MOSES CONE PHYSICIAN SERVICES INC

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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

2008

Legal Domicile

Principal Officer

WILLIAM CURRAN

Phone

3368327000

Tax Period

2023-10-01 to 2024-09-30

MOSES CONE PHYSICIAN SERVICES INC, founded in 2008, is a mid-sized nonprofit in the Health Care sector that reported $89.4M in total revenue in fiscal year 2023. Expenses of $141.7M exceeded revenue, resulting in a 59% operating deficit.

Mission

WE SERVE OUR COMMUNITIES BY PREVENTING ILLNESS, RESTORING HEALTH AND PROVIDING COMFORT THROUGH EXCEPTIONAL PEOPLE DELIVERING EXCEPTIONAL CARE.

Program Service Accomplishments

Program 1

Expenses: $127,574,784 Revenue: $89,041,743

PROVISION OF PHYSICIAN SERVICES. PHYSICIANS PROVIDED 483,941 OFFICE, HOSPITAL, AND TELEHEALTH VISITS THIS YEAR. OF THE TOTAL GROSS CHARGES BOOKED FOR THE YEAR, 65.96% WERE FOR MEDICARE OR MEDICAID...

PROVISION OF PHYSICIAN SERVICES. PHYSICIANS PROVIDED 483,941 OFFICE, HOSPITAL, AND TELEHEALTH VISITS THIS YEAR. OF THE TOTAL GROSS CHARGES BOOKED FOR THE YEAR, 65.96% WERE FOR MEDICARE OR MEDICAID PATIENTS, AND THE COMPANY PROVIDED $3,433,293 OF CHARITY CARE TO THE COMMUNITY.

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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 $54,297

Program Service Revenue $88,072,293

Investment Income $259,093

Other Revenue $1,010,480

TOTAL REVENUE $89,396,163

Expense Breakdown

Grants Paid $0

Salaries & Benefits $139,496,053

Fundraising Expenses $0

Program Expenses $127,574,784

Other Expenses $2,253,706

TOTAL EXPENSES $141,749,759

Year-over-Year Comparison

	2023	2022	Change
Revenue	$89,396,163	$84,578,401	+0.1%
Expenses	$141,749,759	$135,133,408	+0.0%
Net Income	$-52,353,596	$-50,555,007	+0.0%

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

1019

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

$1,452,010

Total Directors

$3,474,120

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAGLE MD MARY JO	DIRECTOR	0.0	Director	$0	$90,745	$1,678,281
HENDRICKSON MD STEVEN	PHYSICIAN	40.0	Highest	$1,424,812	$82,207	$1,507,019
BARTLE MD BRYAN	PHYSICIAN	40.0	Highest	$1,414,317	$81,807	$1,496,124
LIGHTFOOT HARRELL	PHYSICIAN	40.0	Highest	$1,405,708	$78,853	$1,484,561
DEW MD JASON	PHYSICIAN	40.0	Highest	$1,299,276	$76,580	$1,375,856
KOWALSKI MD DAVID	PHYSICIAN	40.0	Highest	$1,159,681	$48,358	$1,208,039
PRIEST MD MARLON	DIRECTOR THRU 02/16/24	0.0	Director	$0	$82,340	$984,905
BARROW ANDREW	DIRECTOR	0.0	Director	$0	$91,844	$810,934
PORTILLO MD MARTIN	DIRECTOR,PRES. THRU 02/29/24	40.0	Officer	$719,407	$43,470	$762,877
CLEVELAND BEVERLY	CHIEF FINANCIAL OFFICER	40.0	Officer	$308,970	$38,509	$347,479
BROWN CHRISTOPHER	VICE PRESIDENT	40.0	Officer	$301,737	$39,917	$341,654
CURRAN WILLIAM	PRESIDENT	0.0	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
2024	$24,780,449	$39,569,583	$53,709,294	$-14,789,134
2024	$89,396,163	$141,749,759	$54,322,581	$-52,353,596
2023	$84,578,401	$135,133,408	$46,644,656	$-50,555,007
2022	$83,503,529	$126,934,884	$47,087,008	$-43,431,355
2021	$84,107,412	$122,891,432	$50,601,187	$-38,784,020
2020	$66,907,744	$105,849,587	$35,539,160	$-38,941,843
2019	$68,824,814	$103,284,837	$26,176,722	$-34,460,023
2018	$58,227,804	$84,609,253	$23,534,707	$-26,381,449