$0
UDAI TAMBAR	BOARD MEMBER	1.00	Director	$0	$0	$0
MARLENE ZURACK	BOARD MEMBER	1.00	Director	$0	$0	$0
LOUISE COHEN	CEO	40.00	Officer	$403,353	$20,537	$423,890
ASSUNTA ROSA	INTERIM CFO THRU AUG. 2024	40.00	Officer	$157,008	$8,414	$165,422
ANA PRADO-SANCHO	CFO AS OF JULY 2024	40.00	Officer	$96,786	$10,771	$107,557
CYNTHIA SUMMERS	MANAGING DIR SPA THRU NOV. 2024	40.00	Key Emp	$248,593	$18,308	$266,901
ISAAC KASTENBAUM	VP CQP	40.00	Key Emp	$245,679	$71,597	$317,276
WILLIAM O'BRIEN	CHIEF LENDING OFFICER	40.00	Key Emp	$265,893	$52,113	$318,006
ANNE GEGGIE	SR. DIR., PORTFOLIO MANAGEMENT	40.00	Key Emp	$192,809	$27,703	$220,512
NANCY LAGER	DIR, CAPITAL INVESTMENT	40.00	Highest	$214,138	$30,946	$245,084
JULIE SCHILZ	SENIOR DIRECTOR	40.00	Highest	$211,979	$11,952	$223,931
CHRISTINA LINDSTROM	DIR. OF ADMINISTRATION	40.00	Highest	$207,771	$12,090	$219,861
SHUK HAN LEUNG	SR. DIR. OF FINANCE	40.00	Highest	$192,239	$45,475	$237,714
SHEREEN SANTALESA	HUMAN RESOURCES DIRECTOR	40.00	Highest	$170,345	$11,831	$182,176

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
2025	$28,277,474	$12,707,402	$170,477,187	$15,570,072
2024	$13,180,974	$14,717,880	$148,220,209	$-1,536,906
2023	$14,158,594	$15,202,525	$142,976,892	$-1,043,931
2022	$17,167,926	$12,753,321	$131,968,263	$4,414,605
2021	$23,704,901	$11,667,293	$129,317,637	$12,037,608
2020	$14,220,492	$13,930,023	$100,477,628	$290,469
2019	$13,952,236	$11,573,611	$93,930,403	$2,378,625
2018	$13,245,098	$11,202,974	$87,991,929	$2,042,124
2018	$13,245,098	$11,243,219	$87,991,929	$2,001,879

PRIMARY CARE DEVELOPMENT CORPORATION