Orthoworx INC

Not tax-deductible

Warsaw, IN501(c)(6)Since 2009Community DevelopmentEIN 27-1038554

IT is our mission to ensure that our industry and those who depend on its success thrive with social or economic benefits for generations to come.

Run by 19 volunteers and 7 employees.
Mission: Form 990 Part I, line 1 · People: Part I, lines 5–6

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FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $111K a year · 15% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Pay to officers and key staff
$233K
to officers and key staff · 3% of spending
Top officer’s pay higher than 73% of similar orgs
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
32 mo
of spending, in cash
Looks good: 31.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $49K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$21.4M
93% of total assets
Concern: liabilities are 93% of assets; over 80%.
Pt X · Ln 26
Independent board members
17
of 17 voting members
Looks good: 17 of 17 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$9.3M
+801% vs prior year
Spent
$8.6M
Net assets
$1.7M
By yearFY2020–FY2024
Revenue
$9.3M
FY2024▲ +801%
Revenue by fiscal year
FY2020$819K
FY2021$756K
FY2022$593K
FY2023$580K
FY2024$1.0M
FY2024$9.3M
Expenses
$8.6M
FY2024▲ +892%
Expenses by fiscal year
FY2020$671K
FY2021$584K
FY2022$449K
FY2023$660K
FY2024$867K
FY2024$8.6M
Net assets
$1.7M
FY2024▲ +47%
Net assets by fiscal year
FY2020$1.2M
FY2021$1.2M
FY2022$1.2M
FY2023$1.1M
FY2024$1.2M
FY2024$1.7M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 2010.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

21 people listed on the 990; $233K paid to officers and key staff.

Part VII, Section A · reportable compensation
Former CEO
$222,477Pt VII · Sec A
$10,113Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Robert Vitoux’s $222K as Former CEO is at the 73rd percentile of top reported officer pay among 2832 $1–10M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Robert E Vitoux—$229,045$84,615———
Robert Vitoux$222,477—————
D Bradley Bishop———$124,232$195,044$190,806
Ryan Christner$10,113—————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Promotes industry success for lasting social and economic benefits.

Provided by the organization

This section is blank until Orthoworx INC claims this page.

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1 program service, described in the organization's own filed words · FY2024.
01

Orthopedic catalyst we are a catalyst, deepening connections among the various interrelated moving parts of our unique orthopedic industry ecosystem, so our region remains the orthopedic capital of the world.

Pt IX · col B

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2021
Total grants receivedfrom 1 funder$49K
Grants paid · 3 grants · $7.2M · 2024–2024
Warsaw Redevelopment CommissionFY2024$5,000,000
Kosciusko 21st Century FoundationFY2024$2,000,000
Grace College & SeminaryFY2024$250,000

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$9.3M
Ln 12
Gifts and grantsLn 1h$8.6M
Investment incomeLn 3$487K
Fees for servicesLn 2g$245K
Money outPt IX
$8.6M
Ln 25
Owns and owesPt X
$1.7M
net assets · Ln 32
Cash and savingsLn 1–2$22.7M
Total assetsLn 16$23.1M
LiabilitiesLn 26$21.4M
PeoplePt VI, VII
21
listed · VII A
PaidVII A2
Voting boardVI 1a17
IndependentVI 1b17
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$8.6M
Government grantsLn 1e$7.5M
Fees for servicesLn 2g$245K
Investment incomeLn 3$487K
Other incomeLn 4–11$5K
Total revenueLn 12$9.3M
Assets in detailPt X, end of year
CashLn 1$202K
SavingsLn 2$22.5M
Cash and savings togetherLn 1–2$22.7M
Land, buildings, equipmentLn 10c$28K
Other assetsLn 15$363K
Total assetsLn 16$23.1M
LiabilitiesLn 26$21.4M
Net assetsLn 32$1.7M
OperationsPt I, VI
EmployeesI 57
VolunteersI 619
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$671K$22.7M
Land, buildings, equipmentLn 10c$6K$28K
Total assetsLn 16$1.3M$23.1M
LiabilitiesLn 26$103K$21.4M
Net assetsLn 32$1.2M$1.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$7.2M
Pay of current officers, directors and key staffLn 5$10K
Pay of disqualified personsLn 6$222K
Other salaries and wagesLn 7$362K
Other employee benefitsLn 9$89K
Payroll taxesLn 10$39K
Accounting feesLn 11c$5K
Other fees for servicesLn 11g$436K
Office expensesLn 13$786
Information technologyLn 14$9K
OccupancyLn 16$42K
TravelLn 17$10K
Depreciation, depletion and amortizationLn 22$8K
InsuranceLn 23$8K
Other expenses (24a–d)Ln 24$104K
Total functional expensesLn 25$8.6M$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $1.0M$867K$170K$1.2M 990 PDF
FY2023 $580K$660K−$81K$1.1M 990 PDF
FY2022 $593K$449K$144K$1.2M 990 PDF
FY2021 $756K$584K$172K$1.2M 990 PDF
FY2020 $819K$671K$149K$1.2M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $9,345,030 across 7 lines filed
VIII-1e Government grants$7,472,252
VIII-1f All other contributions, gifts and grants$1,136,058
VIII-1h Total contributions, gifts and grants$8,608,310
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $244,750$244,750
VIII-3 Investment incomeExcluded from tax $486,679$486,679
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $5,291$5,291
VIII-12 Total revenueRelated to mission $250,041 · Excluded from tax $486,679$9,345,030
Part IX · Statement of functional expenses $8,596,070 across 15 lines filed
IX-1 Grants to domestic organizations$7,250,000
IX-5 Pay of current officers, directors and key staff$10,113
IX-6 Pay of disqualified persons$222,477
IX-7 Other salaries and wages$362,447
IX-9 Other employee benefits$89,286
IX-10 Payroll taxes$38,760
IX-11c Accounting fees$5,250
IX-11g Other fees for services$436,025
IX-13 Office expenses$786
IX-14 Information technology$8,963
IX-16 Occupancy$41,756
IX-17 Travel$10,294
IX-22 Depreciation, depletion and amortization$7,770
IX-23 Insurance$8,315
IX-24 Other expenses (24a–d)$103,828
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$8,596,070
Part X · Balance sheet $23,137,426 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $670,685$202,209
X-2 Savings and temporary cash investments$22,489,572
X-4 Accounts receivableStart of year $134,936$51,324
X-9 Prepaid expenses and deferred chargesStart of year $3,814$3,785
X-10c Land, buildings and equipment, netStart of year $5,748$27,606
X-15 Other assetsStart of year $452,879$362,930
X-16 Total assetsStart of year $1,268,062$23,137,426
X-17 Accounts payable and accrued expensesStart of year $30,676$68,469
X-19 Deferred revenue$126,500
X-25 Other liabilitiesStart of year $72,250$21,228,294
X-26 Total liabilitiesStart of year $102,926$21,423,263
X-27 Net assets without donor restrictionsStart of year $441,136$1,714,163
X-32 Total net assets or fund balancesStart of year $1,165,136$1,714,163
X-33 Total liabilities and net assetsStart of year $1,268,062$23,137,426
Part XI · Reconciliation of net assets $1,714,163 net assets at year end
XI-1 Total revenue$9,345,030
XI-2 Total expenses$8,596,070
XI-3 Revenue less expenses$748,960
XI-4 Net assets at start of year$1,165,136
XI-8 Prior period adjustments−$132,510
XI-9 Other changes in net assets−$67,423
XI-10 Net assets at end of year$1,714,163

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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