ANESTHESIA QUALITY INSTITUTE

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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

2008

Legal Domicile

Principal Officer

MARK MANKA

Phone

8478255586

Tax Period

2024-01-01 to 2024-12-31

ANESTHESIA QUALITY INSTITUTE, founded in 2008, is a community nonprofit in the Health Care sector that reported $2.7M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

THE AQI'S MISSION IS TO DEVELOP AND MAINTAIN AN ONGOING REGISTRY OF ANESTHESIA CASES AND OUTCOMES TO HELP ANESTHESIOLOGISTS ASSESS AND IMPROVE PATIENT CARE.

Program Service Accomplishments

Program 1

Expenses: $1,606,782 Revenue: $1,182,724

THE NATIONAL ANESTHESIA CLINICAL OUTCOMES REGISTRY (NACOR) IS DESIGNATED AS A QUALIFIED REGISTRY (QR) AND QUALIFIED CLINICAL DATA REGISTRY (QCDR) BY THE CENTERS FOR MEDICARE & MEDICAID SERVICES. WITH MILLIONS OF CASES AND GROWING, NACOR'S CLINICAL DATA INFORMS TREATMENT CHOICES AND HELPS CONTROL TREATMENT COSTS. NACOR IS OPERATED AND MAINTAINED BY AQI, WITH DATA WAREHOUSING AND ANALYTICS PROVIDED BY AN OUTSIDE VENDOR WITH AQI'S OVERSIGHT. NACOR PROVIDES CUSTOM CONTINUOUS PERFORMANCE MONITORS, GAP ANALYSIS AND PATIENT OUTLIER IDENTIFICATION, PEER-TO-PEER BENCHMARKS, ETC. IN ADDITION, NACOR SENDS QR AND QCDR DATA TO CMS ON BEHALF OF NACOR PRACTICES ELECTING TO PARTICIPATE IN QUALITY REPORTING.

Program 2

Expenses: $89,792 Revenue: $0

THE CLOSED CLAIMS PROJECT IS DEDICATED TO THE SCIENTIFIC STUDIES OF ADVERSE ANESTHETIC OUTCOMES AND STUDIES OF MALPRACTICE CLAIMS AGAINST ANESTHESIOLOGISTS. THE PROJECT HAS OVER 10,000 CLAIMS FOR...

THE CLOSED CLAIMS PROJECT IS DEDICATED TO THE SCIENTIFIC STUDIES OF ADVERSE ANESTHETIC OUTCOMES AND STUDIES OF MALPRACTICE CLAIMS AGAINST ANESTHESIOLOGISTS. THE PROJECT HAS OVER 10,000 CLAIMS FOR EVENTS FROM 1970-PRESENT. THE PROJECT WORKS TO IDENTIFY MAJOR SAFETY CONCERNS, PATTERNS OF INJURY AND STRATEGIES FOR IMPROVING PATIENT SAFETY BY ANESTHESIOLOGISTS WORKING IN PAIN MANAGEMENT, OPERATING ROOMS, LABOR FLOORS, REMOTE LOCATIONS AND CRITICAL CARE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,122,033

Program Service Revenue $1,197,934

Investment Income $0

Other Revenue $394,529

TOTAL REVENUE $2,714,496

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,442,832

Fundraising Expenses $0

Program Expenses $2,605,130

Other Expenses $1,479,688

TOTAL EXPENSES $2,922,520

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,714,496	$2,413,428	+0.1%
Expenses	$2,922,520	$2,738,630	+0.1%
Net Income	$-208,024	$-325,202	-0.4%

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

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

$2,080,526

Total Directors

$14,156

Key Employees

$214,670

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RANDALL CLARK	CHAIR	5.00	Officer Director	$0	$0	$0
ROBERT THOMSEN MD	TREASURER	2.00	Officer Director	$0	$2,400	$2,400
CRYSTAL WRIGHT	TREASURER	1.00	Officer Director	$0	$2,646	$2,646
LOIS A CONNOLLY	DIRECTOR	1.00	Director	$0	$7,510	$7,510
PATRICK J MCCORMICK	DIRECTOR	1.00	Director	$0	$0	$0
MARK DESHUR	DIRECTOR	1.00	Director	$0	$0	$0
PATRICK GUFFEY	DIRECTOR	1.00	Director	$0	$0	$0
KIMBERLEE OLSEN	DIRECTOR	1.00	Director	$0	$0	$0
SHEILA BARNETT	DIRECTOR	1.00	Director	$0	$0	$0
IRVING YE	DIRECTOR	1.00	Director	$0	$0	$0
JIAPENG HUANG	ASA BOD REPRESENTATIVE	1.00	Director	$0	$1,600	$1,600
NEEJU RAVIKANT	ASA BOD REPRESENTATIVE	1.00	Director	$0	$0	$0
MARC J BERNSTEIN	AQI EXECUTIVE DIRECTOR	25.00	Officer	$0	$72,118	$388,475
BRIAN REILLY	CEO/EX-OFFICIO	1.00	Officer	$0	$107,173	$734,658
MARK MANKA	CFO	1.00	Officer	$0	$66,031	$340,778
LISA STEININGER	CFO (THRU MARCH 2024)	1.00	Officer	$0	$23,766	$163,544
PAUL POMERANTZ	EX OFFICIO	1.00	Officer	$0	$38,055	$448,025
DIANE M ZIEGENHORN	AQI DIRECTOR	25.00	Key Emp	$0	$53,582	$214,670
GERARD M TARAFA	AQI SR. COMPLIANCE MANAGER	40.00	Highest	$0	$40,804	$178,597
HUBERT KORDYLEWSKI	AQI SYSTEMS ARCHITECT	40.00	Highest	$0	$47,929	$200,018
BENJAMIN WESTLAKE	AQI SR. APP DEVELOPER MANA	40.00	Highest	$0	$29,629	$171,323

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	$2,714,496	$2,922,520	$488,119	$-208,024
2023	$2,413,428	$2,738,630	$284,268	$-325,202
2022	$2,212,897	$2,834,347	$618,027	$-621,450
2021	$2,769,196	$2,960,168	$1,043,301	$-190,972
2020	$2,505,419	$3,270,631	$1,306,058	$-765,212
2019	$4,518,960	$2,560,654	$2,907,961	$1,958,306
2018	$2,922,128	$3,093,541	$130,142	$-171,413