The Podiatry Society of the State of Ny D/b/a the Fdn for Podiatric Medicine
Nonprofit profile at a glance
- EIN
- 061179217
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- New York, NY, USA
- Phone
- 2129964400
- Rating
- 74
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Single Organization Support
Reported finances
- Revenue
- $360,571
- Expenses
- $420,803
- Assets
- $137,966
- Liabilities
- $73,098
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
10 people listed
Executive titles in this filing
- DR DANIEL KEATING (PRESIDENT)
- DR CHARLES LOMBARDI (VICE PRESIDENT)
- RYAN ROSENBAUM (EXECUTIVE DIRECTOR (THRU 4/25))
People named in this filing
- DR DANIEL KEATING (PRESIDENT)
- DR CHARLES LOMBARDI (VICE PRESIDENT)
- DR WILLIAM SPIELFOGEL (TREASURER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The mission of the podiatry society of the state of ny is to develop, sponsor, and conduct informational programs in the field of podiatric medicine for the continuing education of podiatric medical practitioners; to develop, sponsor and conduct informational programs in order to educate the public as to the nature and benefits of podiatric medical care; to develop, sponsor, support and maintain educational programs, facilities and materials such as reference materials and library facilities for the advancement of knowledge and scholarship in the field of podiatric medicine; and to sponsor research and development in the field of podiatric medicine.
What it reported doing in 2024
In keeping with its mission, the foundation for podiatric medicine honors the tradition of advancing the profession through education. Its premier educational event, the clinical conference, gathers the best and brightest faculty to present the vital educational and clinical information that is so important to podiatrists. The clinical conference ensures both quality patient care and the continuing growth of the profession.
Operating model
- Revenue model
- Earned-program. 73% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 75% for direct work, 1% for grants, and 24% for affiliated organizations.
The verdict
SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Fundraising costs are high for each dollar raised and program spending has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 67
- Transparency & Controls: 92
- Accountability: 88
- Sustainability: 22
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 76.4%; rating input score 76
- Program expense ratio: 65.2%; rating input score 65
- Fundraising efficiency: $5.36 raised per $1 spent on fundraising; rating input score 24; 24th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 5 of 7 controls in place; rating input score 71
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -16.7%; rating input score 16; 16th percentile among comparable filings
- Total-asset coverage ratio: 0.33; rating input score 17; 17th percentile among comparable filings
- Liabilities to assets ratio: 0.53; rating input score 10; 10th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings
Growth
- Program expense growth: -7.9% per year; rating input score 0; 13th percentile among comparable filings
- Revenue growth: -3.5% per year; rating input score 0; 13th percentile among comparable filings
- Asset growth: 1% per year; rating input score 100; 29th percentile among comparable filings
Details
- Where the money goes: 76.4% of revenue deployed · 65.2% of spending went to programs
- Governance: 9 of 9 board members independent · 5 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $274K in reported program spending
- Leadership: top reported pay $0 · 10 people listed
- Consistency: 20 of 20 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Related organizations: 1 filed related-organization link
- 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 — Financial Efficiency: Fundraising efficiency scored 24/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Operating margin scored 16/100.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- High — Sustainability: Total-asset coverage ratio scored 17/100.
- High — Sustainability: Liabilities to assets ratio scored 10/100.