FOUNDATION FOR PHYSICIAN ADVANCEME… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2021

Legal Domicile

Principal Officer

BRIAN CULP

Phone

6013972244

Tax Period

2023-01-01 to 2023-12-31

FOUNDATION FOR PHYSICIAN ADVANCEMENT, founded in 2021, is a small nonprofit in the Health Care sector that reported $376K in total revenue in fiscal year 2023. Revenue surged 74% from the prior year, signaling strong growth momentum. Expenses of $357K left a modest 5% surplus.

Mission

FOUNDATION FOR PHYSICAL ADVANCEMENT FOCUSES ON BUILDING CRITICAL KNOWLEDGE AND LEADERSHIP SKILLS FOR EARLY CAREER SURGEONS TO BETTER ADVOCATE FOR THEMSELVES AND THEIR PATIENTS.

Program Service Accomplishments

Program 1

Expenses: $300,397 Revenue: $375,823

THE FOUNDATION FOR PHYSICIAN ADVANCEMENT CONDUCTED THREE (3) MEDICAL EDUCATION EVENTS ATTENDED BY 180 SURGEONS AND INDUSTRY PROFESSIONALS. THESE EVENTS PROVIDED CRITICAL PANEL DISCUSSIONS FROM...

THE FOUNDATION FOR PHYSICIAN ADVANCEMENT CONDUCTED THREE (3) MEDICAL EDUCATION EVENTS ATTENDED BY 180 SURGEONS AND INDUSTRY PROFESSIONALS. THESE EVENTS PROVIDED CRITICAL PANEL DISCUSSIONS FROM INDUSTRY PROFESSIONALS ACROSS THE US, NETWORKING OPPORTUNITIES, AND EDUCATIONAL SKILLS LABS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $375,823

Investment Income $0

Other Revenue $0

TOTAL REVENUE $375,823

Expense Breakdown

Grants Paid $0

Salaries & Benefits $92,500

Fundraising Expenses $0

Program Expenses $300,397

Other Expenses $264,452

TOTAL EXPENSES $356,952

Year-over-Year Comparison

	2023	2022	Change
Revenue	$375,823	$216,099	+0.7%
Expenses	$356,952	$157,660	+1.3%
Net Income	$18,871	$58,439	-0.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

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

$82,500

Total Directors

$92,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANTONIA CHEN	MEMBER	0.00	Director	$0	$0	$0
BRIAN CULP	COO	0.00	Officer Director	$0	$0	$0
BRYAN SPRINGER	CIO	0.00	Officer Director	$0	$0	$0
MARNEY REID	EXECUTIVE DIRECTOR	25.00	Officer Director	$82,500	$0	$82,500
MICHAEL AST	PRESIDENT	1.00	Officer Director	$0	$0	$0
MICHAEL BOLOGNESI	MEMBER	0.00	Director	$0	$0	$0
NEIL BADLANI	MEMBER	0.00	Director	$10,000	$0	$10,000
NEIL SHETH	MEMBER	0.00	Director	$0	$0	$0
RICHARD YOON	MEMBER	0.00	Director	$0	$0	$0
RYAN NUNLEY	CFO	0.00	Officer 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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$375,823	$356,952	$101,449	$18,871
2022	$216,099	$157,660	$59,424	$58,439

FOUNDATION FOR PHYSICIAN ADVANCEMENT