ASES FOUNDATION (EIN 363313192) - 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

2016

Legal Domicile

Principal Officer

JULIE BISHOP MD

Phone

8476981629

Tax Period

2024-01-01 to 2024-12-31

ASES FOUNDATION, founded in 2016, is a community nonprofit that reported $4.1M in total revenue in fiscal year 2024. Revenue surged 137% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.7M, a strong 42% operating margin.

Mission

THE MISSION OF THE ORGANIZATION IS TO FOSTER SCIENTIFIC ADVANCES AND ENHANCE THE STUDY OF SHOULDER AND ELBOW SURGERY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $3,678,718

Program Service Revenue $150,770

Investment Income $271,333

Other Revenue $210

TOTAL REVENUE $4,101,031

Expense Breakdown

Grants Paid $1,233,344

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,949,105

Other Expenses $1,138,996

TOTAL EXPENSES $2,372,340

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,101,031	$1,731,452	+1.4%
Expenses	$2,372,340	$1,522,917	+0.6%
Net Income	$1,728,691	$208,535	+7.3%

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

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
THOMAS W THROCKMORTON MD	TRUSTEE	1.00	Director	$0	$0	$0
JULIE BISHOP MD	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
JOSEPH A ABBOUD MD	CHAIR	1.00	Officer Director	$0	$0	$0
FRANCES CUOMO MD	TRUSTEE	1.00	Director	$0	$0	$0
JOSEPH ZUCKERMAN MD	TRUSTEE	1.00	Director	$0	$0	$0
IAN R BRYAM MD	TRUSTEE	1.00	Director	$0	$0	$0
PETER B MACDONALD MD	PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
PAUL M SETHI MD	TRUSTEE	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
2024	$4,101,031	$2,372,340	$8,732,414	$1,728,691
2023	$1,731,452	$1,522,917	$6,166,369	$208,535
2022	$1,911,127	$1,608,264	$5,579,098	$302,863
2021	$1,238,897	$568,806	$5,928,281	$670,091
2020	$762,308	$537,939	$4,767,522	$224,369
2019	$894,801	$501,543	$4,418,313	$393,258
2018	$1,687,734	$428,029	$3,561,608	$1,259,705

ASES FOUNDATION