PATIENTRIGHTSADVOCATEORG INC

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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

2017

Legal Domicile

Principal Officer

LINDA BENT

Phone

6176583116

Tax Period

2023-01-01 to 2023-12-31

PATIENTRIGHTSADVOCATEORG INC, founded in 2017, is a community nonprofit in the Health Care sector that reported $1.9M in total revenue in fiscal year 2023. Revenue fell 90% from the prior year — a significant decline worth monitoring. Expenses of $13.9M exceeded revenue, resulting in a 640% operating deficit.

Mission

CONDUCT RESEARCH AND ADVOCACY IN SUPPORT OF SYSTEMWIDE PRICE TRANSPARENCY IN HEALTHCARE TO LOWER COSTS FOR ALL AMERICANS

Program Service Accomplishments

Program 1

Expenses: $13,852,740

CONDUCT RESEARCH ON THE COMPLIANCE OF HOSPITALS, INSURANCE COMPANIES, AND ALL HEALTHCARE PROVIDERS WITH FEDERAL PRICE TRANSPARENCY REGULATIONS; ADVOCATE ON BEHALF OF CONSUMERS, BUSINESSES AND...

CONDUCT RESEARCH ON THE COMPLIANCE OF HOSPITALS, INSURANCE COMPANIES, AND ALL HEALTHCARE PROVIDERS WITH FEDERAL PRICE TRANSPARENCY REGULATIONS; ADVOCATE ON BEHALF OF CONSUMERS, BUSINESSES AND TAXPAYERS TO LOWER THEIR COSTS THROUGH TRANSPARENCY AND COMPETITION. ASSIST PATIENTS AND BUSINESSES IN LOWERING HEALTHCARE COSTS AND FIGHTING OVERCHARGES THROUGH PRICE TRANSPARENCY. RAISE PUBLIC AWARENESS AMONG PATIENTS, EMPLOYERS, UNIONS, AND THE GOVERNMENT ABOUT THE NEED FOR PRICE TRANSPARENCY AND ACCESS TO DATA IN HEALTHCARE.

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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 $260,000

Program Service Revenue $0

Investment Income $474,973

Other Revenue $1,144,086

TOTAL REVENUE $1,879,059

Expense Breakdown

Grants Paid $2,997,500

Salaries & Benefits $290,386

Fundraising Expenses $0

Program Expenses $13,852,740

Other Expenses $10,625,681

TOTAL EXPENSES $13,913,567

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,879,059	$18,992,127	-0.9%
Expenses	$13,913,567	$16,820,884	-0.2%
Net Income	$-12,034,508	$2,171,243	-6.5%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CYNTHIA FISHER	CHAIRMAN	10.00	Officer	$0	$0	$0
LINDA BENT	BOARD MEMBER	13.00	Officer	$0	$0	$0
MARIE LAROBAREIER	EMPLOYEE	25.00	Highest	$108,006	$0	$108,006
ILARIA SANTANGELO	EMPLOYEE	25.00	Highest	$128,534	$0	$128,534

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	$1,879,059	$13,913,567	$7,030,185	$-12,034,508
2022	$18,992,127	$16,820,884	$19,033,677	$2,171,243
2021	$23,214,386	$12,746,104	$16,831,821	$10,468,282
2020	$8,588,787	$2,282,504	$6,361,249	$6,306,283
2019	$1,938,581	$1,926,656	$60,522	$11,925
2018	$340,743	$298,048	$47,871	$42,695