CENTER FOR MEDICAL SIMULATION INC

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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

1999

Legal Domicile

Principal Officer

ROXANE GARDNER MD

Phone

6177263034

Tax Period

2023-07-01 to 2024-06-30

CENTER FOR MEDICAL SIMULATION INC, founded in 1999, is a community nonprofit in the Health Care sector that reported $2.8M in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. Expenses of $2.7M left a modest 4% surplus.

Mission

THE PRINCIPAL PURPOSE OF THE ORGANIZATION IS TO IMPROVE PATIENT SAFETY AND HEALTHCARE QUALITY BY USING SIMULATION FOR EDUCATION, TRAINING, AND RESEARCH. THE CENTER FOR MEDICAL SIMULATION (CMS) PROVIDES WORLD-CLASS HEALTHCARE SIMULATION FOR A BROAD SPECTRUM OF PROVIDERS AND APPLICATIONS. HANDS-ON SIMULATION HELPS TEAMS AND INDIVIDUALS DEVELOP PREPAREDNESS AND INSIGHT THAT IS BEST LEARNED AND PRACTICED IN REALISTIC CONDITIONS. CMS WAS ONE OF THE WORLD'S FIRST HEALTHCARE SIMULATION CENTERS AND CONTINUES TO BE A GLOBAL LEADER IN THE FIELD. CMS IS APPROVED BY THE AMERICAN COLLEGE OF SURGEONS (ACS) AS A LEVEL 1-ACCREDITED EDUCATIONAL INSTITUTE, AND IS ENDORSED BY THE AMERICAN SOCIETY OF ANESTHESIOLOGISTS (ASA).

Program Service Accomplishments

Program 1

Expenses: $796,701 Revenue: $2,766,163

DURING THE YEAR THE ORGANIZATION'S MOST SIGNIFICANT ACTIVITIES WERE AS FOLLOWS: SIMULATION INSTRUCTOR TRAINING: THE ORGANIZATION OFFERED TRAINING TO DIRECTORS, PRINCIPAL FACULTY, AND INSTRUCTORS OF CURRENT OR PROSPECTIVE SIMULATION PROGRAMS. CLINICAL TRAINING: THE ORGANIZATION OFFERED COURSES DESIGNED FOR INDIVIDUALS AND TEAMS ACROSS THE HEALTH CARE FIELD. PHYSICIANS, NURSES, HEALTH CARE PROFESSIONALS, EDUCATORS, AND LEADERS ALL BENEFITED FROM EXPANDING THEIR SKILLS AND COLLABORATION THROUGH SIMULATION. THE ORGANIZATION REGULARLY SCHEDULES COURSES IN ANESTHESIOLOGY, OBSTETRICS AND SURGERY ENVIRONMENTS. LEADERSHIP AND MANAGEMENT TRAINING: THE ORGANIZATION ALSO PROVIDED HEALTH CARE ADVENTURES (HCA) COURSES WHICH FOCUSED ON LEADERSHIP AND MANAGEMENT TEAMS ACROSS THE HEALTH CARE FIELD.

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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 $0

Program Service Revenue $2,766,163

Investment Income $55,745

Other Revenue $8,056

TOTAL REVENUE $2,829,964

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,279,749

Fundraising Expenses $0

Program Expenses $796,701

Other Expenses $1,439,575

TOTAL EXPENSES $2,719,324

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,829,964	$3,037,683	-0.1%
Expenses	$2,719,324	$3,010,813	-0.1%
Net Income	$110,640	$26,870	+3.1%

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

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

$1,263,883

Total Directors

$1,965,184

Key Employees

$442,903

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LEIBOWITZ MD AKIVA	DIRECTOR; ANESTHESIOLOGIST	1.00	Director	$0	$108,077	$701,898
PANNU MD AMEEKA	DIRECTOR	1.00	Director	$0	$55,935	$644,331
LEVY MD NADAV	DIRECTOR; ANESTHESIOLOGIST	1.00	Director	$0	$83,992	$606,937
ORIOL MD NANCY	DIRECTOR & VICE PRESIDENT	1.00	Officer Director	$0	$0	$12,018
SAVIGNOL ROBERT	DIRECTOR, PRESIDENT, & TREASURER	1.00	Officer Director	$0	$0	$0
ARNOLD MD JENNIFER	DIRECTOR	1.00	Director	$0	$0	$0
BAJAJ MD MS-HPED KOMAL	DIRECTOR	1.00	Director	$0	$0	$0
BROWN PHD BEVERLY	DIRECTOR	1.00	Director	$0	$0	$0
GORDON MD MPA JAMES	DIRECTOR	1.00	Director	$0	$0	$0
MYOUNG IDA	DIRECTOR	1.00	Director	$0	$0	$0
NEWBOWER PHD RONALD	DIRECTOR	1.00	Director	$0	$0	$0
RATHMELL MD MS JAMES	DIRECTOR	1.00	Director	$0	$0	$0
SHAEFI MD SHAHZAD	PRESIDENT; ANESTHESIOLOGIST	1.00	Officer	$0	$107,608	$663,878
FERRAZZA DAWN	TREASURER	1.00	Officer	$0	$61,492	$435,204
GARDNER MD ROXANE	CLERK & EXECUTIVE DIRECTOR	40.00	Officer	$97,674	$17,400	$152,783
ROSSI MBA GARY	CHIEF OPERATING OFFICER	40.00	Key Emp	$172,954	$49,606	$261,434
ROUSSIN CHRISTOPHER	SENIOR DIRECTOR, ALPS PROGRAM	40.00	Key Emp	$125,613	$13,305	$181,469
RUDOLPH PHD JENNY	FORMER CLERK & EXECUTIVE DIRECTOR	0.00		$150,755	$19,774	$221,875

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	$578,455	$689,707	$3,186,761	$-111,252
2024	$2,829,964	$2,719,324	$2,802,225	$110,640
2023	$3,037,683	$3,010,813	$2,717,142	$26,870
2022	$2,761,057	$2,781,139	$2,307,441	$-20,082
2021	$2,768,081	$2,698,543	$2,347,740	$69,538
2020	$3,024,542	$3,490,056	$2,418,501	$-465,514
2019	$3,468,565	$3,769,916	$2,508,778	$-301,351
2018	$3,281,818	$3,807,622	$2,882,863	$-525,804