ACADEMY OF COGNITIVE THERAPY FOUNDATION

EIN: 364273977 501(c)(3) Health Care

PHILADELPHIA, PA

Total Revenue
$619
Total Expenses
$1,130
Total Assets
$28,075
Net Assets
$20,011
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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
2003
Legal Domicile
PA
Principal Officer
TROY THOMPSON
Phone
2158317838
Tax Period
2018-01-01 to 2018-12-31

ACADEMY OF COGNITIVE THERAPY FOUNDATION, founded in 2003, is a micro nonprofit in the Health Care sector that reported $619 in total revenue in fiscal year 2018. Revenue surged 61% from the prior year, signaling strong growth momentum. Expenses of $1K exceeded revenue, resulting in a 83% operating deficit.

Mission

TO ASSEMBLE AND MAINTAIN A CREDENTIALING AND REFERRAL SYSTEM AND TO SERVE AS A PUBLIC RESOURCE AND INFORMATION CENTER FOR MATTERS RELATED TO COGNITIVE THERAPY.

Program Service Accomplishments

Program 1
Expenses: $1,130 Revenue: $0

TO INCREASE ACCESS TO HIGH QUALITY CBT, ACT WORKS WITH STATE AND LOCAL HEALTH AND HUMAN SERVICE DEPARTMENTS TO EVALUATE CLINICIANS WHO PROVIDE MENTAL HEALTH SERVICES TO LOW INCOME INDIVIDUALS. TO...

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TO INCREASE ACCESS TO HIGH QUALITY CBT, ACT WORKS WITH STATE AND LOCAL HEALTH AND HUMAN SERVICE DEPARTMENTS TO EVALUATE CLINICIANS WHO PROVIDE MENTAL HEALTH SERVICES TO LOW INCOME INDIVIDUALS. TO ASSEMBLE AND MAINTAIN A CREDENTIALING AND REFERRAL SYSTEM OF QUALIFIED HEALTH CARE PROFESSIONALS WHOSE QUALIFICATIONS MEET THE STANDARDS SET BY ACT AND WHO CAN PROVIDE TREATMENT FOR THE PUBLIC GOOD. THE ACADEMY OF COGNITIVE THERAPY IDENTIFIED 120 MENTAL HEALTH PROFESSIONALS IN 2018 AS HIGH QUALITY PROVIDERS OF CBT.TO SUPPORT PROFESSIONALS AND FOSTER THE EDUCATIONAL DEVELOPMENT OF HEALTH PERSONNEL. ACT MAINTAINS A DIRECTORY OF CBT TRAINER CONSULTANTS.DURING 2017, THE ACADEMY OF COGNITIVE THERAPY CONTINUED A CBT TRAINING INITIATIVE AND WORKED WITH LOS ANGELES COUNTY, CALIFORNIA DEPARTMENT OF MENTAL HEALTH TO EDUCATE 200 CLINICIANS.

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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 (2018)

Revenue Breakdown

Contributions & Grants $590
Program Service Revenue $0
Investment Income $29
Other Revenue $0
TOTAL REVENUE $619

Expense Breakdown

Grants Paid $500
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,130
Other Expenses $630
TOTAL EXPENSES $1,130

Year-over-Year Comparison

2018 2017 Change
Revenue $619 $385 +0.6%
Expenses $1,130 $2,286 -0.5%
Net Income $-511 $-1,901 -0.7%
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
10
Independent Members
10
Employees
N/A
Volunteers
20

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
6
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN P WILLIAMS MD PRESIDENT (FORMER) 1.00
Officer Director
$0 $0 $0
LESLIE SOKOL PHD BOARD MEMBER-AT-LARGE 1.00
Director
$0 $0 $0
LYNN MCFARR PHD PRESIDENT (ELECT) 1.00
Officer Director
$0 $0 $0
LATA K MCGINN PHD PRESIDENT 1.00
Officer Director
$0 $0 $0
LIANE BROWNE ESQ BOARD MEMBER-AT-LARGE 1.00
Director
$0 $0 $0
AARON T BECK MD HONORARY PRESIDENT (FORMER 1.00
Director
$0 $0 $0
R TRENT CODD ED D BOARD MEMBER-AT-LARGE 1.00
Director
$0 $0 $0
ELAINE S ELLIOTT-MOSKWA PHD SECRETARY 1.00
Officer Director
$0 $0 $0
BRAD RICHARDS PHD BOARD MEMBER-AT-LARGE 1.00
Director
$0 $0 $0
STEPHEN HOLLAND PSYD BOARD MEMBER-AT-LARGE 1.00
Director
$0 $0 $0
DENISE DAVIS PHD TREASURER 1.00
Officer Director
$0 $0 $0
TROY THOMPSON EXECUTIVE DIRECTOR 1.00
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
2018 $619 $1,130 $28,075 $-511
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