SOUTHERN ORTHOPAEDIC ASSOCIATION (EIN 630876120) - 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

1983

Legal Domicile

Principal Officer

H CLAYTON THOMASON III

Phone

4104944994

Tax Period

2023-01-01 to 2023-12-31

SOUTHERN ORTHOPAEDIC ASSOCIATION, founded in 1983, is a small nonprofit that reported $676K in total revenue in fiscal year 2023. Revenue decreased 16% compared to the prior year. Expenses of $652K left a modest 4% surplus.

Mission

TO PROMOTE, ENCOURAGE, FOSTER, AND ADVANCE THE ART OF SCIENCE AND ORTHOPAEDIC SURGERY AND MATTERS RELATED THERETO, AND TO ESTABLISH A FORUM FOR FREE DISCUSSION AND TEACHING OF ORTHOPAEDIC METHODS AND PRINCIPLES AMONG THE MEMBERS.

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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 $153,424

Program Service Revenue $471,650

Investment Income $51,305

Other Revenue $0

TOTAL REVENUE $676,379

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $423,347

Other Expenses $651,650

TOTAL EXPENSES $651,650

Year-over-Year Comparison

	2023	2022	Change
Revenue	$676,379	$802,203	-0.2%
Expenses	$651,650	$711,987	-0.1%
Net Income	$24,729	$90,216	-0.7%

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
ANDREW A SHINAR MD	IMMEDIATE PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
BEN A ALMAN MD	PRESIDENT-ELECT	1.00	Officer Director	$0	$0	$0
C LOWREY BARNES MD	CO-EDITOR	1.00	Director	$0	$0	$0
CHRISTOPHER A HECK MD	SECRETARY/VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
DARREN L JOHNSON MD	EDUCATION COMMITTEE CHAIR	1.00	Director	$0	$0	$0
DR MICHAEL P HORAN SR	SOA BOC REPRSENTATIVE	1.00	Director	$0	$0	$0
E LYLE CAIN MD	BOARD TRUSTEE	1.00	Director	$0	$0	$0
FREDERICK C FLANDRY MD FACS	HISTORIAN	1.00	Director	$0	$0	$0
GREGORY GRABOWSKI MD	MEMBER UNDER 40	1.00	Director	$0	$0	$0
H CLAYTON THOMASON III MD	PRESIDENT	1.00	Officer Director	$0	$0	$0
JAMES A BROWNE MD	TREASURER	1.00	Officer Director	$0	$0	$0
KEVIN W FARMER MD	BOARD TRUSTEE	1.00	Director	$0	$0	$0
L ANDREW KOMAN MD	CO-EDITOR	1.00	Director	$0	$0	$0
LEE R LEDDY MD	BOARD TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL BOLOGNESI MD	BOARD TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL O'BRIEN MD	BOARD TRUSTEE	1.00	Director	$0	$0	$0
SCOTT D MAIR MD	SAE CHAIR, BOARD TRUSTEE	1.00	Director	$0	$0	$0
SHAWN SKIP GILBER MD	BOARD TRUSTEE	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	No data	No data	No data	No data
2023	$676,379	$651,650	$1,961,498	$24,729
2022	$802,203	$711,987	$1,635,526	$90,216
2021	$858,705	$713,466	$1,798,046	$145,239
2020	$212,612	$316,160	$1,412,055	$-103,548
2019	$710,388	$660,105	$1,437,675	$50,283
2018	$636,487	$616,976	$1,381,388	$19,511

SOUTHERN ORTHOPAEDIC ASSOCIATION