ASSOCIATION FOR ACADEMIC SURGERY C… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1967

Legal Domicile

Principal Officer

GINA HARDIMAN

Phone

3104371606

Tax Period

2024-01-01 to 2024-12-31

ASSOCIATION FOR ACADEMIC SURGERY C/O BSC MANAGEMENT LLC, founded in 1967, is a small nonprofit in the Education sector that reported $677K in total revenue in fiscal year 2024. The organization ran a surplus of $116K, a strong 17% operating margin.

Mission

TO CONDUCT MEDICAL CONFERENCES AND DISSEMINATE PUBLICATIONS UPDATING MEMBERS ON NEW MEDICAL PROCEDURES AND DEVELOPMENTS.

Program Service Accomplishments

Program 1

Expenses: $154,918 Revenue: $102,846

ANNUAL MEETING - TO PROVIDE MEMBERS WITH PRESENTATIONS AND FORUMS FEATURING DISCUSSION PERTAINING TO SURGERY. ASSOCIATION FOR ACADEMIC SURGERY HOSTS A VARIETY OF FORUMS AND PRESENTATIONS INCLUDING...

ANNUAL MEETING - TO PROVIDE MEMBERS WITH PRESENTATIONS AND FORUMS FEATURING DISCUSSION PERTAINING TO SURGERY. ASSOCIATION FOR ACADEMIC SURGERY HOSTS A VARIETY OF FORUMS AND PRESENTATIONS INCLUDING THE ACADEMIC SURGICAL CONGRESS. THROUGH THESE CONFERENCES, AAS SERVES ITS MISSION TO INSPIRE AND DEVELOP YOUNG ACADEMIC SURGEONS. AAS PROVIDES OTHER RESOURCES TO MEMBERS THROUGH A VARIETY OF CLASSES, FROM SURGICAL INVESTIGATIVE COURSES TO INTERNATIONAL COURSES.

Program 2

Expenses: $51,500 Revenue: $0

FELLOWSHIP AWARDS - TO SUPPORT PROMISING YOUNG RESEARCH FELLOWS ENGAGED IN PRODUCTIVE SURGICAL RESEARCH LABORATORIES. FELLOWSHIP AWARDS ARE INTENDED TO SUPPORT YOUNG SURGEONS IN THEIR RESEARCH AND...

FELLOWSHIP AWARDS - TO SUPPORT PROMISING YOUNG RESEARCH FELLOWS ENGAGED IN PRODUCTIVE SURGICAL RESEARCH LABORATORIES. FELLOWSHIP AWARDS ARE INTENDED TO SUPPORT YOUNG SURGEONS IN THEIR RESEARCH AND HELP SET THE FOUNDATION FOR THEIR CAREER. AWARDS INCLUDE ASSISTANCE TO YOUNG FACULTY IN RESEARCH, TRAVEL AWARDS, AND PROVIDE ASSISTANCE FOR COURSES PROVIDED BY AAS.

Program 3

PUBLICATIONS - VARIOUS NEWSLETTERS, ROSTER DISTRIBUTION, AND A MONTHLY JOURNAL UPDATING MEMBERS ON MEDICAL RELATED MATTERS. ASSOCIATION FOR ACADEMIC SURGERY PROVIDES VARIOUS PUBLICATIONS TO PROVIDE NEW RESEARCH AND INFORMATION TO THE GROWING FIELD OF MEDICINE AND SURGERY. AAS PUBLISHED FOUR NEW PUBLICATIONS RELATING TO GLOBAL SURGERY, LEADERSHIP IN SURGERY, AND SUCCESSFULLY DEVELOP A CAREER AS A SURGEON. SINCE 1961, AAS HAS PROVIDED MONTHLY JOURNALS CONTAINING MONTHLY UPDATES OF SURGICAL RESEARCH.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $566,589

Program Service Revenue $84,053

Investment Income $7,890

Other Revenue $18,793

TOTAL REVENUE $677,325

Expense Breakdown

Grants Paid $51,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $206,418

Other Expenses $510,325

TOTAL EXPENSES $561,825

Year-over-Year Comparison

	2024	2023	Change
Revenue	$677,325	$712,880	0.0%
Expenses	$561,825	$660,624	-0.1%
Net Income	$115,500	$52,256	+1.2%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

217

Governance Policies

✓ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CALLISIA CLARKE	PRESIDENT	5.00	Officer Director	$0	$0	$0
BRENESSA LINDEMAN	PRESIDENT - ELECT	3.00	Officer Director	$0	$0	$0
CHRISTINA ROLAND	SECRETARY	3.00	Officer Director	$0	$0	$0
LUKE FUNK	TREASURER	3.00	Officer Director	$0	$0	$0
VIKAS DUDEJA	RECORDER	3.00	Officer Director	$0	$0	$0
FABIAN JOHNSTION	PAST PRESIDENT	1.00	Director	$0	$0	$0
CARRIE CUNNINGHAM	PAST PRESIDENT	1.00	Director	$0	$0	$0
AMIR GHAGHAFERI	PAST PRESIDENT	1.00	Director	$0	$0	$0
OLAMIDE ALABI	DIRECTOR	1.00	Director	$0	$0	$0
BARNABAS ALAYANDE	DIRECTOR	1.00	Director	$0	$0	$0
TANIA ARORA	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTIE BUONPANE	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL CHU	DIRECTOR	1.00	Director	$0	$0	$0
JASHODEEP DATTA	DIRECTOR	1.00	Director	$0	$0	$0
JEREMIAH DENEVE LESLY DOSSETT	DIRECTOR	1.00	Director	$0	$0	$0
MONICA DUA ASLAM EJAZ	DIRECTOR	1.00	Director	$0	$0	$0
JULIET EMAMAULLEE	DIRECTOR	1.00	Director	$0	$0	$0
BYRON FALER	DIRECTOR	1.00	Director	$0	$0	$0
OLUWADAMILOLA FAYANJU	DIRECTOR	1.00	Director	$0	$0	$0
ABBEY FINGERET	DIRECTOR	1.00	Director	$0	$0	$0
ANDREA GILLIS	DIRECTOR	1.00	Director	$0	$0	$0
KRISTA HAINES	DIRECTOR	1.00	Director	$0	$0	$0
JENNY HELD	DIRECTOR	1.00	Director	$0	$0	$0
CAITLIN HICKS	DIRECTOR	1.00	Director	$0	$0	$0
ASHLEY HOLDER	DIRECTOR	1.00	Director	$0	$0	$0
YUE-YUNG HU	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW IBRAHIM	DIRECTOR	1.00	Director	$0	$0	$0
KATIE IVERSON	DIRECTOR	1.00	Director	$0	$0	$0
BENJAMIN JAMES	DIRECTOR	1.00	Director	$0	$0	$0
SUNDEEP KESWANI	DIRECTOR	1.00	Director	$0	$0	$0
ERIC KIMCHI	DIRECTOR	1.00	Director	$0	$0	$0
ANAI KOTHARI	DIRECTOR	1.00	Director	$0	$0	$0
LINDSAY KUO	DIRECTOR	1.00	Director	$0	$0	$0
GIFTY KWAKYE	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS LAROCCA	DIRECTOR	1.00	Director	$0	$0	$0
PAUL LINSKY	DIRECTOR	1.00	Director	$0	$0	$0
JULIET LUMATI	DIRECTOR	1.00	Director	$0	$0	$0
UGWUJI MADUEKWE	DIRECTOR	1.00	Director	$0	$0	$0
JOSHUA MAMMEN	DIRECTOR	1.00	Director	$0	$0	$0
RYAN MERKOW	DIRECTOR	1.00	Director	$0	$0	$0
GITA MODY	DIRECTOR	1.00	Director	$0	$0	$0
RACHEL MORRIS	DIRECTOR	1.00	Director	$0	$0	$0
TIMOTHY PAWLIK	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH PHILLIPS	DIRECTOR	1.00	Director	$0	$0	$0
KIMBERLY RAMONELL	DIRECTOR	1.00	Director	$0	$0	$0
MUSTAFA RAOOF	DIRECTOR	1.00	Director	$0	$0	$0
REBECCA RENTEA	DIRECTOR	1.00	Director	$0	$0	$0
KATHLEEN ROMANOWSKI	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS SCALLY	DIRECTOR	1.00	Director	$0	$0	$0
VIRGINIA SHAFFER	DIRECTOR	1.00	Director	$0	$0	$0
CASEY SILVER	DIRECTOR	1.00	Director	$0	$0	$0
RYAN THOMAS	DIRECTOR	1.00	Director	$0	$0	$0
CATHERINE VELOPULOS	DIRECTOR	1.00	Director	$0	$0	$0
SUSANNE WARNER	DIRECTOR	1.00	Director	$0	$0	$0
CHI-FU JEFFREY YANG	DIRECTOR	1.00	Director	$0	$0	$0
S NABEEL ZAFAR	DIRECTOR	1.00	Director	$0	$0	$0
MOHAMED ZAYED	DIRECTOR	1.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$677,325	$561,825	$836,691	$115,500
2023	$712,880	$660,624	$734,724	$52,256
2022	$654,719	$751,928	$720,895	$-97,209
2021	$529,261	$410,886	$874,619	$118,375
2020	$503,425	$414,801	$544,820	$88,624
2019	$587,326	$764,279	$508,263	$-176,953
2018	$601,089	$710,992	$521,504	$-109,903

ASSOCIATION FOR ACADEMIC SURGERY C/O BSC MANAGEMENT LLC