SALEM PHYSICIAN PRACTICES PC (EIN 831552401) - 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

2018

Legal Domicile

Principal Officer

SCOTT WAGNER MD MBA

Phone

8569351000

Tax Period

2023-01-01 to 2023-12-31

SALEM PHYSICIAN PRACTICES PC, founded in 2018, is a small nonprofit in the Health Care sector that reported $824K in total revenue in fiscal year 2023. Revenue fell 72% from the prior year — a significant decline worth monitoring. Expenses of $4.6M exceeded revenue, resulting in a 459% operating deficit.

Mission

TO PROVIDE PRIMARY CARE AND SPECIALTY MEDICAL SERVICES IN FURTHERANCE OF THE CHARITABLE TAX-EXEMPT PURPOSES OF INSPIRA MEDICAL CENTERS, INC.; AN IRC 501(C)(3) TAX-EXEMPT ORG.

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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 $823,661

Investment Income $0

Other Revenue $0

TOTAL REVENUE $823,661

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,988,378

Fundraising Expenses $0

Program Expenses $4,144,326

Other Expenses $2,616,428

TOTAL EXPENSES $4,604,806

Year-over-Year Comparison

	2023	2022	Change
Revenue	$823,661	$2,929,716	-0.7%
Expenses	$4,604,806	$8,771,470	-0.5%
Net Income	$-3,781,145	$-5,841,754	-0.4%

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

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

$673,124

Total Directors

$673,124

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Scott E Wagner MD MBA	PresIDENT - Trustee	55.0	Officer Director	$0	$106,188	$673,124
DANIEL S TIMMERMAN DOMPH	general surgeon	55.0	Highest	$174,031	$26,308	$631,463
MICHAEL LEVY MD	Orthopedic Surgeon	55.0	Highest	$140,415	$41,601	$545,678
HARISH KAKKILAYA MD	Bariatric Surgeon	55.0	Highest	$257,012	$25,126	$514,871
PAUL R KOUYOUMDJI MD	PEDIATRICIAN	55.0	Highest	$108,487	$33,036	$267,483
HENRY C HO MD	Gastroenterologist	55.0	Highest	$195,135	$0	$195,135

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	$823,661	$4,604,806	$156,269	$-3,781,145
2022	$2,929,716	$8,771,470	$20,422,668	$-5,841,754
2021	$3,417,456	$8,504,079	$930,256	$-5,086,623
2020	$5,544,394	$11,147,230	$2,125,323	$-5,602,836
2020	$4,744,391	$11,115,422	$1,325,324	$-6,371,031
2019	$3,415,673	$7,235,386	$1,337,320	$-3,819,713

SALEM PHYSICIAN PRACTICES PC