AKRON PHYSICIAN WELLNESS INITIATIVE

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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

2020

Legal Domicile

Principal Officer

SCOTT GONIA

Phone

3302176331

Tax Period

2024-01-01 to 2024-12-31

AKRON PHYSICIAN WELLNESS INITIATIVE, founded in 2020, is a small nonprofit in the Mental Health sector that reported $411K in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $485K exceeded revenue, resulting in a 18% operating deficit.

Mission

AKRON PHYSICIAN WELLNESS INITIATIVE ("APWI") IS AN OHIO NOT-FOR-PROFIT CORPORATION FORMED ON SEPTEMBER 10, 2020 AND HAS BEEN DETERMINED TO BE TAX-EXEMPT PURSUANT TO INTERNAL REVENUE CODE (IRC) SECTION 501(C)(3). APWI, FORMED BY TWO TAX EXEMPT CHARITABLE HEALTH SYSTEMS (CHILDREN'S HOSPITAL MEDICAL CENTER OF AKRON AND SUMMA HEALTH SYSTEM), TO PRIMARILY PROVIDE SERVICES TO THEIR PHYSICIANS, RESIDENTS, ADVANCED PRACTICE PROVIDERS, AND FELLOWS AFFILIATED WITH THOSE ORGANIZATIONS.

Program Service Accomplishments

Program 1

Expenses: $426,755 Revenue: $336,000

SPECIALIZED BEHAVIORAL HEALTH SERVICES PROVIDED TO PHYSICIANS AND PROVIDERS TO ENSURE WELLNESS AND THE ABILITY TO CONTINUE CARE FOR PATIENTS.

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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 $29,650

Program Service Revenue $336,000

Investment Income $45,237

Other Revenue $0

TOTAL REVENUE $410,887

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $757

Program Expenses $426,755

Other Expenses $485,493

TOTAL EXPENSES $485,493

Year-over-Year Comparison

	2024	2023	Change
Revenue	$410,887	$348,584	+0.2%
Expenses	$485,493	$385,866	+0.3%
Net Income	$-74,606	$-37,282	+1.0%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR JOSEPH VARLEY MD	DIRECTOR AND CHAIR	2.00	Officer Director	$0	$0	$0
DR ROBERT MCGREGOR MD	DIRECTOR AND VICE CHAIR	2.00	Officer Director	$0	$0	$0
DR TARUN BHALLA MD	DIRECTOR (JOINED MID 2024)	2.00	Director	$0	$0	$0
ANGELA BUSH	DIRECTOR	2.00	Director	$0	$0	$0
DR SUMRU BILGE JOHNSON MD	DIRECTOR	2.00	Director	$0	$0	$0
DR CYNTHIA KELLEY DO	DIRECTOR	2.00	Director	$0	$0	$0
DR JOHN POPE MD	DIRECTOR (LEFT MID 2024)	0.00	Director	$0	$0	$0
SCOTT GONIA CPA	TREASURER	2.00	Officer	$0	$0	$0
MARY BELL	SECRETARY	2.00	Officer	$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	$410,887	$485,493	$1,163,305	$-74,606
2023	$348,584	$385,866	$1,261,006	$-37,282
2022	$1,018,908	$343,620	$1,290,945	$675,288
2021	$303,044	$312,184	$610,728	$-9,140
2020	$600,000	No data	$600,000	No data