ORTHOPAEDIC INNOVATION TECHNOLOGY CENTER INC (EIN 871327146) - 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

2021

Legal Domicile

Principal Officer

MICHAEL T LACOUR

Phone

4049360271

Tax Period

2024-01-01 to 2024-12-31

ORTHOPAEDIC INNOVATION TECHNOLOGY CENTER INC, founded in 2021, is a small nonprofit in the Medical Research sector that reported $358K in total revenue in fiscal year 2024. Revenue fell 33% from the prior year — a significant decline worth monitoring. Expenses of $573K exceeded revenue, resulting in a 60% operating deficit.

Mission

WILL PERFORM RESEARCH TO HELP DEVELOP AND ENHANCE SURGICAL TECHNIQUES, SURGICAL INSTRUMENTATION, IMPLANT DESIGNS AND PATIENT OUTCOMES FOR THE LIVES OF PATIENTS WHO HAVE UNDERGONE OR WILL UNDERGO MAJOR ORTHOPAEDIC PROCEDURES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $357,500

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $357,500

Expense Breakdown

Grants Paid $100,000

Salaries & Benefits $287,014

Fundraising Expenses $0

Program Expenses $572,761

Other Expenses $185,747

TOTAL EXPENSES $572,761

Year-over-Year Comparison

	2024	2023	Change
Revenue	$357,500	$536,375	-0.3%
Expenses	$572,761	$407,666	+0.4%
Net Income	$-215,261	$128,709	-2.7%

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

$143,333

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRADLEY A MECCIA	VICE PRES &S	40.00	Officer	$100,000	$0	$100,000
MICHAEL T LACOUR	PRESIDENT	10.00	Officer	$43,333	$0	$43,333

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
2025	No data	No data	No data	No data
2024	$357,500	$572,761	$340,184	$-215,261
2023	$536,375	$407,666	$555,445	$128,709
2022	$335,317	$151,762	$426,736	$183,555
2021	$250,060	$6,879	$243,181	$243,181

ORTHOPAEDIC INNOVATION TECHNOLOGY CENTER INC