HAMILTON PHYSICIAN GROUP INC (EIN 271198701) - 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

JEFFREY D MYERS

Phone

7068765000

Tax Period

2023-10-01 to 2024-09-30

HAMILTON PHYSICIAN GROUP INC, founded in 2009, is a mid-sized nonprofit in the Health Care sector that reported $29.0M in total revenue in fiscal year 2023. Expenses of $55.9M exceeded revenue, resulting in a 93% operating deficit.

Mission

HAMILTON PHYSICIAN GROUP (HPG) PROVIDES VARIOUS PHYSICIAN SPECIALTY SERVICES TO THE CITY OF DALTON AND WHITFIELD COUNTY. DURING THE FISCAL YEAR ENDED SEPTEMBER 30, 2024, HPG HAD 208,670 OUTPATIENT VISITS. HPG'S VISION IS TO SERVE THE NEEDS OF AREA RESIDENTS WITHOUT DISCRIMINATION AND REGARDLESS OF ABILITY TO PAY.

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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 $28,418,677

Investment Income $0

Other Revenue $552,241

TOTAL REVENUE $28,970,918

Expense Breakdown

Grants Paid $0

Salaries & Benefits $43,378,497

Fundraising Expenses $0

Program Expenses $55,312,947

Other Expenses $12,478,885

TOTAL EXPENSES $55,857,382

Year-over-Year Comparison

	2023	2022	Change
Revenue	$28,970,918	$29,802,754	0.0%
Expenses	$55,857,382	$52,052,503	+0.1%
Net Income	$-26,886,464	$-22,249,749	+0.2%

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

391

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

$4,942,742

Total Directors

$3,933,806

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ASHISH M KABIR MD	CHAIRMAN/PHYSICIAN	40.00	Officer Director	$558,672	$32,444	$591,116
ROBERT M CHANDLER	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
JEFFREY D MYERS	PRESIDENT/CEO AND TREASURER	1.00	Officer Director	$0	$119,279	$1,673,818
SANDRA D MCKENZIE	SECRETARY	1.00	Officer Director	$0	$56,457	$1,019,165
RICHARD FROMM MD	TRUSTEE	1.00	Director	$617,440	$32,267	$649,707
JULIE A SOEKORO	ASSISTANT TREASURER	1.00	Officer	$0	$109,497	$811,055
RANDALL F FOSTER	ASSISTANT TREASURER	1.00	Officer	$0	$13,002	$263,880
LISA LOVELACE	VICE PRESIDENT	1.00	Officer	$0	$48,610	$583,708
ATEET PATEL	PHYSICIAN	40.00	Highest	$818,587	$741	$819,328
JUSTIN HARE MD	PHYSICIAN	40.00	Highest	$1,116,577	$33,910	$1,150,487
BRANDEE ALBERT	PHYSICIAN	40.00	Highest	$752,068	$17,150	$769,218
STEVEN PAYNTER MD	PHYSICIAN	40.00	Highest	$760,451	$38,359	$798,810
DANIEL MARCADIS	PHYSICIAN	40.00	Highest	$715,493	$30,383	$745,876

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	$28,970,918	$55,857,382	$15,440,749	$-26,886,464
2023	$29,802,754	$52,052,503	$12,469,170	$-22,249,749
2022	$28,321,481	$43,893,132	$9,753,726	$-15,571,651
2021	$25,048,912	$40,016,260	$5,859,770	$-14,967,348
2020	$21,623,197	$39,643,758	$5,421,680	$-18,020,561
2019	$22,264,833	$36,601,961	$4,922,726	$-14,337,128
2018	$16,409,437	$30,027,980	$4,643,826	$-13,618,543

HAMILTON PHYSICIAN GROUP INC