SAGES EDUCATIONAL AND RESEARCH FOUNDATION (EIN 954689582) - 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

1997

Legal Domicile

Phone

3104370544

Tax Period

2023-01-01 to 2023-12-31

SAGES EDUCATIONAL AND RESEARCH FOUNDATION, founded in 1997, is a small nonprofit in the Education sector that reported $766K in total revenue in fiscal year 2023. Revenue fell 37% from the prior year — a significant decline worth monitoring. Expenses of $1.1M exceeded revenue, resulting in a 45% operating deficit.

Mission

The mission of the foundation is to advance endoscopic, laparoscopic and emerging minimal access surgical methods and to maintain the highest possible quality of care by supporting reproducible scientific research, graduate and postgraduate education, and public information.

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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 $179,967

Program Service Revenue $0

Investment Income $570,517

Other Revenue $15,963

TOTAL REVENUE $766,447

Expense Breakdown

Grants Paid $934,516

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $934,516

Other Expenses $173,739

TOTAL EXPENSES $1,108,255

Year-over-Year Comparison

	2023	2022	Change
Revenue	$766,447	$1,224,016	-0.4%
Expenses	$1,108,255	$1,077,761	+0.0%
Net Income	$-341,808	$146,255	-3.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVE SCHWAITZBERG MC	Director	0.50	Director	$0	$0	$0
NATHANIEL J SOPER MD	Director	0.50	Director	$0	$0	$0
EDWARD H PHILLIPS MD	Director	0.50	Director	$0	$0	$0
GARY VITALE MD	Director	0.50	Director	$0	$0	$0
SHERRY WREN MD	Director	0.50	Director	$0	$0	$0
DANIEL JONES MD	Director	0.50	Director	$0	$0	$0
MANABU YAMAMOTO MD	Director	0.50	Director	$0	$0	$0
MARINA KURIAN MD	Director	0.50	Director	$0	$0	$0
KENRIC MURAYAMA MD	Director	0.50	Director	$0	$0	$0
LEENA KHAITAN MD	Director	0.50	Director	$0	$0	$0
ROHAN JEYARAJA MD	Director	0.50	Director	$0	$0	$0
MICHEL GAGNER MD	Director	0.50	Director	$0	$0	$0
AURORA PRYOR MD	Director	0.50	Director	$0	$0	$0
DANIEL SCOTT MD	Director	0.50	Director	$0	$0	$0
LIANE FELDMAN MD	Director	0.50	Director	$0	$0	$0
MICHAEL R MAROHN MD	Secretary	2.00	Officer	$0	$0	$0
Stephen W Unger MD	President	2.00	Officer	$0	$0	$0
L MICHAEL BRUNT MD	Vice President	0.50	Officer	$0	$0	$0
TONIA YOUNG-FADOK	Treasurer	0.50	Officer	$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	No data	No data	No data
2023	$766,447	$1,108,255	$14,551,079	$-341,808
2022	$1,224,016	$1,077,761	$13,637,749	$146,255
2021	$1,401,377	$724,659	$15,627,791	$676,718
2020	$893,328	$739,071	$14,362,418	$154,257
2019	$1,919,491	$910,968	$13,366,962	$1,008,523
2018	$902,010	$880,259	$11,092,055	$21,751

SAGES EDUCATIONAL AND RESEARCH FOUNDATION