BARNABAS HEALTH MEDICAL GROUP PC (EIN 223316007) - 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

1994

Legal Domicile

Principal Officer

RURIC C ANDERSON MD

Phone

9733224032

Tax Period

2024-01-01 to 2024-12-31

BARNABAS HEALTH MEDICAL GROUP PC, founded in 1994, is a major nonprofit in the Health Care sector that reported $521.2M in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. Expenses of $651.5M exceeded revenue, resulting in a 25% operating deficit.

Mission

TO SUPPORT THE CHARITABLE PURPOSES, GOALS AND OBJECTIVES OF RWJ BARNABAS HEALTH, INC. AND ITS AFFILIATES; A TAX-EXEMPT INTEGRATED HEALTHCARE DELIVERY SYSTEM.

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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 $11,819,103

Program Service Revenue $508,758,015

Investment Income $69,617

Other Revenue $564,649

TOTAL REVENUE $521,211,384

Expense Breakdown

Grants Paid $0

Salaries & Benefits $171,299,246

Fundraising Expenses $0

Program Expenses $586,353,329

Other Expenses $480,204,455

TOTAL EXPENSES $651,503,701

Year-over-Year Comparison

	2024	2023	Change
Revenue	$521,211,384	$581,932,731	-0.1%
Expenses	$651,503,701	$581,889,773	+0.1%
Net Income	$-130,292,317	$42,958	-3034.0%

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

5653

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

$4,734,556

Total Directors

$2,434,087

Key Employees

$3,709,953

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ARASH SALEMI MD	PHYSICIAN	55.0	Highest	$3,544,264	$31,204	$3,575,468
ANROY OTTLEY MD FACS	PHYSICIAN	55.0	Highest	$1,336,058	$36,026	$2,671,482
RURIC C ANDERSON MD	TRUSTEE - PRESIDENT	55.0	Officer Director	$0	$444,894	$2,434,087
MICHAEL PRILUTSKY	CHIEF EXECUTIVE OFFICER	55.0	Officer	$0	$343,419	$2,300,469
FRANK A LIPORACE MD	PHYSICIAN	55.0	Highest	$2,068,421	$39,326	$2,107,747
ALEXANDER B KING MD	PHYSICIAN	55.0	Highest	$2,003,606	$41,461	$2,045,067
RICHARD S LAZZARO MD	PHYSICIAN	55.0	Highest	$1,911,586	$34,003	$1,945,589
LINA SHIHABUDDIN MD	CHIEF MEDICAL OFFICER	55.0	Key Emp	$0	$139,407	$936,242
ALISON GRANN MD	CHAIR M.D.	55.0	Key Emp	$839,272	$24,419	$863,691
KELLY L FULTON	SENIOR VICE PRESIDENT	55.0	Key Emp	$0	$122,107	$767,654
CHARLES S CATHCART MD	VP MEDICAL AFFAIRS	55.0	Key Emp	$670,864	$22,341	$693,205
JOHN F BONAMO MD MS	FORMER OFFICER	0.0		$0	$0	$545,192
RITU CHANDAK MD	CHAIR M.D.	55.0	Key Emp	$425,446	$23,715	$449,161

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	$521,211,384	$651,503,701	$174,228,874	$-130,292,317
2023	$581,932,731	$581,889,773	$165,042,920	$42,958
2022	$527,393,759	$527,340,334	$209,230,394	$53,425
2021	$412,355,034	$412,614,445	$150,195,711	$-259,411
2020	$319,981,732	$320,007,098	$106,639,972	$-25,366
2019	$290,297,174	$290,297,174	$73,493,992	No data
2018	$234,837,794	$234,837,794	$45,162,568	No data

BARNABAS HEALTH MEDICAL GROUP PC