ARMC PHYSICIANS CARE INC (EIN 562095382) - 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

1998

Legal Domicile

Principal Officer

WILLIAM CURRAN

Phone

3368327000

Tax Period

2024-10-01 to 2024-12-31

ARMC PHYSICIANS CARE INC, founded in 1998, is a community nonprofit in the Health Care sector that reported $4.4M in total revenue in fiscal year 2024. Revenue fell 71% from the prior year — a significant decline worth monitoring. Expenses of $5.6M exceeded revenue, resulting in a 27% operating deficit.

Mission

OPERATION OF PHYSICIAN PRACTICES

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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 $0

Program Service Revenue $4,377,505

Investment Income $0

Other Revenue $9,900

TOTAL REVENUE $4,387,405

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,369,593

Fundraising Expenses $0

Program Expenses $5,017,394

Other Expenses $2,205,291

TOTAL EXPENSES $5,574,884

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,387,405	$14,951,936	-0.7%
Expenses	$5,574,884	$18,572,447	-0.7%
Net Income	$-1,187,479	$-3,620,511	-0.7%

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

142

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

$1,379,885

Total Directors

$4,296,653

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAGLE MD MARY JO	DIRECTOR	0.0	Director	$0	$108,162	$2,397,790
BARROW ANDREW	DIRECTOR	0.0	Director	$0	$94,284	$1,072,400
PORTILLO MD MARTIN	FORMER PRESIDENT	0.0		$0	$33,278	$907,083
SINOPOLI MD ANGELO	DIRECTOR	0.0	Director	$0	$50,402	$618,132
BROWN CHRISTOPHER	VICE PRESIDENT	0.0	Officer	$0	$83,557	$499,910
CLEVELAND BEVERLY	CHIEF FINANCIAL OFFICER	0.0	Officer	$0	$43,612	$442,244
CURRAN WILLIAM	PRESIDENT	0.0	Officer	$0	$87,307	$437,731
JOHNSON MD MEGAN	PHYSICIAN	40.0	Highest	$385,923	$32,586	$418,509
SOWLES MD KRICHNA	PHYSICIAN	40.0	Highest	$298,608	$86,648	$385,256
HISADA MD REINA	PHYSICIAN	40.0	Highest	$289,686	$31,880	$321,566
KARAMALEGOS ALEXANDER	PHYSICIAN	40.0	Highest	$275,349	$26,237	$301,586
MATTHEWS MD JASON	PHYSICIAN	40.0	Highest	$257,210	$27,627	$284,837
GAINEY MD FREDRICK	DIRECTOR	0.0	Director	$0	$14,478	$208,331

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
2024	$4,387,405	$5,574,884	$1,862,117	$-1,187,479
2024	$14,951,936	$18,572,447	$2,191,273	$-3,620,511
2023	$16,371,991	$20,624,999	$2,545,583	$-4,253,008
2022	$14,240,534	$18,504,080	$2,172,129	$-4,263,546
2021	$13,036,879	$18,538,025	$1,939,063	$-5,501,146
2020	$11,958,324	$17,701,345	$2,131,080	$-5,743,021
2019	$12,348,129	$19,702,777	$2,354,985	$-7,354,648
2018	$11,338,555	$20,165,239	$2,665,036	$-8,826,684

ARMC PHYSICIANS CARE INC