Civic Intelligence

Arthritis Surgery Research Foundation Inc

EIN 65-0797507 • 501(c)3 • Coral Gables, FL

Profile

ARTHRITIS RESEARCH

PO Box 145277Coral Gables, FL 33114-5277

n/A

Siviq Scores

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

Liabilities / Assets

37th percentile

0.00x

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

501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

44th percentile

0.01x

Higher debt load relative to revenue than 44% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

87th percentile

43%

Higher net margin than 87% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

55th percentile

$0

Higher top officer pay than 55% of similar nonprofits.

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

501(c)3 • $500k-$1M nonprofits • Source year 2024

Asset Growth

64th percentile

10%

Faster asset growth than 64% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

17th percentile

-21%

Faster revenue growth than 17% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets37th percentile

Assets

Up

$579,812

Up $52,778 (+10%) from 2023

Liabilities

Down

$858

Down $1 (-0.1%) from 2023

Net Assets

Up

$578,954

Up $52,779 (+10%) from 2023

Operations
Liabilities / Revenue44th percentileNet Margin87th percentile

Revenue

Down

$122,881

Down $32,454 (-21%) from 2023

Expenses

Up

$70,102

Up $18,822 (+37%) from 2023

Net Income

Down

$52,779

Down $51,276 (-49%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth64th percentile

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

$600K$400K$200K$0-$200KAssets 2011: $321,286Liabilities 2011: $1,266Net Assets 2011: $320,0202011Assets 2012: $266,400Liabilities 2012: $0Net Assets 2012: $266,4002012Assets 2013: $236,530Liabilities 2013: $0Net Assets 2013: $236,5302013Assets 2014: $410,249Liabilities 2014: $0Net Assets 2014: $410,2492014Assets 2015: $467,285Liabilities 2015: $0Net Assets 2015: $467,2852015Assets 2016: $384,091Liabilities 2016: $6,613Net Assets 2016: $377,4782016Assets 2017: $58,610Liabilities 2017: $1,948Net Assets 2017: $56,6622017Assets 2018: $51Liabilities 2018: $859Net Assets 2018: -$8082018Assets 2019: $43Liabilities 2019: $859Net Assets 2019: -$8162019Assets 2020: $198,154Liabilities 2020: $859Net Assets 2020: $197,2952020Assets 2021: $342,985Liabilities 2021: $859Net Assets 2021: $342,1262021Assets 2022: $422,979Liabilities 2022: $859Net Assets 2022: $422,1202022Assets 2023: $527,034Liabilities 2023: $859Net Assets 2023: $526,1752023Assets 2024: $579,812Liabilities 2024: $858Net Assets 2024: $578,9542024

Highlighted filing

2024

Assets$579,812
Liabilities$858
Net Assets$578,954
Open 2024 Filing

Operations Trend

Revenue Growth17th percentile

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

$1.0M$500K$0-$500KExpenses 2011: $303,3822011Expenses 2012: $280,8232012Revenue 2013: $271,677Expenses 2013: $301,547Net Income 2013: -$29,8702013Revenue 2014: $500,491Expenses 2014: $306,422Net Income 2014: $194,0692014Revenue 2015: $427,252Expenses 2015: $359,894Net Income 2015: $67,3582015Revenue 2016: $335,821Expenses 2016: $425,628Net Income 2016: -$89,8072016Revenue 2017: $19,959Expenses 2017: $340,775Net Income 2017: -$320,8162017Revenue 2018: $66,084Expenses 2018: $123,554Net Income 2018: -$57,4702018Revenue 2019: $21,980Expenses 2019: $21,988Net Income 2019: -$82019Revenue 2020: $203,653Expenses 2020: $5,542Net Income 2020: $198,1112020Revenue 2021: $145,302Expenses 2021: $471Net Income 2021: $144,8312021Revenue 2022: $100,510Expenses 2022: $20,516Net Income 2022: $79,9942022Revenue 2023: $155,335Expenses 2023: $51,280Net Income 2023: $104,0552023Revenue 2024: $122,881Expenses 2024: $70,102Net Income 2024: $52,7792024

Highlighted filing

2024

Revenue$122,881
Expenses$70,102
Net Income$52,779
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$579,812
Liabilities
$858
Net assets
$578,954
Revenue
$122,881
Expenses
$70,102
Net income
$52,779
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.80$0.01$5.79$1.23$0.70$0.53
2023Detailed filing. Detailed filing data is available for this year.$5.27$0.01$5.26$1.55$0.51$1.04
2022Detailed filing. Detailed filing data is available for this year.$4.23$0.01$4.22$1.01$0.21$0.80
2021Detailed filing. Detailed filing data is available for this year.$3.43$0.01$3.42$1.45$0.00$1.45
2020Detailed filing. Detailed filing data is available for this year.$1.98$0.01$1.97$2.04$0.06$1.98
2019Detailed filing. Detailed filing data is available for this year.$0.00$0.01$0.01$0.22$0.22$0.00
2018Detailed filing. Detailed filing data is available for this year.$0.00$0.01$0.01$0.66$1.24$0.57
2017Detailed filing. Detailed filing data is available for this year.$0.59$0.02$0.57$0.20$3.41$3.21
2016Detailed filing. Detailed filing data is available for this year.$3.84$0.07$3.77$3.36$4.26$0.90
2015Detailed filing. Detailed filing data is available for this year.$4.67$0.00$4.67$4.27$3.60$0.67
2014Detailed filing. Detailed filing data is available for this year.$4.10$0.00$4.10$5.00$3.06$1.94
2013Detailed filing. Detailed filing data is available for this year.$2.37$0.00$2.37$2.72$3.02$0.30
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.66$0.00$2.66$2.81
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.21$0.01$3.20$3.03
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 29, 2025
Return Version
2024v5.0
Gross Receipts
$122,881
Mission and Program Overview

Mission

ARTHRITIS RESEARCH

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$527,034$579,812▲ $52,778
Total Assets$527,034$579,812▲ $52,778
Liabilities
Other Liabilities$859$858▼ $1
Total Liabilities$859$858▼ $1
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$526,175$578,954▲ $52,779
Total Net Assets Fund Balance$526,175$578,954▲ $52,779
Total Liabilities and Net Assets / Fund Balance$527,034$579,812▲ $52,778

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings-$88,618$88,618
Compensation and Service Providers
Top Officer Pay55th percentile

Board Members and Trustees

NameTitle
Dr Carlos J LaverniaChairman
Adrian Legaspi MdSecretary/tr
Mario MartinezVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$100,558
Program Service Revenue
$0
Investment Income
$22,323
Other Revenue
$0
All Other Contributions
$100,558
Change in Net Assets
$52,779
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$70,102
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$2,025$2,025-$4,050
Travel$972--$972
Other Expenses$30$31-$61
Total Functional Expenses$64,197$5,905$0$70,102
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Credit Card Payable$858
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 9

“Mario martinez 9495 sw 92nd ave miami, fl 33176 adrian legaspi, m.d. 12304 sw 71 ct miami, fl 33156”

Form 990, Page 6, Part VI, Line 11B

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Arthritis Surgery Research
EIN
65-0797507
Phone
3058300540
Address
PO BOX 145277, CORAL GABLES, FL 33114-5277

Signing Officer

Name
Dr Carlos J Lavernia
Title
Chairman
Phone
3055986701
Signed
2025-10-29

Organization Details

Principal Officer
Dr Carlos J Lavernia
Formed
1998
Legal Domicile
Fl
Voting Board Members
3
Independent Board Members
3
Employees
0

Preparer

Firm
Smith Buzzi & Associates LLC
Address
9425 SUNSET DR STE 180, MIAMI, FL 33173-3290
Preparer
Jose E Smith
Phone
3055986701
Raw XML Appendix269 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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ReturnHeader/TaxYr02024

Document Assets

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