Arthroscopy Association of North A… - 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

1981

Legal Domicile

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 MISSION OF THE ARTHROSCOPY ASSOCIATION OF NORTH AMERICA IS TO ADVANCE THE ART AND SCIENCE OF ARTHROSCOPY AND MINIMALLY INVASIVE SURGERY THROUGH EDUCATION, SKILLS ASSESSMENT AND ADVOCACY.

Program Service Accomplishments

Program 1

Expenses: $1,519,334 Revenue: $1,646,573

ANNUAL AND INTERIM MEETINGS-THE ASSOCIATION HOLDS MEETINGS FOR MEMBERS AND OTHER MEDICAL PROFESSIONALS FOR THE PURPOSE OF DISCUSSING CURRENT TOPICS IN ARTHROSCOPIC SURGERY VIA CLINICAL PAPERS...

ANNUAL AND INTERIM MEETINGS-THE ASSOCIATION HOLDS MEETINGS FOR MEMBERS AND OTHER MEDICAL PROFESSIONALS FOR THE PURPOSE OF DISCUSSING CURRENT TOPICS IN ARTHROSCOPIC SURGERY VIA CLINICAL PAPERS, COURSES AND SYMPOSIA.

Program 2

Expenses: $1,296,442 Revenue: $879,692

SURGICAL SKILLS COURSES- THE ASSOCIATION PRESENTS COURSES ON ARTHROSCOPIC SURGICAL SKILLS, DIAGNOSIS, TREATMENT AND FOLLOW-UP. A PORTION OF THE GRANTS ARE SUPPORT OF A RELATED ORGANIZATION.

Program 3

Expenses: $1,030,406 Revenue: $2,459,352

THE ASSOCIATION PRODUCES AND PROVIDES EDITORIAL DIRECTION TO A JOURNAL FOR MEMBERS AND OTHER MEDICAL PROFESSIONALS TO INCREASE THE LEVEL OF UNDERSTANDING IN THE FIELD OF ARTHROSCOPY.

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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 (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

Governance

Voting Members

Independent Members

Employees

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

$769,277

Total Directors

Key Employees

Highest Compensated

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

Arthroscopy Association of North America