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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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

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.

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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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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
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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