TEXAS PHYSICAL THERAPY ASSOCIATION INC (EIN 756034899) - 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

1930

Legal Domicile

Principal Officer

CRAIG TOUNGET

Phone

5124771818

Tax Period

2024-01-01 to 2024-12-31

TEXAS PHYSICAL THERAPY ASSOCIATION INC, founded in 1930, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2024. Expenses of $971K left a modest 5% surplus.

Mission

TO ADVANCE PHYSICAL THERAPIST PRACTICE TO OPTIMIZE MOVEMENT, HEALTH, AND WELLNESS OF PEOPLE IN TEXAS

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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 $0

Program Service Revenue $984,334

Investment Income $36,932

Other Revenue $0

TOTAL REVENUE $1,021,266

Expense Breakdown

Grants Paid $15,825

Salaries & Benefits $423,652

Fundraising Expenses $0

Other Expenses $531,249

TOTAL EXPENSES $970,726

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,021,266	$979,071	+0.0%
Expenses	$970,726	$870,307	+0.1%
Net Income	$50,540	$108,764	-0.5%

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

$153,906

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CRAIG TOUNGET	EXECUTIVE DIRECTOR	40.00	Officer	$145,906	$8,000	$153,906
MICHAEL GEELHOED	PRESIDENT	5.00	Officer Director	$0	$0	$0
DANA TEW	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
GAIL ZITTERKOPF	SPEAKER OF ASSEMBLY	5.00	Officer Director	$0	$0	$0
MEGAN FLORES	SECRETARY	5.00	Officer Director	$0	$0	$0
BARBARA GRESHAM	TREASURER	5.00	Officer Director	$0	$0	$0
SPENCER CHURCH	DISTRICT EC REPRESENTATIVE	5.00	Officer Director	$0	$0	$0
PHIL DAVIS	CAPITAL AREA DISTRICT CHAIR	5.00	Director	$0	$0	$0
JON ANDERSON	CENTRAL DISTRICT CHAIR	5.00	Director	$0	$0	$0
AMANDA LOPEZ	COASTAL BEND DISTRICT CHAIR	5.00	Director	$0	$0	$0
SHAUNDA KWIATEK	EAST TX DISTRICT CHAIR	5.00	Director	$0	$0	$0
RHONDA MANNING	GREATER EL PASO DISTRICT CHAIR	5.00	Director	$0	$0	$0
KRISTI TRAMMELL	HEART OF TEXAS DISTRICT CHAIR	5.00	Director	$0	$0	$0
CHASE RILEY	MIDWEST DISTRICT CHAIR	5.00	Director	$0	$0	$0
MATT HUEY	NORTH TX DISTRICT CHAIR	5.00	Director	$0	$0	$0
SPENCER CHURCH	PANHANDLE DISTRICT CO-CHAIR	5.00	Director	$0	$0	$0
BILL LEWIS	SOUTH PLAINS DISTRICT CHAIR	5.00	Director	$0	$0	$0
LAUREN SZOT	SOUTHEASTERN DISTRICT CHAIR	5.00	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	$1,021,266	$970,726	$1,607,689	$50,540
2023	$979,071	$870,307	$1,474,449	$108,764
2022	$900,652	$773,912	$1,268,669	$126,740
2021	$856,128	$605,049	$1,234,558	$251,079
2020	$806,326	$593,114	$1,076,947	$213,212
2019	$1,024,326	$1,032,200	$818,125	$-7,874

TEXAS PHYSICAL THERAPY ASSOCIATION INC