POST-ACUTE AND LONG-TERM CARE MEDICAL ASSOCIATION INC (EIN 521950426) - 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

1990

Legal Domicile

Principal Officer

MICHELLE ZINNERT CAE

Phone

4107409743

Tax Period

2024-01-01 to 2024-12-31

POST-ACUTE AND LONG-TERM CARE MEDICAL ASSOCIATION INC, founded in 1990, is a community nonprofit that reported $5.9M in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year.

Mission

TO PROMOTE AND ENHANCE THE DEVELOPMENT OF COMPETENT, COMPASSIONATE, AND COMMITTED MEDICAL PRACTITIONERS AND LEADERS TO PROVIDE GOAL-CENTERED CARE ACROSS ALL POST-ACUTE AND LONG-TERM CARE SETTINGS. DEDICATED TO DEFINING AND IMPROVING QUALITY, PALTMED ADVANCES ITS MISSION THROUGH TIMELY PROFESSIONAL DEVELOPMENT, EVIDENCE-BASED CLINICAL GUIDANCE, AND TIRELESS ADVOCACY ON BEHALF OF MEMBERS, PATIENTS, FAMILIES, AND STAFF.

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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 $1,596,663

Program Service Revenue $4,027,672

Investment Income $65,807

Other Revenue $191,244

TOTAL REVENUE $5,881,386

Expense Breakdown

Grants Paid $464,711

Salaries & Benefits $3,194,841

Fundraising Expenses $0

Other Expenses $2,349,804

TOTAL EXPENSES $6,009,356

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,881,386	$6,650,060	-0.1%
Expenses	$6,009,356	$6,584,685	-0.1%
Net Income	$-127,970	$65,375	-3.0%

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

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

$359,179

Total Directors

$54,900

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BARBARA RESNICK PHD CRNP	BOARD REP. UNTIL APRIL 2024	2.00	Director	$42,900	$0	$42,900
SUZANNE M GILLESPIE MD RD	IMM. PAST PRES. UNTIL APRIL	2.00	Officer Director	$0	$0	$0
MILTA LITTLE DO CMD PRES	UNTIL APRIL, THEN IMM. PAST PRES.	2.00	Officer Director	$0	$0	$0
RAJEEV KUMAR MD FACP CMD	PRES.-ELECT UNTIL APR., THEN PRES.	2.00	Officer Director	$0	$0	$0
SABINE VON PREYSS-FRIEDMAN MD CMD	VP UNTIL APRIL, THEN PRES. ELECT	2.00	Officer Director	$0	$0	$0
DALLAS NELSON MD FACP CMD	SECRETARY AS OF APR.	2.00	Officer Director	$0	$0	$0
LESLIE EBER MD CMD COUNCIL	SECRETARY UNTIL APRIL, THEN VP	2.00	Officer Director	$2,000	$0	$2,000
SWATI GAUR MD MBA CMD	TREASURER	2.00	Officer Director	$0	$0	$0
WAYNE S SALTSMAN MD PHD CMD	CHAIR, HOUSE OF DEL. UNTIL APR.	2.00	Director	$0	$0	$0
CARL BERGMAN MD CMD	CHAIR, HOUSE OF DEL. AS OF APR.	2.00	Director	$0	$0	$0
DIANE SANDERS-CEPEDA DO CMD	COUNCIL REP. UNTIL APR.	2.00	Director	$0	$0	$0
DANNY FELTY MD FAAFP CMD	COUNCIL REPRESENTATIVE	2.00	Director	$0	$0	$0
ALLISON VILLEGAS PA-C	BOARD REPRESENTATIVE	2.00	Director	$0	$0	$0
LEA C WATSON MD MPH LLC	HOUSE OF DEL. REPRESENTATIVE	2.00	Director	$0	$0	$0
MICHAEL WASSERMAN MD CMD	COUNCIL REPRESENTATIVE	2.00	Director	$2,000	$0	$2,000
MONICA OTT MD CMD	COUNCIL REP. AS OF APRIL	2.00	Director	$0	$0	$0
ELIZABETH GALIK PHD CRNP	HOUSE OF DEL. REP. AS OF APRIL	2.00	Director	$8,000	$0	$8,000
MICHELLE ZINNERT	EXECUTIVE DIRECTOR	34.00	Officer	$316,096	$41,083	$357,179
JEFFREY ECKERT	DIRECTOR, FINANCE & OPERATIONS	40.00	Highest	$164,891	$8,430	$173,321
ELIZABETH SOBCZYK	PROJECT DIRECTOR	40.00	Highest	$168,750	$7,775	$176,525
ALEKSANDR BARDAKH DIRECTOR	ADVOCACY & STRATEGIC PARTERSHIPS	40.00	Highest	$153,405	$8,635	$162,040
LORI M SHARP DIRECTOR	OF MEMBERSHIP & MARKETING	40.00	Highest	$144,928	$15,998	$160,926
ERIN A O'BRIEN DIRECTOR	CLINICAL AFFAIRS AND EDUCATION	40.00	Highest	$143,320	$15,697	$159,017

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	$5,881,386	$6,009,356	$2,817,248	$-127,970
2023	$6,650,060	$6,584,685	$2,835,092	$65,375
2023	$6,650,060	$6,584,685	$2,835,092	$65,375
2022	$6,022,417	$6,376,939	$2,811,306	$-354,522
2021	$4,167,777	$3,849,231	$3,545,749	$318,546
2020	$4,132,743	$3,908,221	$3,121,463	$224,522
2019	$4,504,628	$4,320,594	$2,710,003	$184,034
2018	$3,738,603	$4,014,560	$2,516,149	$-275,957

POST-ACUTE AND LONG-TERM CARE MEDICAL ASSOCIATION INC