THE ILLINOIS ORTHOPAEDIC FOUNDATION

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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

2003

Legal Domicile

Principal Officer

DR CHADWICK PRODROMOS

Phone

8476996810

Tax Period

2019-01-01 to 2019-12-31

THE ILLINOIS ORTHOPAEDIC FOUNDATION, founded in 2003, is a micro nonprofit in the Medical Research sector that reported $47K in total revenue in fiscal year 2019. Revenue surged 1240% from the prior year, signaling strong growth momentum. The organization ran a surplus of $44K, a strong 94% operating margin.

Mission

THE PURPOSE OF THE CORPORATION IS TO SERVE AS AN EDUCATIONAL, RESEARCH AND CHARITABLE ORGANIZATION TO CONDUCT MEDICAL RESEARCH IN ORTHOPAEDICS

Program Service Accomplishments

Program 1

MEDICAL RESEARCH IN ORTHOPAEDICS RELATED TO KNEE AND JOINT

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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 (2019)

Revenue Breakdown

Contributions & Grants $46,900

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $46,900

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,017

Other Expenses $3,017

TOTAL EXPENSES $3,017

Year-over-Year Comparison

	2019	2018	Change
Revenue	$46,900	$3,500	+12.4%
Expenses	$3,017	$5,380	-0.4%
Net Income	$43,883	$-1,880	-24.3%

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALTHEA PRODROMOS	TREASURER	N/A	Director	$0	$0	$0
DR CHADWICK PRODROMOS	PRESIDENT	N/A	Director	$0	$0	$0
JOHN SOTOS	SECRETARY	N/A	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
2019	$46,900	$3,017	$44,229	$43,883
2018	$3,500	$5,380	$346	$-1,880