CHESAPEAKE REGIONAL MEDICAL GROUP (EIN 262366542) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2007

Legal Domicile

Phone

7573128121

Tax Period

2024-07-01 to 2025-06-30

CHESAPEAKE REGIONAL MEDICAL GROUP, founded in 2007, is a community nonprofit in the Health Care sector that reported $7.1M in total revenue in fiscal year 2017. Expenses of $13.4M exceeded revenue, resulting in a 89% operating deficit.

Mission

THE MISSION OF CHESAPEAKE REGIONAL MEDICAL GROUP IS TO ATTRACT HARD-TO-FIND PHYSICIANS TO THE CHESAPEAKE, VIRGINIA AREA AND RETAIN THEM WITH PRACTICE ADMINISTRATION ASSISTANCE.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $21,277,131

Investment Income $0

Other Revenue $881,108

TOTAL REVENUE $22,158,239

Expense Breakdown

Grants Paid $0

Salaries & Benefits $37,241,358

Fundraising Expenses $0

Program Expenses $41,306,996

Other Expenses $8,405,206

TOTAL EXPENSES $45,646,564

Year-over-Year Comparison

	2024	2023	Change
Revenue	$22,158,239	$19,995,730	+0.1%
Expenses	$45,646,564	$40,019,451	+0.1%
Net Income	$-23,488,325	$-20,023,721	+0.2%

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

276

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

$1,710,144

Total Directors

$46,287

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANGELA FEREBEE MD	CHAIR	2.0	Director	$0	$0	$11,000
DAVID PARADISE	SECRETARY	2.0	Director	$0	$0	$10,000
DEE GILMORE	VICE CHAIR	2.0	Director	$0	$0	$11,000
HAROLD MARIONEAUX	TREASURER	2.0	Director	$0	$0	$14,287
JOHN MAXWELL	SECRETARY/TREASURER (THRU 01/25)	2.0	Director	$0	$0	$0
REESE JACKSON JD MHA FACHE	CEO & PRESIDENT	0.1	Officer	$0	$55,200	$1,084,240
STEVE MCDONNELL	CFO	0.1	Officer	$0	$55,200	$625,904
ADAM J MEYERS	PHYSICIAN	40.0	Highest	$818,343	$0	$818,343
ASHESH N BUCH	PHYSICIAN	40.0	Highest	$618,750	$0	$618,750
BERNARDO J ORDONEZ	PHYSICIAN	40.0	Highest	$1,030,754	$0	$1,030,754
EDWARD COLEMAN	PHYSICIAN	40.0	Highest	$740,002	$0	$740,002
MARY IN-PING HUANG COBB	PHYSICIAN	40.0	Highest	$1,186,824	$0	$1,186,824

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	$22,158,239	$45,646,564	$10,411,050	$-23,488,325
2024	No data	No data	No data	No data
2023	$18,037,107	$34,551,510	$11,243,540	$-16,514,403
2022	$15,896,081	$31,107,183	$5,882,507	$-15,211,102
2021	$12,231,172	$24,302,432	$4,557,734	$-12,071,260
2020	$9,094,594	$19,811,780	$3,480,230	$-10,717,186
2019	$8,064,956	$16,079,192	$2,395,326	$-8,014,236
2018	$7,114,776	$13,431,822	$1,905,804	$-6,317,046

CHESAPEAKE REGIONAL MEDICAL GROUP