Hartford HealthCare Medical Group Specialists PLLC (EIN 371911194) - 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

2018

Legal Domicile

Principal Officer

Mark Prete

Phone

8606966282

Tax Period

2023-10-01 to 2024-09-30

Hartford HealthCare Medical Group Specialists PLLC, founded in 2018, is a major nonprofit in the Mental Health sector that reported $694.9M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

The Mission of Hartford HealthCare Medical Group Specialists, PLLC is to put the patients first, provide coordinated quality care and value, exceed the expectations of patients, providers, staff and the community that it serves.

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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 $692,925,835

Investment Income $-463,517

Other Revenue $2,421,124

TOTAL REVENUE $694,883,442

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $669,875,851

Other Expenses $694,576,780

TOTAL EXPENSES $694,576,780

Year-over-Year Comparison

	2023	2022	Change
Revenue	$694,883,442	$637,132,371	+0.1%
Expenses	$694,576,780	$637,097,140	+0.1%
Net Income	$306,662	$35,231	+7.7%

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

$4,501,792

Total Directors

$6,660,241

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jeff Cohen MD	Director/ Chair	2.00	Officer Director	$0	$85,698	$1,531,039
Cynthia Heller	Director (Thru 01/24)	1.00	Director	$0	$43,222	$594,652
Michael Daglio	Director (Thru 04/24)	1.00	Director	$0	$188,591	$1,488,416
Padmanabhan Premkumar MD	Director/ Vice Chair	2.00	Officer Director	$0	$128,185	$733,634
Cara Riddle DO	Director	1.00	Director	$0	$23,829	$382,846
Ajay Kumar MD	Director	1.00	Director	$0	$183,792	$1,360,247
Andrew Carroll	VP, Specialty Care Operations	30.00	Director	$0	$56,275	$324,016
Toni Robinson	VP, Specialty Care Operations	30.00	Director	$0	$40,860	$245,391
David Baranik	VP, Finance	7.00	Officer	$0	$28,244	$455,393
Susan Barrett MD	VP, Primary Care Operations	30.00	Officer	$0	$40,110	$543,421
Mark Vye	VP, Specialty Care Operations	30.00	Officer	$0	$56,984	$471,867
Carla Nunziante	VP, Growth & Acqusitions	30.00	Officer	$0	$67,587	$414,634
Brian Miller	VP, Human Resources	30.00	Officer	$0	$26,383	$351,804
Mark Prete	Former Dir & President	0.00		$0	$21,952	$379,634

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	$694,883,442	$694,576,780	$158,673,961	$306,662
2023	$637,132,371	$637,097,140	$145,022,109	$35,231
2022	$574,873,964	$574,815,904	$144,280,241	$58,060
2021	$531,551,896	$531,500,591	$118,845,143	$51,305
2020	$310,414,200	$310,425,477	$46,647,687	$-11,277
2019	$75,443,424	$75,438,982	$24,268,252	$4,442

Hartford HealthCare Medical Group Specialists PLLC