THE ASSOCIATION OF MIDWEST ACADEMIC ANESTHESIA CHAIRS INC

EIN: 363740238 501(c)(3)

CHICAGO, IL

Total Revenue
$410,614
Total Expenses
$539,343
Total Assets
$488,336
Net Assets
$488,336
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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
IL
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 MIDWESTERN STATES: AND TO CONDUCT ANESTHESIA RESIDENCY SEMINAR AND PROMOTE THE ANESTHESIA SPECIALTY IN THE MEDICAL PROFESSION.

Program Service Accomplishments

Program 1
Expenses: $493,490 Revenue: $231,114

AN ANNUAL MEETING IN APRIL FOR EDUCATIONAL PURPOSES. THIS MEETING CONSISTS OF PRESENTATIONS OF RESEARCH CONDUCTED BY ANESTHEIOLOGY RESIDENTS AND EDUCATIONAL LECTURES AND SCIENTIFIC EXHIBITS.

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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 (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

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Governance

Voting Members
32
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
4
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR CHRISTOPHER TROIANOS PRESIDENT-ELECT 0.00
Officer
$0 $0 $0
DR MICHAEL WALL PRESIDENT-ELECT 0.00
Officer
$0 $0 $0
DR HEATHER MCFARLAND TREASURER AND SECRETARY 0.00
Officer
$0 $0 $0
DR ANDREW PATTERSON INTERIM TREASURER AND SECRETARY 0.00
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
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