Civic Intelligence

Wound Healing Society

990 • Fiscal year 2020 • EIN 54-1543698

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 09, 2021

Organization ProfileWWW.WOUNDHEAL.ORG
500 Cummings Center Suite 4400Beverly, MA 01915

(978) 927-8330

Siviq Scores

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

Liabilities / Assets

33rd percentile

0.03x

Higher debt load relative to assets than 33% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

44th percentile

0.10x

Higher debt load relative to revenue than 44% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

63rd percentile

12%

Higher net margin than 63% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

54th percentile

7.5%

Faster asset growth than 54% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

13th percentile

-36%

Faster revenue growth than 13% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets33rd percentile

Assets

Up

$1,188,387

Up $82,871 (+7.5%) from 2019

Net Assets

Up

$1,158,542

Up $102,701 (+9.7%) from 2019

Liabilities

Down

$29,845

Down $19,830 (-40%) from 2019

Revenue And Expenses
Liabilities / Revenue44th percentileNet Margin63rd percentile

Revenue

Down

$296,823

Down $166,231 (-36%) from 2019

Expenses

Down

$259,779

Down $58,454 (-18%) from 2019

Net Income

Down

$37,044

Down $107,777 (-74%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth54th percentile

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

$1.5M$1.0M$500K$0Assets 2010: $453,932Liabilities 2010: $56,000Net Assets 2010: $397,9322010Assets 2011: $491,057Liabilities 2011: $47,203Net Assets 2011: $443,8542011Assets 2012: $517,490Liabilities 2012: $42,414Net Assets 2012: $475,0762012Assets 2013: $624,942Liabilities 2013: $84,148Net Assets 2013: $540,7942013Assets 2014: $666,795Liabilities 2014: $92,143Net Assets 2014: $574,6522014Assets 2015: $689,706Liabilities 2015: $74,347Net Assets 2015: $615,3592015Assets 2016: $817,681Liabilities 2016: $106,965Net Assets 2016: $710,7162016Assets 2017: $814,519Liabilities 2017: $11,155Net Assets 2017: $803,3642017Assets 2018: $868,870Liabilities 2018: $57,267Net Assets 2018: $811,6032018Assets 2019: $1,105,516Liabilities 2019: $49,675Net Assets 2019: $1,055,8412019Assets 2020: $1,188,387Liabilities 2020: $29,845Net Assets 2020: $1,158,5422020Assets 2021: $1,344,556Liabilities 2021: $25,440Net Assets 2021: $1,319,1162021Assets 2022: $1,184,165Liabilities 2022: $27,275Net Assets 2022: $1,156,8902022Assets 2023: $1,284,480Liabilities 2023: $6,042Net Assets 2023: $1,278,4382023Assets 2024: $1,353,645Liabilities 2024: $13,365Net Assets 2024: $1,340,2802024

Highlighted filing

2020

Assets$1,188,387
Liabilities$29,845
Net Assets$1,158,542
Open 2020 Filing

Operations Trend

Revenue Growth13th percentile

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

$600K$400K$200K$0Expenses 2010: $290,5272010Expenses 2011: $326,4912011Expenses 2012: $332,1862012Revenue 2013: $409,780Expenses 2013: $358,432Net Income 2013: $51,3482013Revenue 2014: $365,216Expenses 2014: $343,203Net Income 2014: $22,0132014Revenue 2015: $354,648Expenses 2015: $302,491Net Income 2015: $52,1572015Revenue 2016: $361,544Expenses 2016: $277,111Net Income 2016: $84,4332016Revenue 2017: $356,772Expenses 2017: $291,303Net Income 2017: $65,4692017Revenue 2018: $421,157Expenses 2018: $280,065Net Income 2018: $141,0922018Revenue 2019: $463,054Expenses 2019: $318,233Net Income 2019: $144,8212019Revenue 2020: $296,823Expenses 2020: $259,779Net Income 2020: $37,0442020Revenue 2021: $337,084Expenses 2021: $278,169Net Income 2021: $58,9152021Revenue 2022: $510,240Expenses 2022: $443,913Net Income 2022: $66,3272022Revenue 2023: $510,808Expenses 2023: $486,475Net Income 2023: $24,3332023Revenue 2024: $566,532Expenses 2024: $543,285Net Income 2024: $23,2472024

Highlighted filing

2020

Revenue$296,823
Expenses$259,779
Net Income$37,044
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 9, 2021
Return Version
2020v4.0
Gross Receipts
$296,823
Mission and Program Overview

Mission

Wound healing society (whs)is the premier scientific organization focused on wound healing. Whs mission is to improve wound healing outcomes through science, professional education and communication.

Premier scientific organization focused on the advancement and practice of wound healing.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$936,412$1,016,880▲ $80,468
Cash and Non-Interest-Bearing Accounts$128,531$141,223▲ $12,692
Accounts Receivable$40,573$26,117▼ $14,456
Prepaid Expenses and Deferred Charges-$4,167-
Total Assets$1,105,516$1,188,387▲ $82,871
Liabilities
Deferred Revenue$28,755$25,845▼ $2,910
Accounts Payable and Accrued Expenses$20,320$4,000▼ $16,320
Other Liabilities$600--
Total Liabilities$49,675$29,845▼ $19,830
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,050,991$1,153,972▲ $102,981
Net Assets With Donor Restrictions$4,850$4,570▼ $280
Total Net Assets Fund Balance$1,055,841$1,158,542▲ $102,701
Total Liabilities and Net Assets / Fund Balance$1,105,516$1,188,387▲ $82,871
Compensation and Service Providers
Top Officer Pay37th percentile

Board Members and Trustees

NameTitle
Geoffrey C GurtnerPresident
Alan WellsPresident-el
Brian EliceiriBoard Member
Dennis P OrgillBoard Member
Elizabeth a GriceBoard Member
Howard LevinsonBoard Member
Kath BogieBoard Member
Lisa GouldBoard Member
Rivkah IsseroffBoard Member
Timothy KingBoard Member
Vickie Rae DriverBoard Member
Jeffrey M DavidsonEx-officio
Laura Ks ParnellEx-officio
Robert S KirsnerMember at La
Sashwati RoyPast Preside
Praveen AranySecretary
Herbert B SladeTreasurer
Kenneth LiechtyVice Preside
Traci WilgusVice Preside

Highest Paid Contractors

ContractorServicesLocationCompensation
PrriMgmt Service500 CUMMINGS CENTER SUITE 4400, Beverly, MA 01915$111,373
Revenue and Support

Revenue Composition

Contributions and Grants
$82,770
Program Service Revenue
$149,780
Investment Income
$20,326
Other Revenue
$43,947
All Other Contributions
$82,770
Change in Net Assets
$37,044
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$248,279
Grants and Similar Amounts Paid$11,500
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$10,000$96,073-$106,073
Fees for Services Other$37,500--$37,500
Grants to Domestic Individuals$11,500--$11,500
Conferences and Meetings$9,936--$9,936
Office Expenses-$6,415-$6,415
Fees for Service Investment Mgmnt Fees-$5,514-$5,514
Information Technology-$5,300-$5,300
Other Expenses$4,908--$4,908
Fees for Services Accounting-$4,450-$4,450
Insurance-$2,668-$2,668
Total Functional Expenses$139,359$120,420$0$259,779
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
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

“The professional relations and research institute (prri) of beverly, massachusetts, maintains the books and records of the organization and performs other related managerial and administrative functions for which it is compensated.”

Form 990, Page 6, Part VI, Line 4

“The organization amended its by-laws”

Form 990, Page 6, Part VI, Line 6

“The organization has four classes of members: active, senior, honorary, and student members. Active, senior, and honorary members have voting rights.”

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

“Active, senior, and honorary members have the right to elect officers and members of the board of directors.”

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

“990 is reviewed by the administrative staff of the management company (prri) and is then provided to the treasurer for final review before it is filed.”

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

“The conflict of interest policy is distributed, discussed and updated at each council meeting in order for the organization to monitor and enforce compliance with the policy by all officers and directors.”

Form 990, Page 6, Part VI, Line 19

“The tax returns, documents, and policies are made available for public inspection at the organization's offices upon request during normal business hours. Returns are also available at guidestar.org.”

Filing and Contact Details

Filer

Filer Name
Wound Healing Society
EIN
54-1543698
Phone
9789278330
Address
500 CUMMINGS CENTER SUITE 4400, BEVERLY, MA 01915

Signing Officer

Name
Herbert B Slade
Title
Treasurer
Phone
9789278330
Signed
2021-11-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Geoffrey C Gurtner
Formed
1989
Legal Domicile
Fl
Voting Board Members
17
Independent Board Members
17
Employees
0
Volunteers
73

Preparer

Firm
Anstiss & Co Pc
Address
6 OMNI WAY SUITE 201, CHELMSFORD, MA 01824-4141
Preparer
Brendan E Toolin
Phone
9784522500
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

“Summer research fellowship award and regional meeting sponsorship”

Form 990, Part IX, Line 11G

“Managing editor 37,500 0 0”

Financial Statement Notes

Schedule D, Page 3, Part X

“The society has been granted tax-exempt status under internal revenue code section 501(c)(3) and is , therefore , generally exempt from federal and state income taxes. Accordingly, no provision for income taxes has been provided for in the accompanying financial statements. Asc 740-10, "income taxes" requires the society to evaluate and disclose tax positions that could have an effect on the society's financial statements. The society reports its activities to the internal revenue service and the commonwealth of massachusetts on an annual basis. These informational returns are generally subject to audit and review by the governmental agencies for a period of three year after filing. Substantially all of the society's income, expenditures and activities relate to its exempt purpose, therefore, management has determined that the society is not subject to unrelated business income taxes and will continue to qualify as a tax-exempt not-for- profit entity.”

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IRS990/ProgSrvcAccomActy2Grp/Desc0ANNUAL AND OTHER SCIENTIFIC MEETINGS: THESE PROVIDE A MEDICAL RELATED SCIENTIFIC FORUM TO DISCUSS DEVELOPMENTS AND RESEARCH IN THE AREA OF WOUND HEALING.
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Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,188,387
Liabilities
$29,845
Net assets
$1,158,542
Revenue
$296,823
Expenses
$259,779
Net income
$37,044
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.35$0.01$1.34$0.57$0.54$0.02
2023Detailed filing. Detailed filing data is available for this year.$1.28$0.01$1.28$0.51$0.49$0.02
2022Detailed filing. Detailed filing data is available for this year.$1.18$0.03$1.16$0.51$0.44$0.07
2021Detailed filing. Detailed filing data is available for this year.$1.34$0.03$1.32$0.34$0.28$0.06
2020Detailed filing. Detailed filing data is available for this year.$1.19$0.03$1.16$0.30$0.26$0.04
2019Detailed filing. Detailed filing data is available for this year.$1.11$0.05$1.06$0.46$0.32$0.14
2018Detailed filing. Detailed filing data is available for this year.$0.87$0.06$0.81$0.42$0.28$0.14
2017Summary only. Only limited summary data is available for this year.$0.81$0.01$0.80$0.36$0.29$0.07
2016Detailed filing. Detailed filing data is available for this year.$0.82$0.11$0.71$0.36$0.28$0.08
2015Detailed filing. Detailed filing data is available for this year.$0.69$0.07$0.62$0.35$0.30$0.05
2014Detailed filing. Detailed filing data is available for this year.$0.67$0.09$0.57$0.37$0.34$0.02
2013Detailed filing. Detailed filing data is available for this year.$0.62$0.08$0.54$0.41$0.36$0.05
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.52$0.04$0.48$0.33
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.49$0.05$0.44$0.33
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.45$0.06$0.40$0.29