WISCONSIN ACADEMY OF PAS INC

EIN: 391281325

TRENTON, NJ

Total Revenue
$272,258
Total Expenses
$321,735
Total Assets
$405,318
Net Assets
$323,324
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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
1976
Legal Domicile
WI
Principal Officer
AMY CHEATHAM
Phone
4142538188
Tax Period
2025-01-01 to 2025-12-31

WISCONSIN ACADEMY OF PAS INC, founded in 1976, is a small nonprofit that reported $272K in total revenue in fiscal year 2025. Revenue decreased 18% compared to the prior year. Expenses of $322K exceeded revenue, resulting in a 18% operating deficit.

Mission

THE WISCONSIN ACADEMY OF PAS INC. (WAPA) IS A CHAPTER OF THE AMERICAN ACADEMY OF PHYSICIAN ASSOCIATES (AAPA). WAPA WORKS TO ENSURE THE PROFESSIONAL GROWTH, PERSONAL EXCELLENCE, AND RECOGNITION OF PHYSICIAN ASSOCIATES (PAS) IN WISCONSIN, AND SUPPORT EFFORTS TO ENABLE THEM TO IMPROVE THE QUALITY, ACCESSIBILITY, AND COST-EFFECTIVENESS OF PATIENT-CENTERED HEALTHCARE THROUGHOUT THE STATE.

Program Service Accomplishments

Program 1

ANNUAL CME CONFERENCE - WAPA HOSTS AN ANNUAL CONTINUING MEDICAL EDUCATION (CME) CONFERENCE EACH FALL, PROVIDING CLINICIANS FROM ACROSS THE STATE WITH 4 DAYS OF HIGH-CALIBER MEDICAL CONTENT PRESENTED...

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ANNUAL CME CONFERENCE - WAPA HOSTS AN ANNUAL CONTINUING MEDICAL EDUCATION (CME) CONFERENCE EACH FALL, PROVIDING CLINICIANS FROM ACROSS THE STATE WITH 4 DAYS OF HIGH-CALIBER MEDICAL CONTENT PRESENTED ACROSS CONCURRENT SESSIONS. SESSIONS COVER A VARIETY OF INPATIENT AND OUTPATIENT MEDICAL TOPICS, AS WELL AS THOSE ON MEDICAL LEADERSHIP AND PROFESSIONAL DEVELOPMENT BEYOND THE TRADITIONAL CLINICAL ROLE. THE CONFERENCE ALSO INCLUDES VARIOUS WORKSHOPS AND SMALL GROUP PRESENTATIONS, AN EXHIBIT HALL, AND STUDENT CAREER FAIR.

Program 2

ADVOCACY - WAPA ADVOCATES ON MATTERS THAT CREATE OPPORTUNITIES THAT POSITIVELY IMPACT THE PRACTICE OF PAS IN WISCONSIN.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $239,999
Investment Income $29,796
Other Revenue $2,463
TOTAL REVENUE $272,258

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $321,735
TOTAL EXPENSES $321,735

Year-over-Year Comparison

2025 2024 Change
Revenue $272,258 $330,786 -0.2%
Expenses $321,735 $356,045 -0.1%
Net Income $-49,477 $-25,259 +1.0%
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

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Governance

Voting Members
11
Independent Members
11
Employees
N/A
Volunteers
45

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
5
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AMIE BILLSTROM PRESIDENT 5.00
Officer Director
$0 $0 $0
WHITNEY SEUL PRESIDENT-ELECT 2.00
Officer Director
$0 $0 $0
JENNA BRINK IMMEDIATE PAST-PRESIDENT 2.00
Officer Director
$0 $0 $0
AMANDA JOHNSON SECRETARY-TREASURER 2.00
Officer Director
$0 $0 $0
DANIELLE GEMIGNANI REGIONAL DIRECTOR 2.00
Director
$0 $0 $0
KATIE GUNDERSON REGIONAL DIRECTOR 2.00
Director
$0 $0 $0
BEVERLY KIMBALL REGIONAL DIRECTOR 2.00
Director
$0 $0 $0
STEPHANIE KRAL REGIONAL DIRECTOR 2.00
Director
$0 $0 $0
IRUM ZIAUDDIN REGIONAL DIRECTOR 2.00
Director
$0 $0 $0
WHITNEY HEWITT STUDENT LIAISON CHAIR 2.00
Director
$0 $0 $0
MIRANDA SPINDT DIVERSITY LIAISON 2.00
Director
$0 $0 $0
AMY CHEATHAM EXECUTIVE DIRECTOR (LUTINE) 10.00
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
2025 $272,258 $321,735 $405,318 $-49,477
2024 No data No data No data No data
2023 $321,701 $348,157 $433,578 $-26,456
2022 $388,224 $397,338 $440,849 $-9,114
2021 $358,112 $324,500 $526,228 $33,612
2020 $286,295 $264,195 $533,419 $22,100
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