Cartilage Research Foundation Inc
Nonprofit profile at a glance
- EIN
- 352146840
- IRS 990-EZ coverage
- 2010–2024
- Forms available
- Form 990 2022, Form 990-EZ 2024
- Location
- Morgantown, IN, USA
- Phone
- 3178845230
- Rating
- 97
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Nerve, Muscle, Bone Diseases Research
Reported finances
- Revenue
- $39,886
- Expenses
- $76,313
- Assets
- $197,311
- Liabilities
- $1,906
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- BRIAN COLE MD (PRESIDENT)
People named in this filing
- WAYNE GERSOFF MD (MEMBER)
- JACK FARR MD (MEMBER)
- THOMAS MINAS MD (MEMBER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To support clinial research and education in the field of articular and meniscal cartilage issues to help patients suffering from cartilage pathologies."
What it reported doing in 2024
The foundation develops strategies and treatments aimed at preventing the start or progression of cartilage problems as well as formulating evidence-based treatment algorithms."
Operating model
- Revenue model
- Earned-program. 62% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and liabilities are high compared with assets.
Rating breakdown
- Financial Efficiency: 100
- Transparency & Controls: 100
- Sustainability: 35
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: -91.3%; rating input score 8; 8th percentile among comparable filings
- Total-asset coverage ratio: 2.59; rating input score 71; 71st percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 29; 29th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 21.4% per year; rating input score 100; 83rd percentile among comparable filings
- Revenue growth: 4.2% per year; rating input score 100; 68th percentile among comparable filings
- Asset growth: 6.5% per year; rating input score 100; 63rd percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $76K in reported program spending
- Leadership: top reported pay $0 · 5 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 3 filed schedules
- Filing history: 8 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Operating margin scored 8/100.
- High — Sustainability: Liabilities to assets ratio scored 29/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.