Sports Medicine Institute

What it reported doing in 2024

Research: to promote research, clinical development, and delivery to the public of functional health services, nutrition, and advanced manual therapy treatments, particularly in the fields of injury prevention, injury rehabilitation, and athletic performance. Smi's research is also demonstrated through our athletic education program and recovery center (see part b). Research is also done by our eastern medicine department to see how acupuncture helps people with recovery from post-surgical procedures as well as for performance. This year the emphasis of the research was done on dry needling. Dry needling is a technique specific to trigger points. It is a modality that is in high demand in the athletic community and is often prescribed by md's and physical therapists. We have 15 advanced manual therapists who have been continuing education within their training. We hold educational clinics free of charge for our therapists as well as many teams in the area. We donate over 400 hours to various groups and to individuals that we feel can really benefit from our services. That works out to be about $80,000 worth of revenue.mark fadil's book on foam rolling, a previous research project, has provided a core concise way to visualize and perform multiple exercises to help enhance one's health and well-being. About 75,000 have been sold to date. Our long-term goal is still to set up an education center to educate practitioners. This past tax period our director has participated in the acusport education and sports acupuncture program (sma). This course has helped treat injuries from a true integrated perspective which is very state of the art in this field and has helped many people in our community.

Financial Efficiency

• Mission deployment rate: 75%; rating input score 75
• Program expense ratio: 79.1%; rating input score 79
• Fundraising efficiency: $0 raised per $1 spent on fundraising; rating input score 0; 0th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: 2 of 6 controls in place; rating input score 33
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Pass
  • Compensation survey or study: Missing
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Limited
• Related-party transparency: Limited

Accountability

• Independent voting board: 75%; rating input score 75; 13th percentile among comparable filings
• Governance controls: 6 of 9 controls in place; rating input score 67
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Fail
  • Document-retention policy: Fail
  • CEO compensation review process: Pass
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Fail
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 6.8%; rating input score 55; 55th percentile among comparable filings
• Total-asset coverage ratio: 0.7; rating input score 26; 26th percentile among comparable filings
• Liabilities to assets ratio: 0.33; rating input score 31; 31st percentile among comparable filings
• Officer compensation ratio: 32.3%; rating input score 4; 4th percentile among comparable filings

Growth

• Program expense growth: 7.2% per year; rating input score 100; 52nd percentile among comparable filings
• Revenue growth: 10.4% per year; rating input score 100; 70th percentile among comparable filings
• Asset growth: 26.6% per year; rating input score 100; 91st percentile among comparable filings