Arthroscopy Association of North America

EIN: 363166049 501(c)(3)

Rosemont, IL

Total Revenue
$8,947,868
Total Expenses
$9,360,220
Total Assets
$12,567,056
Net Assets
$8,066,595
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1981
Legal Domicile
IL
Phone
8472922262
Tax Period
2024-01-01 to 2024-12-31

Arthroscopy Association of North America, founded in 1981, is a community nonprofit that reported $8.9M in total revenue in fiscal year 2024.

Mission

THE ASSOCIATION IS DEDICATED TO ADVANCING MINIMALLY INVASIVE SURGICAL EDUCATION, ADVOCACY AND SKILLS ASSESSMENT TO IMPROVE PATIENT 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,838,183
Program Service Revenue $4,958,358
Investment Income $157,561
Other Revenue $1,993,766
TOTAL REVENUE $8,947,868

Expense Breakdown

Grants Paid $660,269
Salaries & Benefits $3,117,842
Fundraising Expenses $0
Program Expenses $8,228,992
Other Expenses $5,582,109
TOTAL EXPENSES $9,360,220

Year-over-Year Comparison

2024 2023 Change
Revenue $8,947,868 $9,046,168 0.0%
Expenses $9,360,220 $9,293,657 +0.0%
Net Income $-412,352 $-247,489 +0.7%
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

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Governance

Voting Members
14
Independent Members
14
Employees
26
Volunteers
500

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
8
$769,277
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALAN CURTIS MD PRESIDENT 2.0
Officer Director
$0 $0 $0
JASON DRAGOO MD TREASURER 2.0
Officer Director
$0 $0 $0
JOHN KELLY MD 1ST VICE PRESIDENT 2.0
Officer Director
$0 $0 $0
JOHN TOKISH MD IMEDIATE PAST PRESIDENT 2.0
Officer Director
$0 $0 $0
JOSEPH TAURO MD SECRETARY 2.0
Officer Director
$0 $0 $0
KEVIN BONNER MD 2ND VICE PRESIDENT 2.0
Officer Director
$0 $0 $0
AARON KRYCH MD DIRECTOR 2.0
Director
$0 $0 $0
AUGUSTUS MAZZOCCA MD DIRECTOR 2.0
Director
$0 $0 $0
DON BUFORD MD DIRECTOR 2.0
Director
$0 $0 $0
JAMES STONE MD PAST PRESIDENT 2.0
Director
$0 $0 $0
JEANNE PATZKOWSKI MD DIRECTOR 2.0
Director
$0 $0 $0
KEVIN PLANCHER MD DIRECTOR 2.0
Director
$0 $0 $0
LAURA ALBERTON MD DIRECTOR 2.0
Director
$0 $0 $0
MICHAEL O'BRIEN MD DIRECTOR 2.0
Director
$0 $0 $0
CHRISTINE NOGAL CHIEF OPPERATING AND BUSINESS DEVELOPMENT OFFICER 40.0
Officer
$199,956 $59,085 $259,041
Laura Downes CHEIF EXECUTIVE OFFICER 40.0
Officer
$449,012 $61,224 $510,236
DENNIS SIENA VICE PRESIDENT OF FINANCE 40.0
Highest
$202,105 $59,046 $261,151
FRANCES PARK DIRECTOR OF MEETINGS 40.0
Highest
$134,793 $27,398 $162,191
KIM SANTANIELLO Vice President of Education and Research 40.0
Highest
$176,327 $45,141 $221,468
LYNNSEY RUIZ SR MANAGER OF MARKETING AND MEMBERSHIP 40.0
Highest
$102,798 $38,414 $141,212
TERRI BRUCE DIRECTOR OF DEVELOPMENT 1.0
Highest
$128,219 $23,555 $151,774
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 $8,947,868 $9,360,220 $12,567,056 $-412,352
2023 $9,046,168 $9,293,657 $11,920,156 $-247,489
2022 $8,686,132 $8,499,006 $10,928,722 $187,126
2021 $6,848,553 $6,459,358 $10,779,980 $389,195
2020 $6,750,258 $6,179,495 $10,436,167 $570,763
2019 $8,497,718 $7,958,448 $7,795,042 $539,270
2018 $7,888,429 $10,045,548 $6,689,121 $-2,157,119
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