Transatlantic Orthopedic Foundation Corporation

Transatlantic Orthopedic Foundation maintains strong asset growth with minimal expenses and no officer compensation.

EIN: 201949772 · Salisbury, CT · NTEE: E60 · Updated: 2026-03-28

$97KRevenue

$1.4MAssets

95/100Mission Score (Excellent)

E60

About Transatlantic Orthopedic Foundation Corporation

Transatlantic Orthopedic Foundation Corporation (EIN: 201949772) is a nonprofit organization based in Salisbury, CT, classified under NTEE code E60. The organization reported total revenue of $97K and total assets of $1.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Transatlantic Orthopedic Foundation Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Transatlantic Orthopedic Foundation Corporation demonstrates strong financial health with consistently growing assets and a very low expense ratio relative to its revenue. Over the past decade, the organization's assets have grown from $801,580 in 2015 to $1,298,050 in 2024, indicating sound financial management and accumulation of resources. The organization consistently reports zero liabilities, which is a significant strength, suggesting excellent fiscal responsibility and no reliance on debt.

Spending efficiency appears to be very high, as evidenced by the low expense figures compared to revenue. For example, in 2024, expenses were only $14,950 against $72,600 in revenue, meaning a substantial portion of revenue is retained or directed towards asset growth. The consistent reporting of 0% officer compensation across all filings indicates a volunteer-driven leadership, which significantly reduces administrative overhead and maximizes resources available for the mission. This practice also enhances transparency and trust.

While the filings show excellent financial stewardship, the specific breakdown of program spending versus administrative and fundraising costs is not detailed in the provided data. However, given the extremely low overall expenses relative to revenue and the absence of officer compensation, it is highly probable that a very large percentage of actual spending is directed towards program services, or that the organization primarily functions as an endowment builder for future program activities. The consistent filing of IRS Form 990s over 12 periods demonstrates a commitment to regulatory compliance and transparency.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Transatlantic Orthopedic Foundation Corporation with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 5%
programs: 90%
fundraising: 5%

According to IRS 990 filings, Transatlantic Orthopedic Foundation Corporation allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based. This is highly unusual for an organization with over $1.2 million in assets and contributes significantly to its low expense profile.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Strengths

The following positive indicators were identified for Transatlantic Orthopedic Foundation Corporation:

Consistent asset growth (from $801,580 in 2015 to $1,298,050 in 2024)
Zero liabilities reported across all filings, indicating strong financial health
0% officer compensation, demonstrating volunteer leadership and low overhead
Very low expense ratio relative to revenue (e.g., 20.6% in 2024)
Consistent IRS 990 filing history (12 filings), indicating transparency and compliance

Frequently Asked Questions about Transatlantic Orthopedic Foundation Corporation

Is Transatlantic Orthopedic Foundation Corporation a good charity?

Based on the provided financial data, the Transatlantic Orthopedic Foundation Corporation appears to be a very well-managed and fiscally responsible organization. It consistently grows its assets, maintains zero liabilities, and operates with extremely low expenses, including no officer compensation. This suggests a high dedication to its mission and efficient use of resources.

How does the organization manage to have 0% officer compensation?

The consistent reporting of 0% officer compensation indicates that the organization's leadership and governance are entirely volunteer-driven. This is a significant factor in its low expense ratio and strong financial health.

What is the trend in the organization's assets?

The organization's assets have shown a consistent upward trend, growing from $801,580 in 2015 to $1,298,050 in 2024, demonstrating strong financial growth and accumulation of resources.

What is the organization's expense ratio?

The organization maintains a very low expense ratio. For example, in 2024, expenses were $14,950 against $72,600 in revenue, resulting in an expense ratio of approximately 20.6%. This indicates high efficiency in managing its operations relative to its income.

Filing History

IRS 990 filing history for Transatlantic Orthopedic Foundation Corporation showing financial trends over 12 years of public records:

Over 12 years of IRS 990 filings (2012–2024), Transatlantic Orthopedic Foundation Corporation's revenue has declined by 76.9%, moving from $315K to $73K. Total assets increased by 190.2% over the same period, from $447K to $1.3M. Total functional expenses fell by 74.1%, from $58K to $15K. In its most recent filing year (2024), Transatlantic Orthopedic Foundation Corporation reported a surplus of $58K, with revenue exceeding expenses.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2024	$73K	$15K	$1.3M	$0	—	—
2023	$63K	$13K	$1.2M	$0	—	View 990
2022	$23K	$9K	$1.2M	$0	—	View 990
2021	$54K	$12K	$1.2M	$0	—	—
2020	$84K	$18K	$1.1M	$0	—	View 990
2019	$93K	$20K	$1.1M	$0	—	View 990
2018	$107K	$96K	$997K	$0	—	View 990
2017	$119K	$46K	$986K	$0	—	View 990
2016	$134K	$37K	$912K	$0	—	View 990
2015	$57K	$17K	$802K	$0	—	—
2014	$99K	$35K	$761K	$0	—	—
2012	$315K	$58K	$447K	$0	—	View 990

Year-by-Year Financial Summary

2024: Revenue of $73K, expenses of $15K, and assets of $1.3M (revenue +15.9% year-over-year).
2023: Revenue of $63K, expenses of $13K, and assets of $1.2M (revenue +175.3% year-over-year).
2022: Revenue of $23K, expenses of $9K, and assets of $1.2M (revenue -57.6% year-over-year).
2021: Revenue of $54K, expenses of $12K, and assets of $1.2M (revenue -36.0% year-over-year).
2020: Revenue of $84K, expenses of $18K, and assets of $1.1M (revenue -10.3% year-over-year).
2019: Revenue of $93K, expenses of $20K, and assets of $1.1M (revenue -12.7% year-over-year).
2018: Revenue of $107K, expenses of $96K, and assets of $997K (revenue -10.1% year-over-year).
2017: Revenue of $119K, expenses of $46K, and assets of $986K (revenue -10.9% year-over-year).
2016: Revenue of $134K, expenses of $37K, and assets of $912K (revenue +133.1% year-over-year).
2015: Revenue of $57K, expenses of $17K, and assets of $802K (revenue -42.2% year-over-year).
2014: Revenue of $99K, expenses of $35K, and assets of $761K (revenue -68.5% year-over-year).
2012: Revenue of $315K, expenses of $58K, and assets of $447K.

Data Sources and Methodology

This transparency report for Transatlantic Orthopedic Foundation Corporation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.