THE FOUNDATION FOR POST-ACUTE AND … - 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

1996

Legal Domicile

Principal Officer

MICHELLE ZINNERT CAE

Phone

4109923134

Tax Period

2024-01-01 to 2024-12-31

THE FOUNDATION FOR POST-ACUTE AND LONG TERM CARE MEDICINE, founded in 1996, is a small nonprofit in the Education sector that reported $511K in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. The organization ran a surplus of $99K, a strong 19% operating margin.

Mission

TO ADVANCE EXCELLENCE AND INNOVATION IN THE LONG-TERM CARE CONTINUUM THROUGH RESEARCH AND ITS TRANSLATION INTO PRACTICE.

Program Service Accomplishments

Program 1

Expenses: $137,080

AWARDS AND GRANTS FUNDING PROJECTS - THE FOUNDATION ACCEPTS REQUESTS FOR FUNDING THAT MEET ITS MISSION AREAS OF SUPPORTING RESEARCH, CLINICAL PRACTICE TOOLS, EDUCATION AND WORKFORCE DEVELOPMENT...

AWARDS AND GRANTS FUNDING PROJECTS - THE FOUNDATION ACCEPTS REQUESTS FOR FUNDING THAT MEET ITS MISSION AREAS OF SUPPORTING RESEARCH, CLINICAL PRACTICE TOOLS, EDUCATION AND WORKFORCE DEVELOPMENT INITIATIVES. GUIDELINES FOR SUBMITTING PROPOSALS HAVE BEEN DEVELOPED AND PROCEDURES ARE IN PLACE FOR A COMMITTEE OF VOLUNTEERS TO REVIEW AND RECOMMEND FUNDING PROJECTS TO THE FOUNDATION BOARD OF DIRECTORS FOR APPROVAL.

Program 2

Expenses: $52,167

ANNUAL CONFERENCE - THE FOUNDATION PARTICIPATES IN PALTMED'S ANNUAL CONFERENCE BY PROMOTING ITS MISSION, AND IMPACT FROM THE PRIOR YEAR, WHILE RECOGNIZING EXISTING DONORS AND ENCOURAGING FUTURE DONOR ENGAGEMENT. THE FOUNDATION ALSO RECOGNIZES EXCELLENCE IN THE FIELD OF POST-ACUTE AND LONG-TERM CARE ("PALTC") THROUGH ITS ANNUAL EXCELLENCE AWARDS PROGRAM PUBLICLY RECOGNIZING THOSE WHO HAVE BEEN NOMINATED AND SELECTED FOR THE FOUR NAMED INDIVIDUAL AWARDS. THE FOUNDATION FUNDS PALTMED'S FUTURES PROGRAM, A WORKFORCE DEVELOPMENT INITIATIVE MANAGED WHICH IS AN INTENSIVE LEARNING EXPERIENCE DESIGNED TO EXPOSE RESIDENTS, FELLOWS, AND ADVANCED PRACTITIONERS TO THE CAREER OPPORTUNITIES AVAILABLE IN POST-ACUTE AND LONG-TERM CARE MEDICINE.

Program 3

Expenses: $42,600

INDUSTRY PROGRAMS - THE FOUNDATION HOSTS AN INDUSTRY ADVISORY BOARD (IAB) PROGRAM TO CONNECT CORPORATE INDUSTRY LEADERS WITH PALTC PRACTITIONERS AND MEDICAL LEADERS FOR COLLABORATIVE DISCUSSIONS FOR...

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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 $487,488

Program Service Revenue $0

Investment Income $23,646

Other Revenue $0

TOTAL REVENUE $511,134

Expense Breakdown

Grants Paid $49,626

Salaries & Benefits $195,279

Fundraising Expenses $40,000

Program Expenses $231,847

Other Expenses $167,301

TOTAL EXPENSES $412,206

Year-over-Year Comparison

	2024	2023	Change
Revenue	$511,134	$561,621	-0.1%
Expenses	$412,206	$432,957	0.0%
Net Income	$98,928	$128,664	-0.2%

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

$469,392

Total Directors

$2,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHELLE ZINNERT	EXECUTIVE DIRECTOR	4.00	Officer	$0	$41,083	$357,179
VICTORIA HANN	FOUNDATION DIRECTOR	40.00	Officer	$0	$12,767	$112,213
ARIF NAZIR	DIRECTOR AS OF MARCH	2.50	Director	$0	$0	$2,000
HEIDI WHITE MD MED MPH CMD	CHAIR	2.50	Officer Director	$0	$0	$0
CARI LEVY	CHAIR-ELECT	2.50	Officer Director	$0	$0	$0
SUSAN LEVY MD CMD	IMMEDIATE PAST CHAIR	2.50	Officer Director	$0	$0	$0
J KENNETH BRUBAKER MD CMD	TREASURER/SECRETARY	2.50	Officer Director	$0	$0	$0
BARBARA ZAROWITZ PHARMD BCGP FCCP	DIRECTOR	2.50	Director	$0	$0	$0
TOM HAITHCOAT	DIRECTOR	2.50	Director	$0	$0	$0
WAYNE SALTSMAN	DIRECTOR UNTIL MARCH	2.50	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	$511,134	$412,206	$952,435	$98,928
2023	$561,621	$432,957	$876,267	$128,664
2022	$398,968	$329,173	$744,623	$69,795
2021	$334,159	$250,165	$632,457	$83,994
2020	$286,770	$242,781	$590,997	$43,989
2019	$424,485	$409,334	$552,929	$15,151
2018	$440,053	$256,860	$450,759	$183,193

THE FOUNDATION FOR POST-ACUTE AND LONG TERM CARE MEDICINE