Elliot Professional Services Network Inc (EIN 331003630) - 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

2004

Legal Domicile

Principal Officer

William G Baxter

Phone

6036638914

Tax Period

2023-07-01 to 2024-06-30

Elliot Professional Services Network Inc, founded in 2004, is a mid-sized nonprofit in the Health Care sector that reported $81.9M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $127.2M exceeded revenue, resulting in a 55% operating deficit.

Mission

To promote the charitable, medical and scientific, and educational purposes of the Elliot Health System and its affiliated organizations through the employment of physicians and other professional personnel to provide medical care to those in need.

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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 $55,221

Program Service Revenue $81,817,818

Investment Income $0

Other Revenue $0

TOTAL REVENUE $81,873,039

Expense Breakdown

Grants Paid $0

Salaries & Benefits $111,566,377

Fundraising Expenses $0

Program Expenses $124,323,295

Other Expenses $15,591,713

TOTAL EXPENSES $127,158,090

Year-over-Year Comparison

	2023	2022	Change
Revenue	$81,873,039	$74,966,433	+0.1%
Expenses	$127,158,090	$116,821,735	+0.1%
Net Income	$-45,285,051	$-41,855,302	+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

347

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

$2,702,047

Total Directors

$4,624,155

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Marina Feldman MD	Trustee	41.00	Director	$798,114	$47,849	$845,963
William G Baxter	President & CEO	1.00	Officer Director	$0	$206,206	$1,994,170
Todd Burdette MD	Trustee	41.00	Director	$653,245	$40,966	$694,211
Maria Boylan DO	Trustee	1.00	Director	$0	$39,642	$332,351
Matthew Ryzewski MD	Trustee	41.00	Director	$366,795	$38,759	$405,554
Elizabeth Saich MD	Trustee	41.00	Director	$308,717	$43,189	$351,906
David Cuzzi	Trustee	1.00	Director	$0	$0	$0
Michael Decelle	Trustee	1.00	Director	$0	$0	$0
Stephen Langan	Chair/Trustee	1.00	Officer Director	$0	$0	$0
Michael Turilli	CFO	1.00	Officer	$0	$110,268	$707,877
Dmitriy Kedrin MD	Physician	40.00	Highest	$826,997	$40,025	$867,022
Bryan Lawless MD	Physician	40.00	Highest	$890,936	$43,237	$934,173
Paul J Scibetta DO	Physician	40.00	Highest	$816,703	$31,610	$848,313
Bryan Houseman DO	Physician	40.00	Highest	$809,563	$39,733	$849,296
Robert Parisien MD	Physician	40.00	Highest	$1,037,538	$39,368	$1,076,906

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	$81,873,039	$127,158,090	$5,882,761	$-45,285,051
2023	$74,966,433	$116,821,735	$4,490,236	$-41,855,302
2022	$71,336,268	$108,176,761	$2,630,449	$-36,840,493
2021	$65,848,215	$101,446,491	$5,743,357	$-35,598,276
2020	$59,640,761	$96,451,981	$3,286,938	$-36,811,220
2019	$60,581,207	$95,343,309	$5,651,299	$-34,762,102
2018	$57,447,917	$90,877,735	$6,689,672	$-33,429,818

Elliot Professional Services Network Inc