Virtual Health Medicine PC (EIN 274384326) - 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

MICHAEL J DOWLING

Phone

5163216058

Tax Period

2023-01-01 to 2023-12-31

Virtual Health Medicine PC, founded in 2010, is a community nonprofit in the Health Care sector that reported $1.8M in total revenue in fiscal year 2023. Revenue surged 28% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.3M, a strong 70% operating margin.

Mission

Virtual Health Medicine, PC STRIVES TO IMPROVE THE HEALTH OF THE COMMUNITIES IT SERVES AND IS COMMITTED TO PROVIDING THE HIGHEST QUALITY CLINICAL CARE.

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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 $1,841,170

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,841,170

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $401,528

Other Expenses $556,425

TOTAL EXPENSES $556,425

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,841,170	$1,437,150	+0.3%
Expenses	$556,425	$1,692,856	-0.7%
Net Income	$1,284,745	$-255,706	-6.0%

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

$15,368,099

Total Directors

$1,814,841

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
MICHAEL DOWLING	CEO	Officer	$0	$70,612	$9,042,544
DAVID BATTINELLI	President, Secretary & Treasur	Officer Director	$0	$78,569	$1,814,841
MICHELE CUSACK	CFO	Officer	$0	$78,507	$1,696,458
DEBORAH SCHIFF	EVP	Officer	$0	$64,679	$1,441,503
LAURENCE KRAEMER	Asst Sec, EVP & Gen Counsel	Officer	$0	$69,888	$1,372,753

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
2023	$1,841,170	$556,425	No data	$1,284,745
2022	$1,437,150	$1,692,856	No data	$-255,706
2021	$1,476,851	$2,105,660	$117,891	$-628,809
2020	$1,273,810	$1,938,117	No data	$-664,307

Virtual Health Medicine PC