PHILADELPHIA DERMATOLOGICAL SOCIETY

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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

1900

Legal Domicile

Principal Officer

ABHISHEK APHALE

Phone

8563324568

Tax Period

2024-09-01 to 2025-08-31

PHILADELPHIA DERMATOLOGICAL SOCIETY, founded in 1900, is a micro nonprofit in the Medical Research sector that reported $66K in total revenue in fiscal year 2024. Expenses of $87K exceeded revenue, resulting in a 32% operating deficit.

Mission

TO PARTNER WITH PHILADELPHIA ACADEMIC DERMATOLOGY DEPARTMENTS TO PROVIDE EDUCATIONAL DERMATOLOGICAL MEETINGS TO THEIR MEMBERS FOR CME CREDIT.

Program Service Accomplishments

Program 1

Expenses: $68,554

THE ORGANZATION'S PRIMARY MISSION IS TO FURTHER THE DEVELOPMENT OF DERMATOLOGICAL SCIENCE. THE PROGRAM IS ALREADY IN EXISTENCE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $41,825

Program Service Revenue $0

Investment Income $24,476

Other Revenue $0

TOTAL REVENUE $66,301

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $1,008

Program Expenses $68,554

Other Expenses $87,307

TOTAL EXPENSES $87,307

Year-over-Year Comparison

	2024	2023	Change
Revenue	$66,301	$64,506	+0.0%
Expenses	$87,307	$83,610	+0.0%
Net Income	$-21,006	$-19,104	+0.1%

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

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HAROLD W HIGGINS MD	IMMEDIATE PAST PRESIDENT	2.00	Officer Director	$0	$0	$0
TEMITAYO OGUNLEYE MD	PRESIDENT	2.00	Officer Director	$0	$0	$0
ABHISKEK APHALE MD	TREASURER	2.00	Officer Director	$0	$0	$0
NEDA NIKBAKHT	BOARD MEMBER	2.00	Director	$0	$0	$0
GEORGE COTSARELIS MD	BOARD MEMBER	2.00	Director	$0	$0	$0
SYLVIA HSU MD	BOARD MEMBER	2.00	Director	$0	$0	$0
CAMILLE INTROCASO MD	BOARD MEMBER	2.00	Director	$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
2025	$66,301	$87,307	$615,099	$-21,006
2024	$64,506	$83,610	$632,305	$-19,104
2023	$51,736	$76,491	$627,764	$-24,755
2022	$624,371	$216,183	$654,996	$408,188