MEDSTAR AMBULATORY SERVICES INC (EIN 521132992) - 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

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. IS OPERATED FOR THE PURPOSE OF SUPPORTING AND ENCOURAGING QUALITY HEALTH CARE AND RELATED SERVICES TO THE COMMUNITY.

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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 (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

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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

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

MEDSTAR AMBULATORY SERVICES INC