SUMMIT PHYSICIAN SERVICES (EIN 251716306) - 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

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

PROVIDES MEDICAL AND SURGICAL CARE TO PATIENTS WITHOUT REGARD TO THE ABILITY TO PAY.

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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

SUMMIT PHYSICIAN SERVICES