KENNEDY MEDICAL GROUP PRACTICE PC

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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

EDMUND PRIBITKIN MD MBA

Phone

8566615100

Tax Period

2022-07-01 to 2023-06-30

KENNEDY MEDICAL GROUP PRACTICE PC, founded in 2012, is a major nonprofit in the Health Care sector that reported $133.7M in total revenue in fiscal year 2022. Revenue surged 46% from the prior year, signaling strong growth momentum.

Mission

THE ORGANIZATION OPERATES AS A NETWORK WHICH PROVIDES THE HIGHEST QUALITY PRIMARY AND SPECIALTY HEALTHCARE SERVICES THROUGHOUT SOUTH JERSEY. ADDITIONALLY, THE ORGANIZATION OPERATES IN FURTHERANCE OF THE CHARITABLE PURPOSES OF KENNEDY UNIVERSITY HOSPITAL, INC.; A RELATED INTERNAL REVENUE CODE SECTION 501(C)(3) TAX EXEMPT ORGANIZATION THAT PROVIDES MEDICALLY NECESSARY HEALTHCARE SERVICES TO ALL INDIVIDUALS IN A NON-DISCRIMINATORY MANNER REGARDLESS OF RACE, COLOR, CREED, SEX, NATIONAL ORIGIN OR ABILITY TO PAY.

Program Service Accomplishments

Program 1

Expenses: $125,589,845 Revenue: $129,983,075

EXPENSES INCURRED IN PROVIDING PHYSICIAN SERVICES, PRACTICING MEDICINE AND SURGERY THROUGH DULY LICENSED PHYSICIANS AND SURGEONS IN A MANNER BENEFICIAL TO THE COMMUNITY AND IN FURTHERANCE OF THE...

EXPENSES INCURRED IN PROVIDING PHYSICIAN SERVICES, PRACTICING MEDICINE AND SURGERY THROUGH DULY LICENSED PHYSICIANS AND SURGEONS IN A MANNER BENEFICIAL TO THE COMMUNITY AND IN FURTHERANCE OF THE CHARITABLE AND EDUCATIONAL PURPOSES OF THOMAS JEFFERSON UNIVERSITY AND JEFFERSON HEALTH AFFILIATES.

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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 $3,718,835

Program Service Revenue $129,983,075

Investment Income $17,044

Other Revenue $0

TOTAL REVENUE $133,718,954

Expense Breakdown

Grants Paid $0

Salaries & Benefits $104,680,976

Fundraising Expenses $35,274

Program Expenses $125,589,845

Other Expenses $27,533,649

TOTAL EXPENSES $132,214,625

Year-over-Year Comparison

	2022	2021	Change
Revenue	$133,718,954	$91,785,357	+0.5%
Expenses	$132,214,625	$125,565,809	+0.1%
Net Income	$1,504,329	$-33,780,452	-1.0%

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

767

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

$382,689

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
C JONATHAN FOSTER DO	GASTROENTEROLOGY	55.0	Highest	$926,269	$20,142	$1,042,722
ROBIN WILSON-SMITH DO	GYNECOLOGIC ONCOLOGIST	55.0	Highest	$797,887	$42,603	$840,490
LINDA SZCZUREK DO	SURGEON	55.0	Highest	$772,148	$17,371	$789,519
DAVID W GOLDSTEIN DO	RADIOLOGIST	55.0	Highest	$625,729	$42,618	$668,347
BRIAN BLAIR DO	GASTROENTEROLOGY	55.0	Highest	$625,421	$27,387	$652,808
ALEXANDER D SHARNOFF ESQ	SECRETARY	55.0	Officer	$0	$63,806	$382,689
EDMUND PRIBITKIN MD MBA	CHAIR - TRUSTEE	55.0	Officer Director	$0	$0	$0
STEPHEN V DESTEFANO CPA	TREASURER	55.0	Officer	$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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$133,718,954	$132,214,625	$19,801,529	$1,504,329
2022	$91,785,357	$125,565,809	$22,169,592	$-33,780,452
2021	$86,553,116	$120,645,599	$26,969,347	$-34,092,483
2020	$87,296,138	$108,225,549	$19,771,858	$-20,929,411
2019	$81,584,795	$90,890,034	$21,366,377	$-9,305,239