PIEDMONT LIABILITY TRUST (EIN 546280083) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1989

Legal Domicile

Principal Officer

BRUCE GEHLE

Phone

4342962100

Tax Period

2024-07-01 to 2025-06-30

PIEDMONT LIABILITY TRUST, founded in 1989, is a community nonprofit in the Mutual Benefit sector that reported $7.5M in total revenue in fiscal year 2017. Revenue decreased 16% compared to the prior year.

Mission

THE ORGANIZATION WAS FORMED TO ACCUMULATE AND HOLD FUNDS FOR USE IN SATISFYING MEDICAL PROFESSIONAL LIABILITY CLAIMS AGAINST (CONTINUED ON SCHEDULE O)

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $7,049,690

Investment Income $4,003,233

Other Revenue $18,780

TOTAL REVENUE $11,071,703

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,382,016

Fundraising Expenses $0

Program Expenses $4,217,266

Other Expenses $3,627,783

TOTAL EXPENSES $6,009,799

Year-over-Year Comparison

	2024	2023	Change
Revenue	$11,071,703	$11,639,538	0.0%
Expenses	$6,009,799	$4,330,011	+0.4%
Net Income	$5,061,904	$7,309,527	-0.3%

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

N/A

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

$2,643,671

Total Directors

$9,524,657

Key Employees

$272,821

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK E SHAFFREY MD	CHAIR THRU 12/3/24	2.0	Officer Director	$0	$0	$1,156,269
ABHINAV B CHHABRA MD	DIRECTOR	2.0	Director	$0	$0	$1,104,939
STEPHEN S PARK MD	DIRECTOR	2.0	Director	$0	$0	$1,071,832
JAMES M LARNER MD	DIRECTOR	2.0	Director	$0	$0	$1,042,019
J SCOTT JUST MD MBA FACEP	DIRECTOR	2.0	Director	$0	$0	$944,281
BRUCE D GEHLE JD	CEO & TRUSTEE	40.0	Officer Director Highest	$724,912	$41,873	$766,785
PAOLA A GEHRIG MD	DIRECTOR	2.0	Director	$0	$0	$665,239
PETER T HALLOWELL MD	DIRECTOR	2.0	Director	$0	$0	$624,886
MARGARET C TRACCI MD	DIRECTOR	2.0	Director	$0	$0	$553,436
RICHARD O WHITE	COO & SECRETARY	40.0	Officer Highest	$360,192	$38,024	$398,216
MITCHELL H ROSNER MD	DIRECTOR	2.0	Director	$0	$0	$324,803
CHRISTOPHER A MOSKALUK MD	CHAIR EFFECTIVE 3/4/25	2.0	Officer Director	$0	$0	$322,401
LANCE D FRASIER	VICE TREASURER & MANAGER OF FI	40.0	Highest	$279,697	$32,855	$312,552
RACHEL D G HORVATH JD	CLAIMS & LITIGATION COUNSEL	40.0	Key Emp	$241,577	$31,244	$272,821
MEGAN J BRAY MD	DIRECTOR	2.0	Director	$0	$0	$263,221
TAISON D BELL MD	DIRECTOR	2.0	Director	$0	$0	$253,337
CHRISTOPHER P HOLSTEGE MD	DIRECTOR	2.0	Director	$0	$0	$215,972
ANDREW M SOUTHERLAND MD	DIRECTOR	2.0	Director	$0	$0	$215,237
JUDY L FORTINEUX	SENIOR RISK MANAGER	40.0	Highest	$117,626	$14,514	$132,140
JAMES W HOWELL JD	DIRECTOR/VICE-CHAIR	2.0	Officer Director	$0	$0	$0
JAMES E SMITH	DIRECTOR	2.0	Director	$0	$0	$0
SCOTT A SYVERUND MD	DIRECTOR/TREASURER	2.0	Officer Director	$0	$0	$0
DONALD R MORIN	DIRECTOR THRU 12/3/24	2.0	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
2025	$11,071,703	$6,009,799	$107,835,895	$5,061,904
2024	$11,639,538	$4,330,011	$97,858,593	$7,309,527
2023	$9,937,300	$2,688,002	$84,995,109	$7,249,298
2023	$9,937,300	$2,688,002	$84,995,109	$7,249,298
2022	$9,580,879	$7,076,241	$77,604,181	$2,504,638
2021	$9,240,734	$10,140,328	$84,612,147	$-899,594
2020	$8,213,885	$7,172,580	$73,442,059	$1,041,305
2019	$7,442,836	$10,504,691	$72,086,173	$-3,061,855
2018	$7,475,530	$7,791,455	$68,376,241	$-315,925

PIEDMONT LIABILITY TRUST