CARTILAGE RESEARCH FOUNDATION INC (EIN 352146840) - 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

2009

Legal Domicile

Principal Officer

BRIAN COLE MD

Phone

3178845230

Tax Period

2022-01-01 to 2022-12-31

CARTILAGE RESEARCH FOUNDATION INC, founded in 2009, is a small nonprofit in the Medical Research sector that reported $158K in total revenue in fiscal year 2022. Revenue surged 385% from the prior year, signaling strong growth momentum. The organization ran a surplus of $48K, a strong 30% operating margin.

Mission

TO PROMOTE EDUCATION AND SUPPORT BASIC SCIENCES AND CLINICAL RESEARCH IN THE FIELD OF ARTICULAR AND MENISCAL CARTILAGE TO BENEFIT PATIENTS WITH CARTILAGE PATHOLOGY.

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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 (2022)

Revenue Breakdown

Contributions & Grants $39,878

Program Service Revenue $118,108

Investment Income $12

Other Revenue $0

TOTAL REVENUE $157,998

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $108,395

Other Expenses $109,834

TOTAL EXPENSES $109,834

Year-over-Year Comparison

	2022	2021	Change
Revenue	$157,998	$32,568	+3.9%
Expenses	$109,834	$8,929	+11.3%
Net Income	$48,164	$23,639	+1.0%

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

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
BRIAN COLE MD	PRESIDENT	5.00	Officer Director	$0	$0	$0
WAYNE GERSOFF MD	MEMBER	5.00	Director	$0	$0	$0
JACK FARR MD	MEMBER	5.00	Director	$0	$0	$0
ANDREAS GOMOLL MD	TREASURER	5.00	Officer Director	$0	$0	$0
THOMAS MINAS MD	MEMBER	5.00	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
2022	$157,998	$109,834	$397,803	$48,164
2021	$32,568	$8,929	$349,639	$23,639
2020	$1,117	$17,482	$326,000	$-16,365
2019	$93,418	$33,489	$342,365	$59,929
2018	$137,377	$123,284	$282,436	$14,093

CARTILAGE RESEARCH FOUNDATION INC