FOREIGN CREDENTIALING COMMISSION ON PHYSICAL THERAPY INC

EIN: 541907410 Health Care

ALEXANDRIA, VA

Total Revenue
$3,560,002
Total Expenses
$4,863,746
Total Assets
$6,484,364
Net Assets
$5,362,926
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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
DE
Principal Officer
LINDA MICHELSEN
Phone
7032993100
Tax Period
2023-01-01 to 2023-12-31

FOREIGN CREDENTIALING COMMISSION ON PHYSICAL THERAPY INC, founded in 1998, is a community nonprofit in the Health Care sector that reported $2.2M in total revenue in fiscal year 2018. Revenue grew 16% year-over-year, indicating healthy expansion.

Mission

THE FOREIGN CREDENTIALING COMMISSION ON PHYSICAL THERAPY (FCCPT) IS A NON-PROFIT (SEE SCH O) ORGANIZATION THAT EVALUATES THE CREDENTIALS OF FOREIGN-EDUCATED PHYSICAL THERAPISTS AND PHYSICAL THERAPIST ASSISTANTS (FEPTS), AND ISSUES HEALTH CARE WORKER CERTIFICATES TO THOSE WHO WISH TO IMMIGRATE AND/OR WORK IN THE UNITED STATES.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $2,908,655
Investment Income $651,347
Other Revenue $0
TOTAL REVENUE $3,560,002

Expense Breakdown

Grants Paid $2,500,000
Salaries & Benefits $1,089,259
Fundraising Expenses $0
Other Expenses $1,274,487
TOTAL EXPENSES $4,863,746

Year-over-Year Comparison

2023 2022 Change
Revenue $3,560,002 $2,759,400 +0.3%
Expenses $4,863,746 $1,969,817 +1.5%
Net Income $-1,303,744 $789,583 -2.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
6
Independent Members
6
Employees
12
Volunteers
4

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
$1,766,365
Total Directors
6
$28,000
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BETSY BECKER CHAIRPERSON 10.00
Officer Director
$8,000 $0 $8,000
JOHN GREANY DIRECTOR 10.00
Director
$4,000 $0 $4,000
ALAN MEADE SECRETARY/TREASURER 2.00
Officer Director
$4,000 $0 $4,000
JULIA FUNAKI PUBLIC MEMBER 0.25
Director
$4,000 $0 $4,000
NIRAV SHAH DIRECTOR 0.25
Director
$4,000 $0 $4,000
MYLA QUIBEN DIRECTOR 0.25
Director
$4,000 $0 $4,000
WILLIAM HATHERHILL CEO 5.00
Officer
$0 $249,211 $1,322,837
LINDA MICHELSEN CFO 5.00
Officer
$0 $114,648 $431,528
JAIME NOLAN MANAGING DIRECTOR 40.00
Highest
$147,188 $23,941 $171,129
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 No data No data No data No data
2023 $3,560,002 $4,863,746 $6,484,364 $-1,303,744
2022 $2,759,400 $1,969,817 $7,629,761 $789,583
2021 $2,840,104 $2,207,694 $7,542,229 $632,410
2020 $2,486,507 $2,212,304 $6,129,881 $274,203
2019 $2,906,603 $2,322,892 $5,214,166 $583,711
2018 $2,235,752 $2,314,226 $4,367,247 $-78,474
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