ASANTE PHYSICIAN PARTNERS (EIN 383849354) - 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

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

ENHANCE THE QUALITY AND COST-EFFECTIVE DELIVERY OF HEALTHCARE SERVICES IN THE COMMUNITY.

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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

ASANTE PHYSICIAN PARTNERS