Prisma Health Medical Group-Midlands (EIN 471345819) - 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

2014

Legal Domicile

Phone

8647977805

Tax Period

2023-10-01 to 2024-09-30

Prisma Health Medical Group-Midlands, founded in 2014, is a major nonprofit in the Education sector that reported $386.1M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $592.4M exceeded revenue, resulting in a 53% operating deficit.

Mission

INSPIRE HEALTH. SERVE WITH COMPASSION. BE THE DIFFERENCE.

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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 $386,085,176

Investment Income $0

Other Revenue $0

TOTAL REVENUE $386,085,176

Expense Breakdown

Grants Paid $1,000

Salaries & Benefits $444,430,151

Fundraising Expenses $0

Program Expenses $509,487,219

Other Expenses $147,973,158

TOTAL EXPENSES $592,404,309

Year-over-Year Comparison

	2023	2022	Change
Revenue	$386,085,176	$347,980,864	+0.1%
Expenses	$592,404,309	$558,047,121	+0.1%
Net Income	$-206,319,133	$-210,066,257	0.0%

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

2755

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

$6,310,577

Total Directors

$4,158,723

Key Employees

$8,411,180

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jonathan L Gleason MD	EVP Chief Clinical Officer (Chair)	1.0	Officer Director	$0	$245,207	$1,805,285
Clarence M Sevillian II	EVP Chief Operating Officer (Secretary)	1.0	Director	$0	$312,799	$2,129,208
Gary B Bell	Physician (Vice Chair until 5/31/24)	40.0	Director	$202,655	$21,575	$224,230
Alexander D Gladney	EVP Chief Legal Officer (start 9/5/23)	1.0	Officer	$0	$23,225	$355,904
Matthew M Elsey	EVP Chief Financial Officer	1.0	Officer	$0	$73,573	$1,821,225
Matthew RM Fowler	General Counsel (until 3/29/24)	1.0	Officer	$0	$106,147	$923,211
Sara Fulton	VP-Medical Group Operations (until 9/24/24)	40.0	Officer	$471,908	$83,273	$555,181
William R Hall	SVP COO Prisma Health Medical Group (start 9/24/24)	1.0	Officer	$0	$112,086	$849,771
Amy E Linsin	EVP Chief HR and Diversity Officer	1.0	Key Emp	$0	$173,850	$1,388,176
James H Lucas	SVP Government Affairs	1.0	Key Emp	$0	$65,319	$720,826
Malcolm W Isley	EVP Chief Strategy Officer	1.0	Key Emp	$0	$225,387	$939,814
Mark S O'Halla	President and CEO of Prisma Health	1.0	Key Emp	$0	$746,715	$2,934,885
Richard J Rogers	SVP Chief Information Officer	1.0	Key Emp	$0	$154,708	$1,522,981
William C Gerard MD	EVP Value Based Care/CMO Prisma Health Plans/CEO inVio Health Networks	1.0	Key Emp	$0	$144,322	$904,498
Bertram Richter	Physician	40.0	Highest	$2,120,302	$83,970	$2,204,272
David B Fulton	Physician	40.0	Highest	$1,415,564	$72,035	$1,487,599
Erwin Z Mangubat	Physician	40.0	Highest	$1,921,902	$76,689	$1,998,591
Mickey F Plymale	Physician	40.0	Highest	$2,071,995	$86,331	$2,158,326
Roham Moftakhar	Physician	40.0	Highest	$1,832,689	$74,552	$1,907,241
Carolyn R Swinton	Frmr SVP Chief Nursing Officer (until 2/7/22)	0.0		$0	$0	$215,457
Elizabeth Tibbs	SVP Chief Operating Officer, Medical Group (Vice Chair until 10/4/23)	0.0		$0	$95,918	$1,005,629
Gregory J Rusnak	Frmr EVP Chief Operating Officer (until 10/1/21)	0.0		$0	$106,080	$621,743
Howard P West	Frmr EVP Chief Legal Officer (until 9/30/23)	0.0		$0	$78,966	$1,965,578
Jean M Meyer	Frmr SVP-Acute Care Svcs & Chief Nursing Exec (until 9/30/23)	0.0		$0	$215,159	$1,600,249
Julian Kim MD	Former Mngr, Physician	40.0		$643,577	$86,651	$730,228
Michael T Burke	Frmr EVP Chief Financial Officer (until 9/30/22)	0.0		$0	$9,150	$926,532

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	$386,085,176	$592,404,309	$112,275,072	$-206,319,133
2023	$347,980,864	$558,047,121	$112,579,771	$-210,066,257
2022	$372,992,683	$542,186,717	$121,130,947	$-169,194,034
2021	$323,120,713	$478,802,983	$92,874,056	$-155,682,270
2020	$456,948,831	$450,388,915	$114,338,547	$6,559,916
2018	$319,924,067	$322,584,900	$46,808,334	$-2,660,833

Prisma Health Medical Group-Midlands