FAIRFIELD HEALTHCARE PROFESSIONALS (EIN 311425884) - 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

1995

Legal Domicile

Principal Officer

JOHN R JANOSO JR

Phone

7406878051

Tax Period

2023-01-01 to 2023-12-31

FAIRFIELD HEALTHCARE PROFESSIONALS, founded in 1995, is a mid-sized nonprofit that reported $39.3M in total revenue in fiscal year 2023. Revenue grew 20% year-over-year, indicating healthy expansion. Expenses of $60.0M exceeded revenue, resulting in a 52% operating deficit.

Mission

FHP WAS ESTABLISHED TO PROVIDE ACCESS TO GENERAL AND SPECIALTY PHYSICIAN SERVICES IN VARIOUS COMMUNITIES THROUGHOUT FAIRFIELD COUNTY, OHIO AND SUPPORT THE MISSION OF THE FMC TO PROVIDE QUALITY MEDICAL HEALTHCARE.

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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 $3,037,731

Program Service Revenue $35,630,865

Investment Income $3,476

Other Revenue $674,304

TOTAL REVENUE $39,346,376

Expense Breakdown

Grants Paid $0

Salaries & Benefits $48,492,686

Fundraising Expenses $0

Program Expenses $53,691,021

Other Expenses $11,489,781

TOTAL EXPENSES $59,982,467

Year-over-Year Comparison

	2023	2022	Change
Revenue	$39,346,376	$32,818,623	+0.2%
Expenses	$59,982,467	$56,678,648	+0.1%
Net Income	$-20,636,091	$-23,860,025	-0.1%

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

402

Volunteers

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

$1,187,519

Total Directors

$1,187,519

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRAD HEDGES PHD	CHAIR	1.00	Officer Director	$0	$0	$0
MATT WIDEMAN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
LAURIE LACH	SECRETARY	1.00	Officer Director	$0	$0	$0
ALAN GREENSLADE	TREASURER	2.00	Officer Director	$0	$50,609	$377,189
LAURA TUSSING	DIRECTOR	1.00	Director	$0	$0	$0
RON BURRIS	DIRECTOR	1.00	Director	$0	$0	$0
JOHN R JANOSO JR	PRESIDENT & CEO	1.00	Officer Director	$0	$121,634	$810,330
MICHAEL REINIG MD	INTERVENTIONAL CARDIOLOGIS	40.00	Highest	$1,256,044	$45,661	$1,301,705
JARROD BRUCE MD	PULMONARY/CRITICAL CARE PHYSICIAN	40.00	Highest	$872,133	$48,582	$920,715
JOHN J LAZARUS MD	INTERVENTIONAL CARDIOLOGIS	40.00	Highest	$881,063	$41,141	$922,204
JEREMY BUCKLEY MD	INTERVENTIONAL CARDIOLOGIS	40.00	Highest	$868,564	$49,132	$917,696
ARYEH COHEN MD	CARDIOVASCULAR SURGEON	40.00	Highest	$914,610	$49,132	$963,742

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	No data	No data	No data	No data
2023	$39,346,376	$59,982,467	$19,334,097	$-20,636,091
2022	$32,818,623	$56,678,648	$18,355,946	$-23,860,025
2021	$34,643,375	$62,099,706	$17,709,490	$-27,456,331
2020	$29,049,260	$58,441,980	$12,181,823	$-29,392,720

FAIRFIELD HEALTHCARE PROFESSIONALS