STEADMAN PHILIPPON RESEARCH INSTITUTE

EIN: 880245022 501(c)(3) Medical Research

VAIL, CO

Total Revenue
$14,151,760
Total Expenses
$16,201,121
Total Assets
$14,362,541
Net Assets
$6,891,507
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1988
Legal Domicile
CO
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

BUILDING ON OUR LEGACY OF EXCELLENCE IN ORTHOPAEDIC SPORTS MEDICINE, SPRI IS UNLOCKING THE SECRETS OF HEALING, FINDING CURES AND ENHANCING LIVES THROUGH GLOBAL LEADERSHIP IN REGENERATIVE MEDICINE, SCIENTIFIC RESEARCH, INNOVATION AND EDUCATION.

Program Service Accomplishments

Program 1
Expenses: $5,216,845 Revenue: $0

CENTER FOR REGENERATIVE AND PERSONALIZED MEDICINE (CRPM) - CRPM IS COMMITTED TO CONDUCTING THE HIGHEST IMPACT TEAM SCIENCE, LEVERAGING THE EXPERTISE OF THE INSTITUTE'S OTHER SCIENTIFIC DEPARTMENTS...

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CENTER FOR REGENERATIVE AND PERSONALIZED MEDICINE (CRPM) - CRPM IS COMMITTED TO CONDUCTING THE HIGHEST IMPACT TEAM SCIENCE, LEVERAGING THE EXPERTISE OF THE INSTITUTE'S OTHER SCIENTIFIC DEPARTMENTS. CRPM'S KEY AREA OF FOCUS IS TO ACCELERATE CLINICAL TRANSLATION AND HELP SCIENTIFIC DISCOVERIES AND PROVEN TREATMENTS GET TO PATIENTS FASTER. CRPM'S SCIENTIFIC PROGRAMS INVESTIGATE CELLULAR SCIENCE AND REGENERATIVE MEDICINE TECHNIQUES AND THERAPIES. THESE PROGRAMS ARE: FRACTURE REPAIR AND REGENERATIVE THERAPEUTICS MUSCLE REPAIR AND STEM CELL BIOLOGY BONE AND CARTILAGE REPAIR AND STEM CELL BIOLOGY GENETIC AND CELLULAR ENGINEERING STEM CELL ENGINEERING AND CARTILAGE REGENERATION HEALTH AGING DIAGNOSTICS

Program 2
Expenses: $2,156,347 Revenue: $0

BIOMEDICAL ENGINEERING (BME) IS A MULTIDISCIPLINARY LABORATORY WHICH APPLIES QUANTITATIVE, ANALYTICAL, AND INTEGRATIVE METHODS TO THE FIELD OF ORTHOPAEDIC MEDICINE. THE MULTITALENTED RESEARCH STAFF...

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BIOMEDICAL ENGINEERING (BME) IS A MULTIDISCIPLINARY LABORATORY WHICH APPLIES QUANTITATIVE, ANALYTICAL, AND INTEGRATIVE METHODS TO THE FIELD OF ORTHOPAEDIC MEDICINE. THE MULTITALENTED RESEARCH STAFF INTEGRATES CLINICAL CARE, RESEARCH, AND EDUCATION WITH THE RESOURCES OF WORLD-RENOWNED MEDICAL DOCTORS IN ORDER TO IMPROVE THE TREATMENT OF MUSCULOSKELETAL DISEASES. THIS FOCUSED APPROACH IS DESIGNED TO MAINTAIN AND ENHANCE ATHLETIC PERFORMANCE, HEALTH, AND QUALITY OF LIFE FOR THE PROFESSIONAL, SEMI-PROFESSIONAL, COLLEGIATE, HIGH SCHOOL AND THE RECREATIONALLY ACTIVE INDIVIDUAL THROUGH AN EMPHASIS ON BENCH-TO-BEDSIDE RESEARCH. SEE CONTINUATION ON SCHEDULE O. THE PROGRAMS PROVIDED BY THE DEPARTMENT OF BIOMEDICAL ENGINEERING ARE UNIQUE AND DIVERSE AND THEY ENCOMPASS A COMPLETE RANGE OF SERVICES FOR THE PHYSICALLY ACTIVE OR THOSE WISHING TO RETURN TO AN ACTIVE LIFESTYLE AFTER INJURY.

Program 3
Expenses: $1,450,626 Revenue: $0

THE CENTER FOR OUTCOMES-BASED ORTHOPAEDIC RESEARCH (COOR) PURSUES PATIENT-CENTERED OUTCOMES RESEARCH, WHICH HAS BEEN DEFINED AS THE STUDY OF THE END RESULTS OF MEDICAL TREATMENT, WHICH IS INTENDED TO...

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THE CENTER FOR OUTCOMES-BASED ORTHOPAEDIC RESEARCH (COOR) PURSUES PATIENT-CENTERED OUTCOMES RESEARCH, WHICH HAS BEEN DEFINED AS THE STUDY OF THE END RESULTS OF MEDICAL TREATMENT, WHICH IS INTENDED TO PROVIDE SCIENTIFIC EVIDENCE TO SUPPORT PATIENT AND PHYSICIAN DECISIONS REGARDING MEDICAL TREATMENT. THE INSTITUTE'S OUTCOMES RESEARCH IS BASED ON PHYSICIAN/PATIENT ASSESSMENT OF IMPROVEMENT IN FUNCTION, QUALITY OF LIFE AND PATIENT SATISFACTION. OUTCOMES RESEARCH PROVIDES A TOOL TO LINK THE PATIENT'S PERSPECTIVE TO THE EFFECTIVENESS OF HEALTH TREATMENT. THIS ALLOWS FOR INCREASED PARTICIPATION BY PATIENTS IN THE DECISION-MAKING PROCESS REGARDING THE KIND OF CARE THEY DESIRE. OUR GOAL IN COOR IS TO LEARN FROM PATIENTS AND VALIDATE TREATMENT PROTOCOLS IN AN EFFORT TO IMPROVE THE QUALITY OF HEALTH CARE FOR EVERY PATIENT.

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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%)

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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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Liquidity & Cash Position

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Governance

Voting Members
28
Independent Members
27
Employees
79
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
3
$681,250
Total Directors
28
$514,439
Key Employees
0
$0
Highest Compensated
5
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
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