Civic Intelligence

American Physical Therapy Association Private Practice Section

990 • Fiscal year 2024 • EIN 52-1214965

Jul 01, 2023 to Jun 30, 2024 • Filed on Apr 15, 2025

1421 Prince Street Suite 300Alexandria, VA 22314

(800) 517-1167

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

75th percentile

0.35x

Higher debt load relative to assets than 75% of similar nonprofits.

2024 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

79th percentile

0.45x

Higher debt load relative to revenue than 79% of similar nonprofits.

2024 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2024

Net Margin

53rd percentile

5.4%

Higher net margin than 53% of similar nonprofits.

2024 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

30th percentile

$10,000

Higher top officer pay than 30% of similar nonprofits.

Top officer pay equals 0.3% of source-year revenue.

2024 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2024

Asset Growth

74th percentile

15%

Faster asset growth than 74% of similar nonprofits.

2024 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

27th percentile

-1.4%

Faster revenue growth than 27% of similar nonprofits.

2024 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$4,540,161

Up $598,717 (+15%) from 2023

Net Assets

Up

$2,930,524

Up $408,540 (+16%) from 2023

Liabilities

Up

$1,609,637

Up $190,177 (+13%) from 2023

Revenue

Down

$3,578,886

Down $52,158 (-1.4%) from 2023

Expenses

Down

$3,385,089

Down $285,929 (-7.8%) from 2023

Net Income

Up

$193,797

Up $233,771 (+585%) from 2023

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0Assets 2011: $3,091,167Liabilities 2011: $669,229Net Assets 2011: $2,421,9382011Assets 2012: $3,591,559Liabilities 2012: $768,709Net Assets 2012: $2,822,8502012Assets 2013: $4,185,596Liabilities 2013: $811,826Net Assets 2013: $3,373,7702013Assets 2014: $4,869,771Liabilities 2014: $836,184Net Assets 2014: $4,033,5872014Assets 2015: $5,111,344Liabilities 2015: $1,252,159Net Assets 2015: $3,859,1852015Assets 2016: $5,070,544Liabilities 2016: $1,245,237Net Assets 2016: $3,825,3072016Assets 2017: $4,802,926Liabilities 2017: $930,605Net Assets 2017: $3,872,3212017Assets 2018: $5,115,692Liabilities 2018: $1,422,895Net Assets 2018: $3,692,7972018Assets 2019: $5,236,066Liabilities 2019: $1,519,148Net Assets 2019: $3,716,9182019Assets 2020: $4,397,111Liabilities 2020: $1,079,231Net Assets 2020: $3,317,8802020Assets 2021: $5,002,151Liabilities 2021: $1,368,685Net Assets 2021: $3,633,4662021Assets 2022: $3,938,032Liabilities 2022: $1,428,889Net Assets 2022: $2,509,1432022Assets 2023: $3,941,444Liabilities 2023: $1,419,460Net Assets 2023: $2,521,9842023Assets 2024: $4,540,161Liabilities 2024: $1,609,637Net Assets 2024: $2,930,5242024Assets 2025: $4,537,538Liabilities 2025: $1,657,790Net Assets 2025: $2,879,7482025

Highlighted filing

2024

Assets$4,540,161
Liabilities$1,609,637
Net Assets$2,930,524

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$2.0M$0-$2.0MRevenue 2011: $2,129,454Expenses 2011: $1,726,239Net Income 2011: $403,2152011Revenue 2012: $2,450,283Expenses 2012: $2,037,415Net Income 2012: $412,8682012Expenses 2013: $2,450,4742013Revenue 2014: $2,835,102Expenses 2014: $2,463,883Net Income 2014: $371,2192014Revenue 2015: $2,909,565Expenses 2015: $3,031,890Net Income 2015: -$122,3252015Revenue 2016: $2,937,645Expenses 2016: $2,972,789Net Income 2016: -$35,1442016Revenue 2017: $3,166,456Expenses 2017: $3,347,343Net Income 2017: -$180,8872017Revenue 2018: $3,147,494Expenses 2018: $3,355,324Net Income 2018: -$207,8302018Revenue 2019: $3,473,538Expenses 2019: $3,490,555Net Income 2019: -$17,0172019Revenue 2020: $3,289,941Expenses 2020: $3,583,505Net Income 2020: -$293,5642020Revenue 2021: $1,712,040Expenses 2021: $2,028,790Net Income 2021: -$316,7502021Revenue 2022: $3,230,908Expenses 2022: $3,812,160Net Income 2022: -$581,2522022Revenue 2023: $3,631,044Expenses 2023: $3,671,018Net Income 2023: -$39,9742023Revenue 2024: $3,578,886Expenses 2024: $3,385,089Net Income 2024: $193,7972024Revenue 2025: $3,358,574Expenses 2025: $3,715,257Net Income 2025: -$356,6832025

Highlighted filing

2024

Revenue$3,578,886
Expenses$3,385,089
Net Income$193,797
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Apr 15, 2025
Return Version
2023v6.0
Gross Receipts
$3,578,886
Mission and Program Overview

Mission

To foster interest in and provide for the growth of physical therapy in practice settings which allow for independent practice of physical therapy, business success, and provision of quality of care which allow for independent practice of physical therapy, business success, and provision of quality of care.

To foster interest in and provide for the growth of physical therapy in practice settings which allow for independent practice of physical therapy, business success, and

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$3,080,796$3,460,550▲ $379,754
Savings and Temporary Cash Investments$363,820$477,559▲ $113,739
Prepaid Expenses and Deferred Charges$330,097$280,100▼ $49,997
Cash and Non-Interest-Bearing Accounts$105,822$189,470▲ $83,648
Land, Buildings, and Equipment, Net-$77,867-
Accounts Receivable$60,909$54,615▼ $6,294
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$3,941,444$4,540,161▲ $598,717
Other Assets Total$0$0→ $0
Liabilities
Deferred Revenue$1,326,600$1,553,143▲ $226,543
Accounts Payable and Accrued Expenses$92,860$56,494▼ $36,366
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$1,419,460$1,609,637▲ $190,177
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,521,984$2,930,524▲ $408,540
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$2,521,984$2,930,524▲ $408,540
Total Liabilities and Net Assets / Fund Balance$3,941,444$4,540,161▲ $598,717

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$77,867$27,733$105,600
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Mike HorsfieldPresidentPT$10,000$10,000
Michelle CollieTreasurerPT$5,000$5,000
Stacey AlbertsSecretary-$5,000$5,000
Dave PowersDirector-$5,000$5,000
Kelly SandersDirector-$5,000$5,000
Stacey LyonsDirector-$5,000$5,000
Rob WorthVice President - EFF. 11/2023PT$2,500$2,500
Amy SnyderDirector - eff. 11/16/2023-$2,500$2,500
Bill PfisterDirector - TERM. 12/31/2023-$2,500$2,500
Jennifer SchniedersDirector-$2,500$2,500

Highest Paid Contractors

ContractorServicesLocationCompensation
association Headquarters IncAssoc. Managemement1120 ROUTE 73 SUITE 200, mouNT LAUREL, NJ 08054$1,135,994
Marriott Hotel Services DBA GaylordHotel services201 Waterfront Street, National Harbor, MD 20745$1,099,062
Sabre Advocacy LLCAdvocacy2500 N Randolph Street, Arlington, VA 22207$273,429
Shepard Exposition Servicesaudio visual1778 Marietta Boulevard Northwest, Atlanta, GA 30318$173,576
Kim KoteffConsulting services3370 Evans Rd, Huntingtown, MD 20639$142,526
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$3,401,730
Investment Income
$165,011
Other Revenue
$12,145
Change in Net Assets
$193,797

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,578,886
Revenue Not Reported on Form 990
$214,743
Total Revenue per Audited Statements
$3,793,629
Total Revenue per Form 990
$3,578,886
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,322,753
Salaries, Compensation, and Employee Benefits$50,000
Grants and Similar Amounts Paid$12,336
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings---$1,057,788
Fees for Services Other---$728,313
Fees for Services Management---$725,241
Office Expenses---$241,309
Travel---$210,267
Fees for Services Lobbying---$94,301
Current Officers, Directors, Trustees, and Key Employees---$50,000
Grants to Domestic Orgs---$12,336
Depreciation Depletion---$9,733
Other Expenses---$7,198
Insurance---$2,774
Advertising---$1,780
Total Functional Expenses$0$0$0$3,385,089

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,385,089
Total Expenses per Audited Statements$3,385,089
Total Expenses per Form 990$3,385,089
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Missouri Physical Therapy AssociationJefferson City, MO501(c)(3)LEGAL AID referral for profit$10,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
No
Subject to proxy tax
Yes

Reported Spending and Taxes

Line ItemAmount
Current Year Nondeductible Lobbying and Political Cost$94,301
Total Nondeductible Lobbying and Political Cost$12,238
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

FORM 990, PART VI, SECTION A, LINE 3:

Delegation of management duties to management company: apta pps receives various management services including those related to general administration, meetings and financial services from association headquarters, inc.

FORM 990, PART VI, SECTION A, LINE 6:

Apta pps has two classes of voting members: physical therapist and physical therapist assistant members.

FORM 990, PART VI, SECTION A, LINE 7A:

Members of the private practice section have the right to elect members of the governing body of the organization at annual conference.

Form 990, Part VI, Section B, Line 11B:

A draft form 990 is emailed to the board for review before filing with internal revenue service.

FORM 990, PART VI, SECTION B, LINE 12C:

The conflict of interest is distributed and signed by applicable members on an annual basis. Private practice section requires that a board member disclose any conflict of interest immediately to the board of directors so that they can act appropriately. If the board determines that there is a conflict of interest, they may direct that the covered person should not particpate in any decision-making process or discussions pertaining to the interest.

FORM 990, PART VI, SECTION C, LINE 19:

The organization makes its governing documents and conflict of interest policy available to the public upon request. Financial statements are provided to private practice section members in the annual report distributed at annual conference.

Filing and Contact Details

Filer

Filer Name
American Physical Therapy Association
EIN
52-1214965
In Care Of
% SILVANA LAMLLARI CPA
Phone
8005171167
Address
1421 Prince Street Suite 300, Alexandria, VA 22314

Signing Officer

Name
Christopher Albanese
Title
Treasurer
Phone
8005171167
Signed
2025-04-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Christopher Albanese
Formed
1981
Legal Domicile
Nv
Voting Board Members
9
Independent Board Members
0
Employees
0
Volunteers
100

Preparer

Firm
Withumsmithbrown Pc
Address
4600 EAST WEST HWY 900, BETHESDA, MD 20814-3423
Preparer
Rich Ruvelson
Phone
3012726000
Supplemental Narrative

Additional Explanations

FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION:

Provision of quality of care.

Form 990 Part IX Line 11G

Description:professional fees total fees:385692

Form 990 Part IX Line 11G

Description:contractual fees total fees:342621

Financial Statement Notes

Part X, Line 2

PPS is exempt from federal income tax under Sections 501(c)(6) of the Internal Revenue Code. However, income from certain activities not directly related to PPS's tax-exempt purpose is subject to taxation as unrelated business income. GAAP requires entities to evaluate, measure, recognize and disclose any uncertain income tax positions taken on their tax returns. GAAP prescribes a minimum recognition threshold that a tax position is required to meet in order to be recognized in the financial statements. PPS believes that it had no uncertain tax positions as defined in GAAP.

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IRS990/Form990PartVIISectionAGrp/PersonNm3Stacey Lyons
IRS990/Form990PartVIISectionAGrp/PersonNm4Dave Powers
IRS990/Form990PartVIISectionAGrp/PersonNm5Kelly Sanders
IRS990/Form990PartVIISectionAGrp/PersonNm6Rob Worth
IRS990/Form990PartVIISectionAGrp/PersonNm7Jennifer Schnieders
IRS990/Form990PartVIISectionAGrp/PersonNm8Amy Snyder
IRS990/Form990PartVIISectionAGrp/PersonNm9Bill Pfister
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IRS990/Form990PartVIISectionAGrp/TitleTxt0President
IRS990/Form990PartVIISectionAGrp/TitleTxt1Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt2Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Vice President - EFF. 11/2023
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director - eff. 11/16/2023
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director - TERM. 12/31/2023
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IRS990/MissionDesc0TO FOSTER INTEREST IN AND PROVIDE FOR THE GROWTH OF PHYSICAL THERAPY IN PRACTICE SETTINGS WHICH ALLOW FOR INDEPENDENT PRACTICE OF PHYSICAL THERAPY, BUSINESS SUCCESS, AND PROVISION OF QUALITY OF CARE WHICH ALLOW FOR INDEPENDENT PRACTICE OF PHYSICAL THERAPY, BUSINESS SUCCESS, AND PROVISION OF QUALITY OF CARE.
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IRS990/ProgramServiceRevenueGrp/Desc2PUBLICATIONS
IRS990/ProgramServiceRevenueGrp/Desc3EDUCATION
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IRS990/ProgSrvcAccomActy2Grp/Desc0PUBLICATIONS: IMPACT MAGAZINE IS THE SECTION'S MAGAZINE WHICH FEATURES ISSUES THAT AFFECT PHYSICAL THERAPISTS IN A PRIVATE PRACTICE SETTING.
IRS990/ProgSrvcAccomActy3Grp/Desc0EDUCATION: THE SECTION PROVIDES EDUCATION AT ITS ANNUAL CONFERENCE AND EXHIBITION, APTA CSM MEETING, PEER2PEER SUMMIT, AND THROUGH REGULAR WEBINARS. COURSES ARE TO ASSIST PRACTITIONERS WITH LEADERSHIP DEVELOPMENT AND DAY-TO-DAY PRACTICE MANAGEMENT.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0PPS is exempt from federal income tax under Sections 501(c)(6) of the Internal Revenue Code. However, income from certain activities not directly related to PPS's tax-exempt purpose is subject to taxation as unrelated business income. GAAP requires entities to evaluate, measure, recognize and disclose any uncertain income tax positions taken on their tax returns. GAAP prescribes a minimum recognition threshold that a tax position is required to meet in order to be recognized in the financial statements. PPS believes that it had no uncertain tax positions as defined in GAAP.
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$4.54$1.66$2.88$3.36$3.72$0.36
2024Detailed filing. Detailed filing data is available for this year.$4.54$1.61$2.93$3.58$3.39$0.19
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.94$1.42$2.52$3.63$3.67$0.04
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.94$1.43$2.51$3.23$3.81$0.58
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.00$1.37$3.63$1.71$2.03$0.32
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.40$1.08$3.32$3.29$3.58$0.29
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.24$1.52$3.72$3.47$3.49$0.02
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.12$1.42$3.69$3.15$3.36$0.21
2017Detailed filing. Detailed filing data is available for this year.$4.80$0.93$3.87$3.17$3.35$0.18
2016Detailed filing. Detailed filing data is available for this year.$5.07$1.25$3.83$2.94$2.97$0.04
2015Detailed filing. Detailed filing data is available for this year.$5.11$1.25$3.86$2.91$3.03$0.12
2014Detailed filing. Detailed filing data is available for this year.$4.87$0.84$4.03$2.84$2.46$0.37
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.19$0.81$3.37$2.45
2012Summary only. Only limited summary data is available for this year.$3.59$0.77$2.82$2.45$2.04$0.41
2011Summary only. Only limited summary data is available for this year.$3.09$0.67$2.42$2.13$1.73$0.40
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2024 filings • 501(c)6 • $1M-$5M nonprofits