THE PHYSICIAN NETWORK (EIN 470780857) - 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

1994

Legal Domicile

Principal Officer

TIM BRICKER

Phone

4024210896

Tax Period

2022-07-01 to 2023-06-30

THE PHYSICIAN NETWORK, founded in 1994, is a community nonprofit in the Health Care sector that reported $1.2M in total revenue in fiscal year 2022. Revenue fell 71% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $768K, a strong 65% operating margin.

Mission

TO PROVIDE ACCESS TO QUALITY, SERVICE-ORIENTED, COST EFFECTIVE HEALTHCARE TO THE COMMUNITY THROUGH PHYSICIAN SERVICES - CLINICS (FAMILY HEALTH, INTERNALIST, OB, ENT), CARDIOLOGY, EMERGENCY, URGENT, HOSPITALIST, AND NEONATOLOGIST.

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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 $291,976

Program Service Revenue $417,084

Investment Income $0

Other Revenue $468,871

TOTAL REVENUE $1,177,931

Expense Breakdown

Grants Paid $0

Salaries & Benefits $314,149

Fundraising Expenses $0

Program Expenses $391,996

Other Expenses $95,942

TOTAL EXPENSES $410,091

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,177,931	$4,116,859	-0.7%
Expenses	$410,091	$3,254,760	-0.9%
Net Income	$767,840	$862,099	-0.1%

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

245

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

$4,293,871

Total Directors

$8,894,953

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSHUA ANDERSON MD	NEUROSURGEON	0.00		$0	$48,680	$1,593,775
EVERT KUIPER	CEO, CHI HEALTH	1.00	Officer	$0	$29,391	$1,303,984
JOHN WRIGHT MD	ORTHOPEDIST	0.00		$0	$53,174	$1,250,053
JEANETTE WOJTALEWICZ	CFO CHI HEALTH (PARTIAL YEAR)	1.00	Officer	$0	$54,280	$1,223,121
CHINYERE OBASI MD	NEUROSURGEON	0.00		$0	$49,631	$999,455
HIMANSHU AGARWAL MD	CARDIOLOGIST	3.00	Highest	$11,825	$54,598	$916,382
DOUGLAS CLARK MD	ONCOLOGIST	0.00		$0	$38,640	$836,344
PETER GALLAGHER MD	CARDIOLOGIST	0.00		$0	$51,169	$799,617
VISHAL JANI MD	BOARD MEMBER/PHYSICIAN	1.00	Director	$0	$48,490	$767,596
MOHAMED AYAN MD	CARDIOLOGIST	7.00	Highest	$52,911	$54,110	$746,702
JESSE PANDORF MD	ANESTHESIOLOGIST	1.00	Highest	$32	$54,429	$708,487
OMAR NASS MD	CARDIOLOGIST	6.00	Highest	$48,606	$49,176	$700,417
JOSEPH THIBODEAU MD	BOARD MEMBER/PHYSICIAN	1.00	Director	$0	$53,000	$695,527
ROBERT SHAFFER MD	BOARD MEMBER/ANESTHESIOLOGIST	1.00	Director	$48	$53,067	$690,250
PANAYOTIS-ALAIN EFSTRATIOU MD	CARDIOLOGIST	7.00	Highest	$55,553	$27,656	$678,849
ERIC VAN DE GRAAFF MD	BOARD MEMBER/PHYSICIAN	1.00	Director	$0	$47,586	$678,380
AARON ROBINSON MD	BOARD MEMBER/OTORHINOLARYNGOLOGIST	1.00	Director	$0	$53,188	$654,600
RANDALL PRITZA MD	CMO/SYS SVP PHYSICIAN ENTERPRISE OPERATIONS	1.00	Officer	$0	$54,630	$646,471
SANJAY SINGH MD	BOARD MEMBER/PHYSICIAN (PARTIAL YEAR)	1.00	Director	$0	$46,233	$638,690
DEVI KRISHNAMURTY MBBS	BOARD MEMBER/GENERAL SURGEON	1.00	Director	$0	$18,313	$600,907
TRACI RAUCH MD	BOARD MEMBER/ANESTHESIOLOGIST (PARTIAL YEAR)	1.00	Director	$0	$57,436	$557,381
RENUGA VIVEKANANDAN MD	BOARD MEMBER/PHYSICIAN	1.00	Director	$0	$53,586	$520,004
ANTHONY MACDISSI MD	VICE CHAIR/PHYSICIAN	1.00	Officer Director	$0	$53,144	$486,366
ROBERT KENT MD	BOARD MEMBER/PHYSICIAN	1.00	Director	$0	$41,744	$458,902
ADAM LINCK MD	BOARD MEMBER/PHYSICIAN	1.00	Director	$0	$48,630	$387,440
DANIEL DEFREECE MD	FORMER BOARD SECRETARY/PHYSICIAN	0.00		$0	$60,897	$383,688
BHAVISH AUBEELAUCK MD	BOARD MEMBER/PHYSICIAN (PARTIAL YEAR)	1.00	Director	$0	$46,613	$354,286
WILLIAM LOWNDES MD	BOARD MEMBER/PHYSICIAN	1.00	Director	$0	$47,141	$347,252
HEATHER MORGAN MD	CHAIR/PHYSICIAN	1.00	Officer Director	$0	$50,607	$329,219
HUGO GONZALEZ NIETO MD	BOARD MEMBER/PHYSICIAN	30.00	Director	$154,735	$45,907	$316,888
NICK OTOOL	INTERIM CFO, CHI HEALTH	1.00	Officer	$0	$47,032	$304,710
HEATHER CHAMBERS APRN	BOARD MEMBER/PHYSICIAN	1.00	Director	$0	$37,319	$225,139
TINA STRINGHAM APRN	BOARD MEMBER	1.00	Director	$0	$30,367	$186,126
JIM SMITH	BOARD MEMBER (PARTIAL YEAR)	1.00	Director	$0	$0	$0
KEVIN FITZGERALD	BOARD MEMBER	1.00	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$1,177,931	$410,091	$22,267,565	$767,840
2022	$4,116,859	$3,254,760	$131,804,791	$862,099
2022	$4,116,859	$3,254,760	$131,804,791	$862,099
2021	$64,680,019	$97,822,139	$104,536,502	$-33,142,120
2020	$84,793,744	$122,662,929	$86,145,853	$-37,869,185
2019	$92,842,947	$130,101,664	$59,538,593	$-37,258,717
2018	$143,239,805	$177,525,495	$55,400,204	$-34,285,690

THE PHYSICIAN NETWORK