ACADEMY OF ACUTE CARE PHYSICAL THERAPY INC (EIN 582004214) - Form 990 Financial Analysis & Trantor Score

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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

1992

Legal Domicile

Principal Officer

TRACI NORRIS

Phone

4127271736

Tax Period

2024-01-01 to 2024-12-31

ACADEMY OF ACUTE CARE PHYSICAL THERAPY INC, founded in 1992, is a small nonprofit that reported $370K in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $347K left a modest 6% surplus.

Mission

FOSTER EXCELLENCE IN ACUTE CARE PRACTICE, IN ALL SETTINGS, IN ORDER TO ENHANCE THE HEALTH AND FUNCTIONING OF PHYSICAL THERAPISTS AND CLIENTS.

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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 $24,000

Program Service Revenue $299,395

Investment Income $22,546

Other Revenue $24,255

TOTAL REVENUE $370,196

Expense Breakdown

Grants Paid $68,964

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $278,297

TOTAL EXPENSES $347,261

Year-over-Year Comparison

	2024	2023	Change
Revenue	$370,196	$323,648	+0.1%
Expenses	$347,261	$354,393	0.0%
Net Income	$22,935	$-30,745	-1.7%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LEONARD ARGUELLES	TRUSTEE (ENTER 02/2024)	1.00	Director	$0	$0	$0
CARRIE FULLER	TRUSTEE	1.00	Director	$0	$0	$0
MOLLY HICKEY	TRUSTEE	1.00	Director	$0	$0	$0
KIM LEVENHAGEN	TRSUTEE	1.00	Director	$0	$0	$0
MORGAN LOPKER	TRUSTEE	1.00	Director	$0	$0	$0
ASHLEY PARISH	TRUSTEE	1.00	Director	$0	$0	$0
JIM SMITH	TRUSTEE	1.00	Director	$0	$0	$0
ERIN THOMAS	SECRETARY	2.00	Officer Director	$0	$0	$0
BINI THOMAS	TREASURER	4.00	Officer Director	$0	$0	$0
JENNIFER RYAN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
TRACI NORRIS	PRESIDENT	5.00	Officer Director	$0	$0	$0
MARGARET PEARL	EXECUTIVE DIRECTOR	20.00	Officer	$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
2024	$370,196	$347,261	$1,181,255	$22,935
2023	$323,648	$354,393	$1,061,379	$-30,745
2022	$210,355	$322,106	$977,810	$-111,751
2021	$273,676	$201,913	$1,217,454	$71,763
2020	$365,266	$265,474	$1,071,878	$99,792
2019	$320,321	$286,444	$913,166	$33,877
2018	$381,763	$288,911	$800,226	$92,852

ACADEMY OF ACUTE CARE PHYSICAL THERAPY INC