PANHANDLE AIDS SUPPORT ORGANIZATIO… - Form 990 Financial Data

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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

1987

Legal Domicile

Principal Officer

MICHAEL TIMCISKO

Phone

8063721050

Tax Period

2023-01-01 to 2023-12-31

PANHANDLE AIDS SUPPORT ORGANIZATION INC, founded in 1987, is a community nonprofit in the Diseases & Disorders sector that reported $3.6M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

PASO OFFERS EDUCATION TO THE GENERAL PUBLIC AND EMOTIONAL SUPPORT TO THOSE PERSONS INFECTED WITH HIV DISEASE IN THE 26 COUNTIES OF THE TEXAS PANHANDLE. PASO IS ALSO A FULL SERVICE COMMUNITY BASED ORGANIZATION WITH A CASE MANAGEMENT SYSTEM WHICH PROVIDES REFERRALS TO DOCTORS, DENTISTS AND OPTOMETRISTS, THERAPEUTIC COUNSELING, TRANSPORTATION, RESPITE CARE, AND SUPPORT GROUPS.

Program Service Accomplishments

Program 1

Expenses: $3,533,257 Revenue: $2,661,913

PANHANDLE AIDS SUPPORT ORGANIZATION, INC. (PASO) PROVIDES PHYSICAL, SOCIAL, ECONOMIC, AND PASTORAL SUPPORT TO THOSE PEOPLE OF THE TEXAS PANHANDLE WHO HAVE BEEN INFECTED BY HUMAN IMMUNODEFICIENCY...

PANHANDLE AIDS SUPPORT ORGANIZATION, INC. (PASO) PROVIDES PHYSICAL, SOCIAL, ECONOMIC, AND PASTORAL SUPPORT TO THOSE PEOPLE OF THE TEXAS PANHANDLE WHO HAVE BEEN INFECTED BY HUMAN IMMUNODEFICIENCY VIRUS (HIV) OR SUBSEQUENTLY HAVE CONTRACTED ACQUIRED IMMUNODEFICIENCY SYNDROME (AIDS) OR AN AIDS RELATED CONDITION (ARC) AND PROVIDES EDUCATION TO THE MEDICAL PROFESSION AND THE GENERAL COMMUNITY. AS A PARTICIPANT IN THE 340B DRUG PRICING PROGRAM,PASO RECEIVES DISCOUNTS FROM PRIVATE PHARMACEUTICAL COMPANIES. THE DISCOUNTS ARE AUTHORIZED BY THE AIDS DRUG ASSISTANCE PROGRAM ( ADAP) MANUAL SECTION 340B AS A COST SAVINGS MEASURE. PASO MAY UTILIZE THE REVENUE REALIZED FROM ITS PARTICIPATION IN THE 340B PROGRAM FOR CORE MEDICAL SERVICES, SUPPORTING SERVICES, CLINICAL QUALITY MANAGEMENT AND ADMINISTRATIVE EXPENSES (INCLUDING PLANNING AND EVALUATION) AS PART OF A COMPREHENSIVE SYSTEM OF CARE FOR LOW INCOME INDIVIDUALS LIVING WITH HIV. EXPENDITURES OF ACCUMULATED INCOME FROM THE 340B PROGRAM MUST BE ALLOWABLE WITHIN THE PROGRAM REQUIREMENTS THAT PASO FOLLOWS FOR ITS RYAN WHITE PART B SERVICES, AND CAN INCLUDE BOTH DIRECT AND INDIRECT COSTS. DURING 2022 YEAR THE ORGANIZATION PROVIDED SERVICES TO 346 INDIVIDUALS INCLUDING 245 INDIVIDUALS THROUGH ITS 340B DRUG PRICING PROGRAM.

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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 $892,264

Program Service Revenue $2,661,913

Investment Income $63,240

Other Revenue $27,800

TOTAL REVENUE $3,645,217

Expense Breakdown

Grants Paid $2,775,055

Salaries & Benefits $581,596

Fundraising Expenses $29,225

Program Expenses $3,533,257

Other Expenses $269,427

TOTAL EXPENSES $3,626,078

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,645,217	$3,272,648	+0.1%
Expenses	$3,626,078	$3,044,293	+0.2%
Net Income	$19,139	$228,355	-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

$103,011

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL TIMCISKO	EXECUTIVE DI	40.00	Officer	$89,520	$13,491	$103,011
CARL ARTHUR	PRESIDENT	2.50	Officer Director	$0	$0	$0
BONNIE BRODEUR	VICE PRESIDE	2.50	Officer Director	$0	$0	$0
DR NICHOL DOLBY	SECRETARY	2.50	Officer Director	$0	$0	$0
LACI SCOTT	TREASURER	2.50	Officer Director	$0	$0	$0
JONAS RIOS	DIRECTOR	2.50	Director	$0	$0	$0
RUTH ELLEN LYNCH	DIRECTOR	2.50	Director	$0	$0	$0
ERIC MARTINEZ	DIRECTOR	2.50	Director	$0	$0	$0
KONNI MURPHY	DIRECTOR	2.50	Director	$0	$0	$0
MARIO MIRELES	DIRECTOR	2.50	Director	$0	$0	$0
JASON SCHNEIDER	DIRECTOR	2.50	Director	$0	$0	$0
MEL SMALLEY	DIRECTOR	2.50	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
2023	$3,645,217	$3,626,078	$2,096,189	$19,139
2022	$3,272,648	$3,044,293	$2,019,219	$228,355
2021	$2,453,846	$2,197,228	$1,905,155	$256,618
2020	$2,124,395	$1,855,150	$1,636,824	$269,245
2019	$2,048,671	$1,731,006	$1,338,837	$317,665
2018	$1,755,436	$1,428,882	$1,045,795	$326,554

PANHANDLE AIDS SUPPORT ORGANIZATION INC