Foundation of Orthopedics and Complex Spine Inc (EIN 134047356) - 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

1998

Legal Domicile

Principal Officer

Oheneba Boachie-Adjei MD

Phone

2123087731

Tax Period

2023-01-01 to 2023-12-31

Foundation of Orthopedics and Complex Spine Inc, founded in 1998, is a small nonprofit in the Medical Research sector that reported $753K in total revenue in fiscal year 2023. Expenses of $864K exceeded revenue, resulting in a 15% operating deficit.

Mission

To obtain resources of human capital, monetary, in-kind, restricted and non-restricted gifts and grants to help provide access to optimal orthopedic and spine care for the underserved in Ghana and other countries.

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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 $484,930

Program Service Revenue $0

Investment Income $108

Other Revenue $267,803

TOTAL REVENUE $752,841

Expense Breakdown

Grants Paid $342,393

Salaries & Benefits $34,843

Fundraising Expenses $640

Program Expenses $706,833

Other Expenses $487,245

TOTAL EXPENSES $864,481

Year-over-Year Comparison

	2023	2022	Change
Revenue	$752,841	$740,929	+0.0%
Expenses	$864,481	$823,462	+0.0%
Net Income	$-111,640	$-82,533	+0.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
OHENEBA BOACHIE-ADJEI MD	Founder and CEO	1.00	Officer Director	$0	$0	$0
KWADWO BOACHIE-ADJEI	Chairman	1.00	Officer Director	$0	$0	$0
Antoinette Duah	Board Member	1.00	Director	$0	$0	$0
EDWARD BAIDEN	Board Member	1.00	Officer Director	$0	$0	$0
Ryan Normandeau	Board Member	1.00	Director	$0	$0	$0
Gbolabo Sokunbi	Board Member	1.00	Director	$0	$0	$0
ROLAN AKOSAH	Board Member	1.00	Director	$0	$0	$0
MARY ANNE CHOO	Board Member	1.00	Director	$0	$0	$0
ANDREW COHN	Board Member	1.00	Director	$0	$0	$0
MICHAEL CONNOR	Board Member	1.00	Director	$0	$0	$0
PAUL M COOKE MD	Board Member	1.00	Director	$0	$0	$0
HAN JO KIM MD	Board Member	1.00	Director	$0	$0	$0
ERIC MAJOR	Board Member	1.00	Director	$0	$0	$0
Kei Yamamoto	Board Member	1.00	Director	$0	$0	$0
Irene Wulff MD	Board Member	1.00	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
2024	No data	No data	No data	No data
2023	$752,841	$864,481	$1,239,463	$-111,640
2022	$740,929	$823,462	$1,387,371	$-82,533
2021	$518,962	$489,471	$1,400,092	$29,491
2020	$3,314,300	$2,828,615	$1,362,582	$485,685
2019	$3,740,286	$3,687,052	$877,363	$53,234
2018	$2,792,208	$3,155,857	$830,008	$-363,649
2018	$2,792,208	$3,155,857	$830,008	$-363,649
2018	$2,496,126	$2,805,084	$840,435	$-308,958
2017	$1,989,039	$3,475,961	$1,154,138	$-1,486,922

Foundation of Orthopedics and Complex Spine Inc