American Physical Therapy Associat… - 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

1981

Legal Domicile

Principal Officer

CHRISTOPHER ALBANESE

Phone

8005171167

Tax Period

2024-07-01 to 2025-06-30

American Physical Therapy Association Private Practice Section, founded in 1981, is a community nonprofit that reported $3.4M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $3.7M exceeded revenue, resulting in a 11% operating deficit.

Mission

TO FOSTER INTEREST IN AND PROVIDE FOR THE GROWTH OF PHYSICAL THERAPY IN PRACTICE SETTINGS WHICH ALLOW FOR INDEPENDENT PRACTICE OF PHYSICAL THERAPY, BUSINESS SUCCESS, AND PROVISION OF QUALITY OF CARE WHICH ALLOW FOR INDEPENDENT PRACTICE OF PHYSICAL THERAPY, BUSINESS SUCCESS, AND PROVISION OF QUALITY OF CARE.

Program Service Accomplishments

Program 1

LEGISLATIVE ADVOCACY: PROGRAM REVIEWS PROPOSED LEGISLATION AND REGULATORY ACTIVITIES AND TAKES TIMELY ACTION TO SUPPORT OR OPPOSE ISSUES THAT AFFECT THE PROFESSION.

Program 2

PUBLICATIONS: IMPACT MAGAZINE IS THE SECTION'S MAGAZINE WHICH FEATURES ISSUES THAT AFFECT PHYSICAL THERAPISTS IN A PRIVATE PRACTICE SETTING.

Program 3

EDUCATION: THE SECTION PROVIDES EDUCATION AT ITS ANNUAL CONFERENCE AND EXHIBITION, APTA CSM MEETING, PEER2PEER SUMMIT, AND THROUGH REGULAR WEBINARS. COURSES ARE TO ASSIST PRACTITIONERS WITH...

EDUCATION: THE SECTION PROVIDES EDUCATION AT ITS ANNUAL CONFERENCE AND EXHIBITION, APTA CSM MEETING, PEER2PEER SUMMIT, AND THROUGH REGULAR WEBINARS. COURSES ARE TO ASSIST PRACTITIONERS WITH LEADERSHIP DEVELOPMENT AND DAY-TO-DAY PRACTICE 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 $3,216,987

Investment Income $92,430

Other Revenue $49,157

TOTAL REVENUE $3,358,574

Expense Breakdown

Grants Paid $2,105

Salaries & Benefits $50,000

Fundraising Expenses $0

Other Expenses $3,663,152

TOTAL EXPENSES $3,715,257

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,358,574	$3,578,886	-0.1%
Expenses	$3,715,257	$3,385,089	+0.1%
Net Income	$-356,683	$193,797	-2.8%

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

100

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

$25,000

Total Directors

$50,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mike horsfield	President	9.0	Officer Director	$10,000	$0	$10,000
ROBERT WORTH	VICE PRESIDENT	7.0	Officer Director	$5,000	$0	$5,000
MICHELLE COLLIE	TREASURER - TERM 12/31/2024	7.0	Officer Director	$5,000	$0	$5,000
STACEY ALBERTS	SECRETARY - TERM. 12/31/2024	4.0	Officer Director	$5,000	$0	$5,000
STACI LYONS	DIRECTOR	3.0	Director	$5,000	$0	$5,000
DAVE POWERS	DIRECTOR	3.0	Director	$5,000	$0	$5,000
KELLY SANDERS	DIRECTOR	3.0	Director	$5,000	$0	$5,000
JENNIFER SCHNIEDERS	DIRECTOR	3.0	Director	$5,000	$0	$5,000
AMY SNYDER	DIRECTOR - TERM. 12/31/2024	3.0	Director	$5,000	$0	$5,000
CHRISTOPHER ALBANESE	TREASURER - EFF. 01/01/2025	7.0	Officer Director	$0	$0	$0
KATHY STENSLIE	SECRETARY - EFF. 01/01/2025	4.0	Officer Director	$0	$0	$0
BRIAN HARTZ	DIRECTOR - EFF. 01/01/2025	3.0	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
2025	$3,358,574	$3,715,257	$4,537,538	$-356,683
2024	$3,578,886	$3,385,089	$4,540,161	$193,797
2024	$3,578,886	$3,385,089	$4,540,161	$193,797
2023	$3,631,044	$3,671,018	$3,941,444	$-39,974
2022	$3,230,908	$3,812,160	$3,938,032	$-581,252
2021	$1,712,040	$2,028,790	$5,002,151	$-316,750
2020	$3,289,941	$3,583,505	$4,397,111	$-293,564
2019	$3,473,538	$3,490,555	$5,236,066	$-17,017
2018	$3,147,494	$3,355,324	$5,115,692	$-207,830

American Physical Therapy Association Private Practice Section