FLORIDA SOCIETY OF RHEUMATOLOGYINC (EIN 592106715) - 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

1980

Legal Domicile

Principal Officer

FRASER COBBE

Phone

8132157140

Tax Period

2023-01-01 to 2023-12-31

FLORIDA SOCIETY OF RHEUMATOLOGYINC, founded in 1980, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2023. Revenue surged 35% from the prior year, signaling strong growth momentum.

Mission

THIS SOCIETY SHALL REPRESENT THE PHYSICIANS PRACTICING RHEUMATOLOGY IN THE STATE OF FLORIDA AND WILL FURTHER THE GOALS OF THE AMERICAN COLLEGE OF RHEUMATOLOGY AND PROVIDE CONTINUING EDUCATION TO MEDICAL PROFESSIONALS.

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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 $0

Program Service Revenue $1,003,693

Investment Income $14,200

Other Revenue $0

TOTAL REVENUE $1,017,893

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $957,125

Other Expenses $1,009,350

TOTAL EXPENSES $1,009,350

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,017,893	$754,783	+0.3%
Expenses	$1,009,350	$775,128	+0.3%
Net Income	$8,543	$-20,345	-1.4%

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
CATHERINE KOWAL MC	SEC/TREAS	N/A	Officer Director	$0	$0	$0
KOREY ULLRICH MD	MEMBER AT LA	N/A	Director	$0	$0	$0
MANISH RELAN MD	PRESIDENT EL	N/A	Officer Director	$0	$0	$0
OLGA KROMO MD	IMM PAST PRE	N/A	Officer Director	$0	$0	$0
PRIYA REDDY MD	PRESIDENT	N/A	Officer Director	$0	$0	$0
FRASER COBBE	EXECUTIVE DI	N/A	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	No data	No data	No data	No data
2023	$1,017,893	$1,009,350	$1,715,403	$8,543
2022	$754,783	$775,128	$1,689,847	$-20,345
2021	$749,863	$1,173,505	$1,708,482	$-423,642
2020	$740,206	$749,733	$2,288,282	$-9,527
2019	$953,376	$726,877	$2,147,809	$226,499
2018	$869,902	$582,333	$1,932,313	$287,569
2018	$852,046	$616,900	$1,865,663	$235,146
2017	$712,720	$487,752	$1,645,212	$224,968

FLORIDA SOCIETY OF RHEUMATOLOGYINC