Neuability EIN 26-3221944

Neuability FY2020 filing

EIN  26-3221944 Public charity (501(c)(3)) Denver, CO
Form 990 (PDF)
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Size
$100K–1M
What they do
Offers adaptive exercise and integrative therapy for spinal cord injury and paralysis.
Leadership
Dr Jay Seller · Executive Di · $60K
Money in and out
$462K revenue, $483K expenses
Bottom line
81% program efficiency

Offers adaptive exercise and integrative therapy for spinal cord injury and paralysis. For fiscal year 2020 it reported $462K in revenue, $483K in expenses, and $189K in net assets.Pt I

Where the money goes · FY2020
Total revenue
$462K
Pt VIII · Ln 12
Total expenses
$483K
Pt IX · Ln 25
Net assets
$189K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$21K
Where spending went · Part IX cols B–D
Program services $0.81 Management & general $0.14 Fundraising $0.05
Program efficiency
81%
of spending reaches programs
Operating runway
5.9mo
months of highly liquid reserves at operating expense rate
Surplus margin
-5%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$462K
FY2020
Expenses
$483K
FY2020
Total assets
$328K
FY2020
Total liabilities
$138K
FY2020
Total revenue
$462K
Pt VIII · Ln 12
Total expenses
$483K
Pt IX · Ln 25
Net assets
$189K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$21K
Total assetsPt X · Ln 16$328K
Program-expense ratioPt IX · col B81%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49
Mission & Programs · Part III

Where the work happens

4 program services account for $780K of program spending, described in the organization's own filed words · FY2020.
01

Adaptive Rehabilitative Exercise

One-on-one adaptive exercise programs tailored to meet the goals of individuals of any age. Program promotes recovery and well-being for individuals affected by spinal cord injury or other forms of paralysis.

$236Kprogram expense
02

Adaptive Rehabilitative Exercise

One-on-one adaptive exercise programs tailored to meet the goals of individuals of any age. Program promotes recovery and well-being for individuals affected by spinal cord injury or other forms of paralysis.

$232Kprogram expense
03

Integrative Therapy

Provides spinal cord injury patients with acupuncture, massage therapy, and chiropractic care, funded through the sci waiver program with the colorado department of health care policy and financing.

$157Kprogram expense
04

Integrative Therapy

Provides spinal cord injury patients with acupuncture, massage therapy, and chiropractic care, funded through the sci waiver program with the colorado department of health care policy and financing.

$155Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CNeuability
EINHdr · item D26-3221944
Principal addressHdr · item CDenver, CO
WebsiteHdr · item Jwww.neuability.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCO
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHealth Care (E50)
Ruling yearIRS BMFFeb 2009

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b9
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Di
$59,794Pt VII · Sec A
Executive Di
$59,794Pt VII · Sec A
Executive Di
$20,319Pt VII · Sec A
Executive Di
$20,319Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Riley Kelner’s $64K as Executive Di is at the 48th percentile of top reported officer pay among 1965 $100K–1M health care nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Riley Kelner$64,000$54,231
Dr Jay Seller$59,794
Davis Hirschfeld$44,384$21,250
Bridgett Comer$29,471$20,319

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Program service revenue$277K · 60%
Contributions & grants$176K · 38%
Other revenue$8K · 2%
Program service revenue60%$277K
Contributions & grants38%$176K
Other revenue2%$8K
Investment income$580
Total revenueLn 12$462K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.81 Management & general $0.14 Fundraising $0.05
Program services81%$393K
Management & general14%$67K
Fundraising5%$23K
Total functional expensesLn 25$483K

Balance Sheet

Part X · end of year
CashLn 1$236K
Total assetsLn 16$328K
Total liabilitiesLn 26$138K
Total net assetsLn 32$189K
Months of cash on handcomputed5.9

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $236K · Operating expenses/yr $483K
5.9 months
Where the money goes
Program services
Program services $387K · Total expenses $475K
81%
Management & General
Management & general $66K · Total expenses $475K
14%
Fundraising
Fundraising $22K · Total expenses $475K
5%
Cost to raise $1
Fundraising expense $22K · Solicited contributions $176K
$0.13 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $176K · Total revenue $462K
38%
Government reliance
Government grants — · Total revenue $462K
Earned-income share
Program service revenue $277K · Total revenue $462K
60%
Investment reliance
Investment income $580 · Total revenue $462K
0%
Program self-sufficiency
Program service revenue $277K · Total expenses $483K
57%
Growth & trend
Revenue growth (YoY)
This year $462K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $189K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $462K · Expenses $483K
-5%
Liabilities-to-Assets
Total liabilities — · Total assets $328K
Net-asset ratio
Net assets $189K · Total assets $328K
58%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $328K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Dr Jay Seller · Reported title EXECUTIVE DI · Highest reported compensation $60K · Total expenses $483K
12%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $231K · Total expenses $483K
48%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 81%
Overhead ratio 14%
Fundraising cost ratio 13%
Accounting fee ratio 1%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 5 funders →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$876K revenue · ⤓ 990 PDF
FY2023$640K revenue · ⤓ 990 PDF
FY2022$699K revenue · ⤓ 990 PDF
FY2021$546K revenue · ⤓ 990 PDF
FY2020$462K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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