MEDSTAR AMBULATORY SERVICES INC

🔒

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

1969

Legal Domicile

Principal Officer

ART K SIVASLIAN

Phone

4107726721

Tax Period

2024-07-01 to 2025-06-30

MEDSTAR AMBULATORY SERVICES INC, founded in 1969, is a mid-sized nonprofit that reported $29.9M in total revenue in fiscal year 2024. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $46.1M exceeded revenue, resulting in a 54% operating deficit.

Mission

MEDSTAR AMBULATORY SERVICES, INC. (FKA BAY DEVELOPMENT CORPORATION) IS OPERATED FOR THE PURPOSE OF SUPPORTING AND ENCOURAGING QUALITY HEALTH CARE AND RELATED SERVICES TO THE COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $18,692,324 Revenue: $26,096,424

MEDSTAR AMBULATORY SERVICES, INC. (FKA BAY DEVELOPMENT CORPORATION) IS OPERATED FOR THE PURPOSE OF SUPPORTING AND ENCOURAGING QUALITY HEALTH CARE AND RELATED SERVICES TO THE COMMUNITY. IN ADDITION...

MEDSTAR AMBULATORY SERVICES, INC. (FKA BAY DEVELOPMENT CORPORATION) IS OPERATED FOR THE PURPOSE OF SUPPORTING AND ENCOURAGING QUALITY HEALTH CARE AND RELATED SERVICES TO THE COMMUNITY. IN ADDITION, THE CORPORATION OWNS AND LEASES SEVERAL BUILDINGS WHICH BENEFIT THE MEDICAL COMMUNITY ASSOCIATED WITH MEDSTAR HEALTH. THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE, SCIENTIFIC AND EDUCATIONAL PURPOSES.

🔒

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 (2024)

Revenue Breakdown

Contributions & Grants $4,131

Program Service Revenue $26,096,424

Investment Income $17,069

Other Revenue $3,782,843

TOTAL REVENUE $29,900,467

Expense Breakdown

Grants Paid $0

Salaries & Benefits $18,080,275

Fundraising Expenses $0

Program Expenses $18,692,324

Other Expenses $28,053,397

TOTAL EXPENSES $46,133,672

Year-over-Year Comparison

	2024	2023	Change
Revenue	$29,900,467	$23,741,513	+0.3%
Expenses	$46,133,672	$44,506,927	+0.0%
Net Income	$-16,233,205	$-20,765,414	-0.2%

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

355

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

$2,128,582

Total Directors

$3,660,478

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
M JOY DRASS MD	DIRECTOR	1.00	Director	$0	$71,629	$3,660,478
ART K SIVASLIAN	PRESIDENT	40.00	Officer	$919,691	$46,664	$966,355
MARK MEGINNIS	VICE PRESIDENT/TREASURER	1.00	Officer	$265,713	$54,916	$586,342
RODERICK T CHEN	SECRETARY	1.00	Officer	$0	$35,553	$575,885
DEBORA PURVIS	VP, SURGICAL SERVICES	40.00	Highest	$266,147	$32,156	$298,303
ANDREW CANNING	VP, OPERATIONS	40.00	Highest	$263,565	$17,976	$281,541
SAUMIL MODI	ASSISTANT VP, OPERATIONS	40.00	Highest	$253,860	$25,680	$279,540
THERESA SCOLARO	AVP PT EXPER & ASSOC COMM	40.00	Highest	$200,423	$29,261	$229,684
BETH CHAPMAN	AVP, SURGICAL SERVICES	40.00	Highest	$176,828	$5,158	$181,986

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	$29,900,467	$46,133,672	$155,370,128	$-16,233,205
2024	$23,741,513	$44,506,927	$163,538,532	$-20,765,414
2023	$24,811,047	$45,481,205	$166,537,506	$-20,670,158
2022	$28,082,278	$42,751,808	$180,691,236	$-14,669,530
2021	$22,068,997	$36,903,113	$191,556,915	$-14,834,116
2020	$18,402,026	$35,294,507	$176,288,758	$-16,892,481
2019	$18,237,177	$41,176,132	$118,117,953	$-22,938,955
2018	$8,270,432	$29,591,588	$117,318,171	$-21,321,156