AMERICAN ACADEMY OF ORTHOPAEDIC SURGEONS (EIN 362110592) - 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

1948

Legal Domicile

Principal Officer

THOMAS E AREND JR

Phone

8473844254

Tax Period

2023-01-01 to 2023-12-31

AMERICAN ACADEMY OF ORTHOPAEDIC SURGEONS, founded in 1948, is a mid-sized nonprofit in the Diseases & Disorders sector that reported $46.5M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. Net assets of $145.6M represent 38 months of operating reserves.

Mission

SERVING OUR PROFESSIONALS TO PROVIDE THE HIGHEST QUALITY MUSCULOSKELETAL CARE.

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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 $14,894,974

Program Service Revenue $28,909,235

Investment Income $255,240

Other Revenue $2,440,072

TOTAL REVENUE $46,499,521

Expense Breakdown

Grants Paid $564,000

Salaries & Benefits $25,220,829

Fundraising Expenses $138,599

Program Expenses $29,635,096

Other Expenses $23,931,199

TOTAL EXPENSES $49,716,028

Year-over-Year Comparison

	2023	2022	Change
Revenue	$46,499,521	$39,178,611	+0.2%
Expenses	$49,716,028	$46,423,214	+0.1%
Net Income	$-3,216,507	$-7,244,603	-0.6%

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

246

Volunteers

4000

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

$3,344,970

Total Directors

$250,176

Key Employees

$4,308,562

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN J BOZIC MD	PRESIDENT	7.50	Officer Director	$127,083	$0	$127,083
PAUL TORNETTA III MD	FIRST VICE-PRESIDENT	5.00	Officer Director	$69,160	$0	$69,160
ANNUNZIATO AMENDOLA MD	SECOND VICE-PRESIDENT	5.00	Officer Director	$33,333	$0	$33,333
FELIX H SAVOIE MD	PAST PRESIDENT	2.50	Officer Director	$20,000	$0	$20,000
MICHAEL L PARKS MD	TREASURER	1.50	Officer Director	$0	$0	$0
ALFONSO MEJIA MD	BOC CHAIR	1.00	Director	$0	$0	$0
JOEL L MAYERSON	BOC CHAIR-ELECT	1.00	Director	$0	$0	$0
MICHAEL J LEDDY III MD	BOC SECRETARY	1.00	Director	$0	$0	$0
ARMANDO F VIDAL MD	BOS CHAIR	1.00	Director	$0	$0	$0
ADOLPH J YATES MD	BOS CHAIR-ELECT	1.00	Director	$0	$0	$0
MICHAEL P BOLOGNESI MD	BOS SECRETARY	1.00	Director	$600	$0	$600
MONICA M PAYARES MD	MEMBER AT LARGE	1.00	Director	$0	$0	$0
CHAD A KRUGER MD	MEMBER AT LARGE	1.00	Director	$0	$0	$0
EVALINA BURGER MD	MEMBER AT LARGE	1.00	Director	$0	$0	$0
TONI M MCLAURIN MD	MEMBER AT LARGE	1.00	Director	$0	$0	$0
LISA N MASTERS	LAY MEMBER	1.00	Director	$0	$0	$0
THOMAS E AREND JR	CHIEF EXECUTIVE OFFICER	40.00	Officer	$944,865	$65,241	$1,010,106
KONSTANTINOS T DAMALAS	CHIEF OPERATING OFFICER	30.00	Officer	$636,591	$61,740	$698,331
ANNA SALT TROISE	CHIEF COMMERICAL OFFICER	40.00	Officer	$500,899	$59,914	$560,813
NATHAN T GLUSENKAMP	CHIEF QUALITY & REGISTRIES	45.00	Officer	$409,416	$65,241	$474,657
LAURA F ABRAHAMS	CHIEF HUMAN RESOURCE OFFIC	45.00	Officer	$293,083	$58,404	$351,487
MELISSA A YOUNG	GENERAL COUNSEL	30.00	Key Emp	$363,332	$65,241	$428,573
BENJAMIN HARKINSON	COMMERCIAL SOLUTIONS DIREC	40.00	Key Emp	$271,261	$58,071	$329,332
ANTHONY PRIORE	CHIEF MARKETING AND COMMUN	30.00	Key Emp	$260,668	$51,022	$311,690
SUSAN A MCSORLEY	LIVE EVENTS VICE PRESIDENT	45.00	Key Emp	$259,343	$51,159	$310,502
HANS J KOELSCH	PUBLICATIONS DIRECTOR	40.00	Key Emp	$244,747	$50,427	$295,174
DONNA J MALERT	GOVERNANCE DIRECTOR	45.00	Key Emp	$223,493	$44,147	$267,640
TODD R APPLEBAUM	STRATEGIC PLANNING & PERFO	45.00	Key Emp	$215,777	$52,741	$268,518
RACHEL M BOWERS	FINANCE DIRECTOR	30.00	Key Emp	$271,460	$56,441	$327,901
SCOTT LIVINGSTON	IT OPERATIONS & SUPPORT DI	30.00	Key Emp	$226,342	$54,721	$281,063
JAYSON N MURRAY	CLINICAL QUALITY AND VALUE	45.00	Key Emp	$210,910	$18,746	$229,656
REAGAN L BAYER	REGISTRIES DIRECTOR	45.00	Key Emp	$196,682	$45,937	$242,619
BRIAN N MOORE	LEARNING & PRACTICE DIRECT	50.00	Key Emp	$199,269	$50,184	$249,453
LISE PUCKORIUS OLC	OLC CHIEF EXECUTIVE OFFICE	0.50	Key Emp	$266,952	$52,584	$319,536
LANE COMPTON	PROJECT MANAGEMENT OFFICE DIRECTOR	45.00	Key Emp	$181,332	$50,120	$231,452
PAUL ZEMAITIS	LIVE EVENTS DIRECTOR	45.00	Key Emp	$181,838	$33,615	$215,453
CATHERINE A BOUDREAUX HAYES ASSOC	SENIOR GOVERNMENT RELATION	5.00	Highest	$185,793	$50,262	$236,055
SHREYASI DEB ASSOC	SR MANAGER HEALTH POLICY	5.00	Highest	$182,251	$49,897	$232,148
SHOBHA RAVIKUMAR	SR ENGINEERING DIRECTOR	45.00	Highest	$227,245	$54,494	$281,739
SCOTT HASKINS	IT OPERATIONS & SUPPORT DI	30.00	Highest	$211,429	$45,980	$257,409
REBECCA BONDS	DATA MANAGEMENT & BI DIRECTOR	45.00	Highest	$183,067	$27,543	$210,610
GRAHAM H NEWSON RETIRED - ASSOC	GOVERNMENT RELATIONS VP	5.00		$302,337	$55,974	$358,311
JOHN THOMAS KING RETIRED	CHIEF INFORMATION OFFICER	30.00		$177,721	$26,233	$203,954

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	$46,499,521	$49,716,028	$187,086,157	$-3,216,507
2022	$39,178,611	$46,423,214	$182,864,178	$-7,244,603
2021	$50,361,966	$42,747,086	$176,011,100	$7,614,880
2020	$86,943,619	$40,735,098	$161,166,072	$46,208,521
2019	$42,170,998	$47,323,122	$126,078,151	$-5,152,124
2018	$47,600,432	$43,716,188	$121,700,563	$3,884,244

AMERICAN ACADEMY OF ORTHOPAEDIC SURGEONS