ASSOCIATION FOR CONVULSIVE THERAPY (EIN 521833559) - 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

1994

Legal Domicile

Principal Officer

REBECCA MORGAN MPA

Phone

3019517220

Tax Period

2024-01-01 to 2024-12-31

ASSOCIATION FOR CONVULSIVE THERAPY, founded in 1994, is a small nonprofit that reported $343K in total revenue in fiscal year 2024. Revenue surged 95% from the prior year, signaling strong growth momentum. Expenses of $310K left a modest 10% surplus.

Mission

SCIENTIFIC JOURNAL IS SENT QUARTERLY TO THE MEMBERS AND THERE IS AN ANNUAL SCIENTIFIC MEETING AND CERTIFICATE COURSE.

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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 $342,172

Program Service Revenue $0

Investment Income $468

Other Revenue $0

TOTAL REVENUE $342,640

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $257,485

Other Expenses $309,967

TOTAL EXPENSES $309,967

Year-over-Year Comparison

	2024	2023	Change
Revenue	$342,640	$175,907	+0.9%
Expenses	$309,967	$308,415	+0.0%
Net Income	$32,673	$-132,508	-1.2%

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

N/A

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
SOHAG SANGHANI MD	SECRETARY	3.00	Officer	$0	$0	$0
DANIEL MAIXNER MD	PRESIDENT	2.00	Officer	$0	$0	$0
IRVING RETI MBBS	VICE-PRESIDENT	3.00	Officer	$0	$0	$0
REBECCA MORGAN MPA	EXECUTIVE DIRECTOR	1.00	Officer	$0	$0	$0
PHERN CHERN TOR MD	TREASURER	2.00	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
2024	$342,640	$309,967	$514,130	$32,673
2023	$175,907	$308,415	$481,457	$-132,508
2022	$255,905	$169,854	$613,965	$86,051
2021	$276,346	$132,418	$527,914	$143,928
2020	$133,258	$93,364	$383,986	$39,894
2019	$232,252	$217,766	$344,092	$14,486
2018	$202,961	$147,690	$329,606	$55,271

ASSOCIATION FOR CONVULSIVE THERAPY