SCITON MEDICAL FOUNDATION

EIN: 922451235 501(c)(3) Medical Research

PALO ALTO, CA

Total Revenue
N/A
Total Expenses
$22,256
Total Assets
$209,982
Net Assets
$-54,165
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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
2023
Legal Domicile
CA
Principal Officer
JAMES L HOBART
Phone
4109370367
Tax Period
2024-01-01 to 2024-12-31

Mission

SCITON MEDICAL FOUNDATION WORKS IN ALIGNMENT WITH THE MEDICAL COMMUNITY. OUR MISSION IS TO IMPROVE PEOPLE'S LIVES BY INCREASING THE QUALITY AND ACCESSIBILITY OF LASER AND LIGHT BASED MEDICAL CARE THROUGH LEADERSHIP IN SCIENTIFIC INVESTIGATION.

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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 $0
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $22,256
TOTAL EXPENSES $22,256

Year-over-Year Comparison

2024 2023 Change
Revenue N/A N/A N/A
Expenses $22,256 $31,909 -0.3%
Net Income N/A $-31,909 N/A
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

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Governance

Voting Members
6
Independent Members
6
Employees
N/A
Volunteers
6

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
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES L HOBART PRESIDENT 1.00
Officer Director
$0 $0 $0
AARON C BURTON SECRETARY 1.00
Officer Director
$0 $0 $0
DANIEL K NEGUS TREASURER 1.00
Officer Director
$0 $0 $0
ROBERT T BRINDLEY BOARD MEMBER 1.00
Director
$0 $0 $0
BRYANT L WONG BOARD MEMBER 1.00
Director
$0 $0 $0
JASON N POSNER BOARD MEMBER 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 $22,256 $209,982 No data
2023 No data $31,909 $220,717 No data
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