CHARLOTTE, NC
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)ORTHOCAROLINA RESEARCH INSTITUTE INC, founded in 2002, is a community nonprofit in the Medical Research sector that reported $1.8M in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $2.3M exceeded revenue, resulting in a 25% operating deficit.
THE ORTHOCAROLINA RESEARCH INSTITUTE (OCRI) IS AN INDEPENDENT, NON-PROFIT 501(C)3 THAT EXISTS TO FACILITATE RELEVANT ORTHOPEDIC RESEARCH WHICH ADVANCES ORTHOPEDIC TREATMENTS, IMPROVES QUALITY OF LIFE FOR PATIENTS, AND EDUCATES THE MEDICAL COMMUNITY.
THE INSTITUTE'S MISSION AND PRIORITIES ARE CENTRALLY FOCUSED ON (1) IMPROVED ORTHOPEDIC PATIENT CARE AND (2) HIGH QUALITY EVIDENCE-BASED RESEARCH TO DEVELOP NEW AND INNOVATIVE ORTHOPEDIC DEVICES AND...
THE INSTITUTE'S MISSION AND PRIORITIES ARE CENTRALLY FOCUSED ON (1) IMPROVED ORTHOPEDIC PATIENT CARE AND (2) HIGH QUALITY EVIDENCE-BASED RESEARCH TO DEVELOP NEW AND INNOVATIVE ORTHOPEDIC DEVICES AND TECHNOLOGIES WHOSE GOAL IS TO ANSWER CLINICAL QUESTIONS FOR IMPROVED OUTCOMES. THE INSTITUTE LEADS ONGOING FDA-REGULATED CLINICAL TRIALS AND INVESTIGATOR-INITIATED SCIENTIFIC ACADEMIC STUDIES. RESEARCH IS DISSEMINATED THROUGH PEER REVIEWED JOURNAL PUBLICATIONS WITH GREATER THAN 85 PUBLICATIONS ANNUALLY.
OPERATION WALK CAROLINAS PROVIDES HIP AND KNEE JOINT REPLACEMENT SURGERIES AT NO COST TO PATIENTS IN UNDERSERVED COUNTRIES WHO HAVE NO ACCESS TO THIS LEVEL OF CARE. IN ADDITION, THE MEDICAL TEAM...
OPERATION WALK CAROLINAS PROVIDES HIP AND KNEE JOINT REPLACEMENT SURGERIES AT NO COST TO PATIENTS IN UNDERSERVED COUNTRIES WHO HAVE NO ACCESS TO THIS LEVEL OF CARE. IN ADDITION, THE MEDICAL TEAM SPENDS TIME TEACHING THE ORTHOPEDIC SURGEONS, NURSES, PHYSICAL THERAPISTS AND OTHER HEALTHCARE PROFESSIONALS IN THAT COUNTRY ON THE MOST ADVANCED TECHNIQUES AND TREATMENTS FOR DISEASES OF THE HIP AND KNEE JOINTS IN ORDER TO BETTER SERVE THEIR PATIENTS. HEALTHCARE PROFESSIONALS FROM THE CHARLOTTE AREA NON-PROFIT HOSPITAL SYSTEMS COLLABORATE WITH THE ORTHOCAROLINA PHYSICIAN TEAM TO COMPLETE SURGERIES ON THOSE MOST SEVERE CASES.
THE INSTITUTE'S MISSION IS FOCUSED ON ADVANCING BOTH RESEARCH AND EDUCATION IN ORTHOPEDICS. THE ORTHOCAROLINA RESEARCH INSTITUTE HOSTS AN EDUCATIONAL CME (CONTINUING MEDICAL EDUCATION) SYMPOSIUM...
THE INSTITUTE'S MISSION IS FOCUSED ON ADVANCING BOTH RESEARCH AND EDUCATION IN ORTHOPEDICS. THE ORTHOCAROLINA RESEARCH INSTITUTE HOSTS AN EDUCATIONAL CME (CONTINUING MEDICAL EDUCATION) SYMPOSIUM, KNOWN AS OSCAR MILLER DAY, FOR 350-400 ORTHOPEDIC PROVIDERS AND ALLIED HEALTH CARE PROFESSIONALS EACH YEAR. THIS SYMPOSIUM IS OVER 40 YEARS OLD AND IS MARKETED TO THE SOUTHEASTERN U.S. TOPICS ARE ROTATED ANNUALLY.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $1,847,078 | $1,579,440 | +0.2% |
| Expenses | $2,302,760 | $2,039,263 | +0.1% |
| Net Income | $-455,682 | $-459,823 | 0.0% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| WILLIAM GRIFFIN MD | BOARD DIRECTOR | 0.10 |
Director
|
$0 | $0 | $0 |
| PATRICK M CONNOR | BOARD DIRECTOR | 0.10 |
Director
|
$0 | $0 | $0 |
| WALTER B BEAVER MD | BOARD DIRECTOR | 0.10 |
Director
|
$0 | $0 | $0 |
| JOHN L FRALEY JR | BOARD DIRECTOR | 0.10 |
Director
|
$0 | $0 | $0 |
| RICHARD E THIGPEN | BOARD DIRECTOR | 0.10 |
Director
|
$0 | $0 | $0 |
| FRED R JONES | BOARD DIRECTOR | 0.50 |
Director
|
$0 | $0 | $0 |
| MORRY JOHNSTON | BOARD DIRECTOR | 0.10 |
Director
|
$0 | $0 | $0 |
| CLENN GASTON MD | CHAIRMAN | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| CHARLES EAST III | BOARD DIRECTOR | 0.50 |
Director
|
$0 | $0 | $0 |
| BRANDON BOYD | BOARD DIRECTOR | 0.10 |
Director
|
$0 | $0 | $0 |
| VELVA WOOLEN | BOARD DIRECTOR | 0.10 |
Director
|
$0 | $0 | $0 |
| HARVEY GANTT | BOARD DIRECTOR | 0.10 |
Director
|
$0 | $0 | $0 |
| BRUCE DARDEN MD | BOARD DIRECTOR | 0.50 |
Director
|
$0 | $0 | $0 |
| KENT ELLINGTON MD | BOARD DIRECTOR | 0.10 |
Director
|
$0 | $0 | $0 |
| JOE HSU MD | BOARD DIRECTOR | 0.10 |
Director
|
$0 | $0 | $0 |
| TOM SMITH | BOARD DIRECTOR | 0.50 |
Director
|
$0 | $0 | $0 |
| CHRISTI CADD | EXECUTIVE DIRECTOR | 45.00 |
Officer
|
$139,009 | $25,477 | $164,486 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $1,847,078 | $2,302,760 | $3,695,403 | $-455,682 |
| 2022 | $1,579,440 | $2,039,263 | $3,834,315 | $-459,823 |
| 2021 | $2,899,567 | $2,251,473 | $4,697,920 | $648,094 |
| 2020 | $2,006,703 | $2,133,587 | $3,763,254 | $-126,884 |
| 2019 | $3,188,371 | $3,077,243 | $3,694,363 | $111,128 |
| 2018 | $1,981,676 | $2,118,532 | $3,166,904 | $-136,856 |
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