THE SOCIETY OF THORACIC SURGEONS

EIN: 363022713

CHICAGO, IL

Total Revenue
$42,114,448
Total Expenses
$37,262,533
Total Assets
$100,776,225
Net Assets
$76,489,116
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1971
Legal Domicile
IL
Phone
3122025800
Tax Period
2024-01-01 to 2024-12-31

THE SOCIETY OF THORACIC SURGEONS, founded in 1971, is a mid-sized nonprofit that reported $42.1M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $37.3M left a modest 12% surplus.

Mission

TO IMPROVE THE LIVES OF PATIENTS WITH CARDIOTHORACIC DISEASES.

Program Service Accomplishments

Program 1

EDUCATION - PROVIDE EDUCATIONAL ACTIVITIES AND PUBLISH A JOURNAL REGARDING MEDICAL AND SCIENTIFIC INFORMATION TO OVER 7,800 MEMBERS.

Program 2

HEALTH POLICY - EDUCATE OVER 7,800 MEMBERS ABOUT EXISTING AND PROPOSED LEGISLATION AND REGULATIONS, AND EDUCATE GOVERNMENTAL BODIES ABOUT THE SPECIALTY.

Program 3

QUALITY, RESEARCH, AND PATIENT SAFETY - DEVELOP AND MAINTAIN THE STS NATIONAL DATABASE FOR THORACIC SURGERY CLINICAL OUTCOMES, PROMULGATE CLINICAL PRACTICE GUIDELINES TO ENHANCE PATIENT CARE, PROVIDE...

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QUALITY, RESEARCH, AND PATIENT SAFETY - DEVELOP AND MAINTAIN THE STS NATIONAL DATABASE FOR THORACIC SURGERY CLINICAL OUTCOMES, PROMULGATE CLINICAL PRACTICE GUIDELINES TO ENHANCE PATIENT CARE, PROVIDE TIMELY AND COMPREHENSIVE ANALYTICS AND RESEARCH RESOURCES RELATED TO THE STS NATIONAL DATABASE THAT ADVANCE THE FIELD OF CARDIOTHORACIC SURGERY, AND ENGAGE IN RELATED ACTIVITIES.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,323,882
Program Service Revenue $29,849,092
Investment Income $4,518,860
Other Revenue $6,422,614
TOTAL REVENUE $42,114,448

Expense Breakdown

Grants Paid $1,036,624
Salaries & Benefits $15,608,827
Fundraising Expenses $0
Program Expenses $0
Other Expenses $20,617,082
TOTAL EXPENSES $37,262,533

Year-over-Year Comparison

2024 2023 Change
Revenue $42,114,448 $37,623,250 +0.1%
Expenses $37,262,533 $35,531,177 +0.0%
Net Income $4,851,915 $2,092,073 +1.3%
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

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Liquidity & Cash Position

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Governance

Voting Members
20
Independent Members
20
Employees
90
Volunteers
400

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
7
$1,035,362
Total Directors
23
$17,500
Key Employees
9
$3,461,952
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jennifer C Romano President 12.0
Officer Director
$8,000 $0 $8,000
John H Calhoon IMT. Past President - THRU 01/2024 2.0
Officer Director
$0 $0 $0
Joseph F Sabik III First Vice President 12.0
Officer Director
$1,000 $0 $1,000
Thomas E MacGillivray Immediate Past President 2.0
Officer Director
$0 $0 $0
Vinod H Thourani Treasurer 3.0
Officer Director
$1,000 $0 $1,000
Wilson Y Szeto Secretary 12.0
Officer Director
$5,500 $0 $5,500
Alan D Sihoe International Director 2.0
Director
$0 $0 $0
Alessandro Brunelli International Director 2.0
Director
$0 $0 $0
Anthony L Estrera Director-At-Large 2.0
Director
$0 $0 $0
Ara A Vaporciyan Director-At-Large 2.0
Director
$0 $0 $0
David T Cooke Director-At-Large - STARTED 01/2024 2.0
Director
$0 $0 $0
Gregory P Fontana Director-At-Large 2.0
Director
$0 $0 $0
John D Mitchell Treasurer-Elect 3.0
Director
$1,000 $0 $1,000
John T Kennedy III Resident Director 2.0
Director
$0 $0 $0
Karen M Kim Director-At-Large - STARTED 01/2024 2.0
Director
$0 $0 $0
Kevin D Accola Director-At-Large - THRU 01/2024 2.0
Director
$0 $0 $0
Leah M Backhus Director-At-Large 2.0
Director
$0 $0 $0
Marc Ruel Canadian Director 2.0
Director
$0 $0 $0
Patrick O Myers International Director 2.0
Director
$0 $0 $0
Sandra L Starnes Director-At-Large - STARTED 01/2024 2.0
Director
$0 $0 $0
Stephanie M Fuller Director-At-Large 2.0
Director
$0 $0 $0
Thomas G Gleason Director-At-Large - THRU 01/2024 2.0
Director
$0 $0 $0
Vinay Badhwar Second Vice President 3.0
Director
$1,000 $0 $1,000
Elaine Weiss Executive Director 60.0
Officer
$934,351 $85,511 $1,019,862
Avidan Stern General Counsel 40.0
Key Emp
$307,510 $46,989 $354,499
Charlie Simpson Senior Vice President Marketing & Communication 40.0
Key Emp
$353,601 $66,360 $419,961
Derek Brandt Vice President Government Relations 40.0
Key Emp
$262,514 $25,990 $288,504
Grahame Rush Senior Vice President 50.0
Key Emp
$419,154 $67,606 $486,760
Jane Han Vice President, Quality And Research 40.0
Key Emp
$245,489 $34,968 $280,457
Keith Bura Vice President, Finance & Admin 40.0
Key Emp
$310,425 $40,566 $350,991
Robert Habib Vice President, STS Research Center 40.0
Key Emp
$387,252 $56,742 $443,994
Scott Bradbury Vice President, Education 40.0
Key Emp
$244,230 $59,426 $303,656
William Seward Senior Vice President 50.0
Key Emp
$465,660 $67,470 $533,130
Colleen Donohoe Vice President, Meetings And Conventions 40.0
Highest
$222,537 $32,575 $255,112
Haris Subacius Associate Director, Database Analytics 40.0
Highest
$202,838 $20,449 $223,287
Kathryn Cummings Director Of Communications 40.0
Highest
$196,500 $19,225 $215,725
Kevin Gilmartin Director Of Information Technology 40.0
Highest
$179,212 $48,707 $227,919
Lee A Wiensch TSF Executive Director 0.0
Highest
$176,106 $51,608 $227,714
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 $42,114,448 $37,262,533 $100,776,225 $4,851,915
2023 $37,623,250 $35,531,177 $85,516,274 $2,092,073
2022 $32,055,717 $31,839,675 $76,171,743 $216,042
2021 $30,556,358 $28,901,749 $85,174,703 $1,654,609
2020 $35,419,706 $28,938,987 $73,521,371 $6,480,719
2019 $34,526,959 $31,007,249 $69,890,330 $3,519,710
2018 $27,766,010 $25,452,687 $59,615,936 $2,313,323
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