GASTROINTESTINAL SPECIALISTS FOUNDATION INC

EIN: 352461541 501(c)(3) Health Care

MEMPHIS, TN

Total Revenue
$9,554,892
Total Expenses
$14,296,691
Total Assets
$2,175,705
Net Assets
$-27,046,362
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
TN
Principal Officer
PAUL S BIERMAN MD
Phone
9012273627
Tax Period
2023-10-01 to 2024-09-30

GASTROINTESTINAL SPECIALISTS FOUNDATION INC, founded in 2012, is a community nonprofit in the Health Care sector that reported $9.6M in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $14.3M exceeded revenue, resulting in a 50% operating deficit.

Mission

GASTROINTESTINAL SPECIALISTS FOUNDATION, INC. IS A COMPREHENSIVE GASTROINTESTINAL MEDICAL PRACTICE AND OUR MISSION IS TO PROVIDE EXCEPTIONAL, UNPARALLELED QUALITY CARE.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $9,554,892
Investment Income $0
Other Revenue $0
TOTAL REVENUE $9,554,892

Expense Breakdown

Grants Paid $0
Salaries & Benefits $11,896,540
Fundraising Expenses $0
Program Expenses $12,854,583
Other Expenses $2,400,151
TOTAL EXPENSES $14,296,691

Year-over-Year Comparison

2023 2022 Change
Revenue $9,554,892 $7,828,401 +0.2%
Expenses $14,296,691 $11,522,683 +0.2%
Net Income $-4,741,799 $-3,694,282 +0.3%
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

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Governance

Voting Members
6
Independent Members
N/A
Employees
57
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
5
$5,827,704
Total Directors
6
$7,316,439
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KENNETH FIELDS MD VICE PRESIDENT/DIRECTOR/PHYSICIAN 37.50
Officer Director
$1,407,126 $114,586 $1,615,342
PAUL S BIERMAN MD PRESIDENT/DIRECTOR/PHYSICIAN 38.42
Officer Director
$1,241,989 $120,763 $1,414,351
GARY C ANDERSON DIRECTOR 0.04
Director
$0 $88,606 $1,300,745
EDWARD S FRIEDMAN MD PHYSICIAN/DIRECTOR 36.23
Director
$1,023,615 $110,557 $1,239,344
MARK E SWANSON MD CEO/DIRECTOR 0.04
Officer Director
$0 $24,823 $1,220,645
JUSTIN RHODES DIRECTOR (AS OF 09/24) 0.04
Director
$0 $84,677 $526,012
GREGORY M DUCKETT SECRETARY 0.04
Officer
$0 $90,318 $1,346,501
ANDREW D JETER CFO 0.50
Officer
$0 $43,316 $230,865
RANDELON SMITH MD PHYSICIAN 37.25
Highest
$953,723 $116,676 $1,142,066
GAURAV KISTANGARI MD PHYSICIAN 35.50
Highest
$904,340 $54,223 $1,072,252
ABDULLAH AL-RASHDAN MD PHYSICIAN 40.00
Highest
$281,964 $65,072 $347,036
MICHAEL W SIMS CRNA 40.00
Highest
$211,018 $63,427 $274,445
JOSEPH FELTMAN CRNA 40.00
Highest
$216,908 $46,271 $263,179
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 $9,554,892 $14,296,691 $2,175,705 $-4,741,799
2023 $7,828,401 $11,522,683 $1,448,805 $-3,694,282
2022 $8,433,781 $11,369,809 $2,013,583 $-2,936,028
2021 $9,945,071 $11,820,447 $2,648,333 $-1,875,376
2020 $8,214,856 $11,426,172 $2,654,388 $-3,211,316
2019 $9,034,381 $11,034,388 $1,314,540 $-2,000,007
2018 $7,904,336 $10,534,742 $915,115 $-2,630,406
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