TRIA ORTHOPAEDIC CENTER RESEARCH INSTITUTE

EIN: 200033919 501(c)(3)

BLOOMINGTON, MN

Total Revenue
$854,796
Total Expenses
$2,167,590
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
MN
Principal Officer
BRADLEY NELSON MD
Phone
9528835121
Tax Period
2022-01-01 to 2022-12-31

TRIA ORTHOPAEDIC CENTER RESEARCH INSTITUTE, founded in 2003, is a small nonprofit that reported $855K in total revenue in fiscal year 2022. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $2.2M exceeded revenue, resulting in a 154% operating deficit.

Mission

RESEARCH AND EDUCATION IS AT THE CORE OF WHO WE ARE. TRIA ORTHOPAEDIC CENTER RESEARCH INSTITUTE, HOUSED WITHIN TRIA ORTHOPAEDIC CENTER, ADVANCES THE SCIENCE OF ORTHOPAEDIC MEDICINE THROUGH A RICH BLEND OF EDUCATION AND RESEARCH PROGRAMS.

Program Service Accomplishments

Program 1
Expenses: $2,110,040 Revenue: $444,692

HEALTH PROFESSIONAL EDUCATION TRIA ORTHOPEDIC RESEARCH INSTITUTE PROVIDES EDUCATIONAL OPPORTUNITIES FOR FELLOWS, RESIDENTS, MEDICAL STUDENTS, AND STUDENTS IN MULTIPLE MEDICAL EDUCATIONAL PROGRAMS TO...

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HEALTH PROFESSIONAL EDUCATION TRIA ORTHOPEDIC RESEARCH INSTITUTE PROVIDES EDUCATIONAL OPPORTUNITIES FOR FELLOWS, RESIDENTS, MEDICAL STUDENTS, AND STUDENTS IN MULTIPLE MEDICAL EDUCATIONAL PROGRAMS TO ROTATE IN OUR CLINIC AND SURGERY CENTER. TRIA SURGICAL SKILLS LAB OFFERS A SIMULATED OPERATING ROOM ENVIRONMENT FOR FELLOWS, RESIDENTS, AND OTHER HEALTH PROFESSIONALS TO LEARN AND REFINE THEIR SURGICAL SKILLS. TRIA'S EDUCATION GOALS ARE (1) TO PROVIDE EDUCATIONAL OPPORTUNITIES TO THE COMMUNITY IN ORDER TO ENHANCE MUSCULOSKELETAL CARE, (2) TO SUPPORT SURGICAL SKILLS EDUCATION OF RESIDENTS, FELLOWS, SURGEONS, AND OTHER MEDICAL PROFESSIONALS, AND (3) TO ADVANCE ORTHOPEDIC EDUCATION OF STUDENTS, MEDICAL STUDENTS, RESIDENTS, AND FELLOWS. TRIA ORTHOPEDIC RESEARCH INSTITUTE IS LOCATED WITHIN TRIA ORTHOPEDIC CENTER IN BLOOMINGTON, MN. ORTHOPEDIC SURGICAL TRAINING LABS: TRIA ORTHOPEDIC CENTER RESEARCH INSTITUTE PROVIDES EDUCATION TO ORTHOPEDIC RESIDENTS AND FELLOWS. TRIA CONDUCTED SURGICAL TRAINING LABS FOR SKILLS ENHANCEMENT AND NEW TECHNIQUES. TRIA ORTHOPEDIC CENTER RESEARCH INSTITUTE HAD 70 LABS, TRAINING MORE THAN 540 INDIVIDUALS ON VARIOUS SURGICAL TECHNIQUES. TRIA FELLOWS PERFORMED 1,450 PROCEDURES IN 2022. FOR THE YEAR, THE INSTITUTE HAD EIGHT FELLOWS, MORE THAN 50 RESIDENTS, MORE THAN 40 MEDICAL STUDENTS, AND 150 ANCILLARY STUDENTS ROTATE AT ONE OF OUR SITES. ADDITIONALLY, 109 STUDENTS REGISTERED FOR THE DAY IN THE LIFE PROGRAM, AND 30 ADDITIONAL OBSERVATIONS WERE COORDINATED. A DAY IN THE LIFE OF AN ORTHOPEDIC SPECIALIST A DAY IN THE LIFE OF AN ORTHOPEDIC SPECIALIST IS A DAY VISIT PROGRAM WHERE GUESTS CAN EXPERIENCE A TYPICAL ROUTINE OF AN ORTHOPEDIC SPECIALIST. THE PROGRAM OBJECTIVE IS TO GAIN A GENERAL INTRODUCTION TO TRIA ORTHOPEDIC CENTER AND THE ORTHOPEDIC PROFESSION, BECOME ACQUAINTED WITH THE SPECIFIC ROLES OF DIFFERENT ORTHOPEDIC SPECIALISTS, ALLOWING FOR FUTURE OPPORTUNITIES TO DIRECTLY OBSERVE A SPECIALIST IN A CLINICAL OR AMBULATORY ENVIRONMENT, AND TO OBTAIN A CLEAR UNDERSTANDING OF THE REQUIREMENTS AND EDUCATION NEEDED TO PURSUE A CAREER IN VARIOUS ORTHOPEDIC CAREERS, INTRODUCTION TO AVAILABLE RESOURCES AND HOW TO UTILIZE THEM. PRIMARY AREAS OF FOCUS INCLUDE: PHYSICAL THERAPY, PHYSICIAN ASSISTANT, ORTHOPEDIC SURGEON, MEDICAL SCHOOL, RESIDENCY, AND FELLOWSHIP. DURING THE TRIA EXPERIENCE, PARTICIPANTS HEAR ABOUT TRIA'S PHILOSOPHY ON PATIENT CENTERED CARE, LEARN ABOUT A FEW OF OUR UNIQUE PROGRAMS, AND VIEW A PREVIOUSLY RECORDED ACL RECONSTRUCTION. OUR EDUCATION COORDINATOR WORKS WITH PARTICIPANTS TO SCHEDULE A FOUR-HOUR OBSERVATION WITHIN THREE MONTHS OF THE PROGRAM. IN 2022 WE CONTINUED OUR VIRTUAL OFFERING OF THIS PROGRAM. RESEARCH AT TRIA, WE BALANCE MEASURING PATIENT REPORTED OUTCOMES, WHICH CAN BE CONSIDERED SMALL CONTINUOUS IMPROVEMENTS, WITH INNOVATIVE RESEARCH STUDIES, WHICH ARE THOSE GRAND ADVANCEMENTS IN ORTHOPEDIC CARE. THESE RESEARCH STUDIES EXPLORE THE LATEST IN MEDICAL DEVICES, INSTRUMENTS, IMPLANTS, METHODS AND PROCEDURES. ORTHOPEDIC SURGICAL RESEARCH: TRIA ORTHOPEDIC CENTER RESEARCH INSTITUTE CONDUCTS RESEARCH IN ORTHOPEDIC AND SURGICAL OUTCOMES FOR IMPROVED PATIENT CARE. TRIA ORTHOPEDIC CENTER RESEARCH INSTITUTE ENROLLED MORE THAN 90 PATIENTS ACROSS 11 CLINICAL TRIALS AND COMPLETED MORE THAN 270 STUDY VISITS. WE ALSO LAUNCHED TWO CLINICAL TRIALS. WE SUBMITTED TWO NIH RESEARCH GRANT APPLICATIONS, RECEIVED A SUB-AWARD ON A DEPARTMENT OF LABOR PROJECT IN COLLABORATION WITH ANOTHER INSTITUTION, MADE PRESENTATIONS AT LOCAL, REGIONAL, AND NATIONAL MEETINGS, PUBLISHED BOOK CHAPTERS, AND SUBMITTED OUR RESEARCH WORK TO BE SHARED IN SCHOLARLY JOURNALS. PATIENT OUTCOMES: TRIA ORTHOPEDIC CENTER RESEARCH INSTITUTE COLLECTS PATIENT REPORTED OUTCOMES ACROSS MULTIPLE SURGICAL DIAGNOSES. AS WE ARE STRIVE TO DIFFERENTIATE OUR USE OF PATIENT REPORTED OUTCOMES, WE INITIATED WORK TO IMPLEMENT A SYSTEM WIDE, SCALABLE PLATFORM TO SEND AND RECEIVE PATIENT REPORTED AND CLINICAL INFORMATION OUTSIDE OF A CLINIC VISIT. IN 2022, TRIA ORTHOPEDIC CENTER RESEARCH INSTITUTE AND ENROLLED MORE THAN 15,000 PATIENTS IN ITS OUTCOMES PROGRAM.

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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 (2022)

Revenue Breakdown

Contributions & Grants $410,104
Program Service Revenue $444,692
Investment Income $0
Other Revenue $0
TOTAL REVENUE $854,796

Expense Breakdown

Grants Paid $154
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $2,110,040
Other Expenses $2,167,436
TOTAL EXPENSES $2,167,590

Year-over-Year Comparison

2022 2021 Change
Revenue $854,796 $691,178 +0.2%
Expenses $2,167,590 $1,839,120 +0.2%
Net Income $-1,312,794 $-1,147,942 +0.1%
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
N/A
Employees
N/A
Volunteers
11

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
3
$2,177,434
Total Directors
9
$6,525,319
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DEBORAH C BOHN MD TREASURER 3.00
Officer Director
$0 $34,110 $491,969
GARY FETZER MD SECRETARY 3.00
Officer Director
$0 $86,371 $668,093
BRADLEY NELSON MD CHAIR 3.00
Officer Director
$0 $32,888 $1,017,372
MICHAEL R WALSH MD DIRECTOR 3.00
Director
$0 $82,793 $1,071,577
MARC TOMPKINS MD DIRECTOR 3.00
Director
$0 $28,773 $587,920
NICO P PRONK PHD DIRECTOR 3.00
Director
$0 $129,661 $610,780
STEVE C HOUSH DIRECTOR 3.00
Director
$0 $62,630 $480,201
THOMAS M WALSH MD DIRECTOR 3.00
Director
$0 $90,569 $1,089,843
KEVIN R RONNEBERG MD DIRECTOR 3.00
Director
$0 $62,117 $507,564
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
2022 $854,796 $2,167,590 No data $-1,312,794
2021 $691,178 $1,839,120 $166,886 $-1,147,942
2020 $409,054 $1,523,539 $77,361 $-1,114,485
2019 $710,860 $2,020,958 $104,167 $-1,310,098
2018 $560,068 $1,828,533 $125,069 $-1,268,465
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