MERIDIAN MEDICAL GROUP-SPECIALTY CAREPC (EIN 141981647) - 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

2006

Legal Domicile

Principal Officer

DANIEL VARGA MD

Phone

9086756572

Tax Period

2023-01-01 to 2023-12-31

MERIDIAN MEDICAL GROUP-SPECIALTY CAREPC, founded in 2006, is a micro nonprofit in the Health Care sector that reported $19K in total revenue in fiscal year 2023. Revenue fell 100% from the prior year — a significant decline worth monitoring. Expenses of $16K left a modest 14% surplus.

Mission

THE CORPORATION WILL FURTHER THE CHARITABLE AND HEALTHCARE PURPOSES OF HACKENSACK MERIDIAN HEALTH, INC. AND ITS INTERNAL REVENUE CODE 501(C)(3) TAX-EXEMPT AFFILIATES.

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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 $18,755

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $18,755

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $16,138

TOTAL EXPENSES $16,138

Year-over-Year Comparison

	2023	2022	Change
Revenue	$18,755	$149,044,253	-1.0%
Expenses	$16,138	$149,044,253	-1.0%
Net Income	$2,617	$0	N/A

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

N/A

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

$3,233,503

Total Directors

$3,233,503

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIEL VARGA	CHIEF PHYSICIAN EXECUTIVE	2.50	Officer Director	$0	$55,669	$1,946,588
JAMES CLARKE MD	VICE PRESIDENT & SECRETARY	55.00	Officer Director	$0	$44,418	$1,237,100
JOSEPH REICHMAN MD	PRESIDENT & TREASURER (TERMED 2/2/23)	2.50	Officer Director	$0	$0	$49,815

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	No data	No data	No data	No data
2023	$18,755	$16,138	$7,451,401	$2,617
2022	$149,044,253	$149,044,253	$72,476,439	No data
2021	$139,236,073	$139,236,074	$18,085,134	$-1
2020	$126,369,811	$126,369,811	$10,369,653	No data
2019	$128,597,591	$128,592,791	$8,506,030	$4,800
2018	$115,868,513	$115,868,513	$17,970,770	No data

MERIDIAN MEDICAL GROUP-SPECIALTY CAREPC