Civic Intelligence

Association of Bone and Joint Surgeons

990 • Fiscal year 2017 • EIN 42-0848331

Jan 01, 2017 to Dec 31, 2017 • Filed on Sep 10, 2018

300 S Northwest Hwy Suite 203Park Ridge, IL 60068

(847) 737-8945

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

19th percentile

0.03x

Higher debt load relative to assets than 19% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Liabilities / Revenue

30th percentile

0.14x

Higher debt load relative to revenue than 30% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Net Margin

89th percentile

42%

Higher net margin than 89% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Top Officer Pay

31st percentile

$180,489

Higher top officer pay than 31% of similar nonprofits.

Top officer pay equals 3.3% of source-year revenue.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Asset Growth

90th percentile

28%

Faster asset growth than 90% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2016 to 2017

Revenue Growth

65th percentile

11%

Faster revenue growth than 65% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2016 to 2017

Assets

Up

$25,455,045

Up $5,513,954 (+28%) from 2016

Net Assets

Up

$24,689,162

Up $5,163,718 (+26%) from 2016

Liabilities

Up

$765,883

Up $350,236 (+84%) from 2016

Revenue

Up

$5,440,866

Up $532,668 (+11%) from 2016

Expenses

Down

$3,177,485

Down $33,715 (-1.0%) from 2016

Net Income

Up

$2,263,381

Up $566,383 (+33%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$60M$40M$20M$0Assets 2010: $10,240,692Liabilities 2010: $1,027,007Net Assets 2010: $9,213,6852010Assets 2011: $10,824,228Liabilities 2011: $1,093,497Net Assets 2011: $9,730,7312011Assets 2012: $12,585,762Liabilities 2012: $115,438Net Assets 2012: $12,470,3242012Assets 2013: $14,808,265Liabilities 2013: $199,708Net Assets 2013: $14,608,5572013Assets 2014: $15,869,572Liabilities 2014: $200,044Net Assets 2014: $15,669,5282014Assets 2015: $17,238,959Liabilities 2015: $213,255Net Assets 2015: $17,025,7042015Assets 2016: $19,941,091Liabilities 2016: $415,647Net Assets 2016: $19,525,4442016Assets 2017: $25,455,045Liabilities 2017: $765,883Net Assets 2017: $24,689,1622017Assets 2018: $24,064,905Liabilities 2018: $826,096Net Assets 2018: $23,238,8092018Assets 2019: $28,034,336Liabilities 2019: $650,107Net Assets 2019: $27,384,2292019Assets 2020: $32,173,565Liabilities 2020: $707,684Net Assets 2020: $31,465,8812020Assets 2021: $37,140,266Liabilities 2021: $874,762Net Assets 2021: $36,265,5042021Assets 2022: $33,162,084Liabilities 2022: $758,778Net Assets 2022: $32,403,3062022Assets 2023: $37,269,330Liabilities 2023: $521,895Net Assets 2023: $36,747,4352023Assets 2024: $41,823,626Liabilities 2024: $522,154Net Assets 2024: $41,301,4722024

Highlighted filing

2017

Assets$25,455,045
Liabilities$765,883
Net Assets$24,689,162

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0Expenses 2010: $2,411,8652010Expenses 2011: $2,585,8102011Expenses 2012: $2,685,8342012Revenue 2013: $4,147,335Expenses 2013: $2,599,080Net Income 2013: $1,548,2552013Revenue 2014: $4,371,527Expenses 2014: $3,182,915Net Income 2014: $1,188,6122014Revenue 2015: $4,631,192Expenses 2015: $3,023,750Net Income 2015: $1,607,4422015Revenue 2016: $4,908,198Expenses 2016: $3,211,200Net Income 2016: $1,696,9982016Revenue 2017: $5,440,866Expenses 2017: $3,177,485Net Income 2017: $2,263,3812017Revenue 2018: $3,258,806Expenses 2018: $2,939,465Net Income 2018: $319,3412018Revenue 2019: $3,590,631Expenses 2019: $3,014,430Net Income 2019: $576,2012019Revenue 2020: $3,904,661Expenses 2020: $2,556,429Net Income 2020: $1,348,2322020Revenue 2021: $4,352,831Expenses 2021: $3,037,840Net Income 2021: $1,314,9912021Revenue 2022: $5,359,025Expenses 2022: $3,172,328Net Income 2022: $2,186,6972022Revenue 2023: $4,409,182Expenses 2023: $3,448,969Net Income 2023: $960,2132023Revenue 2024: $5,019,116Expenses 2024: $3,467,900Net Income 2024: $1,551,2162024

Highlighted filing

2017

Revenue$5,440,866
Expenses$3,177,485
Net Income$2,263,381
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Sep 10, 2018
Return Version
2017v2.3
Gross Receipts
$5,440,866
Mission and Program Overview

Mission

The association of bone and joint surgeons (the association) is a nonprofit corporation, organized to exchange information, stimulate development and advancement of orthopaedic surgery, train leaders, sponsor and contribute to the scientific aspects of, and clinical research in, orthopaedic surgery, and sponsor publication of the scientific journal, clinical orthopaedics and related research (corr).

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$17,598,826$22,945,270▲ $5,346,444
Cash and Non-Interest-Bearing Accounts$984,097$1,161,046▲ $176,949
Land, Buildings, and Equipment, Net$1,130,713$1,071,094▼ $59,619
Prepaid Expenses and Deferred Charges$178,199$209,771▲ $31,572
Accounts Receivable$49,256$67,864▲ $18,608
Total Assets$19,941,091$25,455,045▲ $5,513,954
Liabilities
Deferred Revenue$8,693$529,700▲ $521,007
Accounts Payable and Accrued Expenses$406,954$236,183▼ $170,771
Total Liabilities$415,647$765,883▲ $350,236
Net Assets / Fund Balance
Unrestricted Net Assets$18,849,318$23,827,895▲ $4,978,577
Permanently Rstr Net Assets$478,661$478,661→ $0
Temporarily Rstr Net Assets$197,465$382,606▲ $185,141
Total Net Assets Fund Balance$19,525,444$24,689,162▲ $5,163,718
Total Liabilities and Net Assets / Fund Balance$19,941,091$25,455,045▲ $5,513,954

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$885,666$631,047$1,516,713
Land$165,854-$165,854
Equipment$19,574$144,991$164,565

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$885,525-▲ $175,291-$1,060,816
2016$866,415$3,025▲ $16,085-$885,525
2015$858,486$4,600▲ $3,329-$866,415
2014$817,179$18,850▲ $22,457-$858,486
2013$698,932$51,342▲ $66,905-$817,179
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Colette HohimerExecutive DiFT$180,489$180,489
Colette HohimerExecutive Director-$180,489$180,489
Lee R BeadlingManaging DirectorFT$167,464$167,464
Lee R BeadlingManaging Director-pa-$167,464$167,464
Matthew B Dobbs MdSecretary-$75,000$75,000

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
University Of WashingtonEditorial4245 ROOSEVELT WAY NE, BOX 354743, Seattle, WA 98105$580,220
Revenue and Support

Revenue Composition

Contributions and Grants
$9,850
Program Service Revenue
$4,869,900
Investment Income
$548,672
Other Revenue
$12,444
All Other Contributions
$9,850
Change in Net Assets
$2,263,381

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,277,047
Revenue Not Reported on Financial Statements
$163,819
Revenue Not Reported on Form 990
$2,900,337
Total Revenue per Audited Statements
$8,177,384
Total Revenue per Form 990
$5,440,866
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,102,664
Salaries, Compensation, and Employee Benefits$968,491
Grants and Similar Amounts Paid$106,330
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$1,064,174$3,188-$1,067,362
Other Salaries and Wages$482,445$324,220-$806,665
Conferences and Meetings$382,732$35,626-$418,358
Fees for Service Investment Mgmnt Fees-$163,819-$163,819
Grants to Domestic Orgs$106,330--$106,330
Other Employee Benefits$57,645$27,939-$85,584
Depreciation Depletion-$72,579-$72,579
Occupancy$15,710$48,454-$64,164
Payroll Taxes$35,502$24,053-$59,555
Information Technology$44,064$15,456-$59,520
Insurance$17,118$39,523-$56,641
Fees for Services Legal$16,252$28,459-$44,711
Fees for Services Accounting-$37,939-$37,939
Pension Plan Contributions$7,243$9,444-$16,687
Travel$15,123$22-$15,145
Office Expenses$2,753$11,451-$14,204
Other Expenses$7,362$9,194-$7,362
All Other Expenses$787$3,011-$3,798
Advertising-$2,795-$2,795
Total Functional Expenses$2,261,555$915,930$0$3,177,485

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$3,177,485
Expenses per Audited Statements$3,013,666
Total Expenses per Audited Statements$3,013,666
Expenses Not Reported on Financial Statements$163,819
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Scsc LLCNew York, NY-Education$56,330
The Hip SocietyRosemont, IL501c3Research$25,000
The Knee SocietyRosemont, IL501c3Research$25,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

The association is organized with members. The membership of the association consists of four classes of members: active, senior, emeritus, and honorary.

Form 990, Page 6, Part VI, Line 7A

Election may be by return ballot. A three-quarters (3/4) affirmative vote of the active, senior, and emeritus members, responding by the deadline date shall be necessary for election to membership. A candidate thus rejected may again be proposed for membership at the end of three (3) years. To fulfill the criteria for membership, a newly elected member must present a paper within two (2) meetings following election to membership. The membership committee shall distribute a schedule of deadlines on an annual basis.

Form 990, Page 6, Part VI, Line 7B

Election of officers, approval of bylaw changes , admission of new members, location of annual conference

Form 990, Page 6, Part VI, Line 11B

An independent certified public accounting firm (cpa) prepares the association's form 990 and submits the form to the association's management and treasurer for review. An electronic copy of the form is also provided to all voting members of the board for review prior to filing. The form 990 is also attached to the illinois form ag-990-il, which requires the signature of two officers. This provides the opportunity for a final review of the form by a second officer.

Form 990, Page 6, Part VI, Line 12C

The association's management submits a questionnaire annually to each director with the questions designed to detect any violation of the conflict of interest policy. Management then prepares a report of its findings and presents it to the board of directors.

Form 990, Page 6, Part VI, Line 15A

Compensation for the executive director and key employees is determined by the executive committee based on compensation for comparable positions in membership associations. Compensation is reviewed annually by the executive committee.

Form 990, Page 6, Part VI, Line 15B

Compensation for the executive director and key employees is determined by the executive committee based on compensation for comparable positions in membership associations. Compensation is reviewed annually by the executive committee.

Form 990, Page 6, Part VI, Line 19

Documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Association of Bone and Joint
EIN
42-0848331
Phone
8477378945
Address
300 S NORTHWEST HWY SUITE 203, PARK RIDGE, IL 60068

Signing Officer

Name
Guido Marra Md
Title
Treasurer
Phone
8474305041
Signed
2018-09-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Xavier a Duralde Md
Formed
1947
Legal Domicile
Ok
Voting Board Members
8
Independent Board Members
8
Employees
10
Volunteers
15

Preparer

Firm
Kutchins Robbins & Diamond Ltd
Address
1101 PERIMETER DR STE 760, SCHAUMBURG, IL 60173
Preparer
Chad Porter
Phone
8472401040
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The association of bone and joint surgeons (the association) is a nonprofit corporation, organized to exchange information, stimulate development and advancement of orthopaedic surgery, train leaders, sponsor and contribute to the scientific aspects of, and clinical research in, orthopaedic surgery, and sponsor publication of the scientific journal, clinical orthopaedics and related research (corr).

Form 990, Part IX, Line 11G

Publishing payroll srvc. Fees 2,251 1,644 0 editorial stipends 1,060,460 0 0 other professional fees 1,400 0 0 outside services 63 1,544 0 total 1,064,174 3,188 0

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

The society's endowment funds are to be held in perpetuity and investment income is to be utilized for the society's mission.

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IRS990/Form990PartVIISectionAGrp/TitleTxt9MANAGING DIR
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IRS990/MissionDesc0THE ASSOCIATION OF BONE AND JOINT SURGEONS (THE ASSOCIATION) IS A NONPROFIT CORPORATION, ORGANIZED TO EXCHANGE INFORMATION, STIMULATE DEVELOPMENT AND ADVANCEMENT OF ORTHOPAEDIC SURGERY, TRAIN LEADERS, SPONSOR AND CONTRIBUTE TO THE SCIENTIFIC ASPECTS OF, AND CLINICAL RESEARCH IN, ORTHOPAEDIC SURGERY, AND SPONSOR PUBLICATION OF THE SCIENTIFIC JOURNAL, CLINICAL ORTHOPAEDICS AND RELATED RESEARCH (CORR).
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IRS990/OtherExpensesGrp/Desc0GIFTS & AWARDS
IRS990/OtherExpensesGrp/Desc1SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc2BANK & CREDIT CARD FEES
IRS990/OtherExpensesGrp/Desc3BOARD OF DIRECTORS EXP.
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IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0324220
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IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0178199
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IRS990/PrincipalOfficerNm0XAVIER A DURALDE MD
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IRS990/ProgramServiceRevenueGrp/Desc0PUBLISHING INCOME
IRS990/ProgramServiceRevenueGrp/Desc1ANNUAL MEETING
IRS990/ProgramServiceRevenueGrp/Desc2MEMBERSHIP DUES
IRS990/ProgramServiceRevenueGrp/Desc3ADVERTISING
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt168091
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt232400
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt168091
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt232400
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt33735
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt03735
IRS990/ProgSrvcAccomActy2Grp/Desc0EDUCATIONAL/SCIENTIFIC MEETINGS AND WORKSHOPS TO DISSEMINATE CURRENT RESEARCH FINDINGS IN VARIOUS AREAS OF ORTHOPAEDIC SURGERY TO PROFESSIONALS IN THE FIELD.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0315887
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt068091
IRS990/ProgSrvcAccomActy3Grp/Desc0VARIOUS RESEARCH AWARDS TO ORTHOPAEDIC PROFESSIONALS.
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IRS990/ProgSrvcAccomActy3Grp/GrantAmt0106330
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IRS990/PYOtherExpensesAmt02127496
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IRS990/PYTotalExpensesAmt03211200
IRS990/PYTotalRevenueAmt04908198
IRS990/QuidProQuoContributionsInd0false
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IRS990/ReconcilationRevenueExpnssAmt02263381
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt012320
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
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IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt028692
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt04003281
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt03714698
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IRS990ScheduleA/InvestmentIncomePYPct00.08000
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IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
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IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt023406541
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IRS990ScheduleD/BuildingsGrp/BookValueAmt0885666
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IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt03025
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IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt016085
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IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt04600
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IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt022457
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IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$41.8$0.52$41.3$5.02$3.47$1.55
2023Detailed filing. Detailed filing data is available for this year.$37.3$0.52$36.7$4.41$3.45$0.96
2022Detailed filing. Detailed filing data is available for this year.$33.2$0.76$32.4$5.36$3.17$2.19
2021Detailed filing. Detailed filing data is available for this year.$37.1$0.87$36.3$4.35$3.04$1.31
2020Detailed filing. Detailed filing data is available for this year.$32.2$0.71$31.5$3.90$2.56$1.35
2019Detailed filing. Detailed filing data is available for this year.$28.0$0.65$27.4$3.59$3.01$0.58
2018Detailed filing. Detailed filing data is available for this year.$24.1$0.83$23.2$3.26$2.94$0.32
2017Detailed filing. Detailed filing data is available for this year.$25.5$0.77$24.7$5.44$3.18$2.26
2016Detailed filing. Detailed filing data is available for this year.$19.9$0.42$19.5$4.91$3.21$1.70
2015Detailed filing. Detailed filing data is available for this year.$17.2$0.21$17.0$4.63$3.02$1.61
2014Detailed filing. Detailed filing data is available for this year.$15.9$0.20$15.7$4.37$3.18$1.19
2013Detailed filing. Detailed filing data is available for this year.$14.8$0.20$14.6$4.15$2.60$1.55
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.6$0.12$12.5$2.69
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.8$1.09$9.73$2.59
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.2$1.03$9.21$2.41