TWIN RIVERS MEDICAL PC (EIN 473028931) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2015

Legal Domicile

Principal Officer

CARL DOBSON

Phone

5186865770

Tax Period

2023-10-01 to 2024-09-30

TWIN RIVERS MEDICAL PC, founded in 2015, is a community nonprofit in the Health Care sector that reported $2.1M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $3.8M exceeded revenue, resulting in a 80% operating deficit.

Mission

TWIN RIVERS MEDICAL PC OPERATES A PRIMARY CARE PHYSICIAN PRACTICE OFFERING PRIMARY CARE TO CHILDREN, ADOLESCENTS AND ADULTS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,121,435

Investment Income $15

Other Revenue $0

TOTAL REVENUE $2,121,450

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,163,237

Other Expenses $3,813,706

TOTAL EXPENSES $3,813,706

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,121,450	$1,921,416	+0.1%
Expenses	$3,813,706	$3,554,107	+0.1%
Net Income	$-1,692,256	$-1,632,691	+0.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$612,527

Total Directors

$515,313

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CARL DOBSON	PRESIDENT	1.00	Officer Director	$0	$59,766	$515,313
ROBERT LABA	CFO/TREASURER	1.00	Officer	$0	$101	$97,214
STEPHEN D MAJETICH	FORMER OFFICER	0.00		$0	$18,870	$563,960

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	$2,121,450	$3,813,706	$497,239	$-1,692,256
2023	$1,921,416	$3,554,107	$379,908	$-1,632,691
2022	$2,051,543	$3,135,135	$425,776	$-1,083,592
2021	$2,075,296	$3,237,411	$600,542	$-1,162,115
2020	$1,907,644	$3,280,538	$435,419	$-1,372,894
2019	$1,746,799	$2,911,846	$502,452	$-1,165,047
2018	$1,769,862	$2,949,963	$474,984	$-1,180,101

TWIN RIVERS MEDICAL PC