SOCIETY FOR PAIN PRACTICE MANAGEMENT (EIN 481066286) - Form 990 Financial Analysis & Trantor Score

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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

1989

Legal Domicile

Principal Officer

STEVEN D WALDMAN

Phone

9133275999

Tax Period

2024-01-01 to 2024-12-31

SOCIETY FOR PAIN PRACTICE MANAGEMENT, founded in 1989, is a small nonprofit in the Diseases & Disorders sector that reported $202K in total revenue in fiscal year 2024. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $254K exceeded revenue, resulting in a 26% operating deficit.

Mission

THE SOCIETY FOR PAIN PRACTICE MANAGEMENT IS A NOT-FOR-PROFIT ORGANIZATION DEDICATED TO EDUCATING SPECIALISTS IN THE AREA OF PAIN TREATMENT AND PRACTICE MANAGEMENT. THE OBJECTIVES OF THE SOCIETY ARE TO PROMOTE THE HEALTH AND WELLNESS OF MANKIND BY ADVANCING THE ART AND SCIENCE OF THE SPECIALTY OF PAIN MANAGEMENT.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $169,568

Investment Income $32,525

Other Revenue $0

TOTAL REVENUE $202,093

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $217,756

Other Expenses $254,387

TOTAL EXPENSES $254,387

Year-over-Year Comparison

	2024	2023	Change
Revenue	$202,093	$264,379	-0.2%
Expenses	$254,387	$272,794	-0.1%
Net Income	$-52,294	$-8,415	+5.2%

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

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
STEVEN D WALDMAN	President	5.00	Officer Director	$0	$0	$0
KATHY WALDMAN	Treasurer	20.00	Officer Director	$0	$0	$0
PATRICK INMAN	Secretary	10.00	Officer Director	$0	$0	$0
KEN CANDIDO	COURSE ADVISOR	1.00	Director	$0	$0	$0
MATT KEITH	Vice President	1.00	Officer 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	$202,093	$254,387	$747,578	$-52,294
2023	$264,379	$272,794	$795,645	$-8,415
2022	$144,868	$159,926	$830,348	$-15,058
2021	$133,639	$188,082	$828,150	$-54,443
2020	$125,558	$69,906	$917,305	$55,652
2019	$263,232	$182,855	$874,845	$80,377
2018	$217,898	$283,390	$781,893	$-65,492

SOCIETY FOR PAIN PRACTICE MANAGEMENT