FOUNDATION FOR SURGICAL INNOVATION

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2010

Legal Domicile

Phone

5032810561

Tax Period

2020-01-01 to 2020-12-31

FOUNDATION FOR SURGICAL INNOVATION, founded in 2010, is a micro nonprofit in the Health Care sector that reported $33K in total revenue in fiscal year 2020. Revenue fell 77% from the prior year — a significant decline worth monitoring. Expenses of $56K exceeded revenue, resulting in a 71% operating deficit.

Mission

To support quality in research and education in the field of Minimally Invasive Surgery.

Program Service Accomplishments

Program 1

Expenses: $34,393 Revenue: $350

Surgical continuing education course benefiting about 50 surgeons, nurses and allied health professionals focusing on minimally invasive surgical therapies for abdominal cancers.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $32,637

Program Service Revenue $350

Investment Income $10

Other Revenue $0

TOTAL REVENUE $32,997

Expense Breakdown

Grants Paid $0

Salaries & Benefits $12,000

Fundraising Expenses $0

Program Expenses $34,393

Other Expenses $44,470

TOTAL EXPENSES $56,470

Year-over-Year Comparison

	2020	2019	Change
Revenue	$32,997	$145,992	-0.8%
Expenses	$56,470	$142,832	-0.6%
Net Income	$-23,473	$3,160	-8.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$12,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR CHRISTY DUNST	Executive Dir.	4.00	Officer	$12,000	$0	$12,000
DR KEVIN REAVIS	LAB DIRECTOR	0.25	Director	$0	$0	$0
DR MIKE UJIKI	Director	0.25	Director	$0	$0	$0
DR ROBERT GLASGOW	Director	0.25	Director	$0	$0	$0
DR LEE SWANSTROM	President	0.25	Officer	$0	$0	$0
DR MICHAEL M AWAD	Secretary	0.25	Officer	$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
2020	$32,997	$56,470	$505,310	$-23,473
2019	$145,992	$142,832	$528,783	$3,160
2018	$97,265	$104,009	$546,670	$-6,744