Texas Academy of Physician Assistants (EIN 237453490) - 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

1975

Legal Domicile

Principal Officer

Sonali Weerasinghe

Phone

5125180120

Tax Period

2024-07-01 to 2025-06-30

Texas Academy of Physician Assistants, founded in 1975, is a small nonprofit in the Community Improvement sector that reported $441K in total revenue in fiscal year 2024. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $536K exceeded revenue, resulting in a 22% operating deficit.

Mission

The Texas Academy of Physician Assistants advances the PA profession through advocacy and development by leading PAs across Texas

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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 $120,371

Program Service Revenue $314,679

Investment Income $5,971

Other Revenue $0

TOTAL REVENUE $441,021

Expense Breakdown

Grants Paid $0

Salaries & Benefits $54,272

Fundraising Expenses $0

Program Expenses $430,521

Other Expenses $482,156

TOTAL EXPENSES $536,428

Year-over-Year Comparison

	2024	2023	Change
Revenue	$441,021	$558,995	-0.2%
Expenses	$536,428	N/A	N/A
Net Income	$-95,407	$558,995	-1.2%

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

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
MONICA FOOTE WARD	Immediate Past Preside	5.00	Officer	$0	$0	$0
SONALI WEERASIGNGHE	President	5.00	Officer	$0	$0	$0
KATIE DELUCIA	President Elect	2.00	Officer	$0	$0	$0
TIM WOMBACHER	Treasurer	2.00	Officer	$0	$0	$0
HEATHER DAVIS-LOPEZ	Secretary	2.00	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
2025	$441,021	$536,428	$222,538	$-95,407
2024	$560,966	$553,908	$255,837	$7,058
2023	$446,015	$539,510	$383,797	$-93,495
2022	$509,871	$588,933	$479,954	$-79,062
2021	$438,750	$236,044	$518,159	$202,706
2021	$438,750	$236,044	$518,159	$202,706
2020	$482,302	$381,869	$232,062	$100,433
2019	$544,365	$464,765	$253,153	$79,600

Texas Academy of Physician Assistants