ANDREWS RESEARCH & EDUCATION FOUNDATION

EIN: 465182138 501(c)(3) Diseases & Disorders

GULF BREEZE, FL

Total Revenue
$3,597,178
Total Expenses
$2,816,508
Total Assets
$3,004,637
Net Assets
$2,349,852
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
FL
Principal Officer
ASHTON HAYWARD III
Phone
4482277309
Tax Period
2023-01-01 to 2023-12-31

ANDREWS RESEARCH & EDUCATION FOUNDATION, founded in 2014, is a community nonprofit in the Diseases & Disorders sector that reported $3.6M in total revenue in fiscal year 2023. Revenue surged 67% from the prior year, signaling strong growth momentum. The organization ran a surplus of $781K, a strong 22% operating margin.

Mission

TO BE A LEADER IN THE FIELD OF MUSCULOSKELETAL RESEARCH AND EDUCATION IN ORDER TO ADVANCE THE PREVENTION, TREATMENT, AND REHABILITATION OF ATHLETIC INJURIES AND ENHANCE HUMAN PERFORMANCE AND QUALITY OF LIFE FOR PEOPLE OF ALL AGES.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,096,362
Program Service Revenue $440,103
Investment Income $34,658
Other Revenue $26,055
TOTAL REVENUE $3,597,178

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,188,685
Fundraising Expenses $84,328
Program Expenses $2,282,579
Other Expenses $1,627,823
TOTAL EXPENSES $2,816,508

Year-over-Year Comparison

2023 2022 Change
Revenue $3,597,178 $2,151,909 +0.7%
Expenses $2,816,508 $2,416,537 +0.2%
Net Income $780,670 $-264,628 -4.0%
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

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Governance

Voting Members
8
Independent Members
8
Employees
17
Volunteers
10

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
4
$721,408
Total Directors
10
$721,408
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ASHTON HAYWARD PRESIDENT 40.00
Officer Director
$598,809 $8,220 $607,029
ELLIE HARTSFIELD FINANCE DIRECTOR 40.00
Officer Director
$113,692 $687 $114,379
JAMES R ANDREWS CHAIRMAN OF BOARD 1.00
Officer Director
$0 $0 $0
CHAD MCCAMMON VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
ROGER OSTRANDER DIRECTOR 1.00
Director
$0 $0 $0
JERRY PATE DIRECTOR 1.00
Director
$0 $0 $0
STEVE JORDAN DIRECTOR 1.00
Director
$0 $0 $0
ADAM ANZ DIRECTOR 1.00
Director
$0 $0 $0
ERIK NILSSEN DIRECTOR 1.00
Director
$0 $0 $0
J NIXON DANIEL III 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
2024 No data No data No data No data
2023 $3,597,178 $2,816,508 $3,004,637 $780,670
2022 $2,151,909 $2,416,537 $2,342,278 $-264,628
2022 $2,210,312 $1,744,106 $2,298,315 $466,206
2021 $2,011,454 $2,189,188 $2,174,564 $-177,734
2021 $1,958,352 $2,189,082 $2,231,530 $-230,730
2020 $2,798,753 $2,433,081 $2,218,254 $365,672
2019 $2,920,495 $3,116,383 $1,659,982 $-195,888
2018 $2,897,608 $2,851,823 $1,356,421 $45,785
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