Atlantic Prosthetic & Orthotic Ser… - Form 990 Financial Data

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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

1992

Legal Domicile

Principal Officer

Richard Kathrins

Phone

6097485466

Tax Period

2022-01-01 to 2022-12-31

Atlantic Prosthetic & Orthotic Services, founded in 1992, is a small nonprofit that reported $952K in total revenue in fiscal year 2022. Revenue decreased 15% compared to the prior year. The organization ran a surplus of $190K, a strong 20% operating margin.

Mission

Designs, manufactures, furnishes, fits and sells orthotic and prosthetic devices and equipment in coordination with services provided by hospitals and providers of medical services.

Program Service Accomplishments

Program 1

Expenses: $693,573 Revenue: $919,741

Providing prosthetic and orthotic services to the community.

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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 $0

Program Service Revenue $692,459

Investment Income $32,107

Other Revenue $227,282

TOTAL REVENUE $951,848

Expense Breakdown

Grants Paid $0

Salaries & Benefits $346,801

Fundraising Expenses $0

Program Expenses $693,573

Other Expenses $415,261

TOTAL EXPENSES $762,062

Year-over-Year Comparison

	2022	2021	Change
Revenue	$951,848	$1,121,804	-0.2%
Expenses	$762,062	$1,293,367	-0.4%
Net Income	$189,786	$-171,563	-2.1%

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

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

$789,274

Total Directors

$596,174

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Richard Kathrins	President & CEO	2.00	Officer Director	$0	$5,080	$141,115
Diane Croshaw	Secretary	2.00	Officer Director	$0	$5,879	$167,449
Beth Hoffman	Trustee	2.00	Officer Director	$0	$36,341	$287,610
Shawn Ryan	CFO	2.00	Officer	$0	$7,059	$193,100
Paul Rutledge	Administrative Director	40.00	Highest	$105,453	$15,038	$120,491

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
2022	$951,848	$762,062	No data	$189,786
2021	$1,121,804	$1,293,367	$389,294	$-171,563
2020	$1,417,673	$1,327,470	$503,977	$90,203

Atlantic Prosthetic & Orthotic Services