Western Orthopaedic Association
- Assets
- $2.9m
- Revenue
- $240.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Towson, MD
- Founding
- 01/1958
- Data as of
- 12/2021
- EIN
- 94-1379470
Organization Overview
Western Orthopaedic Association is located in Towson, MD. The organization was established in 1958. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is the central organization for a national or regional group of organizations. Western Orthopaedic Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Western Orthopaedic Association generated $240.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (14.1%) each year. All expenses for the organization totaled $259.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (10.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO DEVELOP AND FOSTER THE SCIENCE OF MEDICINE IN THE SPECIALTY OF ORTHOPAEDIC SURGERY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Basil Besh MD Treasurer | OfficerTrustee | 1 | $0 |
Jay R Lieberman MD Second Vice President | OfficerTrustee | 1 | $0 |
Nitin N Bhatia MD President | OfficerTrustee | 1 | $0 |
Omer A Ilahi MD Past President | OfficerTrustee | 1 | $0 |
Cynthia M Kelly MD Secretary | OfficerTrustee | 1 | $0 |
Theodore L Stringer MD Managing Director | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $190,435 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $190,435 |
| Total Program Service Revenue | $550 |
| Investment income | $46,564 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $240,042 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $204,974 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,087 |
| Fees for services: Other | $0 |
| Advertising and promotion | $11,334 |
| Office expenses | $11,629 |
| Information technology | $4,371 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $8,934 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,250 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,525 |
| All other expenses | $0 |
| Total functional expenses | $259,126 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $98,230 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $56,356 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $63,832 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,642,928 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,861,346 |
| Accounts payable and accrued expenses | $57,013 |
| Grants payable | $0 |
| Deferred revenue | $139,565 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $196,578 |
| Net assets without donor restrictions | $2,664,768 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,861,346 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Western Orthopaedic Association has recieved totaling $3,000.
| Awarding Organization | Amount |
|---|---|
Orthopaedic Research And Education Foundation Rosemont, IL PURPOSE: 2016 Regional New Investigator Award | $3,000 |
Endowment Analysis
| Beg. Balance | $211,309 |
| Earnings | $27,795 |
| Ending Balance | $239,104 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Soundexchange Inc Washington, DC | $739,346,856 | $68,696,516 |
Ltc Reinsurance Pcc Washington, DC | $2,201,458,175 | $98,451,933 |
Green Business Certification Inc Washington, DC | $85,505,548 | $44,270,395 |
Council Of Better Business Bureaus Inc Arlington, VA | $12,407,236 | $29,190,679 |
Alliance For Lifetime Income Washington, DC | $7,619,918 | $19,897,111 |
Ltc Reinsurance Pcc Washington, DC | $361,855,078 | $23,669,640 |
Urac Washington, DC | $81,439,201 | $26,248,621 |
Virginia Equine Alliance Warrenton, VA | $24,647,483 | $20,710,903 |
Pennsylvania Compensation Rating Bureau Philadelphia, PA | $10,444,965 | $13,500,527 |
North American Meat Institute Washington, DC | $15,669,601 | $11,771,364 |
Can Do Inc Hazleton, PA | $88,120,031 | $19,938,198 |
Yaplus Arlington, VA | $14,080,198 | $11,268,285 |