TRIMARK PHYSICIANS GROUP

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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

LEAH GLASGO

Phone

5155743101

Tax Period

2024-01-01 to 2024-12-31

TRIMARK PHYSICIANS GROUP, founded in 2011, is a micro nonprofit in the Health Care sector that reported $15K in total revenue in fiscal year 2024. Revenue fell 49% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $15K, a strong 100% operating margin.

Mission

TRIMARK PHYSICIANS GROUP WORKS WITH PATIENTS, COMMUNITIES, HOSPITALS AND OTHER PHYSICIANS TO PROVIDE AND COORDINATE HIGH-QUALITY, LOW-COST HEALTHCARE SERVICES ACCESSIBLE TO ALL CITIZENS IN OUR AREA, IN A LOCAL SETTING. WE ACCEPT THE SOCIAL RESPONSIBILITY FOR SETTING THE STANDARD THAT WILL PRESERVE THE HEALTH OF THE PEOPLE WE SERVE.

Program Service Accomplishments

Program 1

Expenses: $0 Revenue: $15,273

HEALTH-CARE SERVICESTRIMARK PHYSICIANS GROUP IS AN IMPORTANT ELEMENT OF THE HEALTH-CARE DELIVERY SYSTEM THAT THE NORTH CENTRAL IOWA COMMUNITIES RELY ON EVERY DAY. IT IS COMMITTED TO PROVIDING QUALITY HEALTH CARE AND TO USING ITS RESOURCES TO THE GREATEST COMMUNITY BENEFIT. TRIMARK PHYSICIANS GROUP PROVIDES INPATIENT AND OUTPATIENT MEDICAL SERVICES TO TREAT INDIVIDUALS WITH DISEASES, ILLNESS AND INJURIES WITH VARYING COMPLEXITIES. IT PROVIDES SERVICES TO IMPROVE THE HEALTH OF PATIENTS AND TO BETTER THEIR QUALITY OF LIFE. ALL SERVICES ARE PROVIDED REGARDLESS OF AN INDIVIDUAL'S RACE, CREED, SEX, NATIONALITY, HANDICAP, AGE OR ABILITY TO COMPENSATE FOR SERVICES RENDERED. THESE INCLUDE, BUT ARE NOT LIMITED TO, ALLERGY, DERMATOLOGY, FOOT AND ANKLE, GASTROENTEROLOGY, NEPHROLOGY, OBSTETRICS/GYNECOLOGY, ORTHOPEDICS, PALLIATIVE CARE, PEDIATRICS, PULMONOLOGY, SURGERY, URGENT CARE, OUTPATIENT CLINICS AND CHECK-UPS. SOME OF THE SERVICES PROVIDED DO NOT GENERATE ENOUGH INCOME TO OFFSET THEIR COST.

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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 $0

Program Service Revenue $5,357

Investment Income $0

Other Revenue $9,916

TOTAL REVENUE $15,273

Expense Breakdown

Grants Paid $0

Salaries & Benefits $-575

Fundraising Expenses $0

Other Expenses $543

TOTAL EXPENSES $-32

Year-over-Year Comparison

	2024	2023	Change
Revenue	$15,273	$29,878	-0.5%
Expenses	$-32	$4,067	-1.0%
Net Income	$15,305	$25,811	-0.4%

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

N/A

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

$1,295,469

Total Directors

$2,076,082

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES CLAYTON	BOARD MEMBER	1.00	Director	$0	$0	$0
NEVEN CONRAD	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
CHRIS FRIDERES	BOARD SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
MIKE FRISCHMEYER	BOARD MEMBER	1.00	Director	$0	$0	$0
LEAH GLASGO	BOARD MEMBER & MARKET PRESIDENT	1.00	Officer Director	$0	$93,885	$602,275
DEBRA JOHNSON	BOARD MEMBER	1.00	Director	$0	$0	$14,500
KEITH KOLACIA	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL LEE MD	BOARD MEMBER	1.00	Director	$0	$33,258	$409,059
JILL NELSON TO 1024	BOARD MEMBER	1.00	Director	$0	$0	$0
LINCOLN WALLACE MD	BOARD VICE CHAIR	1.00	Officer Director	$0	$55,146	$366,002
MICHAEL WILLERTH MD	BOARD MEMBER	1.00	Director	$0	$43,691	$684,246
SARAH MARSH	MARKET VP FIN OPERATIONS	1.00	Officer	$0	$43,983	$327,192
SUSAN THOMPSON-IHS INT CEO TO 0221	FMR INT BOARD MBR & PRES (TO 1/19)	0.00		$0	$0	$323,055

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	$15,273	$-32	$16,386,420	$15,305
2023	$29,878	$4,067	$14,742,205	$25,811
2022	$29,829	$6,139	$13,132,261	$23,690
2021	$28,274	$-12,333	$16,823,462	$40,607
2020	$133,462	$35,091	$14,782,702	$98,371
2019	$226,263	$68,476	$14,045,261	$157,787
2018	$739,558	$376,793	$14,003,867	$362,765