INTERNATIONAL FEDERATION OF SOCIET… - 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

2015

Legal Domicile

Principal Officer

DANIEL NAGLE

Phone

3129291964

Tax Period

2023-01-01 to 2023-12-31

INTERNATIONAL FEDERATION OF SOCIETIES OF SURGERY OF THE HAND, founded in 2015, is a small nonprofit in the Human Services sector that reported $120K in total revenue in fiscal year 2023. Revenue fell 85% from the prior year — a significant decline worth monitoring. Expenses of $181K exceeded revenue, resulting in a 51% operating deficit.

Mission

TO COORDINATE THE ACTIVITIES OF THE VARIOUS SOCIETIES FOR SURGERY OF THE HAND THROUGHOUT THE WORLD, AND IN THIS WAY INCREASE AND SPREAD KNOWLEDGE OF SURGERY OF THE HAND.

Program Service Accomplishments

Program 1

Expenses: $446

THE FEDERATION CONDUCTS A MAJOR SCIENTIFIC EVENT EVERY THREE YEARS (THE "CONGRESS"). THE CONGRESS INCLUDES SCIENTIFIC PUBLICATIONS AND A FULL SCIENTIFIC PROGRAM INCLUDING LECTURES AND PRESENTATIONS. ATTENDEES INCLUDE MEMBERS OF THE FEDERATION'S MEMBER ORGANIZATIONS AND TRAINEE SURGEONS FROM AROUND THE WORLD. IN 2022 THE SCIENTIFIC CONGRESS WAS HELD IN LONDON, UNITED KINGDOM, (JUNE 6TH-10TH) AND ATTRACTED 3,765 REGISTRANTS FROM 91 COUNTRIES. MOST OF THE ACTIVITY FROM THIS CONGRESS WAS REPORTED IN THIS 2022 FORM 990. THE NEXT SCIENTIFIC CONGRESS WILL BE HELD IN WASHINGTON, DC, MARCH 24TH-28TH, 2025.

Program 2

Expenses: $94,984

THE FEDERATION SUPPORTS THE DEVELOPMENT AND ADVANCEMENT OF THE SCIENCE OF HAND SURGERY WORLDWIDE BY MAKING GRANTS TO OTHER NOT-FOR-PROFIT HAND SURGERY SOCIETIES TO FUND EDUCATIONAL OPPORTUNITIES AND ACTIVITIES LIKELY TO IMPROVE THE QUALITY OF HAND SURGERY THROUGHOUT THE WORLD. IN 2023, GRANTS WERE PROVIDED TO SUPPORT EDUCATION WORLDWIDE. LMIC AND TRAINEE REGISTRANTS WERE SPONSORED TO ATTEND THE 2023 ASIAN-PACIFIC FEDERATION OF SOCIETIES FOR SURGERY OF THE HAND (APFSSH) CONGRESS AND THE WORLD CONGENITAL SYMPOSIUM. GRANTS WERE APPROVED TO TO ASSIST THE PREPARATION OF THE "CURRENT PRACTICE IN HAND SURGERY" TEXTBOOK. AN IFSSH VISITING PROFESSORSHIP WAS FUNDED WITH A SELECTED EAST ASIAN PROFESSOR ATTENDING A RANGE OF EDUCATIONAL ACTIVITIES IN EUROPE.

Program 3

Expenses: $30,882

THE FEDERATION PUBLISHES AN EZINE (E-MAGAZINE) WHICH INCLUDES SCIENTIFIC ARTICLES CONTRIBUTED BY VARIOUS INDIVIDUAL SURGEONS, MEDICAL PROFESSIONALS, PROFESSORS AND OTHERS.

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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 $11,687

Program Service Revenue $82,561

Investment Income $26,165

Other Revenue $0

TOTAL REVENUE $120,413

Expense Breakdown

Grants Paid $24,000

Salaries & Benefits $15,000

Fundraising Expenses $0

Program Expenses $126,312

Other Expenses $142,359

TOTAL EXPENSES $181,359

Year-over-Year Comparison

	2023	2022	Change
Revenue	$120,413	$801,902	-0.8%
Expenses	$181,359	$178,032	+0.0%
Net Income	$-60,946	$623,870	-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
MARC GARCIA ELIAS	IMMED PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
DANIEL NAGLE	PRESIDENT	1.00	Officer Director	$0	$0	$0
S RAJA SABAPATHY	PRESIDENT-ELECT	1.00	Officer Director	$0	$0	$0
DAVID WARWICK	SECRETARY-GENERAL	1.00	Officer Director	$0	$0	$0
JIN BO TANG	COMMUNICATIONS DIRECTOR	1.00	Officer Director	$0	$0	$0
FRANCISCO DEL PINAL	MEMBER-AT-LARGE	1.00	Director	$0	$0	$0
GREGORY BAIN	MEMBER-AT-LARGE	1.00	Director	$0	$0	$0
DAVID SHEWRING	MEMBER-AT-LARGE	1.00	Director	$0	$0	$0
JORGE CLIFTON CORREA	MEMBER-AT-LARGE	1.00	Director	$0	$0	$0
AIDA GARCIA GOMEZ	MEMBER-AT-LARGE	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	$120,413	$181,359	$2,464,949	$-60,946
2022	$801,902	$178,032	$2,231,686	$623,870
2021	$132,525	$89,936	$1,874,171	$42,589
2020	$214,876	$210,702	$1,516,970	$4,174
2019	$108,383	$109,459	$1,291,653	$-1,076
2018	$90,671	$111,435	$1,082,778	$-20,764

INTERNATIONAL FEDERATION OF SOCIETIES OF SURGERY OF THE HAND