CORE PHYSICIANS LLC (EIN 870807914) - 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

2007

Legal Domicile

Principal Officer

MELANIE LANIER DO

Phone

6035806694

Tax Period

2023-10-01 to 2024-09-30

CORE PHYSICIANS LLC, founded in 2007, is a major nonprofit in the Health Care sector that reported $109.3M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $152.1M exceeded revenue, resulting in a 39% operating deficit.

Mission

FROM TIME TO TIME AND UNDER CERTAIN CIRCUMSTANCES, CORE PHYSICIANS, LLC OR ONE OF IT'S AFFILIATES MAY CHOOSE TO GROSS-UP A PAYMENT TO MAKE THE EMPLOYEE WHOLE FROM A TAX PERSPECTIVE. AS EXPLAINED FURTHER BELOW, ACROSS BILH THESE SITUATIONS ARE REVIEWED ON A CASE-BY-CASE BASIS AND THE COST OF ANY GROSS-UP IS CONSIDERED WHEN REVIEWING AN EMPLOYEE'S OVERALL COMPENSATION PACKAGE FOR REASONABLENESS. EXAMPLES OF THE TYPES OF EXPENSES WHICH MAY FALL INTO THIS CATEGORY ARE REIMBURSEMENT FOR RELOCATION AND TEMPORARY HOUSING.

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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 $72,000

Program Service Revenue $109,187,756

Investment Income $11,838

Other Revenue $0

TOTAL REVENUE $109,271,594

Expense Breakdown

Grants Paid $5,000

Salaries & Benefits $103,551,098

Fundraising Expenses $0

Program Expenses $127,235,252

Other Expenses $40,165,834

TOTAL EXPENSES $152,084,393

Year-over-Year Comparison

	2023	2022	Change
Revenue	$109,271,594	$94,896,046	+0.2%
Expenses	$152,084,393	$134,581,826	+0.1%
Net Income	$-42,812,799	$-39,685,780	+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

N/A

Employees

893

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

$5,850,492

Total Directors

$7,640,724

Key Employees

$968,794

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CRESTA DEBRA	MANAGING MEMBER (EX-OFF) (PRES, EHR)	1.00	Director	$0	$16,277	$1,115,031
MEEHAN DO NEIL	MGING MBR(EXO)/SYS MGR,CHF EXEC PHYS	1.00	Director	$0	$63,260	$882,059
LANIER DO MELANIE	PRES&MANAGING MEMBER (EXO), CLIN MGR	55.00	Officer Director	$800,940	$50,408	$851,348
PEELMAN MD JESSICA	MANAGING MEMBER, CLINICIAN MANAGER	55.00	Director	$731,580	$54,490	$786,070
CASASSA ALLISON J	MGING MEMBER, ASST TREAS; (CFO, EHR)	1.00	Officer Director	$0	$23,250	$708,497
SCHAFFER MD MICHAEL	MGING MEMBER(EX-OFF), CLIN MGR & CMO	55.00	Director	$636,811	$64,240	$701,051
MCKEE MD RODERICK	MANAGING MEMBER, CLINICIAN MANAGER	55.00	Director	$536,294	$54,260	$590,554
PORTER MD BRIAN	MANAGING MEMBER, CLINICIAN MANAGER	55.00	Director	$484,543	$52,425	$536,968
PANGAN MD MICHAEL	CHAIR & MGING MEMBER, CLIN MANAGER	55.00	Officer Director	$344,226	$54,171	$398,397
DAVE MD APARA	MANAGING MEMBER, CLINICIAN MANAGER	55.00	Director	$337,921	$51,526	$389,447
FARRELL MD KATHLEEN	MANAGING MEMBER, CLINICIAN MANAGER	55.00	Director	$321,286	$22,598	$343,884
KELLY MD ROBERT	MANAGING MEMBER, CLINICIAN MANAGER	55.00	Director	$280,852	$56,566	$337,418
RIOS CINDY	TREAS (EX-OFF) (EXEC VP & CFO, BILH)	1.00	Officer	$0	$217,736	$1,689,163
KATZ ESQ JAMIE	CLERK (EX-OFF); GENERAL COUNSEL BILH	1.00	Officer	$0	$32,002	$1,302,177
SPRAUER ESQ CONSTANCE D	ASSISTANT CLERK (SVP LEGAL AFFAIRS)	1.00	Officer	$0	$35,480	$570,929
BOYD ESQ STEPHEN	ASST CLERK (DIV VP DEP GC COMM BILH)	1.00	Officer	$0	$15,921	$329,981
ABRAMSON ESQ MICHAEL S	ASST CLERK (ASSOC GEN COUNSEL, BILH)	1.00	Officer	$0	$0	$0
CASSETTA SANDY	VP, FINANCE & PHYSICIAN COMP	55.00	Key Emp	$469,363	$64,894	$534,257
HENNELLY LORI	VP, OPERATIONS CORE FACILITIES	55.00	Key Emp	$413,232	$21,305	$434,537
CLERK MD AVNISH	ORTHOPEDIC SURGEON	55.00	Highest	$1,050,010	$52,611	$1,102,621
JOHNSON MD MPH E WILLIAM	UROLOGIST	55.00	Highest	$946,606	$54,491	$1,001,097
MCGOVERN MD THOMAS	ORTHOPEDIC SURGEON	55.00	Highest	$958,704	$40,107	$998,811
CABRAL DO CHAD	GASTROENTEROLOGIST	55.00	Highest	$945,856	$51,411	$997,267
COLMAN MD AARON	ORTHOPEDIC SURGEON	55.00	Highest	$825,715	$51,411	$877,126
BONESHO MD ALEXANDRA	FMR CHR & MANAGING MEMBER, CLIN MGR	0.00		$356,884	$51,300	$408,184

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	$109,271,594	$152,084,393	$37,303,143	$-42,812,799
2023	$94,896,046	$134,581,826	$35,503,874	$-39,685,780
2022	$93,545,690	$128,320,808	$18,150,860	$-34,775,118
2021	$100,280,879	$123,473,718	$19,371,760	$-23,192,839
2020	$78,216,197	$115,259,704	$19,595,158	$-37,043,507
2019	$82,993,943	$110,782,646	$17,485,553	$-27,788,703
2018	$83,440,748	$108,866,776	$15,791,139	$-25,426,028

CORE PHYSICIANS LLC