FOCUSED ULTRASOUND FOUNDATION (EIN 205744808) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2006

Legal Domicile

Principal Officer

NEAL F KASSELL

Phone

4342204993

Tax Period

2023-01-01 to 2023-12-31

FOCUSED ULTRASOUND FOUNDATION, founded in 2006, is a mid-sized nonprofit in the Diseases & Disorders sector that reported $17.1M in total revenue in fiscal year 2018. Revenue surged 144% from the prior year, signaling strong growth momentum. The organization ran a surplus of $9.2M, a strong 54% operating margin.

Mission

ORGANIZE, CONDUCT, AND FUND RESEARCH, FOSTER COLLABORATION THROUGH MEETINGS, SYMPOSIA AND WORKSHOPS, CULTIVATE THE NEXT GENERATION THROUGH FELLOWSHIPS AND INTERNSHIPS, AND COLLECT AND DISSEMINATE KNOWLEDGE.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $7,222,527

Program Service Revenue $3,000

Investment Income $1,233,163

Other Revenue $4,282

TOTAL REVENUE $8,462,972

Expense Breakdown

Grants Paid $3,144,239

Salaries & Benefits $6,907,881

Fundraising Expenses $1,452,173

Program Expenses $10,099,896

Other Expenses $3,160,674

TOTAL EXPENSES $13,212,794

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,462,972	$11,598,945	-0.3%
Expenses	$13,212,794	$12,620,729	+0.0%
Net Income	$-4,749,822	$-1,021,784	+3.6%

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

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

$602,286

Total Directors

$515,596

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NEAL F KASSELL	DIRECTOR, CHAIRMAN, PRESIDENT	40.00	Officer Director	$502,128	$13,468	$515,596
JOHN GRISHAM	VICE CHAIRMAN	2.00	Officer Director	$0	$0	$0
FREDERIC H MOLL	DIRECTOR	2.00	Director	$0	$0	$0
DAN JORDAN	DIRECTOR	2.00	Director	$0	$0	$0
STEVE RUSCKOWSKI	DIRECTOR	2.00	Director	$0	$0	$0
SHIRLEY LIN SYARU	DIRECTOR	2.00	Director	$0	$0	$0
WILLIAM A HAWKINS III	DIRECTOR	2.00	Director	$0	$0	$0
CHARLES WICKLIFFE MOORMAN	DIRECTOR	2.00	Director	$0	$0	$0
GARY SHAPIRO	DIRECTOR	2.00	Director	$0	$0	$0
SCOTT BEARDSLEY	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL LINCOLN	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL MILKEN	DIRECTOR	2.00	Director	$0	$0	$0
FREDA LEWIS-HALL	DIRECTOR	2.00	Director	$0	$0	$0
THOMAS RYDER	DIRECTOR	2.00	Director	$0	$0	$0
KURT WOERPEL III	CHIEF FINANCIAL OFFICER	20.00	Officer	$86,690	$0	$86,690
JESSICA FOLEY	CHIEF SCIENTIFIC OFFICER	40.00	Highest	$225,593	$9,553	$235,146
RICK HAMILTON	CHIEF TECHNOLOGY OFFICER	40.00	Highest	$249,547	$39,410	$288,957
TIMOTHY MEAKEM	CHIEF MEDICAL OFFICER	40.00	Highest	$289,726	$40,417	$330,143
EMILY WHITE	DIRECTOR OF OPERATIONS	40.00	Highest	$298,570	$23,304	$321,874
JESSICA LUKENS	MANAGING DIRECTOR	40.00	Highest	$221,012	$8,803	$229,815

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	$8,462,972	$13,212,794	$38,894,407	$-4,749,822
2022	$11,598,945	$12,620,729	$43,272,222	$-1,021,784
2021	$8,886,317	$9,692,922	$44,071,388	$-806,605
2020	$30,828,788	$8,677,147	$46,366,004	$22,151,641
2019	$10,228,881	$9,800,175	$24,091,678	$428,706
2018	$17,056,993	$7,848,550	$23,355,298	$9,208,443
2018	$17,056,993	$7,848,550	$23,355,298	$9,208,443

FOCUSED ULTRASOUND FOUNDATION