SUNSHINE PHYSICAL THERAPY CLINIC (EIN 590806983) - 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

1960

Principal Officer

GINNY BLOSSOM

Phone

7725626877

Tax Period

2023-01-01 to 2023-12-31

SUNSHINE PHYSICAL THERAPY CLINIC, founded in 1960, is a community nonprofit that reported $1.9M in total revenue in fiscal year 2023. Revenue surged 20% from the prior year, signaling strong growth momentum. Expenses of $2.2M exceeded revenue, resulting in a 18% operating deficit.

Mission

THE ORGANIZATION'S MISSION IS TO BE THE CHOICE OF ADULTS AND CHILDREN WHO REQUIRE HIGH LEVEL THERAPEUTIC SERVICES FROM CARING AND QUALIFIED PROFESSIONALS REGARDLESS OF OUR PATIENTS' ABILITY TO PAY. THE ORGANIZATION IS DEDICATED TO PROVIDING PERSONALIZED CARE TO IMPROVE FUNCTION AND HEALTH THROUGH PHYSICAL THERAPY, OCCUPATIONAL THERAPY, MASSAGE THERAPY, SPEECH THERAPY, PERSONAL FITNESS AND COMMUNITY EDUCATION. THE ORGANIZATION'S GOAL IS TO ENHANCE THE QUALITY OF LIFE OF ALL ITS PATIENTS, AND OFFER PROFESSIONAL SERVICES BY A FRIENDLY, CARING AND WELL- QUALIFIED STAFF.

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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 (2023)

Revenue Breakdown

Contributions & Grants $530,789

Program Service Revenue $1,349,825

Investment Income $1,303

Other Revenue $2,322

TOTAL REVENUE $1,884,239

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,756,493

Fundraising Expenses $0

Program Expenses $1,619,303

Other Expenses $469,258

TOTAL EXPENSES $2,225,751

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,884,239	$1,565,601	+0.2%
Expenses	$2,225,751	$1,947,780	+0.1%
Net Income	$-341,512	$-382,179	-0.1%

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

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
GINNY BLOSSOM	EXECUTIVE DI	40.00	Officer Director	$0	$0	$0
REESE BRACKINS	TREASURER	2.00	Officer Director	$0	$0	$0
JUDY DAVIS	DIRECTOR	2.00	Director	$0	$0	$0
JOE ERIKSEN	DIRECTOR	2.00	Director	$0	$0	$0
MARY GERLICH	DIRECTOR	2.00	Director	$0	$0	$0
LYNNE GLASS	PRESIDENT	2.00	Officer Director	$0	$0	$0
VALERIE MACMILLAN	SECRETARY	2.00	Officer Director	$0	$0	$0
STEVE SADLEK	DIRECTOR	2.00	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
2023	$1,884,239	$2,225,751	$1,234,964	$-341,512
2022	$1,565,601	$1,947,780	$1,570,610	$-382,179
2022	$1,568,680	$1,928,851	$1,596,390	$-360,171
2021	$2,077,611	$1,710,827	$1,975,908	$366,784
2020	$1,598,607	$1,637,384	$1,314,344	$-38,777

SUNSHINE PHYSICAL THERAPY CLINIC