AMERICAN ASSOCIATION FOR ACCREDITATION OF AMBULATORY SURGERY FACILITIES

EIN: 363180580

HIGHLAND PARK, IL

Total Revenue
$10,282,346
Total Expenses
$9,910,563
Total Assets
$16,053,921
Net Assets
$8,020,634
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1980
Legal Domicile
IL
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

IMPLEMENT STANDARDS OF EXELLENCE TO ENSURE QUALITY OF PATIENT CARE THROUGH AN ACCREDITATION PROGRAM.

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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 (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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Governance

Voting Members
12
Independent Members
1
Employees
50
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
5
$711,571
Total Directors
12
$407,094
Key Employees
0
$0
Highest Compensated
4
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
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