Huguley Medical Associates (EIN 752547668) - 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

Penny Johnson

Phone

8172939110

Tax Period

2024-01-01 to 2024-12-31

Huguley Medical Associates, founded in 1994, is a mid-sized nonprofit in the Health Care sector that reported $18.3M in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $33.4M exceeded revenue, resulting in a 82% operating deficit.

Mission

Operation of physician practices and provision of related medical 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $18,352,857

Investment Income $-15,352

Other Revenue $0

TOTAL REVENUE $18,337,505

Expense Breakdown

Grants Paid $0

Salaries & Benefits $24,665,864

Fundraising Expenses $0

Program Expenses $31,040,601

Other Expenses $8,764,575

TOTAL EXPENSES $33,430,439

Year-over-Year Comparison

	2024	2023	Change
Revenue	$18,337,505	$15,185,918	+0.2%
Expenses	$33,430,439	$27,036,176	+0.2%
Net Income	$-15,092,934	$-11,850,258	+0.3%

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

251

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

$2,088,480

Total Directors

$47,972

Key Employees

$248,229

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SeidenMD Jason	Director	0.20	Director	$0	$0	$39,892
HamiltonMD Steve	Director	0.20	Director	$0	$0	$8,080
JapasMD Carlos	Director	0.20	Director	$0	$0	$0
Johnson Penny	CEO	6.00	Officer	$0	$152,326	$1,460,168
Sutton Jesse	CFO/Treasurer	2.50	Officer	$0	$78,368	$628,312
Lookingbill Kristen	Vice President	36.20	Key Emp	$0	$28,363	$248,229
Chadwick Daniel	Physician	40.00	Highest	$685,064	$33,099	$718,163
Neef Jason	Physician	40.00	Highest	$620,613	$36,473	$657,086
Adebogun Akeem	Physician	40.00	Highest	$635,470	$16,873	$652,343
Morse Steven	Physician	40.00	Highest	$625,864	$10,093	$635,957
Chellappan Chandra	Physician	40.00	Highest	$584,301	$32,070	$616,371
Jasinski Kelly	Former Key Employee	35.00		$231,376	$11,426	$242,802

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	$18,337,505	$33,430,439	$7,325,846	$-15,092,934
2023	$15,185,918	$27,036,176	$6,975,750	$-11,850,258
2022	$15,087,179	$22,084,739	$6,623,968	$-6,997,560
2021	$15,663,707	$21,024,913	$8,864,339	$-5,361,206
2020	$12,076,284	$18,038,074	$2,959,201	$-5,961,790
2019	$11,204,346	$15,390,069	$1,930,806	$-4,185,723
2018	$10,400,432	$12,725,683	$762,293	$-2,325,251

Huguley Medical Associates