TEXAS TECH PHYSICIAN ASSOCIATES (EIN 752624210) - 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

1995

Legal Domicile

Phone

8067433577

Tax Period

2023-09-01 to 2024-08-31

TEXAS TECH PHYSICIAN ASSOCIATES, founded in 1995, is a community nonprofit in the Health Care sector that reported $1.5M in total revenue in fiscal year 2023. Revenue fell 30% from the prior year — a significant decline worth monitoring. Expenses of $1.4M left a modest 7% surplus.

Mission

TO SUPPORT MEDICAL EDUCATION AT TEXAS TECH UNIVERSITY HEALTH SCIENCES CENTER THROUGH THE PROVISION OF HEALTH CARE 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,450,909

Investment Income $32,409

Other Revenue $0

TOTAL REVENUE $1,483,318

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,625

Fundraising Expenses $0

Program Expenses $1,295,416

Other Expenses $1,381,639

TOTAL EXPENSES $1,384,264

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,483,318	$2,131,017	-0.3%
Expenses	$1,384,264	$2,090,466	-0.3%
Net Income	$99,054	$40,551	+1.4%

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

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

$2,044,645

Total Directors

$4,816,226

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
John Detoledo	CHAIRMAN/DIRECTOR (START 5/27/23)	3.0	Officer Director	$0	$0	$638,939
CYNTHIA JUMPER MD	DIRECTOR	3.0	Director	$0	$0	$553,398
Elisa Brown	DIRECTOR (END 8/31/24)	3.0	Director	$0	$0	$323,426
RAJIV RAJANI	DIRECTOR	3.0	Director	$0	$0	$880,400
RICHARD LANGE MD	DIRECTOR	3.0	Director	$0	$0	$1,092,997
RODNEY YOUNG MD	DIRECTOR	3.0	Director	$0	$0	$361,522
SURRENDRA VARMA MD	DIRECTOR	3.0	Director	$0	$0	$283,178
TAREK NAGUIB	DIRECTOR	3.0	Director	$0	$0	$322,786
TIMOTHY BENTON MD	DIRECTOR	3.0	Director	$0	$0	$359,580
DALE DUNN MD	MEDICAL DIRECTOR (NON-VOTING)	3.0	Officer	$0	$0	$760,834
MARTY CLAY	EXECUTIVE DIRECTOR (NON-VOTING)	3.0	Officer	$958	$0	$269,053
PENNY HARKEY	SECRETARY/TREASURY(NON-VOTING)	3.0	Officer	$1,667	$0	$375,819
Brent Magers	FORMER EXECUTIVE DIRECTOR (END 12/31/22)	0.0		$0	$0	$78,605
STEVEN BERK MD	FORMER DIRECTOR (END 5/26/23)	0.0		$0	$0	$496,457

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	$1,483,318	$1,384,264	$1,207,939	$99,054
2023	$2,131,017	$2,090,466	$1,109,315	$40,551
2022	$6,165,849	$6,141,905	$1,077,564	$23,944
2021	$13,180,102	$13,202,255	$1,053,620	$-22,153
2020	$25,176,351	$24,275,970	$5,059,751	$900,381
2019	$32,953,947	$35,344,399	$8,732,666	$-2,390,452
2018	$26,906,814	$26,820,664	$4,239,379	$86,150

TEXAS TECH PHYSICIAN ASSOCIATES