MULTI - SPECIALTY PORTFOLIO APPROVAL PROGRAM ORGANIZATION

EIN: 465431221 501(c)(3)

CHICAGO, IL

Total Revenue
$200,249
Total Expenses
$348,150
Total Assets
N/A
Net Assets
N/A
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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
2013
Legal Domicile
IL
Principal Officer
RICHARD E HAWKINS MD
Phone
3124362600
Tax Period
2019-01-01 to 2019-12-02

MULTI - SPECIALITY PORTFOLIO APPROVAL PROGRAM ORGANIZATION, founded in 2013, is a small nonprofit that reported $372K in total revenue in fiscal year 2018. Revenue decreased 5% compared to the prior year. Expenses of $723K exceeded revenue, resulting in a 95% operating deficit.

Mission

The Multi-Specialty Portfolio Approval Program (MSPAPO) will exemplify collaboration, shared learning, and innovation in pursuit of certification and improved public health.

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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 (2019)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $200,249
Investment Income $0
Other Revenue $0
TOTAL REVENUE $200,249

Expense Breakdown

Grants Paid $0
Salaries & Benefits $274,914
Fundraising Expenses $0
Program Expenses $198,285
Other Expenses $73,236
TOTAL EXPENSES $348,150

Year-over-Year Comparison

2019 2018 Change
Revenue $200,249 $371,750 -0.5%
Expenses $348,150 $723,433 -0.5%
Net Income $-147,901 $-351,683 -0.6%
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
N/A
Independent Members
N/A
Employees
4
Volunteers
18

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
4
$881,243
Total Directors
12
$1,171,042
Key Employees
2
$815,467
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICHARD E HAWKINS MD PRESIDENT (THRU 06/19) 0.5
Officer Director
$6,677 $81,234 $748,897
Laura Skarnulis COO (THRU 06/19) 0.5
Key Emp
$3,866 $66,755 $453,357
David W Price MD EXECUTIVE DIR.(THRU 06/19) 7.5
Director
$40,929 $15,321 $397,145
John Mandelbaum Chief Legal Ofcr. (THRU 06/19) 1.0
Key Emp
$5,811 $71,564 $362,110
Jennifer Michael Chief Info. Ofcr. (THRU 06/19) 0.5
Highest
$2,467 $54,327 $300,935
Richard Waters VP Mktg & Commn. (THRU 06/19) 1.0
Highest
$4,797 $17,858 $257,697
JENNIFER BAYER VP of Finance (THRU 06/19) 1.0
Officer
$2,450 $9,860 $132,346
BARRY S SMITH MD DIRECTOR (THRU 06/19) 0.5
Director
$1,087 $0 $25,000
Bruce Nitsche MD CHAIR (THRU 06/19) 1.0
Officer Director
$0 $0 $0
Roger W Bush MD Secretary-Treas (Thru 06/19) 1.0
Officer Director
$0 $0 $0
ViRginia A Moyer MD DIRECTOR (THRU 06/19) 1.0
Director
$0 $0 $0
Roger M Bean CPA DIRECTOR (THRU 06/19) 1.0
Director
$0 $0 $0
GEORGE D WENDEL JR DIRECTOR (THRU 06/19) 0.5
Director
$0 $0 $0
THOMAS F REHRING MD DIRECTOR (THRU 06/19) 1.0
Director
$0 $0 $0
PATTY J SKOLNIK MSW DIRECTOR (THRU 06/19) 1.0
Director
$0 $0 $0
ERIK STRATMAN MD DIRECTOR (THRU 06/19) 1.0
Director
$0 $0 $0
NANCY DAVIS PHD DIRECTOR (THRU 06/19) 1.0
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
2019 $200,249 $348,150 No data $-147,901
2018 $371,750 $723,433 $228,342 $-351,683
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