SURGICAL COUNCIL OF RESIDENT EDUCATION

EIN: 453248734

PHILADELPHIA, PA

Total Revenue
$2,141,737
Total Expenses
$1,744,768
Total Assets
$2,551,331
Net Assets
$-187,001
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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
2011
Legal Domicile
PA
Principal Officer
MARY E KLINGENSMITH MD
Phone
2155684000
Tax Period
2018-07-01 to 2019-06-30

SURGICAL COUNCIL OF RESIDENT EDUCATION, founded in 2011, is a community nonprofit that reported $2.1M in total revenue in fiscal year 2018. The organization ran a surplus of $397K, a strong 19% operating margin.

Mission

SCORE IS A NONPROFIT CONSORTIUM OF THE PRINCIPAL ORGANIZATIONS INVOLVED IN US SURGICAL EDUCATION. SCORE'S MISSION IS TO IMPROVE THE EDUCATION OF THE RESIDENTS (TRAINEES) IN GENERAL SURGERY AND RELATED SPECIALTIES THROUGH THE DEVELOPMENT OF A NATIONAL CURRICULUM.

Program Service Accomplishments

Program 1
Expenses: $1,501,030 Revenue: $2,122,982

SCORE PROVIDES HIGH QUALITY EDUCATIONAL CONTENT IN SUPPORT OF THE SCORE CURRICULUM TO RESIDENTS, RESIDENCY PROGRAMS AND INDIVIDUALS IN TRAINING VIA THE SCORE PORTAL ON THE ORGANIZATION'S WEBSITE. THE...

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SCORE PROVIDES HIGH QUALITY EDUCATIONAL CONTENT IN SUPPORT OF THE SCORE CURRICULUM TO RESIDENTS, RESIDENCY PROGRAMS AND INDIVIDUALS IN TRAINING VIA THE SCORE PORTAL ON THE ORGANIZATION'S WEBSITE. THE SCORE CURRICULUM IS DESIGNED TO DEFINE THE SPECIALTY OF GENERAL SURGERY AND PROVIDE GREATER ASSURANCE THAT RESIDENTS ARE RECEIVING SUFFICIENT TRAINING IN ALL AREAS. THE CURRICULUM FOCUSES ON THE FIVE YEARS OF PROGRESSIVE EDUCATION AND TRAINING THAT CONSTITUTE GENERAL SURGERY RESIDENCY IN THE U.S., AFTER MEDICAL SCHOOL BUT PRIOR TO INDEPENDENT PRACTICE. THE CURRICULUM IS BEING DEVELOPED IN ACCORDANCE WITH THE SIX COMPETENCIES REQUIRED OF A GRADUATING RESIDENT: PATIENT CARE AND PROCEDURAL SKILLS; MEDICAL KNOWLEDGE; PROFESSIONALISM; COMMUNICATION; PRACTICE-BASED LEARNING; AND SYSTEMS-BASED PRACTICE. SCORE BEGAN ITS CURRICULUM DEVELOPMENT WITH THE PATIENT CARE AND MEDICAL KNOWLEDGE COMPONENTS AND IS NOW ADDRESSING THE OTHER COMPETENCIES.

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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%)

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Financial Overview (2018)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $2,122,982
Investment Income $18,755
Other Revenue $0
TOTAL REVENUE $2,141,737

Expense Breakdown

Grants Paid $0
Salaries & Benefits $436,335
Fundraising Expenses $0
Program Expenses $1,501,030
Other Expenses $1,308,433
TOTAL EXPENSES $1,744,768

Year-over-Year Comparison

2018 2017 Change
Revenue $2,141,737 $2,033,884 +0.1%
Expenses $1,744,768 $1,639,633 +0.1%
Net Income $396,969 $394,251 +0.0%
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

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Governance

Voting Members
4
Independent Members
1
Employees
3
Volunteers
475

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
3
$543,152
Total Directors
6
$1,762,813
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARK A MALANGONI MD DIRECTOR/FORMER PRESIDENT(7/1-10/1) 8.00
Officer Director
$101,453 $35,888 $543,152
MARY KLINGENSMITH MD VP(7/1-10/1), ACTING PRES(PRESENT) 18.00
Officer Director
$0 $0 $0
AMIT RT JOSHI MD DIRECTOR(7/1-10/1) VP(10/1-PRESENT) 4.00
Officer Director
$0 $0 $0
BRUCE A PERLER MD DIRECTOR 0.50
Director
$0 $6,969 $239,269
JO BUYSKE MD DIRECTOR 1.00
Director
$0 $35,814 $795,462
MARK J HICKEY SCORE COO, DIRECTOR(10/1-PESENT) 40.00
Director
$150,859 $34,071 $184,930
JESSICA A SCHREADER ABS COO 2.00
Highest
$7,647 $32,715 $185,644
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
2019 $2,141,737 $1,744,768 $2,551,331 $396,969
2019 $920,308 $694,539 No data $225,769
2018 $2,033,884 $1,639,633 $3,823,651 $394,251
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