SEAFORD, DE
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
TIDALHEALTH PHYSICIAN NETWORK'S MISSION IS TO PROVIDE QUALITY MEDICAL CARE.EFFECTIVE 9/1/20, TIDALHEALTH PHYSICIAN NETWORK, INC. IS A SUBSIDIARY OF TIDALHEALTH MEDICAL PARTNERS, INC. (THMP). THMP'S REVENUE AND EXPENSES ARE REPORTED ON ITS PARENT CORPORATION - TIDALHEALTH, INC.
ACCESS TO HEALTH CARE IN MOST OF RURAL AMERICA CONTINUES TO BE CHALLENGING WHEN IT COMES TO RECRUITING PRIMARY CARE PROVIDERS. SUSSEX COUNTY DELAWARE IS DESIGNATED AS A PRIMARY CARE SHORTAGE AREA...
ACCESS TO HEALTH CARE IN MOST OF RURAL AMERICA CONTINUES TO BE CHALLENGING WHEN IT COMES TO RECRUITING PRIMARY CARE PROVIDERS. SUSSEX COUNTY DELAWARE IS DESIGNATED AS A PRIMARY CARE SHORTAGE AREA. TIDALHEALTH, INC, THE PARENT COMPANY OF TIDALHEALTH PHYSICIAN NETWORK, HAS FOCUSED ON THIS PROBLEM FOR SEVERAL YEARS AND HAS BEEN ABLE TO OPEN MEDICAL CENTERS IN THE SMALL COMMUNITIES SURROUNDING SEAFORD. FAMILY PRACTITIONERS HAVE BEEN PLACED IN NANTICOKE'S GEORGETOWN, BRIDGEVILLE, LAUREL, DELMAR AND SEAFORD COMMUNITIES IN DELAWARE AND THE FEDERALSBURG COMMUNITY IN MARYLAND. TIDALHEALTH PHYSICIAN NETWORK PRIMARY CARE PRACTICES RECEIVED AND MAINTAINS A LEVEL 3 RECOGNITION AS A PATIENT-CENTERED MEDICAL HOME BY THE NATIONAL COUNCIL ON QUALITY ASSURANCE. THIS IS THE HIGHEST RECOGNITION RECEIVED IN THE STATE OF DELAWARE. TIDALHEALTH PHYSICIAN NETWORK PROVIDES QUALITY MEDICAL CARE REGARDLESS OF RACE, CREED, SEX, SEXUAL ORIENTATION, NATIONAL ORIGIN, HANDICAP, AGE, RELIGION, DISABILITY, GENETICS OR ABILITY TO PAY. ALTHOUGH REIMBURSEMENT FOR SERVICES RENDERED IS CRITICAL TO THE OPERATIONS AND STABILITY OF TIDALHEALTH PHYSICIAN NETWORK , IT IS RECOGNIZED THAT NOT ALL INDIVIDUALS POSSESS THE ABILITY TO PURCHASE ESSENTIAL MEDICAL SERVICES. THEREFORE, IN KEEPING WITH THE PHYSICIAN NETWORK'S COMMITMENT TO SERVE ALL MEMBERS OF THE COMMUNITY, HEALTH ACTIVITIES AND PROGRAMS NEEDED TO SUPPORT THE COMMUNITY WILL BE CONSIDERED WHERE THE NEED AND/OR THE INDIVIDUAL'S INABILITY TO PAY CO-EXIST.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
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