Probility Physical Therapy
Probility Physical Therapy shows strong revenue and asset growth, with consistent positive net income in recent years.
EIN: 202020239 · Ypsilanti, MI · NTEE: E50 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $23.0M |
| Total Expenses | $19.6M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $21 |
| Net Assets | $13.3M |
| Transparency Score | 75/100 |
Is Probility Physical Therapy Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Probility Physical Therapy directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Probility Physical Therapy
Probility Physical Therapy (EIN: 202020239) is a nonprofit organization based in Ypsilanti, MI, classified under NTEE code E50. The organization reported total revenue of $23.0M and total assets of $86.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Probility Physical Therapy's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Probility Physical Therapy is a large nonprofit that has been operating for 11 years, with 9 years of IRS 990 filings on record (2015–2023). Revenue has grown at a compound annual rate of 28.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $21.1M |
| Total Expenses | $19.6M |
| Surplus / Deficit | +$1.4M |
| Total Assets | $64.7M |
| Total Liabilities | $51.4M |
| Net Assets | $13.3M |
| Operating Margin | 6.8% |
| Debt-to-Asset Ratio | 79.4% |
| Months of Reserves | 39.5 months |
Financial Health Grade: A
In 2023, Probility Physical Therapy reported a surplus of $1.4M with revenue exceeding expenses, holds 39.5 months of operating reserves (strong position), has a debt-to-asset ratio of 79.4% (high leverage).
Financial Trends
Over 9 years of filings (2015–2023), Probility Physical Therapy's revenue has grown at a compound annual growth rate (CAGR) of 28.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +7.9% | +8.0% | +44.2% |
| 2022 | +6.9% | +15.1% | +63.1% |
| 2021 | +26.7% | +8.2% | +126.8% |
| 2020 | -13.2% | -3.5% | +23.8% |
| 2019 | +19.3% | +17.6% | -34.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2015 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Probility Physical Therapy with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Probility Physical Therapy allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1.4M, with revenue exceeding expenses.
- Debt-to-asset ratio: 79.4%.
Executive Compensation Analysis
The IRS 990 filings consistently report 0% officer compensation, which is unusual for an organization of this size with over $21 million in revenue and $64 million in assets. This suggests that executive compensation may be categorized differently or that the organization relies heavily on volunteer leadership, warranting further investigation for full transparency.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Probility Physical Therapy's IRS 990 filings:
- Lack of detailed functional expense breakdown in provided data
- Consistent 0% officer compensation reported, which is unusual for an organization of this size and growth
- Significant increase in liabilities from $1.45 million in 2015 to $51.39 million in 2023, warranting further scrutiny
Strengths
The following positive indicators were identified for Probility Physical Therapy:
- Strong and consistent revenue growth, from $2.77 million in 2015 to $21.08 million in 2023
- Significant asset accumulation, growing from $7.76 million in 2015 to $64.71 million in 2023
- Generally positive net income (revenue exceeding expenses) in most recent years, indicating financial stability
- Clear alignment between organization name and NTEE code (E50 - Rehabilitative Medical Services), suggesting a focused mission
Frequently Asked Questions about Probility Physical Therapy
Is Probility Physical Therapy a legitimate charity?
Based on AI analysis of IRS 990 filings, Probility Physical Therapy (EIN: 202020239) some concerns. Mission Score: 75/100. 3 red flags identified, 4 strengths noted.
How does Probility Physical Therapy spend its money?
Probility Physical Therapy directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Probility Physical Therapy tax-deductible?
Probility Physical Therapy is registered as a tax-exempt nonprofit (EIN: 202020239). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Probility Physical Therapy CEO make?
Probility Physical Therapy's highest-compensated officer earns $21 annually. The organization reported $23.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Probility Physical Therapy's spending goes to programs?
Probility Physical Therapy directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Probility Physical Therapy compare to similar nonprofits?
With a transparency score of 75/100 (Good), Probility Physical Therapy is above average for NTEE category E50 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Probility Physical Therapy located?
Probility Physical Therapy is headquartered in Ypsilanti, Michigan and files with the IRS under EIN 202020239. It is classified under NTEE code E50.
How many years of IRS 990 filings does Probility Physical Therapy have?
Probility Physical Therapy has 9 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $23.0M in total revenue.
How does Probility Physical Therapy allocate its expenses between program services, administration, and fundraising?
The provided data does not offer a detailed breakdown of functional expenses. While the organization shows strong revenue and asset growth, understanding the specific percentages allocated to programs, administration, and fundraising is crucial for a complete assessment of spending efficiency.
Why is officer compensation consistently reported as 0% across all filings, despite significant organizational growth?
The consistent reporting of 0% officer compensation is atypical for an organization of Probility Physical Therapy's scale. This could indicate that compensation is reported under other expense lines, or that key leadership roles are filled by volunteers, which would require further clarification for transparency.
What is the organization's strategy for managing its increasing liabilities, which grew from $1.45 million in 2015 to $51.39 million in 2023?
Probility Physical Therapy's liabilities have grown significantly alongside its assets and revenue. While asset growth often accompanies liability growth in expanding organizations, understanding the nature of these liabilities (e.g., debt for expansion, operational payables) and the strategy for managing them is important for long-term financial health.
Filing History
IRS 990 filing history for Probility Physical Therapy showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2015–2023), Probility Physical Therapy's revenue has grown by 660.9%, moving from $2.8M to $21.1M. Total assets increased by 733.6% over the same period, from $7.8M to $64.7M. Total functional expenses rose by 635.8%, from $2.7M to $19.6M. In its most recent filing year (2023), Probility Physical Therapy reported a surplus of $1.4M, with revenue exceeding expenses. The organization holds $51.4M in liabilities against $64.7M in assets (debt-to-asset ratio: 79.4%), resulting in net assets of $13.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $21.1M | $19.6M | $64.7M | $51.4M | — | — |
| 2022 | $19.5M | $18.2M | $44.9M | $33.0M | — | View 990 |
| 2021 | $18.3M | $15.8M | $27.5M | $17.0M | — | View 990 |
| 2020 | $14.4M | $14.6M | $12.1M | $4.1M | — | View 990 |
| 2019 | $16.6M | $15.1M | $9.8M | $1.5M | — | View 990 |
| 2018 | $13.9M | $12.9M | $14.9M | $8.1M | — | View 990 |
| 2017 | $11.9M | $11.7M | $10.2M | $4.4M | — | — |
| 2016 | $11.2M | $11.9M | $8.5M | $2.9M | — | View 990 |
| 2015 | $2.8M | $2.7M | $7.8M | $1.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $21.1M, expenses of $19.6M, and assets of $64.7M (revenue +7.9% year-over-year).
- 2022: Revenue of $19.5M, expenses of $18.2M, and assets of $44.9M (revenue +6.9% year-over-year).
- 2021: Revenue of $18.3M, expenses of $15.8M, and assets of $27.5M (revenue +26.7% year-over-year).
- 2020: Revenue of $14.4M, expenses of $14.6M, and assets of $12.1M (revenue -13.2% year-over-year).
- 2019: Revenue of $16.6M, expenses of $15.1M, and assets of $9.8M (revenue +19.3% year-over-year).
- 2018: Revenue of $13.9M, expenses of $12.9M, and assets of $14.9M (revenue +17.5% year-over-year).
- 2017: Revenue of $11.9M, expenses of $11.7M, and assets of $10.2M (revenue +6.1% year-over-year).
- 2016: Revenue of $11.2M, expenses of $11.9M, and assets of $8.5M (revenue +303.6% year-over-year).
- 2015: Revenue of $2.8M, expenses of $2.7M, and assets of $7.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Probility Physical Therapy:
Data Sources and Methodology
This transparency report for Probility Physical Therapy is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.