TUFTS MEDICAL CENTER PHYSICIANS ORGANIZATION INC (EIN 900113440) - 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

Principal Officer

ERIKA WERNER MD

Phone

6176365000

Tax Period

2023-10-01 to 2024-09-30

TUFTS MEDICAL CENTER PHYSICIANS ORGANIZATION INC is a major nonprofit that reported $349.2M in total revenue in fiscal year 2023. Expenses of $403.5M exceeded revenue, resulting in a 16% operating deficit.

Mission

TUFTS MEDICAL CENTER PHYSICIANS ORGANIZATION, INC. D/B/A PRATT ASSOCIATES, INC. PROVIDES MEDICAL AND OTHER HEALTH CARE SERVICES PRIMARILY TO PATIENTS OF TUFTS MEDICAL CENTER, INC., AN EXEMPT NON-PRIVATE ORGANIZATION UNDER SECTION 501(C)(3), 509(A)(1) AND 170(B)(1)(A)(III) OF THE INTERNAL REVENUE CODE.

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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 $349,196,986

Investment Income $0

Other Revenue $4

TOTAL REVENUE $349,196,990

Expense Breakdown

Grants Paid $0

Salaries & Benefits $300,094,468

Fundraising Expenses $0

Program Expenses $395,159,424

Other Expenses $103,414,621

TOTAL EXPENSES $403,509,089

Year-over-Year Comparison

	2023	2022	Change
Revenue	$349,196,990	$335,573,260	+0.0%
Expenses	$403,509,089	$389,399,845	+0.0%
Net Income	$-54,312,099	$-53,826,585	+0.0%

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

N/A

Employees

840

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

$17,446,376

Total Directors

$17,007,197

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL TARNOFF MD	PRESIDENT/CEO (UNTIL 3/24)	2.00	Officer Director	$0	$196,769	$1,390,602
ERIKA WERNER MD	PRESIDENT/CEO	2.00	Officer Director	$690,427	$34,407	$724,834
GEOFFREY BINNEY MD	DIRECTOR	2.00	Officer Director	$0	$0	$0
CHARLES CASSIDY MD	DIRECTOR (UNTIL 9/24)	38.00	Officer Director	$1,088,196	$57,687	$1,145,883
BRENT FORESTER MD	DIRECTOR	40.00	Officer Director	$388,142	$13,606	$401,748
KAREN FREUND MD	DIRECTOR	38.00	Officer Director	$594,888	$57,687	$652,575
JASON HALL MD	DIRECTOR	40.00	Officer Director	$914,117	$822	$914,939
MIRIAM O'LEARY MD	DIRECTOR	40.00	Officer Director	$727,034	$53,657	$780,691
JOHN ADAM REICH MD	DIRECTOR	40.00	Officer Director	$704,097	$57,687	$761,784
REZA VAGEFI MD	DIRECTOR	40.00	Officer Director	$704,151	$18,041	$722,192
F CLARISSA YANG MD	DIRECTOR	40.00	Officer Director	$704,980	$35,187	$740,167
PATRICK BLOMBERG	DIRECTOR	40.00	Director	$787,222	$57,146	$844,368
DAICHI HAYASHI MD	DIRECTOR	2.00	Officer Director	$0	$0	$0
RON RIESENBURGER MD	DIRECTOR	40.00	Officer Director	$1,350,722	$57,687	$1,408,409
JAMES UDELSON MD	DIRECTOR	40.00	Officer Director	$551,064	$57,687	$608,751
RYAN PENA MD	DIRECTOR	40.00	Officer Director	$365,768	$19,737	$385,505
MATTHEW KATZ MD	DIRECTOR	40.00	Officer Director	$0	$0	$0
CAREY KIMMELSTIEL MD	DIRECTOR	40.00	Director	$539,703	$57,146	$596,849
DALLAS REED MD	DIRECTOR	40.00	Director	$302,776	$50,401	$353,177
SHIRLEY HUANG MD	DIRECTOR	40.00	Director	$16,472	$0	$16,472
GENNARO CARPINITO MD	DIRECTOR (UNTIL 1/24)	40.00	Officer Director	$702,374	$57,687	$760,061
CARL HEILMAN MD	DIRECTOR (UNTIL 9/24)	40.00	Officer Director	$1,040,678	$57,687	$1,098,365
MARVIN KONSTAM MD	DIRECTOR (UNTIL 6/24)	40.00	Officer Director	$687,908	$57,687	$745,595
DAVID THALER MD	DIRECTOR (UNTIL 5/24 )	40.00	Officer Director	$416,199	$52,951	$469,150
DAVID WAZER MD	DIRECTOR (UNTIL 4/24)	40.00	Officer Director	$812,501	$42,657	$855,158
MING ZHOU MD	DIRECTOR (UNTIL 4/24)	40.00	Officer Director	$587,265	$42,657	$629,922
ANDREW DEVOE	TREASURER, VP/CFO (AS OF 2/24)	2.00	Officer	$0	$0	$0
ASSAD SIDDIQI	TREASURER, VP/CFO (UNTIL 7/24)	2.00	Officer	$0	$67,900	$507,712
LAUREN RIPLEY	SECRETARY/CLERK	2.00	Officer	$0	$12,727	$222,820
THOMAS DIPETRILLO MD	DIRECTOR (UNTIL 4/24)	40.00	Officer	$849,495	$57,146	$906,641
JAROSLAW HEPEL MD	DIRECTOR (UNTIL 4/24)	40.00	Officer	$555,390	$57,482	$612,872
FREDERICK CHEN MD	PHYSICIAN	40.00	Highest	$1,018,015	$33,822	$1,051,837
ADEL MALEK MD	PHYSICIAN	40.00	Highest	$1,615,491	$57,146	$1,672,637
JAMES KRYZANSKI MD	PHYSICIAN	40.00	Highest	$1,628,601	$57,687	$1,686,288
MATTHEW SALZLER MD	PHYSICIAN	40.00	Highest	$948,199	$35,187	$983,386
MINA SAFAIN MD	PHYSICIAN	40.00	Highest	$961,456	$57,146	$1,018,602
PAUL SUMMERGRAD MD	FORMER DIRECTOR	38.00		$360,672	$57,022	$417,694
PEDRAM HAMRAH MD	FORMER DIRECTOR	40.00		$489,717	$56,316	$546,033
SABRINA CRAIGO MD	FORMER DIRECTOR	0.00		$414,815	$57,552	$472,367
CRAIG BEST MD	FORMER OFFICER	0.00		$0	$0	$188,461
DEEB SALEM MD	FORMER DIRECTOR	0.00		$0	$27,646	$201,758

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	$349,196,990	$403,509,089	$61,516,793	$-54,312,099
2023	$335,573,260	$389,399,845	$71,687,285	$-53,826,585
2022	$324,293,876	$353,281,189	$75,709,293	$-28,987,313
2021	$314,022,993	$320,727,035	$63,599,965	$-6,704,042
2020	$273,247,238	$293,360,280	$61,237,728	$-20,113,042
2019	$271,773,033	$273,997,739	$43,698,663	$-2,224,706
2018	$254,215,323	$256,098,078	$39,297,657	$-1,882,755

TUFTS MEDICAL CENTER PHYSICIANS ORGANIZATION INC