CIRCLE HEALTH PHYSICIANS INC (EIN 273902914) - 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

AMY HOEY

Phone

9789376000

Tax Period

2023-10-01 to 2024-09-30

CIRCLE HEALTH PHYSICIANS INC, founded in 2009, is a mid-sized nonprofit in the Health Care sector that reported $75.1M in total revenue in fiscal year 2023. Expenses of $96.2M exceeded revenue, resulting in a 28% operating deficit.

Mission

THE CORPORATION SHALL BE OPERATED EXCLUSIVELY FOR THE CHARITABLE PURPOSE OF BENEFITING, SUPPORTING AND FURTHERING THE CHARITABLE ACTIVITIES OF LOWELL GENERAL HOSPITAL AND ORGANIZATIONS AFFILIATED WITH THE HOSPITAL.

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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 $75,053,901

Investment Income $0

Other Revenue $0

TOTAL REVENUE $75,053,901

Expense Breakdown

Grants Paid $0

Salaries & Benefits $66,803,205

Fundraising Expenses $0

Program Expenses $88,450,019

Other Expenses $29,354,129

TOTAL EXPENSES $96,157,334

Year-over-Year Comparison

	2023	2022	Change
Revenue	$75,053,901	$71,900,029	+0.0%
Expenses	$96,157,334	$87,593,673	+0.1%
Net Income	$-21,103,433	$-15,693,644	+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

N/A

Volunteers

186

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

$1,603,110

Total Directors

$933,698

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL DUBUQUE	CLERK	1.00	Officer Director	$0	$0	$0
AMY HOEY	PRESIDENT, EVP/COO	1.00	Officer Director	$0	$126,817	$933,698
ANDREW DEVOE	TREASURER/CFO	1.00	Officer Director	$0	$0	$0
ZACHARY REDMOND ESQ	SECRETARY	1.00	Officer	$0	$70,149	$669,412
MICHAEL BERTOS	PHYSICIAN	50.00	Highest	$1,034,639	$14,327	$1,048,966
LOUIS BRESNICK	PHYSICIAN	50.00	Highest	$1,007,060	$20,284	$1,027,344
OMAR ALI	PHYSICIAN	50.00	Highest	$773,347	$29,123	$802,470
KIRK MACNAUGHT	PHYSICIAN	50.00	Highest	$783,745	$15,133	$798,878
JAMES WATERS	PHYSICIAN	50.00	Highest	$781,606	$24,539	$806,145
JOSEPH WHITE	FMR. PRESIDENT/CEO (UNTIL 9/23)	0.00		$0	$23,483	$1,140,951
WILLIAM F WYMAN	FMR SR VP OF OPS/TREAS/ASST CLERK	0.00		$0	$60,460	$559,650
SUSAN GREEN	FMR. SR. VP & CFO & TREAS.	0.00		$0	$38,808	$1,085,892

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	$75,053,901	$96,157,334	$31,343,553	$-21,103,433
2023	$71,900,029	$87,593,673	$24,975,751	$-15,693,644
2022	$68,600,363	$80,006,807	$22,386,321	$-11,406,444
2021	$78,082,073	$83,922,409	$24,693,078	$-5,840,336
2020	$62,760,734	$68,820,965	$26,412,271	$-6,060,231
2019	$49,416,984	$61,590,621	$12,464,968	$-12,173,637
2018	$45,939,997	$54,848,827	$12,738,532	$-8,908,830

CIRCLE HEALTH PHYSICIANS INC