TIDALHEALTH PHYSICIAN NETWORK INC (EIN 510224470) - 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

1978

Legal Domicile

Principal Officer

DR KARIN DIBARI

Phone

3026296611

Tax Period

2020-07-01 to 2021-06-30

TIDALHEALTH PHYSICIAN NETWORK INC, founded in 1978, is a community nonprofit in the Health Care sector that reported $3.6M in total revenue in fiscal year 2020. Revenue fell 88% from the prior year — a significant decline worth monitoring. Expenses of $5.3M exceeded revenue, resulting in a 47% operating deficit.

Mission

TIDALHEALTH PHYSICIAN NETWORK'S MISSION IS TO PROVIDE QUALITY MEDICAL CARE.

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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 (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $3,244,746

Investment Income $0

Other Revenue $352,116

TOTAL REVENUE $3,596,862

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,362,367

Fundraising Expenses $0

Program Expenses $4,601,233

Other Expenses $926,406

TOTAL EXPENSES $5,288,773

Year-over-Year Comparison

	2020	2019	Change
Revenue	$3,596,862	$29,529,937	-0.9%
Expenses	$5,288,773	$30,284,175	-0.8%
Net Income	$-1,691,911	$-754,238	+1.2%

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

330

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

$1,513,415

Total Directors

$1,828,783

Key Employees

$1,500,025

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVEN LEONARD	BOARD MEMBER	1.00	Director	$0	$166,821	$1,203,912
DR KARIN DIBARI	PRESIDENT	1.00	Officer Director	$0	$82,295	$624,871
RYAN MCLAUGHLIN	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
DR TOM RICCIO	SECRETARY	1.00	Officer Director	$0	$0	$0
KAREN POISKER	BOARD MEMBER	1.00	Director	$0	$0	$0
BRUCE RITCHIE	CFO	1.00	Officer	$0	$158,256	$888,544
JANET PEDRO MD	PHYSICIAN	40.00	Key Emp	$461,770	$28,542	$490,312
DENISE JESTER	SENIOR DIRECTOR	1.00	Key Emp	$0	$65,368	$377,376
JOSEPH KIM MD	PHYSICIAN	40.00	Key Emp	$313,464	$45,015	$358,479
HARRY ANTHONY MD	CHIEF MEDICAL OFFICER	1.00	Key Emp	$0	$35,403	$273,858
TAREK WAKED	PHYSICIAN	40.00	Highest	$1,278,113	$39,771	$1,317,884
WILLIAM DORAN	PHYSICIAN	40.00	Highest	$766,908	$37,610	$804,518
STEPHEN CAREY	PHYSICIAN	40.00	Highest	$536,541	$33,650	$570,191
DAVID COHEN	PHYSICIAN	40.00	Highest	$473,334	$35,811	$509,145
ZIYAD WADI	PHYSICIAN	40.00	Highest	$445,270	$15,661	$460,931
STEVEN ROSE	FORMER CEO TO 01/31/20	0.00		$0	$2,307	$1,023,429
TRACI ALLEY	FORMER CHIEF HR OFFICER TO 02/02/20	0.00		$0	$0	$250,306
THOMAS BROWN	FORMER SENIOR VP TO 06/11/20	0.00		$0	$23,667	$344,011
LILIA KULMACZEWSKI	FORMER CHIEF COMPLIANCE OFFICER	1.00		$0	$27,852	$236,087

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
2021	$3,596,862	$5,288,773	No data	$-1,691,911
2020	$29,529,937	$30,284,175	$4,342,062	$-754,238
2019	$27,381,839	$28,104,703	$1,840,129	$-722,864
2018	$27,207,608	$27,000,378	$2,314,843	$207,230

TIDALHEALTH PHYSICIAN NETWORK INC