PHILADELPHIA POST-ACUTE PARTNERS LLC (EIN 208283421) - 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

MICHAEL SPIGEL

Phone

6107763160

Tax Period

2022-07-01 to 2023-06-30

PHILADELPHIA POST-ACUTE PARTNERS LLC, founded in 2007, is a major nonprofit in the Health Care sector that reported $113.0M in total revenue in fiscal year 2022. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $108.2M left a modest 4% surplus.

Mission

OPERATE INPATIENT REHAB AND LONG TERM ACUTE CARE HOSPITAL ALONG WITH OUTPATIENT LOCATIONS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $3,056,710

Program Service Revenue $109,993,680

Investment Income $-180,574

Other Revenue $157,814

TOTAL REVENUE $113,027,630

Expense Breakdown

Grants Paid $0

Salaries & Benefits $78,596,139

Fundraising Expenses $0

Program Expenses $89,825,343

Other Expenses $29,572,020

TOTAL EXPENSES $108,168,159

Year-over-Year Comparison

	2022	2021	Change
Revenue	$113,027,630	$103,069,252	+0.1%
Expenses	$108,168,159	$101,141,642	+0.1%
Net Income	$4,859,471	$1,927,610	+1.5%

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

Employees

1154

Volunteers

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

$1,026,814

Total Directors

$645,814

Key Employees

$1,298,231

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL R SPIGEL	PRESIDENT & CEO/CHAIR	3.50	Officer Director	$0	$36,114	$645,814
BLAKE MARLES	SECRETARY	2.00	Officer Director	$0	$0	$0
PATRICK BRENNAN	TRUSTEE	2.00	Director	$0	$0	$0
DAVID DECAMPLI	TRUSTEE	2.00	Director	$0	$0	$0
PAMELA DECAMPLI	TRUSTEE	2.00	Director	$0	$0	$0
TIMOTHY DILLINGHAM	TRUSTEE	2.00	Director	$0	$0	$0
LORI GUSTAVE	TRUSTEE	2.00	Director	$0	$0	$0
TINA RICHARDSON	TRUSTEE	2.00	Director	$0	$0	$0
ROY SCHWARTZ	TRUSTEE	2.00	Director	$0	$0	$0
MAURA TOPPER	TRUSTEE	2.00	Director	$0	$0	$0
DAN JANICAK	INTERIM CFO	5.00	Officer	$0	$0	$381,000
TERENCE P O'NEIL	CHIEF INFORMATION OFFICER	5.00	Key Emp	$0	$28,653	$305,730
CHERYL A FISHER	CHIEF HR OFFICER	5.00	Key Emp	$0	$29,714	$300,553
JESSICA COOPER	EXEC DIRECTOR	40.00	Key Emp	$0	$74,277	$462,234
JEAN ROMANO	CNO	40.00	Key Emp	$0	$43,792	$229,714
KIM GROSCH	DIV VP THERAPY SVCS	40.00	Highest	$194,701	$17,508	$212,209
ROBERT W FRITCH	VP ADMIN OPERATIONS	40.00	Highest	$194,023	$1,237	$195,260
MEHE YOON	RN FLOAT POOL	40.00	Highest	$176,188	$9,204	$185,392
SANDRA NEUBAUER	DIR OUTPATIENT OPERATIONS	40.00	Highest	$175,489	$9,418	$184,907
TANISHA E DAVIS	RN FLOAT POOL	40.00	Highest	$167,688	$9,138	$176,826

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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$113,027,630	$108,168,159	$78,378,926	$4,859,471
2022	$103,069,252	$101,141,642	$77,143,140	$1,927,610
2021	$101,068,675	$98,871,816	$76,499,158	$2,196,859
2020	$96,583,524	$96,795,777	$46,320,135	$-212,253
2019	$98,269,596	$100,181,961	$48,491,815	$-1,912,365
2018	$99,449,582	$92,109,638	$49,754,360	$7,339,944

PHILADELPHIA POST-ACUTE PARTNERS LLC