THE FOUNDATION FOR SPINAL RESTORATION (EIN 461150250) - 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

2011

Legal Domicile

Principal Officer

HYUN W BAE MD

Phone

8559527746

Tax Period

2023-01-01 to 2023-12-31

THE FOUNDATION FOR SPINAL RESTORATION, founded in 2011, is a community nonprofit in the Medical Research sector that reported $1.0M in total revenue in fiscal year 2023. Revenue fell 25% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $695K, a strong 68% operating margin.

Mission

TO FURTHER EVALUATE BIOLOGICS, STEM CELLS, IMPLANTS, AND TO TEST DEVICES AND SURGICAL TECHNIQUES FOR CLINICAL TREATMENT OF DEGENERATIVE DISEASES AND ABNORMALITIES OF THE SPINE.

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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 $620,796

Program Service Revenue $46,138

Investment Income $993

Other Revenue $356,701

TOTAL REVENUE $1,024,628

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $120,302

Other Expenses $330,103

TOTAL EXPENSES $330,103

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,024,628	$1,362,243	-0.2%
Expenses	$330,103	$399,934	-0.2%
Net Income	$694,525	$962,309	-0.3%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HYUN W BAE MD	PRESIDENT	10.00	Officer Director	$0	$0	$0
LINDA E A KANIM	DIRECTOR	0.00	Director	$0	$0	$0
CHARANPREET BAGGA	DIRECTOR	0.00	Director	$0	$0	$0
CAROLINE BAE	DIRECTOR	0.00	Officer	$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	No data	No data	No data	No data
2023	$1,024,628	$330,103	$3,022,256	$694,525
2022	$1,362,243	$399,934	$2,328,204	$962,309
2021	$936,703	$669,878	$1,557,179	$266,825
2020	$519,762	$213,069	$1,290,354	$306,693
2019	$698,941	$380,218	$983,661	$318,723
2018	$858,159	$615,758	$668,857	$242,401

THE FOUNDATION FOR SPINAL RESTORATION