MARICOPA FOUNDATION FOR MEDICAL CA… - Form 990 Financial Data

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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

1969

Legal Domicile

Principal Officer

SEBASTIAN RUGGERI MD

Phone

6022524024

Tax Period

2022-01-01 to 2022-12-31

MARICOPA FOUNDATION FOR MEDICAL CARE, founded in 1969, is a small nonprofit that reported $932K in total revenue in fiscal year 2022. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $1.3M exceeded revenue, resulting in a 42% operating deficit.

Mission

AFMC HAS GROWN INTO ARIZONAS LARGEST STATEWIDE, INDEPENDENT NETWORK BY PROVIDING HIGHLY-ACCESSIBLE, QUALITY CARE. WE FOCUS ON CONTAINING HEALTHCARE COSTS FOR EMPLOYER GROUPS BY NEGOTIATING AND CONTRACTING DIRECTLY WITH PROVIDERS TO CAPTURE SAVINGS, IN ADDITION TO OUR COMPREHENSIVE MEDICAL MANAGEMENT AND UTILIZATION REVIEW.

Program Service Accomplishments

Program 1

Expenses: $1,093,582 Revenue: $931,673

MARICOPA FOUNDATION FOR MEDICAL CARE HAS GROWN INTO ARIZONAS LARGEST STATEWIDE, INDEPENDENT NETWORK BY PROVIDING HIGHLY-ACCESSIBLE, QUALITY CARE. WE FOCUS ON CONTAINING HEALTHCARE COSTS FOR EMPLOYER GROUPS BY NEGOTIATING AND CONTRACTING DIRECTLY WITH PROVIDERS TO CAPTURE SAVINGS, IN ADDITION TO OUR COMPREHENSIVE MEDICAL MANAGEMENT AND UTILIZATION REVIEW. WE WORK DIRECTLY WITH BROKERS, CONSULTANTS, GENERAL AGENTS, THIRD PARTY ADMINISTRATORS, AND INSURANCE COMPANIES TO PROVIDE ARIZONANS THE FREEDOM OF CHOICE BY OFFERING AND/OR ENDORSING A VARIETY OF HEALTHCARE SOLUTIONS. OUR NETWORK CURRENTLY INCLUDES MORE THAN 15,800 PROFESSIONAL PROVIDERS IN OVER 70,700 LOCATIONS AND IS CONTRACTED WITH 77 HOSPITALS THROUGHOUT ARIZONA INCLUDING OUTPATIENT SURGERY CENTERS, DIALYSIS CLINICS/CENTERS, CONVENIENCE CLINICS, URGENT CARE CENTERS AND NUMEROUS OTHER SPECIALTY FACILITIES.

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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 $0

Program Service Revenue $931,673

Investment Income $37

Other Revenue $0

TOTAL REVENUE $931,710

Expense Breakdown

Grants Paid $0

Salaries & Benefits $944,027

Fundraising Expenses $0

Program Expenses $1,093,582

Other Expenses $376,246

TOTAL EXPENSES $1,320,273

Year-over-Year Comparison

	2022	2021	Change
Revenue	$931,710	$1,265,638	-0.3%
Expenses	$1,320,273	$1,604,417	-0.2%
Net Income	$-388,563	$-338,779	+0.1%

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

$162,782

Total Directors

$170,632

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TRACY MITCHELL	EXECUTIVE VICE PRESIDENT	040.00	Officer Director	$135,805	$18,227	$154,032
SEBASTIAN RUGGERI MD	PRESIDENT	002.00	Officer Director	$4,000	$0	$4,000
JOSEPH CHATHAM MD	TREASURER	002.00	Officer Director	$2,700	$0	$2,700
SATISH NAMJOSHI MD	TRUSTEE	001.00	Director	$2,600	$0	$2,600
TIMOTHY DALEY MD	TRUSTEE	001.00	Director	$2,250	$0	$2,250
THOMAS MOORE MD	VICE PRESIDENT	002.00	Officer Director	$1,250	$0	$1,250
SUNIL JAIN MD	TRUSTEE	001.00	Director	$1,100	$0	$1,100
NALINI BHALLA MD	TRUSTEE	001.00	Director	$900	$0	$900
NANDINI KANAGAL MD	SECRETARY	002.00	Officer Director	$800	$0	$800
RAHUL RISHI MD	TRUSTEE	001.00	Director	$500	$0	$500
RUCHIR PATEL MD	TRUSTEE	001.00	Director	$400	$0	$400
MYTIA MCNEAL MD	TRUSTEE	001.00	Director	$100	$0	$100
NEIL SHETH MD	TRUSTEE	001.00	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
2022	$931,710	$1,320,273	$663,559	$-388,563
2021	$1,265,638	$1,604,417	$1,269,920	$-338,779
2020	$1,155,965	$1,592,727	$1,745,154	$-436,762
2019	$1,301,879	$1,623,704	$2,058,098	$-321,825
2018	$1,461,743	$1,949,375	$2,413,954	$-487,632

MARICOPA FOUNDATION FOR MEDICAL CARE