THE ASSOCIATION OF MIDWEST ACADEMIC ANESTHESIA CHAIRS INC (EIN 363740238) - Form 990 Financial Analysis & Trantor Score

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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

1990

Legal Domicile

Principal Officer

DR CHRISTOPHER TROIANOS

Phone

8472135555

Tax Period

2024-10-01 to 2025-09-30

THE ASSOCIATION OF MIDWEST ACADEMIC ANESTHESIA CHAIRS INC, founded in 1990, is a small nonprofit that reported $411K in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $539K exceeded revenue, resulting in a 31% operating deficit.

Mission

ASSOCIATION IS ORGANIZED TO FOSTER RESEARCH, EDUCATION AND TEACHING IN ANESTHESIA RESIDENCY PROGRAMSIN THE MIDWESTER STATES; AND TO CONDUCT ANESTHESIA RESIDENCY SEMINARS AND PROMOTE THE ANESTHESIA SPECIALTY IN THE MEDICAL PROFESSION.

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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 $179,500

Program Service Revenue $216,475

Investment Income $14,639

Other Revenue $0

TOTAL REVENUE $410,614

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $493,490

Other Expenses $539,343

TOTAL EXPENSES $539,343

Year-over-Year Comparison

	2024	2023	Change
Revenue	$410,614	$371,091	+0.1%
Expenses	$539,343	$351,606	+0.5%
Net Income	$-128,729	$19,485	-7.6%

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

N/A

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
DR CHRISTOPHER TROIANOS	PRESIDENT-ELECT	Officer	$0	$0	$0
DR MICHAEL WALL	PRESIDENT-ELECT	Officer	$0	$0	$0
DR HEATHER MCFARLAND	TREASURER AND SECRETARY	Officer	$0	$0	$0
DR ANDREW PATTERSON	INTERIM TREASURER AND SECRETARY	Officer	$0	$0	$0

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
2025	$410,614	$539,343	$488,336	$-128,729
2024	$371,091	$351,606	$617,065	$19,485
2023	$365,096	$342,614	$597,580	$22,482
2022	$363,047	$392,000	$575,098	$-28,953
2021	$157,648	$108,331	$604,051	$49,317
2020	$82,787	$174,123	$554,734	$-91,336
2019	$382,396	$337,209	$646,070	$45,187
2018	$350,311	$339,229	$600,883	$11,082

THE ASSOCIATION OF MIDWEST ACADEMIC ANESTHESIA CHAIRS INC