CARONDELET REGIONAL MEDICAL PC (EIN 814769136) - 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

2016

Legal Domicile

Principal Officer

RONALD MARSH MD

Phone

5188436914

Tax Period

2023-01-01 to 2023-12-31

CARONDELET REGIONAL MEDICAL PC, founded in 2016, is a community nonprofit in the Health Care sector that reported $2.3M in total revenue in fiscal year 2023. Revenue surged 118% from the prior year, signaling strong growth momentum. Expenses of $3.6M exceeded revenue, resulting in a 55% operating deficit.

Mission

TO IMPROVE THE HEALTH AND WELL-BEING OF ALL PEOPLE IN THE COMMUNITIES WE SERVE.

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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 $2,311,912

Investment Income $0

Other Revenue $16,655

TOTAL REVENUE $2,328,567

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,822,833

Fundraising Expenses $0

Program Expenses $3,551,752

Other Expenses $793,138

TOTAL EXPENSES $3,615,971

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,328,567	$1,069,721	+1.2%
Expenses	$3,615,971	$1,768,627	+1.0%
Net Income	$-1,287,404	$-698,906	+0.8%

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

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

$1,474,763

Total Directors

$1,474,763

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFFREY METHVEN	HOSPITAL CEO	1.00	Officer Director	$0	$26,984	$614,419
RONALD MARSH	PRESIDENT/SECRETARY	50.00	Officer Director	$838,199	$22,145	$860,344
KEVIN COPE	PHYSICIAN	40.00	Highest	$407,751	$26,228	$433,979
WILLIAM HENRY FORLANO	PHYSICIAN	40.00	Highest	$218,116	$17,037	$235,153
WALTER CUMMINGS	PHYSICIAN	40.00	Highest	$213,982	$13,722	$227,704
THOMAS VENDITTI	PHYSICIAN ASSISTANT	40.00	Highest	$162,893	$24,754	$187,647
GEORGE WEIS	PHYSICIAN	40.00	Highest	$139,413	$15,585	$154,998

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	$2,328,567	$3,615,971	$401,782	$-1,287,404
2022	$1,069,721	$1,768,627	$556,696	$-698,906
2021	$2,461,790	$4,200,561	$1,007,939	$-1,738,771
2020	$2,098,732	$4,387,515	$1,776,102	$-2,288,783
2019	$1,343,679	$3,076,113	$535,923	$-1,732,434
2018	$154,406	$263,514	$141,642	$-109,108

CARONDELET REGIONAL MEDICAL PC