Tennessee Orthopaedic Foundation for Education and Research (Tofer)

Nonprofit profile at a glance

EIN
264245045
IRS 990-EZ coverage
2011–2024
Forms available
Form 990-EZ 2024
Location
Nashville, TN, USA
Phone
6156951407
Rating
63
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Nerve, Muscle, Bone Diseases Research

Reported finances

Revenue
$199,999
Expenses
$393,447
Assets
$12,622
Liabilities
$548,030

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

11 people listed

Executive titles in this filing

  • DR RYAN SNOWDEN (PRESIDENT)

People named in this filing

  • ERIKA FRAZIER (FORMER SECRETARY/ED OF RESEARCH)
  • LUCY CARTER (AUTHORIZED SIGNER)
  • DR RYAN SNOWDEN (PRESIDENT)

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 significantly improve the treatment and outcome of bone, joint and muscular disorders caused by disease and injury through conducting agressive orthopaedic scientific research, providing educational programs to share discoveries, furthering professional and public awareness of orthopaedics, and cooperating with existing researchers and institutions to form partnerships between academic and industrial and clinical communities.

What it reported doing in 2024

Community outreach/educational activities research internship program - increase the opportunity of deserving students within our local community to gain exposure to various aspects of healthcare specifically sports medicine/orthopedics and research key areas of exposure include orthopedic surgery & clinical rotation along with radiology, anesthesia, physical therapy, data analytics and research community outreach/educational activities - continuing to expand current programs & lectures at local schools/universities increasing mentorships & participation in community outreach

Operating model

Revenue model
Earned-program. 100% 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

SUPPORTED - The filed numbers largely add up and program spending has grown recently. A relatively small share of total spending goes to programs and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 52
  • Transparency & Controls: 82
  • Sustainability: 3
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 64.3%; rating input score 64
  • Program expense ratio: 32.7%; rating input score 33

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -96.7%; rating input score 1; 1st percentile among comparable filings
  • Total-asset coverage ratio: 0.03; rating input score 6; 6th percentile among comparable filings
  • Liabilities to assets ratio: 43.42; rating input score 0; 0th percentile among comparable filings
  • Officer compensation ratio: 40.2%; rating input score 7; 7th percentile among comparable filings

Growth

  • Program expense growth: 0.3% per year; rating input score 100; 31st percentile among comparable filings
  • Revenue growth: 6.4% per year; rating input score 100; 54th percentile among comparable filings
  • Asset growth: -8.7% per year; rating input score 0; 12th percentile among comparable filings

Details

  • Where the money goes: 64.3% of revenue deployed · 32.7% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 2 filed program accomplishments · $129K in reported program spending
  • Leadership: top reported pay $0 · 11 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 14 filing years from 2011 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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.

  • Moderate — Financial Efficiency: Program expense ratio scored 33/100.
  • High — Sustainability: Operating margin scored 1/100.
  • High — Sustainability: Total-asset coverage ratio scored 6/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 7/100.