FIRST CHOICE PHYSICIAN PARTNERS

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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

KRISTIN A TAYLOR

Phone

4698932645

Tax Period

2023-01-01 to 2023-12-31

FIRST CHOICE PHYSICIAN PARTNERS, founded in 2010, is a major nonprofit in the Health Care sector that reported $184.5M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

PROVIDE HEALTH CARE SERVICES AND PERFORM MEDICAL AND CLINICAL RESEARCH IN THE PUBLIC INTEREST.

Program Service Accomplishments

Program 1

Expenses: $171,647,334 Revenue: $117,785,261

FIRST CHOICE PHYSICIANS PARTNERS IS ORGANIZED AND OPERATED TO PROMOTE THE HEALTH AND WELL-BEING OF RESIDENTS IN THE COMMUNITIES IT SERVES THROUGH THE PROVISION OF HEALTH CARE IN A CHARITABLE MANNER. THE FOUNDATION PROVIDES HEALTH CARE SERVICES IN APPROXIMATELY TEN DIFFERENT MEDICAL AND SURGICAL SPECIALTIES THROUGH PROFESSIONAL AGREEMENT ARRANGEMENTS WITH BOTH PHYSICIANS AND PROVIDER FACILITIES.

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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 $66,700,000

Program Service Revenue $112,392,885

Investment Income $10,100

Other Revenue $5,392,376

TOTAL REVENUE $184,495,361

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,133,507

Fundraising Expenses $0

Program Expenses $171,647,334

Other Expenses $180,836,826

TOTAL EXPENSES $182,970,333

Year-over-Year Comparison

	2023	2022	Change
Revenue	$184,495,361	$168,073,406	+0.1%
Expenses	$182,970,333	$165,825,618	+0.1%
Net Income	$1,525,028	$2,247,788	-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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PHILIPP LUDWIG	DIRECTOR,PRESIDENT,CEO(START 1/24/23)	40.00	Officer Director	$0	$0	$0
SCOTT NELSON	DIRECTOR	40.00	Director	$0	$0	$0
JOHN B KELSALL	DIRECTOR	5.00	Director	$0	$0	$0
SUSAN BYRNE	DIRECTOR	5.00	Director	$0	$0	$0
TREY HORTON	TREASURER & SECRETARY	5.00	Officer	$0	$0	$0
KRISTIN A TAYLOR	ASSISTANT TREASURER	5.00	Officer	$0	$0	$0
SHARILEE SMITH	ASSISTANT TREASURER (START 11/13/23)	5.00	Officer	$0	$0	$0
JENNIFER HOWARD	MANAGER, MARKET PRACTICE OPERATIONS	40.00	Highest	$187,116	$0	$187,116
LISA R WALKER	MANAGER, MARKET PRACTICE OPERATIONS	40.00	Highest	$152,641	$0	$152,641
SAMANTHA NAVA	MANAGER, MARKET PRACTICE OPERATIONS	40.00	Highest	$143,191	$0	$143,191
KIM PATRICK	MANAGER, MARKET PRACTICE OPERATIONS	40.00	Highest	$141,691	$0	$141,691
MEGAN BUTLER	MANAGER, MARKET PRACTICE OPERATIONS	40.00	Highest	$139,899	$0	$139,899

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	$184,495,361	$182,970,333	$55,027,063	$1,525,028
2022	$168,073,406	$165,825,618	$55,743,052	$2,247,788
2021	$170,618,554	$170,011,313	$62,382,760	$607,241
2020	$169,496,929	$171,019,345	$63,939,765	$-1,522,416
2019	$152,234,843	$147,902,755	$55,719,128	$4,332,088
2018	$107,875,738	$105,803,772	$26,468,979	$2,071,966