Rothman Institute Orthopaedic Foun… - Form 990 Financial Data

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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

1984

Legal Domicile

Principal Officer

Ed Tufaro

Phone

2673393684

Tax Period

2023-01-01 to 2023-12-31

Rothman Institute Orthopaedic Foundation, founded in 1984, is a small nonprofit that reported $862K in total revenue in fiscal year 2023. Expenses of $737K left a modest 14% surplus.

Mission

ROTHMAN INSTITUTE ORTHOPAEDIC FOUNDATION ENGAGES IN AND SUPPORTS BASIC SCIENTIFIC CLINICAL RESEARCH IN DISEASES OF THE SKELETAL SYSTEM AND RELATED ACTIVITIES. THE FOUNDATION ALSO DIRECTLY ENGAGES IN AND SUPPORTS OTHER ORGANIZATIONS WHICH ENGAGE IN RESEARCH AND EDUCATION RELATED TO THE CAUSES, DIAGNOSIS, TREATMENT, PREVENTION, AND CONTROL OF DISEASES OF THE SKELETON IN MAN. THE PRIMARY OBJECTIVES OF ANY RESEARCH PROGRAM ARE TO DEVELOP NEW INFORMATION AND TO DISSEMINATE THIS INFORMATION THROUGH THE PUBLICATION OF ARTICLES AND JOURNALS, THE PRESENTATION OF PAPERS TO MEDICAL AND LAY AUDIENCES, AND NOT TO SATISFY ANY COMMERCIAL OR INDUSTRIAL PURPOSE. THE FOUNDATION DOES NOT ENGAGE IN ACTIVITIES FOR WHICH THE PRIMARY PURPOSE IS TO DIRECTLY PROVIDE TREATMENT OR MEDICAL CARE.

Program Service Accomplishments

Program 1

Expenses: $168,551 Revenue: $0

DIRECT RESEARCH EXPENDITURES AND REIMBURSEMENT OF COSTS TO THOMAS JEFFERSON UNIVERSITY HOSPITAL FOR APPROVED EXPENDITURES IN GENERAL RESEARCH ASSOCIATED WITH ORTHOPAEDIC RESEARCH STUDIES.

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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 $737,797

Program Service Revenue $0

Investment Income $123,724

Other Revenue $0

TOTAL REVENUE $861,521

Expense Breakdown

Grants Paid $535,166

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $168,551

Other Expenses $202,060

TOTAL EXPENSES $737,226

Year-over-Year Comparison

	2023	2022	Change
Revenue	$861,521	$841,170	+0.0%
Expenses	$737,226	$81,506	+8.0%
Net Income	$124,295	$759,664	-0.8%

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

N/A

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	Role	Reportable Comp	Other Comp	Total
ALEXANDER VACCARO	PRESIDENT/DIRECTOR	Officer Director	$0	$0	$0
DEBRA GRUENSTEIN ESQ	DIRECTOR	Director	$0	$0	$0
BILL ROSOFF	director	Director	$0	$0	$0
RAY PENNACCHIA	director	Director	$0	$0	$0
RICHARD BARNHART	director	Director	$0	$0	$0
JOHN O'BRIEN	director	Director	$0	$0	$0
CRAIG LORD	director	Director	$0	$0	$0
CHRISTOPHER BURCH	director	Director	$0	$0	$0
DEAN ADLER	director	Director	$0	$0	$0
ED TUFARO	DIRECTOR	Officer 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	$861,521	$737,226	$4,109,558	$124,295
2022	$841,170	$81,506	$3,979,412	$759,664
2021	$560,988	$272,727	$3,448,732	$288,261
2020	$427,234	$706,593	$2,940,853	$-279,359
2019	$625,190	$540,887	$3,201,455	$84,303
2018	$944,761	$592,386	$2,933,420	$352,375

Rothman Institute Orthopaedic Foundation