MUSCULOSKELETAL TRANSPLANT FOUNDATION INC

EIN: 222803458 501(c)(3) Health Care

EDISON, NJ

Total Revenue
$493,471,813
Total Expenses
$488,670,194
Total Assets
$323,206,971
Net Assets
$110,214,171
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Financial Trends

Organization Details

Formation Year
1987
Legal Domicile
DC
Principal Officer
JOSEPH A YACCARINO
Phone
7326610202
Tax Period
2023-01-01 to 2023-12-31

MUSCULOSKELETAL TRANSPLANT FOUNDATION INC, founded in 1987, is a major nonprofit in the Health Care sector that reported $493.5M in total revenue in fiscal year 2023.

Mission

MUSCULOSKELETAL TRANSPLANT FOUNDATION, INC. ("MTF- OR THE "FOUNDATION") IS DEDICATED TO PROVIDING QUALITY ALLOGRAFT TISSUE FOR TRANSPLANTATION THROUGH A COMMITMENT TO EXCELLENCE IN EDUCATION, RESEARCH, RECOVERY, AND CARE FOR RECIPIENTS, DONORS AND THEIR FAMILIES. MTF CONTINUES TO PROMOTE THE HEALTH AND WELFARE OF THE GENERAL PUBLIC BY (1) MAXIMIZING THE AVAILABILITY OF HIGH QUALITY HUMAN TISSUE INCLUDING BONE, DERMAL AND BIRTH TISSUE; 2) SUPPORTING MEDICAL, SCIENTIFIC AND OTHER EDUCATIONAL RESEARCH WITH RESPECT TO TISSUE DONATION, RECOVERY AND TRANSPLANTATION; AND(3) EDUCATING THE GENERAL PUBLIC WITH RESPECT TO THE IMPORTANCE AND BENEFITS OF TISSUE DONATION AND TRANSPLANTATION. MTF WAS INCORPORATED ON JANUARY 30, 1987, AS A DISTRICT OF COLUMBIA NON- PROFIT MEMBERSHIP ORGANIZATION AND IS A 501(C) (3)ORGANIZATION. THERE IS A CRITICAL NEED FOR MUSCULOSKELETAL, CARDIOVASCULAR, SKIN, BIRTH AND OCULAR TISSUE FOR TRANSPLANTATION. IN ORDER TO ACCOMPLISH MTF'S MISSION AND THESE ACTIVITIES, THE

Program Service Accomplishments

Program 1
Expenses: $461,017,053 Revenue: $481,035,486

MTF IS A GLOBAL NONPROFIT ORGANIZATION FOCUSED ON SAVING AND HEALING LIVES, EXPANDING INNOVATION POTENTIAL, HONORING DONATED GIFTS AND SERVING PATIENTS. MTF CONTINUES TO PROVIDE RESEARCH TISSUE AND...

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MTF IS A GLOBAL NONPROFIT ORGANIZATION FOCUSED ON SAVING AND HEALING LIVES, EXPANDING INNOVATION POTENTIAL, HONORING DONATED GIFTS AND SERVING PATIENTS. MTF CONTINUES TO PROVIDE RESEARCH TISSUE AND GRANT FUNDING FOR RESEARCH AND DEVELOPMENT PERFORMED BY ACADEMIC CENTERS AND PIONEERING ENTERPRISES. IN 2023 MTF CONTINUED TO PURSUE ITS MISSION, AND MADE TISSUE FORMS AVAILABLE IN THE ORTHOPEDIC, PLASTIC AND RECONSTRUCTIVE SURGERY, AND WOUND CARE MARKETS THROUGH BOTH INTERNAL AND EXTERNAL DISTRIBUTION RELATIONSHIPS. MTF ORTHOPEDICS FOSTERED NEW PARTNERSHIPS AND EXPANDED ITS REACH BY LAUNCHING MULTIPLE NEW TISSUE FORMS IN 2023. THESE INNOVATIONS POSITIONED THE FOUNDATION AND OUR PARTNERS TO HELP MORE PATIENTS, WHILE FURTHER MAXIMIZING THE GIFT OF DONATION. MTF ALSO IMPLEMENTED PROCESS EFFICIENCIES THAT WILL CONTINUE TO UTILIZE THE GIFT OF DONATION AND ALLOWS OUR SURGEON COLLABORATORS TO ELEVATE THEIR CONTINUUM OF CARE. IN THE PLASTIC AND RECONSTRUCTIVE SURGERY DIVISION, MTF CONTINUED TO INNOVATE IN PLASTIC SURGERY, WHILE PROVIDING SURGEON EDUCATION AND TRAINING. CONTINUED FOCUS WAS PLACED ON PROCESSING EFFICIENCIES AND DONOR RECOVERY METHODS TO MAXIMIZE THE GIFT OF DONATION WITH THE HELP OF ORGAN PROCUREMENT ORGANIZATIONS. MTF CONTINUED TO BOLSTER ITS INTER-INDUSTRY PARTNERSHIPS, INCREASING THE AVAILABILITY OF DONATED HUMAN TISSUE, AND THE ABILITY TO BRING HUMAN TISSUE ALLOGRAFTS TO SURGEONS AND PATIENTS. MTF'S WOUND CARE DIVISION CONTINUED GROWING THROUGHOUT 2023, EXPANDING ITS PRESENCE IN THE WOUND HEALING SPACE. MTF GENERATED MORE CLINICAL EFFICACY DATA, AS WELL AS HEALTH CARE ECONOMIC DATA FOR EXPANDED REIMBURSEMENT IN WOUND CARE AND PLASTIC AND RECONSTRUCTIVE SURGERY PROCEDURES, FURTHER ILLUSTRATING THE SAFETY AND VALUE OF ITS TISSUE FORMS. OUR GOAL IS SIMPLE-DO WHAT'S RIGHT FOR PATIENTS, SURGEONS, TISSUE DONORS, AND THEIR FAMILIES THROUGH OUR GUIDING PRINCIPLES: WE TRANSFORM BY PROVIDING SAFE, HIGH-QUALITY GRAFTS FROM DONATED HUMAN TISSUES THAT ARE USED IN A GROWING ARRAY OF CLINICAL FIELDS. WE COLLABORATE BY FORGING RELATIONSHIPS WITH EXPERTS IN TISSUE AND ORGAN RECOVERY, AS WELL AS LEADING PHYSICIANS AND SCIENTISTS, TO ACCELERATE INNOVATION AND ENSURE THE BEST POSSIBLE EXPERIENCES AND OUTCOMES FOR PATIENTS. WE INNOVATE BY ADVANCING THE SCIENCE OF TRANSPLANTATION BY SUPPORTING RESEARCH WITHIN OUR OWN ORGANIZATION AND AMONG CLINICIANS AND RESEARCHERS WORLDWIDE. WE GIVE BACK BY REINVESTING IN RESEARCH TO POSITIVELY AFFECT LIVES ACROSS THE GLOBE. SINCE ITS INCEPTION IN 1987, MTF, THE NATION'S LEADING TISSUE BANK, HAS RECEIVED TISSUE DONATIONS FROM OVER 170,000 DONORS. IN 2023, MTF RECOVERED TISSUE FROM OVER 5,600 DONORS FOR USE IN MUSCULOSKELETAL AND BONE ALLOGRAFT APPLICATIONS, OVER 7,500 DONORS FOR USE IN GENERAL, AND PLASTIC SURGERY APPLICATIONS, OVER 800 BIRTH TISSUE DONORS FOR USE PREDOMINANTLY IN WOUND CARE APPLICATIONS AND OVER 800 DONORS FOR ORGANS AND TISSUES FOR RESEARCH. OVERALL, MTF DISTRIBUTED OVER 550,000 UNITS OF ALLOGRAFT TISSUE DURING 2023. MTF'S MISSION IS TO SAVE AND HEAL LIVES BY HONORING THE DONATED GIFT, SERVING PATIENTS AND ADVANCING SCIENCE. FOR INDIVIDUAL STORIES ABOUT DONOR FAMILIES, PLEASE VISIT MTF BIOLOGICS WEBSITE AT HTTPS://WWW.MTFBIOLOGICS.ORG/WHO-WE-SERVE/DONORS- COMMUNITY/DONORS-FAMILIES. STORIES ABOUT RECIPIENTS ARE ALSO AVAILABLE ON THE WEBSITE AT HTTPS://WWW.MTFBIOLOGICS.ORG/WHO-WE-SERVE/DONORS- COMMUNITY/RECIPIENTS.

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,041,165
Program Service Revenue $481,035,486
Investment Income $2,903,118
Other Revenue $8,492,044
TOTAL REVENUE $493,471,813

Expense Breakdown

Grants Paid $1,000,849
Salaries & Benefits $146,999,247
Fundraising Expenses $0
Program Expenses $461,017,053
Other Expenses $340,670,098
TOTAL EXPENSES $488,670,194

Year-over-Year Comparison

2023 2022 Change
Revenue $493,471,813 $490,881,944 +0.0%
Expenses $488,670,194 $469,345,667 +0.0%
Net Income $4,801,619 $21,536,277 -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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Governance

Voting Members
10
Independent Members
9
Employees
1546
Volunteers
14

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
$2,160,051
Total Directors
12
$253,500
Key Employees
6
$2,868,676
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOSEPH A YACCARINO PRESIDENT/CE 60.00
Officer
$863,875 $50,685 $914,560
MICHAEL J KAWAS TREASURER/CF 60.00
Officer
$673,909 $33,219 $707,128
MARC LONG EXEC R & D 60.00
Key Emp
$491,568 $51,235 $542,803
JENNIFER BIRMINGHAM SECRETARY/GE 60.00
Officer
$487,128 $51,235 $538,363
SARAH BRUSCH SURGICAL CON 50.00
Highest
$479,204 $45,010 $524,214
GEORGE HERRERA EXEC VP DONO 60.00
Key Emp
$459,361 $51,185 $510,546
MICHAEL OLECK EXEC VP OPS 60.00
Key Emp
$454,835 $42,389 $497,224
BRIAN LEUTHNER VP PRS 50.00
Key Emp
$410,768 $46,821 $457,589
AMANDA BLAKEMAN SURGICAL CON 50.00
Highest
$402,872 $40,265 $443,137
KEITH MOROCKO VP CONTRACT 50.00
Highest
$394,947 $47,933 $442,880
MICHAEL ROGERS SURGICAL CON 50.00
Highest
$409,134 $28,551 $437,685
KIMBERLY A ROUNDS VP WOUND CAR 50.00
Key Emp
$411,434 $19,800 $431,234
BRADLEY BAILEY VP ORTHOPEDI 50.00
Key Emp
$384,828 $44,452 $429,280
CALEB CHAMBERLAYN SURGICAL CON 50.00
Highest
$395,892 $32,706 $428,598
MARTHA ANDERSON FORMER EXEC N/A
$193,502 $6,514 $200,016
THOMAS C SHAFFER FORMER EXEC N/A
$169,056 $8,141 $177,197
WILLIAM W TOMFORD MD DIRECTOR 4.00
Director
$75,000 $0 $75,000
DONALD HACKBARTH MD DIRECTOR 1.00
Director
$35,000 $0 $35,000
DAVID KULBER MD DIRECTOR 1.00
Director
$32,250 $0 $32,250
JOSEPH D ZUCKERMAN MD DIRECTOR 1.00
Director
$30,000 $0 $30,000
SYMERIA T HUDSON DIRECTOR 1.00
Director
$28,750 $0 $28,750
JOSEPH A BUCKWALTER MD DIRECTOR 1.00
Director
$27,500 $0 $27,500
SHARON GABRIELSON DIRECTOR 1.00
Director
$25,000 $0 $25,000
JAN FINN DIRECTOR 1.00
Director
$0 $0 $0
ALLAN GROSS MD NON-VOTING D 1.00
Director
$0 $0 $0
GERALD FINERMAN MD NON-VOTING D 1.00
Director
$0 $0 $0
DAVID R MCALLISTER MD DIRECTOR 1.00
Director
$0 $0 $0
JEFFREY P ORLOWSKI DIRECTOR 1.00
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 $493,471,813 $488,670,194 $323,206,971 $4,801,619
2022 $490,881,944 $469,345,667 $324,084,626 $21,536,277
2021 $462,633,042 $445,990,309 $268,255,437 $16,642,733
2020 $411,628,718 $415,749,192 $265,715,338 $-4,120,474
2019 $460,828,632 $453,104,239 $269,396,199 $7,724,393
2018 $431,011,061 $434,753,803 $253,935,661 $-3,742,742
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