SOUTHWELL AMBULATORY INC (EIN 843430446) - 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

2019

Legal Domicile

Principal Officer

CHRISTOPHER DORMAN

Tax Period

2023-10-01 to 2024-09-30

SOUTHWELL AMBULATORY INC, founded in 2019, is a community nonprofit in the Health Care sector that reported $4.8M in total revenue in fiscal year 2023. Revenue fell 42% from the prior year — a significant decline worth monitoring. Expenses of $9.4M exceeded revenue, resulting in a 96% operating deficit.

Mission

THE MISSION OF THE ORGANIZATION IS TO PROVIDE SPECIALTY PHYSICIAN AND MEDICAL SERVICES TO THE COMMUNITY IN A MANNER CONSISTENT WITH BEING A TAX- EXEMPT ORGANIZATION.

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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 $4,774,374

Investment Income $0

Other Revenue $0

TOTAL REVENUE $4,774,374

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,303,708

Fundraising Expenses $0

Program Expenses $8,459,175

Other Expenses $3,053,571

TOTAL EXPENSES $9,357,279

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,774,374	$8,258,393	-0.4%
Expenses	$9,357,279	$13,977,028	-0.3%
Net Income	$-4,582,905	$-5,718,635	-0.2%

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

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

$1,837,595

Total Directors

$542,821

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EDWARD FRICKER MD	PHYSICIAN	40.00	Highest	$1,014,882	$28,500	$1,043,382
CHRISTOPHER DORMAN	CEO	1.00	Officer	$0	$29,627	$885,883
ERIC WARD MD	PHYSICIAN	40.00	Highest	$785,453	$28,500	$813,953
PAMELA TEMPLES MD	PHYSICIAN	40.00	Highest	$735,029	$28,500	$763,529
JOE CLIFTON MD	PHYSICIAN	40.00	Highest	$608,599	$28,500	$637,099
SARA YARBROUGH MD	PHYSICIAN	40.00	Highest	$606,167	$26,616	$632,783
CAMERON NIXON MD	SECRETARY/PH	1.00	Officer Director	$514,321	$28,500	$542,821
TROY BROOKS	CFO	1.00	Officer	$0	$23,984	$408,891
WILLIAM BOWEN	CHAIRMAN	1.00	Officer Director	$0	$0	$0
GEORGE M D HUNT IV	MEMBER(TERM	1.00	Director	$0	$0	$0
FORTSON TURNER	MEMBER	1.00	Director	$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	$4,774,374	$9,357,279	$6,572,082	$-4,582,905
2023	$8,258,393	$13,977,028	$8,021,707	$-5,718,635
2022	$8,360,758	$14,793,306	$10,162,854	$-6,432,548
2021	$6,413,584	$13,394,436	$10,091,453	$-6,980,852
2020	$2,749,143	$4,847,542	$6,740,575	$-2,098,399

SOUTHWELL AMBULATORY INC