TWIN CITIES ORTHOPEDICS FOUNDATION (EIN 830435069) - 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

2005

Legal Domicile

Principal Officer

DAVID GESENSWAY

Phone

9523457704

Tax Period

2023-01-01 to 2023-12-31

TWIN CITIES ORTHOPEDICS FOUNDATION, founded in 2005, is a community nonprofit in the Medical Research sector that reported $1.0M in total revenue in fiscal year 2023.

Mission

PROMOTING ORTHOPEDIC HEALTH AND RESEARCH, EDUCATION AND TRAINING, AND IMPROVING QUALITY OF LIFE.

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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 $1,024,966

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,024,966

Expense Breakdown

Grants Paid $278,833

Salaries & Benefits $648,688

Fundraising Expenses $0

Program Expenses $1,086,699

Other Expenses $167,253

TOTAL EXPENSES $1,094,774

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,024,966	$971,145	+0.1%
Expenses	$1,094,774	$901,816	+0.2%
Net Income	$-69,808	$69,329	-2.0%

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

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
JAY HEMPE	CFO	1.00	Officer	$0	$0	$0
DR DAVID GESENSWAY	PRESIDENT	5.00	Officer Director	$0	$0	$0
CHRIS BAILEY	TREASURER	1.00	Officer Director	$0	$0	$0
DR KURT ANDERSON	DIRECTOR	1.00	Director	$0	$0	$0
DR SCOTT ANSETH	DIRECTOR	1.00	Director	$0	$0	$0
DR ADAM BAKKER	DIRECTOR	1.00	Director	$0	$0	$0
DR DAVID PALMER	DIRECTOR	1.00	Director	$0	$0	$0
DR NICHOLAS MEYER	DIRECTOR	1.00	Director	$0	$0	$0
DR PETER SANDERS	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT LAPRADE	DIRECTOR	1.00	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	$1,024,966	$1,094,774	$320,393	$-69,808
2022	$971,145	$901,816	$390,201	$69,329
2021	$635,273	$546,297	$320,872	$88,976
2020	$401,000	$374,560	$266,823	$26,440
2019	$379,328	$331,333	$205,456	$47,995
2018	$234,485	$225,663	$157,461	$8,822

TWIN CITIES ORTHOPEDICS FOUNDATION