JOINT RESTORATION FOUNDATION INC

EIN: 205839402 501(c)(3) Health Care

CENTENNIAL, CO

Total Revenue
$77,141,318
Total Expenses
$74,708,021
Total Assets
$20,559,516
Net Assets
$11,170,997
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
DE
Principal Officer
KEITH BYERS
Phone
8772556727
Tax Period
2024-01-01 to 2024-12-31

JOINT RESTORATION FOUNDATION INC, founded in 2006, is a mid-sized nonprofit in the Health Care sector that reported $77.1M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $74.7M left a modest 3% surplus.

Mission

THE MISSION OF JOINT RESTORATION FOUNDATION IS TO IMPROVE QUALITY OF LIFE THROUGH INNOVATIVE SOLUTIONS FOR ALLOGRAFT JOINT REPAIR.

Program Service Accomplishments

Program 1
Expenses: $68,611,106 Revenue: $76,941,909

DISTRIBUTION: THE JOINT RESTORATION FOUNDATION (THE ORGANIZATION) MAXIMIZES THE GIFT OF HUMAN DONATED TISSUE BY RESTORING MOVEMENT AND ENHANCING THE QUALITY OF LIFE FOR RECIPIENTS OF THIS TISSUE. AS...

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DISTRIBUTION: THE JOINT RESTORATION FOUNDATION (THE ORGANIZATION) MAXIMIZES THE GIFT OF HUMAN DONATED TISSUE BY RESTORING MOVEMENT AND ENHANCING THE QUALITY OF LIFE FOR RECIPIENTS OF THIS TISSUE. AS THE LEADING PROVIDER OF FRESH CARTILAGE ALLOGRAFTS FOR JOINT REPAIR, AND ONE OF THE NATION'S LARGEST PROVIDERS OF ALLOGRAFT TISSUE FOR SPORTS MEDICINE, THE ORGANIZATION WORKS WITH THE MEDICAL COMMUNITY TO MATCH CLINICAL INDICATIONS WITH THE CORRECTLY SIZED ALLOGRAFT TISSUE TO ENABLE SUCCESSFUL OUTCOMES (ENHANCED MOBILITY) FOR OVER 4,000 RECIPIENTS WE HELP ANNUALLY. THE ORGANIZATION'S STAFF ARE FULLY TRAINED ON THE USE OF ALLOGRAFT TISSUE, ENABLING THEM TO DISCUSS OPTIONS WITH SURGEONS AND OTHER MEDICAL PERSONNEL.

Program 2
Expenses: $2,472,623

GRANTS, RESEARCH AND CHARITABLE CONTRIBUTIONS: JOINT RESTORATION FOUNDATION (THE ORGANIZATION) SPONSORS VARIOUS UNIVERSITY RESEARCH PROGRAMS WITH THE EXPECTATION THAT THROUGH INNOVATION, INGENUITY...

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GRANTS, RESEARCH AND CHARITABLE CONTRIBUTIONS: JOINT RESTORATION FOUNDATION (THE ORGANIZATION) SPONSORS VARIOUS UNIVERSITY RESEARCH PROGRAMS WITH THE EXPECTATION THAT THROUGH INNOVATION, INGENUITY AND COMMITMENT THE BEST CLINICAL RESULTS FOR PATIENTS CAN BE ACHIEVED. BASED ON THESE RESEARCH EFFORTS AND COLLABORATIONS WITH EXTERNAL MEDICAL ADVISORS, THE ORGANIZATION HAS ONGOING PROGRAMS FOR IMPROVING THE PROCESSING OF ALLOGRAFT TISSUE. TYPICAL RESULTS ARE GREATER AMOUNTS OF USABLE TISSUE, SATISFYING THE DESIRE OF DONORS AND THEIR FAMILIES TO HELP OTHERS. THE ORGANIZATION ALSO PROVIDES ALLOGRAFT TISSUE FOR STUDIES TO FURTHER PROMOTE IMPROVED PATIENT OUTCOMES THROUGH THE USE OF ALLOGRAFTS. IN ADDITION, JOINT RESTORATION FOUNDATION SUPPORTS 501(C)(3) ORGANIZATIONS BY MAKING GRANTS TO PROMOTE DONATION AWARENESS AND EDUCATION.

Program 3
Expenses: $262,282

EDUCATION: JOINT RESTORATION FOUNDATION (THE ORGANIZATION) ANNUALLY CONDUCTS/SUPPORTS 6-8 EDUCATIONAL SYMPOSIUMS, SURGICAL TRAINING COURSES, AND HANDS-ON CLINICAL SESSIONS WITH SURGEONS AND ALLIED...

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EDUCATION: JOINT RESTORATION FOUNDATION (THE ORGANIZATION) ANNUALLY CONDUCTS/SUPPORTS 6-8 EDUCATIONAL SYMPOSIUMS, SURGICAL TRAINING COURSES, AND HANDS-ON CLINICAL SESSIONS WITH SURGEONS AND ALLIED HEALTHCARE PROVIDERS TO AFFECT POSITIVE SURGICAL OUTCOMES FOR PATIENTS USING ALLOGRAFT TISSUE. ANOTHER CRITICAL COMPONENT OF THE ORGANIZATION'S EDUCATION AND SERVICE IS ATTENDANCE AND SPONSORSHIP OF 6-8 NATIONALLY RECOGNIZED SURGICAL CONFERENCES. SURGEONS AND RELATED STAFF ARE ABLE TO LEARN ABOUT THE TECHNOLOGY PROVIDED BY THE ORGANIZATION AND BECOME MORE FAMILIAR WITH TECHNICAL ADVANCES USING ALLOGRAFT TISSUE.

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $76,941,909
Investment Income $199,409
Other Revenue $0
TOTAL REVENUE $77,141,318

Expense Breakdown

Grants Paid $2,300,863
Salaries & Benefits $5,638,116
Fundraising Expenses $0
Program Expenses $71,346,011
Other Expenses $66,769,042
TOTAL EXPENSES $74,708,021

Year-over-Year Comparison

2024 2023 Change
Revenue $77,141,318 $69,440,734 +0.1%
Expenses $74,708,021 $67,959,547 +0.1%
Net Income $2,433,297 $1,481,187 +0.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
4
Independent Members
3
Employees
35
Volunteers
4

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
4
$782,869
Total Directors
5
$432,248
Key Employees
1
$202,816
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KEITH BYERS PRESIDENT & EXECUTIVE DIRECTOR 40.00
Officer Director
$367,295 $64,953 $432,248
DEAN ELLIOTT BOARD MEMBER 1.00
Director
$0 $0 $0
DANIEL L HOOD FORMER BOARD MEMBER 1.00
Director
$0 $0 $0
KEVIN SMITH SECRETARY/TREASURER 1.00
Officer Director
$0 $0 $0
DIANE WILSON BOARD CHAIR 1.00
Officer Director
$0 $0 $0
MICHAEL PALLESCHI VP - FINANCE & OPERATIONAL STRATEGY 40.00
Officer
$290,033 $60,588 $350,621
KATE HANSBERGER-LARSON VP - STRATEGIC GROWTH & CUST. CARE 40.00
Key Emp
$189,617 $13,199 $202,816
DAVID WILKE CLINICAL RESEARCH DIRECTOR 40.00
Highest
$302,047 $56,159 $358,206
DINA PASQUINO COMPLIANCE DIRECTOR 40.00
Highest
$289,144 $52,677 $341,821
AARON MORENG DIRECTOR OF BUSINESS PROCESS & TECH. 40.00
Highest
$162,489 $48,762 $211,251
CHRISTOPHER BYCZKO MARKETING MANAGER 40.00
Highest
$139,648 $44,567 $184,215
KATHRYN HANZLICEK DIRECTOR OF OPERATIONS 40.00
Highest
$155,690 $27,671 $183,361
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 $77,141,318 $74,708,021 $20,559,516 $2,433,297
2023 $69,440,734 $67,959,547 $18,145,191 $1,481,187
2022 $59,570,714 $59,680,515 $15,557,425 $-109,801
2021 $55,049,158 $55,140,257 $15,337,890 $-91,099
2020 $49,644,351 $48,360,687 $16,574,503 $1,283,664
2019 $50,429,247 $50,202,283 $12,648,365 $226,964
2018 $42,682,123 $41,621,408 $11,222,246 $1,060,715
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