WASHINGTON PSYCHIATRIC 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

1949

Legal Domicile

Principal Officer

PATRICIA TROY

Phone

4106475002

Tax Period

2023-01-01 to 2023-12-31

WASHINGTON PSYCHIATRIC SOCIETY, founded in 1949, is a small nonprofit that reported $216K in total revenue in fiscal year 2023.

Mission

TO ENSURE ACCESS TO HUMANE CARE AND EFFECTIVE TREATMENT FOR PEOPLE WITH MENTAL ILLNESSES. THE SOCIETY IS THE VOICE AND CONSCIENCE OF PSYCHIATRY IN THE NATIONAL CAPITAL AREA, AND ADVOCATES FOR AN ENVIRONMENT WHERE QUALITY PSYCHIATRIC CARE IS AVAILABLE FOR ALL WHO NEED IT. THE WASHINGTON PSYCHIATRIC SOCIETY PROMOTES THE HIGHEST QUALITY OF CARE FOR INDIVIDUALS WITH MENTAL ILLNESSES AND THEIR FAMILIES, PROMOTES PSYCHIATRIC EDUCATION AND RESEARCH, ADVANCES AND REPRESENTS THE PROFESSION OF PSYCHIATRY, AND ADDRESSES THE PROFESSIONAL NEEDS OF ITS MEMBERS.

Program Service Accomplishments

Program 1

THE SOCIETY HAS SERVED AS A PROFESSIONAL RESOURCE FOR PSYCHIATRISTS FOR OVER 70 YEARS, THROUGH ITS COMMITTEES AND CHAPTERS IN MARYLAND, VIRGINIA AND WASHINGTON, DC, SERVICES INCLUDE SPECIALIZED...

THE SOCIETY HAS SERVED AS A PROFESSIONAL RESOURCE FOR PSYCHIATRISTS FOR OVER 70 YEARS, THROUGH ITS COMMITTEES AND CHAPTERS IN MARYLAND, VIRGINIA AND WASHINGTON, DC, SERVICES INCLUDE SPECIALIZED CONTINUING MEDICAL EDUCATION PROGRAMS, A WEBSITE WITH EXTENSIVE INFORMATION OF VALUE TO THE PUBLIC AND TO MEMBERS, A DIGITAL MAGAZINE AND AN ELECTRONIC MONTHLY NEWSLETTER THAT GOES TO OVER 900 MEMBERS. THE SOCIETY ALSO HANDLES ETHICS COMPLAINTS IN ACCORDANCE WITH THE ETHICAL GUIDELINES OF THE AMERICAN PSYCHIATRIC SOCIETY. IN ADDITION, THE SOCIETY RECOGNIZES ACHIEVEMENTS IN SUPPORT OF PSYCHIATRY THROUGH ITS AWARDS PROGRAM.

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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 (2023)

Revenue Breakdown

Contributions & Grants $50

Program Service Revenue $211,082

Investment Income $5,193

Other Revenue $0

TOTAL REVENUE $216,325

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $229,247

TOTAL EXPENSES $229,247

Year-over-Year Comparison

	2023	2022	Change
Revenue	$216,325	$204,746	+0.1%
Expenses	$229,247	$197,581	+0.2%
Net Income	$-12,922	$7,165	-2.8%

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
MARILOU TABLANG-JIMENEZ MD	PRES. UNTIL MAY, THEN IMM. PAST PRES.	10.00	Officer Director	$0	$0	$0
ANNE DIETRICH PRES-ELECT	UNTIL MAY, THEN PRESIDENT	10.00	Officer Director	$0	$0	$0
STEVEN ISRAEL MD	PAST PRESIDENT UNTIL MAY	10.00	Officer Director	$0	$0	$0
ENRICO SUARDI MD SECRETARY	UNTIL MAY, THEN PRES.-ELECT	3.00	Officer Director	$0	$0	$0
TODD COX MD	SECRETARY AS OF MAY	1.00	Officer Director	$0	$0	$0
NAVNEET SIDHU MD	TREASURER	1.00	Officer Director	$0	$0	$0
CONSTANCE E DUNLAP MD DFAPA	DIRECTOR	1.00	Director	$0	$0	$0
ARI KOPOLOW MD	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL HOUSTON MD	DIRECTOR	1.00	Director	$0	$0	$0
CASSIDY COOPER	DIRECTOR	1.00	Director	$0	$0	$0
CORINA FREITAS	DIRECTOR	1.00	Director	$0	$0	$0
ELSPETH RITCHIE	DIRECTOR	1.00	Director	$0	$0	$0
FAROOQ MOHYUDDIN MD	DIRECTOR AS OF MAY	1.00	Director	$0	$0	$0
ARONICA COTTON MD	DIRECTOR AS OF MAY	1.00	Director	$0	$0	$0
JENNIFER DORR	DIRECTOR AS OF MAY	1.00	Director	$0	$0	$0
NIKKI STEINSIEK	DIRECTOR AS OF MAY	1.00	Director	$0	$0	$0
ALLIE KHAN	DIRECTOR AS OF MAY	1.00	Director	$0	$0	$0
KARLA CHAMOUN ROSARIO	DIRECTOR UNTIL MAY	1.00	Director	$0	$0	$0
MARC DALTON MD MPH	DIRECTOR UNTIL MAY	1.00	Director	$0	$0	$0
MUHAMMAD ZAIDI MD	DIRECTOR UNTIL MAY	1.00	Director	$0	$0	$0
JOSEPH COLLINS MD	DIRECTOR UNTIL MAY	1.00	Director	$0	$0	$0
CHRISTIAN MOSER MD	DIRECTOR UNTIL MAY	1.00	Director	$0	$0	$0
EMILY SCHUTZENHOFER MD	DIRECTOR UNTIL MAY	1.00	Director	$0	$0	$0
PATRICIA TROY	EXECUTIVE ADMINISTRATOR	20.00	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	No data	No data	No data	No data
2023	$216,325	$229,247	$339,992	$-12,922
2022	$204,746	$197,581	$325,696	$7,165
2021	$202,890	$177,201	$370,423	$25,689
2020	$213,907	$144,128	$329,989	$69,779
2019	$258,983	$200,506	$228,535	$58,477
2018	$228,532	$387,709	$188,247	$-159,177