ASSOC OF VA SURGEONS FOUNDATION 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

2007

Legal Domicile

Principal Officer

KAMAL ITANI MD

Phone

2067949124

Tax Period

2023-01-01 to 2023-12-31

ASSOC OF VA SURGEONS FOUNDATION C/O SUE LENTZ, founded in 2007, is a small nonprofit in the Medical Research sector that reported $139K in total revenue in fiscal year 2023. Revenue surged 554% from the prior year, signaling strong growth momentum. The organization ran a surplus of $125K, a strong 90% operating margin.

Mission

THE FOUNDATION SHALL HAVE AS ITS PURPOSE THE FURTHERANCE OF THE MISSION OF THE ASSOCIATION OF VA SURGEONS TO PROMOTE EXCELLENCE IN RESEARCH AMONG VA SURGEONS AND THEIR TRAINEES. IT WILL STRIVE TO ACCOMPLISH THIS GOAL BY PROVIDING FINANCIAL ASSISTANCE IN THE FORM OF GRANTS AND PRIZES TO QUALIFIED VA OR VA-AFFILIATED APPLICANTS AND FUNDING OF APPROPRIATE EDUCATION FORUMS.

Program Service Accomplishments

Program 1

RESEARCH GRANTS FOR VA SURGEONS AND THEIR TRAINEES. NO GRANTS AWARD DURING 2023.

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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 $108,950

Program Service Revenue $0

Investment Income $30,522

Other Revenue $0

TOTAL REVENUE $139,472

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $14,218

TOTAL EXPENSES $14,218

Year-over-Year Comparison

	2023	2022	Change
Revenue	$139,472	$21,319	+5.5%
Expenses	$14,218	$13,226	+0.1%
Net Income	$125,254	$8,093	+14.5%

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

N/A

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
JAMES MALONEY MD	BOARD MEMBER	1.00	Director	$0	$0	$0
MELISSA PERKAL MD	BOARD MEMBER	1.00	Director	$0	$0	$0
KATHLEEN RAMAN MD MPH	BOARD MEMBER	1.00	Director	$0	$0	$0
SETH SPECTOR MD	PRESIDENT	1.00	Officer	$0	$0	$0
ALAN DARDICK MD PHD	SECRETARY	1.00	Officer	$0	$0	$0
JASON JOHANNING MD	TREASURER	1.00	Officer	$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	No data	No data	No data	No data
2023	$139,472	$14,218	$979,821	$125,254
2022	$21,319	$13,226	$774,569	$8,093
2021	$21,922	$11,761	$885,745	$10,161
2020	$66,534	$34,032	$805,203	$32,502
2019	$70,201	$52,197	$654,453	$18,004
2018	$147,872	$59,500	$636,449	$88,372

ASSOC OF VA SURGEONS FOUNDATION C/O SUE LENTZ