American Association of Neurosurge… - 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

1956

Legal Domicile

Principal Officer

Katherine O Orrico

Phone

8473780500

Tax Period

2022-07-01 to 2023-06-30

American Association of Neurosurgeons Inc, founded in 1956, is a mid-sized nonprofit in the Diseases & Disorders sector that reported $13.6M in total revenue in fiscal year 2022. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $17.1M exceeded revenue, resulting in a 25% operating deficit.

Mission

The AANS promotes the highest quality of patient care and advances the specialty of neurological surgery.

Program Service Accomplishments

Program 1

Expenses: $3,622,354 Revenue: $5,648,959

The Annual Meeting: The AANS Annual Meeting educates members and non-members about neurosurgical and socioeconomic topics as well as provides a trade show for the specialty. During FY 2023, AANS's...

The Annual Meeting: The AANS Annual Meeting educates members and non-members about neurosurgical and socioeconomic topics as well as provides a trade show for the specialty. During FY 2023, AANS's Annual Meeting was held in Los Angeles, California from April 21 through April 24, 2023.

Program 2

Expenses: $4,240,872 Revenue: $5,320,802

Publications: A monthly journal and various books to educate members and non-members about neurosurgical topics. Approximately 12,205 members subscribe to the Journal of Neurosurgery.

Program 3

Expenses: $775,551 Revenue: $1,384,617

Professional Development: AANS produces professional development courses annually to further the education, technical skills and training of AANS members, non-members, trainees, office staff and APPs (Advanced Practice Providers). In addition to Annual Meeting education, these courses may be live, online or offered as webinars. Some courses offer CME or Continuing Education credits, depending upon the audience. Most every course we offer is taught by physician faculty, APP faculty or professional consultant.

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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 (2022)

Revenue Breakdown

Contributions & Grants $120,855

Program Service Revenue $12,552,239

Investment Income $562,033

Other Revenue $383,879

TOTAL REVENUE $13,619,006

Expense Breakdown

Grants Paid $201,350

Salaries & Benefits $8,135,770

Fundraising Expenses $0

Program Expenses $9,172,207

Other Expenses $8,738,678

TOTAL EXPENSES $17,075,798

Year-over-Year Comparison

	2022	2021	Change
Revenue	$13,619,006	$11,773,869	+0.2%
Expenses	$17,075,798	$9,907,238	+0.7%
Net Income	$-3,456,792	$1,866,631	-2.9%

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

385

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

$593,599

Total Directors

Key Employees

$1,030,310

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Anthony L Asher	AANS President	5.00	Officer Director	$0	$0	$0
Jacques J Morcos	AANS President-Elect	5.00	Officer Director	$0	$0	$0
E Sander Connolly	AANS Incoming President-Elect	5.00	Officer Director	$0	$0	$0
John Joseph Knightly	AANS Vice President	5.00	Officer Director	$0	$0	$0
E Antonio Chiocca	AANS Secretary	5.00	Officer Director	$0	$0	$0
Sepideh Amin-Hanjani	AANS Treasurer	5.00	Officer Director	$0	$0	$0
Ann R Stroink	AANS Past President	5.00	Officer Director	$0	$0	$0
Regis W Haid Jr	AANS Past President (Until 04/24/23)	5.00	Officer Director	$0	$0	$0
Aviva Abosch	Director-at-Large (Until 04/24/23)	5.00	Director	$0	$0	$0
Richard W Byrne	Director-at-Large	5.00	Director	$0	$0	$0
Joseph S Cheng	Director-at-Large	5.00	Director	$0	$0	$0
Domagoj Coric	Director-at-Large	5.00	Director	$0	$0	$0
Michael Schulder	Director-at-Large (Until 04/04/23)	5.00	Director	$0	$0	$0
Jason P Sheehan	Director-at-Large	5.00	Director	$0	$0	$0
Marjorie C Wang	Director-at-Large	5.00	Director	$0	$0	$0
Stacey C Wolfe	Director-at-Large	5.00	Director	$0	$0	$0
Kenneth S Blumenfeld	Regional Director (Until 04/04/23)	5.00	Director	$0	$0	$0
Shaun Thomas O'Leary	Regional Director	5.00	Director	$0	$0	$0
Mark E Linskey	Regional Director	5.00	Director	$0	$0	$0
Mark R Iantosca	Regional Director	5.00	Director	$0	$0	$0
Ann M Parr	Regional Director (Until 04/24/23)	5.00	Director	$0	$0	$0
Sharon Woods Webb	Regional Director	5.00	Director	$0	$0	$0
Kathleen T Craig	Chief Executive Officer	15.00	Officer	$547,744	$45,855	$593,599
Carol Jones	Chief Financial Officer	15.00	Officer	$0	$0	$0
Katherine O Orrico	Washington Office Director	50.00	Key Emp	$318,282	$45,639	$363,921
Kathryn A Dattomo	Chief Development Officer	35.50	Key Emp	$191,224	$46,906	$238,130
Cathy J Hill	Manager, Regulatory Affair	38.00	Key Emp	$158,495	$32,281	$190,776
Stefan P Rykowski	VP, Registries & Data Services	5.00	Key Emp	$202,216	$35,267	$237,483
Adrienne R Mortimer	Sr., Mgr/Leg Affairs	38.00	Highest	$148,389	$43,546	$191,935
Spencer Bone	Director of Marketing	38.00	Highest	$141,875	$1,489	$143,364
John Schroeder	Director of Digital Strategy	38.00	Highest	$140,872	$41,967	$182,839
Ann Marie Bray	Sr., Direct Event Strategy	38.00	Highest	$129,691	$27,094	$156,785
William T John	Accounting Manager	38.00	Highest	$123,543	$40,568	$164,111

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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$13,619,006	$17,075,798	$62,557,911	$-3,456,792
2022	$11,773,869	$9,907,238	$35,665,439	$1,866,631
2021	$10,342,533	$11,412,409	$41,529,336	$-1,069,876
2020	$9,442,264	$13,681,726	$32,721,045	$-4,239,462
2019	$16,696,213	$17,980,981	$35,741,148	$-1,284,768
2018	$15,155,977	$15,974,283	$36,441,385	$-818,306

American Association of Neurosurgeons Inc