Civic Intelligence

Florida Chapter of the American Physical Therapy Association

990 • Fiscal year 2023 • EIN 59-6135438

Jan 01, 2023 to Dec 31, 2023 • Filed on Oct 29, 2024

800 N Calhoun Street Suite 1-aTallahassee, FL 32303

(850) 222-1243

Siviq Scores

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

Liabilities / Assets

40th percentile

0.09x

Higher debt load relative to assets than 40% of similar nonprofits.

2023 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

48th percentile

0.17x

Higher debt load relative to revenue than 48% of similar nonprofits.

2023 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2023

Net Margin

9th percentile

-17%

Higher net margin than 9% of similar nonprofits.

2023 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

66th percentile

$186,253

Higher top officer pay than 66% of similar nonprofits.

Top officer pay equals 14.6% of source-year revenue.

2023 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2023

Asset Growth

40th percentile

2.6%

Faster asset growth than 40% of similar nonprofits.

2023 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

43rd percentile

5.3%

Faster revenue growth than 43% of similar nonprofits.

2023 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Up

$2,330,706

Up $59,179 (+2.6%) from 2022

Net Assets

Up

$2,114,713

Up $77,676 (+3.8%) from 2022

Liabilities

Down

$215,993

Down $18,497 (-7.9%) from 2022

Revenue

Up

$1,276,547

Up $64,532 (+5.3%) from 2022

Expenses

Up

$1,492,599

Up $141,616 (+10%) from 2022

Net Income

Down

-$216,052

Down $77,084 (-55%) from 2022

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2010: $1,936,497Liabilities 2010: $104,538Net Assets 2010: $1,831,9592010Assets 2011: $1,987,448Liabilities 2011: $158,683Net Assets 2011: $1,828,7652011Assets 2012: $1,981,120Liabilities 2012: $183,462Net Assets 2012: $1,797,6582012Assets 2013: $1,975,101Liabilities 2013: $97,533Net Assets 2013: $1,877,5682013Assets 2014: $2,066,852Liabilities 2014: $216,080Net Assets 2014: $1,850,7722014Assets 2015: $2,033,152Liabilities 2015: $157,426Net Assets 2015: $1,875,7262015Assets 2016: $59,605Liabilities 2016: $0Net Assets 2016: $59,6052016Assets 2017: $74,989Liabilities 2017: $0Net Assets 2017: $74,9892017Assets 2018: $1,875,843Liabilities 2018: $73,270Net Assets 2018: $1,802,5732018Assets 2019: $1,991,341Liabilities 2019: $35,691Net Assets 2019: $1,955,6502019Assets 2020: $2,336,245Liabilities 2020: $166,767Net Assets 2020: $2,169,4782020Assets 2021: $2,731,517Liabilities 2021: $210,264Net Assets 2021: $2,521,2532021Assets 2022: $2,271,527Liabilities 2022: $234,490Net Assets 2022: $2,037,0372022Assets 2023: $2,330,706Liabilities 2023: $215,993Net Assets 2023: $2,114,7132023Assets 2024: $2,262,926Liabilities 2024: $154,735Net Assets 2024: $2,108,1912024

Highlighted filing

2023

Assets$2,330,706
Liabilities$215,993
Net Assets$2,114,713

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2010: $745,0022010Expenses 2011: $905,6662011Expenses 2012: $941,3992012Revenue 2013: $1,000,547Expenses 2013: $1,036,319Net Income 2013: -$35,7722013Revenue 2014: $1,022,675Expenses 2014: $1,053,268Net Income 2014: -$30,5932014Revenue 2015: $1,184,733Expenses 2015: $1,115,476Net Income 2015: $69,2572015Revenue 2016: $22,845Expenses 2016: $13,795Net Income 2016: $9,0502016Revenue 2017: $33,063Expenses 2017: $17,679Net Income 2017: $15,3842017Revenue 2018: $1,304,725Expenses 2018: $1,557,333Net Income 2018: -$252,6082018Revenue 2019: $1,398,407Expenses 2019: $1,387,170Net Income 2019: $11,2372019Revenue 2020: $1,113,414Expenses 2020: $1,061,128Net Income 2020: $52,2862020Revenue 2021: $1,527,205Expenses 2021: $1,144,563Net Income 2021: $382,6422021Revenue 2022: $1,212,015Expenses 2022: $1,350,983Net Income 2022: -$138,9682022Revenue 2023: $1,276,547Expenses 2023: $1,492,599Net Income 2023: -$216,0522023Revenue 2024: $1,114,412Expenses 2024: $1,292,688Net Income 2024: -$178,2762024

Highlighted filing

2023

Revenue$1,276,547
Expenses$1,492,599
Net Income-$216,052
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Oct 29, 2024
Return Version
2023v5.0
Gross Receipts
$1,276,547
Mission and Program Overview

Mission

Florida physical therapy association's primary mission is to meet the physical therapy needs of society, to meet the needs and interest of its members and to develop and improve the art and science of physical therapy practice.

The florida physical therapy association's mission is to promote the common good and welfare of all citizens in the state of florida, to promote the art and science of medicine through the understanding and utilization of the functions and procedures of physical therapy in the prevention, treatment and alleviation of human ailments, to meet the physical therapy needs and interest of its members, to develop and improve the art and science of physical therapy practices, and to educate the public and its members of physical therapy research.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$1,773,009$2,024,627▲ $251,618
Cash and Non-Interest-Bearing Accounts$184,214$129,180▼ $55,034
Savings and Temporary Cash Investments$175,020$80,020▼ $95,000
Land, Buildings, and Equipment, Net$4,081$3,673▼ $408
Prepaid Expenses and Deferred Charges$10,605$2,395▼ $8,210
Total Assets$2,271,527$2,330,706▲ $59,179
Other Assets Total$124,598$90,811▼ $33,787
Liabilities
Accounts Payable and Accrued Expenses$18,032$89,915▲ $71,883
Mortgage Notes Payable Secured by Investment Property-$52,962-
Other Liabilities$134,333$48,680▼ $85,653
Deferred Revenue$82,125$24,436▼ $57,689
Total Liabilities$234,490$215,993▼ $18,497
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,998,394$2,086,684▲ $88,290
Net Assets With Donor Restrictions$38,643$28,029▼ $10,614
Total Net Assets Fund Balance$2,037,037$2,114,713▲ $77,676
Total Liabilities and Net Assets / Fund Balance$2,271,527$2,330,706▲ $59,179

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$3,070$28,650$31,720
Leasehold Improvements$603$28,755$29,358
Other Securities$676,874--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Tad FisherExecutive DiFT$168,877$17,376$186,253
Tad FisherExecutive Director-$168,877$17,376$186,253
Michelle HigdonExecutive DiFT$147,689$37,686$185,375
Michelle HigdonExecutive Director-$147,689$37,686$185,375
Thomas EberlePresident-$7,500-$7,500
Leiselle PilgrimVice Preside-$2,500-$2,500

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$667
Program Service Revenue
$1,243,386
Investment Income
$10,889
Other Revenue
$21,605
All Other Contributions
$667
Change in Net Assets
$-216,052

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,276,547
Revenue Not Reported on Form 990
$292,258
Total Revenue per Audited Statements
$1,568,805
Total Revenue per Form 990
$1,276,547
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$773,483
Salaries, Compensation, and Employee Benefits$682,578
Grants and Similar Amounts Paid$36,538
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$358,444
Conferences and Meetings---$238,959
Current Officers, Directors, Trustees, and Key Employees---$168,877
Travel---$153,609
Fees for Services Other---$141,146
Other Employee Benefits---$113,374
Fees for Services Lobbying---$75,417
All Other Expenses---$47,223
Payroll Taxes---$41,883
Occupancy---$37,512
Grants to Domestic Orgs---$36,538
Other Expenses---$11,981
Fees for Services Accounting---$11,100
Insurance---$6,415
Office Expenses---$3,896
Depreciation Depletion---$2,187
Fees for Services Legal---$1,900
Total Functional Expenses$0$0$0$1,492,599

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,492,599
Total Expenses per Audited Statements$1,492,599
Total Expenses per Form 990$1,492,599
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Rebloom CenterSt Augustine, FL501c3Catherine E Patla Gr$15,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

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

Reported Spending and Taxes

Line ItemAmount
Current Year Nondeductible Lobbying and Political Cost$93,812
Total Nondeductible Lobbying and Political Cost$93,264
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease - Right of Use$35,280
Amounts Held on Behalf of Others$13,400
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

The association's members have voting rights in electing board members and overseeing significant decisions regarding the organization's business.

Form 990, Page 6, Part VI, Line 7A

The association's members have equal voting rights in the election process of their board of directors.

Form 990, Page 6, Part VI, Line 7B

The association's members have equal voting rights regarding important decisions of the organization.

Form 990, Page 6, Part VI, Line 11B

The chief operating officer will review form 990 prior to its filing.

Form 990, Page 6, Part VI, Line 12C

The organization's vice executive director will monitor proposed or ongoing transactions for conflicts of interest and disclose them to the president of the board of directors in order to deal with potential or actual conflicts, whether discovered before or after the transaction has occurred.

Form 990, Page 6, Part VI, Line 15A

The executive director's compensation is reviewed annually by the board to determine if it is comparable to the current market value.

Form 990, Page 6, Part VI, Line 19

AVAILABLE UPON REQUEST.

Filing and Contact Details

Filer

Filer Name
Florida Physical Therapy
EIN
59-6135438
Phone
8502221243
Address
800 N CALHOUN STREET SUITE 1-A, TALLAHASSEE, FL 32303

Signing Officer

Name
Michelle Higdon
Title
Executive Director
Phone
8502221243
Signed
2024-10-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michelle Higdon
Formed
1950
Legal Domicile
Fl
Voting Board Members
18
Independent Board Members
18
Employees
6
Volunteers
168

Preparer

Firm
Thomson Brock Luger & Company
Address
3375G CAPITAL CIR NE, TALLAHASSEE, FL 32308-3736
Preparer
Matthew R Hansard
Phone
8503857444
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 3, Part X

Asc 740-10: the organization files income tax returns in the u.s. Federal jurisdiction. The organization's income tax returns for the past three years are subject to examination by taxing authorities and may change upon examination. The organization has reviewed and evaluated the relevant technical merits of each of their tax positions in accordance with accounting principles generally accepted in the united states of america for accounting for uncertainty in income taxes, and determined that there are no uncertain tax positions that would have a material impact on the financial statements.

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IRS990/Form990PartVIISectionAGrp/TitleTxt2PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt9TREASURER
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IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt15SECRETARY
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IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
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IRS990/MissionDesc0TO PROTECT AND ADVOCATE FOR PHYSICAL THERAPY IN FLORIDA, ENSURING THE PARCTICE REFELCTS THE FULL EXTENT OF MEMBER EDUCATION AND EXPERIENCE.
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IRS990/ProgramServiceRevenueGrp/Desc0CHAPTER DUES
IRS990/ProgramServiceRevenueGrp/Desc1CONTINUING EDUCATION
IRS990/ProgramServiceRevenueGrp/Desc2CONFERENCES
IRS990/ProgramServiceRevenueGrp/Desc3EXHIBITS & SPONSORSHIPS
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IRS990/ProgSrvcAccomActy2Grp/Desc0PROVIDE ACCREDITATIONS FOR CONTINUING EDUCATION COURSES FOR THE PHYSICAL THERAPY PROFESSION IN FLORIDA.
IRS990/ProgSrvcAccomActy3Grp/Desc0TO RETAIN A STRONG MEMBERSHIP BASE OF PHYSICAL THERAPISTS IN FLORIDA AND PRODUCE "PUBLICATION OF JOURNAL - FLORIDA PHYSICAL THERAPY ASSOCIATION" WHICH IS PUBLISHED MONTHLY AND DISTRIBUTED TO APPROXIMATELY 5495 MEMBERS.
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IRS990ScheduleC/Section527PoliticalOrgGrp/EIN0260683635
IRS990ScheduleC/Section527PoliticalOrgGrp/OrganizationBusinessName/BusinessNameLine1Txt0FLORIDA PHYSICAL THERAPY PAC
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/AddressLine1Txt0800 N CALHOUN STREET SUITE 1-A
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IRS990ScheduleC/SupplementalInformationDetail/ExplanationTxt0THE FLORIDA PHYSICAL THERAPY ASSOCIATION RECEIVES CONTRIBUTIONS FROM MEMBERS AND DIRECTLY DISTRIBUTES AN ALLOWED PORTION OF THOSE AMOUNTS TO THE FLORIDA PHYSICAL THERAPY ASSOCIATION POLITICAL ACTION COMMITTEE (A 527 ORGANIZATION). THESE AMOUNTS ARE USED TO PURSUE POLITICAL ISSUES RELATED TO THE PROFESSION AND PRACTICE OF PHYSICAL THERAPISTS IN FLORIDA.
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IRS990ScheduleD/OtherSecuritiesGrp/Desc1CORPORATE BONDS AND NOTES
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ASC 740-10: THE ORGANIZATION FILES INCOME TAX RETURNS IN THE U.S. FEDERAL JURISDICTION. THE ORGANIZATION'S INCOME TAX RETURNS FOR THE PAST THREE YEARS ARE SUBJECT TO EXAMINATION BY TAXING AUTHORITIES AND MAY CHANGE UPON EXAMINATION. THE ORGANIZATION HAS REVIEWED AND EVALUATED THE RELEVANT TECHNICAL MERITS OF EACH OF THEIR TAX POSITIONS IN ACCORDANCE WITH ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA FOR ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, AND DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS THAT WOULD HAVE A MATERIAL IMPACT ON THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.26$0.15$2.11$1.11$1.29$0.18
2023Detailed filing. Detailed filing data is available for this year.$2.33$0.22$2.11$1.28$1.49$0.22
2022Detailed filing. Detailed filing data is available for this year.$2.27$0.23$2.04$1.21$1.35$0.14
2021Detailed filing. Detailed filing data is available for this year.$2.73$0.21$2.52$1.53$1.14$0.38
2020Detailed filing. Detailed filing data is available for this year.$2.34$0.17$2.17$1.11$1.06$0.05
2019Detailed filing. Detailed filing data is available for this year.$1.99$0.04$1.96$1.40$1.39$0.01
2018Detailed filing. Detailed filing data is available for this year.$1.88$0.07$1.80$1.30$1.56$0.25
2017Detailed filing. Detailed filing data is available for this year.$0.07$0.00$0.07$0.03$0.02$0.02
2016Detailed filing. Detailed filing data is available for this year.$0.06$0.00$0.06$0.02$0.01$0.01
2015Detailed filing. Detailed filing data is available for this year.$2.03$0.16$1.88$1.18$1.12$0.07
2014Detailed filing. Detailed filing data is available for this year.$2.07$0.22$1.85$1.02$1.05$0.03
2013Detailed filing. Detailed filing data is available for this year.$1.98$0.10$1.88$1.00$1.04$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.98$0.18$1.80$0.94
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.99$0.16$1.83$0.91
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.94$0.10$1.83$0.75