ARTHRITIS SURGERY RESEARCH FOUNDAT… - Form 990 Financial Data

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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

1998

Legal Domicile

Principal Officer

DR CARLOS J LAVERNIA

Phone

3058300540

Tax Period

2023-01-01 to 2023-12-31

ARTHRITIS SURGERY RESEARCH FOUNDATION INC, founded in 1998, is a small nonprofit in the Medical Research sector that reported $155K in total revenue in fiscal year 2023. Revenue surged 55% from the prior year, signaling strong growth momentum. The organization ran a surplus of $104K, a strong 67% operating margin.

Mission

ARTHRITIS RESEARCH

Program Service Accomplishments

Program 1

Expenses: $51,280

COLLECTION AND PROCESSING OF DATA & PATIENT INTERVIEWING REGARDING ARTHOPLASTIC SURGERY IN THE MINORITY POPULATION. RESULTS OF THE RESEARCH HAS BEEN PRESENTED AT VARIOUS MEDICAL CONFERENCES, AS WELL...

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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 $150,000

Program Service Revenue $0

Investment Income $5,335

Other Revenue $0

TOTAL REVENUE $155,335

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $51,280

Other Expenses $51,280

TOTAL EXPENSES $51,280

Year-over-Year Comparison

	2023	2022	Change
Revenue	$155,335	$100,510	+0.5%
Expenses	$51,280	$20,516	+1.5%
Net Income	$104,055	$79,994	+0.3%

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

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
DR CARLOS J LAVERNIA	CHAIRMAN	1.00	Officer	$0	$0	$0
ADRIAN LEGASPI MD	SECRETARY/TR	1.00	Officer	$0	$0	$0
MARIO MARTINEZ	VICE PRESIDE	1.00	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
2024	No data	No data	No data	No data
2023	$155,335	$51,280	$527,034	$104,055
2022	$100,510	$20,516	$422,979	$79,994
2021	$145,302	$471	$342,985	$144,831
2020	$203,653	$5,542	$198,154	$198,111
2019	$21,980	$21,988	$43	$-8
2018	$66,084	$123,554	$51	$-57,470

ARTHRITIS SURGERY RESEARCH FOUNDATION INC