INSTITUTE FOR BASIC AND APPLIED RESEARCH IN SURGERY INC (EIN 363297771) - 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

1984

Legal Domicile

Principal Officer

ALEXANDER FARRELL JD

Phone

6127519323

Tax Period

2023-07-01 to 2024-06-30

INSTITUTE FOR BASIC AND APPLIED RESEARCH IN SURGERY INC, founded in 1984, is a small nonprofit in the Diseases & Disorders sector that reported $100K in total revenue in fiscal year 2023. Revenue surged 67% from the prior year, signaling strong growth momentum. The organization ran a surplus of $19K, a strong 19% operating margin.

Mission

TO PROVIDE PROMISING YOUNG SURGICAL INVESTIGATORS ADDITIONAL RESEARCH FUNDING SUPPORT THROUGHOUT NORTH AMERICA.

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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 (2023)

Revenue Breakdown

Contributions & Grants $22,720

Program Service Revenue $0

Investment Income $57,631

Other Revenue $20,067

TOTAL REVENUE $100,418

Expense Breakdown

Grants Paid $0

Salaries & Benefits $73,058

Fundraising Expenses $7,727

Program Expenses $55,350

Other Expenses $8,267

TOTAL EXPENSES $81,325

Year-over-Year Comparison

	2023	2022	Change
Revenue	$100,418	$60,120	+0.7%
Expenses	$81,325	$101,529	-0.2%
Net Income	$19,093	$-41,409	-1.5%

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

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

$67,105

Total Directors

$67,105

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SARAH E KOSTIAL	EXECUTIVE DIRECTOR	40.00	Officer Director	$67,105	$0	$67,105
ALEXANDER J FARRELL	CHAIR	5.00	Director	$0	$0	$0
WARREN SCHUBERT	DIRECTOR	1.00	Director	$0	$0	$0
JO BARTA	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL A SALTZMAN MD PHD	DIRECTOR	1.00	Director	$0	$0	$0
PAUL WOJDA	DIRECTOR	1.00	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
2025	No data	No data	No data	No data
2024	$100,418	$81,325	$1,908,211	$19,093
2023	$60,120	$101,529	$1,797,572	$-41,409
2022	$69,681	$372,931	$1,800,136	$-303,250
2021	$98,363	$120,489	$2,403,609	$-22,126
2020	$188,688	$418,079	$1,922,445	$-229,391
2019	$230,550	$407,745	$2,171,368	$-177,195
2018	$190,038	$296,754	$2,150,828	$-106,716

INSTITUTE FOR BASIC AND APPLIED RESEARCH IN SURGERY INC