WASHINGTON STATE PODIATRIC MEDICAL… - 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

1915

Legal Domicile

Principal Officer

LYNN KOVACEVICH RENNE DPM

Phone

2067781348

Tax Period

2023-06-01 to 2024-05-31

WASHINGTON STATE PODIATRIC MEDICAL ASSN, founded in 1915, is a small nonprofit that reported $161K in total revenue in fiscal year 2023. Revenue surged 53% from the prior year, signaling strong growth momentum. Expenses of $181K exceeded revenue, resulting in a 12% operating deficit.

Mission

TO SERVE AND PROMOTE THE PROFESSION OF PODIATRIC MEDICINE AND SURGERY - AND TO PROVIDE MEMBERS WITH SUPPORT AND BENEFITS, INCLUDING CONTINUING EDUCATION.

Program Service Accomplishments

Program 1

ASSOCIATION ANNUAL BUSINESS MEETING AND SCIENTIFIC SEMINAR FOR MEMBERS. THIS ANNUAL MEETING INCLUDES CONTINUING EDUCATION SESSIONS AS WELL AS THE ORGANIZATION'S ANNUAL BUSINESS MEETING. THESE...

ASSOCIATION ANNUAL BUSINESS MEETING AND SCIENTIFIC SEMINAR FOR MEMBERS. THIS ANNUAL MEETING INCLUDES CONTINUING EDUCATION SESSIONS AS WELL AS THE ORGANIZATION'S ANNUAL BUSINESS MEETING. THESE MEETINGS ARE USUALLY ATTENDED BY 150-175 PODIATRIC PHYSICIANS.

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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 $75,230

Program Service Revenue $85,346

Investment Income $101

Other Revenue $0

TOTAL REVENUE $160,677

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $111,980

Other Expenses $180,668

TOTAL EXPENSES $180,668

Year-over-Year Comparison

	2023	2022	Change
Revenue	$160,677	$105,325	+0.5%
Expenses	$180,668	$142,842	+0.3%
Net Income	$-19,991	$-37,517	-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

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
BRENT CLARK DPM	President	3.00	Officer Director	$0	$0	$0
ELLEN WENZEL DPM	Past President	1.00	Officer Director	$0	$0	$0
JOSEPH HALL DPM	President-Elect	1.00	Officer Director	$0	$0	$0
JEFFREY PENTEK DPM	Secretary/Treas	1.00	Officer Director	$0	$0	$0
JEFF LeCHEMINANT DPM	Director	1.00	Director	$0	$0	$0
TIMOTHY GRACE DPM	Director	1.00	Director	$0	$0	$0
PETER LALLAS DPM	Director	1.00	Director	$0	$0	$0
ERIC POWELL DPM	Director	1.00	Director	$0	$0	$0
JEROD STANLEY DPM	Director	1.00	Director	$0	$0	$0
NATHAN LARSON DPM	Director	1.00	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	$160,677	$180,668	$117,873	$-19,991
2023	$105,325	$142,842	$133,774	$-37,517
2022	$231,554	$224,739	$202,251	$6,815
2021	$127,635	$141,923	$192,137	$-14,288
2020	$102,562	$160,375	$181,565	$-57,813
2019	$287,416	$269,927	$239,620	$17,489

WASHINGTON STATE PODIATRIC MEDICAL ASSN