TRINITY HEALTH MID-ATLANTIC MEDICAL GROUP (EIN 232571699) - 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

1989

Legal Domicile

Principal Officer

WILLIAM MELMS

Phone

2157102000

Tax Period

2024-07-01 to 2025-06-30

TRINITY HEALTH MID-ATLANTIC MEDICAL GROUP, founded in 1989, is a major nonprofit in the Health Care sector that reported $130.3M in total revenue in fiscal year 2024. Revenue surged 34% from the prior year, signaling strong growth momentum. Expenses of $190.9M exceeded revenue, resulting in a 47% operating deficit.

Mission

TO PROVIDE HEALTH CARE SERVICES

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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 $0

Program Service Revenue $124,702,332

Investment Income $0

Other Revenue $5,568,514

TOTAL REVENUE $130,270,846

Expense Breakdown

Grants Paid $0

Salaries & Benefits $146,999,702

Fundraising Expenses $0

Program Expenses $173,218,333

Other Expenses $43,852,967

TOTAL EXPENSES $190,852,669

Year-over-Year Comparison

	2024	2023	Change
Revenue	$130,270,846	$96,888,111	+0.3%
Expenses	$190,852,669	$140,473,327	+0.4%
Net Income	$-60,581,823	$-43,585,216	+0.4%

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

980

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

$1,651,086

Total Directors

$3,309,906

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NATHANIEL HOLZMAN MD	PHYSICIAN - PLASTIC SURGERY	50.00	Highest	$1,834,581	$52,063	$1,886,644
JULIE WASHINGTON	DIR; TRINITY SVP CHIEF MKTG & COMM	1.00	Director	$0	$302,605	$1,817,389
JAMES WOODWARD	DIR, PRES & CEO MIDATLANTIC THR 1/25	1.00	Director	$0	$57,915	$1,492,517
PRASHANTH RAMACHANDRA MD	PHYSICIAN - BARIATRIC SURGERY	50.00	Highest	$1,317,435	$49,086	$1,438,245
JUSTIN HARMON DO	PHYSICIAN - UROLOGY	50.00	Highest	$1,330,596	$49,334	$1,379,930
ARASH BAHRAMI DO	PHYSICIAN - ENT	50.00	Highest	$1,062,744	$44,949	$1,146,611
TODD NIXON MD	PHYSICIAN - CARDIOTHORACIC	50.00	Highest	$1,015,986	$49,563	$1,065,549
JOHN CARUSO	FORMER OFFICER; PREMIER SVP	0.00		$0	$37,591	$655,130
WILLIAM MELMS MD	PRESIDENT	48.00	Officer	$0	$114,511	$609,174
CATHERINE MIKUS	SECRETARY; GENERAL COUNSEL	1.00	Officer	$0	$50,624	$598,651
AMIT POWAR	FORMER OFFICER	0.00		$0	$27,146	$538,043
KIMBERLY CUMMINGS	TREASURER AND CFO THRU 6/25	1.00	Officer	$0	$45,472	$443,261
ANTHONY FANELLI	FORMER OFFICER	0.00		$0	$8,433	$283,830
ANDRE BOYD	DIR; PRES & CEO MIDATLANTIC AT 1/25	1.00	Director	$0	$0	$0
VINCENT GORDON	DIR;CHAIR THR 12/24;V CHAIR AT 1/25	1.00	Officer Director	$0	$0	$0
AJAY GUPTA	DIRECTOR; CHAIR AS OF 1/25	1.00	Officer Director	$0	$0	$0
SHAILA KAPUR	DIRECTOR; VICE CHAIR THROUGH 12/24	1.00	Officer Director	$0	$0	$0
TALYANA BROMBERG	DIRECTOR THROUGH 12/24	1.00	Director	$0	$0	$0
MARK BRUCKER	DIRECTOR THROUGH 12/24	1.00	Director	$0	$0	$0
BARBARA BUCKLEY RSM	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE CALOPE	DIRECTOR	1.00	Director	$0	$0	$0
MARTINA DEIGNAN	DIRECTOR THROUGH 12/24	1.00	Director	$0	$0	$0
HIRAL FONTANILLA MD	DIRECTOR	1.00	Director	$0	$0	$0
MARIANNE GRACE	DIRECTOR	1.00	Director	$0	$0	$0
JULIA KEEGAN OSF	DIRECTOR THROUH 12/24	1.00	Director	$0	$0	$0
REBECCA KERCHNER	DIRECTOR THROUGH 12/24	1.00	Director	$0	$0	$0
SANDRA KWEDER MD	DIRECTOR AS OF 1/25	1.00	Director	$0	$0	$0
CARMEN LARSEN	DIRECTOR AS OF 1/25	1.00	Director	$0	$0	$0
ROBIN MADDEN	DIRECTOR AS OF 1/25	1.00	Director	$0	$0	$0
JAMES MONIHAN MD	DIRECTOR THROUGH 12/24	1.00	Director	$0	$0	$0
ELSBETH MULVANEY CSC	DIRECTOR AS OF 1/25	1.00	Director	$0	$0	$0
LARRY WARREN	DIRECTOR AS OF 1/25	1.00	Director	$0	$0	$0
JACQUELINE WATSON	DIRECTOR AS OF 1/25	1.00	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	$130,270,846	$190,852,669	$28,874,956	$-60,581,823
2024	$96,888,111	$140,473,327	$30,540,446	$-43,585,216
2023	$66,488,202	$101,525,102	$18,957,075	$-35,036,900
2022	$66,739,649	$97,136,350	$38,676,366	$-30,396,701
2021	$62,697,896	$87,065,156	$71,078,768	$-24,367,260
2020	$51,973,373	$80,371,075	$77,509,251	$-28,397,702
2019	$48,863,832	$67,299,261	$69,683,468	$-18,435,429
2018	$63,554,722	$88,453,042	$67,475,667	$-24,898,320

TRINITY HEALTH MID-ATLANTIC MEDICAL GROUP