Civic Intelligence

Biologic Association

990 • Fiscal year 2024 • EIN 84-4301415

Jan 01, 2024 to Dec 31, 2024 • Filed on Nov 04, 2025

Organization ProfileWWW.THEBIOLOGICASSOCIATION.COM
9400 W Higgins Road Suite 200Rosemont, IL 60018

(847) 292-2262

Siviq Scores

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

Liabilities / Assets

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

57th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

73rd percentile

19%

Higher net margin than 73% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

79th percentile

$0

Higher top officer pay than 79% of similar nonprofits.

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

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

57th percentile

5.4%

Faster asset growth than 57% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

9th percentile

-57%

Faster revenue growth than 9% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets56th percentile

Assets

Up

$361,998

Up $18,605 (+5.4%) from 2023

Net Assets

Up

$361,998

Up $18,605 (+5.4%) from 2023

Liabilities

Flat

$0

Flat from 2023

Revenue And Expenses
Liabilities / Revenue57th percentileNet Margin73rd percentile

Revenue

Down

$96,127

Down $126,798 (-57%) from 2023

Expenses

Down

$77,522

Down $57,816 (-43%) from 2023

Net Income

Down

$18,605

Down $68,982 (-79%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth57th percentile

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

$400K$300K$200K$100K$0Assets 2020: $104,506Liabilities 2020: $0Net Assets 2020: $104,5062020Assets 2021: $196,634Liabilities 2021: $0Net Assets 2021: $196,6342021Assets 2022: $265,806Liabilities 2022: $10,000Net Assets 2022: $255,8062022Assets 2023: $343,393Liabilities 2023: $0Net Assets 2023: $343,3932023Assets 2024: $361,998Liabilities 2024: $0Net Assets 2024: $361,9982024

Highlighted filing

2024

Assets$361,998
Liabilities$0
Net Assets$361,998
Open 2024 Filing

Operations Trend

Revenue Growth9th percentile

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

$300K$200K$100K$0Revenue 2020: $115,000Expenses 2020: $10,494Net Income 2020: $104,5062020Revenue 2021: $213,350Expenses 2021: $121,222Net Income 2021: $92,1282021Revenue 2022: $219,089Expenses 2022: $159,917Net Income 2022: $59,1722022Revenue 2023: $222,925Expenses 2023: $135,338Net Income 2023: $87,5872023Revenue 2024: $96,127Expenses 2024: $77,522Net Income 2024: $18,6052024

Highlighted filing

2024

Revenue$96,127
Expenses$77,522
Net Income$18,605
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 4, 2025
Return Version
2024v5.1
Gross Receipts
$96,127
Mission and Program Overview

Mission

To foster and convene a collaboration for shared and coordinated efforts to speak with a unified voice in the musculoskeletal biologics environment, advocating for the responsible use of biologics in clinical practice, spearheading standards development, and assessing and reporting on the safety and efficacy of biologic interventions.

To foster efforts to speak with a unified voice in the musculoskeletal biologics environment, and advocating for the efficacy & responsible use of biologics in clinical practice.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$343,393$361,998▲ $18,605
Rtn Earn Endowment Incm Other Fnds$343,393$361,998▲ $18,605
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0--
Investments Program Related$0--
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$343,393$361,998▲ $18,605
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets With Donor Restrictions$0$0→ $0
Net Assets Without Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$343,393$361,998▲ $18,605
Total Liabilities and Net Assets / Fund Balance$343,393$361,998▲ $18,605
Compensation and Service Providers
Top Officer Pay79th percentile

Board Members and Trustees

NameTitle
Brian ColeCo-Chair
Scott RodeoCo-Chair
Shane ShapiroImmediate Past Chair
Adam AnzDirector
Christian LattermannDirector
Frank PetriglianoDirector
Louis McIntyreDirector
Nathaniel NyeDirector
Elizaveta Kon MDSecretary General
Revenue and Support

Revenue Composition

Contributions and Grants
$15,000
Program Service Revenue
$70,000
Investment Income
$0
Other Revenue
$11,127
All Other Contributions
$15,000
Change in Net Assets
$18,605
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$77,522
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$71,317$0$0$71,317
Fees for Services Accounting$5,000$0$0$5,000
Travel$544$0$0$544
Advertising$0$372$0$372
Other Expenses$190$15$0$205
Total Functional Expenses$77,051$471$0$77,522
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 6 Classes of members or stockholders

“The organization shall have two classes of members: regular members and assosciate member organizations. The original regular member organizations of the corporation shall be the american orthopaedic society for sports medicine, the arthroscopy association of north america, the international cartilage regeneration & joint preservation society and the on foundation (the iginal founding members"). Upon the unanimous vote of the regular member organizations, additional organizations may be accepted as regular member organizations. Each regular member organization will elect three delegates to the biologic association. Associate member organizations can join the biologic association upon the unanimous vote of the regular member organizations. Each regular member organization shall be entitled to one vote on matters coming before the members. Associate member organiazations will not have any voting privileges.”

Form 990, Part VI, Line 7A Members or stockholders electing members of governing body

“Each regular member organization shall appoint one (1) director to the corporation's board of directors. Secretary general will also hold a seat on the board; however, these will be non-voting positions. The number of directors shall be not less than seven (7) nor more than fourteen (14).”

Form 990, Part VI, Line 11B Review of form 990 by governing body

“Form 990 is circulated electronically in advance of filing to the board of directors. Members of the board of directors may make inquiries of the association staff assigned to its preparation or of the independent auditors who prepared the return.”

Form 990, Part VI, Line 19 Required documents available to the public

“Governing documents (bylaws), conflict of interest policy, and finanicial statements are available upon request.”

Filing and Contact Details

Filer

Filer Name
Biologic Association
EIN
84-4301415
Phone
8472922262
Address
9400 W HIGGINS ROAD SUITE 200, ROSEMONT, IL 60018

Signing Officer

Name
Brian Cole
Title
Chair
Phone
8472922262
Signed
2025-11-04
Discuss with paid preparer
Yes

Organization Details

Formed
2019
Legal Domicile
Il
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
12

Preparer

Firm
Forvis Mazars LLP
Address
1901 S Meyers Road Suite 500, Oakbrook Terrace, IL 60181-5209
Preparer
Anne White
Phone
6302829500
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IRS990/MissionDesc0TO FOSTER AND CONVENE A COLLABORATION FOR SHARED AND COORDINATED EFFORTS TO SPEAK WITH A UNIFIED VOICE IN THE MUSCULOSKELETAL BIOLOGICS ENVIRONMENT, ADVOCATING FOR THE RESPONSIBLE USE OF BIOLOGICS IN CLINICAL PRACTICE, SPEARHEADING STANDARDS DEVELOPMENT, AND ASSESSING AND REPORTING ON THE SAFETY AND EFFICACY OF BIOLOGIC INTERVENTIONS.
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Document Assets

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Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$361,998
Liabilities
$0
Net assets
$361,998
Revenue
$96,127
Expenses
$77,522
Net income
$18,605
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.62$0.00$3.62$0.96$0.78$0.19
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.43$0.00$3.43$2.23$1.35$0.88
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.66$0.10$2.56$2.19$1.60$0.59
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.97$0.00$1.97$2.13$1.21$0.92
2020Detailed filing. Detailed filing data is available for this year.$1.05$0.00$1.05$1.15$0.10$1.05
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2024 filings • 501(c)3 • <$500k nonprofits