TENNESSEE ACADEMY OF PHYSICIAN ASSOCIATES (EIN 621218474) - 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

1975

Legal Domicile

Principal Officer

KATHERINE MOFFAT

Phone

6154630026

Tax Period

2024-01-01 to 2024-12-31

TENNESSEE ACADEMY OF PHYSICIAN ASSOCIATES, founded in 1975, is a small nonprofit in the Education sector that reported $304K in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. Expenses of $336K exceeded revenue, resulting in a 11% operating deficit.

Mission

THE ORGANIZATIONS MISSION IS TO PROMOTE AND REPRESENT THE INTERESTS OF ALL PHYSICIAN ASSISTANTS IN TENNESSEE.

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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 $8,000

Program Service Revenue $274,072

Investment Income $16,175

Other Revenue $5,521

TOTAL REVENUE $303,768

Expense Breakdown

Grants Paid $0

Salaries & Benefits $190,903

Fundraising Expenses $0

Other Expenses $144,997

TOTAL EXPENSES $335,900

Year-over-Year Comparison

	2024	2023	Change
Revenue	$303,768	$355,446	-0.1%
Expenses	$335,900	$372,700	-0.1%
Net Income	$-32,132	$-17,254	+0.9%

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

$124,869

Total Directors

$124,869

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHERINE MOFFAT	EXECUTIVE DIRECTOR	40.00	Officer Director	$124,869	$0	$124,869
JENNIFER LIGHT	AT LARGE DIRECTOR	1.00	Director	$0	$0	$0
THOMAS ALLEVA	REGIONAL DIRECTOR	1.00	Director	$0	$0	$0
SARAH MURAWSKI	REGIONAL DIRECTOR	1.00	Director	$0	$0	$0
SHANE SMITH	REGIONAL DIRECTOR	1.00	Director	$0	$0	$0
KRISTY ENGELHAUPT	REGIONAL DIRECTOR	1.00	Director	$0	$0	$0
MALLORY TATUM	REGIONAL DIRECTOR	1.00	Director	$0	$0	$0
ADAM THORNTON	AT LARGE DIRECTOR	1.00	Director	$0	$0	$0
ANNAMARIE PUGLISE	STUDENT DIRECTOR	2.00	Director	$0	$0	$0
MARIE PATTERSON	PRESIDENT	2.00	Officer Director	$0	$0	$0
IVEYLEE TRUMP	SECRETARY	2.00	Officer Director	$0	$0	$0
GREG CAIN	IMMEDIATE PAST PRESIDENT	2.00	Officer Director	$0	$0	$0
PATRICK BROWN	TREASURER	2.00	Officer Director	$0	$0	$0
JOHNNY PRESLEY	VICE PRESIDENT	2.00	Officer 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	$303,768	$335,900	$396,927	$-32,132
2023	$355,446	$372,700	$423,893	$-17,254
2022	$399,803	$371,693	$421,595	$28,110
2021	$375,014	$363,832	$425,881	$11,182
2020	$344,770	$343,709	$426,507	$1,061
2019	$400,499	$397,152	$399,005	$3,347
2018	$354,794	$408,036	$365,018	$-53,242

TENNESSEE ACADEMY OF PHYSICIAN ASSOCIATES