FITMS NEUROBALANCE CENTER (EIN 273849152) - 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

2010

Legal Domicile

Principal Officer

DAVE WILHELMI

Phone

8478006162

Tax Period

2024-01-01 to 2024-12-31

FITMS NEUROBALANCE CENTER, founded in 2010, is a small nonprofit in the Health Care sector that reported $785K in total revenue in fiscal year 2024. Revenue surged 55% from the prior year, signaling strong growth momentum. Expenses of $1.1M exceeded revenue, resulting in a 39% operating deficit.

Mission

TO PROVIDE EDUCATION, HEALTHCARE, FITNESS, RESEARCH, SUPPORT AND COMMUNITY UNDER ONE ROOF TO THOSE LIVING WITH NEUROMUSCULAR AND AUTOIMMUNE CONDITIONS THAT THREATEN INDEPENDENCE.

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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 $545,547

Program Service Revenue $187,701

Investment Income $60,841

Other Revenue $-8,749

TOTAL REVENUE $785,340

Expense Breakdown

Grants Paid $0

Salaries & Benefits $516,365

Fundraising Expenses $110,056

Program Expenses $596,770

Other Expenses $576,705

TOTAL EXPENSES $1,093,070

Year-over-Year Comparison

	2024	2023	Change
Revenue	$785,340	$505,721	+0.6%
Expenses	$1,093,070	$887,694	+0.2%
Net Income	$-307,730	$-381,973	-0.2%

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

$222,847

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICK DOWD	DIRECTOR	1.00	Director	$0	$0	$0
VINCE FOGLIA	DIRECTOR	1.00	Director	$0	$0	$0
ANN PHARMAKIS ROSENBAUM	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER SMITH	DIRECTOR	1.00	Director	$0	$0	$0
VINNIE FOGLIA	CHAIRMAN	6.00	Officer Director	$0	$0	$0
TIERNEY SACCAVINO-PAYNE	VICE CHAIR	2.00	Officer Director	$0	$0	$0
DAVE WILHELMI	TREASURER	6.00	Officer Director	$0	$0	$0
VILIA DEDINAS	SECRETARY	2.00	Officer Director	$0	$0	$0
JOY WAGNER	FOUNDER & PRESIDENT	40.00	Officer	$88,769	$0	$88,769
SHAWNA EGAN	PRESIDENT	40.00	Officer	$6,462	$0	$6,462
RAYMOND LAPINAS	EXECUTIVE DIRECTOR	40.00	Officer	$127,616	$0	$127,616

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	$785,340	$1,093,070	$4,340,398	$-307,730
2023	$505,721	$887,694	$4,481,984	$-381,973
2022	$884,502	$608,790	$4,875,695	$275,712
2021	$532,688	$699,069	$4,562,356	$-166,381
2020	$1,374,147	$624,403	$4,730,443	$749,744
2019	$745,245	$480,566	$3,976,942	$264,679
2018	$466,253	$511,492	$3,702,461	$-45,239

FITMS NEUROBALANCE CENTER