PIEDMONT ORTHOPEDIC FOUNDATION 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

1963

Legal Domicile

Principal Officer

WILLIAM ANDREWS

Phone

4349425610

Tax Period

2024-01-01 to 2024-12-31

PIEDMONT ORTHOPEDIC FOUNDATION INC, founded in 1963, is a small nonprofit in the Medical Research sector that reported $895K in total revenue in fiscal year 2024. Revenue surged 39% from the prior year, signaling strong growth momentum. The organization ran a surplus of $166K, a strong 19% operating margin.

Mission

ENCOURAGE THE STUDY AND DEVELOPMENT OF THE SCIENCE AND PRACTICE OF ORTHOPEDICS THROUGH GRANTS FROM THE INCOME OF ASSETS OF THE CORPORATION, EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL AND SCIENTIFIC PURPOSES AS MAY QUALIFY UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE.

Program Service Accomplishments

Program 1

Expenses: $652,924 Revenue: $309,427

EDUCATIONAL COSTS FOR THE ANNUAL MEETING OF PIEDMONT ORTHOPEDIC SOCIETY. THE SOCIETY PARTNERED WITH DUKE UNIVERSITY SCHOOL OF MEDICINE TO PROVIDE ACCREDITED CONTINUING MEDICAL EDUCATION.

Program 2

Expenses: $18,080

JOHN A FEAGIN INTERNATIONAL LEADERSHIP FORUM PARTNERED WITH DUKE UNIVERSITY SPORTS MEDICINE AND CORPORATE EDUCATION BRINGS TOGETHER A DIVERSE MIX OF LEADERS FROM MEDICINE, BUSINESS, THE MILITARY AND ATHLETICS. FUNDS FROM THE ENDOWMENT ARE USED TO PROVIDE A FOUNDATION IN LEADERSHIP TRAINING TO THE DUKE COMMUNITY AND OUTSIDE ORGANIZATIONS WITH THE EMPHASIS ON OPPORTUNITIES FOR SPORTS MEDICINE FELLOWS, ORTHOPEDIC RESIDENTS, MEDICAL STUDENTS AND UNDERGRADUATE STUDENTS.

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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 $315,719

Program Service Revenue $309,427

Investment Income $269,588

Other Revenue $0

TOTAL REVENUE $894,734

Expense Breakdown

Grants Paid $104,182

Salaries & Benefits $32,936

Fundraising Expenses $0

Program Expenses $671,004

Other Expenses $591,684

TOTAL EXPENSES $728,802

Year-over-Year Comparison

	2024	2023	Change
Revenue	$894,734	$641,663	+0.4%
Expenses	$728,802	$622,001	+0.2%
Net Income	$165,932	$19,662	+7.4%

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
GARY M LOURIE MD	PRESIDENT	2.00	Officer Director	$0	$0	$0
MACK ALDRIDGE MD	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
WILLIAM C ANDREWS MD	SECRETARY/TREASURER	2.00	Officer 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	$894,734	$728,802	$3,032,600	$165,932
2023	$641,663	$622,001	$2,865,649	$19,662
2022	$733,608	$560,255	$2,845,987	$173,353
2021	$708,186	$573,749	$2,672,634	$134,437
2020	$494,309	$153,679	$2,538,197	$340,630
2019	$658,524	$608,417	$2,197,567	$50,107
2018	$580,961	$402,451	$2,147,460	$178,510