SAMARITAN MEDICAL PRACTICE PC (EIN 261528342) - 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

2007

Legal Domicile

Principal Officer

MARIO VICTORIA MD

Phone

3157854121

Tax Period

2023-01-01 to 2023-12-31

SAMARITAN MEDICAL PRACTICE PC, founded in 2007, is a community nonprofit in the Health Care sector that reported $4.8M in total revenue in fiscal year 2023. Revenue fell 31% from the prior year — a significant decline worth monitoring. Expenses of $11.6M exceeded revenue, resulting in a 140% operating deficit.

Mission

THE MISSION OF SAMARITAN MEDICAL PRACTICE, P.C. IS TO SUPPORT THE CHARITABLE PURPOSES OF SAMARITAN MEDICAL CENTER WHICH INCLUDES PROVIDING PHYSICIAN SERVICES DESIGNED TO IMPROVE THE STANDARDS AND QUALITY OF HEALTH CARE AVAILABLE TO THE RESIDENTS OF JEFFERSON COUNTY AND OTHER AREAS SERVED BY THE HOSPITAL. FURTHERMORE, OUR PURPOSE IS TO PARTICIPATE IN ACTIVITIES TO PROMOTE AND IMPROVE THE OVERALL HEALTH OF, AND MEET THE MEDICAL CARE NEEDS OF THE COMMUNITY.

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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 $4,838,129

Investment Income $0

Other Revenue $0

TOTAL REVENUE $4,838,129

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,206,598

Fundraising Expenses $0

Program Expenses $11,612,985

Other Expenses $2,413,057

TOTAL EXPENSES $11,619,655

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,838,129	$7,036,756	-0.3%
Expenses	$11,619,655	$17,964,393	-0.4%
Net Income	$-6,781,526	$-10,927,637	-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

N/A

Employees

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

$2,236,625

Total Directors

$525,890

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARIO VICTORIA MD	PRESIDENT/DIRECTOR	1.00	Officer Director	$0	$48,364	$525,890
THOMAS H CARMAN	CEO OF SMC/SECRETARY	1.00	Officer	$0	$59,072	$1,102,663
MAXINE BRIGGS	CFO OF SMC/TREASURER	1.00	Officer	$0	$48,175	$608,072
EDUARDO BARAYUGA	GENERAL SURGEON	40.00	Highest	$478,434	$37,727	$516,161
DEANA E PALEY	PLASTIC SURGEON	40.00	Highest	$564,342	$26,121	$590,463
DANIEL BRYDEN	GENERAL SURGEON	40.00	Highest	$499,653	$47,184	$546,837
MAURICE TOM-PACK	GENERAL SURGEON	40.00	Highest	$629,234	$24,171	$653,405
BRIAN ZAFONTE	ORTHOPEDIC SURGEON	40.00	Highest	$1,166,072	$37,727	$1,203,799

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	No data	No data	No data	No data
2023	$4,838,129	$11,619,655	$1,713,722	$-6,781,526
2022	$7,036,756	$17,964,393	$1,874,931	$-10,927,637
2021	$9,985,737	$19,329,354	$8,374,909	$-9,343,617
2020	$7,166,851	$16,937,487	$9,578,899	$-9,770,636
2019	$10,413,387	$21,119,718	$10,702,701	$-10,706,331
2018	$21,606,187	$29,371,099	$3,701,618	$-7,764,912

SAMARITAN MEDICAL PRACTICE PC