REGIONAL FIRSTCARE INC (EIN 582362733) - 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

Mr J Michael Burnett

Phone

7064757000

Tax Period

2022-07-01 to 2023-06-30

REGIONAL FIRSTCARE INC, founded in 1998, is a mid-sized nonprofit in the Health Care sector that reported $22.4M in total revenue in fiscal year 2022.

Mission

THE CORPORATION WAS ORGANIZED TO PROVIDE HEALTHCARE SERVICES, INCLUDING URGENT CARE AND OCCUPATIONAL MEDICINE SERVICES.

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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 $0

Program Service Revenue $1,725,314

Investment Income $-248,202

Other Revenue $20,936,666

TOTAL REVENUE $22,413,778

Expense Breakdown

Grants Paid $0

Salaries & Benefits $279,661

Fundraising Expenses $0

Program Expenses $23,182,581

Other Expenses $22,948,816

TOTAL EXPENSES $23,228,477

Year-over-Year Comparison

	2022	2021	Change
Revenue	$22,413,778	$22,417,960	0.0%
Expenses	$23,228,477	$17,077,207	+0.4%
Net Income	$-814,699	$5,340,753	-1.2%

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

Employees

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

$4,638,696

Total Directors

$6,739,293

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MR KEVIN BROWN	BOARD MEMBER	1.0	Director	$0	$423,467	$3,608,546
Mr Michael Mandl	Board Member	1.0	Director	$0	$196,054	$1,776,652
Ms Elizabeth Leddy	SECRETARY/CLO PHC	1.0	Officer	$0	$138,711	$1,528,196
Mr Thomas Arnold	TREASURER/CFO PHC	1.0	Officer	$0	$130,741	$1,304,185
Mr J Michael Burnett	CEO, PARMC	1.0	Officer Director	$0	$128,961	$1,176,264
DR RYAN ARATA	PHYSICIAN	40.0	Highest	$805,019	$27,896	$832,915
DR SAMEER PATEL	PHYSICIAN	40.0	Highest	$629,186	$29,492	$658,678
DR JIGAR PATEL	PHYSICIAN	40.0	Highest	$618,074	$25,546	$643,620
Ms Wendy Cook	CFO, PARMC	1.0	Officer	$0	$39,774	$574,757
DR BRIAN FORRESTER	PHYSICIAN	40.0	Highest	$511,797	$19,994	$531,791
DR JUNG KIM	PHYSICIAN	40.0	Highest	$457,171	$21,785	$478,956
Mr Michael McAnder	FORMER TREASURER/CFO	0.0		$0	$0	$150,106
Dr Carolann Eisenhart	Board Member	1.0	Director	$0	$0	$85,080
Dr David Sailors	Board Member/CHAIR	1.0	Officer Director	$0	$0	$55,294
DR KELLY GROW	BOARD MEMBER	1.0	Director	$0	$0	$37,457
Ms Cheryl Legette	Board Member/VICE CHAIR	1.0	Director	$0	$0	$0
Mr Alan Reddish	Board Member	1.0	Director	$0	$0	$0
Ms Kim Ripps	Board Member	1.0	Director	$0	$0	$0
Dr Samuel K Thomason	Board Member	1.0	Director	$0	$0	$0
Mr Tony Townley	Board Member	1.0	Director	$0	$0	$0
MR PHILIP E BETTENDORF	Board Member	1.0	Director	$0	$0	$0
MR ROSWELL LAWRENCE JR	BOARD MEMBER	1.0	Director	$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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$22,413,778	$23,228,477	$21,106,211	$-814,699
2022	$22,417,960	$17,077,207	$10,770,680	$5,340,753
2021	$17,787,266	$14,619,701	$5,793,232	$3,167,565
2020	$14,905,180	$14,083,365	$4,932,693	$821,815
2019	$16,736,048	$16,012,771	$14,790,661	$723,277
2018	$14,448,975	$14,443,577	$12,832,859	$5,398

REGIONAL FIRSTCARE INC