ST JOSEPH PHYSICIAN ASSOCIATES

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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

MONTE BOSTWICK

Phone

9797763777

Tax Period

2024-07-01 to 2025-06-30

ST JOSEPH PHYSICIAN ASSOCIATES, founded in 2005, is a mid-sized nonprofit in the Health Care sector that reported $43.6M in total revenue in fiscal year 2024. Expenses of $48.2M exceeded revenue, resulting in a 10% operating deficit.

Mission

AS AN AFFILIATE OF COMMONSPIRIT HEALTH, WE MAKE THE HEALING PRESENCE OF GOD KNOWN IN OUR WORLD BY IMPROVING THE HEALTH OF THE PEOPLE WE SERVE, ESPECIALLY THOSE WHO ARE VULNERABLE, WHILE WE ADVANCE SOCIAL JUSTICE FOR ALL.

Program Service Accomplishments

Program 1

Expenses: $45,458,032 Revenue: $43,629,132

SJPA WAS CREATED TO FIND A DIFFERENT WAY TO DELIVER CARE IN A FULLY INTEGRATED APPROACH, ONE THAT INCLUDES PHYSICIANS AND HOSPITALS. THE INTEGRATED MODEL THAT ALIGNS PHYSICIANS AND HOSPITALS THROUGH EMPLOYMENT CAN REDUCE THE COST OF CARE AND ACTUALLY HELP MAKE SURE PATIENTS ARE GETTING EXACTLY THE CARE THEY NEED. THE EMPLOYED MODEL ALLOWS PHYSICIANS TO FOCUS ON THE CLINICAL REALM AND LESS ON THE BUSINESS PORTION OF MEDICINE. ULTIMATELY, SJPA IS ABOUT HELPING PEOPLE FIND A MEDICAL HOME FOR THEIR HEALTH CARE AND THEN GETTING PEOPLE THE RIGHT CARE AT THE RIGHT TIME IN THE RIGHT PLACE.

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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 $0

Program Service Revenue $43,629,132

Investment Income $0

Other Revenue $0

TOTAL REVENUE $43,629,132

Expense Breakdown

Grants Paid $0

Salaries & Benefits $43,168,893

Fundraising Expenses $0

Program Expenses $45,458,032

Other Expenses $5,019,736

TOTAL EXPENSES $48,188,629

Year-over-Year Comparison

	2024	2023	Change
Revenue	$43,629,132	$44,960,312	0.0%
Expenses	$48,188,629	$50,490,873	0.0%
Net Income	$-4,559,497	$-5,530,561	-0.2%

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

117

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

$3,575,960

Total Directors

$8,265,183

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES SMITH MD	CARDIOTHORACIC SURGEON	50.00	Highest	$1,301,842	$49,925	$1,351,767
MONTE BOSTWICK	MARKET PRESIDENT	1.00	Officer Director	$0	$75,491	$1,051,092
JUSTIN BRAZEAL MD	ORTHOPEDIST GENERAL	50.00	Highest	$959,513	$50,758	$1,010,271
KIM SHAW	CEO & PRESIDENT (THRU 2/7/25)	1.00	Officer Director	$0	$91,555	$988,635
RODRIGO CAMPANA MD	CARDIOTHORACIC SURGEON	50.00	Highest	$884,100	$38,684	$922,784
KATHY RAVANBAKHSH DO	BOARD MEMBER/PHYSICIAN	50.00	Director	$859,001	$50,899	$909,900
SCOTT SPENCER MD	BOARD MEMBER/PHYSICIAN	50.00	Director	$851,560	$49,333	$900,893
TYLER SPATA MD	CARDIOTHORACIC SURGEON	50.00	Highest	$853,393	$31,037	$884,430
ROBIN BHAVSAR MD	UROLOGIST	50.00	Highest	$799,904	$50,643	$850,547
BRYAN PARRENT MD	BOARD MEMBER/PHYSICIAN	50.00	Director	$735,301	$50,733	$786,034
CLINT CHENG MD	CHAIR/PHYSICIAN	50.00	Officer Director	$626,069	$53,344	$679,413
DAVID DAMIAN MD	BOARD MEMBER/PHYSICIAN	50.00	Director	$559,069	$30,246	$589,315
DAVID KUMAR MD	BOARD MEMBER/PHYSICIAN	50.00	Director	$484,998	$47,978	$532,976
THERESA KRAUSE MD	BOARD MEMBER/PHYSICIAN	50.00	Director	$482,164	$48,737	$530,901
THOMAS CAMPBELL MD	BOARD MEMBER/PHYSICIAN	50.00	Director	$428,497	$50,183	$478,680
KELLY MCDONALD MD	VICE CHAIR/PHYSICIAN	50.00	Officer Director	$423,729	$17,105	$440,834
KEVIN WALTERS	MARKET VP FINANCE	1.00	Officer	$0	$58,197	$415,986
SYBIL TAQUET MD	BOARD MEMBER/PHYSICIAN	50.00	Director	$332,405	$44,105	$376,510
LAURA SURVANT	FORMER OFFICER	0.00		$0	$24,540	$256,722
KIA PARSI MD	FORMER OFFICER/PHYSICIAN	50.00		$170,111	$34	$170,145

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	$43,629,132	$48,188,629	$1,321,150	$-4,559,497
2024	$44,960,312	$50,490,873	$1,636,342	$-5,530,561
2023	$48,603,412	$54,537,307	$1,633,380	$-5,933,895
2022	$47,841,340	$50,248,376	$1,480,889	$-2,407,036
2021	$42,860,860	$43,325,466	$5,477,758	$-464,606
2020	$39,969,477	$40,183,351	$5,199,606	$-213,874
2019	$36,590,604	$36,871,610	$2,214,487	$-281,006
2018	$34,113,521	$34,822,601	$849,123	$-709,080