Association for the Advancement of Restorative Medicine Inc (EIN 273206259) - Form 990 Financial Analysis & Trantor Score

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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

2010

Legal Domicile

Principal Officer

Michael Friedman ND

Phone

8669622276

Tax Period

2024-01-01 to 2024-12-31

Association for the Advancement of Restorative Medicine Inc, founded in 2010, is a small nonprofit in the Health Care sector that reported $217K in total revenue in fiscal year 2024. Revenue fell 35% from the prior year — a significant decline worth monitoring.

Mission

Organization provides education, clinical research and cutting edge protocols which empower physicians to more effectively treat their patients and build their practices through the use of herbal, nutritional, and bio-identical hormone medicines.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $217,327

Investment Income $0

Other Revenue $0

TOTAL REVENUE $217,327

Expense Breakdown

Grants Paid $0

Salaries & Benefits $91,200

Fundraising Expenses $0

Other Expenses $140,752

TOTAL EXPENSES $231,952

Year-over-Year Comparison

	2024	2023	Change
Revenue	$217,327	$333,208	-0.3%
Expenses	$231,952	$393,277	-0.4%
Net Income	$-14,625	$-60,069	-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

$30,000

Total Directors

$31,200

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jennifer Palmer	Program Director	15.00		$60,000	$0	$60,000
Michael Friedman ND	Exec. Dir./Pres	10.00	Officer Director	$30,000	$0	$30,000
Joseph Rosado	Board President	4.00	Director	$1,200	$0	$1,200
Karan Baucom MD	Board Member	0.25	Director	$0	$0	$0
Ivan Paz ND	Board Chair	0.25	Director	$0	$0	$0
Paula Woods	Sec./Treasurer	2.00	Officer	$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	$217,327	$231,952	$54,996	$-14,625
2023	$333,208	$393,277	$77,946	$-60,069
2022	$305,303	$287,516	$124,340	$17,787
2021	$338,858	$315,661	$132,277	$23,197
2020	$349,836	$262,926	$97,662	$86,910
2019	$666,958	$681,401	$30,753	$-14,443
2018	$615,884	$561,094	$95,665	$54,790

Association for the Advancement of Restorative Medicine Inc