TOWER HEALTH MEDICAL GROUP (EIN 232266054) - 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

1983

Legal Domicile

Principal Officer

MICHAEL STERN

Phone

4846284307

Tax Period

2024-07-01 to 2025-06-30

TOWER HEALTH MEDICAL GROUP, founded in 1983, is a major nonprofit that reported $223.2M in total revenue in fiscal year 2024. Expenses of $386.8M exceeded revenue, resulting in a 73% operating deficit.

Mission

THE REGION'S PREMIER PHYSICIAN-DIRECTED, MULTISPECIALTY GROUP OF HEALTH CARE PROFESSIONALS WHO PARTICIPATE WITH TOWER HEALTH IN MANAGING POPULATION HEALTH AND PROMOTING WELLNESS, AND DELIVERING HEALTH CARE.

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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 $66,240

Program Service Revenue $217,709,408

Investment Income $111,144

Other Revenue $5,295,508

TOTAL REVENUE $223,182,300

Expense Breakdown

Grants Paid $0

Salaries & Benefits $289,566,629

Fundraising Expenses $0

Program Expenses $361,617,052

Other Expenses $97,219,393

TOTAL EXPENSES $386,786,022

Year-over-Year Comparison

	2024	2023	Change
Revenue	$223,182,300	$217,574,823	+0.0%
Expenses	$386,786,022	$379,450,350	+0.0%
Net Income	$-163,603,722	$-161,875,527	+0.0%

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

Employees

1821

Volunteers

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

$4,808,270

Total Directors

$2,812,594

Key Employees

$1,490,923

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL STERN	PRES/CEO 2/2	2.00	Officer Director	$0	$292,366	$1,565,707
P SUE PERROTTY	PRES/CEO T 2	2.00	Officer Director	$0	$0	$1,246,887
SUZANNE WENDEROTH	FORMER EVP P	N/A		$0	$212,361	$1,240,093
BERNARD BOULANGER MD	EVP/CEO PROV	25.00	Key Emp	$0	$211,367	$1,153,605
MIKE EESLEY	TREASURER	2.00	Officer	$0	$180,695	$1,138,877
BRANDON ROOT MD	PHYSICIAN	50.00	Highest	$1,006,559	$44,399	$1,050,958
UDAY DASIKA MD	PHYSICIAN	50.00	Highest	$980,570	$43,188	$1,023,758
SHAHIN MANOOCHEHRI MD	PHYSICIAN	50.00	Highest	$987,393	$19,125	$1,006,518
HERMAN C LAWSON MD	PHYSICIAN	50.00	Highest	$944,434	$44,739	$989,173
EARL J HOPE MD	PHYSICIAN	50.00	Highest	$953,397	$35,424	$988,821
ROBERT EHINGER	FORMER TREAS	0.00		$0	$96,059	$748,592
KRISTIN KEARNEY	SVP CFO	26.00	Officer	$534,556	$81,668	$616,224
SUSAN HEFFNER	SVP COO 11/2	50.00	Key Emp	$316,995	$20,323	$337,318
TRACY DRUCKENMILLER	SECRETARY T	2.00	Officer	$0	$27,983	$144,954
THERESA QUITINSKY	SECRETARY 6/	2.00	Officer	$0	$15,957	$95,621
THEODORE AUMAN	BOARD MEMBER	2.00	Director	$0	$0	$0
JIM BOSCOV	VICE CHAIR	2.00	Officer Director	$0	$0	$0
MARY KARGBO	BOARD MEMBER	2.00	Director	$0	$0	$0
BRENT WAGNER MD	BOARD MEMBER	2.00	Director	$0	$0	$0
ROBERT BRIGHAM MD	BOARD MEMBER	2.00	Director	$0	$0	$0
PETE MOLINARO	BOARD MEMBER	2.00	Director	$0	$0	$0
MEG MUELLER	CHAIR	2.00	Officer Director	$0	$0	$0
WILLIAM P THORNTON	BOARD MEMBER	2.00	Director	$0	$0	$0
DOUG TIEMAN	BOARD MEMBER	2.00	Director	$0	$0	$0

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	$223,182,300	$386,786,022	$45,465,395	$-163,603,722
2024	No data	No data	No data	No data
2023	$225,322,702	$405,404,761	$53,078,225	$-180,082,059
2022	$233,011,515	$425,597,979	$76,584,160	$-192,586,464
2021	$250,280,722	$473,263,446	$88,789,275	$-222,982,724
2020	$206,214,211	$454,908,487	$76,675,941	$-248,694,276
2019	$210,101,947	$378,163,902	$48,230,901	$-168,061,955
2018	$185,640,961	$313,987,269	$27,182,573	$-128,346,308

TOWER HEALTH MEDICAL GROUP