LUMBAR SPINE RESEARCH SOCIETY INC

EIN: 262160175 501(c)(3) Education

OREGON, WI

Total Revenue
$467,576
Total Expenses
$363,885
Total Assets
$608,251
Net Assets
$608,251
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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
2008
Legal Domicile
WI
Principal Officer
JASON SAVAGE MD
Phone
6087708992
Tax Period
2024-01-01 to 2024-12-31

LUMBAR SPINE RESEARCH SOCIETY INC, founded in 2008, is a small nonprofit in the Education sector that reported $468K in total revenue in fiscal year 2024. Revenue grew 20% year-over-year, indicating healthy expansion. The organization ran a surplus of $104K, a strong 22% operating margin.

Mission

TO OPERATE EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL AND SCIENTIFIC PURPOSES, AND IN FURTHERANCE OF SUCH PURPOSES, TO ENGAGE IN THE DEVELOPMENT AND DISSEMINATION OF KNOWLEDGE, INFORMATION, IDEAS, TRENDS, PHILOSOPHIES AND METHODS CONCERNING THE PREVENTION, DIAGNOSIS AND TREATMENT OF DISEASES, DISORDERS, INJURIES, ABNORMALITIES AND OTHER CONDITIONS OF THE LUMBAR SPINE IN CHILDREN AND ADULTS; TO SPONSOR AND CONDUCT MEDICAL RESEARCH RELATING TO THE LUMBAR SPINE AND TO PUBLISH THE RESULTS OF SUCH RESEARCH FOR PUBLIC USE; AND TO SPONSOR AND CONDUCT EDUCATIONAL AND SCIENTIFIC SEMINARS AND PROGRAMS FOR THE PRESENTATION AND DISCUSSION OF MEDICAL AND SCIENTIFIC PAPERS RELATING TO THE LUMBAR SPINE.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $185,675
Program Service Revenue $271,575
Investment Income $10,326
Other Revenue $0
TOTAL REVENUE $467,576

Expense Breakdown

Grants Paid $34,250
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $321,951
Other Expenses $329,635
TOTAL EXPENSES $363,885

Year-over-Year Comparison

2024 2023 Change
Revenue $467,576 $389,861 +0.2%
Expenses $363,885 $327,158 +0.1%
Net Income $103,691 $62,703 +0.7%
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

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Governance

Voting Members
N/A
Independent Members
N/A
Employees
N/A
Volunteers
N/A

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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JASON SAVAGE MD PRESIDENT 1.00
Officer
$0 $0 $0
MICHAEL STEINMETZ MD SECRETARY 1.00
Officer
$0 $0 $0
MICHAEL LEE MD TREASURER 1.00
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
2025 No data No data No data No data
2024 $467,576 $363,885 $608,251 $103,691
2023 $389,861 $327,158 $504,560 $62,703
2022 $227,755 $187,031 $441,857 $40,724
2021 $170,148 $97,839 $401,133 $72,309
2020 $226,183 $93,692 $328,824 $132,491
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