GWINNETT MEDICAL GROUP INC (EIN 582143107) - 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

1994

Legal Domicile

Principal Officer

SEE SCHEDULE O

Phone

4043002980

Tax Period

2019-07-01 to 2019-08-31

GWINNETT MEDICAL GROUP INC, founded in 1994, is a community nonprofit that reported $5.9M in total revenue in fiscal year 2019. Revenue fell 91% from the prior year — a significant decline worth monitoring. Expenses of $12.0M exceeded revenue, resulting in a 104% operating deficit.

Mission

GWINNETT MEDICAL GROUP, INC., (GMGI),WAS FORMED FOR THE PURPOSE OF ESTABLISHING AND OPERATING CERTAIN HOSPITAL BASED AND CLINICAL OUTREACH PHYSICIAN SERVICES WITH OUR SERVICE COMMUNITY. GMGI EMPLOYS SPECIALTY PHYSICIANS THAT SERVE PATIENTS WITHIN GWINNETT HOSPITAL SYSTEM, INC. AND PRIMARY CARE AND OTHER PHYSICIANS THAT SERVE PATIENTS IN CLINICAL SETTINGS WITHIN THE COMMUNITY. THESE PHYSICIAN SERVICES ARE AN INTEGRAL PART OF THE HEALTHCARE MISSION OF GWINNETT HOSPITAL SYSTEM, INC. AND GWINNETT HEALTH SYSTEM, INC.

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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 (2019)

Revenue Breakdown

Contributions & Grants $31,960

Program Service Revenue $5,629,531

Investment Income $17,667

Other Revenue $209,641

TOTAL REVENUE $5,888,799

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,307,326

Fundraising Expenses $0

Program Expenses $8,043,501

Other Expenses $2,697,731

TOTAL EXPENSES $12,005,057

Year-over-Year Comparison

	2019	2018	Change
Revenue	$5,888,799	$67,839,794	-0.9%
Expenses	$12,005,057	$67,463,989	-0.8%
Net Income	$-6,116,258	$375,805	-17.3%

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

N/A

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

$6,696,761

Total Directors

$10,000

Key Employees

$1,298,797

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS Y MCBRIDE III	EXECUTIVE VP	5.00	Officer	$0	$30,204	$1,580,472
BEDRI M YUSUF MD	VP & CPO	40.00	Officer	$1,405,897	$71,686	$1,477,583
PHILIP R WOLFE	PRESIDENT &	5.00	Officer	$0	$36,190	$1,254,871
BETHWEL RAORE MD	PHYSICIAN	40.00	Highest	$1,196,797	$37,372	$1,234,169
ROBERT AYER MD	PHYSICIAN	40.00	Highest	$1,101,146	$35,485	$1,136,631
PETER WHEELER	GENERAL COUN	5.00	Officer	$0	$35,711	$1,117,894
STEVEN A RUBIN	EXECUTIVE DI	40.00	Officer	$1,020,249	$56,876	$1,077,125
DAVE J SEECHARAN MD	PHYSICIAN	40.00	Highest	$947,988	$33,013	$981,001
DAVID LANGFORD MD	PHYSICIAN	40.00	Highest	$784,327	$139,987	$924,314
RICHARD L HARVEY MD	PHYSICIAN	40.00	Highest	$772,893	$138,661	$911,554
JOE F CLEMENTS MD	PHYSICIAN	40.00	Key Emp	$349,152	$37,725	$386,877
KATHRYN PARRIS MD	PHYSICIAN	40.00	Key Emp	$312,583	$28,812	$341,395
MARTIN L AUSTIN MD	PHYSICIAN	40.00	Key Emp	$285,553	$35,875	$336,428
DARRELL MARK CHEEK MD	PHYSICIAN	40.00	Key Emp	$205,330	$28,767	$234,097
BONNY RICHARDSON	ASSOCIATE GE	20.00	Officer	$0	$27,708	$188,816
L C JOHNSON	BOARD MEMBER	2.00	Director	$0	$0	$2,000
A KEITH CARNES MD	BOARD MEMBER	2.00	Director	$0	$0	$2,000
MILES H MASON III MD	BOARD MEMBER	2.00	Director	$0	$0	$2,000
GREG SHUMATE	BOARD MEMBER	2.00	Director	$0	$0	$2,000
JEFF WAGES	CHAIRMAN	2.00	Director	$0	$0	$2,000
SEE SCHEDULE O	SEE SCHEDULE	N/A	Officer	$0	$0	$0
SEE SCHEDULE O	SEE SCHEDULE	N/A	Officer	$0	$0	$0

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
2019	$67,839,794	$67,463,989	$9,593,691	$375,805
2019	$5,888,799	$12,005,057	No data	$-6,116,258
2018	$57,735,156	$60,217,830	$8,538,379	$-2,482,674

GWINNETT MEDICAL GROUP INC