Duke Arthroplasty Society Inc
Nonprofit profile at a glance
- EIN
- 994045354
- IRS 990-EZ coverage
- 2025–2025
- Forms available
- Form 990-EZ 2025, Form 990-N 2024
- Location
- Irmo, SC, USA
- Phone
- 8033316777
- Rating
- 84
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Professional Societies, Associations
Reported finances
- Revenue
- $189,552
- Expenses
- $223,062
- Assets
- $69,214
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
4 people listed
People named in this filing
- James O'Leary (Director)
- Colin Penrose (Director)
- Michael Berend (Director)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Duke Arthroplasty Society, Inc. (the Organization) is a North Carolina nonprofit corporation established on July 18, 2024. The Organization is organized and shall be operated exclusively for charitable, scientific and educational purposes within the meaning of section 501(c)(3) of the Internal Revenue Code (the Code), including for the purposes of making distributions to organizations exempt under Code section 501(c)(3).The Organization will spend 100 percent of its time and resources in furtherance of its exempt purposes of sharing research and information between physicians and educators in the field of arthroplasty. Specifically, the Organization will hold periodic meetings and seminars to share information of benefit to the practice of arthroplasty and develop and sponsor programs for education in the field of arthroplasty. The Organization's activities will be governed by its Board of Directors and carried out by its officers, employees, and independent contractors, as engaged fro
What it reported doing in 2025
The Organization is a membership organization, the members of which must be engaged in the active practice or teaching of arthroplasty, or have a specific interest in arthroplasty and affiliation with Duke University Medical Center. The Organization will be funded by annual membership dues, fees from meetings and seminars, contributions from the general public, and grants from foundations and governmental agencies.
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 100
- Transparency & Controls: 82
- Sustainability: 19
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -17.7%; rating input score 8; 8th percentile among comparable filings
- Total-asset coverage ratio: 0.31; rating input score 27; 27th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 100% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $223K in reported program spending
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 2 filed schedules
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Operating margin scored 8/100.
- High — Sustainability: Total-asset coverage ratio scored 27/100.