GLOBAL SURGICAL INITIATIVES INC

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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

2018

Legal Domicile

Principal Officer

DR MICHAEL MARIN MD

Phone

2122415392

Tax Period

2023-01-01 to 2023-12-31

GLOBAL SURGICAL INITIATIVES INC, founded in 2018, is a community nonprofit in the Health Care sector that reported $3.0M in total revenue in fiscal year 2023. The organization ran a surplus of $792K, a strong 27% operating margin.

Mission

GLOBAL SURGICAL INITIATIVES, INC. MISSION IS TO BREAK THE BARRIERS OF THE SURGICAL CARE BY PROVIDING SAFE AND AFFORDABLE SURGERIES IN RESOURCE-CONSTRAINED RURAL COMMUNITIES OF THE WORLD. THE PROGRAMS ARE SUPPORTED PRIMARILY THROUGH CONTRIBUTIONS.

Program Service Accomplishments

Program 1

Expenses: $2,038,063 Revenue: $2,947,715

TO SUPPORT THE CONSTRUCTION, MAINTENANCE AND ASSISTANCE TO THE KYABIRWA SURGICAL CENTRE IN UGANDA WHICH PROVIDES VARIOUS AMBULATORY SURGICAL PROCEDURES TO THE COMMUNITY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,947,715

Program Service Revenue $0

Investment Income $23,155

Other Revenue $0

TOTAL REVENUE $2,970,870

Expense Breakdown

Grants Paid $2,031,072

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,038,063

Other Expenses $147,455

TOTAL EXPENSES $2,178,527

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,970,870	$2,938,790	+0.0%
Expenses	$2,178,527	$1,562,890	+0.4%
Net Income	$792,343	$1,375,900	-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

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
MICHAEL MARIN MD	PRESIDENT	20.00	Officer Director	$0	$0	$0
MAURICE CARPER	TREASURER	20.00	Officer Director	$0	$0	$0
JEANNE FRANCK MD	SECRETARY	10.00	Officer 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	$2,970,870	$2,178,527	$2,525,775	$792,343
2022	$2,938,790	$1,562,890	$1,729,805	$1,375,900
2021	$581,870	$618,762	$53,747	$-36,892
2020	$505,980	$516,321	$91,627	$-10,341
2019	$837,966	$767,998	$113,441	$69,968