FEDERATION OF STATE BOARDS OF PHYSICAL THERAPY

EIN: 630946217

ALEXANDRIA, VA

Total Revenue
$23,356,359
Total Expenses
$25,047,654
Total Assets
$62,073,993
Net Assets
$46,433,075
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1987
Legal Domicile
DE
Principal Officer
LINDA MICHELSEN
Phone
7032993100
Tax Period
2023-01-01 to 2023-12-31

FEDERATION OF STATE BOARDS OF PHYSICAL THERAPY, founded in 1987, is a mid-sized nonprofit that reported $23.4M in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion.

Mission

OUR MISSION: TO PROTECT THE PUBLIC BY PROVIDING SERVICE AND LEADERSHIP THAT PROMOTE SAFE AND COMPETENT PHYSICAL THERAPY PRACTICE.OUR VISION: TO ACHIEVE A HIGH LEVEL OF PUBLIC PROTECTION THROUGH A STRONG FOUNDATION OF LAWS AND REGULATORY STANDARDS IN (SEE SCH O) PHYSICAL THERAPY BY USE OF EFFECTIVE TOOLS AND SYSTEMS TO ASSESS ENTRY-LEVEL AND CONTINUING COMPETENCE, AND PUBLIC AND PROFESSIONAL AWARENESS OF RESOURCES FOR PUBLIC PROTECTION.

Program Service Accomplishments

Program 1
Revenue: $20,059,564

THE FEDERATION DEVELOPS AND ADMINISTERS EXAMS USED BY JURISDICTION LICENSING AUTHORITIES FOR PHYSICAL THERAPISTS AND PHYSICAL THERAPIST ASSISTANTS. IN 2023, APPROXIMATELY 26,000 LICENSURE EXAMS AND...

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THE FEDERATION DEVELOPS AND ADMINISTERS EXAMS USED BY JURISDICTION LICENSING AUTHORITIES FOR PHYSICAL THERAPISTS AND PHYSICAL THERAPIST ASSISTANTS. IN 2023, APPROXIMATELY 26,000 LICENSURE EXAMS AND 28,000 PRACTICE EXAMS WERE PROVIDED TO CANDIDATES.

Program 2

THE FEDERATION MAINTAINS A DATABASE OF DISCIPLINARY ACTIONS TAKEN BY JURISDICTION LICENSING AUTHORITIES WITH RESPECT TO PHYSICAL THERAPISTS AND PHYSICAL THERAPIST ASSISTANTS. SUCH INFORMATION IS...

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THE FEDERATION MAINTAINS A DATABASE OF DISCIPLINARY ACTIONS TAKEN BY JURISDICTION LICENSING AUTHORITIES WITH RESPECT TO PHYSICAL THERAPISTS AND PHYSICAL THERAPIST ASSISTANTS. SUCH INFORMATION IS PROVIDED TO JURISDICTION LICENSING AUTHORITIES WHO CURRENTLY LICENSE OR ARECONSIDERING LICENSURE OF A CANDIDATE. THIS EXPENSE CATEGORY ALSO INCLUDES INFORMATION SERVICES SUPPORT FOR OTHER PROGRAM AREAS, SUCH AS EXAM ADMINISTRATION, JURISPRUDENCE, AND CONTINUING COMPETENCE.

Program 3

THE FEDERATION ADMINISTERS JURISPRUDENCE EXAMS ON BEHALF OF ITS MEMBERS. THESE EXAMS ARE REQUIRED BY THE JURISDICTION LICENSING AUTHORITIES. IN 2023, APPROXIMATELY 46,000 JURISPRUDENCE EXAMS WERE...

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THE FEDERATION ADMINISTERS JURISPRUDENCE EXAMS ON BEHALF OF ITS MEMBERS. THESE EXAMS ARE REQUIRED BY THE JURISDICTION LICENSING AUTHORITIES. IN 2023, APPROXIMATELY 46,000 JURISPRUDENCE EXAMS WERE PROVIDED TO CANDIDATES.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $20,059,564
Investment Income $2,597,075
Other Revenue $699,720
TOTAL REVENUE $23,356,359

Expense Breakdown

Grants Paid $10,745,497
Salaries & Benefits $8,566,956
Fundraising Expenses $0
Other Expenses $5,735,201
TOTAL EXPENSES $25,047,654

Year-over-Year Comparison

2023 2022 Change
Revenue $23,356,359 $20,045,690 +0.2%
Expenses $25,047,654 $14,543,816 +0.7%
Net Income $-1,691,295 $5,501,874 -1.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
8
Independent Members
8
Employees
55
Volunteers
322

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
6
$1,794,365
Total Directors
10
$72,000
Key Employees
2
$1,016,492
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID RELLING PRESIDENT 10.00
Officer Director
$16,000 $0 $16,000
MICHELE THORMAN VICE PRESIDENT 5.00
Officer Director
$8,000 $0 $8,000
RUGGIERO CANIZARES TREASURER 5.00
Officer Director
$8,000 $0 $8,000
CINDY POTTER SECRETARY 5.00
Officer Director
$8,000 $0 $8,000
ELLEN KROOG DONALD DIRECTOR 5.00
Director
$8,000 $0 $8,000
JONI KALIS DIRECTOR 5.00
Director
$6,667 $0 $6,667
ADRIENNE PRICE DIRECTOR 5.00
Director
$6,667 $0 $6,667
CHARLES REITER PUBLIC MEMBER 5.00
Director
$8,000 $0 $8,000
MICHELLE SIGMUND-GAINES DIRECTOR 5.00
Director
$1,333 $0 $1,333
STEVEN J SCHERGER DIRECTOR 5.00
Director
$1,333 $0 $1,333
WILLIAM HATHERHILL CEO 40.00
Officer
$1,073,626 $249,211 $1,322,837
LINDA MICHELSEN CFO 40.00
Officer
$316,880 $114,648 $431,528
SUSAN NEWMAN COO/CIO 40.00
Key Emp
$530,416 $109,143 $639,559
RICHARD WOOLF CHIEF PROFESSIONAL OFFICER 40.00
Key Emp
$254,579 $122,354 $376,933
LORIN MEULLER MANAGING DIR-ASSESSMENT 40.00
Highest
$264,705 $120,912 $385,617
CHRISTINE SOUSA MANAGING DIR-EXAM SVCS 40.00
Highest
$228,518 $42,833 $271,351
BRANDON ROGERS ASST DIR-INFO SYSTEMS 40.00
Highest
$196,948 $39,410 $236,358
RUDOLPH FRANK SCHNEIDER MANAGING DIR-INFO SYSTEMS 40.00
Highest
$226,874 $31,437 $258,311
JEFFREY ROSA MANAGING DIRECTOR 40.00
Highest
$178,382 $40,211 $218,593
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 $23,356,359 $25,047,654 $62,073,993 $-1,691,295
2022 $20,045,690 $14,543,816 $45,620,880 $5,501,874
2021 $19,831,466 $22,776,728 $48,400,923 $-2,945,262
2020 $18,300,136 $21,207,417 $48,457,777 $-2,907,281
2019 $19,391,355 $19,397,128 $41,601,238 $-5,773
2018 $18,969,765 $15,741,663 $39,731,162 $3,228,102
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