ASANTE PHYSICIAN PARTNERS

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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

2011

Legal Domicile

Principal Officer

TOM GESSEL

Phone

5417895590

Tax Period

2023-10-01 to 2024-09-30

ASANTE PHYSICIAN PARTNERS, founded in 2011, is a mid-sized nonprofit in the Health Care sector that reported $60.8M in total revenue in fiscal year 2023. Expenses of $101.9M exceeded revenue, resulting in a 68% operating deficit.

Mission

ASANTE PHYSICIAN PARTNERS IS A MULTI-SPECIALTY PROVIDER GROUP, WITH APPROXIMATELY 400 PROVIDERS, THAT IS HEADQUARTERED IN MEDFORD, OREGON, AND HAS 25 CLINIC LOCATIONS IN SOUTHERN OREGON. ASANTE PHYSICIAN PARTNERS WAS ESTABLISHED FOR THE PURPOSE OF EMPLOYING AND MANAGING PHYSICIAN PROVIDERS (INCLUDING PRIMARY CARE, SPECIALTY CARE AND MID-LEVEL PROVIDERS) AND PHYSICIAN GROUP PRACTICES DELIVERING MEDICAL PROFESSIONAL SERVICES TO THE RESIDENTS OF ASHLAND, GRANTS PASS, MEDFORD AND SURROUNDING COMMUNITIES IN OREGON.

Program Service Accomplishments

Program 1

Expenses: $32,149,533 Revenue: $21,967,942

ASANTE PHYSICIAN PARTNERS, ASANTE'S EMPLOYED MEDICAL GROUP, IS A MULTISPECIALITY MEDICAL GROUP ENCOMPASSING 25 UNIQUE CLINIC SITES WITH 267 EMPLOYED PHYSICIANS AND 133 ADVANCED PRACTITIONERS. MOST...

ASANTE PHYSICIAN PARTNERS, ASANTE'S EMPLOYED MEDICAL GROUP, IS A MULTISPECIALITY MEDICAL GROUP ENCOMPASSING 25 UNIQUE CLINIC SITES WITH 267 EMPLOYED PHYSICIANS AND 133 ADVANCED PRACTITIONERS. MOST PHYSICIAN PRACTICES, AND IN PARTICULAR SPECIALTY PRACTICES, ARE LOCATED WITHIN THE MORE HEAVILY POPULATED CITIES (MEDFORD, GRANTS PASS, AND ASHLAND) IN THE PRIMARY SERVICE AREA OF JACKSON AND JOSEPHINE COUNTIES. ASANTE PHYSICIAN PARTNERS' LARGEST PROGRAM SERVICE ACCOMPLISHMENT FOR THE FISCAL YEAR ENDING SEPT. 30, 2024 WAS THE OPERATION OF ITS SPECIALITY AND SURGICAL SERVICES, WHICH SERVED 44,603 INDIVIDUALS WITH A TOTAL OF 100,037 VISITS. THIS ACCESS IS OF PARTICULAR BENEFIT TO THE UNDERSERVED IN THE COMMUNITY WITH THE VISITS INCLUDING 12,773 MEDICARE, 8,156 MEDICAID AND 900 UNINSURED PATIENTS, ACCOUNTING FOR 49% OF THE TOTAL VISITS TO ASANTE PHYSICIAN PARTNERS SPECIALITY AND SURGICAL SERVICES.

Program 2

Expenses: $34,820,367 Revenue: $29,273,712

ASANTE PHYSICIAN PARTNERS' SECOND LARGEST ACCOMPLISHMENT FOR FISCAL YEAR 2024 WAS THE OPERATION OF ITS PRIMARY CARE CLINICS. ASANTE PHYSICIAN PARTNER PRIMARY CARE CLINICS IN JACKSON AND JOSEPHINE...

ASANTE PHYSICIAN PARTNERS' SECOND LARGEST ACCOMPLISHMENT FOR FISCAL YEAR 2024 WAS THE OPERATION OF ITS PRIMARY CARE CLINICS. ASANTE PHYSICIAN PARTNER PRIMARY CARE CLINICS IN JACKSON AND JOSEPHINE COUNTIES SERVED 43,644 INDIVIDUALS WITH A TOTAL OF 145,819 PRIMARY CARE VISITS IN THE FISCAL YEAR ENDING SEPTEMBER 30, 2024. OF THOSE VISITS, 42,570 SERVED MEDICARE PATIENTS, 20,248 SERVED MEDICAID PATIENTS AND 3,461 SERVED THE UNINSURED, DEMONSTRATING THE BENEFIT TO THE UNDERSERVED IN THE COMMUNITY WITH THE PATIENTS SERVED COMPRISED OF 25% MEDICARE, 13% MEDICAID AND 2% UNINSURED PATIENTS AND THE VISITS COMPRISING 45% OF ALL PRIMARY CARE VISITS.

Program 3

Expenses: $19,166,845 Revenue: $9,441,620

ASANTE WORKS CONTINUOUSLY TO IMPROVE AVAILABILITY AND ACCESSIBILITY OF HEALTH CARE SERVICES IN OUR REGION, REDUCE COSTS AND ENHANCE THE QUALITY AND CONTINUITY OF HEALTH CARE SERVICES PROVIDED TO...

ASANTE WORKS CONTINUOUSLY TO IMPROVE AVAILABILITY AND ACCESSIBILITY OF HEALTH CARE SERVICES IN OUR REGION, REDUCE COSTS AND ENHANCE THE QUALITY AND CONTINUITY OF HEALTH CARE SERVICES PROVIDED TO PATIENTS. DURING FISCAL YEAR 2024, ASANTE RECRUITED 33 PHYSICIANS AND 29 ADVANCED PRACTIC PROVIDERS TO ASANTE TO SUPPORT THIS EFFORT. TO IMPROVE ACCESS AND AVAILABILITY THROUGHOUT THE REGION, ASANTE ALSO EVALUATES AND PURSUES STRATEGIC ALLIANCES WITH PHYSICIANS AND OTHER PROVIDERS INCLUDING JOINT VENTURES, PARTNERSHIPS, SERVICE LINE AGREEMENTS, PHYSICIAN SERVICE AGREEMENTS, PARTICIPATION IN ASANTE HEALTH NETWORK AND OTHER STRATEGIC RELATIONSHIPS. DURING FY24, ASANTE SUPPORTED COMMUNITY CLINICS IN THE RECRUITMENT OF PHYSICIANS AND ADVANCED PRACTICE PROVIDERS.

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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 $15,788

Program Service Revenue $60,741,183

Investment Income $0

Other Revenue $336

TOTAL REVENUE $60,757,307

Expense Breakdown

Grants Paid $0

Salaries & Benefits $82,160,665

Fundraising Expenses $0

Program Expenses $86,136,745

Other Expenses $19,692,325

TOTAL EXPENSES $101,852,990

Year-over-Year Comparison

	2023	2022	Change
Revenue	$60,757,307	$63,075,069	0.0%
Expenses	$101,852,990	$97,181,411	+0.0%
Net Income	$-41,095,683	$-34,106,342	+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

816

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

$4,027,946

Total Directors

$6,594,697

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRIS MORGAN MD	MEDICAL DOCTOR & CHAIR	40.00	Officer Director	$482,898	$42,690	$525,588
ANGIE SIMONSON	SVP OPERATIONS & TRUSTEE	1.00	Director	$0	$0	$200,000
JOHN GALLEN MD	MEDICAL DOCTOR & TRUSTEE	40.00	Director	$333,750	$45,803	$379,553
MEGAN FROST MD	MEDICAL DOCTOR & TRUSTEE	40.00	Director	$1,065,509	$31,763	$1,097,272
ERIC LOELIGER MD	ATRMC VP MEDICAL AFFAIRS & TRUSTEE	1.00	Officer Director	$0	$54,579	$568,785
SUE HAGAR MD	MEDICAL DOCTOR & TRUSTEE	40.00	Director	$369,200	$54,744	$423,944
TOM GESSEL	ASANTE CEO & TRUSTEE	1.00	Officer Director	$0	$5,770	$567,006
NICOLE ROTH MD	MEDICAL DOCTOR & TRUSTEE	40.00	Director	$438,431	$57,008	$495,439
DOUG WARD	VP OPERATIONS & TRUSTEE	40.00	Officer Director	$228,884	$41,551	$270,435
JAMES GREBOSKY	SVP AND CMO (THROUGH NOVEMBER 2023)	1.00	Officer Director	$0	$50,961	$908,337
RICHARD SCOTT NELSON MD	MEDICAL DOCTOR & TRUSTEE	40.00	Director	$1,122,033	$36,305	$1,158,338
PATRICIA WINTEMUTE	TRUTEE	1.00	Director	$0	$0	$0
HEATHER ROWENHORST	SVP, CFO & SECRETARY	1.00	Officer	$0	$56,900	$424,677
ROY VINYARD	INTERIM PRESIDENT & CEO	1.00	Officer	$0	$19,800	$763,118
CHARLES CARMECI MD	MEDICAL DOCTOR	40.00	Highest	$2,306,449	$53,220	$2,359,669
DONALD STOWELL MD	MEDICAL DOCTOR	40.00	Highest	$1,290,263	$36,903	$1,327,166
DANIEL KAHN MD	MEDICAL DOCTOR	40.00	Highest	$901,208	$49,114	$950,322
PETER CANNING MD	MEDICAL DOCTOR	1.00	Highest	$419,300	$21,067	$440,367
GLEN O'SULLIVAN MD	MEDICAL DOCTOR	40.00	Highest	$1,071,947	$45,450	$1,117,397

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	$60,757,307	$101,852,990	$19,446,658	$-41,095,683
2023	$63,075,069	$97,181,411	$24,365,596	$-34,106,342
2022	$70,531,215	$98,636,145	$28,141,586	$-28,104,930
2021	$78,692,705	$105,141,090	$27,348,229	$-26,448,385
2020	$68,506,445	$103,284,596	$27,184,469	$-34,778,151
2019	$69,919,138	$106,232,717	$29,448,583	$-36,313,579
2018	$67,697,017	$96,262,627	$32,294,234	$-28,565,610