MCLEOD PHYSICIAN ASSOCIATES II (EIN 202935692) - 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

2005

Legal Domicile

Principal Officer

MATTHEW JOHNSON MD

Phone

8437772256

Tax Period

2023-10-01 to 2024-09-30

MCLEOD PHYSICIAN ASSOCIATES II, founded in 2005, is a major nonprofit in the Health Care sector that reported $258.0M in total revenue in fiscal year 2023. Expenses of $351.7M exceeded revenue, resulting in a 36% operating deficit.

Mission

PHYSICIAN SERVICES

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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 $112,538

Program Service Revenue $257,839,709

Investment Income $0

Other Revenue $0

TOTAL REVENUE $257,952,247

Expense Breakdown

Grants Paid $0

Salaries & Benefits $276,924,533

Fundraising Expenses $0

Program Expenses $330,476,352

Other Expenses $74,780,016

TOTAL EXPENSES $351,704,549

Year-over-Year Comparison

	2023	2022	Change
Revenue	$257,952,247	$241,769,548	+0.1%
Expenses	$351,704,549	$323,461,735	+0.1%
Net Income	$-93,752,302	$-81,692,187	+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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

N/A

Employees

2342

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

$3,274,592

Total Directors

$3,274,592

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
S FULTON ERVIN III	CORPORATE SR. VP/CFO	1.00	Officer Director	$0	$129,833	$1,043,133
MATTHEW JOHNSON MD	CORPORATE COO	1.00	Officer Director	$0	$99,955	$980,653
KENNETH D BEASLEY	CEO MPA II/SR VICE PRESIDENT	40.00	Officer Director	$673,749	$93,052	$766,801
MICHAEL E PAYNE	VICE PRESIDENT	39.00	Officer Director	$0	$46,505	$484,005
WILLIAM NASO MD	STAFF PHYSICIAN	40.00	Highest	$1,263,440	$11,297	$1,274,737
PATRICK DENTON MD	STAFF PHYSICIAN	39.00	Highest	$1,897,690	$48,690	$1,946,380
CHRISTOPHER P WALSH MD	STAFF PHYSICIAN	40.00	Highest	$1,460,180	$30,865	$1,491,045
ANIL OM MD	STAFF PHYSICIAN	40.00	Highest	$1,248,837	$34,312	$1,283,149
PRABAL GUHA MD	STAFF PHYSICIAN	40.00	Highest	$1,252,463	$4,001	$1,256,464

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	$257,952,247	$351,704,549	$73,928,533	$-93,752,302
2023	$241,769,548	$323,461,735	$78,735,758	$-81,692,187
2022	$234,225,920	$294,644,963	$57,330,426	$-60,419,043
2021	$170,435,778	$223,425,777	$45,574,121	$-52,989,999
2020	$135,907,322	$199,565,153	$45,047,111	$-63,657,831
2019	$131,693,465	$186,418,657	$45,674,637	$-54,725,192
2018	$133,884,810	$198,521,918	$44,713,165	$-64,637,108

MCLEOD PHYSICIAN ASSOCIATES II