ADVENTIST PHYSICIAN SERVICES INC

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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

JOHN SACKETT

Phone

3013153030

Tax Period

2023-01-01 to 2023-12-31

ADVENTIST PHYSICIAN SERVICES INC, founded in 2006, is a mid-sized nonprofit that reported $29.4M in total revenue in fiscal year 2023. Expenses of $47.6M exceeded revenue, resulting in a 62% operating deficit.

Mission

WE EXTEND GOD'S CARE THROUGH THE MINISTRY OF PHYSICAL, MENTAL AND SPIRITUAL HEALING.

Program Service Accomplishments

Program 1

Expenses: $42,153,831 Revenue: $29,427,371

ADVENTIST PHYSICIAN SERVICES, INC. D/B/A ADVENTIST HEALTHCARE ADVENTIST MEDICAL GROUP (ADVENTIST MEDICAL GROUP) IS A PREMIER, MULTI-SPECIALTY PHYSICIAN ORGANIZATION COMMITTED TO PROVIDING HIGH...

ADVENTIST PHYSICIAN SERVICES, INC. D/B/A ADVENTIST HEALTHCARE ADVENTIST MEDICAL GROUP (ADVENTIST MEDICAL GROUP) IS A PREMIER, MULTI-SPECIALTY PHYSICIAN ORGANIZATION COMMITTED TO PROVIDING HIGH QUALITY CARE TO PATIENTS. FOUNDED IN 2006, WE ARE AN INDEPENDENT NOT-FOR-PROFIT ORGANIZATION.TODAY ADVENTIST PHYSICIAN SERVICES (APS) OPERATES UNDER THE NAME ADVENTIST MEDICAL GROUP (AMG). IT EMPLOYS ABOUT 50 COMMUNITY PHYSICIANS IN A VARIETY OF PRIMARY CARE AND MEDICAL SPECIALTIES IN THE AREAS OF BEHAVIORAL HEALTH, CARDIOLOGY, GENERAL SURGERY, AND INFECTIOUS DISEASE AND GYNECOLOGY SURGERY TO SERVE ADVENTIST HEALTHCARE'S COMMUNITIES IN ....CONTINUES ON SCHEDULE O.MONTGOMERY, FREDERICK, AND PRINCE GEORGE'S COUNTIES IN MARYLAND. AMG PROVIDES ADMINISTRATIVE, FINANCIAL MANAGEMENT, TECHNICAL AND BUSINESS SUPPORT SERVICES THAT ARE ESSENTIAL FOR PHYSICIANS TO PROVIDE QUALITY CARE AND OPERATE SUCCESSFUL PRACTICES.OUR SIZE AND GROUP PRACTICE STRUCTURE ALLOW US TO PROVIDE CARE FOR PATIENTS, WITH MOST OF THE CARE BEING RELATED TO THE CARDIOLOGY SPECIALTY, AND BEHAVIORAL HEALTH AREA AND REHABILITATION AND PRIMARY CARE. WE ARE INTEGRATING WITH OUR OTHER HEALTH SERVICES WITHIN ADVENTIST HEALTHCARE TO DELIVER THE MOST VALUE TO OUR COMMUNITY.IN 2023, OUR AMG PHYSICIANS HAD MORE THAN 60,000 AMBULATORY PATIENT ENCOUNTERS, INCLUDING NEW PATIENTS, AND EXISTING PATIENTS. ADDITIONALLY, OUR APS BEHAVIORAL HEALTH PHYSICIANS PROVIDED CARE FOR THE INPATIENTS AT ADVENTIST HEALTHCARE, INC., D/B/A SHADY GROVE MEDICAL CENTER AND ADVENTIST HEALTHCARE, INC., D/B/A WHITE OAK MEDICAL CENTER.

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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 $2,161

Program Service Revenue $29,427,371

Investment Income $0

Other Revenue $0

TOTAL REVENUE $29,429,532

Expense Breakdown

Grants Paid $0

Salaries & Benefits $36,666,452

Fundraising Expenses $0

Program Expenses $42,153,831

Other Expenses $10,951,720

TOTAL EXPENSES $47,618,172

Year-over-Year Comparison

	2023	2022	Change
Revenue	$29,429,532	$30,239,144	0.0%
Expenses	$47,618,172	$42,750,470	+0.1%
Net Income	$-18,188,640	$-12,511,326	+0.5%

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

$4,276,195

Total Directors

$3,545,525

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TERRY FORDE	PRESIDENT & CEO, AHC	2.00	Officer Director	$0	$69,578	$1,517,810
JOHN SACKETT	EVP & COO, AHC	2.00	Officer Director	$0	$71,597	$1,085,605
KRISTEN PULIO	SVP & CFO, AHC	2.00	Officer Director	$0	$177,534	$942,110
AARON COHEN	PRESIDENT OF PHYSICIAN ENTERPRISES	40.00	Officer	$0	$171,686	$730,670
SUSAN GLOVER	VP, CARDIOVASCULAR SVS LINE, AHC	30.00	Highest	$535,389	$55,234	$590,623
REGINA KUHL	PHYSICIAN ASST II	40.00	Highest	$460,743	$33,834	$494,577
MARANATHA GABAUD	PHYSICIAN	40.00	Highest	$381,281	$27,291	$408,572
MARY GREENBERG	VP, SVC LINES & BUSINESS DEV	40.00	Highest	$345,459	$30,278	$375,737
MARY MCNAMARA WARD	VP, PHYSICIAN NETWORKS OPS	40.00	Highest	$341,344	$5,177	$346,521

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	$29,429,532	$47,618,172	$5,119,811	$-18,188,640
2022	$30,239,144	$42,750,470	$8,195,361	$-12,511,326
2021	$16,483,765	$30,305,509	$12,232,434	$-13,821,744
2020	$13,309,492	$25,741,046	$6,867,140	$-12,431,554
2019	$6,349,065	$16,710,931	$2,156,162	$-10,361,866
2018	$6,760,961	$16,326,919	$3,820,452	$-9,565,958