STEADMAN PHILIPPON RESEARCH INSTITUTE (EIN 880245022) - 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

1988

Legal Domicile

Principal Officer

DAN DRAWBAUGH

Phone

9704799797

Tax Period

2024-01-01 to 2024-12-31

STEADMAN PHILIPPON RESEARCH INSTITUTE, founded in 1988, is a mid-sized nonprofit in the Medical Research sector that reported $14.2M in total revenue in fiscal year 2024. Expenses of $16.2M exceeded revenue, resulting in a 14% operating deficit.

Mission

DEDICATION TO KEEPING PEOPLE PHYSICALLY ACTIVE THROUGH ORTHOPAEDIC RESEARCH AND EDUCATION.

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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 $13,631,292

Program Service Revenue $400,125

Investment Income $38,834

Other Revenue $81,509

TOTAL REVENUE $14,151,760

Expense Breakdown

Grants Paid $722,737

Salaries & Benefits $9,014,316

Fundraising Expenses $1,661,192

Program Expenses $11,752,207

Other Expenses $6,464,068

TOTAL EXPENSES $16,201,121

Year-over-Year Comparison

	2024	2023	Change
Revenue	$14,151,760	$13,892,440	+0.0%
Expenses	$16,201,121	$16,176,377	+0.0%
Net Income	$-2,049,361	$-2,283,937	-0.1%

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

$681,250

Total Directors

$514,439

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAN DRAWBAUGH	CEO/PRESIDENT	16.00	Officer Director	$513,750	$689	$514,439
DR MARC PHILIPPON	CO-CHAIR	1.00	Officer Director	$0	$0	$0
ROBERT BOURNE	BOARD MEMBER	1.00	Director	$0	$0	$0
WILL COOK	BOARD MEMBER	1.00	Director	$0	$0	$0
ANDY DALY	BOARD MEMBER	1.00	Director	$0	$0	$0
TOM GORRIE	BOARD MEMBER	1.00	Director	$0	$0	$0
DR TOM HACKETT	BOARD MEMBER	1.00	Director	$0	$0	$0
TED HARTLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT HURST	BOARD MEMBER	1.00	Director	$0	$0	$0
VANESSA KERZNER	BOARD MEMBER	1.00	Director	$0	$0	$0
DORIS KIRCHNER	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRIS LINDLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
DR PETER MILLETT	BOARD MEMBER	1.00	Director	$0	$0	$0
CYNTHIA L NELSON	BOARD MEMBER	1.00	Director	$0	$0	$0
MARY K NOYES	BOARD MEMBER	1.00	Director	$0	$0	$0
SENENNE PHILIPPON	BOARD MEMBER	1.00	Director	$0	$0	$0
STEVEN READ	BOARD MEMBER	1.00	Director	$0	$0	$0
KEVIN RUDOLPH	BOARD MEMBER	1.00	Director	$0	$0	$0
DAMARIS SKOURAS	BOARD MEMBER	1.00	Director	$0	$0	$0
GEN PETE DAWKINS	BOARD MEMBER	1.00	Director	$0	$0	$0
FRANK KRAUSER	BOARD MEMBER	1.00	Director	$0	$0	$0
LARRY MULLEN JR	BOARD MEMBER	1.00	Director	$0	$0	$0
AL PERKINS	BOARD MEMBER	1.00	Director	$0	$0	$0
ALEX RAMPELL	BOARD MEMBER	1.00	Director	$0	$0	$0
GARY S ROSENBACH	BOARD MEMBER	1.00	Director	$0	$0	$0
KENNETH SCHANZER	BOARD MEMBER	1.00	Director	$0	$0	$0
MIKE SHANNON	BOARD MEMBER	1.00	Director	$0	$0	$0
GAY L STEADMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
GEOFF GRAY	CFO/TREASURER	16.00	Officer	$160,405	$6,406	$166,811
JOHNNY HUARD	CHIEF SCIENTIFIC OFFICER	40.00	Highest	$646,016	$15,810	$661,826
LEE JONES	VP OF DEVELOPMENT	40.00	Highest	$343,296	$12,499	$355,795
SCOTT TASHMAN	DEVELOPMENT DIRECTOR	40.00	Highest	$291,489	$20,839	$312,328
KRISTIN MORGAN	DIRECTOR OF PHILANTHROPY	40.00	Highest	$189,292	$9,886	$199,178
SUZANNE PAGE	VICE PRESIDENT OF OPERATIONS	40.00	Highest	$296,394	$12,707	$309,101

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	$14,151,760	$16,201,121	$14,362,541	$-2,049,361
2023	$13,892,440	$16,176,377	$15,741,993	$-2,283,937
2022	$13,468,545	$15,373,731	$17,123,463	$-1,905,186
2021	$15,214,073	$14,167,484	$14,955,351	$1,046,589
2020	$14,818,176	$13,828,960	$13,404,698	$989,216
2019	$12,009,426	$12,604,271	$12,820,509	$-594,845
2018	$12,979,703	$10,614,487	$13,169,994	$2,365,216

STEADMAN PHILIPPON RESEARCH INSTITUTE