THE ROBERT M PALMER MD INSTITUTE OF BIOMECHANICS INC

EIN: 352194526 501(c)(3)

ELWOOD, IN

Total Revenue
$143,855
Total Expenses
$76,542
Total Assets
$331,754
Net Assets
$324,356
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
IN
Principal Officer
PAM HAIG
Phone
7655577216
Tax Period
2019-01-01 to 2019-12-31

THE ROBERT M PALMER MD INSTITUTE OF BIOMECHANICS INC, founded in 2001, is a small nonprofit that reported $144K in total revenue in fiscal year 2019. Revenue surged 29% from the prior year, signaling strong growth momentum. The organization ran a surplus of $67K, a strong 47% operating margin.

Mission

TO FULFILL THE COMMITMENT TO ROBERT M. PALMER, MD TO EDUCATE ORTHOPEDIC PHYSICIANS ON THE ADVANCES IN FOOT AND ANKLE BIOMECHANICS THROUGH TREATMENT MODALITIES UTILIZED WITHIN PEDORTHIC FIELD OF MEDICINE. RMPI ALSO, PROMOTES A HEALTHY DRUG FREE ENVIRONMENT TO BE PROACTIVE TOWARDS THE PREVENTION OF INJURY, OVER USE OR ABUSE. WE SEEK TO INSPIRE THOSE WHO COME IN CONTACT WITH OUR ORGANIZATION.

Program Service Accomplishments

Program 1
Expenses: $63,800 Revenue: $143,075

SUPERFEET WORLDWIDE LLC SPONSORS THE FLEET FEET CORPORATION WITH A PRIVATE EDUCATIONAL SCHOLARSHIP TO ATTEND THE RMPI; TEACHING PEDOTHRIC BIOMECHANICS TO THOSE WHO QUALIFY FOR THE EXECUTIVE...

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SUPERFEET WORLDWIDE LLC SPONSORS THE FLEET FEET CORPORATION WITH A PRIVATE EDUCATIONAL SCHOLARSHIP TO ATTEND THE RMPI; TEACHING PEDOTHRIC BIOMECHANICS TO THOSE WHO QUALIFY FOR THE EXECUTIVE SCHOLARSHIP.

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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 $780
Program Service Revenue $125,184
Investment Income $17,891
Other Revenue $0
TOTAL REVENUE $143,855

Expense Breakdown

Grants Paid $0
Salaries & Benefits $25,418
Fundraising Expenses $0
Program Expenses $63,800
Other Expenses $51,124
TOTAL EXPENSES $76,542

Year-over-Year Comparison

2019 2018 Change
Revenue $143,855 $111,671 +0.3%
Expenses $76,542 $97,778 -0.2%
Net Income $67,313 $13,893 +3.8%
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

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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
2
Independent Members
2
Employees
2
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
2
$23,281
Total Directors
2
$23,281
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PAM HAIG CPED VICE PRESIDENT 40.00
Officer Director
$13,369 $0 $13,369
JOSEPH M HAIG OST CPED TREASURER 40.00
Officer Director
$9,912 $0 $9,912
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 $143,855 $76,542 $331,754 $67,313
2018 $111,671 $97,778 $267,891 $13,893
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