NORTH AMERICAN FETAL THERAPY NETWORK INC (EIN 562629825) - 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

2006

Legal Domicile

Principal Officer

ANTHONY JOHNSON DO

Phone

9526462060

Tax Period

2023-01-01 to 2023-12-31

NORTH AMERICAN FETAL THERAPY NETWORK INC, founded in 2006, is a small nonprofit in the Medical Research sector that reported $194K in total revenue in fiscal year 2023. Revenue surged 45% from the prior year, signaling strong growth momentum. The organization ran a surplus of $37K, a strong 19% operating margin.

Mission

NORTH AMERICAN FETAL THERAPY NETWORK, INC. ("NAFTNET") HAS BEEN ORGANIZED TO FACILITATE THE RESEARCH OF THERAPY FOR FETUSES. THE MEMBERS AND AFFILIATES OF NAFTNET ARE HOSPITALS AND OTHER ORGANIZATIONS WITH FETAL TREATMENT IN NORTH AMERICA HAVING ACTIVE CLINICAL PROGRAMS CENTERS IN FETAL THERAPY. THE PRIMARY FUNCTIONS OF NAFTNET ARE TO PROVIDE A COOPERATIVE CLINICAL RESEARCH NETWORK TO STUDY THE NATURAL HISTORY OF FETAL DISEASE; EVALUATE THERAPEUTIC PRENATAL INTERVENTIONS TO IMPROVE OUTCOMES AND TO MAKE DATA ON FETAL THERAPIES FROM THE MEMBERS AND AFFILIATES AVAILABLE TO RESEARCHERS APPROVED BY NAFTNET. IN ADDITION, NAFTNET WILL FUNCTION AS AN EDUCATIONAL RESOURCE FOR PATIENTS AND FOR HEALTHCARE PROVIDERS AND TRAIN FUTURE LEADERS IN BASIC SCIENCE RESEARCH IN THE FIELD OF FETAL INTERVENTION.

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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 $0

Program Service Revenue $184,022

Investment Income $10,083

Other Revenue $0

TOTAL REVENUE $194,105

Expense Breakdown

Grants Paid $50,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $95,328

Other Expenses $106,576

TOTAL EXPENSES $157,076

Year-over-Year Comparison

	2023	2022	Change
Revenue	$194,105	$133,768	+0.5%
Expenses	$157,076	$56,653	+1.8%
Net Income	$37,029	$77,115	-0.5%

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
RAMESHA PAPANNA MD	CHAIR	N/A	Officer Director	$0	$0	$0
ERIN PERRONE MD	VICE-CHAIR	N/A	Officer Director	$0	$0	$0
MICHAEL ZARETSKY MD	SECRETARY	N/A	Officer Director	$0	$0	$0
ANTHONY JOHNSON DO	TREASURER	N/A	Officer Director	$0	$0	$0
OZAN M BAHTIYAR MD	STEERING COM	N/A	Director	$0	$0	$0
RUSSELL MILLER MD	DIRECTOR	N/A	Director	$0	$0	$0
ANITA MOON-GRADY MD	DIRECTOR	N/A	Director	$0	$0	$0
JULIE MOLDENHAUER MD	DIRECTOR	N/A	Director	$0	$0	$0
JENA MILLER MD	DIRECTOR	N/A	Director	$0	$0	$0
KUOJEN TSAO MD	PAST CHAIR-N	N/A	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	$194,105	$157,076	$583,172	$37,029
2022	$133,768	$56,653	$511,470	$77,115
2021	$104,128	$53,480	$462,752	$50,648
2020	$103,525	$23,412	$391,579	$80,113
2019	$104,850	$141,887	$313,016	$-37,037
2018	$88,875	$28,419	$348,648	$60,456

NORTH AMERICAN FETAL THERAPY NETWORK INC