Amity Medical Group 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

2014

Legal Domicile

Phone

7042084134

Tax Period

2024-01-01 to 2024-12-31

Amity Medical Group Inc, founded in 2014, is a mid-sized nonprofit in the Education sector that reported $28.1M in total revenue in fiscal year 2024. Revenue surged 45% from the prior year, signaling strong growth momentum. Expenses of $26.7M left a modest 5% surplus.

Mission

To provide patient-centered team-based care with excellence in quality, services, and access to all despite any barriers, stigma, socioeconomic or health disparity.

Program Service Accomplishments

Program 1

Expenses: $19,395,322 Revenue: $20,605,956

340B PRESCRIPTION DRUG PROGRAM - AS A RYAN WHITE GRANT-FUNDED ENTITY, WE PROVIDE MEDICAL CARE SERVICES AND TREATMENT SUPPORT AT LITTLE TO NO COST TO UNDERSERVED, LOW-INCOME HIV POSITIVE INDIVIDUALS AND THEIR CAREGIVERS. ELIGIBLE 340B PRESCRIPTIONS ARE DISPENSED AT CONTRACTED PHARMACIES AND THE COST SAVINGS GENERATED BECOME OUR PROGRAM INCOME. THESE FUNDS ARE USED TO GENERATE MORE SERVICES AND ALLOW THE PROGRAM TO CONTINUE TO SERVE THE UNDERSERVED COMMUNITY.

Program 2

Expenses: $5,250,404 Revenue: $5,923,741

OUTPATIENT AMBULATORY MEDICAL CARE SERVICES - WE PROVIDE MEDICAL CARE AND TREATMENT TO PATIENTS. WE PROVIDE PRIMARY CARE, HIV SPECIALTY CARE, ADDICTION AND SUBSTANCE USE DISORDERS, CHRONIC CARE...

OUTPATIENT AMBULATORY MEDICAL CARE SERVICES - WE PROVIDE MEDICAL CARE AND TREATMENT TO PATIENTS. WE PROVIDE PRIMARY CARE, HIV SPECIALTY CARE, ADDICTION AND SUBSTANCE USE DISORDERS, CHRONIC CARE MANAGEMENT, REMOTE PATIENT MONITORING AND MORE. THESE SERVICES ARE BILLED TO THIRD PARTY INSURANCE COMPANIES, GRANT-FUNDED (IF APPROPRIATED), SELF-PAY PATIENTS RESPONSIBILITY OR THROUGH OUR SLIDING SCALE DISCOUNT PROGRAM. HOWEVER, A MAJORITY OF THE FUNDS FOR MEDICAL CARE COMES FROM THIRD PARTY INSURANCE BILLING.

Program 3

Expenses: $851,249 Revenue: $7,500

Grant Funded Programs - PREP and SAMHSA

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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 $1,542,413

Program Service Revenue $26,537,197

Investment Income $0

Other Revenue $3,500

TOTAL REVENUE $28,083,110

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,555,096

Fundraising Expenses $0

Program Expenses $25,496,975

Other Expenses $19,134,457

TOTAL EXPENSES $26,689,553

Year-over-Year Comparison

	2024	2023	Change
Revenue	$28,083,110	$19,344,897	+0.5%
Expenses	$26,689,553	$18,522,083	+0.4%
Net Income	$1,393,557	$822,814	+0.7%

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

Employees

101

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

$921,406

Total Directors

Key Employees

$468,857

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Daryl Hollnagel	Chairman	2.0	Officer Director	$0	$0	$0
Marshall Varner	Secretary	2.0	Officer Director	$0	$0	$0
Thomas Holliday	Treasurer	2.0	Officer Director	$0	$0	$0
Chandra McCloud	Board Member	2.0	Director	$0	$0	$0
Demond Richardson	Board Member	2.0	Director	$0	$0	$0
Jaila Dickenson	Board Member	2.0	Director	$0	$0	$0
Jeanneth Vasquez	Board Member	2.0	Director	$0	$0	$0
Keith Yon	Board Member	2.0	Director	$0	$0	$0
Swat Kabisapathy	Board Member	2.0	Director	$0	$0	$0
Mohamed Elgohary	Chief Financial Officer	40.0	Officer	$134,140	$10,339	$144,479
Olivia Bentley	Chief Executive Officer	40.0	Officer	$184,251	$17,701	$201,952
Richard Wynn	Chief Medical Officer	40.0	Officer	$435,650	$31,888	$467,538
Zachary Richardson	Chief Operations Officer	40.0	Officer	$105,437	$2,000	$107,437
Heather Manos	Medical Director of Addiction Medicine	40.0	Key Emp	$240,677	$14,065	$254,742
Jerry Saunders	Medical Director of Pediatrics	40.0	Key Emp	$202,250	$11,865	$214,115
Chad Ellis	PA-C	40.0	Highest	$128,402	$8,864	$137,266
Clarence Ellis	MD	40.0	Highest	$267,915	$5,815	$273,730
Jason Hardin	Medical Director of HIV/NP	40.0	Highest	$138,883	$11,189	$150,072
Karlton Pettis	MD	40.0	Highest	$275,466	$10,900	$286,366
Mandy Occhipinti	Director of Quality	40.0	Highest	$142,661	$11,935	$154,596

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	$28,083,110	$26,689,553	$10,502,409	$1,393,557
2023	$19,344,897	$18,522,083	$10,345,977	$822,814
2022	$14,124,269	$14,985,145	$3,099,578	$-860,876
2021	$10,911,191	$10,825,347	$3,300,228	$85,844
2020	$10,515,278	$9,132,250	$3,308,889	$1,383,028