VIRTUA MEDICAL GROUP PA (EIN 271348772) - 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

JOHN MATSINGER

Phone

8563550620

Tax Period

2023-01-01 to 2023-12-31

VIRTUA MEDICAL GROUP PA, founded in 2009, is a major nonprofit in the Health Care sector that reported $460.3M in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $587.0M exceeded revenue, resulting in a 28% operating deficit.

Mission

OUR MISSION IS TO HELP THE COMMUNITY TO BE WELL, GET WELL AND STAY WELL.

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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 $28,490

Program Service Revenue $460,271,943

Investment Income $0

Other Revenue $0

TOTAL REVENUE $460,300,433

Expense Breakdown

Grants Paid $0

Salaries & Benefits $392,549,590

Fundraising Expenses $0

Program Expenses $559,829,179

Other Expenses $194,413,457

TOTAL EXPENSES $586,963,047

Year-over-Year Comparison

	2023	2022	Change
Revenue	$460,300,433	$361,983,423	+0.3%
Expenses	$586,963,047	$462,842,891	+0.3%
Net Income	$-126,662,614	$-100,859,468	+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

Employees

3221

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

$2,648,770

Total Directors

$2,648,770

Key Employees

$5,235,025

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHUN CHOI	VP CLINICAL OPERATION	40.00	Key Emp	$1,707,436	$57,766	$1,765,202
DARIUS P SHOLEVAR	LEAD PHYSICIAN	40.00	Highest	$1,590,995	$18,345	$1,609,340
JOHN M MATSINGER	PRESIDENT/EVP	0.10	Officer Director	$0	$56,571	$1,598,426
HEATH SALTZMAN	LEAD PHYSICIAN	40.00	Highest	$1,524,760	$30,115	$1,554,875
SEAN MCMILLAN	PHYSICIAN	40.00	Highest	$1,436,357	$60,816	$1,497,173
NASSER I YOUSSEF	PHYSICIAN	40.00	Highest	$1,245,233	$41,194	$1,286,427
RALPH E RUSSO	PHYSICIAN	40.00	Highest	$1,059,432	$49,937	$1,109,369
ERIC SZTEJMAN	VP MEDICAL DIRECTOR	40.00	Key Emp	$1,012,286	$57,071	$1,069,357
CRAIG ZARETSKY	PHYSICIAN	40.00	Key Emp	$951,314	$60,616	$1,011,930
REBECCA D LYNCH	SECRETARY/SVP	40.10	Officer Director	$507,625	$57,409	$565,034
SAMUEL DAVID WEINER	TREASURER/VP	40.10	Officer Director	$429,726	$55,584	$485,310
ROBERT BARON	VP OPERATIONS	40.00	Key Emp	$296,836	$58,780	$355,616
SARAH SIVON KING	VP OPERATIONS	40.00	Key Emp	$310,204	$41,747	$351,951
DIANE MILLER	VP OPERATIONS	40.00	Key Emp	$317,748	$29,780	$347,528
PATRICIA M LUBRANO	VP OPERATIONS	40.00	Key Emp	$317,610	$15,831	$333,441
JAMES P DWYER	COMMUNITY BOARD MEMBER	0.10	Director	$0	$0	$0

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	$460,300,433	$586,963,047	$209,740,674	$-126,662,614
2022	$361,983,423	$462,842,891	$157,745,323	$-100,859,468
2021	$361,744,001	$434,893,958	$152,730,010	$-73,149,957
2020	$238,443,738	$336,914,112	$139,534,325	$-98,470,374
2019	$196,558,751	$252,709,190	$127,593,422	$-56,150,439
2018	$169,478,642	$219,176,024	$87,702,590	$-49,697,382

VIRTUA MEDICAL GROUP PA