PAACT INC (PATIENT ADVOCATED FOR A… - Form 990 Financial Data

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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

1987

Legal Domicile

Principal Officer

RICK PROFIT

Phone

6164531477

Tax Period

2018-01-01 to 2018-12-31

PAACT INC (PATIENT ADVOCATED FOR ADVANCED CANCER TREATMENTS), founded in 1987, is a micro nonprofit that reported $53K in total revenue in fiscal year 2018. Revenue fell 27% from the prior year — a significant decline worth monitoring. Expenses of $223K exceeded revenue, resulting in a 316% operating deficit.

Mission

PAACT BELIEVES THAT A CURE FOR PROSTRATE CANCER IS WITHIN SIGHT AND KNOWLEDGE IS ONE OF THE WEAPONS TO ENSURE THAT PROSTRATE CANCER IS CURED WITHIN OUR LIFETIME.

Program Service Accomplishments

Program 1

Expenses: $164,674

TO PROMOTE EDUCATION AND RESEARCH IN THE ADVANCEMENT OF PROSTRATE CANCER TREATMENTS.

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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 (2018)

Revenue Breakdown

Contributions & Grants $48,711

Program Service Revenue $0

Investment Income $4,740

Other Revenue $0

TOTAL REVENUE $53,451

Expense Breakdown

Grants Paid $0

Salaries & Benefits $133,304

Fundraising Expenses $0

Program Expenses $164,674

Other Expenses $89,286

TOTAL EXPENSES $222,590

Year-over-Year Comparison

	2018	2017	Change
Revenue	$53,451	$73,445	-0.3%
Expenses	$222,590	$248,589	-0.1%
Net Income	$-169,139	$-175,144	0.0%

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

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

$78,510

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SALEEM DURVESH	DIRECTOR	1.00	Director	$0	$0	$0
EDWIN KUBERSKI	TREASURER	1.00	Officer Director	$0	$0	$0
JANET NEY	DIRECTOR	1.00	Director	$0	$0	$0
JANETTE NEY	DIRECTOR	1.00	Director	$0	$0	$0
ANTHONY STAICER	DIRECTOR	1.00	Director	$0	$0	$0
RICK PROFIT	EXECUTIVE DR	40.00	Officer	$78,510	$0	$78,510

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	$53,451	$222,590	$41,275	$-169,139

PAACT INC (PATIENT ADVOCATED FOR ADVANCED CANCER TREATMENTS)