METHODIST ASSOCIATES IN HEALTHCARE… - Form 990 Financial Data

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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

1992

Legal Domicile

Principal Officer

EDMUND PRIBITKIN MD MBA

Phone

2155038958

Tax Period

2023-07-01 to 2024-06-30

METHODIST ASSOCIATES IN HEALTHCARE INC, founded in 1992, is a major nonprofit in the Health Care sector that reported $119.5M in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $149.2M exceeded revenue, resulting in a 25% operating deficit.

Mission

THE CORPORATION SHALL BE OPERATED PRIMARILY FOR THE PURPOSE OF PROMOTING, SPONSORING AND RENDERING MEDICAL CARE AND OTHER HEALTHCARE SERVICES AND ADDITIONALLY: A) TO PROMOTE THE EFFICIENT DELIVERY OF HIGH QUALITY MEDICAL CARE IN THE GEOGRAPHIC AREAS SERVED BY TJUH SYSTEM; B) TO RENDER MEDICAL CARE AND OTHER HEALTH SERVICES, THROUGH DULY LICENSED PHYSICIANS EMPLOYED BY OR OTHERWISE UNDER CONTRACT WITH THE CORPORATION, AND TO PROVIDE MEDICAL, SURGICAL AND OTHER SUPPORT PERSONNEL TO CARE FOR THE SICK, PREVENT DISEASES, CONDUCT RESEARCH AND PROMOTE HEALTH, INCLUDING EDUCATION AND TRAINING OF OTHERS TO ACCOMPLISH THE SAME PURPOSES; C) TO CARRY ON EDUCATIONAL ACTIVITIES RELATED TO THE CARE OF THE SICK OR INJURED PERSONS, INCLUDING THE DELIVERY OF SERVICES BY HOSPITAL-BASED PHYSICIANS; D) TO PROMOTE AND CARRY ON SCIENTIFIC RESEARCH RELATED TO THE CARE OF SICK AND INJURED PERSONS INCLUDING THE DELIVERY OF SERVICES BY HOSPITAL-BASED PHYSICIANS; E) TO TAKE SUCH ACTIONS AND TO PERFORM SUCH ACTS T

Program Service Accomplishments

Program 1

Expenses: $140,095,097 Revenue: $119,539,825

EXPENSES INCURRED IN PROVIDING PHYSICIAN SERVICES, PRACTICING MEDICINE AND SURGERY THROUGH DULY LICENSED PHYSICIANS AND SURGEONS IN A MANNER BENEFICIAL TO THE COMMUNITY AND IN FURTHERANCE OF THE...

EXPENSES INCURRED IN PROVIDING PHYSICIAN SERVICES, PRACTICING MEDICINE AND SURGERY THROUGH DULY LICENSED PHYSICIANS AND SURGEONS IN A MANNER BENEFICIAL TO THE COMMUNITY AND IN FURTHERANCE OF THE CHARITABLE AND EDUCATIONAL PURPOSES OF THOMAS JEFFERSON UNIVERSITY AND THOMAS JEFFERSON UNIVERSITY HOSPITALS, INC.

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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 $0

Program Service Revenue $119,539,825

Investment Income $0

Other Revenue $0

TOTAL REVENUE $119,539,825

Expense Breakdown

Grants Paid $0

Salaries & Benefits $91,564,466

Fundraising Expenses $171,206

Program Expenses $140,095,097

Other Expenses $57,640,591

TOTAL EXPENSES $149,205,057

Year-over-Year Comparison

	2023	2022	Change
Revenue	$119,539,825	$98,340,044	+0.2%
Expenses	$149,205,057	$128,969,442	+0.2%
Net Income	$-29,665,232	$-30,629,398	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

N/A

Employees

324

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

$430,578

Total Directors

$933,144

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GAURAV JAIN MD	NEUROSURGEON	55.0	Highest	$1,866,703	$32,977	$1,899,680
SALIL SHAH MD	CARDIOTHORACIC SURGEON	55.0	Highest	$1,558,206	$32,977	$1,591,183
HEKMAT ZARZOUR MD	NEUROSURGEON	55.0	Highest	$1,488,241	$32,977	$1,521,218
ROBERT ELLIOTT MD	NEUROSURGEON	55.0	Highest	$1,354,566	$17,557	$1,372,123
RAVICHANDRA MADINENI MD	NEUROSURGEON	55.0	Highest	$1,161,411	$36,978	$1,198,389
PATRICK COCKEY	DIRECTOR	55.0	Director	$0	$57,405	$502,566
ANDREW NATHANS	TREASURER - DIRECTOR	55.0	Officer Director	$0	$62,373	$430,578
DIXIEANNE P JAMES	DIRECTOR; EX-OFFICIO	55.0	Director	$0	$0	$0
EDMUND PRIBITKIN MD MBA	PRESIDENT - DIRECTOR	55.0	Officer Director	$0	$0	$0
CRISTINA G CAVALIERI ESQ	SECRETARY	60.0	Officer	$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	No data	No data	No data	No data
2024	$119,539,825	$149,205,057	$18,799,786	$-29,665,232
2023	$98,340,044	$128,969,442	$15,579,420	$-30,629,398
2022	$80,632,109	$105,848,708	$12,640,957	$-25,216,599
2021	$82,379,457	$104,975,084	$11,743,117	$-22,595,627
2020	$78,122,223	$105,736,561	$14,717,852	$-27,614,338
2019	$80,583,186	$97,369,296	$14,562,823	$-16,786,110
2018	$45,400,975	$61,555,130	$14,556,253	$-16,154,155

METHODIST ASSOCIATES IN HEALTHCARE INC