SUMMIT PHYSICIAN SERVICES

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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

ROXANNA GAPSTUR

Phone

7178513055

Tax Period

2023-07-01 to 2024-06-30

SUMMIT PHYSICIAN SERVICES, founded in 1993, is a mid-sized nonprofit that reported $95.6M in total revenue in fiscal year 2023. Revenue fell 45% from the prior year — a significant decline worth monitoring.

Mission

SUMMIT PHYSICIAN SERVICES, AND THE ASSOCIATED WELLSPAN MEDICAL GROUP, OPERATE ON THE BELIEF THAT A LARGE, WELL-ORGANIZED GROUP PRACTICE, BASED ON PRIMARY AND PREVENTIVE CARE, AND WORKING COLLABORATIVELY AS PART OF AN INTEGRATED HEALTH CARE DELIVERY SYSTEM, CAN DELIVER A SUPERIOR STANDARD OF CARE. ITS MISSION IS TO PROMOTE AND TO PROVIDE QUALITY, COST-EFFECTIVE HEALTH CARE SERVICES WHICH SEEK TO IMPROVE THE HEALTH STATUS OF THE COMMUNITY. SUMMIT PHYSICIAN SERVICES PROVIDES CARE WITHOUT REGARD FOR AN INDIVIDUAL'S HEALTH STATUS OR ABILITY TO PAY.

Program Service Accomplishments

Program 1

Expenses: $91,283,320 Revenue: $95,278,934

SUMMIT PHYSICIAN SERVICES, WHICH DOES NOT CONTEMPLATE PECUNIARY GAIN OR PROFIT, INCIDENTAL OR OTHERWISE, WAS FORMED FOR THE PURPOSES OF FURTHERING THE CHARITABLE PURPOSES OF WELLSPAN HEALTH, AND...

SUMMIT PHYSICIAN SERVICES, WHICH DOES NOT CONTEMPLATE PECUNIARY GAIN OR PROFIT, INCIDENTAL OR OTHERWISE, WAS FORMED FOR THE PURPOSES OF FURTHERING THE CHARITABLE PURPOSES OF WELLSPAN HEALTH, AND PROMOTING THE PROVISION OF HEALTH CARE SERVICES IN SOUTH CENTRAL PENNSYLVANIA, INCLUDING FRANKLIN, LANCASTER, LEBANON, YORK AND ADAMS COUNTIES, BY PROVIDING CLINICALLY EFFECTIVE HEALTH CARE SERVICES, INCLUDING PROFESSIONAL HEALTH CARE SERVICES, IN A COST EFFECTIVE MANNER IN SETTINGS APPROPRIATE TO PATIENT AND PAYOR NEEDS UNDER A VARIETY OF HEALTH CARE FINANCING ARRANGEMENTS; ENHANCING THE CONTINUITY AND QUALITY OF HEALTH CARE SERVICES PROVIDED TO PATIENTS; ENSURING THE CONTINUED LOCAL PATIENT ACCESS TO HEALTH CARE SERVICES; ENHANCING THE HEALTH STATUS OF THE COMMUNITIES SERVED BY WELLSPAN HEALTH; EFFECTIVELY RESPONDING TO CHANGING PAYOR REQUIREMENTS; ACHIEVING EXCELLENCE IN CLINICAL INNOVATIONS, SERVICE, QUALITY, COST AND OUTCOMES; AND ACHIEVING OPERATING EFFICIENCIES, SUCH AS CONTAINING AND REDUCING COSTS AND AVOIDING UNNECESSARY DUPLICATION OF SERVICES AND EQUIPMENT, THEREBY UTILIZING RESOURCES MORE EFFECTIVELY.SEE WELLSPAN HEALTH - 2024 COMMUNITY BENEFIT REPORT LOCATED AT HTTPS://WWW.WELLSPAN.ORG/ABOUT-WELLSPAN/IMPROVING-HEALTHY-COMMUNITIES/COMMUNITY-BENEFIT.

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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 $51,560

Program Service Revenue $95,278,934

Investment Income $2,005

Other Revenue $282,262

TOTAL REVENUE $95,614,761

Expense Breakdown

Grants Paid $0

Salaries & Benefits $78,727,894

Fundraising Expenses $0

Program Expenses $91,283,320

Other Expenses $19,752,807

TOTAL EXPENSES $98,480,701

Year-over-Year Comparison

	2023	2022	Change
Revenue	$95,614,761	$172,601,906	-0.4%
Expenses	$98,480,701	$187,558,417	-0.5%
Net Income	$-2,865,940	$-14,956,511	-0.8%

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

667

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

$7,760,389

Total Directors

$12,402,793

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANTHONY AQUILINA DO	EXEC. VP & CHIEF PHYSICIAN EXECUTIVE	1.00	Officer Director	$0	$78,444	$1,334,325
TARA ASSI PA-C	DIRECTOR	1.00	Director	$0	$60,631	$225,734
AMBER BILLET MD	DIRECTOR	1.00	Director	$0	$65,302	$424,434
H WALLACE BRUBAKER	DIRECTOR (UNTIL DEC. '23)	1.00	Director	$0	$58,491	$290,287
ALMIRA CONTRACTOR MD	CHAIR	1.00	Officer Director	$0	$63,432	$323,589
ANGELA HEILAND MD	CHAIR (UNTIL DEC. '23)	1.00	Director	$0	$59,351	$360,136
JULIAN ESTEBAN MD	DIRECTOR	1.00	Director	$0	$74,856	$794,737
STEPHEN FLACK MD	VICE CHAIR	1.00	Officer Director	$12,532	$74,342	$699,551
LESLEY HUGHES MD	DIRECTOR	1.00	Director	$0	$55,517	$617,827
ROBERT KNIPE DO	DIRECTOR	1.00	Director	$0	$72,492	$807,815
ROBERT PARGAMENT MD	DIRECTOR	1.00	Director	$0	$65,306	$359,587
ROXANNA GAPSTUR PHD RN	PRESIDENT & CEO - WELLSPAN HEALTH	1.00	Officer Director	$0	$100,269	$3,123,984
LAURA BUCZKOWSKI	EXECUTIVE VP & CFO - WELLSPAN HEALTH	1.00	Officer Director	$0	$79,480	$1,336,194
AMY NELSON	SECRETARY/SR VP & GENERAL COUNSEL	1.00	Officer Director	$0	$96,211	$942,746
DUANE BRITTON	DIRECTOR	1.00	Director	$0	$0	$0
LARRY MILLER	DIRECTOR	1.00	Director	$0	$0	$0
SRIKANTH HOSUR MD	DIRECTOR	1.00	Director	$0	$53,982	$761,847
NADEEM QUAZI MD	SURGEON	40.00	Highest	$1,215,516	$76,266	$1,291,782
JOSHUA DUNKLEBARGER MD	OTOLARYNGOLOGIST	40.00	Highest	$1,088,061	$76,846	$1,164,907
BRAD CONNER MD	SURGEON	40.00	Highest	$1,052,776	$85,773	$1,138,549
WAYNE LEDINH MD	SURGEON	40.00	Highest	$1,028,454	$77,679	$1,106,133
AYLMER TANG MD	CARDIAC INTERVENTIONALIST	40.00	Highest	$1,020,212	$65,027	$1,085,239
FARAAZ YOUSUF	FORMER EXECUTIVE VP & COO	0.00		$0	$60,032	$1,121,629

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	$95,614,761	$98,480,701	No data	$-2,865,940
2023	$172,601,906	$187,558,417	No data	$-14,956,511
2022	$156,548,417	$166,386,631	No data	$-9,838,214
2021	$137,854,804	$137,854,804	$14,991,039	No data
2020	$145,285,355	$146,374,052	$25,123,943	$-1,088,697
2019	$94,606,992	$139,686,399	$21,921,822	$-45,079,407
2018	$95,808,443	$136,672,407	$22,019,495	$-40,863,964