THE ARTHRITIS RESEARCH CENTER FOUNDATION INC (EIN 481223461) - 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

1999

Legal Domicile

Principal Officer

REBECCA SCHUMACHER

Phone

3162632125

Tax Period

2023-01-01 to 2023-12-31

THE ARTHRITIS RESEARCH CENTER FOUNDATION INC, founded in 1999, is a community nonprofit in the Medical Research sector that reported $1.7M in total revenue in fiscal year 2023. Revenue surged 62% from the prior year, signaling strong growth momentum. Expenses of $1.5M left a modest 9% surplus.

Mission

TO INCREASE THE GENERAL BODY OF MEDICAL KNOWLEDGE REGARDING RHEUMATIC DISEASES (ARTHRITIS-RELATED ILLNESSES) BY PERFORMING RESEARCH USING THE DATA BANK AND PUBLISHING THAT RESEARCH IN PEER-REVIEWED MEDICAL JOURNALS. THE CLINICAL RESEARCH IS DESIGNED TO IMPROVE THE TREATMENT AND OUTCOMES OF THESE CONDITIONS.

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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 $1,263,730

Program Service Revenue $414,789

Investment Income $5,236

Other Revenue $9,729

TOTAL REVENUE $1,693,484

Expense Breakdown

Grants Paid $0

Salaries & Benefits $750,013

Fundraising Expenses $0

Program Expenses $1,426,100

Other Expenses $794,543

TOTAL EXPENSES $1,544,556

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,693,484	$1,048,155	+0.6%
Expenses	$1,544,556	$1,588,377	0.0%
Net Income	$148,928	$-540,222	-1.3%

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

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

$87,784

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DONNA HAWLEY PHD	DIRECTOR	1.00	Director	$0	$0	$0
THEODORE PINCUS MD	DIRECTOR	1.00	Director	$0	$0	$0
JAMES R O'DELL MD	DIRECTOR	1.00	Director	$0	$0	$0
HYON CHOI MD	DIRECTOR	1.00	Director	$0	$0	$0
KALEB MICHAUD	DIRECTOR	1.00	Director	$0	$0	$0
REBECCA SCHUMACHER	SECRETARY/TREASURER	40.00	Officer	$87,784	$0	$87,784

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	$1,693,484	$1,544,556	$224,374	$148,928
2022	$1,048,155	$1,588,377	$75,548	$-540,222
2021	$1,758,011	$1,698,435	$615,668	$59,576
2020	$1,363,049	$2,378,775	$761,492	$-1,015,726
2019	$1,137,675	$2,258,454	$1,571,818	$-1,120,779
2018	$1,943,058	$1,995,015	$2,692,645	$-51,957

THE ARTHRITIS RESEARCH CENTER FOUNDATION INC