NEUROLOGICAL RECOVERY FOR THE ARME… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2017

Legal Domicile

Principal Officer

BRUCE CONTI

Phone

8179262067

Tax Period

2020-01-01 to 2020-12-31

NEUROLOGICAL RECOVERY FOR THE ARMED SERVICES, founded in 2017, is a micro nonprofit that reported $12K in total revenue in fiscal year 2020. Revenue fell 96% from the prior year — a significant decline worth monitoring. Expenses of $64K exceeded revenue, resulting in a 433% operating deficit.

Mission

THE ORGANIZATION IS DEDICATED TO THE COMPREHENSIVE NEUROLOGICAL REHABILITATION OF AMERICA'S VETERANS WHO HAVE SUFFERED FROM BRAIN AND SPINAL INJURY. USING INNOVATIVE ROBOTIC TECHNOLOGY AND VIRTUAL REALITY, NRAS AIMS TO SET A NEW PRECEDENT OF NEUROLOGICAL CARE AND PUBLISH RESEARCH ON ITS FINDINGS USING NEW TECHNOLOGY.

Program Service Accomplishments

Program 1

Expenses: $58,704 Revenue: $9,717

EXPENSES FOR THE NRAS PROJECT ARE PRIMARILY SALARIES FOR THERAPISTS AND RENTAL COSTS FOR THE TECHNOLOGY USED IN PATIENT CARE. BECAUSE THE PRESIDENT OF NRAS OWNS THE BUILDING AND EQUIPMENT USED FOR...

EXPENSES FOR THE NRAS PROJECT ARE PRIMARILY SALARIES FOR THERAPISTS AND RENTAL COSTS FOR THE TECHNOLOGY USED IN PATIENT CARE. BECAUSE THE PRESIDENT OF NRAS OWNS THE BUILDING AND EQUIPMENT USED FOR THE REHABILITATION PROGRAM, RENTAL COSTS, BOTH FOR OCCUPANCY AND EQUIPMENT, ARE SUBSIDIZED TO ALLOW THE ORGANIZATION TO MORE EFFICIENTLY FUND ITS MISSION. NRAS IS UNIQUE IN ITS ABILITY TO PROVIDE COMPREHENSIVE NEUROLOGICAL REHABILITATION, DIFFERENT FROM OTHER CLINICS IN ITS ABILITY TO MAINTAIN DIVERSE TREATMENTS WITHIN A SPECIALTY OF MEDICINE. PROGRAMS ARE TAILORED TO INCORPORATE THE THEORY OF NEURAL PLASTICITY, AND THERAPISTS STRUCTURE TREATMENT PLANS AROUND GOAL-ORIENTED THERAPY AND USE MODALITIES SUCH AS NEUROMODULATION AND VIRTUAL STIMULI TO PROMOTE FORMATIONS OF NEW SYNAPTIC PATHWAYS IN PATIENTS' BRAINS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $2,250

Program Service Revenue $617

Investment Income $9,100

Other Revenue $0

TOTAL REVENUE $11,967

Expense Breakdown

Grants Paid $41,583

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $58,704

Other Expenses $22,201

TOTAL EXPENSES $63,784

Year-over-Year Comparison

	2020	2019	Change
Revenue	$11,967	$313,451	-1.0%
Expenses	$63,784	$334,818	-0.8%
Net Income	$-51,817	$-21,367	+1.4%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
BRUCE CONTI	PRESIDENT	2.00	Officer Director	$0	$0	$0
ALAN BARRON	SECRETARY	0.25	Officer Director	$0	$0	$0
TRAVIS LUTTER	DIRECTOR	0.25	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
2020	$11,967	$63,784	No data	$-51,817
2019	$313,451	$334,818	$51,982	$-21,367
2018	$343,036	$411,956	$73,789	$-68,920

NEUROLOGICAL RECOVERY FOR THE ARMED SERVICES