ORTHOCAROLINA RESEARCH INSTITUTE INC (EIN 010648145) - 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

2002

Legal Domicile

Principal Officer

CHRISTI CADD

Phone

7043232260

Tax Period

2023-01-01 to 2023-12-31

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.

Mission

TO PROMOTE, DEVELOP AND CONDUCT STATE OF THE ART SCIENTIFIC RESEARCH AND EDUCATIONAL PROGRAMS FOR THE ADVANCEMENT OF ORTHOPEDIC CARE. OCRI WORKS BOTH INDEPENDENTLY AS WELL AS IN COLLABORATIONS WITH UNIVERSITIES, HOSPITALS, PHARMACEUTICAL AND DEVICE COMPANIES AND OTHER ACADEMIC AND RESEARCH ORGANIZATIONS TO FURTHER PROMOTE THE MISSION.

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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 $989,188

Program Service Revenue $507,419

Investment Income $350,471

Other Revenue $0

TOTAL REVENUE $1,847,078

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $164,498

Program Expenses $1,659,247

Other Expenses $2,250,260

TOTAL EXPENSES $2,302,760

Year-over-Year Comparison

	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%

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

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

$164,486

Total Directors

Key Employees

Highest Compensated

reported

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

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	$1,847,078	$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

ORTHOCAROLINA RESEARCH INSTITUTE INC