Perioperative Quality Initiatives Inc (EIN 821415538) - Form 990 Financial Analysis & Trantor Score

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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

2017

Legal Domicile

Principal Officer

Michael Grocott BSc MBBS MD

Phone

8379833519

Tax Period

2025-01-01 to 2025-12-31

Perioperative Quality Initiatives Inc, founded in 2017, is a micro nonprofit in the Health Care sector that reported $35K in total revenue in fiscal year 2025. Revenue fell 92% from the prior year — a significant decline worth monitoring. Expenses of $159K exceeded revenue, resulting in a 350% operating deficit.

Mission

Organize a series of consensus conferences on topics of interest related to perioperative medicine. The aim of each is to provide an objective, dispassionate distillation of the literature related to the chosen topics, and from this to produce consensus statements that interpret the available data, identify unanswered questions and offer recommendations to improve patient 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 (2025)

Revenue Breakdown

Contributions & Grants $31,750

Program Service Revenue $0

Investment Income $3,647

Other Revenue $0

TOTAL REVENUE $35,397

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $151,468

Other Expenses $159,143

TOTAL EXPENSES $159,143

Year-over-Year Comparison

	2025	2024	Change
Revenue	$35,397	$428,307	-0.9%
Expenses	$159,143	$283,082	-0.4%
Net Income	$-123,746	$145,225	-1.9%

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
T J Gan MD MBA MHS FRCA	Past President	2.00	Officer Director	$0	$0	$0
Michael Grocott BSc MBBS MD	President	2.00	Officer Director	$0	$0	$0
Timothy Miller MB ChB FRCA	VP & Secretary	2.00	Officer Director	$0	$0	$0
Guy Ludbrook PhDMBBS FANZCA	Board Member	1.00	Director	$0	$0	$0
Anoushka Afonso BS MD	Board Member	1.00	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
2025	$35,397	$159,143	$148,620	$-123,746
2024	$428,307	$283,082	$256,048	$145,225
2023	$65,841	$146,171	$202,640	$-80,330

Perioperative Quality Initiatives Inc