Civic Intelligence

Orthopedic Trauma Association Inc.

990 • Fiscal year 2014 • EIN 68-0074461

Jan 01, 2014 to Dec 31, 2014 • Filed on Jul 31, 2015

9400 W Higgins RoadRoom/Suite 305Rosemont, IL 60018

(847) 698-1631

Siviq Scores

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

Liabilities / Assets

35th percentile

0.08x

Higher debt load relative to assets than 35% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Liabilities / Revenue

47th percentile

0.17x

Higher debt load relative to revenue than 47% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Net Margin

78th percentile

19%

Higher net margin than 78% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Top Officer Pay

19th percentile

$0

Higher top officer pay than 19% of similar nonprofits.

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

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Asset Growth

82nd percentile

18%

Faster asset growth than 82% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Revenue Growth

76th percentile

19%

Faster revenue growth than 76% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Assets

Up

$9,394,386

Up $1,415,732 (+18%) from 2013

Net Assets

Up

$8,659,842

Up $1,154,523 (+15%) from 2013

Liabilities

Up

$734,544

Up $261,209 (+55%) from 2013

Revenue

Up

$4,446,416

Up $705,976 (+19%) from 2013

Expenses

Up

$3,611,537

Up $11,263 (+0.3%) from 2013

Net Income

Up

$834,879

Up $694,713 (+496%) from 2013

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2010: $5,829,494Liabilities 2010: $458,822Net Assets 2010: $5,370,6722010Assets 2011: $6,088,199Liabilities 2011: $486,445Net Assets 2011: $5,601,7542011Assets 2012: $7,310,487Liabilities 2012: $705,060Net Assets 2012: $6,605,4272012Assets 2013: $7,978,654Liabilities 2013: $473,335Net Assets 2013: $7,505,3192013Assets 2014: $9,394,386Liabilities 2014: $734,544Net Assets 2014: $8,659,8422014Assets 2015: $9,781,727Liabilities 2015: $1,260,278Net Assets 2015: $8,521,4492015Assets 2016: $10,354,871Liabilities 2016: $1,363,481Net Assets 2016: $8,991,3902016Assets 2017: $11,936,423Liabilities 2017: $1,348,435Net Assets 2017: $10,587,9882017Assets 2018: $12,252,444Liabilities 2018: $1,538,962Net Assets 2018: $10,713,4822018Assets 2019: $15,491,857Liabilities 2019: $1,584,302Net Assets 2019: $13,907,5552019Assets 2020: $18,754,777Liabilities 2020: $2,147,243Net Assets 2020: $16,607,5342020Assets 2021: $20,925,831Liabilities 2021: $1,946,063Net Assets 2021: $18,979,7682021Assets 2022: $17,760,262Liabilities 2022: $1,831,134Net Assets 2022: $15,929,1282022Assets 2023: $19,152,164Liabilities 2023: $1,403,257Net Assets 2023: $17,748,9072023Assets 2024: $21,899,317Liabilities 2024: $2,381,835Net Assets 2024: $19,517,4822024

Highlighted filing

2014

Assets$9,394,386
Liabilities$734,544
Net Assets$8,659,842

Operations Trend

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

$10M$5.0M$0Expenses 2010: $2,703,1992010Expenses 2011: $2,933,3362011Expenses 2012: $2,995,9512012Revenue 2013: $3,740,440Expenses 2013: $3,600,274Net Income 2013: $140,1662013Revenue 2014: $4,446,416Expenses 2014: $3,611,537Net Income 2014: $834,8792014Revenue 2015: $4,350,376Expenses 2015: $4,097,478Net Income 2015: $252,8982015Revenue 2016: $4,285,608Expenses 2016: $4,189,805Net Income 2016: $95,8032016Revenue 2017: $5,087,965Expenses 2017: $4,189,432Net Income 2017: $898,5332017Revenue 2018: $5,493,392Expenses 2018: $4,424,079Net Income 2018: $1,069,3132018Revenue 2019: $6,497,786Expenses 2019: $4,770,546Net Income 2019: $1,727,2402019Revenue 2020: $3,722,577Expenses 2020: $3,071,411Net Income 2020: $651,1662020Revenue 2021: $6,494,021Expenses 2021: $4,412,137Net Income 2021: $2,081,8842021Revenue 2022: $6,289,428Expenses 2022: $6,111,517Net Income 2022: $177,9112022Revenue 2023: $6,581,023Expenses 2023: $6,559,829Net Income 2023: $21,1942023Revenue 2024: $8,150,038Expenses 2024: $7,037,137Net Income 2024: $1,112,9012024

Highlighted filing

2014

Revenue$4,446,416
Expenses$3,611,537
Net Income$834,879
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Jul 31, 2015
Return Version
2014v5.0
Gross Receipts
$4,446,416
Mission and Program Overview

Mission

The association is organized and operated for educational and scientific purposes to augment investigative knowledge of orthopaedic trauma and the prevention of disorders of the musculoskeletal system related to trauma, encouragement of teaching and education in orthopaedic trauma, and promotion of specialized training for medical and paramedical personnel in orthopaedic trauma. Activities are funded by contributions, dues, annual meeting revenue and fees charged for educational activities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$6,570,343$7,479,392▲ $909,049
Cash and Non-Interest-Bearing Accounts$1,043,889$1,611,740▲ $567,851
Accounts Receivable$260,781$220,008▼ $40,773
Prepaid Expenses and Deferred Charges$67,851$47,776▼ $20,075
Total Assets$7,978,654$9,394,386▲ $1,415,732
Other Assets Total$35,790$35,470▼ $320
Liabilities
Accounts Payable and Accrued Expenses$295,285$545,591▲ $250,306
Deferred Revenue$178,050$188,953▲ $10,903
Total Liabilities$473,335$734,544▲ $261,209
Net Assets / Fund Balance
Unrestricted Net Assets$6,351,283$7,282,653▲ $931,370
Temporarily Rstr Net Assets$1,133,036$1,356,189▲ $223,153
Permanently Rstr Net Assets$21,000$21,000→ $0
Total Net Assets Fund Balance$7,505,319$8,659,842▲ $1,154,523
Total Liabilities and Net Assets / Fund Balance$7,978,654$9,394,386▲ $1,415,732

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$35,790-▲ $1,359-$35,470
2013$33,521$1,000▲ $2,873-$35,790
2012$30,568$1,000▲ $3,501-$33,521
2011$33,674-▼ $1,532-$30,568
2010$16,475$18,000▲ $801-$33,674
Compensation and Service Providers

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
American Academy Of Orthopaedic SurAdmin Service9400 W HIGGINS ROAD, Rosemont, IL 60018$844,532
Revenue and Support

Revenue Composition

Contributions and Grants
$919,702
Program Service Revenue
$3,292,671
Investment Income
$201,274
Other Revenue
$32,769
All Other Contributions
$919,702
Change in Net Assets
$834,879

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,383,161
Revenue Not Reported on Financial Statements
$63,255
Revenue Not Reported on Form 990
$319,644
Total Revenue per Audited Statements
$4,702,805
Total Revenue per Form 990
$4,446,416
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,949,738
Grants and Similar Amounts Paid$661,799
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$1,433,440--$1,433,440
Fees for Services Management-$844,532-$844,532
Grants to Domestic Orgs$423,470--$423,470
Foreign Grants$238,329--$238,329
All Other Expenses$8,148$105,509-$113,657
Fees for Service Investment Mgmnt Fees-$63,255-$63,255
Other Expenses$39,593$84,416-$39,593
Office Expenses$2,673$11,105-$13,778
Fees for Services Legal-$10,116-$10,116
Fees for Services Accounting-$7,900-$7,900
Insurance-$4,624-$4,624
Information Technology$2,843--$2,843
Total Functional Expenses$2,367,740$1,243,797$0$3,611,537

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$3,611,537
Expenses per Audited Statements$3,548,282
Total Expenses per Audited Statements$3,548,282
Expenses Not Reported on Financial Statements$63,255
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Carolinas Healthcare FoundationCharlotte, NC3Research$79,495
Indiana UniversityBloomington, IN3Research$50,000
US Army Inst of Surgical ResearchSan Antonio, TXGovResearch$50,000
University of California DavisDavis, CA3Research$50,000
Ut Southwestern Medical CenterDallas, TX3Research$47,874
Regents of Univ of CaliforniaWest Sacramento, CA3Research Grant$36,870
New York University School of MedicNew York, NY3Resident Grant$19,764
Loyola University ChicagoChicago, IL3Research$19,684
The Geneva FoundationTacoma, WA3Research$18,522
Hospital for Special SurgeryNew York, NY3Research$18,176
Rutgers the State UniversityNewark, NJ3Research$17,967
The Research Foundation for SunyAlbany, NY3Research$9,757

International Summary

Spending
$238,329

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
North AmericaGrant MakingResearch--$238,329
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

Management duties are delegated to american academy of orthopaedic surgeons

Form 990, Page 6, Part VI, Line 6

ORGANIZED WITH MEMBERS

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

The board of directors is elected by members

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

Business may be conducted only when a quorum is present. A quorum may consist of those voting members present at any annual or special business meeting of the corporation but in no event shall a quorum consist of less than one-third of the voting members unless notice of the general nature of the matters to be decided has been provided pursuant to the procedures set forth in section vi, partbs b, c, and d of the ota bylaws. Except as otherwise provided in these bylans or california law, a majority vote of the quorum shall constitute an action by the membership.

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 company for review. Within the management company, the form is reviewed by a certified public accountant with extensive nonprofit accounting experience. The management company submits the form to the association's treasurer for review. An electronic copy of the form is also provided to all voting members of the board for review. Questions and comments on the form by the treasurer and board members are directed back to the cpa and internal accountant for resolution. After all discussion points are resolved, the forms are finalized and provided to the treasurer for final review and signature.

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

All members present at the annual meeting are required to disclose conflicts of interest, which are printed in the meeting program book. In addition, all board and committee members are required to disclose all possible conflicts prior to each board and committee meetings. Members that refuse to sign the disclosure statement are forbidden to attend the meetings.

Form 990, Page 6, Part VI, Line 19

Governing documents are available upon request

Filing and Contact Details

Filer

Filer Name
Orthopaedic Trauma Association
EIN
68-0074461
Phone
8476981631
Address
9400 W HIGGINS ROAD, ROOM/SUITE 305, ROSEMONT, IL 60018

Signing Officer

Name
Brendan M Patterson Md
Title
CFO
Phone
8476981631
Signed
2015-07-31

Organization Details

Principal Officer
Theodore Miclau Iii Md
Formed
1986
Voting Board Members
11
Independent Board Members
11
Employees
0
Volunteers
400

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 is organized and operated for educational and scientific purposes to augment investigative knowledge of orthopaedic trauma and the prevention of disorders of the musculoskeletal system related to trauma, encouragement of teaching and education in orthopaedic trauma, and promotion of specialized training for medical and paramedical personnel in orthopaedic trauma. Activities are funded by contributions, dues, annual meeting revenue and fees charged for educational activities.

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

Various member services, including providing subscriptions to journal of orthopaedic trauma

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

The association has endowment funds established for educational purposes, including both donor-restricted funds and funds designated by the board of directors. The association can only expend donor-restricted endowment funds upon the fulfillment of any donor-imposed temporary restrictions.

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IRS990/MissionDesc0THE ASSOCIATION IS ORGANIZED AND OPERATED FOR EDUCATIONAL AND SCIENTIFIC PURPOSES TO AUGMENT INVESTIGATIVE KNOWLEDGE OF ORTHOPAEDIC TRAUMA AND THE PREVENTION OF DISORDERS OF THE MUSCULOSKELETAL SYSTEM RELATED TO TRAUMA, ENCOURAGEMENT OF TEACHING AND EDUCATION IN ORTHOPAEDIC TRAUMA, AND PROMOTION OF SPECIALIZED TRAINING FOR MEDICAL AND PARAMEDICAL PERSONNEL IN ORTHOPAEDIC TRAUMA. ACTIVITIES ARE FUNDED BY CONTRIBUTIONS, DUES, ANNUAL MEETING REVENUE AND FEES CHARGED FOR EDUCATIONAL ACTIVITIES.
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IRS990/ProgSrvcAccomActy2Grp/Desc0VARIOUS RESIDENT'S COURSES ARE DESIGNED TO EDUCATE RESIDENTS ON ORTHOPAEDIC TRAUMA TOPICS, AVAILABLE IN-HOUSE, ON THE INTERNET AND BY CD-ROM
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0615571
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IRS990/ProgSrvcAccomActy3Grp/Desc0GRANTS FOR RESEARCH ON TOPICS IN ORTHOPAEDIC TRAUMA
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IRS990/ReconcilationRevenueExpnssAmt0834879
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IRS990/ReportProgramRelatedInvstInd0false
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$21.9$2.38$19.5$8.15$7.04$1.11
2023Summary only. Only limited summary data is available for this year.$19.2$1.40$17.7$6.58$6.56$0.02
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.8$1.83$15.9$6.29$6.11$0.18
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$20.9$1.95$19.0$6.49$4.41$2.08
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$18.8$2.15$16.6$3.72$3.07$0.65
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.5$1.58$13.9$6.50$4.77$1.73
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.3$1.54$10.7$5.49$4.42$1.07
2017Summary only. Only limited summary data is available for this year.$11.9$1.35$10.6$5.09$4.19$0.90
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.4$1.36$8.99$4.29$4.19$0.10
2015Detailed filing. Detailed filing data is available for this year.$9.78$1.26$8.52$4.35$4.10$0.25
2014Detailed filing. Detailed filing data is available for this year.$9.39$0.73$8.66$4.45$3.61$0.83
2013Detailed filing. Detailed filing data is available for this year.$7.98$0.47$7.51$3.74$3.60$0.14
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.31$0.71$6.61$3.00
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.09$0.49$5.60$2.93
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.83$0.46$5.37$2.70