MUSC Affiliate Physicians

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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

2021

Legal Domicile

Phone

8438768745

Tax Period

2023-07-01 to 2024-06-30

MUSC Affiliate Physicians, founded in 2021, is a mid-sized nonprofit in the Mental Health sector that reported $59.8M in total revenue in fiscal year 2023. Revenue surged 31% from the prior year, signaling strong growth momentum.

Mission

MAP IS ORGANIZED EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL AND SCIENTIFIC PURPOSES, INCLUDING, FOR SUCH PURPOSES, THE MAKING OF DISTRIBUTIONS TO MAINSAIL, ITS SUPPORTED ORGANIZATIONS, PERMISSABLE BENEFICIARIES, AND AS PERMITTED, TO ORGANIZATIONS WHICH QUALIFY AS EXEMPT ORGANIZATIONS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED, OR THE CORRESPONDING SECTION OF ANY FUTURE UNITED STATES INTERNAL REVENUE LAW. MAP IS ORGANIZED, AND AT ALL TIMES SHALL BE OPERATED, EXCLUSIVELY FOR THE BENEFIT OF, OR TO CARRY OUT THE PURPOSES OF MAINSAIL AND ITS SUPPORTED ORGANIZATIONS.

Program Service Accomplishments

Program 1

Expenses: $59,584,508 Revenue: $59,849,459

MAP HAS ENTERED INTO A PROFESSIONAL SERVICES AGREEMENT WITH TRIBE513. TRIBE513 IS A MULTI-SPECIALTY GROUP PRACTICE IN THE GREATER UPSTATE OF SOUTH CAROLINA. UNDER THIS AGREEMENT, TRIBE513 FURNISHES LICENSED PHYSICIANS AND ADVANCED PRACTICE PROFESSIONALS TO PROVIDE PROFESSIONAL SERVICES TO PRACTICE PATIENTS AT THE FACILITIES. MAP RETAINS ALL COLLECTIONS RECEIVED ON BEHALF OF THE PROVIDERS. THIS PATIENT SERVICE REVENUE IS REPORTED AT THE AMOUNT THAT REFLECTS THE CONSIDERATION TO WHICH MAP EXPECTS TO BE REIMBURSED FOR PROVIDING PATIENT CARE. THESE AMOUNTS ARE DUE FROM PATIENTS, THIRD PARTY PAYERS, AND OTHERS. TRIBE513 PROVIDERS ARE COMPENSATED BASED ON A RATE PER WORKED RVU.

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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 $57,087,744

Investment Income $0

Other Revenue $2,761,715

TOTAL REVENUE $59,849,459

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $59,584,508

Other Expenses $63,515,680

TOTAL EXPENSES $63,515,680

Year-over-Year Comparison

	2023	2022	Change
Revenue	$59,849,459	$45,730,385	+0.3%
Expenses	$63,515,680	$46,880,417	+0.4%
Net Income	$-3,666,221	$-1,150,032	+2.2%

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

N/A

Employees

N/A

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

$2,931,342

Total Directors