Pennsylvania Orthopaedic Society
- Assets
- $718.1k
- Revenue
- $414.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Towson, MD
- Founding
- 12/1981
- Data as of
- 12/2022
- EIN
- 23-2184602
Organization Overview
Pennsylvania Orthopaedic Society is located in Towson, MD. The organization was established in 1981. 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 an independent organization and not affiliated with a larger national or regional group of organizations. Pennsylvania Orthopaedic Society 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 12/2022, Pennsylvania Orthopaedic Society generated $414.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.8%) each year. All expenses for the organization totaled $559.8k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (5.5%) per year over the past 6 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PENNSYLVANIA ORTHOPAEDIC SOCIETY WORKS TO ENHANCE OUR MEMBERS' ABILITY TO PROVIDE THE HIGHEST QUALITY MUSCULOSKELETAL CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PENNSYLVANIA ORTHOPAEDIC SOCIETY HOSTS SCIENTIFIC MEETINGS ANNUALLY. THESE MEETINGS PROVIDE A FORUM FOR DISCUSSION/TEACHING OF THE MANAGEMENT OF ALL MUSCULOSKELETAL CONDITIONS. THE SOCIETY ALSO PROVIDES MEDICAL CODING SEMINARS EACH YEAR FOR PHYSICIANS AND PRACTICE ADMINISTRATIVE STAFF TO LEARN CODING/DOCUMENTATION GUIDELINES AND TO GAIN KNOWLEDGE OF ISSUES AND PAYOR POLICIES.
PENNSYLVANIA ORTHOPAEDIC SOCIETY ENGAGES IN EDUCATIONAL AND LOBBYING EFFORTS TO PROMOTE THE PRACTICE OF ORTHOPAEDICS IN RELATIONSHIP TO MEDICAL LIABILITY REFORM, WORKERS' COMPENSATION, AND PHASE-OUT OF THE MCARE FUND ALONG WITH PRESERVATION OF PHYSICIAN OWNERSHIP OF ANCILLARY SERVICES. ADDITIONAL EFFORTS INCLUDE WORKING TO IMPROVE CONTRACTUAL RELATIONSHIPS BETWEEN PHYSICIANS AND HEALTH INSURERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Aman Dhawan MD Member At Large | Trustee | 1 | $0 |
Barry Snyder MD Secretary | OfficerTrustee | 2 | $0 |
Brian Tinsley MD Pamed Delegate | Trustee | 1 | $0 |
Charles Hummer III MD Orthopac Chair/boc Rep | Trustee | 1 | $0 |
Christopher Henderson MD Treasurer | OfficerTrustee | 2 | $0 |
Daniel Davis MD Pamed Alternate Delegate | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $170,078 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $170,078 |
| Total Program Service Revenue | $371,747 |
| Investment income | $8,065 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$137,091 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $414,080 |
| 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 | $147,000 |
| Fees for services: Legal | $5,950 |
| Fees for services: Accounting | $1,600 |
| Fees for services: Lobbying | $45,324 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $139,001 |
| Advertising and promotion | $6,000 |
| Office expenses | $7,029 |
| Information technology | $4,603 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $346 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $191,844 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,657 |
| All other expenses | $0 |
| Total functional expenses | $559,754 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $609,808 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $104,139 |
| 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 | $3,157 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $999 |
| Total assets | $718,103 |
| Accounts payable and accrued expenses | $146,089 |
| Grants payable | $0 |
| Deferred revenue | $100,507 |
| 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 | $246,596 |
| Net assets without donor restrictions | $471,507 |
| 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 | $718,103 |