RESEARCH FOUNDATION OF THE AMERICA… - 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

1996

Legal Domicile

Principal Officer

DAVID WESTMAN

Phone

8476076410

Tax Period

2023-01-01 to 2023-12-31

RESEARCH FOUNDATION OF THE AMERICAN SOCIETY OF COLON AND RECTAL SURGEONS, founded in 1996, is a small nonprofit that reported $360K in total revenue in fiscal year 2023. Expenses of $466K exceeded revenue, resulting in a 30% operating deficit.

Mission

THE FOUNDATION IS ORGANIZED FOR CHARITABLE, SCIENTIFIC AND EDUCATIONAL PURPOSES AS SET FORTH IN ITS ARTICLES OF INCORPORATION. THE FOUNDATION SHALL DEVELOP FUNDRAISING PROJECTS AND APPROVE FUNDING OF RESEARCH AND EDUCATIONAL PROGRAMS RELATED TO COLON AND RECTAL DISEASE.

Program Service Accomplishments

Program 1

Expenses: $150,000

CAREER DEVELOPMENT AWARD: AWARD PROVIDES FUNDS FOR TWO YEARS OF RESEARCH FOR YOUNG COLON AND RECTAL SURGEONS. IN THE AREAS OF PATHOPHYSIOLOGY, EVALUATION OR MANAGEMENT OF THE SMALL BOWEL, COLON...

CAREER DEVELOPMENT AWARD: AWARD PROVIDES FUNDS FOR TWO YEARS OF RESEARCH FOR YOUNG COLON AND RECTAL SURGEONS. IN THE AREAS OF PATHOPHYSIOLOGY, EVALUATION OR MANAGEMENT OF THE SMALL BOWEL, COLON, RECTUM OR ANUS.

Program 2

Expenses: $60,000

GENERAL SURGERY GRANT: TO ATTRACT GENERAL SURGERY RESIDENTS INTO THE FIELD OF COLON AND RECTAL SURGERY BY PROVIDING OPPORTUNITIES TO ENGAGE IN CLINICAL OR LABORATORY-BASED RESEARCH FOCUSED ON...

GENERAL SURGERY GRANT: TO ATTRACT GENERAL SURGERY RESIDENTS INTO THE FIELD OF COLON AND RECTAL SURGERY BY PROVIDING OPPORTUNITIES TO ENGAGE IN CLINICAL OR LABORATORY-BASED RESEARCH FOCUSED ON DISEASES OF THE COLON, RECTUM AND ANUS.

Program 3

Expenses: $19,567

LIMITED PROJECT GRANT: TO PROVIDE INVESTIGATORS THE OPPORTUNITY TO PURSUE RESEARCH INTEREST, SPECIFICALLY GERMANE TO THE FIELD OF COLON AND RECTAL SURGERY.

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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 $70,266

Program Service Revenue $0

Investment Income $289,445

Other Revenue $0

TOTAL REVENUE $359,711

Expense Breakdown

Grants Paid $267,405

Salaries & Benefits $105,994

Fundraising Expenses $0

Program Expenses $274,687

Other Expenses $92,776

TOTAL EXPENSES $466,175

Year-over-Year Comparison

	2023	2022	Change
Revenue	$359,711	$375,155	0.0%
Expenses	$466,175	$446,036	+0.0%
Net Income	$-106,464	$-70,881	+0.5%

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

$361,730

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RONALD BLEDAY MD	PAST PRESIDENT	2.00	Officer Director	$0	$0	$0
ELIZABETH C WICK MD	PRESIDENT	2.00	Officer Director	$0	$0	$0
ROCCO RICCIARDI MD	SECRETARY	2.00	Officer Director	$0	$0	$0
CONOR P DELANEY MD PHD	TRUSTEE	2.00	Director	$0	$0	$0
MATTHEW F KALADY MD	TRUSTEE	2.00	Director	$0	$0	$0
ARDEN MORRIS MD	TRUSTEE	2.00	Director	$0	$0	$0
PRADEEP NAZAREY MD	TRUSTEE	2.00	Director	$0	$0	$0
LARISSA K F TEMPLE MD	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
KIRSTEN WILKINS MD	TREASURER	2.00	Officer Director	$0	$0	$0
FERGAL J FLEMING MD	TRUSTEE	2.00	Director	$0	$0	$0
MATTHEW G MUTCH MD	TRUSTEE	2.00	Director	$0	$0	$0
DANIEL SANGWON OH MD FACS	TRUSTEE	2.00	Director	$0	$0	$0
SONIA L RAMAMOORTHY MD	TRUSTEE	2.00	Director	$0	$0	$0
JENNIFER E HRABE MD	TRUSTEE	2.00	Director	$0	$0	$0
DAVID A WESTMAN	ASCRS EXECUTIVE DIRECTOR	2.00	Officer	$0	$35,006	$361,730

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	$359,711	$466,175	$8,182,104	$-106,464
2022	$375,155	$446,036	$7,312,377	$-70,881
2021	$573,219	$379,084	$9,192,894	$194,135
2020	$263,952	$522,611	$8,576,448	$-258,659
2019	$327,589	$277,676	$7,621,586	$49,913
2018	$1,493,556	$738,485	$6,586,062	$755,071

RESEARCH FOUNDATION OF THE AMERICAN SOCIETY OF COLON AND RECTAL SURGEONS