AMERICAN ASSOCIATION FOR ACCREDITA… - 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

1980

Legal Domicile

Principal Officer

WILLIAM ROSENBLATT

Phone

8477751970

Tax Period

2023-01-01 to 2023-12-31

AMERICAN ASSOCIATION FOR ACCREDITATION OF AMBULATORY SURGERY FACILITIES, founded in 1980, is a mid-sized nonprofit that reported $10.3M in total revenue in fiscal year 2023. Expenses of $9.9M left a modest 4% surplus.

Mission

AMERICAN ASSOCIATION FOR ACCREDITATION OF AMBULATORY SURGERY FACILITIES DBA QUAD A, DEVELOPS AND IMPLEMENTS STANDARDS OF EXCELLENCE TO ENSURE THE HIGHEST QUALITY OF PATIENT CARE THROUGH AN ACCREDITATION PROGRAM THAT SERVES BOTH THE MEDICAL COMMUNITY AND THE PUBLIC INTEREST BY ESTABLISHING A MEANS FOR MEASURING MEDICAL COMPETENCE AND PROVIDING AN EXTERNAL SOURCE FOR EVALUATING PATIENT SAFETY IN THE AMBULATORY SURGERY SETTING.

Program Service Accomplishments

Program 1

ACCREDITATION OF SURGICAL AND NON-SURGICAL AMBULATORY FACILITIES LOCATED THROUGHOUT THE UNITED STATES AND INTERNATIONALLY. THE ORGANIZATION SERVES OVER 3,000 FACILITIES.

Program 2

TRAINING ON ACCREDITATION AND PATIENT SAFETY IS AVAILABLE TO QUALIFIED MEDICAL PROFESSIONALS WHO ARE MEMBERS OF THE PUBLIC, QUAD A SURVEYORS, AND QUAD A FACILITIES.

Program 3

ATTENDANCE AT TRADE SHOWS PROVIDING BOOTHS AND EXHIBITS TO THE PUBLIC AND HOSTING WORKSHOPS AND SYMPOSIA.

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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 $0

Program Service Revenue $9,793,631

Investment Income $470,425

Other Revenue $18,290

TOTAL REVENUE $10,282,346

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,723,349

Fundraising Expenses $0

Other Expenses $6,187,214

TOTAL EXPENSES $9,910,563

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,282,346	$9,735,414	+0.1%
Expenses	$9,910,563	$8,665,483	+0.1%
Net Income	$371,783	$1,069,931	-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

N/A

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

$711,571

Total Directors

$407,094

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM B ROSENBLATT MD	PRESIDENT	8.00	Officer Director	$104,250	$0	$104,250
LAWRENCE S REED MD	TREASURER	5.00	Officer Director	$76,000	$0	$76,000
ALBERTO ARGUELLO MD	SECRETARY	4.00	Officer Director	$25,000	$0	$25,000
JANICE IZLAR CRNA DNAP	VICE PRESIDENT OF STANDARD	3.00	Director	$18,000	$0	$18,000
MONTE GOLDSTEIN MD	VICE PRESIDENT OF QUALITY	4.00	Director	$40,500	$0	$40,500
FOAD NAHAI MD	PAST PRESIDENT	1.00	Director	$18,000	$0	$18,000
BONNIE G DENHOLM DNP RN CNOR	BOARD MEMBER	1.00	Director	$18,000	$0	$18,000
RICHARD HILLYER DPT MBA	BOARD MEMBER	1.00	Director	$21,500	$0	$21,500
DARRELL B RANUM JD CPHRM	BOARD MEMBER	1.00	Director	$18,000	$0	$18,000
GIL WEITZMAN MD	BOARD MEMBER	1.00	Director	$14,000	$0	$14,000
ELSIE CRAWFORD RN BSN MHA	BOARD MEMBER	1.00	Director	$45,844	$0	$45,844
LORNE ROSENFIELD MD	BOARD MEMBER	1.00	Director	$8,000	$0	$8,000
THOMAS S TERRANOVA	CHIEF EXECUTIVE OFFICER (CEO)	40.00	Officer	$325,227	$26,507	$351,734
JEANNE HENRY	DEPUTY EXECUTIVE DIRECTOR	40.00	Officer	$143,085	$11,502	$154,587
MICHON MAYFIELD	DIRECTOR OF BUSINESS DEVEL	40.00	Highest	$115,041	$30,610	$145,651
MONDA SHAVER	CHIEF REGULATORY AFFAIRS	40.00	Highest	$145,013	$33,211	$178,224
ADRIANA LOMELI	DIRECOTR OF ACCOUNTING	40.00	Highest	$102,380	$16,664	$119,044
BEVERLY ROBBINS	DIRECTOR OF SURVEY EDUCATION	40.00	Highest	$103,559	$18,990	$122,549

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	$10,282,346	$9,910,563	$16,053,921	$371,783
2022	$9,735,414	$8,665,483	$15,519,901	$1,069,931
2021	$10,355,412	$7,672,343	$14,762,694	$2,683,069
2020	$6,192,163	$5,850,850	$13,122,945	$341,313
2019	$8,327,751	$14,345,310	$11,195,259	$-6,017,559
2018	$8,408,675	$6,276,848	$16,815,052	$2,131,827

AMERICAN ASSOCIATION FOR ACCREDITATION OF AMBULATORY SURGERY FACILITIES