ASCENSION MEDICAL GROUP PROMED (EIN 383193801) - 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

1994

Legal Domicile

Phone

3147338000

Tax Period

2024-07-01 to 2025-06-30

ASCENSION MEDICAL GROUP PROMED, founded in 1994, is a mid-sized nonprofit in the Health Care sector that reported $98.4M in total revenue in fiscal year 2024. Expenses of $91.8M left a modest 7% surplus.

Mission

To improve the health and well-being of all people in the communities we serve.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,054

Program Service Revenue $96,970,987

Investment Income $0

Other Revenue $1,393,116

TOTAL REVENUE $98,365,157

Expense Breakdown

Grants Paid $0

Salaries & Benefits $68,536,136

Fundraising Expenses $0

Program Expenses $83,381,541

Other Expenses $23,239,238

TOTAL EXPENSES $91,775,374

Year-over-Year Comparison

	2024	2023	Change
Revenue	$98,365,157	$102,500,908	0.0%
Expenses	$91,775,374	$95,172,955	0.0%
Net Income	$6,589,783	$7,327,953	-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

251

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

$6,435,934

Total Directors

$7,763,821

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAROL L SCHMIDT	MINISTRY MARKET EXECUTIVE/PRESIDENT (END 9/2024)	0.0	Officer Director	$0	$45,856	$2,826,319
CHARLES BURLING DDS	VICE CHAIR (START 10/2024)	1.0	Officer Director	$0	$0	$0
DEAN DOUGLAS KINDLER MD	EX-OFFICIO/PRESIDENT (START 10/2024)	0.0	Officer Director	$0	$60,385	$866,856
JONI KNAPPER	CHAIR (START 10/2024)	1.0	Officer Director	$0	$0	$0
MARY ELLEN GONDECK SSJ	SECRETARY/TREASURER (START 10/2024)	1.0	Officer Director	$0	$0	$0
MICHAEL WIEMANN MD	EX-OFFICIO/PRESIDENT (END 9/2024)	0.0	Officer Director	$0	$46,106	$797,044
ROBERT PETER CAMARA DO	CHAIR (END 9/2024)	1.0	Officer Director	$0	$43,074	$368,434
DONALD R ELLIS III MD	DIRECTOR (END 9/2024)	0.0	Director	$0	$36,267	$292,880
JAMES BAILEY BABEL MD	DIRECTOR (START 10/2024)	1.0	Director	$0	$0	$12,056
JAMILA N TAYLOR MD	DIRECTOR (END 9/2024)	0.0	Director	$0	$22,909	$249,703
JASON BURCHARDT MD	DIRECTOR (START 10/2024)	1.0	Director	$0	$0	$0
JIM CONNELL DVM	DIRECTOR (START 10/2024)	1.0	Director	$0	$0	$0
KEVIN YOUNGS MD	DIRECTOR (END 9/2024)	0.0	Director	$0	$49,910	$368,205
LEONARD JOHNSON MD	DIRECTOR (END 9/2024)	0.0	Director	$0	$22,795	$328,772
MARCUS EBER DEGRAW MD	DIRECTOR (END 9/2024)	0.0	Director	$0	$51,258	$451,657
STUART R VERSEMAN MD	DIRECTOR/PHYSICIAN (END 9/2024)	50.0	Director	$684,860	$46,961	$731,821
SUSAN POZO	DIRECTOR (START 10/2024)	1.0	Director	$0	$0	$0
TIM DICKINSON MD	DIRECTOR (START 10/2024)	1.0	Director	$0	$0	$0
WILLIAM EDGAR MD	DIRECTOR (END 9/2024)	0.0	Director	$0	$36,100	$470,074
JULIE P ROKNICH	ASSISTANT SECRETARY (START 10/2024)	0.0	Officer	$0	$38,100	$431,255
MICHAEL MCCULLOUGH	CFO, MINISTRY MARKET	0.0	Officer	$0	$46,446	$1,146,026
JAGADEESH KUMAR KALAVAKUNTA MD	PHYSICIAN	50.0	Highest	$1,300,091	$64,176	$1,364,267
JOHN GARY GUSTAFSON MD	PHYSICIAN	50.0	Highest	$1,135,325	$61,122	$1,196,447
VEERA PAVAN K KOTARU MD	PHYSICIAN	50.0	Highest	$1,174,642	$61,670	$1,236,312
VISHAL GUPTA MD	PHYSICIAN	50.0	Highest	$1,376,075	$66,478	$1,442,553
ZHIGANG LIU MD	PHYSICIAN	50.0	Highest	$1,205,016	$59,981	$1,264,997
DOUGLAS TODD MYERS	FORMER OFFICER (END 3/2023)	0.0		$0	$0	$383,721
JONATHAN SAMUEL NALLI FACHE	FORMER OFFICER (END 12/2022)	0.0		$0	$6,250	$949,654
THOMAS KLEIN	FORMER OFFICER (END 6/2024)	0.0		$0	$30,358	$446,692

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	$98,365,157	$91,775,374	$6,751,856	$6,589,783
2024	No data	No data	No data	No data
2023	$98,522,990	$118,868,839	$7,678,950	$-20,345,849
2022	$96,475,688	$121,736,086	$8,303,013	$-25,260,398
2021	$91,054,014	$124,254,039	$11,680,037	$-33,200,025
2020	$78,824,301	$124,488,730	$6,982,417	$-45,664,429
2019	$80,070,064	$101,333,346	$11,936,551	$-21,263,282
2018	$75,995,768	$106,186,343	$15,681,520	$-30,190,575

ASCENSION MEDICAL GROUP PROMED