HACKENSACK MERIDIAN HEALTH MEDICAL GROUP-PRIMARY CARE PC (EIN 141981653) - 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

Phone

9086756572

Tax Period

2023-01-01 to 2023-12-31

HACKENSACK MERIDIAN HEALTH MEDICAL GROUP-PRIMARY CARE PC, founded in 2006, is a major nonprofit in the Health Care sector that reported $183.6M in total revenue in fiscal year 2023. Revenue surged 142% from the prior year, signaling strong growth momentum.

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 $60,238,192

Program Service Revenue $123,334,275

Investment Income $38,989

Other Revenue $0

TOTAL REVENUE $183,611,456

Expense Breakdown

Grants Paid $0

Salaries & Benefits $113,441,399

Fundraising Expenses $0

Program Expenses $174,859,136

Other Expenses $70,175,778

TOTAL EXPENSES $183,617,177

Year-over-Year Comparison

	2023	2022	Change
Revenue	$183,611,456	$75,838,253	+1.4%
Expenses	$183,617,177	$75,838,253	+1.4%
Net Income	$-5,721	$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

243

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

$1,946,588

Total Directors

$1,946,588

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
ALEX YOUNG	PHYSICIAN	55.00	Highest	$1,157,343	$17,049	$1,174,392
ARIF ASIF	PHYSICIAN	55.00	Highest	$830,077	$42,919	$872,996
JEREMIAH KURZ	PHYSICIAN	55.00	Highest	$728,239	$56,930	$785,169
JAVED YOUSAF	PHYSICIAN	55.00	Highest	$586,308	$45,212	$631,520
SCOTT DRUCKMAN	PHYSICIAN	55.00	Highest	$478,530	$60,260	$538,790

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	$183,611,456	$183,617,177	$25,241,547	$-5,721
2022	$75,838,253	$75,838,253	$30,513,169	No data
2021	$56,673,010	$56,673,010	$11,326,813	No data
2020	$62,813,457	$62,813,457	$6,579,655	No data
2019	$61,775,292	$61,775,292	$3,190,922	No data
2018	$56,221,071	$56,221,071	$6,924,060	No data

HACKENSACK MERIDIAN HEALTH MEDICAL GROUP-PRIMARY CARE PC