THE HIP 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

1968

Legal Domicile

Principal Officer

WILLIAM MACAULAY MD

Phone

8476981638

Tax Period

2024-01-01 to 2024-12-31

THE HIP SOCIETY, founded in 1968, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $237K, a strong 22% operating margin.

Mission

TO ADVANCE KNOWLEDGE OF HIP DISORDERS, PROMOTE EVIDENCE-BASED TREATMENT, AND REFINE SUREGERY OF THE HIP IN ORDER TO IMPROVE THE LIVES OF PATIENTS.

Program Service Accomplishments

Program 1

Expenses: $422,291 Revenue: $555,101

MEETINGS FOR ORTHOPAEDIC SURGEONS AND ENGINEERS WHO HAVE AN INTEREST IN THE HIP SURGERY AND FULL DAY EDUCATIONAL PROGRAM DIVIDED INTO SYMPOSIA AND A SESSION OF AWARD PAPERS.

Program 2

Expenses: $168,170

AWARDS TO ORGANIZATIONS TO PROMOTE RESEARCH IN THE FIELD OF ORTHOPAEDIC SURGERY.

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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 $326,793

Program Service Revenue $521,840

Investment Income $208,376

Other Revenue $33,261

TOTAL REVENUE $1,090,270

Expense Breakdown

Grants Paid $48,000

Salaries & Benefits $264,614

Fundraising Expenses $62

Program Expenses $590,461

Other Expenses $540,368

TOTAL EXPENSES $852,982

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,090,270	$962,066	+0.1%
Expenses	$852,982	$877,442	0.0%
Net Income	$237,288	$84,624	+1.8%

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

$187,914

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM MACAULAY MD	TREASURER	1.00	Officer Director	$0	$0	$0
WILLIAM A JIRANEK MD	IMMEDIATE PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
DON S GARBUZ MD	PRESIDENT	1.00	Officer Director	$0	$0	$0
BRYAN D SPRINGER MD	3RD VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
STEVEN J MACDONALD MD	1ST VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MICHAEL P BOLOGNESI MD	SECRETARY	1.00	Officer Director	$0	$0	$0
MATHIAS PG BOSTROM MD	2ND VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
PAUL E BEAULE MD	COMMITTEE CHAIR	1.00	Director	$0	$0	$0
MATTHEW P ABDEL MD	COMMITTEE CHAIR	1.00	Director	$0	$0	$0
WILLIAM M MIHALKO MD	COMMITTEE CHAIR	1.00	Director	$0	$0	$0
KEITH R BEREND MD	MEMBER	1.00	Director	$0	$0	$0
RAFAEL J SIERRA MD	COMMITTEE CHAIR	1.00	Director	$0	$0	$0
OLGA FOLEY	EXECUTIVE DIRECTOR	40.00	Officer	$156,120	$31,794	$187,914
JOLANTA TRICROCE	EDUCATION AND MEETINGS MANAGER	40.00	Highest	$102,045	$29,535	$131,580

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	$1,090,270	$852,982	$7,561,858	$237,288
2023	$962,066	$877,442	$6,751,603	$84,624
2022	$1,236,691	$985,523	$6,247,099	$251,168
2021	$702,360	$734,093	$6,786,743	$-31,733
2020	$941,638	$661,932	$5,815,622	$279,706
2019	$1,007,519	$948,404	$5,568,414	$59,115
2018	$906,349	$826,224	$4,780,303	$80,125