MEDICAL FACULTY ASSOCIATES INC (EIN 522220700) - 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

2000

Legal Domicile

Principal Officer

BARBARA BASS MD

Phone

2027413502

Tax Period

2022-07-01 to 2023-06-30

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.

Mission

PROVIDE PATIENT CARE, CLINICAL RESEARCH, AND TEACHING TO MEDICAL STUDENTS AND RESIDENTS OF GWU.

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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 (2022)

Revenue Breakdown

Contributions & Grants $12,734,010

Program Service Revenue $365,863,046

Investment Income $905,363

Other Revenue $1,292,774

TOTAL REVENUE $380,795,193

Expense Breakdown

Grants Paid $0

Salaries & Benefits $250,509,425

Fundraising Expenses $0

Program Expenses $415,368,500

Other Expenses $211,289,497

TOTAL EXPENSES $461,798,922

Year-over-Year Comparison

	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%

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

2116

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

$3,583,294

Total Directors

$4,592,757

Key Employees

$1,908,622

Highest Compensated

reported

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

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	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

MEDICAL FACULTY ASSOCIATES INC