WOOD LIBRARY - MUSEUM OF ANESTHESIOLOGY

EIN: 363573324 501(c)(3) Arts, Culture & Humanities

SCHAUMBURG, IL

Total Revenue
$1,670,212
Total Expenses
$1,215,980
Total Assets
$17,062,930
Net Assets
$12,995,835
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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
1987
Legal Domicile
IL
Principal Officer
MARK MANKA
Phone
8478255586
Tax Period
2023-01-01 to 2023-12-31

WOOD LIBRARY - MUSEUM OF ANESTHESIOLOGY, founded in 1987, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.7M in total revenue in fiscal year 2023. Revenue fell 49% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $454K, a strong 27% operating margin.

Mission

THE MISSION OF THE WOOD LIBRARY-MUSEUM OF ANESTHESIOLOGY IS TO ADVANCE ANESTHESIOLOGY BY PRESERVING AND SHARING ITS HERTIAGE AND KNOWLEDGE, TO BE THE FOREMOST ANESTHESIA LIBRARY-MUSEUM, AND PRESERVE OUR HERITAGE TO ADVANCE OUR FUTURE.

Program Service Accomplishments

Program 1
Expenses: $159,456

COLLECTION AND PRESERVATION OF LITERATURE AND EQUIPMENT PERTAINING TO ANESTHESIOLOGY.

Program 2
Expenses: $618,114

WLM GENERAL

Program 3
Expenses: $27,464 Revenue: $3,200

PROVIDE SCIENTIFIC AND ARCHIVAL RESOURCES IN THE ANESTHESIOLOGY COMMUNITY, THE MEDICAL PROFESSION, AND THE PUBLIC.

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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 $496,578
Program Service Revenue $3,200
Investment Income $1,170,434
Other Revenue $0
TOTAL REVENUE $1,670,212

Expense Breakdown

Grants Paid $0
Salaries & Benefits $425,934
Fundraising Expenses $22,641
Program Expenses $874,815
Other Expenses $790,046
TOTAL EXPENSES $1,215,980

Year-over-Year Comparison

2023 2022 Change
Revenue $1,670,212 $3,271,155 -0.5%
Expenses $1,215,980 $1,228,740 0.0%
Net Income $454,232 $2,042,415 -0.8%
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
10
Independent Members
10
Employees
N/A
Volunteers
34

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
$1,361,346
Total Directors
10
$4,200
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ARNOLD J BERRY MD TRUSTEE (TERM. OCT 2023) 1.00
Director
$100 $0 $100
RAYMOND ROY MD PHD TRUSTEE 0.75
Director
$800 $0 $800
K GARTH HUSTON JR MD TRUSTEE 1.00
Director
$0 $0 $0
ROBERT E JOHNSTONE MD FASA VICE PRESIDENT 3.00
Officer Director
$0 $0 $1,400
LINDA J MASON MD FASA TRUSTEE 1.00
Director
$0 $0 $0
WILLIAM L MCNIECE MD PRESIDENT 5.00
Officer Director
$0 $0 $0
ROBERT THOMSEN MD TRUSTEE 0.75
Director
$0 $0 $800
MICHAEL P SMITH MD TRUSTEE 1.00
Director
$0 $0 $0
BRIAN HARRINGTON MD TRUSTEE 5.00
Director
$0 $0 $1,000
JANE MOON MD TRUSTEE 1.00
Director
$100 $0 $100
N/A EX-OFFICIO 0.25
$0 $0 $4,400
MELISSA L COLEMAN MD SECRETARY/TREASURER 1.50
Officer
$0 $0 $0
PAUL POMERANTZ CHIEF EXECUTIVE OFFICER 1.00
Officer
$0 $88,793 $874,555
LISA STEININGER CHIEF FINANCIAL OFFICER 1.00
Officer
$0 $76,996 $485,391
MATTHEW TOLAND DIRECTOR OF WLM 40.00
Highest
$117,337 $27,061 $144,398
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 $1,670,212 $1,215,980 $17,062,930 $454,232
2022 $3,271,155 $1,228,740 $15,584,218 $2,042,415
2021 $1,032,421 $1,038,890 $13,983,152 $-6,469
2020 $952,954 $1,075,845 $12,082,414 $-122,891
2019 $1,279,861 $1,155,327 $12,061,259 $124,534
2018 $1,344,029 $1,086,404 $10,746,421 $257,625
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