THS PHYSICIAN PARTNERS INC

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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

GREG ROSENCRANCE

Phone

3047663528

Tax Period

2022-10-01 to 2023-09-30

THS PHYSICIAN PARTNERS INC, founded in 2012, is a mid-sized nonprofit in the Health Care sector that reported $36.2M in total revenue in fiscal year 2022. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $53.3M exceeded revenue, resulting in a 47% 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 THE KANAWHA VALLEY.

Program Service Accomplishments

Program 1

Expenses: $35,586,360 Revenue: $36,170,382

THOMAS HEALTH SYSTEM PHYSICIAN PARTNERS, INC. IS A MULTI- SPECIALTY PHYSICIAN GROUP THAT CONSIST OF 50 PHYSICIANS AND 27 MID-LEVEL PROVIDERS. CARE WAS PROVIDED TO OVER 282,669 PATIENTS FOR THE YEAR...

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $35,312,675

Investment Income $0

Other Revenue $857,707

TOTAL REVENUE $36,170,382

Expense Breakdown

Grants Paid $0

Salaries & Benefits $29,130,896

Fundraising Expenses $0

Program Expenses $35,586,360

Other Expenses $24,165,986

TOTAL EXPENSES $53,296,882

Year-over-Year Comparison

	2022	2021	Change
Revenue	$36,170,382	$28,197,920	+0.3%
Expenses	$53,296,882	$34,539,178	+0.5%
Net Income	$-17,126,500	$-6,341,258	+1.7%

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

$3,681,972

Total Directors

$4,364,360

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIMOTHY SKELDON	VICE CHAIR/ THS SR. VP FINANCE	1.00	Officer Director	$0	$39,671	$479,218
ALBERT WRIGHT	PRESIDENT/CEO WVUHS	1.00	Officer Director	$0	$384,491	$2,707,633
MATTHEW UPTON MD	SECRETARY/ SR. VP/CMO THOMAS HEALTH	20.00	Officer Director	$0	$39,373	$495,121
DANIEL J LAUFFER	DIRECTOR/TMH SERVICES PRESIDENT	1.00	Director	$0	$37,928	$682,388
GREG ROSENCRANCE MD	PRESIDENT/CEO AS OF 3/1/23	1.00	Officer	$0	$0	$0
MATTHEW STOVER MD	PHYSICIAN	40.00	Highest	$1,352,738	$31,699	$1,384,437
PHILLIP DAVID SURFACE MD	PHYSICIAN	40.00	Highest	$921,124	$20,534	$941,658
FREDDIE DOMINICK PERSINGER MD	PHYSICIAN	40.00	Highest	$1,232,021	$21,619	$1,253,640
BRUCE HAUPT MD	PHYSICIAN	40.00	Highest	$1,017,947	$31,597	$1,049,544
NARENDER R JOGENPALLY MD	PHYSICIAN	40.00	Highest	$955,150	$37,104	$992,254
BRIAN ULERY	FORMER PRESIDENT	1.00		$0	$14,288	$508,334
MARIA RENDINELL	FORMER EXEC DIR-THSPP TERMED 8/2022	20.00		$0	$12,016	$259,441

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