SOCIETY FOR MINIMALLY INVASIVE SPINE SURGERY (EIN 870808332) - 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

2007

Legal Domicile

Principal Officer

FRANK PHILLIPS MD

Phone

6306811040

Tax Period

2024-01-01 to 2024-12-31

SOCIETY FOR MINIMALLY INVASIVE SPINE SURGERY, founded in 2007, is a community nonprofit in the Diseases & Disorders sector that reported $1.2M in total revenue in fiscal year 2024.

Mission

THE SOCIETY FOR MINIMALLY INVASIVE SPINE SURGERY IS A NON-PROFIT,TAX EXEMPT CHARITABLE ORGANIZATION DEDICATED TO IMPROVING THE HEALTH OF PATIENTS WITH SPINAL DISORDERS AND ADVANCING THE HIGHEST QUALITY MINIMALLY INVASIVE SPINAL CARE FOR PATIENTS

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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 $151,070

Program Service Revenue $993,889

Investment Income $25,825

Other Revenue $0

TOTAL REVENUE $1,170,784

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,009,254

Other Expenses $1,196,971

TOTAL EXPENSES $1,196,971

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,170,784	$1,111,085	+0.1%
Expenses	$1,196,971	$1,191,547	+0.0%
Net Income	$-26,187	$-80,462	-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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL WANG MD	PRESIDENT	1.00	Officer Director	$0	$0	$0
SHEERAZ QURESHI MD	IMMEDIATE PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
BRIAN KOWN MD	DIRECTOR AT LARGE	1.00	Officer Director	$0	$0	$0
NEEL ANAND MD	PRESIDENT-ELECT	1.00	Officer Director	$0	$0	$0
ISAAC MOSS MD MDCM MASC	DIRECTOR AT LARGE	1.00	Director	$0	$0	$0
GREGORY MUNDIS JR MD	DIRECTOR AT LARGE	1.00	Director	$0	$0	$0
PAUL PARK MD	SECRETARY	1.00	Officer Director	$0	$0	$0
STEPHEN RYU MD	TREASURER	1.00	Director	$0	$0	$0
HYUN BAE MD	DIRECTOR 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	$1,170,784	$1,196,971	$880,400	$-26,187
2023	$1,111,085	$1,191,547	$909,192	$-80,462
2022	$1,112,719	$1,063,473	$1,052,935	$49,246
2021	$1,085,868	$910,498	$1,162,468	$175,370
2020	$518,980	$452,019	$798,550	$66,961
2019	$957,187	$799,250	$874,621	$157,937
2018	$873,730	$789,047	$578,012	$84,683

SOCIETY FOR MINIMALLY INVASIVE SPINE SURGERY