AMERICAN ASSOCIATION OF HIP & KNEE SURGEONS

EIN: 363832205

ROSEMONT, IL

Total Revenue
$9,494,616
Total Expenses
$8,701,815
Total Assets
$11,444,483
Net Assets
$9,571,162
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Organization Details

Formation Year
1992
Legal Domicile
IL
Principal Officer
MICHAEL ZARSKI
Phone
8476981200
Tax Period
2023-01-01 to 2023-12-31

AMERICAN ASSOCIATION OF HIP & KNEE SURGEONS, founded in 1992, is a community nonprofit that reported $9.5M in total revenue in fiscal year 2023. Expenses of $8.7M left a modest 8% surplus.

Mission

TO ADVANCE HIP AND KNEE PATIENT CARE THROUGH EDUCATION, ADVOCACY, RESEARCH AND OUTREACH.

Program Service Accomplishments

Program 1

ANNUAL MEETING - THE ASSOCIATION CONDUCTS AN ACCREDITED MEDICAL EDUCATION CONFERENCE ATTENDED BY OVER 3,600 SURGEONS AND INDUSTRY PROFESSIONALS, 4,400 LIVE ATTENDEES AND 326 VIRTUAL ATTENDEES FOR THE...

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ANNUAL MEETING - THE ASSOCIATION CONDUCTS AN ACCREDITED MEDICAL EDUCATION CONFERENCE ATTENDED BY OVER 3,600 SURGEONS AND INDUSTRY PROFESSIONALS, 4,400 LIVE ATTENDEES AND 326 VIRTUAL ATTENDEES FOR THE 2023 HYBRID ANNUAL MEETING. NO INTERNATIONAL GRANTS GIVEN IN 2023. ORIGINAL RESEARCH, SURGICAL TECHNIQUES AND HEALTH POLICY TOPICS ARE PRESENTED. THE PROCEEDINGS OF THE CONFERENCE ARE PUBLISHED IN ONE OF THE ASSOCIATION'S OFFICIAL PUBLICATIONS, JOURNAL OF ARTHROPLASTY. ADDITIONAL ACCREDITED CONTINUING MEDICAL EDUCATION ACTIVITIES WERE CONDUCTED.

Program 2

HEALTH POLICY ACTIVITIES - FEDERAL POLICY MAKERS IN CONGRESS AND THE EXECUTIVE DEPARTMENTS AND AGENCIES WERE PROVIDED INFORMATION AND ANALYSIS ABOUT TOTAL JOINT ARTHROPLASTY OVER THE COURSE OF THE...

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HEALTH POLICY ACTIVITIES - FEDERAL POLICY MAKERS IN CONGRESS AND THE EXECUTIVE DEPARTMENTS AND AGENCIES WERE PROVIDED INFORMATION AND ANALYSIS ABOUT TOTAL JOINT ARTHROPLASTY OVER THE COURSE OF THE YEAR. THIS ASSISTS THE GOVERNMENT IN MAKING BETTER DECISIONS ON HEALTHCARE RELATED MATTERS THAT AFFECT MILLIONS OF PATIENTS. THE ASSOCIATION ALSO ORGANIZES AND SUPPORTS A HEALTH POLICY FELLOWS PROGRAM THAT ALLOWED SEVERAL SURGEON-MEMBERS TO ATTEND VARIOUS EVENTS IN WASHINGTON DC AND ELSEWHERE RELATED TO HEALTH POLICY AND TO INTERACT WITH HIGH-LEVEL FEDERAL OFFICIALS AND LEGISLATORS. THE HEALTH POLICY FELLOWSHIP ALLOWS THE PARTICIPANTS TO BECOME MORE EFFECTIVE AT UNDERSTANDING AND ASSISTING THE PROCESS BY WHICH POLICY BECOMES LAW AND REGULATION.

Program 3

RESEARCH - THE ASSOCIATION PRODUCES TWO PEER-REVIEWED MEDICAL JOURNALS, THE JOURNAL OF ARTHROPLASTY AND ARTHROPLASTY TODAY. THESE JOURNALS CONVEY THE RESULTS OF RESEARCH THAT CAN ALTER AND IMPROVE...

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RESEARCH - THE ASSOCIATION PRODUCES TWO PEER-REVIEWED MEDICAL JOURNALS, THE JOURNAL OF ARTHROPLASTY AND ARTHROPLASTY TODAY. THESE JOURNALS CONVEY THE RESULTS OF RESEARCH THAT CAN ALTER AND IMPROVE THE PRACTICE OF TOTAL JOINT ARTHROPLASTY. THE ASSOCIATION'S RESEARCH COMMITTEE ALSO CONDUCTED THE EVALUATION OF GRANT APPLICATIONS SUBMITTED FOR FUNDING TO THE RELATED FOUNDATION FOR ARTHROPLASTY RESEARCH AND EDUCATION. FELLOWSHIP GRANT RECIPIENTS MUST HAVE A CURRENT PROGRAM AGREEMENT WITH AAHKS AND SF MATCH ACCOUNT. RECEIPT OF FUNDS REQUIRES COMPLETION OF A FELLOWSHIP MATCH PROGRAM DIRECTOR AND COORDINATOR SURVEY.

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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 $2,293,738
Program Service Revenue $6,358,788
Investment Income $278,201
Other Revenue $563,889
TOTAL REVENUE $9,494,616

Expense Breakdown

Grants Paid $119,290
Salaries & Benefits $1,990,348
Fundraising Expenses $0
Other Expenses $6,592,177
TOTAL EXPENSES $8,701,815

Year-over-Year Comparison

2023 2022 Change
Revenue $9,494,616 $9,412,032 +0.0%
Expenses $8,701,815 $8,633,315 +0.0%
Net Income $792,801 $778,717 +0.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
9
Employees
11
Volunteers
215

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
7
$400,839
Total Directors
15
$45,000
Key Employees
2
$384,476
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SPRINGER BRYAN D PRESIDENT/PAST PRESIDENT 2.00
Director
$0 $0 $0
IORIO RICHARD PAST PRESIDENT 2.00
Director
$0 $0 $0
HUDDLESTON JAMES I FIRST VP/SECOND VP 2.00
Officer Director
$0 $0 $0
CHEN ANTONIA F THIRD VP 2.00
Director
$0 $0 $0
BROWNE JAMES A TREASURER 2.00
Officer Director
$20,000 $0 $20,000
MANNING DAVID W MEMBER-AT-LARGE 2.00
Director
$0 $0 $0
TUCKER KIM K MEMBER-AT-LARGE 2.00
Director
$0 $0 $0
NUNLEY RYAN M TREASURER 2.00
Officer Director
$0 $0 $0
PARVIZI JAVAD PRESIDENT/FIRST VP 2.00
Officer Director
$0 $0 $0
MIHALKO WILLIAM M MEMBER-AT-LARGE 2.00
Director
$0 $0 $0
SIERRA RAFAEL J SECRETARY 2.00
Officer Director
$0 $0 $0
MENEGHINI R MICHAEL SECOND VP/THIRD VP 2.00
Officer Director
$0 $0 $0
DELANOIS RONALD E MEMBER-AT-LARGE 2.00
Director
$0 $0 $0
ABDEL MATTHEW P MEMBER-AT-LARGE 2.00
Director
$0 $0 $0
BELLAMY JAIME L MEMBER-AT-LARGE 2.00
Director
$25,000 $0 $25,000
ZARSKI MICHAEL EXECUTIVE DIRECTOR 50.00
Officer
$356,325 $24,514 $380,839
KERR JOSHUA DEPUTY EXECUTIVE DIRECTOR 50.00
Key Emp
$182,000 $33,112 $215,112
WOLFE SIGITA SR DIR OF EDUCATION AND SC 50.00
Key Emp
$150,465 $18,899 $169,364
LUSK EILEEN SENIOR DIRECTOR OF MEMBERSHIP 44.00
Highest
$130,344 $38,433 $168,777
MALVAR-LEDDA RENALIN J SR DIR OF EVENTS AND OPERA 45.00
Highest
$120,313 $43,234 $163,547
MITCHELL JEFF DIR OF MKTG AND CORP RELAT 45.00
Highest
$125,174 $31,400 $156,574
RODGERS CHIARA DIR OF RESEARCH AND HUMANI 40.00
Highest
$125,174 $18,133 $143,307
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 $9,494,616 $8,701,815 $11,444,483 $792,801
2022 $9,412,032 $8,633,315 $11,054,452 $778,717
2021 $7,068,995 $6,408,878 $10,620,526 $660,117
2020 $4,229,599 $4,891,242 $8,988,391 $-661,643
2019 $7,472,771 $7,201,345 $9,545,176 $271,426
2018 $6,565,768 $6,239,482 $7,787,414 $326,286
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