APTA Michigan Inc (EIN 386093248) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1951

Legal Domicile

Principal Officer

Catherine Langley

Phone

5172345040

Tax Period

2023-01-01 to 2023-12-31

MICHIGAN PHYSICAL THERAPY ASSOCIATION, founded in 1951, is a small nonprofit that reported $456K in total revenue in fiscal year 2018. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $75K, a strong 16% operating margin.

Mission

To assure high ethical professional standards are maintained and that quality health care in the areas of prevention, education and wellness are received for all consumers in the state of Michigan.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $220,627

Program Service Revenue $140,845

Investment Income $10,337

Other Revenue $5,364

TOTAL REVENUE $377,173

Expense Breakdown

Grants Paid $4,920

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $439,737

TOTAL EXPENSES $444,657

Year-over-Year Comparison

	2023	2022	Change
Revenue	$377,173	$409,593	-0.1%
Expenses	$444,657	$390,288	+0.1%
Net Income	$-67,484	$19,305	-4.5%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Edward Mathis	President thru 10/31/23	10.00	Officer Director	$0	$0	$0
Brian Gilbert	President beg 10/1/23	10.00	Officer Director	$0	$0	$0
Brian Gilbert	Vice President thru 10/1/23	5.00	Officer Director	$0	$0	$0
Sarah Patterson	Vice President (beg 10/1/23)	5.00	Officer Director	$0	$0	$0
Karen Berg	Treasurer	10.00	Officer Director	$0	$0	$0
Karin Crute	Secretary	5.00	Officer Director	$0	$0	$0
Kathleen Walworth	Speaker of the Membership	1.00	Director	$0	$0	$0
Abigail Skallerud	Director, Legislative Affairs	1.00	Director	$0	$0	$0
Linda Hall	Director, Professional Development	1.00	Director	$0	$0	$0
Shannon Kleinert	Director, Conferences	1.00	Director	$0	$0	$0
Christopher Nawrocki	Director, Payment	1.00	Director	$0	$0	$0
Jorgeann Koenig	Director, Membership/Academic Engagement	1.00	Director	$0	$0	$0
Christopher Hausbeck	Director, Communications	1.00	Director	$0	$0	$0
Caroline Gawaltney	Chief Delegate	1.00	Director	$0	$0	$0
Cate Langley	Executive Director thru 11/30/23	30.00	Director	$0	$0	$0
Edward Mathis	Executive Director beg 11/1/23	30.00	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	$377,173	$444,657	$632,228	$-67,484
2022	$409,593	$390,288	$696,489	$19,305
2021	$378,469	$330,997	$661,049	$47,472
2020	$311,448	$282,823	$650,914	$28,625
2019	$492,554	$403,196	$624,218	$89,358
2018	$456,257	$381,372	$557,344	$74,885

APTA Michigan Inc