GLOBAL ARTHROSCOPY FOUNDATION

EIN: 364431754 501(c)(3)

NORTHBROOK, IL

Total Revenue
$745
Total Expenses
$292,706
Total Assets
N/A
Net Assets
N/A
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
IL
Principal Officer
GREG PALUTSIS
Phone
8472727491
Tax Period
2020-01-01 to 2020-12-31

GLOBAL ARTHROSCOPY FOUNDATION, founded in 2001, is a micro nonprofit that reported $745 in total revenue in fiscal year 2020. Revenue fell 80% from the prior year — a significant decline worth monitoring. Expenses of $293K exceeded revenue, resulting in a 39189% operating deficit.

Mission

TO TEACH DOCTORS IN DEVELOPING NATIONS TO PERFORM ARTHROSCOPIC MEDICAL PROCEDURES

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $745
Other Revenue $0
TOTAL REVENUE $745

Expense Breakdown

Grants Paid $279,890
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $279,890
Other Expenses $12,816
TOTAL EXPENSES $292,706

Year-over-Year Comparison

2020 2019 Change
Revenue $745 $3,698 -0.8%
Expenses $292,706 $7,323 +39.0%
Net Income $-291,961 $-3,625 +79.5%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HOWARD J SWEENEY MD PRESIDENT 10.00
Officer Director
$0 $0 $0
JAMES C ESCH MD SECRETARY 1.00
Officer Director
$0 $0 $0
GREGORY PALUTSIS MD TREASURER 1.00
Officer 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
2020 $745 $292,706 No data $-291,961
2019 $3,698 $7,323 $292,202 $-3,625
2018 $2,651 $14,052 $295,827 $-11,401
Explore More Nonprofits
→Top 100 Nonprofits in Illinois →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare GLOBAL ARTHROSCOPY FOUNDATION with other nonprofits in Illinois and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.