SOCIETY OF INTERVENTIONAL PAIN MAN… - 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

2004

Legal Domicile

Phone

2704434500

Tax Period

2022-01-01 to 2022-12-31

SOCIETY OF INTERVENTIONAL PAIN MANAGEMENT SURGERY CENTERS INC, founded in 2004, is a micro nonprofit in the Community Improvement sector that reported $23K in total revenue in fiscal year 2022. Revenue fell 53% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $18K, a strong 77% operating margin.

Mission

TO ADVANCE INTERVENTIONAL PAIN MANAGEMENT TECHNIQUES FOR HIGH-QUALITY PATIENT CARE IN AMBULATORY SURGICAL FACILITIES.

Program Service Accomplishments

Program 1

Expenses: $0 Revenue: $0

THE CORPORATION FORMED IN DECEMBER 2004 TO ENHANCE THE COMMON INTERESTS AND CONDITIONS OF PHYSICIANS WHO PRACTICE PAIN MANAGEMENT IN AMBULATORY SURGERY CENTER SETTINGS. MEETINGS ARE HELD PERIODICALLY.

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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 (2022)

Revenue Breakdown

Contributions & Grants $17,500

Program Service Revenue $0

Investment Income $5,472

Other Revenue $0

TOTAL REVENUE $22,972

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $5,201

TOTAL EXPENSES $5,201

Year-over-Year Comparison

	2022	2021	Change
Revenue	$22,972	$49,121	-0.5%
Expenses	$5,201	$1,742	+2.0%
Net Income	$17,771	$47,379	-0.6%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AMOL SOIN MD	PRESIDENT	0.30	Officer Director	$0	$0	$0
MAHENDRA SANAPATI MD	VICE PRESIDENT	0.30	Officer Director	$0	$0	$0
ALLAN T PARR MD	DIRECTOR	0.10	Director	$0	$0	$0
LAXMAIAH MANCHIKANTI MD	CEO CHAIRMAN OF THE BOARD	1.00	Officer Director	$0	$0	$0
AASHISH JAY KUMAR MD	SECRETARY	0.30	Officer Director	$0	$0	$0
SUKDEB DATTA MD	TREASURER	0.30	Officer Director	$0	$0	$0
CARL BALOG MD	DIRECTOR	0.10	Director	$0	$0	$0
MARK MALINOWSKI DO	DIRECTOR	0.10	Director	$0	$0	$0
BRIAN RICH MD	DIRECTOR	0.10	Director	$0	$0	$0
ABDUL SHAHID MD	DIRECTOR	0.10	Director	$0	$0	$0
DERRON WILSON MD	DIRECTOR	0.10	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
2022	$22,972	$5,201	$295,351	$17,771
2021	$49,121	$1,742	$277,580	$47,379
2020	$18,724	$1,853	$230,201	$16,871
2019	$33,410	$80,891	$213,330	$-47,481
2018	$57,255	$72,675	$260,811	$-15,420

SOCIETY OF INTERVENTIONAL PAIN MANAGEMENT SURGERY CENTERS INC