MARICOPA COUNTY MEDICAL SOCIETY

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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

1931

Legal Domicile

Phone

6022522015

Tax Period

2022-01-01 to 2022-12-31

MARICOPA COUNTY MEDICAL SOCIETY, founded in 1931, is a small nonprofit that reported $508K in total revenue in fiscal year 2022. Revenue decreased 14% compared to the prior year. Expenses of $684K exceeded revenue, resulting in a 35% operating deficit.

Mission

IN FULFILLING THIS MISSION, THE SOCIETY WILL INITIATE, RESPOND TO, AND IMPLEMENT EFFORTS THROUGH WHICH PROFESSIONALISM IN MEDICINE IS ENHANCED; THE ETHICS OF MEDICINE ARE FOSTERED AND PRESERVED; THE PATIENT'S RIGHTS AND CHOICE ARE SUPPORTED; AND QUALITY PRACTICE OF MEDICINE IS PRESERVED. THROUGH THESE ACTIONS, MEMBERS WILL HAVE THEIR CURRENT AND FUTURE NEEDS MET IN A MANNER THAT THEY CANNOT EFFECTIVELY UNDERTAKE OR ACHIEVE INDIVIDUALLY. PROVIDE SUPPORT AND SERVICES TO MEMBER PHYSICIANS PROVIDE SERVICES TO THE COMMUNITYPRESERVE AND ENHANCE THE QUALITY OF MEDICAL CARE

Program Service Accomplishments

Program 1

Expenses: $54,721 Revenue: $92,552

REFERRAL AND DIRECTORY SERVICE - THE SOCIETY, THROUGH A COMPUTERIZED REFERRAL SERVICE, PROVIDES A PHYSICIAN'S REFERRAL SERVICE AND DIRECTORY SERVICE TO THE GENERAL PUBLIC AT NO COST. A PHYSICIAN CAN BE CATEGORIZED AND LOCATED BY A VARIETY OF SEARCH OPTIONS, INCLUDING BUT NOT LIMITED TO, LOCATION, SPECIALTY OR ZIP CODE. THE SOCIETY HAS DEVELOPED AND DESIGNED THE SAME SERVICE AVAILABLE ON ITS WEBSITE FOR THE UTILIZATION OF THE GENERAL PUBLIC IN ASSISTING THEM IN FINDING MEDICAL CARE.

Program 2

Expenses: $39,152 Revenue: $43,000

BOARD MEETINGS - THE SOCIETY HOLDS MONTHLY AND AN ANNUAL BOARD OF DIRECTORS MEETING WHICH IS OPEN TO ALL MEMBERS OF THE SOCIETY TO PROMOTE EXCELLENCE IN THE QUALITY OF CARE AND HEALTH OF THE...

BOARD MEETINGS - THE SOCIETY HOLDS MONTHLY AND AN ANNUAL BOARD OF DIRECTORS MEETING WHICH IS OPEN TO ALL MEMBERS OF THE SOCIETY TO PROMOTE EXCELLENCE IN THE QUALITY OF CARE AND HEALTH OF THE COMMUNITY BY REPRESENTING AND SERVING ITS PYYSICIANS MEMBERS IN A STRONG UNIFIED PHYSICIAN VOICE.

Program 3

MEDICALLY RELATED BUSINESSES - THE SOCIETY HAS DEVELOPED BUSINESSES THAT ARE MEDICALLY RELATED AND PROVIDED FOR THE BETTERMENT OF THE COMMUNITY AND PHYSICIAN COMMUNITY.

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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 (2022)

Revenue Breakdown

Contributions & Grants $64,208

Program Service Revenue $135,552

Investment Income $78,341

Other Revenue $230,246

TOTAL REVENUE $508,347

Expense Breakdown

Grants Paid $0

Salaries & Benefits $369,675

Fundraising Expenses $0

Program Expenses $93,873

Other Expenses $314,666

TOTAL EXPENSES $684,341

Year-over-Year Comparison

	2022	2021	Change
Revenue	$508,347	$588,323	-0.1%
Expenses	$684,341	$677,492	+0.0%
Net Income	$-175,994	$-89,169	+1.0%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Rahul Rishi DO	Director	2.00	Director	$0	$0	$0
KARYNE LIMA VINALES MD	Secretary	2.00	Officer Director	$0	$0	$0
RICARDO CORREA MD	Treasurer	2.00	Officer Director	$0	$0	$0
Ann CherI Foxx Leach MD	Director	2.00	Director	$0	$0	$0
Vishal Verma MD	Director	2.00	Director	$0	$0	$0
ZAID FADUL MD FS FAAFP	Director	2.00	Director	$0	$0	$0
Kishlay Anand MD	Director	2.00	Director	$0	$0	$0
JANE LYONES MD	Director	2.00	Director	$0	$0	$0
Jay Arora MD MBA	Director	2.00	Director	$0	$0	$0
ANCHIT MEHROTRA MD	FELLOW DIRECTOR	2.00	Director	$0	$0	$0
Christopher DeNapoles MD	Director	2.00	Director	$0	$0	$0
Ruchir Patel MD	Director	2.00	Director	$0	$0	$0
David Carfagno DO CAQSM	Director	2.00	Director	$0	$0	$0
Deepika Razia MD	Director	2.00	Director	$0	$0	$0
Sarah Carpinelli	Medical Student	2.00	Director	$0	$0	$0
ALEXANDER MILES	DIR. OF OPER.	40.00	Officer	$0	$0	$0
John McElligott	Executive Dir.	40.00	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
2022	$508,347	$684,341	$1,347,491	$-175,994
2021	$588,323	$677,492	$1,577,877	$-89,169
2020	$628,866	$737,894	$1,483,343	$-109,028
2019	$631,961	$574,830	$1,771,076	$57,131
2018	$618,237	$660,882	$1,731,744	$-42,645