ALLIANCE OF WOUND CARE STAKEHOLDERS

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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

2011

Legal Domicile

Principal Officer

MARCIA NUSGART RPH

Phone

3015307846

Tax Period

2023-01-01 to 2023-12-31

ALLIANCE OF WOUND CARE STAKEHOLDERS, founded in 2011, is a community nonprofit in the Community Improvement sector that reported $1.2M in total revenue in fiscal year 2023. Revenue decreased 19% compared to the prior year. Expenses of $1.3M exceeded revenue, resulting in a 10% operating deficit.

Mission

TO PROMOTE QUALITY CARE AND PATIENT ACCESS TO WOUND CARE PRODUCTS AND SERVICES THROUGH EFFECTIVE ADVOCACY IN THE REGULATORY, LEGISLATIVE AND PUBLIC ARENAS.

Program Service Accomplishments

Program 1

AS A RESULT OF OUR TENACIOUS ADVOCACY, WE: - SUCCESSFULLY ACHIEVED WITHDRAWAL OF HIGHLY PROBLEMATIC CTP LOCAL COVERAGE POLICIES FOR THE TREATMENT OF DIABETIC FOOT ULCERS & VENOUS LEG ULCERS. -...

AS A RESULT OF OUR TENACIOUS ADVOCACY, WE: - SUCCESSFULLY ACHIEVED WITHDRAWAL OF HIGHLY PROBLEMATIC CTP LOCAL COVERAGE POLICIES FOR THE TREATMENT OF DIABETIC FOOT ULCERS & VENOUS LEG ULCERS. - SUCCESSFULLY MOBILIZED CMS TO MAKE TECHNICAL CORRECTION TO HBOT PAYMENT RATE. - GAINED ENDORSEMENT OF CMS' ADVISORY PANEL ON HOSPITAL OUTPATIENT PAYMENT TO CORRECT FLAWS IN CTP PAYMENT METHODOLOGY. - ELEVATED SURGICAL DRESSINGS CLAIMS PROCESSING PROCESS ISSUES AND DENIALS THAT HAVE CREATED A LACK OF PATIENT ACCESS.

Program 2

EXPANDED AWARENESS OF THE BURDEN, PREVALENCE & COST OF CHRONIC WOUNDS - FOLLOWING UP ON OUR 2018 ECONOMIC IMPACT STUDY, THE ALLIANCE CO-AUTHORED A NEW ECONOMIC IMPACT STUDY PUBLISHED IN THE JOURNAL OF MEDICAL ECONOMICS (JULY 2023) DEMONSTRATING THE CHANGING LANDSCAPE OF CHRONIC WOUND CARE AND COSTS, AND PROVIDING GREATER TRANSPARENCY ON HOW MEDICARE COVERAGE AND PAYMENT POLICIES ARE INFLUENCING WHERE WOUND PATIENTS ARE RECEIVING CARE.

Program 3

SHAPED POLICY DEVELOPMENT AS WE: - ENCOURAGED MEDICARE PAYMENT REFORM AND MITIGATION OF PHYSICIAN PAYMENT CUTS:URGED CONGRESS TO TAKE STEPS ON "TRANSFORMATIVE" MEDICARE PAYMENT REFORMS TO PROTECT THE CLINICIAN WORKFORCE IN A LETTER CO-SIGNED WITH 100+ MEDICAL PROFESSIONAL ORGANIZATIONS REPRESENTING MORE THAN ONE MILLION HEALTHCARE PROVIDERS. - SOUGHT FAIR PAYMENT FOR MEDICAL PROVIDERS AND ALLIED HEALTH PROFESSIONALS IN THE MEASURING, FITTING, AND TRAINING SERVICES OF LYMPHEDEMA COMPRESSION TREATMENT ITEMS.

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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 $0

Program Service Revenue $1,203,969

Investment Income $3,195

Other Revenue $0

TOTAL REVENUE $1,207,164

Expense Breakdown

Grants Paid $0

Salaries & Benefits $905,108

Fundraising Expenses $0

Other Expenses $424,056

TOTAL EXPENSES $1,329,164

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,207,164	$1,490,096	-0.2%
Expenses	$1,329,164	$1,517,779	-0.1%
Net Income	$-122,000	$-27,683	+3.4%

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

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

$400,000

Total Directors

$794,350

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR CAROLINE FIFE	BOARD MEMBER	1.00	Director	$0	$0	$0
DEANNE PRIMOZIC	BOARD MEMBER	1.00	Director	$0	$0	$0
JULIE RHODOVI	BOARD MEMBER	1.00	Director	$0	$0	$0
DR MATTHEW GAROUFALIS	CHAIR	1.00	Officer Director	$0	$0	$0
KAREN RAVITZ	EX OFFICIO	25.00	Director	$394,350	$0	$394,350
MARCIA NUSGART	FOUNDER AND CHIEF EXECUTIVE OFFICER	40.00	Officer Director	$400,000	$0	$400,000
MICHELLE COOPER	SECRETARY	1.00	Officer Director	$0	$0	$0
DR DAVID ALPER	TREASURER	1.00	Officer Director	$0	$0	$0
KARA COUCH	VICE CHAIR	1.00	Officer 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
2024	No data	No data	No data	No data
2023	$1,207,164	$1,329,164	$528,990	$-122,000
2022	$1,490,096	$1,517,779	$1,056,852	$-27,683
2021	$803,857	$762,288	$826,723	$41,569
2020	$620,681	$419,219	$501,720	$201,462
2019	$548,445	$461,900	$303,366	$86,545
2018	$347,534	$301,904	$177,908	$45,630