WRIGHT STATE PHYSICIANS INC (EIN 311352092) - 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

1992

Legal Domicile

Principal Officer

KIM REX

Phone

9372599900

Tax Period

2023-07-01 to 2024-06-30

WRIGHT STATE PHYSICIANS INC, founded in 1992, is a mid-sized nonprofit in the Health Care sector that reported $29.1M in total revenue in fiscal year 2023.

Mission

TO PROVIDE CLINICAL SERVICES FOR PATIENTS, ENGAGE IN SCIENTIFIC AND MEDICAL RESEARCH, SUPPORT AND ENHANCE THE MEDICAL EDUCATION PROGRAM AT WRIGHT STATE UNIVERSITY.

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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 $28,790,351

Investment Income $263,126

Other Revenue $0

TOTAL REVENUE $29,053,477

Expense Breakdown

Grants Paid $214,866

Salaries & Benefits $21,947,761

Fundraising Expenses $0

Program Expenses $23,962,719

Other Expenses $7,921,336

TOTAL EXPENSES $30,083,963

Year-over-Year Comparison

	2023	2022	Change
Revenue	$29,053,477	$29,303,801	0.0%
Expenses	$30,083,963	$28,945,685	+0.0%
Net Income	$-1,030,486	$358,116	-3.9%

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

356

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

$1,480,053

Total Directors

$5,527,180

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KARYN K DAY	DIRECTOR OF REVENUE CYCLE	40.00	Director	$101,673	$7,695	$109,368
JAMES E BROWN MD	TREASURER	24.00	Officer Director	$99,334	$17,975	$428,588
JOHN C DUBY MD	DIRECTOR	24.00	Director	$183,417	$34,998	$490,351
HARMINDER GREWAL MD	DIRECTOR	24.00	Director	$56,381	$12,208	$280,197
PETER EKEH MD	DIRECTOR	24.00	Director	$305,015	$59,611	$526,029
JULIE GENTILE MD	DIRECTOR	24.00	Director	$237,462	$42,659	$593,025
KELLY RABAH	DIRECTOR - QUALITY/COMPLIANCE	40.00	Officer Director	$24,161	$1,830	$25,991
JOSHUA RYDER-MILLER	DIRECTOR - PHYSICIAN SERVICES	40.00	Officer Director	$99,340	$7,987	$107,327
PETER REYNOLDS MD	DIRECTOR	24.00	Director	$0	$0	$245,158
GLEN D SOLOMON MD	VICE PRESIDENT	24.00	Officer Director	$58,191	$10,746	$469,495
KAREN MARIE VANZANT	DIRECTOR OF HUMAN RESOURCES	40.00	Officer Director	$118,868	$9,609	$128,477
JULIAN TREVINO MD	DIRECTOR	24.00	Director	$60,554	$11,269	$202,172
RANDY WOODS MD	DIRECTOR	24.00	Director	$160,149	$29,934	$589,731
DAVID DHANRAJ MD	DIRECTOR	24.00	Director	$249,685	$50,174	$536,507
VALERIE D WEBER	PRESIDENT	24.00	Director	$0	$0	$711,145
TERRI ZALAT	DIRECTOR OF PRACTICE OPERATIOINS	40.00	Director	$76,463	$7,156	$83,619
AMANDA C CARSON-SPYCHALSKI	DIRECTOR OF FINANCE	40.00	Officer	$9,625	$1,473	$97,059
KIMBERLY REX MHA	CEO	40.00	Officer	$50,000	$3,750	$223,116
CHRISTOPHER SCHNEIDER	PHYSICIAN	40.00	Highest	$580,147	$24,750	$604,897
ANN BURKE MD	PHYSICIAN	24.00	Highest	$316,179	$66,000	$576,718
JOHN BRUUN MD	PHYSICIAN	40.00	Highest	$431,819	$24,750	$456,569
YEE WONG MD	PHYSICIAN	40.00	Highest	$507,774	$24,750	$532,524
ALYSSA GANS	PHYSICIAN	24.00	Highest	$380,052	$41,847	$555,547

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
2025	No data	No data	No data	No data
2024	$29,053,477	$30,083,963	$25,562,590	$-1,030,486
2023	$29,303,801	$28,945,685	$25,769,382	$358,116
2022	$29,051,614	$29,493,311	$24,331,257	$-441,697
2021	$30,346,459	$28,597,587	$26,608,089	$1,748,872
2020	$27,514,013	$26,289,499	$26,291,046	$1,224,514
2019	$25,594,989	$26,356,741	$22,713,015	$-761,752
2018	$31,360,948	$31,873,785	$24,117,718	$-512,837

WRIGHT STATE PHYSICIANS INC