WAYNE HEALTH PHYSICIANS

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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

2009

Legal Domicile

Phone

9197316142

Tax Period

2024-07-01 to 2025-06-30

Mission

THE MISSION OF WAYNE HEALTH PHYSICIANS IS TO PROVIDE THE COMMUNITY QUALITY HEALTHCARE SERVICES THROUGH THE COMPASSIONATE HANDS OF WELL-TRAINED STAFF IN A TECHNOLOGICALLY ADVANCED, COST-EFFECTIVE MANNER.

Program Service Accomplishments

Program 1

Expenses: $20,430 Revenue: $0

WAYNE HEALTH PHYSICIANS BRINGS THE EXCEPTIONAL QUALITY OF WAYNE MEMORIAL HOSPITAL TO CONVENIENT LOCATIONS THROUGHOUT WAYNE COUNTY AND BEYOND BY OFFERING FAMILIES ACCESS TO A DISTINCTIVE GROUP OF...

WAYNE HEALTH PHYSICIANS BRINGS THE EXCEPTIONAL QUALITY OF WAYNE MEMORIAL HOSPITAL TO CONVENIENT LOCATIONS THROUGHOUT WAYNE COUNTY AND BEYOND BY OFFERING FAMILIES ACCESS TO A DISTINCTIVE GROUP OF CARING PHYSICIANS IN A WIDE RANGE OF SPECIALTIES. IN SEPTEMBER 2017, THESE PROVIDERS AND THEIR SUPPORT STAFF WERE TRANSITIONED TO UNC PHYSICIANS NETWORK, COMPOSED OF PHYSICIAN PRACTICES ACROSS THE STATE OF NC, ALL ON A SINGLE INFORMATION SYSTEM PLATFORM. THE LOCAL HOSPITAL SYSTEM RETAINS THE ABILITY (THROUGH PARTICIPATION IN THE UNCPN BOARD) TO DIRECT ADDITIONAL PRACTICES TO APPROPRIATE LOCATIONS IN WAYNE COUNTY, AND WILL CONTINUE TO FUND THE SHORTFALLS BETWEEN PATIENT RECEIPTS AND PRACTICE EXPENSES FOR LOCAL PRACTICES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $20,430

Other Expenses $20,430

TOTAL EXPENSES $20,430

Year-over-Year Comparison

	2024	2023	Change
Revenue	N/A	N/A	N/A
Expenses	$20,430	$7,470	+1.7%
Net Income	N/A	$-7,470	N/A

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

N/A

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

$469,748

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JESSIE L TUCKER III	CHIEF EXECUTIVE OFFICER	1.0	Officer Director	$0	$0	$0
WILLIAM THOMA	CHIEF FINANCIAL OFFICER	1.0	Officer	$0	$45,647	$469,748

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	$20,430	$407,950	No data
2024	No data	$7,470	$428,380	No data
2023	No data	$17,804	$436,124	No data
2022	$2,980	$21,018	$453,662	$-18,038
2021	$-28,624	$2,758	$570,630	$-31,382
2020	$14,961	$41,860	$623,951	$-26,899
2019	$81,396	$74,569	$652,051	$6,827
2018	$3,221,417	$7,357,431	$962,139	$-4,136,014