THE PAIN SOCIETY OF THE CAROLINAS (EIN 271883948) - Form 990 Financial Analysis & Trantor Score

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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

2010

Legal Domicile

Principal Officer

BROOKE CHIDGEY MD

Phone

8445247246

Tax Period

2023-01-01 to 2023-12-31

THE PAIN SOCIETY OF THE CAROLINAS, founded in 2010, is a small nonprofit in the Education sector that reported $302K in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. The organization ran a surplus of $46K, a strong 15% operating margin.

Mission

THE PAIN SOCIETY OF THE CAROLINAS WAS CREATED TO PROVIDE A FORUM FOR HEALTHCARE PROFESSIONALS WITH A MEDICAL INTEREST AND/OR CLINICAL PRACTICE IN ACUTE AND CHRONIC PAIN MANAGEMENT. THE ORGANIZATION CONDUCTS ANNUAL SCIENTIFIC EDUCATIONAL SESSIONS, AND ITS PROGRAM ACTIVITIES INCLUDE FACILITATING PROFESSIONAL DISCUSSION, DEBATE, AND CONSENSUS, AND PROMOTING PAIN MANAGMENT QUALITY OF LIFE TREATMENTS, TECHNIQUES, AND CARE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $288,339

Investment Income $13,855

Other Revenue $0

TOTAL REVENUE $302,194

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $19,800

Program Expenses $171,785

Other Expenses $256,059

TOTAL EXPENSES $256,059

Year-over-Year Comparison

	2023	2022	Change
Revenue	$302,194	$341,446	-0.1%
Expenses	$256,059	$306,627	-0.2%
Net Income	$46,135	$34,819	+0.3%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT WILSON II MD	PAST PRESIDE	N/A		$0	$0	$0
MICHAEL TODD WARRICK	PAST PRESIDE	N/A	Director	$0	$0	$0
RICHARD L BOORTZ-MARX MD	PAST SECRETA	N/A		$0	$0	$0
PAUL LAFAVORE MD	PAST TREASUR	N/A		$0	$0	$0
RICHARD RAUCK MD	DIRECTOR	N/A	Director	$0	$0	$0
BROOKE CHIDGEY MD	PRESIDENT	N/A	Officer	$0	$0	$0
STEVEN PRAKKEN MD	TREASURER	N/A	Officer	$0	$0	$0
RYAN NOBLES MD	DIRECTOR	N/A	Director	$0	$0	$0
SCOTT L RUNYON MD	SECRETARY	N/A	Officer	$0	$0	$0
MICHAEL GABE HILLEGASS MD	PRESIDENT-EL	N/A	Officer	$0	$0	$0
CHRISTOPHER GILMORE MD	DIRECTOR	N/A	Director	$0	$0	$0
ANDREW LOBONC MD	DIRECTOR	N/A	Director	$0	$0	$0
MERON SELASSIE MD	DIRECTOR	N/A	Director	$0	$0	$0
MATTHEW MAUCK MD PHD	DIRECTOR	N/A	Director	$0	$0	$0
WILLIAM SPILLANE MD	PAST PRESIDE	N/A		$0	$0	$0
EDWARD S DELOREY MD	DIRECTOR	N/A	Director	$0	$0	$0
PATRICIA GRANT MD	DIRECTOR	N/A	Director	$0	$0	$0
DEB MCCUTCHEON MD	DIRECTOR	N/A	Director	$0	$0	$0
CHARLES MUNYON MD	DIRECTOR	N/A	Director	$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	No data	No data	No data	No data
2023	$302,194	$256,059	$525,311	$46,135
2022	$341,446	$306,627	$479,027	$34,819
2021	$284,275	$228,694	$444,208	$55,581
2020	$155,659	$196,815	$388,627	$-41,156
2019	$308,058	$213,367	$429,783	$94,691
2018	$401,725	$317,344	$335,356	$84,381

THE PAIN SOCIETY OF THE CAROLINAS