Institute for Modern Psychoanalysis of Philadelphia

EIN: 237360583 501(c)(3) Education

PHILADELPHIA, PA

Total Revenue
$665,867
Total Expenses
$745,813
Total Assets
$276,285
Net Assets
$15,664
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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
1973
Legal Domicile
PA
Principal Officer
Lisa Correale
Phone
2157328244
Tax Period
2024-06-01 to 2025-05-31

Institute for Modern Psychoanalysis of Philadelphia, founded in 1973, is a small nonprofit in the Education sector that reported $666K in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. Expenses of $746K exceeded revenue, resulting in a 12% operating deficit.

Mission

Psychoanalytic training institute and mental health clinic primarily serving the Medicaid population of Philadelphia PA

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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 $35,073
Program Service Revenue $620,302
Investment Income $0
Other Revenue $10,492
TOTAL REVENUE $665,867

Expense Breakdown

Grants Paid $0
Salaries & Benefits $256,614
Fundraising Expenses $0
Program Expenses $542,872
Other Expenses $489,199
TOTAL EXPENSES $745,813

Year-over-Year Comparison

2024 2023 Change
Revenue $665,867 $759,780 -0.1%
Expenses $745,813 $736,285 +0.0%
Net Income $-79,946 $23,495 -4.4%
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
8
Independent Members
3
Employees
7
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
5
$75,500
Total Directors
8
$0
Key Employees
1
$75,500
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Wallace Fletcher President 2.00
Director
$0 $0 $0
Marie Hartke Vice President 10.00
Officer Director
$0 $0 $0
Jack Brown Treasurer 2.00
Officer Director
$0 $0 $0
Deb Grigson Public Board Member 2.00
Officer Director
$0 $0 $0
William Lorman Secretary 2.00
Officer Director
$0 $0 $0
Chandler Zachary Independent Board Member 2.00
Director
$0 $0 $0
Barbara Smith Board Member 2.00
Director
$0 $0 $0
Evelyn White Board Member 2.00
Director
$0 $0 $0
Lisa Correale Executive Director 40.00
Officer Key Emp
$75,500 $0 $75,500
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 $665,867 $745,813 $276,285 $-79,946
2024 $759,780 $736,285 $410,201 $23,495
2023 $803,466 $711,762 $425,793 $91,704
2022 $605,351 $557,860 $366,590 $47,491
2021 $569,039 $523,135 $280,392 $45,904
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