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)

4 risk indicators measuring financial stability and operational resilience

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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

IMPROVE MOVEMENT AND QUALITY OF LIFE THROUGH INNOVATIVE SOLUTIONS FOR ALLOGRAFT JOINT REPAIR

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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 (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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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
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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