PHYSICAL MEDICINE SPECIALISTS INC (EIN 593530305) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1992

Legal Domicile

Phone

9043457600

Tax Period

2024-01-01 to 2024-12-31

PHYSICAL MEDICINE SPECIALISTS INC, founded in 1992, is a mid-sized nonprofit in the Health Care sector that reported $11.8M in total revenue in fiscal year 2024. Expenses of $15.4M exceeded revenue, resulting in a 31% operating deficit.

Mission

PHYSICIAN PRACTICES IN SUPPORT OF BROOKS REHABILITATION HOSPITAL.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $11,624,200

Investment Income $87,370

Other Revenue $77,394

TOTAL REVENUE $11,788,964

Expense Breakdown

Grants Paid $0

Salaries & Benefits $11,297,858

Fundraising Expenses $0

Program Expenses $12,953,786

Other Expenses $4,122,904

TOTAL EXPENSES $15,420,762

Year-over-Year Comparison

	2024	2023	Change
Revenue	$11,788,964	$11,232,957	+0.0%
Expenses	$15,420,762	$13,821,288	+0.1%
Net Income	$-3,631,798	$-2,588,331	+0.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

111

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

$1,522,044

Total Directors

$2,255,749

Key Employees

$1,001,237

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Douglas M Baer	Chairman / CEO	1.0	Officer Director	$0	$71,358	$902,095
J Britton Tabor	SEC. / TREAS. / CFO	1.0	Officer Director	$0	$26,188	$619,949
Eric Mann	Board Member	1.0	Director	$0	$0	$45,900
Howard C Serkin	Board Member	1.0	Director	$0	$0	$33,600
Trevor Paris MD	Vice President / Medical Director	10.0	Director	$0	$57,408	$654,205
Howard B Weiss MD	Medical Director	40.0	Key Emp	$528,257	$49,756	$578,013
Kenneth Ngo MD	Medical Director	39.0	Key Emp	$359,366	$63,858	$423,224
Brian Higdon MD	PHYSIATRIST	40.0	Highest	$332,680	$35,207	$367,887
Geneva Tonuzi MD	PHYSIATRIST	40.0	Highest	$391,763	$23,000	$414,763
Jorge Perez-Lopez MD	PHYSIATRIST	40.0	Highest	$461,892	$39,260	$501,152
Parag Shah MD	PHYSIATRIST	40.0	Highest	$317,386	$54,046	$371,432
Pierre Galea MD	PHYSIATRIST	40.0	Highest	$350,988	$29,983	$380,971

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	$11,788,964	$15,420,762	$3,511,402	$-3,631,798
2023	$11,232,957	$13,821,288	$4,007,272	$-2,588,331
2022	$8,850,359	$11,473,222	$2,164,853	$-2,622,863
2022	$8,850,359	$11,473,222	$2,164,853	$-2,622,863
2021	$8,226,231	$10,416,062	$2,007,904	$-2,189,831
2021	$8,226,231	$10,416,062	$2,007,904	$-2,189,831
2020	$7,641,138	$9,281,327	$2,312,672	$-1,640,189

PHYSICAL MEDICINE SPECIALISTS INC