THE KNEE SOCIETY

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1983

Legal Domicile

Principal Officer

MICHAEL A MONT MD

Phone

8476981632

Tax Period

2024-01-01 to 2024-12-31

THE KNEE SOCIETY, founded in 1983, is a community nonprofit that reported $2.5M in total revenue in fiscal year 2024. Revenue surged 34% from the prior year, signaling strong growth momentum. Expenses of $2.1M left a modest 15% surplus.

Mission

THE KNEE SOCIETY OPERATES TO PROMOTE OUTSTANDING CARE TO PATIENTS WITH KNEE DISORDERS THROUGH INNOVATIVE RESEARCH AND EDUCATION.

Program Service Accomplishments

Program 1

Expenses: $1,860,868 Revenue: $1,895,623

EDUCATIONAL EVENTS ARE DESIGNED TO PROVIDE PRACTICING ORTHOPAEDIC SURGEONS WITH CURRENT INFORMATION REGARDING DISORDERS OF THE KNEE, SURGICAL AND NON-SURGICAL TREATMENTS FOR THE KNEE, AND EMERGING...

EDUCATIONAL EVENTS ARE DESIGNED TO PROVIDE PRACTICING ORTHOPAEDIC SURGEONS WITH CURRENT INFORMATION REGARDING DISORDERS OF THE KNEE, SURGICAL AND NON-SURGICAL TREATMENTS FOR THE KNEE, AND EMERGING TECHNOLOGY. SCIENTIFIC PAPERS AND SYMPOSIA WILL PRESENT INFORMATION ON TOTAL KNEE ARTHROPLASTY TO ENGANCE THE CARE OF PATIENTS WITH PAINFUL, ARTHITIC KNEE JOINTS. THE SOCIETY ALSO PROVIDES MEMBERS WITH THE ABILITY TO ORGANIZE VARIOUS EDUCATIONAL SEMINARS AND LECTURES PROVIDED ON INTERIM BASIS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $355,023

Program Service Revenue $1,843,247

Investment Income $228,228

Other Revenue $52,376

TOTAL REVENUE $2,478,874

Expense Breakdown

Grants Paid $14,016

Salaries & Benefits $269,740

Fundraising Expenses $2,730

Program Expenses $1,860,868

Other Expenses $1,834,425

TOTAL EXPENSES $2,118,181

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,478,874	$1,844,196	+0.3%
Expenses	$2,118,181	$1,855,628	+0.1%
Net Income	$360,693	$-11,432	-32.6%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

200

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HENRY D CLARKE MD	PRESIDENT	1.00	Officer Director	$0	$0	$0
STEVEN B HAAS MD	1ST VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
CRAIG J DELLA VALLE MD	2ND VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
RICHARD IORIO MD	3RD VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
WILLIAM J MALONEY III MD	IMMEDIATE PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
SCOTT M SPORER MD	SECRETARY	1.00	Officer Director	$0	$0	$0
MICHAEL A MONT MD	TREASURER	1.00	Officer Director	$0	$0	$0
DAVID J MAYMAN MD	COMMITTEE CHAIR	1.00	Director	$0	$0	$0
JAMES A BROWNE MD	COMMITTEE CHAIR	1.00	Director	$0	$0	$0
GWO-CHIN LEE MD	COMMITTEE CHAIR	1.00	Director	$0	$0	$0
WILLIAM G HAMILTON MD	MEMBER	1.00	Director	$0	$0	$0
JESS H LONNER MD	MEMBER	1.00	Director	$0	$0	$0
SHUICHI MATSUDA MD	MEMBER	1.00	Director	$0	$0	$0
OLGA FOLEY	EXECUTIVE DIRECTOR	40.00	Officer	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$2,478,874	$2,118,181	$5,852,254	$360,693
2023	$1,844,196	$1,855,628	$5,164,946	$-11,432
2022	$2,113,472	$1,978,838	$4,857,007	$134,634
2021	$1,876,790	$1,738,650	$4,620,112	$138,140
2020	$1,117,754	$836,821	$3,970,330	$280,933
2019	$683,573	$579,992	$3,374,539	$103,581
2018	$660,000	$591,206	$2,925,413	$68,794