Civic Intelligence

Rothman Institute Orthopaedic Foundation

EIN 22-2620085 • 501(c)3 • Philadelphia, PA

Profile

Rothman institute orthopaedic foundation engages in and supports basic scientific clinical research in diseases of the skeletal system and related activities. The foundation also directly engages in and supports other organizations which engage in research and education related to the causes, diagnosis, treatment, prevention, and control of diseases of the skeleton in man. The primary objectives of any research program are to develop new information and to disseminate this information through the publication of articles and journals, the presentation of papers to medical and lay audiences, and not to satisfy any commercial or industrial purpose. The foundation does not engage in activities for which the primary purpose is to directly provide treatment or medical care.

925 Chestnut Street Suite 5th FLPhiladelphia, PA 19107-4216

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

37th percentile

0.02x

Higher debt load relative to assets than 37% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

64th percentile

0.18x

Higher debt load relative to revenue than 64% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

2nd percentile

-254%

Higher net margin than 2% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

51st percentile

$0

Higher top officer pay than 51% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

8th percentile

-22%

Faster asset growth than 8% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

4th percentile

-58%

Faster revenue growth than 4% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$3,190,894

Down $918,664 (-22%) from 2023

Liabilities

Up

$65,472

Up $37,573 (+135%) from 2023

Net Assets

Down

$3,125,422

Down $956,237 (-23%) from 2023

Revenue

Down

$364,606

Down $496,915 (-58%) from 2023

Expenses

Up

$1,290,262

Up $553,036 (+75%) from 2023

Net Income

Down

-$925,656

Down $1,049,951 (-845%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$6.0M$4.0M$2.0M$0Assets 2010: $4,826,282Liabilities 2010: $592,271Net Assets 2010: $4,234,0112010Assets 2011: $4,277,886Liabilities 2011: $551,991Net Assets 2011: $3,725,8952011Assets 2012: $3,705,041Liabilities 2012: $432,844Net Assets 2012: $3,272,1972012Assets 2013: $3,342,768Liabilities 2013: $405,034Net Assets 2013: $2,937,7342013Assets 2014: $3,136,416Liabilities 2014: $324,837Net Assets 2014: $2,811,5792014Assets 2015: $2,579,795Liabilities 2015: $268,981Net Assets 2015: $2,310,8142015Assets 2016: $2,334,388Liabilities 2016: $223,413Net Assets 2016: $2,110,9752016Assets 2017: $2,482,913Liabilities 2017: $196,960Net Assets 2017: $2,285,9532017Assets 2018: $2,933,420Liabilities 2018: $427,100Net Assets 2018: $2,506,3202018Assets 2019: $3,201,455Liabilities 2019: $302,529Net Assets 2019: $2,898,9262019Assets 2020: $2,940,853Liabilities 2020: $128,044Net Assets 2020: $2,812,8092020Assets 2021: $3,448,732Liabilities 2021: $167,427Net Assets 2021: $3,281,3052021Assets 2022: $3,979,412Liabilities 2022: $35,658Net Assets 2022: $3,943,7542022Assets 2023: $4,109,558Liabilities 2023: $27,899Net Assets 2023: $4,081,6592023Assets 2024: $3,190,894Liabilities 2024: $65,472Net Assets 2024: $3,125,4222024

Highlighted filing

2024

Assets$3,190,894
Liabilities$65,472
Net Assets$3,125,422

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$2.0M$1.0M$0-$1.0MRevenue 2010: $519,426Expenses 2010: $573,544Net Income 2010: -$54,1182010Revenue 2011: $565,966Expenses 2011: $1,087,661Net Income 2011: -$521,6952011Revenue 2012: $341,637Expenses 2012: $816,508Net Income 2012: -$474,8712012Revenue 2013: $278,842Expenses 2013: $670,823Net Income 2013: -$391,9812013Revenue 2014: $373,686Expenses 2014: $609,298Net Income 2014: -$235,6122014Revenue 2015: $369,762Expenses 2015: $805,884Net Income 2015: -$436,1222015Revenue 2016: $340,553Expenses 2016: $574,068Net Income 2016: -$233,5152016Revenue 2017: $597,261Expenses 2017: $529,961Net Income 2017: $67,3002017Revenue 2018: $944,761Expenses 2018: $592,386Net Income 2018: $352,3752018Revenue 2019: $625,190Expenses 2019: $540,887Net Income 2019: $84,3032019Revenue 2020: $427,234Expenses 2020: $706,593Net Income 2020: -$279,3592020Revenue 2021: $560,988Expenses 2021: $272,727Net Income 2021: $288,2612021Revenue 2022: $841,170Expenses 2022: $81,506Net Income 2022: $759,6642022Revenue 2023: $861,521Expenses 2023: $737,226Net Income 2023: $124,2952023Revenue 2024: $364,606Expenses 2024: $1,290,262Net Income 2024: -$925,6562024

Highlighted filing

2024

Revenue$364,606
Expenses$1,290,262
Net Income-$925,656

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.19$0.07$3.13$0.36$1.29$0.93
2023Summary only. Only limited summary data is available for this year.$4.11$0.03$4.08$0.86$0.74$0.12
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.98$0.04$3.94$0.84$0.08$0.76
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.45$0.17$3.28$0.56$0.27$0.29
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.94$0.13$2.81$0.43$0.71$0.28
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.20$0.30$2.90$0.63$0.54$0.08
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.93$0.43$2.51$0.94$0.59$0.35
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.48$0.20$2.29$0.60$0.53$0.07
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.33$0.22$2.11$0.34$0.57$0.23
2015Detailed filing. Detailed filing data is available for this year.$2.58$0.27$2.31$0.37$0.81$0.44
2014Summary only. Only limited summary data is available for this year.$3.14$0.32$2.81$0.37$0.61$0.24
2013Detailed filing. Detailed filing data is available for this year.$3.34$0.41$2.94$0.28$0.67$0.39
2012Summary only. Only limited summary data is available for this year.$3.71$0.43$3.27$0.34$0.82$0.47
2011Summary only. Only limited summary data is available for this year.$4.28$0.55$3.73$0.57$1.09$0.52
2010Summary only. Only limited summary data is available for this year.$4.83$0.59$4.23$0.52$0.57$0.05
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 15, 2023
Return Version
2022v5.0
Gross Receipts
$841,170
Mission and Program Overview

Mission

Rothman institute orthopaedic foundation engages in and supports basic scientific clinical research in diseases of the skeletal system and related activities. The foundation also directly engages in and supports other organizations which engage in research and education related to the causes, diagnosis, treatment, prevention, and control of diseases of the skeleton in man. The primary objectives of any research program are to develop new information and to disseminate this information through the publication of articles and journals, the presentation of papers to medical and lay audiences, and not to satisfy any commercial or industrial purpose. The foundation does not engage in activities for which the primary purpose is to directly provide treatment or medical care.

Rothman institute orthopaedic foundation engages in and supports basic scientific clinical research in diseases of the skeletal system and related activities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,446,953$3,859,778▲ $2,412,825
Investments in Publicly Traded Securities$1,650,855$0▼ $1,650,855
Accounts Receivable$200,658$0▼ $200,658
Investments Other Securities$332,749$117,386▼ $215,363
Land, Buildings, and Equipment, Net$162$0▼ $162
Cash and Non-Interest-Bearing Accounts$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$3,634,501$3,979,412▲ $344,911
Other Assets Total$3,124$2,248▼ $876
Liabilities
Deferred Revenue$33,693$26,817▼ $6,876
Other Liabilities$15,000$0▼ $15,000
Accounts Payable and Accrued Expenses$19,571$8,841▼ $10,730
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$68,264$35,658▼ $32,606
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,819,455$2,147,725▲ $328,270
Net Assets Without Donor Restrictions$1,746,782$1,796,029▲ $49,247
Total Net Assets Fund Balance$3,566,237$3,943,754▲ $377,517
Total Liabilities and Net Assets / Fund Balance$3,634,501$3,979,412▲ $344,911

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$174,661$174,661
Other Land Buildings-$13,904$13,904

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$1,738,124-▼ $1,654,585$150$83,389
2021$1,577,919-▲ $160,355$150$1,738,124
2020$1,381,022-▲ $197,047$150$1,577,919
2019$1,211,485-▲ $169,687$150$1,381,022
2018$1,281,691-▼ $70,056$150$1,211,485
Compensation and Service Providers

Board Members and Trustees

NameTitle
Alexander VaccaroPresident/director
Bill Rosoffdirector
Christopher Burchdirector
Craig Lorddirector
Dean Adlerdirector
Debra Gruenstein EsqDirector
Ed TufaroDirector
JOHN O'BRIENdirector
Ray Pennacchiadirector
Richard Barnhartdirector

Highest Paid Contractors

ContractorServicesLocationCompensation
NoneNone--
Revenue and Support

Revenue Composition

Contributions and Grants
$781,585
Program Service Revenue
$32,020
Investment Income
$27,565
Other Revenue
$0
All Other Contributions
$781,585
Change in Net Assets
$759,664
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$81,506
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Accounting$25,741--$25,741
Other Expenses$19,515--$19,515
Depreciation Depletion$160--$160
Total Functional Expenses$81,506$0$0$81,506
International Activity

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
Yes
Interest in foreign trust
No
Passive foreign investment company interest
Yes
Transfers to foreign corporations
No
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Reconstructive Orthopaedic AssocShared board membersContributionsNo$813,605

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Other Liabilities$0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

PART VI; SECTION C; LINE 19

Available for inspection upon request at office.

PART VI; SECTION B; LINE 12C

Periodic reviews conducted by the board.

PART VI; SECTION B; LINE 11B

A Board Member is designated to review the 990.

PART VI; SECTION A; LINE 2

Two of the directors of the foundation, vaccaro and tufaro, are employees of reconstructive orthopaedic associates ii, llc, a limited liability company deemed to be in control of the foundation due to common board membership.

Filing and Contact Details

Filer

Filer Name
Rothman Institute Orthopaedic Foundation
EIN
22-2620085
In Care Of
% ED TUFARO
Phone
2673393684
Address
925 Chestnut Street Suite 5th FL, Philadelphia, PA 19107-4216

Signing Officer

Name
Ed Tufaro
Title
CEO
Phone
4844603932
Signed
2023-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ed Tufaro
Formed
1984
Legal Domicile
Pa
Voting Board Members
10
Independent Board Members
9
Employees
0

Preparer

Firm
Bdo USA
Address
1801 MARKET STREET SUITE 1700, PHILADELPHIA, PA 19103
Preparer
Johnathon Heller CPA
Phone
2155641900
Supplemental Narrative

Additional Explanations

PART XII; LINE 2C

Finanical statement audit report is reviewed by the officer of the organization.

Part XI Line 9

-$64,188 represents a prior period adjustment in the Deferred Revenue Account.

Financial Statement Notes

Question 4 (endowment Funds)

The endowment is permanently restricted. Investment income is unrestricted and available to support research studies of the foundation.

Fin 48 - Uncertain Income Tax Positions

As of December 31, 2022, THE FOUNDATION DID NOT IDENTIFY ANY UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN AN INFORMATION RETURN WHICH WOULD REQUIRE ADJUSTMENT TO OR DISCLOSURE IN ITS FINANCIAL STATEMENTS. THE FOUNDATION BELIEVES ITS TAX STATUS AS AN EXEMPT ENTITY WOULD BE SUSTAINED UNDER EXAMINATION. THE FOUNDATION IS SUBJECT TO FEDERAL EXAMINATIONS FOR YEARS SUBSEQUENT TO DECEMBER 31, 2018.

Raw XML AppendixShowing 400 of 549 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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