NORTHEAST MEDICAL GROUP PLLC (EIN 352380180) - 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

2010

Legal Domicile

Principal Officer

HERBERT ARCHER

Phone

2036880580

Tax Period

2023-10-01 to 2024-09-30

NORTHEAST MEDICAL GROUP PLLC, founded in 2010, is a community nonprofit in the Health Care sector that reported $7.0M in total revenue in fiscal year 2023. Expenses of $10.5M exceeded revenue, resulting in a 50% operating deficit.

Mission

TO RENDER AND PROMOTE A HIGH QUALITY OF MEDICAL CARE SERVICES.

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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 $5,217,770

Investment Income $0

Other Revenue $1,749,911

TOTAL REVENUE $6,967,681

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,371,243

Fundraising Expenses $0

Program Expenses $9,436,884

Other Expenses $3,086,422

TOTAL EXPENSES $10,457,665

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,967,681	$6,734,801	+0.0%
Expenses	$10,457,665	$9,812,676	+0.1%
Net Income	$-3,489,984	$-3,077,875	+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

N/A

Employees

N/A

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

$990,326

Total Directors

$990,326

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRANKLIN LORIA	TREASURER & SECR/TRUSTEE	1.00	Officer Director	$0	$52,830	$538,220
HERBERT ARCHER	PRESIDENT/TRUSTEE	1.00	Officer Director	$0	$55,518	$452,106

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	$6,967,681	$10,457,665	$1,328,852	$-3,489,984
2023	$6,734,801	$9,812,676	$1,227,073	$-3,077,875
2022	$6,536,538	$10,198,447	$21,956,801	$-3,661,909
2021	$5,588,513	$7,665,811	$17,159,134	$-2,077,298
2020	$4,795,291	$9,367,074	$13,172,094	$-4,571,783
2019	$4,223,960	$8,881,235	$9,680,403	$-4,657,275
2018	$2,914,118	$6,762,811	$5,654,588	$-3,848,693

NORTHEAST MEDICAL GROUP PLLC