THS Physician Partners Inc (EIN 454395947) - 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

2012

Legal Domicile

Principal Officer

Gregory Rosencrance

Phone

3047663528

Tax Period

2023-10-01 to 2023-12-31

THS Physician Partners Inc, founded in 2012, is a mid-sized nonprofit in the Health Care sector that reported $12.4M in total revenue in fiscal year 2023. Revenue fell 66% from the prior year — a significant decline worth monitoring. Expenses of $18.9M exceeded revenue, resulting in a 53% operating deficit.

Mission

To establish, support, manage, and furnish facilities, personnel, and services to provide diagnostic, therapeutic, wellness, health promotion, and other professional medical services to the sick and injured residents of

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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 $0

Program Service Revenue $12,181,515

Investment Income $0

Other Revenue $226,122

TOTAL REVENUE $12,407,637

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,860,624

Fundraising Expenses $0

Program Expenses $18,223,963

Other Expenses $11,062,025

TOTAL EXPENSES $18,922,649

Year-over-Year Comparison

	2023	2022	Change
Revenue	$12,407,637	$36,170,382	-0.7%
Expenses	$18,922,649	$53,296,882	-0.6%
Net Income	$-6,515,012	$-17,126,500	-0.6%

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

N/A

Employees

N/A

Volunteers

N/A

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

$587,765

Total Directors

$4,997,585

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Albert L Wright Jr	Board President/CEO WVUHS	001.00	Director	$0	$409,396	$3,952,695
Freddie Dominick Persinger MD	Physician	040.00	Highest	$1,410,899	$25,874	$1,436,773
Matthew Stover MD	Physician	040.00	Highest	$1,265,879	$23,812	$1,289,691
Narender R Jogenpally MD	Physician	040.00	Highest	$1,111,811	$38,600	$1,150,411
John P Ponugupati MD	Physician	040.00	Highest	$1,028,267	$25,631	$1,053,898
Bruce Haupt MD	Physician	040.00	Highest	$924,925	$32,709	$957,634
Daniel Lauffer	Member	001.00	Director	$0	$38,586	$588,298
J Gregory Rosencrance	President Thomas Memorial Hospital	001.00	Officer	$0	$34,032	$587,765
Timothy Skeldon	Board Vice President/CFO THS	001.00	Director	$0	$45,905	$456,592
Matthew Upton MD	Board Secretary	001.00	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	No data	No data	No data	No data
2023	$36,170,382	$53,296,882	$11,383,458	$-17,126,500
2023	$12,407,637	$18,922,649	$12,046,268	$-6,515,012
2022	$28,197,920	$34,539,178	$5,078,292	$-6,341,258
2021	$23,777,461	$31,695,626	$4,628,803	$-7,918,165
2020	$20,010,314	$29,005,684	$2,817,853	$-8,995,370
2018	$21,264,861	$28,894,595	$1,650,761	$-7,629,734

THS Physician Partners Inc