SOMC MEDICAL GROUP PC (EIN 271412183) - 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

2010

Legal Domicile

Principal Officer

JAMES CLARKE MD

Phone

5513677160

Tax Period

2024-01-01 to 2024-12-31

SOMC MEDICAL GROUP PC, founded in 2010, is a mid-sized nonprofit in the Health Care sector that reported $16.5M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion.

Mission

THE CORPORATION WILL FURTHER THE CHARITABLE AND HEALTHCARE PURPOSES OF HACKENSACK MERIDIAN HEALTH, INC. AND ITS INTERNAL REVENUE CODE 501(C)(3) TAX-EXEMPT AFFILIATES.

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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 $1,041,598

Program Service Revenue $15,454,761

Investment Income $0

Other Revenue $0

TOTAL REVENUE $16,496,359

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $15,561,970

Other Expenses $16,496,359

TOTAL EXPENSES $16,496,359

Year-over-Year Comparison

	2024	2023	Change
Revenue	$16,496,359	$15,259,320	+0.1%
Expenses	$16,496,359	$15,258,677	+0.1%
Net Income	$0	$643	-1.0%

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

$4,252,662

Total Directors

$4,252,662

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KENNETH N SABLE MD	VICE PRESIDENT & SECRETARY	2.50	Officer Director	$0	$541,200	$2,825,416
JAMES CLARKE MD	PRESIDENT & TREASURER	2.50	Officer Director	$0	$46,901	$1,427,246

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	$16,496,359	$16,496,359	$4,309,754	No data
2023	$15,259,320	$15,258,677	$3,719,717	$643
2022	$15,434,671	$15,434,671	$3,715,479	No data
2021	$21,081,550	$21,081,550	$2,802,816	No data
2020	$17,556,296	$17,556,296	$3,243,219	No data
2019	$12,483,097	$12,483,097	$1,204,570	No data
2018	$11,862,205	$11,862,205	$1,045,700	No data

SOMC MEDICAL GROUP PC