TAMPA GENERAL MEDICAL GROUP INC

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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

KARNA PATEL MD

Phone

8138447000

Tax Period

2023-10-01 to 2024-09-30

TAMPA GENERAL MEDICAL GROUP INC, founded in 2010, is a mid-sized nonprofit in the Health Care sector that reported $78.7M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $153.2M exceeded revenue, resulting in a 95% operating deficit.

Mission

PROVIDE MEDICAL CARE TO MEMBERS OF THE TAMPA COMMUNITY REGARDLESS OF THEIR ABILITY TO PAY

Program Service Accomplishments

Program 1

Expenses: $130,325,268 Revenue: $78,696,251

TAMPA GENERAL MEDICAL GROUP INC (TGMG) OPERATES MULTIPLE OUTPATIENT CLINICS THAT EMPLOY PHYSICIANS, ADVANCED PRACTICE PROVIDERS, AND SUPPORT STAFF THAT PROVIDE BOTH PRIMARY AND SPECIALTY CARE. TGMG PROVIDES QUALITY MEDICAL CARE TO A WIDE CROSS-SECTION OF RESIDENTS IN THE TAMPA AREA, INCLUDING THOSE UNABLE TO PAY, THROUGH VARIOUS MEANS INCLUDING THE STATE MEDICAID PROGRAM, HILLSBOROUGH COUNTY HEALTHCARE PLAN, AND THROUGH ITS CHARITY CARE PROGRAM. DURING THE YEAR ENDED SEPTEMBER 30, 2024, THERE WERE XXX PATIENT VISITS AND OVER XXX PROCEDURES PERFORMED THROUGH THESE CLINICS.

Program 2

N/A

Program 3

N/A

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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 $425

Program Service Revenue $78,696,251

Investment Income $0

Other Revenue $0

TOTAL REVENUE $78,696,676

Expense Breakdown

Grants Paid $0

Salaries & Benefits $101,270,770

Fundraising Expenses $0

Program Expenses $130,325,268

Other Expenses $51,907,166

TOTAL EXPENSES $153,177,936

Year-over-Year Comparison

	2023	2022	Change
Revenue	$78,696,676	$69,038,886	+0.1%
Expenses	$153,177,936	$113,540,737	+0.3%
Net Income	$-74,481,260	$-44,501,851	+0.7%

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

144

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

$3,747,197

Total Directors

$5,299,255

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ADAM SMITH	DIRECTOR AND BOARD CHAIR	1.00	Officer Director	$0	$33,057	$1,036,845
PETER CHANG MD	DIRECTOR	1.00	Director	$0	$20,379	$518,305
MARK RUNYON	DIRECTOR	1.00	Officer Director	$0	$35,757	$1,384,154
KIRAN DHANIREDDY	DIRECTOR	1.00	Director	$0	$24,727	$1,474,408
JOANNA RAMIREZ MD	DIRECTOR	50.00	Director	$414,536	$38,378	$452,914
JOYCE THOMAS	DIRECTOR	50.00	Director	$388,640	$43,989	$432,629
HOLLY TOMLIN	DIRECTOR	1.00	Director	$0	$0	$0
JOHN HUNTER	DIRECTOR	1.00	Director	$0	$0	$0
KARNA PATEL MD	PRESIDENT	50.00	Officer	$0	$44,280	$455,596
NISHIT PATEL MD	SECRETARY	5.00	Officer	$0	$20,688	$476,652
LIJAH LOKENAUTH	TREASURER	5.00	Officer	$0	$42,861	$393,950
ANTONIO FARRALES MD	PHYSICIAN	50.00	Highest	$348,428	$17,459	$365,887
JOSE LOPEZ MD	PHYSICIAN	50.00	Highest	$572,533	$23,044	$595,577
DOUGLAS POLITZ MD	PHYSICIAN	50.00	Highest	$568,149	$28,153	$596,302
EMMA OCAMPO MD	PHYSICIAN	50.00	Highest	$137,330	$11,871	$149,201

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	$78,696,676	$153,177,936	$374,825,227	$-74,481,260
2023	$69,038,886	$113,540,737	$304,921,006	$-44,501,851
2022	$46,144,438	$87,376,310	$204,950,153	$-41,231,872
2020	$37,257,583	$61,683,667	$82,785,446	$-24,426,084
2019	$33,004,046	$56,805,031	$33,001,757	$-23,800,985
2018	$25,324,132	$46,613,368	$61,451,371	$-21,289,236