ST MARY'S MEDICAL GROUP INC (EIN 261858563) - 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

2008

Legal Domicile

Principal Officer

STONISH PIERCE

Phone

7063893939

Tax Period

2022-07-01 to 2023-06-30

ST MARY'S MEDICAL GROUP INC, founded in 2008, is a mid-sized nonprofit in the Health Care sector that reported $41.0M in total revenue in fiscal year 2022. Expenses of $56.4M exceeded revenue, resulting in a 38% operating deficit.

Mission

TO PROVIDE HEALTH CARE SERVICES

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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 $40,595,619

Investment Income $-25,044

Other Revenue $394,217

TOTAL REVENUE $40,964,792

Expense Breakdown

Grants Paid $0

Salaries & Benefits $37,058,186

Fundraising Expenses $0

Program Expenses $50,936,868

Other Expenses $19,330,955

TOTAL EXPENSES $56,389,141

Year-over-Year Comparison

	2022	2021	Change
Revenue	$40,964,792	$41,258,543	0.0%
Expenses	$56,389,141	$51,957,538	+0.1%
Net Income	$-15,424,349	$-10,698,995	+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

341

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

$3,467,305

Total Directors

$6,662,317

Key Employees

$927,139

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICK WILLIS MD	CARDIOLOGIST	49.00	Highest	$1,036,776	$48,622	$1,085,398
AMIT SHAH MD	CARDIOLOGIST	50.00	Highest	$985,514	$23,937	$1,009,451
D MONTEZ CARTER	DIR/PRES THR9/22;PRES THONE AT 10/22	1.00	Officer Director	$0	$221,824	$994,869
DAVID SPIVEY	DIR & INT PRES 10/22-4/23;TH CONSULT	1.00	Officer Director	$0	$64,057	$951,519
JOHN LAYHER MD	CARDIOLOGIST	50.00	Key Emp	$880,504	$46,635	$927,139
L STEVEN LOWMAN MD	PHYSICIAN	50.00	Highest	$815,988	$47,231	$863,219
ERICK AVELAR MD	CARDIOLOGIST	50.00	Highest	$689,824	$48,833	$738,657
HIREN PATEL MD	CARDIOLOGIST	50.00	Highest	$683,582	$45,711	$729,293
CLAY CHAPPELL MD	DIRECTOR AS OF 11/22; CARDIOLOGIST	50.00	Director	$683,190	$19,291	$702,481
RICHARD WHITE MD	DIRECTOR AS OF 11/22; PHYSICIAN	50.00	Director	$541,097	$38,349	$579,446
STONISH PIERCE	COO HCH THR3/23;DIR/PRES/CEO AT 4/23	1.00	Officer Director	$0	$24,854	$481,185
RYAN KATZ MD	DIRECTOR AS OF 11/22; PHYSICIAN	50.00	Director	$437,339	$43,719	$481,058
JANICE DUNN	TREASURER & CHIEF FINANCIAL OFFICER	1.00	Officer	$0	$45,326	$458,737
MATTHEW FARMER MD	DIR AT 11/22;PHYSICIAN INTERNAL MED	50.00	Director	$372,316	$47,979	$420,295
DAVID GAINES MD	DIR AT 11/22;PHYSICIAN INTERNAL MED	50.00	Director	$318,099	$49,424	$367,523
BRITTAINY HORNE	DIR; PRESIDENT, MEDICAL GROUP	50.00	Officer Director	$0	$47,526	$367,398
BRANDON TAYLOR MD	DIRECTOR AS OF 11/22; PHYSICIAN	50.00	Director	$299,073	$42,733	$341,806
CHARMI PATEL MD	DIRECTOR AS OF 11/22; PHYSICIAN	50.00	Director	$277,466	$16,095	$293,561
JOHN MORSEK	DIR AT11/22;MED DIR AMBULATORY CARE	50.00	Director	$211,509	$44,378	$255,887
BRANDT HALBACH	DIRECTOR AS OF 11/22; VP OPERATIONS	50.00	Director	$222,795	$11,515	$234,310
ELIZABETH SCHOEN	SECREATRY; ASSOCIATE COUNSEL	1.00	Officer	$0	$33,609	$213,597
RACHEL HUNT MD	DIRECTOR AS OF 11/22; PHYSICIAN	50.00	Director	$0	$21,490	$190,979

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	$40,964,792	$56,389,141	$16,332,355	$-15,424,349
2022	$41,258,543	$51,957,538	$11,827,476	$-10,698,995
2021	$33,044,302	$47,972,788	$9,650,726	$-14,928,486
2020	$27,669,036	$45,993,062	$9,565,452	$-18,324,026
2019	$25,627,052	$34,723,831	$8,734,481	$-9,096,779
2018	$19,356,166	$30,103,069	$4,814,109	$-10,746,903

ST MARY'S MEDICAL GROUP INC