FEDERATION OF STATE PHYSICIAN HEALTH PROGRAMS INC

EIN: 541561851 501(c)(3) Health Care

WILMINGTON, MA

Total Revenue
$667,638
Total Expenses
$775,040
Total Assets
$716,239
Net Assets
$523,483
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1990
Legal Domicile
VA
Principal Officer
MICHAEL BARON MD MPH
Phone
9783470600
Tax Period
2024-07-01 to 2025-06-30

FEDERATION OF STATE PHYSICIAN HEALTH PROGRAMS INC, founded in 1990, is a small nonprofit in the Health Care sector that reported $668K in total revenue in fiscal year 2024. Expenses of $775K exceeded revenue, resulting in a 16% operating deficit.

Mission

THE ORGANIZATION'S PURPOSE IS TO PROVIDE A FORUM FOR STATE PROGRAMS TO SHARE INFORMATION THROUGH SEMINARS, CONFERENCES, AND WORKSHOPS, TO DEVELOP COMMON OBJECTIVES AND GOALS AMONG STATE HEALTH PROGRAMS, AND TO DEVELOP STANDARDS AS WELL AS TO ASSIST IN THE FORMATION OF NEW PROGRAMS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $288,574
Program Service Revenue $352,847
Investment Income $26,217
Other Revenue $0
TOTAL REVENUE $667,638

Expense Breakdown

Grants Paid $0
Salaries & Benefits $286,435
Fundraising Expenses $60,430
Program Expenses $554,662
Other Expenses $488,605
TOTAL EXPENSES $775,040

Year-over-Year Comparison

2024 2023 Change
Revenue $667,638 $665,050 +0.0%
Expenses $775,040 $721,611 +0.1%
Net Income $-107,402 $-56,561 +0.9%
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

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Liquidity & Cash Position

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Governance

Voting Members
14
Independent Members
14
Employees
2
Volunteers
40

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
4
$194,817
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MOLLY ROSSIGNOL MD DIRECTOR 1.00
Director
$0 $0 $0
HEATHER WILSON MSWCFRE SECRETARY 3.00
Officer Director
$0 $0 $0
KELLY LONG MBA TREASURER 3.00
Officer Director
$0 $0 $0
SCOTT HAMBLETON MD IMMEDIATE PAST PRESIDENT 3.00
Director
$0 $0 $0
PAUL EARLEY MD DIRECTOR 1.00
Director
$0 $0 $0
BRADLEY HALL MD DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL BARON MD PRESIDENT 10.00
Officer Director
$0 $0 $0
DORIS GUNDERSEN MD DIRECTOR 1.00
Director
$0 $0 $0
EDWIN KIM MD PRESIDENT - ELECT 1.00
Director
$0 $0 $0
ART STEWART HENGERER DIRECTOR 1.00
Director
$0 $0 $0
KAY O'SHEA CADC MAC DIRECTOR 1.00
Director
$0 $0 $0
LAURA MOSS MD DIRECTOR 1.00
Director
$0 $0 $0
MARK ALBANESE MD DIRECTOR 1.00
Director
$0 $0 $0
RICHARD WHITNEY MD DIRECTOR 1.00
Director
$0 $0 $0
LINDA BRESNAHAN CEO 40.00
Officer
$193,742 $1,075 $194,817
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 $667,638 $775,040 $716,239 $-107,402
2024 $665,050 $721,611 $740,609 $-56,561
2023 $595,895 $577,023 $813,153 $18,872
2022 $459,760 $519,989 $773,221 $-60,229
2020 $328,762 $307,498 $671,629 $21,264
2019 $496,517 $407,277 $599,851 $89,240
2018 $402,707 $353,242 $507,373 $49,465
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