DISTRICT MEDICAL GROUP INC (EIN 208106540) - 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

DR KOTE CHUNDU

Phone

6024705000

Tax Period

2023-01-01 to 2023-12-31

DISTRICT MEDICAL GROUP INC, founded in 2006, is a major nonprofit in the Health Care sector that reported $231.3M in total revenue in fiscal year 2023.

Mission

OPERATE A FACULTY PRACTICE PLAN FOR THE BENEFIT OF THE MARICOPA COUNTY SPECIAL HEALTHCARE DISTRICT, DBA VALLEYWISE HEALTH, WHICH WAS CREATED TO PROVIDE MEDICAL EDUCATION PROGRAMS, EMERGENCY AND OTHER SERVICES TO THE MEDICALLY UNDERSERVED.

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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 $1,700

Program Service Revenue $228,788,031

Investment Income $1,931,127

Other Revenue $615,841

TOTAL REVENUE $231,336,699

Expense Breakdown

Grants Paid $739,365

Salaries & Benefits $167,321,083

Fundraising Expenses $0

Program Expenses $207,644,911

Other Expenses $60,334,202

TOTAL EXPENSES $228,394,650

Year-over-Year Comparison

	2023	2022	Change
Revenue	$231,336,699	$216,856,278	+0.1%
Expenses	$228,394,650	$213,260,508	+0.1%
Net Income	$2,942,049	$3,595,770	-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

Employees

874

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

$3,659,999

Total Directors

$3,367,723

Key Employees

$4,357,149

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PHYLLIS BIEDESS	COMMUNITY BOARD MEMBER, VICE PRESIDENT	0.50	Officer Director	$16,620	$0	$16,620
TOM MANOS	COMMUNITY BOARD MEMBER	0.50	Director	$16,620	$0	$16,620
JAMES MAROVICH	COMMUNITY BOARD MEMBER	0.50	Director	$18,787	$0	$18,787
WILLIAM PUTNAM	COMMUNITY BOARD MEMBER	0.50	Director	$16,620	$0	$16,620
ALAN RAWLS	COMMUNITY BOARD MEMBER	0.50	Director	$16,620	$0	$16,620
DR DAN HOBOHM	BD. CHAIR, PATHOLOGY CHAIR, VP OF QUALITY	65.00	Officer Director	$605,642	$36,948	$642,590
DR KOTE CHUNDU	BD. MEMBER, PRESIDENT & CEO	65.00	Officer Director	$1,419,602	$99,826	$1,519,428
DR DAVID WISINGER	BD. MEMBER, CMO, INTERNAL MEDICINE CHAIR	65.00	Officer Director	$479,081	$97,718	$576,799
DR CAROL OLSON	BD. MEMBER, SECRETARY, PSYCHIATRY CHAIR	60.00	Officer Director	$426,378	$117,261	$543,639
CRAIG JONES	CFO, TREASURER	50.00	Officer	$294,887	$66,036	$360,923
DR NAFTALY ATTIAS	ORTHOPEDICS CHAIR	60.00	Key Emp	$669,463	$91,035	$760,498
DR DANIEL GRIDLEY	RADIOLOGY CHAIR	60.00	Key Emp	$665,428	$94,708	$760,136
DR BRENDA GENTZ	ANESTHESIA CHAIR	60.00	Key Emp	$526,525	$55,438	$581,963
DR DEAN COONROD	OBGYN CHAIR	60.00	Key Emp	$510,562	$110,243	$620,805
DR JEFFREY STOWELL	EMERGENCY MEDICINE CHAIR	60.00	Key Emp	$502,947	$90,110	$593,057
DR JODI CARTER	PEDIATRICS CHAIR	60.00	Key Emp	$404,412	$66,297	$470,709
DR GABY ISKANDER	SURGERY CHAIR	40.00	Key Emp	$357,170	$22,102	$379,272
DR SYDNEY VAIL	SURGERY CHAIR	20.00	Key Emp	$170,276	$20,433	$190,709
DR IMAN FEIZ-ERFAN	DIRECTOR OF NEUROSURGERY	70.00	Highest	$1,591,086	$85,422	$1,676,508
DR MICHAEL SOCHACKI	ORTHOPEDIC SURGEON	60.00	Highest	$732,447	$94,242	$826,689
DR ELLIOT MENDELSOHN	ORTHOPEDIC SURGEON	60.00	Highest	$693,144	$53,992	$747,136
DR WILLIAM ROMANO	SECTION HEAD, INTERVENTIONAL RADIOLOGY	60.00	Highest	$641,001	$50,260	$691,261
DR WADDAH HAJJA	INTERNAL MEDICINE PHYSICIAN / HOSPITALIST	60.00	Highest	$602,570	$64,537	$667,107
DR DANY QUAN	FORMER KEY EE, DIRECTOR - MEDICAL TOXICOLOGY	20.00		$153,062	$18,367	$171,429

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	$231,336,699	$228,394,650	$114,582,066	$2,942,049
2022	$216,856,278	$213,260,508	$102,743,186	$3,595,770
2021	$199,342,408	$194,675,759	$83,064,972	$4,666,649
2020	$212,516,404	$202,058,213	$74,717,554	$10,458,191
2019	$183,464,451	$179,379,181	$57,691,089	$4,085,270
2018	$167,739,306	$166,777,810	$45,845,534	$961,496
2017	$158,038,692	$157,754,737	$44,578,370	$283,955

DISTRICT MEDICAL GROUP INC