Neurosurgery Research and Education Foundation (EIN 462905743) - 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

2013

Legal Domicile

Principal Officer

Katherine O Orrico

Phone

8473780500

Tax Period

2022-07-01 to 2023-06-30

Neurosurgery Research and Education Foundation, founded in 2013, is a community nonprofit in the Medical Research sector that reported $2.0M in total revenue in fiscal year 2022. Revenue fell 32% from the prior year — a significant decline worth monitoring. Expenses of $3.1M exceeded revenue, resulting in a 56% operating deficit.

Mission

NREF supports basic science and clinical research, as well as life-long education, to foster improved outcomes for our patients with neurosurgical diseases.

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,319,171

Program Service Revenue $906,500

Investment Income $-233,852

Other Revenue $0

TOTAL REVENUE $1,991,819

Expense Breakdown

Grants Paid $1,888,000

Salaries & Benefits $683,517

Fundraising Expenses $343,827

Program Expenses $2,148,224

Other Expenses $517,821

TOTAL EXPENSES $3,098,338

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,991,819	$2,938,037	-0.3%
Expenses	$3,098,338	$3,190,399	0.0%
Net Income	$-1,106,519	$-252,362	+3.4%

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

$831,729

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Adam S Arthur	Chair	2.50	Officer Director	$0	$0	$0
Michael W Groff	Chair (until 04/2023)	2.50	Officer Director	$0	$0	$0
Charles L Branch Jr	Vice-Chair	2.50	Officer Director	$0	$0	$0
Sepideh Amin-Hanjani	Treasurer	2.50	Officer Director	$0	$0	$0
Gregory J Zipfel	Secretary	2.50	Officer Director	$0	$0	$0
Aviva Abosch	Director (until 04/2023)	2.50	Director	$0	$0	$0
Frederick G Barker II	Director	2.50	Director	$0	$0	$0
Mohamad Bydon	Director	2.50	Director	$0	$0	$0
E Chiocca	Director	2.50	Director	$0	$0	$0
J Flagg Flanagan	Director	2.50	Director	$0	$0	$0
John Joseph Knightly	Director (until 04/2023)	2.50	Director	$0	$0	$0
James T Rutka	Director	2.50	Director	$0	$0	$0
Michael Y Wang	Director	2.50	Director	$0	$0	$0
Stacey Wolfe	Director	2.50	Director	$0	$0	$0
Kathleen T Craig	CEO	5.00	Officer	$0	$45,855	$593,599
Carol Jones	CFO (As of 01/2023)	5.00	Officer	$0	$0	$0
Kathryn A Dattomo	CDO (until 03/2023)	2.50	Officer	$0	$46,906	$238,130
Michael A Chabraja	Legal Counsel	3.50	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$1,991,819	$3,098,338	$34,381,230	$-1,106,519
2022	$2,938,037	$3,190,399	$17,113,606	$-252,362
2021	$3,758,109	$3,028,571	$17,360,321	$729,538
2020	$3,635,284	$2,936,761	$13,869,571	$698,523
2019	$4,194,244	$3,000,555	$12,390,596	$1,193,689
2018	$4,551,145	$2,811,505	$10,638,435	$1,739,640

Neurosurgery Research and Education Foundation