Herodicus Society

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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

1975

Legal Domicile

Principal Officer

Charles Bush-Joseph

Phone

9252221140

Tax Period

2023-01-01 to 2023-12-31

Herodicus Society, founded in 1975, is a small nonprofit that reported $291K in total revenue in fiscal year 2023. Expenses of $277K left a modest 5% surplus.

Mission

Promote Education in the Medical Field of Orthopedic Surgery and Sports Medicine

Program Service Accomplishments

Program 1

Expenses: $243,265

To improve the scope and services of Orthopedic Surgery with an emphasis on Sports Medicine through collaborative group clinical research and reporting, and to encourage and stimulate interest and...

To improve the scope and services of Orthopedic Surgery with an emphasis on Sports Medicine through collaborative group clinical research and reporting, and to encourage and stimulate interest and research in sports medicine to benefit practitioners and patients throughout the country

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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 $101,000

Program Service Revenue $188,465

Investment Income $1,228

Other Revenue $0

TOTAL REVENUE $290,693

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $243,265

Other Expenses $277,006

TOTAL EXPENSES $277,006

Year-over-Year Comparison

	2023	2022	Change
Revenue	$290,693	$275,725	+0.1%
Expenses	$277,006	$143,064	+0.9%
Net Income	$13,687	$132,661	-0.9%

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

N/A

Employees

N/A

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

Total Directors

$51,037

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Michelle Johnson	Executive Dir.	4.00	Director	$51,037	$0	$51,037
Charles Bush-Joseph	President	1.00	Officer	$0	$0	$0
Eric McCarty	Vice President	1.00	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
2024	No data	No data	No data	No data
2023	$290,693	$277,006	$386,501	$13,687
2022	$256,239	$219,849	$372,814	$36,390