PHYSICIAN ASSOCIATE FOUNDATION OF … - 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

1977

Legal Domicile

Principal Officer

JAMES BRADEN MILLWARD

Phone

7038362272

Tax Period

2024-01-01 to 2024-12-31

PHYSICIAN ASSOCIATE FOUNDATION OF THE AMERICAN ACADEMY OF PHYSICIAN ASSOCIATES, founded in 1977, is a community nonprofit in the Community Improvement sector that reported $1.1M in total revenue in fiscal year 2024. Expenses of $1.1M left a modest 6% surplus.

Mission

THE MISSION OF THE PHYSICIAN ASSOCIATE FOUNDATION (PAF) IS TO EMPOWER PAS TO IMPROVE HEALTH THROUGH PHILANTHROPY AND SERVICE.

Program Service Accomplishments

Program 1

Expenses: $460,252 Revenue: $0

GRANTS PROGRAM: GLOBAL AND DOMESTIC GRANTS PROVIDE FINANCIAL RESOURCES TO PHYSICIAN ASSOCIATES TO COORDINATE PA-LED HEALTH IMPROVEMENT PROGRAMMING IN COMMUNITIES THAT LACK ADEQUATE HEALTH CARE.

Program 2

Expenses: $220,280 Revenue: $0

SCHOLARSHIP PROGRAM - EACH YEAR, SELECTED STUDENTS FROM AROUND THE COUNTRY RECEIVE SCHOLARSHIPS FROM THE FOUNDATION IN AMOUNTS FROM $500 TO $6,000. A REVIEW COMMITTEE SELECTS RECIPIENTS BASED ON...

SCHOLARSHIP PROGRAM - EACH YEAR, SELECTED STUDENTS FROM AROUND THE COUNTRY RECEIVE SCHOLARSHIPS FROM THE FOUNDATION IN AMOUNTS FROM $500 TO $6,000. A REVIEW COMMITTEE SELECTS RECIPIENTS BASED ON FINANCIAL NEED AND ACADEMIC ACHIEVEMENT, PAST EMPLOYMENT, AND GOALS AS A PHYSICIAN ASSISTANT.

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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 $791,082

Program Service Revenue $0

Investment Income $354,293

Other Revenue $0

TOTAL REVENUE $1,145,375

Expense Breakdown

Grants Paid $181,916

Salaries & Benefits $553,598

Fundraising Expenses $135,193

Program Expenses $680,532

Other Expenses $336,666

TOTAL EXPENSES $1,072,180

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,145,375	$1,176,729	0.0%
Expenses	$1,072,180	$1,042,842	+0.0%
Net Income	$73,195	$133,887	-0.5%

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

158

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

$783,639

Total Directors

$5,840

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFFREY KATZ	PRESIDENT	2.00	Officer Director	$0	$0	$0
MICHEL STATLER	PRESIDENT-ELECT	2.00	Officer Director	$0	$0	$0
JAMES BRADEN MILLWARD DMSC PA	PAST PRESIDENT	2.00	Officer Director	$0	$0	$0
JAMES E DELANEY PA-C	IMMEDIATE PAST PRESIDENT	2.00	Officer Director	$0	$0	$0
ZACHARY HARTSELL	SECRETARY-TREASURER	2.00	Officer Director	$0	$0	$0
LAUREN G DOBBS MMS PA-C	TREASURER	2.00	Officer Director	$0	$0	$0
COURTNEY PETERS	TRUSTEE	2.00	Director	$0	$0	$0
KYLE FORTMAN	TRUSTEE	2.00	Director	$0	$0	$0
JENNIFER SNYDER	TRUSTEE	2.00	Director	$0	$0	$0
CORRI WOLF	TRUSTEE	2.00	Director	$0	$0	$0
BILLY COLLINS	TRUSTEE	2.00	Director	$0	$0	$0
KRIS PYLES-SWEET	TRUSTEE	2.00	Director	$0	$0	$5,840
COOPER COUCH PA-C	TRUSTEE	2.00	Director	$0	$0	$0
LCDR CLIFTON BUTLER MBA MPAS PA-C	TRUSTEE	2.00	Director	$0	$0	$0
ASHLEIGH KERVEL	TRUSTEE	2.00	Director	$0	$0	$0
CATHERINE R JUDD MS PA-C CAQ	TRUSTEE	2.00	Director	$0	$0	$0
CLARE DOUGHERTY	STUDENT REPRESENTATIVE	2.00	Director	$0	$0	$0
JAMEE WILLIAMS	STUDENT REPRESENTATIVE	2.00	Director	$0	$0	$0
LISA GABLES	CEO, AAPA	5.00	Officer	$0	$62,535	$675,104
AGNES COMPAGNONE	EXECUTIVE DIRECTOR (THRU 4/12/2024)	37.50	Officer	$98,870	$9,665	$108,535
CAROLINE PIERCE	ASSISTANT EXECUTIVE DIRECTOR	37.50	Highest	$104,145	$27,732	$131,877

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	No data	No data	No data	No data
2024	$1,145,375	$1,072,180	$4,925,406	$73,195
2023	$1,176,729	$1,042,842	$4,507,128	$133,887
2022	$1,564,563	$1,337,443	$4,737,292	$227,120
2021	$978,939	$838,145	$4,299,944	$140,794
2020	$1,219,953	$888,065	$4,091,939	$331,888
2019	$912,322	$807,086	$3,438,164	$105,236
2018	$1,044,568	$803,930	$3,019,733	$240,638

PHYSICIAN ASSOCIATE FOUNDATION OF THE AMERICAN ACADEMY OF PHYSICIAN ASSOCIATES