Vidant Medical Group LLC (EIN 383740839) - 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

2006

Legal Domicile

Principal Officer

ANDREW K ZUKOWSKI

Phone

2528475129

Tax Period

2023-10-01 to 2024-09-30

Vidant Medical Group LLC, founded in 2006, is a major nonprofit in the Health Care sector that reported $336.6M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $477.3M exceeded revenue, resulting in a 42% operating deficit.

Mission

TO PROVIDE MEDICAL SERVICES IN EASTERN NORTH CAROLINA.

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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 $14,553

Program Service Revenue $336,566,319

Investment Income $12,537

Other Revenue $17,303

TOTAL REVENUE $336,610,712

Expense Breakdown

Grants Paid $0

Salaries & Benefits $315,817,690

Fundraising Expenses $0

Program Expenses $454,914,617

Other Expenses $161,510,062

TOTAL EXPENSES $477,327,752

Year-over-Year Comparison

	2023	2022	Change
Revenue	$336,610,712	$301,060,226	+0.1%
Expenses	$477,327,752	$413,705,233	+0.2%
Net Income	$-140,717,040	$-112,645,007	+0.2%

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

887

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

$2,652,058

Total Directors

$2,700,490

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL WALDRUM MD	Chief Executive Officer	2.0	Officer	$0	$368,120	$1,745,901
AARON DANISON	PHYSICIAN	40.0	Highest	$1,530,210	$46,484	$1,576,694
RICHARD HOLM	PHYSICIAN	40.0	Highest	$1,206,975	$44,640	$1,251,615
PRADEEP ARUMUGHAM	PHYSICIAN	40.0	Highest	$1,141,373	$39,473	$1,180,846
Richard Dalyai	PHYSICIAN	40.0	Highest	$1,042,039	$44,521	$1,086,560
PRASHANT MUDIREDDY	PHYSICIAN	40.0	Highest	$1,014,323	$38,249	$1,052,572
ANDY ZUKOWSKI	Chief Financial Officer	2.0	Officer	$0	$158,895	$906,157
JAY BRILEY THRU 524	PRESIDENT, ECU HEALTH COM HOSP	2.0	Director	$0	$175,853	$688,173
DAN DRAKE	PRESIDENT,ECUHP-AMBULATORY SVC	40.0	Director	$459,051	$210,180	$669,231
VAN SMITH AS OF 524	EXEC. VP, OPS ECUHMC	2.0	Director	$0	$180,449	$577,586
KENNETH ROBERT MD	MEDICAL DIRECTOR	40.0	Director	$328,953	$55,506	$384,459
ANTHONY BARTHOLOMEW	VP, OPERATIONS	40.0	Director	$316,021	$65,020	$381,041
DAVID S HUGHES	FORMER CFO	0.0		$0	$7,799	$275,186
JEFF BENNETT	MANAGER	2.0	Director	$0	$0	$0
JASON FOLTZ MD	MANAGER	2.0	Director	$0	$0	$0
JASON HIGGINSON MD	MANAGER	2.0	Director	$0	$0	$0

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	$336,610,712	$477,327,752	$91,207,294	$-140,717,040
2023	$301,060,226	$413,705,233	$90,937,214	$-112,645,007
2022	$294,163,581	$385,769,337	$82,859,110	$-91,605,756
2021	$254,516,172	$330,203,675	$55,574,083	$-75,687,503
2020	$234,380,811	$317,711,658	$52,000,944	$-83,330,847
2019	$242,937,006	$322,895,540	$44,945,042	$-79,958,534
2018	$210,729,230	$278,600,883	$46,341,159	$-67,871,653

Vidant Medical Group LLC