PHYSICIAN ENTERPRISE LLC (EIN 270263214) - 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

MITCHELL SCHWARTZ

Phone

4434811308

Tax Period

2022-07-01 to 2023-06-30

PHYSICIAN ENTERPRISE LLC, founded in 2009, is a major nonprofit in the Health Care sector that reported $226.4M in total revenue in fiscal year 2022. Expenses of $266.8M exceeded revenue, resulting in a 18% operating deficit.

Mission

TO PROVIDE PHYSICIAN, DIAGNOSTIC, AND OTHER HEALTH CARE SERVICES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $498,075

Program Service Revenue $221,316,667

Investment Income $0

Other Revenue $4,618,626

TOTAL REVENUE $226,433,368

Expense Breakdown

Grants Paid $0

Salaries & Benefits $181,808,907

Fundraising Expenses $0

Program Expenses $226,398,036

Other Expenses $84,999,749

TOTAL EXPENSES $266,808,656

Year-over-Year Comparison

	2022	2021	Change
Revenue	$226,433,368	$225,688,914	+0.0%
Expenses	$266,808,656	$263,519,389	+0.0%
Net Income	$-40,375,288	$-37,830,475	+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

N/A

Employees

690

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

$1,708,230

Total Directors

$2,980,054

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MITCHELL SCHWARTZ MD	CHAIR/PRESIDENT	1.00	Officer Director	$967,579	$37,232	$1,004,811
KEVIN SMITH	CHIEF FINANCIAL OFFICER PY TRUSTEE	1.00	Officer Director	$0	$91,736	$703,419
PETER ODENWALD	BOARD MEMBER/LHCE COO	1.00	Director	$0	$61,539	$586,281
ANDREW P MCGLONE	BOARD MEMBER	40.00	Director	$384,063	$13,766	$397,829
ROXANNE LEIBA LAWRENCE	BOARD MEMBER	1.00	Director	$0	$31,587	$287,714
CHAD PATTON MD	PHYSICIAN	40.00	Highest	$1,309,690	$39,936	$1,349,626
JEFFREY GELFAND MD	PHYSICIAN/MEDICAL DIRECTOR	40.00	Highest	$1,294,095	$8,700	$1,302,795
BENJAMIN PETRE MD	PHYSICIAN	40.00	Highest	$1,244,333	$39,370	$1,283,703
PAUL KING MD	PHYSICIAN	40.00	Highest	$1,216,898	$47,241	$1,264,139
LEONID SELYA	PHYSICIAN	40.00	Highest	$1,170,934	$46,089	$1,217,023
VICTORIA W BAYLESS	LH CEO/FORMER OFFICER/DIRECTOR	1.00		$0	$290,314	$2,279,203
SHERRY PERKINS	FORMER BOARD MEMBER/ LHAAMC PRES	0.00		$0	$68,615	$1,100,172
ROBERT REILLY	FORMER TREASURER	0.00		$0	$24,846	$491,939

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	No data	No data	No data
2024	No data	No data	No data	No data
2023	$226,433,368	$266,808,656	$46,731,204	$-40,375,288
2022	$225,688,914	$263,519,389	$46,192,685	$-37,830,475
2021	$202,735,944	$233,404,356	$59,821,495	$-30,668,412
2020	$178,945,425	$199,642,368	$46,488,758	$-20,696,943
2019	$173,158,550	$185,714,291	$25,999,460	$-12,555,741
2018	$150,940,763	$166,755,416	$25,711,858	$-15,814,653

PHYSICIAN ENTERPRISE LLC