ORTHOPAEDIC FOOT & ANKLE FOUNDATION

EIN: 300234329 501(c)(3) Medical Research

SCHAUMBURG, IL

Total Revenue
$1,701,279
Total Expenses
$1,911,733
Total Assets
$13,016,636
Net Assets
$12,495,661
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
IL
Principal Officer
MACALUS HOGAN MD
Phone
8476984654
Tax Period
2024-01-01 to 2024-12-31

ORTHOPAEDIC FOOT & ANKLE FOUNDATION, founded in 2006, is a community nonprofit in the Medical Research sector that reported $1.7M in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. Expenses of $1.9M exceeded revenue, resulting in a 12% operating deficit.

Mission

TO ACTIVELY ADVANCE THE AMERICAN ORTHOPAEDIC FOOT & ANKLE SOCIETY MISSION.

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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 $1,507,199
Program Service Revenue $0
Investment Income $194,080
Other Revenue $0
TOTAL REVENUE $1,701,279

Expense Breakdown

Grants Paid $1,734,294
Salaries & Benefits $0
Fundraising Expenses $18,165
Program Expenses $1,764,546
Other Expenses $177,439
TOTAL EXPENSES $1,911,733

Year-over-Year Comparison

2024 2023 Change
Revenue $1,701,279 $1,865,139 -0.1%
Expenses $1,911,733 $1,722,729 +0.1%
Net Income $-210,454 $142,410 -2.5%
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
9
Independent Members
9
Employees
N/A
Volunteers
24

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
6
$469,766
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MACALUS HOGAN MD PRESIDENT 1.00
Officer Director
$0 $0 $0
JOSEPH S PARK MD PRESIDENT-ELECT 1.00
Officer Director
$0 $0 $0
SHELDON S LIN MD MEMBER-AT-LARGE 1.00
Director
$0 $0 $0
CASEY HUMBYRD MD TREASURER 2.00
Officer Director
$0 $0 $0
CHRISTOPHER CHIODO MD SECRETARY 2.00
Officer Director
$0 $0 $0
SCOTT ELLIS MD MEMBER-AT-LARGE 1.00
Director
$0 $0 $0
DAVID THORDARSON MD MEMBER-AT-LARGE 1.00
Director
$0 $0 $0
JOHNATHON BACKUS MD MEMBER-AT-LARGE 1.00
Director
$0 $0 $0
CONSTATINE DEMETRACOPOULOS MD MEMBER-AT-LARGE 1.00
Director
$0 $0 $0
PETER MANGONE MD PRESIDENT, THROUGH SEPT 2024 1.00
Officer Director
$0 $0 $0
MICHAEL ARONOW MD MEMBER AT LARGE, THROUGH SEPT 2024 1.00
Director
$0 $0 $0
J KENT ELLINGTON MD MEMBER AT LARGE, THROUGH SEPT 2024 1.00
Director
$0 $0 $0
ELAINE LARKIN-LEIGHTON EXECUTIVE DIRECTOR 5.00
Officer
$0 $40,283 $469,766
CATHERINE POWERS DEVELOPMENT SENIOR MGR 39.00
Highest
$0 $33,739 $169,111
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 $1,701,279 $1,911,733 $13,016,636 $-210,454
2023 $1,865,139 $1,722,729 $11,452,985 $142,410
2022 $1,640,128 $1,312,099 $9,313,815 $328,029
2021 $1,439,579 $966,869 $10,882,425 $472,710
2020 $976,931 $941,875 $9,241,790 $35,056
2019 $2,155,085 $1,423,161 $8,113,022 $731,924
2018 $4,175,407 $1,073,311 $6,779,382 $3,102,096
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