PREVENTABLE SURPRISES INC

EIN: 845187476 501(c)(3)

BROOKLYN, NY

Total Revenue
$217,189
Total Expenses
$230,897
Total Assets
$9,021
Net Assets
$8,971
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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
2020
Legal Domicile
NY
Principal Officer
MICHAEL MUSURACA
Phone
3475510273
Tax Period
2022-01-01 to 2022-12-31

PREVENTABLE SURPRISES INC, founded in 2020, is a small nonprofit that reported $217K in total revenue in fiscal year 2022. Revenue surged 295% from the prior year, signaling strong growth momentum.

Mission

PREVENTABLE SURPRISES WORK WITH PROFESSIONALS WHO SHARE ASPIRATIONS FOR A SUSTAINABLE AND ETHICAL FINANCIAL SYSTEM TO CHALLENGE THE STATUS QUO AND PROPOSE AMBITIOUS SOLUTIONS TO THE SYSTEMIC FAILURES THAT THE FINANCIAL SYSTEM IS ACCELERATING.

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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 (2022)

Revenue Breakdown

Contributions & Grants $217,189
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $217,189

Expense Breakdown

Grants Paid $0
Salaries & Benefits $169,743
Fundraising Expenses $0
Program Expenses $218,653
Other Expenses $61,154
TOTAL EXPENSES $230,897

Year-over-Year Comparison

2022 2021 Change
Revenue $217,189 $55,000 +2.9%
Expenses $230,897 $51,492 +3.5%
Net Income $-13,708 $3,508 -4.9%
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

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Governance

Voting Members
3
Independent Members
3
Employees
1
Volunteers
10

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
$158,333
Total Directors
3
$158,333
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEROME TAGGER Treasurer 40.00
Officer Director
$158,333 $0 $158,333
MICHAEL MUSURACA Chairman 2.00
Officer Director
$0 $0 $0
DAVID PONET Secretary 0.50
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
2022 $217,189 $230,897 $9,021 $-13,708
2021 $55,000 $51,492 $22,679 $3,508
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