PALISADES MEDICAL ASSOCIATES LLC (EIN 223814193) - 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

2001

Legal Domicile

Principal Officer

DANIEL VARGA

Phone

9086756572

Tax Period

2023-01-01 to 2023-12-31

PALISADES MEDICAL ASSOCIATES LLC, founded in 2001, is a micro nonprofit in the Health Care sector that reported $22 in total revenue in fiscal year 2023. Revenue fell 100% from the prior year — a significant decline worth monitoring.

Mission

THE COMPANY IS OPERATED EXCLUSIVELY FOR THE SOLE PURPOSE OF SUPPORTING AND FURTHERING THE CHARITBLE PURPOSE OF PROVIDING MEDICAL SERVICES TO THE PATIENTS OF HMH HOSPTIALS CORPORATION.

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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 $22

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $22

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $0

TOTAL EXPENSES $0

Year-over-Year Comparison

	2023	2022	Change
Revenue	$22	$20,140,744	-1.0%
Expenses	N/A	$20,140,744	-1.0%
Net Income	N/A	$0	N/A

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

$1,946,588

Total Directors

$1,946,588

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Daniel Varga	Chief Physician Executive	2.50	Officer Director	$0	$55,669	$1,946,588

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	$22	No data	$29,791,193	No data
2022	$20,140,744	$20,140,744	$40,366,215	No data
2021	$17,272,240	$17,272,240	$22,407,645	No data
2020	$15,525,249	$15,525,249	$3,105,958	No data
2019	$19,764,164	$19,764,164	$2,197,502	No data
2018	$13,866,739	$13,866,739	$4,247,195	No data

PALISADES MEDICAL ASSOCIATES LLC