World Institute of Pain

EIN: 954579119 501(c)(3) Education

WinstonSalem, NC

Total Revenue
$1,143,915
Total Expenses
$1,033,907
Total Assets
$1,026,068
Net Assets
$775,135
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1993
Legal Domicile
CA
Phone
3368657222
Tax Period
2023-01-01 to 2023-12-31

World Institute of Pain, founded in 1993, is a community nonprofit in the Education sector that reported $1.1M in total revenue in fiscal year 2023. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $1.0M left a modest 10% surplus.

Mission

THE WORLD INSTITUTE OF PAIN (WIP) IS AN ORGANIZATION OF PAIN physicians WHICH PROVIDES MEMBERS WORLDWIDE GUIDANCE TO HELP ALLEVIATE PAIN, PROMOTE HEALTH, PROVIDE EDUCATION AND TRAINING IN PAIN REDUCTION, AND DEVELOP PROTOCOLS AND OUTCOME STUDIES IN PAIN MANAGEMENT.

Program Service Accomplishments

Program 1
Expenses: $563,138 Revenue: $323,936

IN 2023, WIP ENDORSED EDUCATIONAL PROGRAMS ORGANIZED BY FIPP MEMBERS ON PAIN MEDICINE WITH SPECIFIC EMPHASIS ON INTERVENTIONAL TECHNIQUES IN ANTALYA AND ISTANBUL, TURKEY; TAIPEI, TAIWAN; FLORIDA...

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IN 2023, WIP ENDORSED EDUCATIONAL PROGRAMS ORGANIZED BY FIPP MEMBERS ON PAIN MEDICINE WITH SPECIFIC EMPHASIS ON INTERVENTIONAL TECHNIQUES IN ANTALYA AND ISTANBUL, TURKEY; TAIPEI, TAIWAN; FLORIDA, UNITED STATES; AND BUDAPEST, HUNGARY. WIP CONTINUES TO OPERATE AS AN AUTONOMOUS ENTITY, INDEPENDENT OF ANY OTHER ORGANIZATION OR OUTSIDE INFLUENCE, TO FACILITATE THE GLOBAL EXCHANGE BETWEEN PHYSICIANS WHO SPECIALIZE IN PAIN MEDICINE AND SHARE A COMMITMENT TO THE ADVANCEMENT OF KNOWLEDGE AND CLINICAL AND SCIENTIFIC EXPERIENCE FOR THE BENEFIT OF ALL PHYSICIANS AND PATIENT BENEFICIARIES.

Program 2
Expenses: $306,151 Revenue: $600,000

WIP OFFERED PHYSICIAN SPECIALISTS IN PAIN MEDICINE THE OPPORTUNITY TO DEMONSTRATE COMPETENCY IN ADVANCED INTERVENTIONAL PAIN PRACTICE BY PARTICIPATING IN A MULTI-PART EXAM ADMINISTERED BY PEERS IN...

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WIP OFFERED PHYSICIAN SPECIALISTS IN PAIN MEDICINE THE OPPORTUNITY TO DEMONSTRATE COMPETENCY IN ADVANCED INTERVENTIONAL PAIN PRACTICE BY PARTICIPATING IN A MULTI-PART EXAM ADMINISTERED BY PEERS IN THE PROFESSION. SUCCESSFUL CANDIDATES WERE AWARDED CERTIFICATION AS FELLOWS OF INTERVENTIONAL PAIN PRACTICE (FIPP) AND CERTIFIED INTERVENTIONAL PAIN SONOLOGISTS (CIPS). SINCE THE INCEPTION OF THE EXAMINATION PROGRAM IN 2001, WIP AND ITS BOARD OF EXAMINATION HAS CERTIFIED 1,564 PHYSICIANS, REPRESENTING 66 MEMBER COUNTRIES. WIP'S FIPP AND CIPS CERTIFICATION EXAMINATIONS FOR PHYSICIANS ALLEVIATE DISPARITIES IN STANDARDS FOR PHYSICIAN EDUCATION IN THE SPECIALTY OF PAIN MANAGEMENT AND, THEREBY, IMPROVES PATIENT CARE OUTCOMES.

Program 3
Expenses: $25,000 Revenue: $51,347

WIP PROVIDED "PAIN PRACTICE," A SCHOLARLY JOURNAL, TO ITS MEMBERS. SUBSCRIPTIONS ARE A MEMBER BENEFIT. APPROXIMATELY 12% OF SUBSCRIPTIONS WERE DISTRIBUTED CHARITABLY TO PHYSICIANS WHO PRACTICE IN...

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WIP PROVIDED "PAIN PRACTICE," A SCHOLARLY JOURNAL, TO ITS MEMBERS. SUBSCRIPTIONS ARE A MEMBER BENEFIT. APPROXIMATELY 12% OF SUBSCRIPTIONS WERE DISTRIBUTED CHARITABLY TO PHYSICIANS WHO PRACTICE IN UNDERDEVELOPED, DEVELOPING, AND EMERGING COUNTRIES. THESE COUNTRIES INCLUDE Argentina, Azerbaijan, Bangladesh, Bosnia, Brazil, Chile, China, Colombia, Costa Rica, Croatia, Czech Republic, Ecuador, Ethiopia, Georgia, Greece, Guatemala, Guyana, Honduras, Hungary, India, Indonesia, Iran, Iraq, Jordan, Kenya, Latvia, Lithuania, Malawi, Malaysia, Mauritius, Mexico, Namibia, Nigeria, Pakistan, Panama, Philippines, Republic of Georgia, Romania, Russian Federation, Slovak Republic, Slovenia, South Africa, Sri Lanka, Tanzania, Thailand, Turkey, Ukraine, Venezuela, Yugoslavia and Zambia.

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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 $168,632
Program Service Revenue $923,936
Investment Income $0
Other Revenue $51,347
TOTAL REVENUE $1,143,915

Expense Breakdown

Grants Paid $0
Salaries & Benefits $119,371
Fundraising Expenses $0
Program Expenses $894,289
Other Expenses $914,536
TOTAL EXPENSES $1,033,907

Year-over-Year Comparison

2023 2022 Change
Revenue $1,143,915 $1,439,605 -0.2%
Expenses $1,033,907 $1,062,827 0.0%
Net Income $110,008 $376,778 -0.7%
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
9
Independent Members
8
Employees
1
Volunteers
100

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
5
$108,299
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Dominic Hegarty President 2.0
Officer Director
$0 $0 $0
Javier De Andres Honorary Treasurer 1.0
Officer Director
$0 $0 $0
Mert Akbas Honorary Secretary 1.0
Officer Director
$0 $0 $0
Miles R Day President-Elect 1.0
Officer Director
$0 $0 $0
Gabor B Racz Founder 1.0
Director
$0 $0 $0
Peter Staats Past President 1.0
Director
$0 $0 $0
Ricardo Ruiz-Lopez Founder 1.0
Director
$0 $0 $0
Serdar Erdine Founder 1.0
Director
$0 $0 $0
Mark Tolliver Executive Officer 40.0
Officer
$90,156 $18,143 $108,299
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 $1,143,915 $1,033,907 $1,026,068 $110,008
2022 $1,439,605 $1,062,827 $695,280 $376,778
2021 $173,105 $246,419 $325,906 $-73,314
2020 $1,571,335 $1,491,625 $939,665 $79,710
2019 $1,011,925 $1,210,432 $1,217,834 $-198,507
2018 $1,364,169 $1,315,712 $1,131,318 $48,457
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