THE PHYSICIANS FOUNDATION INC

EIN: 200914085 501(c)(3) Mental Health

AUSTIN, TX

Total Revenue
$5,621,570
Total Expenses
$5,220,588
Total Assets
$120,303,766
Net Assets
$118,905,243
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
FL
Principal Officer
JOHN DORMAN
Phone
6173990417
Tax Period
2023-01-01 to 2023-12-31

THE PHYSICIANS FOUNDATION INC, founded in 2003, is a community nonprofit in the Mental Health sector that reported $5.6M in total revenue in fiscal year 2023. Revenue surged 109% from the prior year, signaling strong growth momentum. Expenses of $5.2M left a modest 7% surplus.

Mission

THE FOUNDATION'S PURPOSE IS TO ADVANCE THE WORK OF PRACTICING PHYSICIANS AND TO IMPROVE THE QUALITY OF HEALTH CARE FOR ALL AMERICANS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $5,619,920
Other Revenue $1,650
TOTAL REVENUE $5,621,570

Expense Breakdown

Grants Paid $1,540,000
Salaries & Benefits $760,095
Fundraising Expenses $0
Program Expenses $4,115,867
Other Expenses $2,920,493
TOTAL EXPENSES $5,220,588

Year-over-Year Comparison

2023 2022 Change
Revenue $5,621,570 $2,696,008 +1.1%
Expenses $5,220,588 $5,991,214 -0.1%
Net Income $400,982 $-3,295,206 -1.1%
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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Governance

Voting Members
21
Independent Members
20
Employees
2
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
6
$1,342,642
Total Directors
23
$3,436,670
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GARY PRICE MD CHAIRMAN 20.00
Officer Director
$100,000 $0 $100,000
SUBHI ALI MD TREASURER 5.00
Officer Director
$14,000 $0 $14,000
SANDRA JOHNSON MEMBER 5.00
Director
$6,000 $0 $6,000
RUSSELL LIBBY MD MEMBER 5.00
Director
$0 $0 $0
RIP HOLLISTER MD MEMBER 5.00
Director
$12,000 $0 $12,000
RALPH NOBO MD MEMBER 5.00
Director
$12,000 $0 $12,000
PHIL SCHUH MEMBER 5.00
Director
$3,000 $0 $3,000
PAUL HARRINGTON MEMBER 5.00
Director
$12,000 $0 $12,000
PALMER JONES MEMBER 5.00
Director
$12,000 $0 $12,000
JOSEPH VALENTI MD MEMBER 5.00
Director
$10,500 $0 $10,500
JENNIFER HANSCOM MEMBER 5.00
Director
$12,000 $23,237 $391,365
DUSTIN CORCORAN MEMBER 5.00
Director
$7,500 $112,049 $1,346,708
DON ALEXANDER MEMBER 5.00
Director
$12,000 $0 $12,000
ALEX MALTER MD MEMBER 5.00
Director
$7,500 $0 $7,500
LARRY DOWNS SECRETARY 5.00
Officer Director
$14,000 $0 $233,042
LAWRENCE BRAUD MD VICE PRESIDENT 5.00
Officer Director
$14,000 $0 $14,000
MARCH SEABROOK MEMBER 5.00
Director
$12,000 $0 $12,000
HURSHELL BAGGETT MEMBER 5.00
Director
$12,000 $52,907 $379,907
JERRY VAN METER MEMBER 5.00
Director
$12,000 $0 $12,000
JOY MAXEY MEMBER 5.00
Director
$0 $0 $0
MICHAEL DARROUZET MEMBER 5.00
Director
$0 $45,810 $644,210
AMY REYNOLDSON MEMBER 5.00
Director
$6,000 $21,488 $196,438
ARTHUR FOUGNER MD MEMBER 5.00
Director
$6,000 $0 $6,000
JOHN DORMAN COO 10.00
Officer
$109,817 $82,593 $656,600
ROBERT SELIGSON CEO 40.00
Officer
$311,979 $13,021 $325,000
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 No data No data No data No data
2023 $5,621,570 $5,220,588 $120,303,766 $400,982
2022 $2,696,008 $5,991,214 $110,470,672 $-3,295,206
2021 $7,625,645 $5,846,665 $135,038,479 $1,778,980
2020 $4,554,667 $5,816,420 $124,010,488 $-1,261,753
2019 $3,888,942 $6,880,824 $118,723,740 $-2,991,882
2018 $8,161,753 $7,320,185 $106,371,957 $841,568
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