PHYSICIANS FOR REFORM

EIN: 208048412 Health Care

HICKORY, NC

Total Revenue
$35
Total Expenses
$11,913
Total Assets
$248
Net Assets
$-121,918
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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
CLARE GRAY MD
Phone
8282569080
Tax Period
2024-01-01 to 2024-12-31

PHYSICIANS FOR REFORM is a micro nonprofit in the Health Care sector that reported $35 in total revenue in fiscal year 2024. Expenses of $12K exceeded revenue, resulting in a 33937% operating deficit.

Mission

TO ORGANIZE PHYSICIANS, PATIENTS AND THE BUSINESS COMMUNITY IN AN EFFORT TO KEEP THE PATIENT'S WELFARE THE CENTRAL FOCUS OF MEDICINE, NOT THE FLUCTUATING INTERESTS OF GOVERNMENT. PHYSICIANS FOR REFORM ADVOCATES: RESTORING THE PATIENT/PHYSICIAN RELATIONSHIP, REBUILDING THE HIPPOCRATIC MEDICINE, REFORMING TODAY'S BROKEN MEDICAL/LEGAL SYSTEM, AND REDUCING HEALTHCARE COSTS AND MAKING HEALTH INSURANCE AFFORDABLE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $35
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $35

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $10,818
Other Expenses $11,913
TOTAL EXPENSES $11,913

Year-over-Year Comparison

2024 2023 Change
Revenue $35 N/A N/A
Expenses $11,913 $5,317 +1.2%
Net Income $-11,878 $-5,317 +1.2%
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

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Governance

Voting Members
6
Independent Members
6
Employees
N/A
Volunteers
2

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
3
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DICK GARLITZ DDS DIRECTOR N/A
Director
$0 $0 $0
CAROLL KOSCHESKI MD DIRECTOR N/A
Director
$0 $0 $0
CLARE GRAY MD P,CEO,DIRECT N/A
Officer Director
$0 $0 $0
PHIL GREENE MD DIRECTOR N/A
Director
$0 $0 $0
BILL SHILLITO VP, CFO, TRE N/A
Officer Director
$0 $0 $0
PATSY GRAY SECRETARY N/A
Officer
$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
2024 $35 $11,913 $248 $-11,878
2023 No data $5,317 $305 No data
2022 $100,130 $152,738 $298 $-52,608
2021 $150,280 $98,870 $50,240 $51,410
2020 $265,000 $203,574 $18,914 $61,426
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