Augusta Medical Group

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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

Phone

5409324685

Tax Period

2023-01-01 to 2023-12-31

Augusta Medical Group, founded in 2008, is a mid-sized nonprofit in the Health Care sector that reported $84.7M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $118.0M exceeded revenue, resulting in a 39% operating deficit.

Mission

TO PROMOTE THE HEALTH AND WELL-BEING OF OUR COMMUNITY THROUGH ACCESS TO EXCELLENT HEALTHCARE.

Program Service Accomplishments

Program 1

Expenses: $114,385,037 Revenue: $84,527,231

AUGUSTA MEDICAL GROUP IS A VIRGINIA NONSTOCK CORPORATION THAT IS ORGANIZED AND OPERATED TO SUPPORT THE CHARITABLE PURPOSES OF AUGUSTA HEALTH CARE, INC. PLEASE SEE THE CONTINUATION OF OUR PROGRAM...

AUGUSTA MEDICAL GROUP IS A VIRGINIA NONSTOCK CORPORATION THAT IS ORGANIZED AND OPERATED TO SUPPORT THE CHARITABLE PURPOSES OF AUGUSTA HEALTH CARE, INC. PLEASE SEE THE CONTINUATION OF OUR PROGRAM SERVICE ACCOMPLISHMENTS ON SCHEDULE O.

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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 $136,167

Program Service Revenue $84,527,231

Investment Income $0

Other Revenue $0

TOTAL REVENUE $84,663,398

Expense Breakdown

Grants Paid $0

Salaries & Benefits $100,759,587

Fundraising Expenses $0

Program Expenses $114,385,037

Other Expenses $17,252,085

TOTAL EXPENSES $118,011,672

Year-over-Year Comparison

	2023	2022	Change
Revenue	$84,663,398	$76,499,537	+0.1%
Expenses	$118,011,672	$106,100,430	+0.1%
Net Income	$-33,348,274	$-29,600,893	+0.1%

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

279

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

$1,637,050

Total Directors

$3,329,287

Key Employees

$357,366

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	Chairman	1.0	Officer Director	$0	$0	$0
N/A	Treasurer/Secretary	1.0	Officer Director	$0	$0	$0
N/A	CEO/Vice Chair	1.0	Officer Director	$0	$184,932	$1,304,315
N/A	Board Member	40.0	Director	$594,652	$19,972	$614,624
N/A	Board Member	1.0	Director	$0	$2,931	$240,761
N/A	Board Member	40.0	Director	$414,481	$25,513	$439,994
N/A	BOArd Member	1.0	Director	$0	$0	$0
N/A	Board Member	40.0	Director	$165,011	$11,798	$176,809
N/A	Board Member	40.0	Director	$254,852	$19,861	$274,713
N/A	Board Member	40.0	Director	$269,063	$9,008	$278,071
N/A	CFO	1.0	Officer	$0	$38,201	$332,735
N/A	COO	40.0	Key Emp	$336,482	$20,884	$357,366
N/A	Physician	40.0	Highest	$832,305	$24,151	$856,456
N/A	Physician	40.0	Highest	$856,710	$24,632	$881,342
N/A	Physician	40.0	Highest	$1,129,727	$18,113	$1,147,840
N/A	Physician	40.0	Highest	$1,149,235	$23,146	$1,172,381
N/A	Physician	40.0	Highest	$822,340	$18,294	$840,634

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	$84,663,398	$118,011,672	$8,148,071	$-33,348,274
2022	$76,499,537	$106,100,430	$9,739,820	$-29,600,893
2021	$62,512,454	$88,046,801	$6,939,419	$-25,534,347
2020	$49,915,451	$76,778,674	$5,662,195	$-26,863,223
2019	$45,626,499	$68,566,262	$5,342,525	$-22,939,763
2018	$37,112,257	$60,978,782	$5,428,878	$-23,866,525