WESTERN ORTHOPAEDIC ASSOCIATION (EIN 941379470) - 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

1932

Legal Domicile

Principal Officer

JAY R LIEBERMAN MD

Phone

4104944994

Tax Period

2023-01-01 to 2023-12-31

WESTERN ORTHOPAEDIC ASSOCIATION, founded in 1932, is a small nonprofit that reported $749K in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. Expenses of $640K left a modest 15% 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 $188,785

Program Service Revenue $484,706

Investment Income $65,643

Other Revenue $9,627

TOTAL REVENUE $748,761

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $639,683

TOTAL EXPENSES $639,683

Year-over-Year Comparison

	2023	2022	Change
Revenue	$748,761	$822,598	-0.1%
Expenses	$639,683	$803,186	-0.2%
Net Income	$109,078	$19,412	+4.6%

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
NITIN N BHATIA MD	PRESIDENT	1.00	Officer Director	$0	$0	$0
JAY R LIEBERMAN MD	FIRST VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
BASIL BESH MD	SECOND VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
DAVID TEUSCHER MD	TREASURER	1.00	Officer Director	$0	$0	$0
CYNTHIA M KELLY MD	SECRETARY	1.00	Officer Director	$0	$0	$0
WILLIAM J MALONEY MD	PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
THEODORE L STRINGER MD	MANAGING DIRECTOR	1.00	Officer Director	$0	$0	$0
TODD KIM MD	MEMBER AT LARGE	1.00	Director	$0	$0	$0
DAVID J MANSFIELD MD	MEMBER AT LARGE	1.00	Director	$0	$0	$0
JENNIFER VAN WARMERDAM MD	MEMBER AT LARGE	1.00	Director	$0	$0	$0
KATHRYN L SCHABEL MD	BOC REPRESENTATIVE	1.00	Director	$0	$0	$0
JAMES FLINT MD	JUNIOR MEMBER	1.00	Director	$0	$0	$0
MILTON T LITTLE MD	JUNIOR MEMBER	1.00	Director	$0	$0	$0
JUSTIN HALLER MD	PROGRAM COMMITTEE CO-CHAIR	1.00	Director	$0	$0	$0
SELINA SILVA MD	JUNIOR MEMBER	1.00	Director	$0	$0	$0
DAVID H CHAFEY MD	MEMERSHIP CHAIR	1.00	Director	$0	$0	$0
ALEXIS KLEINHANS	LAY MEMBER	1.00	Director	$0	$0	$0
ROBERT R SLATER JR MD	WOF PRESIDENT	1.00	Director	$0	$0	$0
JOHN SCOLARO MD	PROGRAM COMMITTEE CO-CHAIR	1.00	Director	$0	$0	$0
WILLIAM CURTIS MD	RESIDENT MEMBER	1.00	Director	$0	$0	$0
BENJAMIN V KELLEY MD	RESIDENT MEMBER	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	$748,761	$639,683	$2,810,986	$109,078
2022	$822,598	$803,186	$2,457,513	$19,412
2021	$240,042	$259,126	$2,861,346	$-19,084
2020	$261,373	$327,062	$2,530,381	$-65,689
2019	$870,009	$905,629	$2,430,966	$-35,620
2018	$747,930	$547,918	$2,095,340	$200,012

WESTERN ORTHOPAEDIC ASSOCIATION