THE ORTHOFORUM INC

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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

2012

Legal Domicile

Principal Officer

DAVE STRIDDE

Phone

8653925242

Tax Period

2024-01-01 to 2024-12-31

THE ORTHOFORUM INC, founded in 2012, is a community nonprofit in the Community Improvement sector that reported $4.5M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $4.1M left a modest 9% surplus.

Mission

THE ORTHOFORUM INC. WAS ESTABLISHED TO MAINTAIN A PRODUCTION AND FINANCIAL BENCHMARKING DATABASE, TO SHARE BEST PRACTICES FOR MANAGEMENT AND OPERATIONS AND TO IDENTIFY TRENDS IMPACTING ORTHOPAEDIC GROUP PRACTICES.

Program Service Accomplishments

Program 1

MAINTAIN A PRODUCTION AND FINANCIAL BENCHMARKING DATABASE, SHARING BEST PRACTICES FOR MANAGEMENT AND OPERATIONS, AND IDENTIFYING INDUSTRY TRENDS IMPACTING ORTHOPAEDIC GROUP PRACTICES.

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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 $1,374,192

Program Service Revenue $2,504,500

Investment Income $126,507

Other Revenue $504,929

TOTAL REVENUE $4,510,128

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,088,904

Fundraising Expenses $0

Other Expenses $2,023,856

TOTAL EXPENSES $4,112,760

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,510,128	$4,153,578	+0.1%
Expenses	$4,112,760	$3,801,605	+0.1%
Net Income	$397,368	$351,973	+0.1%

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

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

$537,027

Total Directors

$49,375

Key Employees

$337,597

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HEATH KIRSCHNER	DIRECTOR	1.00	Highest	$312,000	$32,619	$344,619
GLENN D SUMNER	FORMER PRESI	1.00	Key Emp	$212,000	$897	$337,597
KAREN SIMONTON	CEO	1.00	Officer	$252,000	$32,292	$284,292
DAVE STRIDDE	COO	1.00	Officer	$228,021	$24,714	$252,735
JOSEPH HOPPER	DIRECTOR OF	1.00	Highest	$151,346	$6,738	$158,084
RUSTY YOUNGKIN	SERVICES MAN	3.00	Highest	$134,262	$13,167	$147,429
STACEY HOLLAND	OPERATIONS D	2.00	Highest	$119,262	$4,770	$124,032
BECKY FARMER	DIRECTOR	1.00	Director	$5,625	$0	$5,625
CHARLES BUSH-JOSEPH MD	DIRECTOR	1.00	Director	$5,625	$0	$5,625
WILL KURTZ MD	DIRECTOR	1.00	Director	$5,625	$0	$5,625
TREY WILLIAMSON	DIRECTOR	1.00	Director	$5,000	$0	$5,000
FRANK V ALUISIO	DIRECTOR	1.00	Director	$2,500	$0	$2,500
KEN BROCKMAN	DIRECTOR	1.00	Director	$2,500	$0	$2,500
GIRIDHAR BURRA	DIRECTOR	1.00	Director	$2,500	$0	$2,500
KEVIN JOYCE	DIRECTOR	1.00	Director	$2,500	$0	$2,500
NICK GROSSO MD	DIRECTOR	1.00	Director	$2,500	$0	$2,500
RAY NICKEL MD	DIRECTOR	1.00	Director	$2,500	$0	$2,500
LISA MEAD	DIRECTOR	1.00	Director	$2,500	$0	$2,500
JOANN REIS	DIRECTOR	1.00	Director	$2,500	$0	$2,500
BENJAMIN R SHAH	DIRECTOR	1.00	Director	$2,500	$0	$2,500
DAVID J UBA	DIRECTOR	1.00	Director	$2,500	$0	$2,500
ARTHUR VALADIE	DIRECTOR	1.00	Director	$2,500	$0	$2,500
MICHAEL J MCCASLIN	CHAIRMAN	1.00	Officer Director	$0	$0	$0
KAREN SIMONTON	DIRECTOR	1.00	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	$4,510,128	$4,112,760	$5,815,146	$397,368
2023	$4,153,578	$3,801,605	$4,988,025	$351,973
2022	$3,612,497	$3,778,723	$4,026,436	$-166,226
2022	$3,612,497	$3,167,515	$4,637,644	$444,982
2021	$3,492,484	$2,953,862	$4,428,981	$538,622
2020	$2,333,230	$2,457,670	$4,541,580	$-124,440
2019	$2,767,682	$2,452,593	$4,583,324	$315,089
2018	$2,903,434	$2,441,698	$3,746,139	$461,736