FOUNDATION FOR ORTHOPAEDIC RESEARCH AND EDUCATION INC (EIN 593555349) - 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

DEREK PUPELLO

Phone

8139036960

Tax Period

2023-01-01 to 2023-12-31

FOUNDATION FOR ORTHOPAEDIC RESEARCH AND EDUCATION INC, founded in 1999, is a community nonprofit in the Medical Research sector that reported $4.0M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

THE FOUNDATION FOR ORTHOPAEDIC RESEARCH AND EDUCATION, INC. ("FORE") HAS AS ITS PRIMARY MISSION THE ADVANCEMENT OF ORTHOPAEDIC KNOWLEDGE THROUGH RESEARCH AND EDUCATION, WITH THE GOAL OF IMPROVING THE DIAGNOSIS, TREATMENT, AND CARE OF ALL PERSONS WITH MUSCULOSKELETAL DISORDERS.

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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 $1,237,895

Program Service Revenue $2,568,557

Investment Income $38

Other Revenue $195,984

TOTAL REVENUE $4,002,474

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,746,833

Fundraising Expenses $315,349

Program Expenses $3,686,852

Other Expenses $2,590,071

TOTAL EXPENSES $4,336,904

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,002,474	$3,480,202	+0.2%
Expenses	$4,336,904	$3,780,338	+0.1%
Net Income	$-334,430	$-300,136	+0.1%

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

$307,724

Total Directors

$307,724

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEREK PUPELLO	PRESIDENT &	65.00	Officer Director	$307,724	$0	$307,724
PETER SIMON	EMPLOYEE	40.00	Highest	$167,926	$0	$167,926
SERGIO GUTIERREZ	RESEARCH DIR	40.00	Highest	$118,984	$0	$118,984
SUSAN JOHNSON	EMPLOYEE	40.00	Highest	$103,421	$0	$103,421
MARK FRANKLE	BOARD MEMBER	5.00	Director	$0	$0	$0
RICHARD MUNASSI MD MBA	TREASURER	5.00	Officer Director	$0	$0	$0
MARK MIGHELL MD	CHAIRMAN	5.00	Officer Director	$0	$0	$0
THOMAS BERNASEK MD	SECRETARY	5.00	Officer 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	$4,002,474	$4,336,904	$1,430,086	$-334,430
2022	$3,480,202	$3,780,338	$1,204,352	$-300,136
2021	$3,465,860	$3,372,321	$1,560,496	$93,539
2020	$4,144,377	$4,049,240	$1,362,858	$95,137
2019	$5,291,910	$5,903,476	$2,047,401	$-611,566
2018	$5,901,854	$6,400,400	$3,011,995	$-498,546

FOUNDATION FOR ORTHOPAEDIC RESEARCH AND EDUCATION INC