FLH MEDICAL PC (EIN 263765332) - 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

2006

Legal Domicile

Principal Officer

MATTHEW TALBOTT MD

Phone

3157874172

Tax Period

2023-01-01 to 2023-12-31

FLH MEDICAL PC, founded in 2006, is a community nonprofit in the Health Care sector that reported $9.3M in total revenue in fiscal year 2023. Revenue decreased 18% compared to the prior year. Expenses of $15.8M exceeded revenue, resulting in a 70% operating deficit.

Mission

FLH MEDICAL, PC IS COMMITTED TO OFFERING PATIENTS THE HIGHEST QUALITY, SAFETY FOCUSED MEDICAL SERVICES AVAILABLE IN THE AREA. SERVING THE COMMUNITY THROUGH A VARIETY OF PHYSICIANS' SERVICES INCLUDING PRIMARY CARE, ORTHOPEDICS, SPECIALTY CARE, GASTROENTEROLOGY, AND URGENT CARE.

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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 $8,321,599

Investment Income $0

Other Revenue $949,203

TOTAL REVENUE $9,270,802

Expense Breakdown

Grants Paid $0

Salaries & Benefits $11,359,617

Fundraising Expenses $0

Program Expenses $15,202,674

Other Expenses $4,420,450

TOTAL EXPENSES $15,780,067

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,270,802	$11,268,936	-0.2%
Expenses	$15,780,067	$16,327,438	0.0%
Net Income	$-6,509,265	$-5,058,502	+0.3%

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

111

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

$615,309

Total Directors

$615,309

Key Employees

$200,128

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JASON S FEINBERG MD	CHIEF MEDICAL OFFICER	16.00	Officer Director	$0	$63,828	$615,309
ANDRE FORCIER	VICE PRES PHYS NETWORK	16.00	Key Emp	$0	$28,440	$200,128
RAMAN DHAWAN MD	PHYSICIAN IOS	40.00	Highest	$989,766	$25,986	$1,015,752
JAMES MARK MD	PHYSICIAN IOS	40.00	Highest	$1,146,603	$27,438	$1,174,041
ANGEL DIAZ MD	PHYSICIAN GASTRO	40.00	Highest	$450,000	$52,452	$502,452
NICOLAI BAECHER MD	PHYSICIAN	40.00	Highest	$757,001	$27,500	$784,501
ANJANET PEREZ-COLON MD	PHYSICIAN GASTRO	40.00	Highest	$597,922	$26,712	$624,634

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	$9,270,802	$15,780,067	$9,968,133	$-6,509,265
2022	$11,268,936	$16,327,438	$7,380,108	$-5,058,502
2021	$16,548,064	$18,846,039	$8,604,423	$-2,297,975
2020	$21,093,137	$25,378,741	$9,382,474	$-4,285,604
2019	$21,378,747	$26,653,031	$13,508,832	$-5,274,284
2018	$21,478,094	$25,415,781	$14,828,218	$-3,937,687
2017	$21,001,587	$25,159,562	$12,310,721	$-4,157,975

FLH MEDICAL PC