CLINICAL CARE ASSOCIATES OF THE UNIVERSITY OF PENNSYLVANIA HEALTH SYSTEM (EIN 232729852) - 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

1993

Legal Domicile

Principal Officer

SCOTT SCHLEGEL

Phone

6109021739

Tax Period

2022-07-01 to 2023-06-30

CLINICAL CARE ASSOCIATES OF THE UNIVERSITY OF PENNSYLVANIA HEALTH SYSTEM, founded in 1993, is a major nonprofit in the Health Care sector that reported $274.2M in total revenue in fiscal year 2022.

Mission

CLINICAL CARE ASSOCIATES SERVES TO FURTHER THE EDUCATIONAL AND CHARITABLE MISSIONS OF THE UNIVERSITY OF PENNSYLVANIA HEALTH 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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $246,746,543

Investment Income $1,162,134

Other Revenue $26,332,981

TOTAL REVENUE $274,241,658

Expense Breakdown

Grants Paid $0

Salaries & Benefits $194,707,187

Fundraising Expenses $0

Program Expenses $246,298,160

Other Expenses $78,879,870

TOTAL EXPENSES $273,587,057

Year-over-Year Comparison

	2022	2021	Change
Revenue	$274,241,658	$275,144,153	0.0%
Expenses	$273,587,057	$266,392,376	+0.0%
Net Income	$654,601	$8,751,777	-0.9%

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

2046

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

$8,976,440

Total Directors

$14,332,550

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN B MAHONEY	NETWORK EXEC., EX OFFICIO	1.0	Officer Director	$0	$524,230	$3,396,943
KEITH KASPER	CONTROLLER, BOARD MEMBER	1.0	Officer Director	$0	$24,644	$1,741,633
DEBORAH A DRISCOLL MD	NETWORK EXEC., EX OFFICIO	1.0	Officer Director	$0	$213,451	$1,667,792
PHILIP A OKALA	BOARD MEMBER (UNTIL 08/2022)	1.0	Director	$0	$229,198	$1,430,349
HARVEY L WAXMAN MD	BOARD MEMBER	1.0	Director	$0	$50,209	$1,219,450
MICHELE M VOLPE	BOARD MEMBER (AS OF 06/8/2023)	1.0	Director	$0	$101,405	$1,168,804
LORI GUSTAVE	BOARD MEMBER	1.0	Director	$0	$93,350	$893,100
BENJAMIN SILVERMAN MD	INTERNIST	55.0	Highest	$820,793	$27,812	$848,605
KRISTEN RAINEAR MD	CARDIOLOGIST	55.0	Highest	$804,514	$26,073	$830,587
WILLIAM DUFFY MD	INTERNIST	55.0	Highest	$776,364	$26,056	$802,420
JACK QUINLAN MD	CARDIOLOGIST	55.0	Highest	$758,197	$26,009	$784,206
GARY DORSHIMER MD	INTERNIST	55.0	Highest	$762,290	$17,653	$779,943
SCOTT SCHLEGEL	EXECUTIVE DIRECTOR, EX OFFICIO	1.0	Officer Director	$0	$75,038	$689,360
PETER D QUINN MD DMD	BOARD MEMBER (UNTIL 06/8/2023)	1.0	Officer Director	$0	$47,470	$667,946
MATTHEW J PRESS MD MSC	BOARD MEMBER (UNTIL 06/8/2023)	1.0	Director	$0	$63,380	$644,407
CHARLES F ORELLANA MD	SR MEDICAL DIRECTOR, BOARD MBR	55.0	Officer Director	$395,310	$18,130	$413,440
JOSEPH P HEANEY	CFO, ASST CONTROLLER & SECRY	54.0	Officer Director	$0	$26,107	$399,326
RONALD B BARG MD	FORMER EXECUTIVE DIRECTOR	0.0		$0	$29,097	$315,019
BERT W O'MALLEY JR MD	BOARD MEMBER	1.0	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$274,241,658	$273,587,057	$84,999,581	$654,601
2022	$275,144,153	$266,392,376	$91,325,613	$8,751,777
2021	$209,271,901	$212,415,807	$70,443,492	$-3,143,906
2020	$192,279,199	$190,199,261	$67,061,458	$2,079,938
2019	$172,922,964	$170,515,839	$48,023,368	$2,407,125
2018	$159,266,097	$149,555,410	$45,306,292	$9,710,687

CLINICAL CARE ASSOCIATES OF THE UNIVERSITY OF PENNSYLVANIA HEALTH SYSTEM