FLORIDA PHYSICAL THERAPY ASSOCIATION INC (EIN 596135438) - 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

1950

Legal Domicile

Principal Officer

MICHELLE HIGDON

Phone

8502221243

Tax Period

2023-01-01 to 2023-12-31

FLORIDA PHYSICAL THERAPY ASSOCIATION INC, founded in 1950, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2023. Expenses of $1.5M exceeded revenue, resulting in a 17% operating deficit.

Mission

THE FLORIDA PHYSICAL THERAPY ASSOCIATION'S MISSION IS TO PROMOTE THE COMMON GOOD AND WELFARE OF ALL CITIZENS IN THE STATE OF FLORIDA, TO PROMOTE THE ART AND SCIENCE OF MEDICINE THROUGH THE UNDERSTANDING AND UTILIZATION OF THE FUNCTIONS AND PROCEDURES OF PHYSICAL THERAPY IN THE PREVENTION, TREATMENT AND ALLEVIATION OF HUMAN AILMENTS, TO MEET THE PHYSICAL THERAPY NEEDS AND INTEREST OF ITS MEMBERS, TO DEVELOP AND IMPROVE THE ART AND SCIENCE OF PHYSICAL THERAPY PRACTICES, AND TO EDUCATE THE PUBLIC AND ITS MEMBERS OF PHYSICAL THERAPY RESEARCH.

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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 $667

Program Service Revenue $1,243,386

Investment Income $10,889

Other Revenue $21,605

TOTAL REVENUE $1,276,547

Expense Breakdown

Grants Paid $36,538

Salaries & Benefits $682,578

Fundraising Expenses $0

Other Expenses $773,483

TOTAL EXPENSES $1,492,599

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,276,547	$1,212,015	+0.1%
Expenses	$1,492,599	$1,350,983	+0.1%
Net Income	$-216,052	$-138,968	+0.6%

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

168

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

$196,253

Total Directors

$10,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TAD FISHER	EXECUTIVE DI	40.00	Officer	$168,877	$17,376	$186,253
MICHELLE HIGDON	EXECUTIVE DI	40.00	Highest	$147,689	$37,686	$185,375
THOMAS EBERLE	PRESIDENT	1.00	Officer Director	$7,500	$0	$7,500
LEISELLE PILGRIM	VICE PRESIDE	1.00	Officer Director	$2,500	$0	$2,500
CONNIE ARANDA	DIRECTOR	1.00	Director	$0	$0	$0
JOHNATHAN BRAY	DIRECTOR	1.00	Director	$0	$0	$0
DAN CURTIS	DIRECTOR	1.00	Director	$0	$0	$0
RICK DOUGLASS	DIRECTOR	1.00	Director	$0	$0	$0
ARIE VAN DUIJN	DIRECTOR	1.00	Director	$0	$0	$0
LORI GUSMAN	TREASURER	1.00	Officer Director	$0	$0	$0
DANIEL KIPP	DIRECTOR	1.00	Director	$0	$0	$0
KATHY KOUNNAS	DIRECTOR	1.00	Director	$0	$0	$0
JOSHUA LEWIS	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN MACPHERSON	DIRECTOR	1.00	Director	$0	$0	$0
DEBI REESE	DIRECTOR	1.00	Director	$0	$0	$0
ZAHILLY SALINAS	SECRETARY	1.00	Officer Director	$0	$0	$0
ASHLEY SAMUEL	DIRECTOR	1.00	Director	$0	$0	$0
PAULA SHULTHIESS	DIRECTOR	1.00	Director	$0	$0	$0
KATHY SWANICK	DIRECTOR	1.00	Director	$0	$0	$0
AMANDA WILLIAMSON	DIRECTOR	1.00	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
2024	No data	No data	No data	No data
2023	$1,276,547	$1,492,599	$2,330,706	$-216,052
2022	$1,212,015	$1,350,983	$2,271,527	$-138,968
2021	$1,527,205	$1,144,563	$2,731,517	$382,642
2020	$1,113,414	$1,061,128	$2,336,245	$52,286
2019	$1,398,407	$1,387,170	$1,991,341	$11,237
2018	$1,304,725	$1,557,333	$1,875,843	$-252,608

FLORIDA PHYSICAL THERAPY ASSOCIATION INC