AMERICAN ASSOCIATION FOR THORACIC SURGERY (EIN 046406547) - Form 990 Financial Analysis & Trantor Score

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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

1917

Legal Domicile

Principal Officer

LARS G SVENNSON MD PHD

Phone

9782522200

Tax Period

2023-01-01 to 2023-12-31

AMERICAN ASSOCIATION FOR THORACIC SURGERY, founded in 1917, is a mid-sized nonprofit that reported $11.7M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

PROMOTE SCHOLARSHIP, INNOVATION, AND LEADERSHIP FOR THORACIC AND CARDIOVASCULAR SURGERY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,088,612

Program Service Revenue $9,924,140

Investment Income $558,362

Other Revenue $128,922

TOTAL REVENUE $11,700,036

Expense Breakdown

Grants Paid $24,819

Salaries & Benefits $3,238,988

Fundraising Expenses $0

Other Expenses $8,269,250

TOTAL EXPENSES $11,533,057

Year-over-Year Comparison

	2023	2022	Change
Revenue	$11,700,036	$10,378,976	+0.1%
Expenses	$11,533,057	$11,241,504	+0.0%
Net Income	$166,979	$-862,528	-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

Volunteers

368

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

$520,131

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LARS G SVENSSON MD PHD	PRESIDENT	3.00	Officer Director	$0	$0	$0
DAVID R JONES MD	PRESIDENT-ELECT	3.00	Officer Director	$0	$0	$0
EMILE A BACHA MD	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
YOLONDA L COLSON MD	PAST PRESIDENT	3.00	Officer Director	$0	$0	$0
ROSEMARY F KELLY MD	SECRETARY	2.00	Officer Director	$0	$0	$0
LEONARD N GIRARDI MD	TREASURER	3.00	Officer Director	$0	$0	$0
ANELECHI ANYANWU MD	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL A BORGER MD	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTOPHER A CALDARONE MD	DIRECTOR	1.00	Director	$0	$0	$0
RALPH J DAMIANO JR MD	DIRECTOR	2.00	Director	$0	$0	$0
THOMAS A D'AMICO MD	DIRECTOR	1.00	Director	$0	$0	$0
ISABELLE OPITZ	DIRECTOR	1.00	Director	$0	$0	$0
TODD K ROSENGART	DIRECTOR (UNTIL 05/23)	2.00	Director	$0	$0	$0
Y JOSEPH WOO MD	DIRECTOR (UNTIL 05/23)	3.00	Director	$0	$0	$0
SHAF KESHAVJEE MD	DIRECTOR (UNTIL 05/23)	3.00	Director	$0	$0	$0
DANIELA MOLENA	DIRECTOR (AS OF 05/23)	1.00	Director	$0	$0	$0
KAZUHIRO YASUFUKU	DIRECTOR (AS OF 05/23)	1.00	Director	$0	$0	$0
DAVID BOBBITT	CHIEF EXECUTIVE OFFICER	35.00	Officer	$354,712	$46,582	$401,294
DAVID NEAL	SENIOR DIRECTOR OF FINANCE	30.00	Officer	$114,003	$4,834	$118,837
SPENCER MCGRATH	DIRECTOR OF PUBLICATIONS	40.00	Highest	$203,075	$36,558	$239,633
MELISSA BINETTE	SR. DIRECTOR OF MTGS & INDUSTRY	40.00	Highest	$185,181	$36,399	$221,580
ISHAQUE ARTHUR	SR. PROGRAM MGR AQG	35.00	Highest	$157,452	$34,719	$192,171
CARA GENSEL-HRUBES	DIRECTOR OF IT	35.00	Highest	$169,253	$22,943	$192,196
ADAM SILVA	DIRECTOR OF ADMINISTRATION	40.00	Highest	$147,996	$26,860	$174,856

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	No data	No data	No data	No data
2023	$11,700,036	$11,533,057	$17,034,376	$166,979
2022	$10,378,976	$11,241,504	$17,890,528	$-862,528
2021	$6,938,092	$6,463,151	$19,525,538	$474,941
2020	$5,764,071	$6,567,196	$16,966,850	$-803,125
2019	$13,697,771	$10,970,327	$17,434,774	$2,727,444
2018	$10,025,892	$8,815,320	$13,924,814	$1,210,572
2018	$9,844,984	$8,822,053	$13,924,814	$1,022,931
2016	$8,778,108	$7,888,074	$12,128,764	$890,034

AMERICAN ASSOCIATION FOR THORACIC SURGERY