PROCEDURAL LEARNING AND SAFETY COLLABORATIVE INC

EIN: 472025950 501(c)(3) Education

Boston, MA

Total Revenue
$2,663,546
Total Expenses
$2,540,428
Total Assets
$712,572
Net Assets
$217,729
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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
2014
Legal Domicile
ME
Principal Officer
GREGORY M WNUK
Phone
7346150056
Tax Period
2023-01-01 to 2023-12-31

PROCEDURAL LEARNING AND SAFETY COLLABORATIVE INC, founded in 2014, is a community nonprofit in the Education sector that reported $2.7M in total revenue in fiscal year 2023. Revenue surged 284% from the prior year, signaling strong growth momentum. Expenses of $2.5M left a modest 5% surplus.

Mission

TO IMPROVE THE EDUCATION OF PHYSICIANS AND OTHER HEALTHCARE PROFESSIONALS THROUGH THE DEVELOPMENT, DISTRIBUTION, AND RESEARCH OF METHODOLGIES FOCUSED ON IMPROVING FEEDBACK AND EVALUATION OF TRAINEES.

Program Service Accomplishments

Program 1
Expenses: $2,405,331

TO IMPROVE THE EDUCATION OF PHYSICIANS AND OTHER HEALTHCARE PROFESSIONALS THROUGH THE DEVELOPMENT, DISTRIBUTION, AND RESEARCH OF METHODOLGIES FOCUSED ON IMPROVING FEEDBACK AND EVALUATION OF TRAINEES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,663,546
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $2,663,546

Expense Breakdown

Grants Paid $81,250
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $2,405,331
Other Expenses $2,459,178
TOTAL EXPENSES $2,540,428

Year-over-Year Comparison

2023 2022 Change
Revenue $2,663,546 $694,302 +2.8%
Expenses $2,540,428 $652,712 +2.9%
Net Income $123,118 $41,590 +2.0%
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
7
Independent Members
7
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
3
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRIAN C GEORGE EXECUTIVE DIRECTOR 001.00
Officer Director
$0 $0 $0
JAMES KORNDORFFER CHAIR 001.00
Officer Director
$0 $0 $0
GREGORY M WNUK TREASURER SECRETARY 001.00
Officer Director
$0 $0 $0
TYLER LOFTUS DIRECTOR 001.00
Director
$0 $0 $0
HOLLY CARETTA-WEYER DIRECTOR 001.00
Director
$0 $0 $0
SARAH JUNG DIRECTOR 001.00
Director
$0 $0 $0
ANDREAS MEIER DIRECTOR 001.00
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
2024 No data No data No data No data
2023 $2,663,546 $2,540,428 $712,572 $123,118
2022 $694,302 $652,712 $366,201 $41,590
2021 $408,678 $463,182 $19,459 $-54,504
2020 $288,669 $360,574 $11,714 $-71,905
2019 $409,580 $390,453 $83,619 $19,127
2018 $183,010 $132,934 $64,492 $50,076
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