MONTAGE MEDICAL GROUP (EIN 264826604) - 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

2009

Legal Domicile

Principal Officer

STEVEN PACKER

Phone

8317189720

Tax Period

2023-01-01 to 2023-12-31

MONTAGE MEDICAL GROUP, founded in 2009, is a mid-sized nonprofit in the Health Care sector that reported $40.6M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $77.1M exceeded revenue, resulting in a 90% operating deficit.

Mission

TO PROVIDE HEALTH CARE FOR THE GENERAL PUBLIC, CARRY ON ANY EDUCATIONAL ACTIVITIES RELATED TO RENDERING CARE TO THE SICK OR INJURED, AND TO PARTICIPATE IN SCIENTIFIC HEALTHCARE-RELATED RESEARCH TO PROMOTE THE GENERAL HEALTH OF THE COMMUNITY.

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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 $2,105,728

Program Service Revenue $38,503,498

Investment Income $0

Other Revenue $0

TOTAL REVENUE $40,609,226

Expense Breakdown

Grants Paid $0

Salaries & Benefits $61,329,637

Fundraising Expenses $0

Program Expenses $72,023,534

Other Expenses $15,740,232

TOTAL EXPENSES $77,069,869

Year-over-Year Comparison

	2023	2022	Change
Revenue	$40,609,226	$35,998,443	+0.1%
Expenses	$77,069,869	$61,175,742	+0.3%
Net Income	$-36,460,643	$-25,177,299	+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

Employees

374

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

$4,568,173

Total Directors

$3,597,533

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVEN PACKER MD	PRESIDENT & CEO	10.00	Officer Director	$0	$550,160	$2,738,678
GRACE CASSERLY MD	DIRECTOR	50.00	Director	$438,342	$32,516	$470,858
THOMAS CUNNINGHAM MD	DIRECTOR	50.00	Director	$362,044	$25,953	$387,997
RANDALL CHARLES	CHAIR	9.00	Officer Director	$0	$0	$0
JACK JEWETT	DIRECTOR	2.00	Director	$0	$0	$0
STAN MCKEE	DIRECTOR	2.00	Director	$0	$0	$0
WAYNE MOON	DIRECTOR	2.00	Director	$0	$0	$0
NATALIE NIELSON	DIRECTOR	2.00	Director	$0	$0	$0
MARK CARVALHO MD	VP, CEO OF MMG AND MOGO	45.00	Officer	$0	$130,716	$919,584
MATTHEW MORGAN	VP, CFO	2.00	Officer	$0	$151,303	$909,911
STEVEN LOME DO	PHYSICIAN	50.00	Highest	$1,120,194	$52,734	$1,172,928
MARK VIERRA MD	PHYSICIAN	50.00	Highest	$1,036,199	$41,256	$1,077,455
STEVEN CHANG MD	PHYSICIAN	50.00	Highest	$934,418	$25,953	$960,371
GREGORY SPOWART MD	PHYSICIAN	50.00	Highest	$927,150	$28,056	$955,206
LARRY BERTE MD	PHYSICIAN	50.00	Highest	$867,126	$25,953	$893,079
LAURA ZEHM	FORMER DIRECTOR	0.00		$0	$0	$614,317

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	$40,609,226	$77,069,869	$5,406,018	$-36,460,643
2022	$35,998,443	$61,175,742	$4,884,874	$-25,177,299
2021	$54,870,218	$58,412,705	$6,246,074	$-3,542,487
2020	$52,709,173	$48,165,480	$6,330,652	$4,543,693
2019	$30,108,419	$45,290,303	$7,809,381	$-15,181,884
2018	$17,718,888	$28,241,996	$5,737,218	$-10,523,108

MONTAGE MEDICAL GROUP