BROWN PHYSICIANS INC (EIN 821858635) - 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

2017

Legal Domicile

Principal Officer

DR ANGELA CALIENDO MD

Phone

4014445135

Tax Period

2023-10-01 to 2024-09-30

BROWN PHYSICIANS INC, founded in 2017, is a mid-sized nonprofit in the Health Care sector that reported $12.6M in total revenue in fiscal year 2023. Revenue surged 45% from the prior year, signaling strong growth momentum. Expenses of $16.9M exceeded revenue, resulting in a 34% operating deficit.

Mission

TO SUPPORT THE PURPOSES OF THE WARREN ALPERT MEDICAL SCHOOL OF BROWN UNIVERSITY, AS WELL AS OTHER TAX-EXEMPT NONPROFIT HOSPITALS IN RHODE ISLAND.

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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 $8,606,305

Program Service Revenue $4,104,225

Investment Income $231,183

Other Revenue $-353,903

TOTAL REVENUE $12,587,810

Expense Breakdown

Grants Paid $9,705,905

Salaries & Benefits $3,906,477

Fundraising Expenses $0

Program Expenses $10,325,055

Other Expenses $3,261,046

TOTAL EXPENSES $16,873,428

Year-over-Year Comparison

	2023	2022	Change
Revenue	$12,587,810	$8,697,972	+0.4%
Expenses	$16,873,428	$8,071,332	+1.1%
Net Income	$-4,285,618	$626,640	-7.8%

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

$2,088,806

Total Directors

$2,828,506

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM G CIOFFI MD	BOARD CHAIR (TO 6/24)	1.00	Officer Director	$0	$34,310	$651,554
KIMBERLY A GALLIGAN MBA	DIRECTOR	1.00	Director	$0	$0	$0
KAREN FURIE MD	SECRETARY	1.00	Officer Director	$0	$64,887	$721,475
MUKESH JAIN MD	BOARD CHAIR (AS OF 6/24)	1.00	Officer Director	$0	$0	$0
GYAN PAREEK MD	DIRECTOR	1.00	Director	$0	$46,280	$779,636
ABRAR QURESHI MD	DIRECTOR	1.00	Director	$0	$53,829	$675,841
LOUIS B RICE MD	TREASURER	1.00	Officer Director	$0	$0	$0
LINDA BROWN MD PHD	DIRECTOR	1.00	Director	$0	$0	$0
AURORA PRYOR MD	DIRECTOR (AS OF 6/24)	1.00	Director	$0	$0	$0
ANGELA CALIENDO MD PHD	EXECUTIVE DIRECTOR	20.00	Officer	$0	$62,827	$715,777
TAMMY LEDERER	CHIEF HR OFFICER	20.00	Highest	$120,342	$38,279	$292,998

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	$12,587,810	$16,873,428	$29,253,327	$-4,285,618
2023	$8,697,972	$8,071,332	$27,899,010	$626,640
2022	$9,199,614	$8,087,911	$25,162,369	$1,111,703
2021	$10,008,475	$4,222,931	$21,867,616	$5,785,544
2020	$4,159,647	$2,599,690	$12,482,895	$1,559,957
2019	$4,661,365	$3,570,414	$11,138,344	$1,090,951
2018	$7,883,446	$1,598,435	$6,300,619	$6,285,011

BROWN PHYSICIANS INC