TRIHEALTH PHYSICIAN ENTERPRISE CORP

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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

1993

Legal Domicile

Principal Officer

BRYAN STRADER MD

Phone

5135696575

Tax Period

2024-07-01 to 2025-06-30

TRIHEALTH PHYSICIAN ENTERPRISE CORP, founded in 1993, is a major nonprofit in the Health Care sector that reported $287.6M in total revenue in fiscal year 2024. Expenses of $384.7M exceeded revenue, resulting in a 34% operating deficit.

Mission

TRIHEALTH PHYSICIAN ENTERPRISE CORP. PROVIDES THE COMMUNITY WITH NECESSARY MEDICAL CARE THROUGH PRIMARY CARE AND SPECIALTY PHYSICIANS SUPPORTING THE MISSIONS OF BETHESDA HOSPITAL, INC. AND THE GOOD SAMARITAN HOSPITAL OF CINCINNATI, OHIO.

Program Service Accomplishments

Program 1

Expenses: $349,854,941 Revenue: $284,895,491

TRIHEALTH PHYSICIAN ENTERPRISE CORP. ("TPEC") IS THE SOLE MEMBER OF VARIOUS PHYSICIAN GROUPS ALIGNED WITH TRIHEALTH, INC. THE MORE THAN 200 PHYSICIANS PRACTICING WITHIN THESE GROUPS BENEFIT FROM AN INTERCONNECTIVITY WITH SERVICES AND INFORMATION AT TRIHEALTH HOSPITALS AND AMBULATORY CARE CENTERS. THIS RESULTS IN MORE STREAMLINED, PATIENT-FOCUSED CARE, PROVIDED WITH AN EMPHASIS ON QUALITY AND SAFETY. THE PHYSICIAN GROUPS INCLUDE PRIMARY CARE PHYSICIANS (FAMILY PRACTICE, GENERAL PRACTICE, GYNECOLOGY, INTERNAL MEDICINE, AND PEDIATRICS) AS WELL AS SPECIALIST PHYSICIANS (ALLERGY MEDICINE, COLORECTAL SURGERY, DERMATOLOGY, ENDOCRINOLOGY, GASTROENTEROLOGY, PHYSICIAL REHABILITATION, PODIATRY, OTOLARYNGOLOGY, RHEUMATOLOGY, ORTHOPEDICS).

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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 (2024)

Revenue Breakdown

Contributions & Grants $9,575

Program Service Revenue $284,106,547

Investment Income $-4,316

Other Revenue $3,493,527

TOTAL REVENUE $287,605,333

Expense Breakdown

Grants Paid $0

Salaries & Benefits $270,466,323

Fundraising Expenses $0

Program Expenses $349,854,941

Other Expenses $114,247,321

TOTAL EXPENSES $384,713,644

Year-over-Year Comparison

	2024	2023	Change
Revenue	$287,605,333	$269,233,688	+0.1%
Expenses	$384,713,644	$349,621,596	+0.1%
Net Income	$-97,108,311	$-80,387,908	+0.2%

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

2952

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

$3,444,100

Total Directors

$2,518,799

Key Employees

$1,171,115

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL CROFTON	TREASURER (7/24-6/25)	1.00	Officer Director	$0	$82,006	$606,906
MARLA SILLIMAN	CHAIRPERSON	1.00	Officer Director	$0	$61,154	$942,678
JOHN WARD	TRUSTEE	1.00	Director	$0	$87,697	$969,215
STEVE GRACEY	SECRETARY	1.00	Officer	$0	$89,778	$849,776
BRYAN STRADER MD	PRESIDENT	30.00	Officer	$0	$94,674	$1,044,740
VESTA JOHNS	ADMINISTRATIVE EXECUTIVE	30.00	Key Emp	$0	$116,304	$666,810
JASON SCHWARTZ	VP-CLINICAL SERVICE LINES	30.00	Key Emp	$0	$60,544	$504,305
KEVIN TYMITZ MD	PHYSICIAN	60.00	Highest	$1,143,576	$60,334	$1,203,910
GEORGE KERLAKIAN MD	PHYSICIAN	60.00	Highest	$1,047,246	$74,195	$1,121,441
SEAN LEWIS MD	PHYSICIAN	60.00	Highest	$1,207,173	$81,999	$1,289,172
BINH NGUYEN MD	PHYSICIAN	60.00	Highest	$1,244,050	$89,634	$1,333,684
JENNIFER WALKER MD	PHYSICIAN	60.00	Highest	$1,004,868	$75,647	$1,080,515
ANDREW DEVOE	FORMER OFFICER	0.00		$0	$32,905	$271,957
JEREMIAH KIRKLAND	FORMER KEY EMPLOYEE	0.00		$0	$109,018	$695,787

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	$287,605,333	$384,713,644	$108,996,993	$-97,108,311
2024	$269,233,688	$349,621,596	$105,708,185	$-80,387,908
2023	$257,524,962	$329,033,927	$89,655,924	$-71,508,965
2022	$331,824,574	$443,041,085	$75,608,404	$-111,216,511
2021	$433,667,375	$580,819,485	$103,275,223	$-147,152,110
2021	$433,667,375	$580,819,485	$103,275,223	$-147,152,110
2020	$384,030,749	$554,488,748	$100,864,979	$-170,457,999
2019	$393,545,834	$548,679,893	$83,209,479	$-155,134,059
2018	$386,745,780	$511,023,061	$69,177,305	$-124,277,281