REACH MEDICAL PLLC

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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

JUSTINE WALDMAN MD

Phone

6072737000

Tax Period

2023-01-01 to 2023-12-31

REACH MEDICAL PLLC, founded in 2017, is a small nonprofit in the Health Care sector that reported $372K in total revenue in fiscal year 2023. Revenue decreased 17% compared to the prior year. The organization ran a surplus of $276K, a strong 74% operating margin.

Mission

THE REACH MEDICAL, PLLC IS A PROFESSIONAL LIMITED LIABILITY COMPANY, THE SOLE MEMBER OF WHICH IS JUSTINE WALDMAN, M.D., A BOARD CERTIFIED EMERGENCY MEDICINE PHYSICIAN. UNDER MEMBERSHIP INTEREST CONTROL AGREEMENT, DR. WALDMAN HAS TRANSFERED ALL HER MEMBERSHIP INTEREST IN AND CONTROL OF REACH MEDICAL TO THE REACH PROJECT, A 501(C)3 EXEMPT ORGANIZATION. REACH IS A HEALTH EQUITY ORGANIZATION WHICH AIMS TO PROVIDE RESPECTFUL, EQUITABLE ACCESS TO COMPASSIONATE HEALTHCARE, PARTICULARLY FOR DIVIDUALS WHO ARE VULNERABLE. REACH PROVIDES TREATMENT FOR INDIVIDUALS WITH SUBSTANCE USE DISORDER (SUD), BEHAVIORAL HEALTH NEEDS, PRIMARY CARE, TREATMENT AND TESTING FOR HEPATITIS C AND HIV. REACH ALSO PROVIDES MEDICAL OUTREACH TO INDIVIDUALS WHO ARE EXPERIENCING HOMELESSNESS OR HOUSING INSTABILITY. ALL SERVICES PROVIDED BY REACH ARE STIGMAFREE AND COMPASSIONATE, AND NO INDIVIDUAL WILL BE TURNED AWAY DUE TO THEIR INABILITY TO PAY FOR SERVICES.

Program Service Accomplishments

Program 1

Expenses: $86,767

PROVIDING RESPECTFUL, EQUITABLE ACCESS TO COMPASSIONATE HEALTHCARE ("R.E.A.C.H.") WITHOUT JUDGEMENT AND WITH COMPASSION, FOR INDIVIDUALS ADDICTED TO OPIODS, TREATMENT OF INDIVIDUALS IN CONNECTION...

PROVIDING RESPECTFUL, EQUITABLE ACCESS TO COMPASSIONATE HEALTHCARE ("R.E.A.C.H.") WITHOUT JUDGEMENT AND WITH COMPASSION, FOR INDIVIDUALS ADDICTED TO OPIODS, TREATMENT OF INDIVIDUALS IN CONNECTION WITH ACUTE INTOXICATION STABILIZATION, MEDICAL CANNABIS TREATMENT, TREATMENT FOR HEPATITIS C, PREPARATORY TREATMENT FOR PATIENTS AT RISK OF CONTRACTING HIV AND PRIMARY CARE.

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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 $371,970

Investment Income $0

Other Revenue $0

TOTAL REVENUE $371,970

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,667

Fundraising Expenses $0

Program Expenses $86,767

Other Expenses $90,826

TOTAL EXPENSES $95,493

Year-over-Year Comparison

	2023	2022	Change
Revenue	$371,970	$446,022	-0.2%
Expenses	$95,493	$475,158	-0.8%
Net Income	$276,477	$-29,136	-10.5%

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

N/A

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

$246,501

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JUSTINE WALDMAN MD	President & CEO	1.00	Officer	$0	$35,853	$246,501
SAMARA TOUCHTON	PHYSICIAN	1.00		$0	$26,697	$202,071
JUDITH GRIFFIN	DIR OF RESEARCH	1.00		$0	$18,444	$186,114
ROBIN JOHNSON	PHYSICIAN	1.00		$0	$3,471	$125,315
RIC ALLEN	PHYSICIAN	0.00		$0	$0	$113,700
SAMANTHA STEVENSON	DIR OF OPERATIONS	1.00		$0	$7,685	$109,942
MAYA APONTE-LOSS MD	MEMBER	1.00	Officer Director	$0	$0	$0
MALINDA SMITH	VICE CHAIR	1.00	Officer Director	$0	$0	$0
ANDREW WASSON	Treasurer	1.00	Officer Director	$0	$0	$0
BROOKS MINER	Secretary	1.00	Director	$0	$0	$0
MICHAEL JAMES	MEMBER	1.00	Director	$0	$0	$0
DEBRA NORTON	MEMBER	1.00	Director	$0	$0	$0
MAXINE PHILLIPS	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
AMANDA CISSNER	MEMBER	1.00	Director	$0	$0	$0
ALEJANDRA GARCIA	MEMBER	1.00	Director	$0	$0	$0
MEAGHAN KEENAN	MEMBER	1.00	Director	$0	$0	$0
CHRISTIAN LAURENCE	MEMBER	1.00	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	No data	No data	No data	No data
2023	$371,970	$95,493	$1,132,417	$276,477
2022	$437,749	$148,997	$1,030,934	$288,752
2022	$446,022	$475,158	$851,061	$-29,136
2021	$545,982	$122,802	$742,182	$423,180
2021	$581,504	$65,308	$835,198	$516,196
2020	$2,416,605	$2,296,275	$521,195	$120,330
2019	$1,971,732	$1,663,547	$345,920	$308,185
2018	$871,476	$954,547	$126,326	$-83,071