NOAH WORCESTER DERMATOLOGICAL SOCI… - Form 990 Financial Data

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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

1963

Legal Domicile

Principal Officer

JULIE HODGE MD

Phone

3172575907

Tax Period

2024-08-01 to 2025-07-31

NOAH WORCESTER DERMATOLOGICAL SOCIETY, founded in 1963, is a small nonprofit in the Medical Research sector that reported $736K in total revenue in fiscal year 2024.

Mission

EDUCATION: PROVIDE MEMBERS WITH CUTTING-EDGE MEDICAL EDUCATION AND OPPORTUNITIES TO EARN CME CREDIT. LEADERSHIP & MENTORSHIP: NOAH'S RELATIVELY SMALL, CLOSE-KNIT SOCIETY PROVIDES AN EXCELLENT PLATFORM FOR YOUNGER DERMATOLOGISTS TO INTERACT WITH AND LEARN FROM MORE EXPERIENCED, SENIOR COLLEAGUES. PHILANTHROPY: IN ITS 62-YEAR HISTORY, NOAH HAS PROVIDED GRANTS TO MOST LEADING MEDICAL SCHOOLS AND DEPARTMENTS OF DERMATOLOGY TO FURTHER EDUCATION AND FUND SKIN DISEASE RESEARCH. THE SOCIETY ALSO REGULARLY CONTRIBUTES TO THE DERMATOLOGY FOUNDATION, CAMP DISCOVERY, AND OTHER CHARITABLE ORGANIZATIONS.

Program Service Accomplishments

Program 1

Expenses: $630,687 Revenue: $75,940

PROVIDES CONTINUING MEDICAL EDUCATION TO DERMATOLOGISTS IN NORTH AMERICA.

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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 $661,190

Program Service Revenue $75,940

Investment Income $-1,436

Other Revenue $0

TOTAL REVENUE $735,694

Expense Breakdown

Grants Paid $165,521

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $630,687

Other Expenses $552,892

TOTAL EXPENSES $718,413

Year-over-Year Comparison

	2024	2023	Change
Revenue	$735,694	$688,346	+0.1%
Expenses	$718,413	$963,209	-0.3%
Net Income	$17,281	$-274,863	-1.1%

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

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
JULIE HODGE MD	PRESIDENT	1.00	Officer Director	$0	$0	$0
KATHLEEN HECTORNE MD	PRESIDENT-ELECT	1.00	Officer Director	$0	$0	$0
MICHAEL O'DONOGHUE MD	TREASURER	1.00	Officer Director	$0	$0	$0
MICHAEL GREENBERG MD	PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
ALINA BRIDGES MD	TRUSTEE	1.00	Director	$0	$0	$0
CRAIG EICHLER MD	TRUSTEE	1.00	Director	$0	$0	$0
ALISON EHRLICH MD	TRUSTEE	1.00	Director	$0	$0	$0
LISA GARNER MD	TRUSTEE	1.00	Director	$0	$0	$0
LARRY GREEN MD	TRUSTEE	1.00	Director	$0	$0	$0
ANDREW ONDO MD	TRUSTEE	1.00	Director	$0	$0	$0
ANISHA PATEL MD	TRUSTEE	1.00	Director	$0	$0	$0
MELISSA PILIANG MD	TRUSTEE	1.00	Director	$0	$0	$0
CYNDI YAG-HOWARD MD	TRUSTEE	1.00	Director	$0	$0	$0
MICHELLE TARBOX MD	TRUSTEE	1.00	Director	$0	$0	$0
NICOLE BRANDT CAE	EXECUTIVE DIRECTOR	3.00	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	$735,694	$718,413	$1,568,955	$17,281
2024	$688,346	$963,209	$1,350,598	$-274,863
2023	$839,334	$656,426	$1,789,933	$182,908
2022	$724,167	$564,292	$1,500,701	$159,875
2021	$539,957	$321,394	$1,403,336	$218,563
2020	$243,229	$113,713	$1,178,031	$129,516
2019	$465,219	$471,435	$1,048,716	$-6,216

NOAH WORCESTER DERMATOLOGICAL SOCIETY