PHYSICIANS ADVOCACY INSTITUTE INC

EIN: 571230153 Community Improvement

AUSTIN, TX

Total Revenue
$1,335,676
Total Expenses
$1,791,464
Total Assets
$8,588,369
Net Assets
$8,551,638
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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
2006
Legal Domicile
TX
Principal Officer
DUSTIN CORCORAN
Phone
3125437955
Tax Period
2023-01-01 to 2023-12-31

PHYSICIANS ADVOCACY INSTITUTE INC, founded in 2006, is a community nonprofit in the Community Improvement sector that reported $1.3M in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $1.8M exceeded revenue, resulting in a 34% operating deficit.

Mission

PAI WAS CREATED TO MONITOR COMPLIANCE WITH THE FEDERALLY-MANDATED SETTLEMENTS REACHED WITH NATIONAL FOR-PROFIT HEALTH INSURERS AND TO DEVELOP PROJECTS AND TOOLS FOR THE FUTURE THAT GUARANTEE THE VIABILITY OF PHYSICIANS' MEDICAL PRACTICES AND THE ABILITY OF PHYSICIANS TO DELIVER QUALITY PATIENT CARE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $1,335,676
Other Revenue $0
TOTAL REVENUE $1,335,676

Expense Breakdown

Grants Paid $0
Salaries & Benefits $488,062
Fundraising Expenses $0
Other Expenses $1,303,402
TOTAL EXPENSES $1,791,464

Year-over-Year Comparison

2023 2022 Change
Revenue $1,335,676 $1,094,731 +0.2%
Expenses $1,791,464 $1,720,130 +0.0%
Net Income $-455,788 $-625,399 -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

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Governance

Voting Members
10
Independent Members
10
Employees
1
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
5
$441,977
Total Directors
11
$58,500
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DUSTIN CORCORAN PRESIDENT 1.00
Officer Director
$12,000 $0 $12,000
PHILIP SCHUH DIRECTOR 1.00
Director
$4,500 $0 $4,500
CHARLES B SHANE DIRECTOR 1.00
Director
$4,000 $0 $4,000
MICHAEL J DARROUZET VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
RICHELE TAYLOR SECRETARY 1.00
Officer Director
$8,000 $0 $8,000
HURSHELL E BAGGETT JR TREASURER 1.00
Officer Director
$8,000 $0 $8,000
RUSS MILLER DIRECTOR 1.00
Director
$6,000 $0 $6,000
AMY REYNOLDSON DIRECTOR 1.00
Director
$8,000 $0 $8,000
JEREMY BONFINI DIRECTOR 1.00
Director
$8,000 $0 $8,000
LAYNE GAKOS DIRECTOR 1.00
Director
$0 $0 $0
TROY OESCHNER DIRECTOR 1.00
Director
$0 $0 $0
KELLY KENNEY EXECUTIVE DIRECTOR 40.00
Officer
$377,706 $36,271 $413,977
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 $1,335,676 $1,791,464 $8,588,369 $-455,788
2022 $1,094,731 $1,720,130 $9,122,082 $-625,399
2021 $773,432 $1,726,653 $12,699,197 $-953,221
2020 $255,325 $1,590,769 $12,446,797 $-1,335,444
2019 $594,445 $1,604,957 $12,622,906 $-1,010,512
2018 $732,070 $1,521,216 $12,030,252 $-789,146
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