WASHINGTON, DC
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)MEDICAL FACULTY ASSOCIATES INC, founded in 2000, is a major nonprofit in the Health Care sector that reported $380.8M in total revenue in fiscal year 2022. Expenses of $461.8M exceeded revenue, resulting in a 21% operating deficit.
MEDICAL FACULTY ASSOCIATES HAS THREE MAIN MISSIONS; EDUCATION, TO TEACH THE MEDICAL STUDENTS AND TRAIN RESIDENTS OF THE GEORGE WASHINGTON UNIVERSITY; RESEARCH, TO CONDUCT MEDICAL RESEARCH ON BEHALF OF THE GEORGE WASHINGTON UNIVERSITY (GWU); AND FINALLY TO PROVIDE MEDICAL CARE TO THE RESIDENTS OF THE GREATER WASHINGTON DC METRO AREA.
HEALTH CARE PROGRAMS, GENERAL/OTHER: MEDICAL FACULTY ASSOCIATES, INC. (THE "COMPANY") WAS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY FOR THE BENEFIT OF THE GEORGE WASHINGTON UNIVERSITY (THE...
HEALTH CARE PROGRAMS, GENERAL/OTHER: MEDICAL FACULTY ASSOCIATES, INC. (THE "COMPANY") WAS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY FOR THE BENEFIT OF THE GEORGE WASHINGTON UNIVERSITY (THE "UNIVERSITY"), A CONGRESSIONALLY CHARTERED EDUCATIONAL INSTITUTION OF HIGHER EDUCATION IN THE DISTRICT OF COLUMBIA, INCLUDING ITS SCHOOL OF MEDICINE AND HEALTH SCIENCES, AND IN FURTHERANCE HEREOF THE COMPANY SHALL: PROVIDE PROFESSIONAL PHYSICIAN SERVICES AND RELATED HEALTH CARE SERVICES, INCLUDING DIAGNOSTIC AND THERAPEUTIC PROCEDURES AND SERVICES, TO PATIENTS IN THE GREATER WASHINGTON, DC COMMUNITY AND OTHER AREAS, INCLUDING THOSE UNABLE TO PAY FOR SUCH CARE; EMPLOY PHYSICIANS DULY LICENSED TO PRACTICE MEDICINE WHO HOLD A FACULTY APPOINTMENT AT THE UNIVERSITY, AND OTHER QUALIFIED PERSONNEL AND MAKE THE SERVICE OF SUCH PERSONNEL AVAILABLE TO INDIGENT AND OTHER PERSONS REQUIRING SUCH CARE; AND PERFORM THE OTHER NECESSARY OR APPROPRIATE FUNCTIONS AND SERVICES IN CONNECTION WITH THE ABOVE PURPOSES. IN SATISFACTION OF OUR EXEMPT PURPOSE, MFA PROVIDED 470,024 EPISODES OF CARE, INCURRED CONTRACTUAL ADJUSTMENTS FOR MEDICAID AND MEDICAID REPLACEMENT TOTALING APPROXIMATELY $63 MILLION, AND CONDUCTED NUMEROUS COMMUNITY OUTREACH PROGRAMS TO INCLUDE HIV CLINICS, PROSTATE CANCER SCREENINGS, BREAST CARE CENTER, AND A MAMMOVAN.
MEDICAL RESEARCH, GENERAL/OTHER: PROVIDE CERTAIN CLINICAL RESEARCH AND ADMINISTRATIVE SERVICES TO THE UNIVERSITY; FURTHER THE ADVANCEMENT OF MEDICAL KNOWLEDGE THROUGH BASIC AND APPLIED RESEARCH IN...
MEDICAL RESEARCH, GENERAL/OTHER: PROVIDE CERTAIN CLINICAL RESEARCH AND ADMINISTRATIVE SERVICES TO THE UNIVERSITY; FURTHER THE ADVANCEMENT OF MEDICAL KNOWLEDGE THROUGH BASIC AND APPLIED RESEARCH IN MEDICINE, LECTURES, CONSULTING, PUBLISHING INFORMATION AND TEACHING, PARTICULARLY REGARDING MEDICAL AND HEALTH CARE ISSUES PREVALENT IN URBAN COMMUNITIES. MFA'S FACULTY DOES THE MAJORITY OF THE MEDICAL RESEARCH AT THE GEORGE WASHINGTON UNIVERSITY MEDICAL SCHOOL. DURING THE FISCAL YEAR ENDING JUNE 30, 2023, MFA PERFORMED 257 STUDIES.
PROFESSIONAL EDUCATION: PROVIDE CERTAIN CLINICAL, TEACHING AND ADMINISTRATIVE SERVICES TO THE UNIVERSITY; UNDERTAKE TEACHING THE DIAGNOSIS AND TREATMENT OF MEDICAL CONDITIONS TO MEDICAL STUDENTS...
PROFESSIONAL EDUCATION: PROVIDE CERTAIN CLINICAL, TEACHING AND ADMINISTRATIVE SERVICES TO THE UNIVERSITY; UNDERTAKE TEACHING THE DIAGNOSIS AND TREATMENT OF MEDICAL CONDITIONS TO MEDICAL STUDENTS, INTERNS, RESIDENTS, FELLOWS AND OTHER PROFESSIONALS IN CONNECTION WITH THE UNIVERSITY. MFA'S FACULTY DOES THE MAJORITY OF THE TEACHING AND RESEARCH AT THE GEORGE WASHINGTON UNIVERSITY MEDICAL SCHOOL. DURING THE FISCAL YEAR ENDING JUNE 30, 2023, MFA PROVIDED PROFESSIONAL EDUCATION TO 382 MEDICAL RESIDENTS AND 746 STUDENTS.
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)| 2022 | 2021 | Change | |
|---|---|---|---|
| Revenue | $380,795,193 | $386,951,054 | 0.0% |
| Expenses | $461,798,922 | $466,885,767 | 0.0% |
| Net Income | $-81,003,729 | $-79,934,713 | +0.0% |
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 |
|---|---|---|---|---|---|---|
| BARBARA BASS MD | CEO - EX OFFICIO | 15.00 |
Officer
Director
|
$0 | $145,567 | $1,399,361 |
| ELLEN ZANE | CHAIR OF THE BOARD | 0.50 |
Director
|
$0 | $0 | $0 |
| MICHAEL KNIGHT MD | CHAIR TRUSTEE | 40.00 |
Director
|
$330,324 | $14,310 | $345,034 |
| ROBERT ZEMAN MD | CHAIR TRUSTEE | 40.00 |
Director
|
$636,330 | $28,099 | $664,429 |
| NANCY GABA MD | CHAIR TRUSTEE AND SECRETARY | 40.00 |
Officer
Director
|
$639,159 | $26,767 | $665,926 |
| ANTON SIDAWY MD | CHIEF PHYSICIAN EXEC - EX OFFICIO | 40.00 |
Officer
Director
|
$1,043,279 | $16,622 | $1,059,901 |
| BRUNO FERNANDES | PRESIDENT-APPT TRUSTEE & TREASURER | 1.00 |
Officer
Director
|
$0 | $2,827 | $458,106 |
| RICHARD POPIEL MD | TRUSTEE | 0.50 |
Director
|
$0 | $0 | $0 |
| PAMELA LAWRENCE | TRUSTEE | 0.50 |
Director
|
$0 | $0 | $0 |
| DEBORAH JOELSON | TRUSTEE | 0.50 |
Director
|
$0 | $0 | $0 |
| NELSON CARBONELL JR | TRUSTEE | 0.50 |
Director
|
$0 | $0 | $0 |
| D WAYNE BRACKIN | TRUSTEE | 0.50 |
Director
|
$0 | $0 | $0 |
| MARC ALBERT | TRUSTEE | 0.50 |
Director
|
$0 | $0 | $0 |
| MARK CHICHESTER | TRUSTEE | 0.50 |
Director
|
$0 | $0 | $0 |
| LANCE KAPLAN | CFO | 1.00 |
Key Emp
|
$0 | $40,198 | $482,236 |
| ROBERT SHESSER | CHAIRMAN, DEPT OF EMERGENCY MEDICINE | 40.00 |
Key Emp
|
$577,258 | $21,271 | $598,529 |
| BEN RIESTRA | COO | 40.00 |
Key Emp
|
$184,928 | $11,583 | $196,511 |
| WILLIAM BORDEN | INT. CHAIR, DEPT OF MED | 40.00 |
Key Emp
|
$603,438 | $27,908 | $631,346 |
| MICHAEL K ROSNER | PHYSICIAN | 40.00 |
Highest
|
$1,355,159 | $16,963 | $1,372,122 |
| WAYNE J OLAN | PHYSICIAN | 40.00 |
Highest
|
$909,504 | $27,014 | $936,518 |
| MICHAEL J OLDING | PHYSICIAN | 40.00 |
Highest
|
$926,049 | $17,532 | $943,581 |
| DIMITRIOS SIGOUNAS | PHYSICIAN | 40.00 |
Highest
|
$826,463 | $23,093 | $849,556 |
| AMEET SINGH | PHYSICIAN | 40.00 |
Highest
|
$785,592 | $3,190 | $788,782 |
| ALAN G WASSERMAN | FORMER CHAIR, DEPT OF MED | 40.00 |
|
$0 | $47,824 | $599,984 |
| JEFFREY BERGER | FORMER CHAIRMAN, DEPT OF ANESTH. | 40.00 |
|
$644,525 | $16,074 | $660,599 |
| PAMELA MCCLAIN | FORMER COO | 40.00 |
|
$432,408 | $13,507 | $445,915 |
| MARK DIAZ | FORMER EXECUTIVE VP AND CFO | 1.00 |
|
$0 | $43,959 | $2,442,038 |
| JEFFREY S AKMAN | FORMER VP-HEALTH AFF. & DEAN OF SMHS | 1.00 |
|
$0 | $40,482 | $494,043 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | No data | No data | No data | No data |
| 2023 | $380,795,193 | $461,798,922 | $229,405,339 | $-81,003,729 |
| 2022 | $386,951,054 | $466,885,767 | $258,421,863 | $-79,934,713 |
| 2021 | $438,379,822 | $487,651,289 | $210,994,424 | $-49,271,467 |
| 2020 | $427,789,125 | $471,027,865 | $180,530,229 | $-43,238,740 |
| 2019 | $471,946,537 | $468,397,952 | $149,286,092 | $3,548,585 |
| 2018 | $450,366,351 | $478,778,598 | $160,012,219 | $-28,412,247 |
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