THE ILLINOIS ORTHOPAEDIC FOUNDATION

EIN: 300208620 501(c)(3) Medical Research

GLENVIEW, IL

Total Revenue
$46,900
Total Expenses
$3,017
Total Assets
$44,229
Net Assets
$44,229
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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
IL
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

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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 (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

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Governance

Voting Members
3
Independent Members
3
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
0
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
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
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