MEDICAL PRACTICE CONSORTIUM TRUST (EIN 616613201) - 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

2018

Legal Domicile

Principal Officer

FRANCIS PRICE JR MD

Phone

3174547711

Tax Period

2023-01-01 to 2023-12-31

MEDICAL PRACTICE CONSORTIUM TRUST, founded in 2018, is a mid-sized nonprofit in the Mutual Benefit sector that reported $10.4M in total revenue in fiscal year 2023. Expenses of $12.6M exceeded revenue, resulting in a 22% operating deficit.

Mission

TO ESTABLISH ONE OR MORE EMPLOYEE WELFARE BENEFIT PLANS FOR THE MEDICAL PRACTICE CONSORTIUM EMPLOYERS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $10,007,010

Investment Income $354,935

Other Revenue $0

TOTAL REVENUE $10,361,945

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $3,028,964

TOTAL EXPENSES $12,594,324

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,361,945	$10,193,463	+0.0%
Expenses	$12,594,324	$8,809,709	+0.4%
Net Income	$-2,232,379	$1,383,754	-2.6%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRANCIS PRICE JR MD	PRESIDENT	2.00	Officer Director	$0	$0	$0
STEVE FREELAND	TREASURER	2.00	Officer Director	$0	$0	$0
MARK FLOYD MD	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
CINDY BASINSKI MD	TRUSTEE	2.00	Director	$0	$0	$0
DENNIS ERDMAN MD	TRUSTEE	2.00	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
2024	No data	No data	No data	No data
2023	$10,361,945	$12,594,324	$14,774,218	$-2,232,379
2022	$10,193,463	$8,809,709	$15,627,865	$1,383,754
2021	$11,160,517	$11,926,088	$15,168,823	$-765,571
2020	$10,968,498	$11,319,104	$16,099,899	$-350,606
2019	$20,485,757	$6,573,645	$15,612,509	$13,912,112

MEDICAL PRACTICE CONSORTIUM TRUST