RIH ORTHOPAEDIC FOUNDATION INC (EIN 050400128) - 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

1982

Legal Domicile

Principal Officer

WEBER SHILL

Phone

4014571504

Tax Period

2024-01-01 to 2024-12-31

RIH ORTHOPAEDIC FOUNDATION INC, founded in 1982, is a community nonprofit that reported $5.8M in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.3M, a strong 23% operating margin.

Mission

SUPPLEMENTAL INFORMATION TO FORM 990ENGAGING IN MEDICAL RESEARCH AS A MEANS OF SEEKING TO PROVIDE TEACHING SERVICES TO MEDICAL STUDENTS AT THE WARREN ALPERT MEDICAL SCHOOL OF BROWN UNIVERSITY AND TO GRADUATES OF MEDICAL SCHOOLS WHO ARE IN POST-GRADUATE TRAINING PROGRAMS; AND PROVIDE ADMINISTRATIVE SERVICES IN HOSPITAL MEDICAL AND SURGICAL CARE, AND PARTICULARLY PROVIDING SUCH ADMINISTRATIVE SERVICES TO THE VARIOUS MEDICAL AND SURGICAL DEPARTMENTS OF RHODE ISLAND HOSPITAL.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,381,624

Program Service Revenue $4,135,423

Investment Income $179,521

Other Revenue $145,647

TOTAL REVENUE $5,842,215

Expense Breakdown

Grants Paid $66,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $4,349,506

Other Expenses $4,459,194

TOTAL EXPENSES $4,525,194

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,842,215	$4,517,733	+0.3%
Expenses	$4,525,194	$4,285,581	+0.1%
Net Income	$1,317,021	$232,152	+4.7%

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

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

$2,459,218

Total Directors

$2,466,718

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EDWARD AKELMAN MD	PRESIDENT	20.00	Officer Director	$0	$70,712	$2,444,218
QIAN CHEN PHD	TRUSTEE	40.00	Director	$7,500	$0	$7,500
JOSEPH J CRISCO PHD	TREASURER	40.00	Officer Director	$7,500	$0	$7,500
BRADEN C FLEMING PHD	SECRETARY	40.00	Officer Director	$7,500	$0	$7,500

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	$5,842,215	$4,525,194	$9,276,986	$1,317,021
2023	$4,517,733	$4,285,581	$7,788,752	$232,152
2022	$4,667,638	$4,847,810	$7,891,692	$-180,172
2021	$8,596,679	$4,249,771	$8,806,507	$4,346,908
2020	$3,002,842	$3,163,707	$4,391,803	$-160,865
2019	$2,670,587	$3,369,894	$4,618,589	$-699,307
2018	$1,964,384	$3,623,710	$5,470,484	$-1,659,326

RIH ORTHOPAEDIC FOUNDATION INC