AMERICAN ASSOCIATION OF ORTHOPAEDIC SURGEONS

EIN: 364241052 Community Improvement

ROSEMONT, IL

Total Revenue
$25,313,960
Total Expenses
$21,275,774
Total Assets
$24,882,264
Net Assets
$14,254,880
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Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
IL
Principal Officer
THOMAS E AREND JR
Phone
8473844254
Tax Period
2023-01-01 to 2023-12-31

AMERICAN ASSOCIATION OF ORTHOPAEDIC SURGEONS, founded in 1999, is a mid-sized nonprofit in the Community Improvement sector that reported $25.3M in total revenue in fiscal year 2023. The organization ran a surplus of $4.0M, a strong 16% operating margin.

Mission

THE ASSOCIATION CARRIES ON THE ORTHOPAEDIC COMMUNITY'S ADVOCACY ACTIVITIES RELATED TO HEALTHCARE ISSUES ON BEHALF OF PATIENTS AND PROFESSIONALS.

Program Service Accomplishments

Program 1
Expenses: $6,929,712

THE ASSOCIATION CARRIES ON THE ORTHOPAEDIC COMMUNITY'S ADVOCACY ACTIVITIES RELATED TO HEALTHCARE ISSUES ON BEHALF OF PATIENTS AND PROFESSIONALS. VOLUNTEERS PROACTIVELY SUPPORT PATIENT ACCESS TO...

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THE ASSOCIATION CARRIES ON THE ORTHOPAEDIC COMMUNITY'S ADVOCACY ACTIVITIES RELATED TO HEALTHCARE ISSUES ON BEHALF OF PATIENTS AND PROFESSIONALS. VOLUNTEERS PROACTIVELY SUPPORT PATIENT ACCESS TO HEALTH CARE BY CONTACTING AND MEETING WITH MEMBERS OF CONGRESS AND OTHER DECISION MAKERS TOGETHER WITH THEIR PATIENTS TO MAKE SURE THEY UNDERSTAND THE ISSUES SURROUNDING MUSCULOSKELETAL HEALTH SO THEY CAN MAKE INFORMED DECISIONS REGARDING HEALTH CARE FUNDING.

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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 $1,696,734
Program Service Revenue $23,230,195
Investment Income $387,031
Other Revenue $0
TOTAL REVENUE $25,313,960

Expense Breakdown

Grants Paid $14,346,062
Salaries & Benefits $3,294,047
Fundraising Expenses $0
Program Expenses $6,929,712
Other Expenses $3,540,440
TOTAL EXPENSES $21,275,774

Year-over-Year Comparison

2023 2022 Change
Revenue $25,313,960 $25,107,886 +0.0%
Expenses $21,275,774 $21,412,902 0.0%
Net Income $4,038,186 $3,694,984 +0.1%
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
16
Independent Members
13
Employees
N/A
Volunteers
4000

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
10
$3,334,970
Total Directors
16
$250,176
Key Employees
15
$4,308,562
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KEVIN J BOZIC MD PRESIDENT 7.50
Officer Director
$0 $0 $127,083
PAUL TORNETTA III MD FIRST VICE-PRESIDENT 5.00
Officer Director
$0 $0 $69,160
ANNUNZIATO AMENDOLA MD SECOND VICE-PRESIDENT 5.00
Officer Director
$0 $0 $33,333
FELIX H SAVOIE MD PAST PRESIDENT 2.50
Officer Director
$0 $0 $20,000
MICHAEL L PARKS MD TREASURER 1.50
Officer Director
$0 $0 $0
ALFONSO MEJIA MD BOC CHAIR 1.00
Director
$0 $0 $0
JOEL L MAYERSON BOC CHAIR-ELECT 1.00
Director
$0 $0 $0
MICHAEL J LEDDY II MD BOC SECRETARY 1.00
Director
$0 $0 $0
ARMANDO F VIDAL MD BOS CHAIR 1.00
Director
$0 $0 $0
ADOLPH J YATES MD BOS CHAIR-ELECT 1.00
Director
$0 $0 $0
MICHAEL P BOLOGNESI MD BOS SECRETARY 1.00
Director
$0 $0 $600
MONICA M PAYARES MD MEMBER AT LARGE 1.00
Director
$0 $0 $0
CHAD A KRUGER MD MEMBER AT LARGE 1.00
Director
$0 $0 $0
EVALINA BURGER MD MEMBER AT LARGE 1.00
Director
$0 $0 $0
TONI M MCLAURIN MD MEMBER AT LARGE 1.00
Director
$0 $0 $0
LISA N MASTERS LAY MEMBER 1.00
Director
$0 $0 $0
THOMAS E AREND JR CHIEF EXECUTIVE OFFICER 40.00
Officer
$0 $65,241 $1,010,106
KONSTANTINOS T DAMALAS CHIEF OPERATING OFFICER 30.00
Officer
$0 $61,740 $688,331
ANNA SALT TROISE CHIEF COMMERICAL OFFICER 40.00
Officer
$0 $59,914 $560,813
NATHAN T GLUSENKAMP CHIEF QUALITY & REGISTRIES 5.00
Officer
$0 $65,241 $474,657
LAURA F ABRAHAMS CHIEF HUMAN RESOURCE OFFIC 5.00
Officer
$0 $58,404 $351,487
MELISSA A YOUNG GENERAL COUNSEL 30.00
Key Emp
$0 $65,241 $428,573
BENJAMIN HARKINSON COMMERCIAL SOLUTIONS DIREC 10.00
Key Emp
$0 $58,071 $329,332
ANTHONY PRIORE CHIEF MARKETING AND COMMUN 30.00
Key Emp
$0 $51,022 $311,690
SUSAN A MCSORLEY LIVE EVENTS VICE PRESIDENT 5.00
Key Emp
$0 $51,159 $310,502
HANS J KOELSCH PUBLICATIONS DIRECTOR 10.00
Key Emp
$0 $50,427 $295,174
DONNA J MALERT GOVERNANCE DIRECTOR 5.00
Key Emp
$0 $44,147 $267,640
TODD R APPLEBAUM STRATEGIC PLANNING & PERFO 5.00
Key Emp
$0 $52,741 $268,518
RACHEL M BOWERS FINANCE DIRECTOR 30.00
Key Emp
$0 $56,441 $327,901
SCOTT LIVINGSTON IT OPERATIONS & SUPPORT DI 30.00
Key Emp
$0 $54,721 $281,063
JAYSON N MURRAY CLINICAL QUALITY AND VALUE 5.00
Key Emp
$0 $18,746 $229,656
REAGAN L BAYER REGISTRIES DIRECTOR 5.00
Key Emp
$0 $45,937 $242,619
BRIAN N MOORE LEARNING & PRACTICE DIRECT 1.00
Key Emp
$0 $50,184 $249,453
LISE PUCKORIUS OLC OLC CHIEF EXECUTIVE OFFICE 0.50
Key Emp
$0 $52,584 $319,536
LANE COMPTON PROJECT MANAGEMENT OFFICE DIRECTOR 1.00
Key Emp
$0 $50,120 $231,452
PAUL ZEMAITIS LIVE EVENTS DIRECTOR 1.00
Key Emp
$0 $33,615 $215,453
CATHERINE A BOUDREAUX HAYES SENIOR GOVERNMENT RELATION 45.00
Highest
$0 $50,262 $236,055
SHREYASI DEB SR MANAGER HEALTH POLICY 45.00
Highest
$0 $49,897 $232,148
SHOBHA RAVIKUMAR SR ENGINEERING DIRECTOR 1.00
Highest
$0 $54,494 $281,739
SCOTT HASKINS IT OPERATIONS & SUPPORT DIRECTOR 30.00
Highest
$0 $45,980 $257,409
REBECCA BONDS DATA MANAGEMENT & BI DIRECTOR 1.00
Highest
$0 $27,543 $210,610
GRAHAM H NEWSON RETIRED GOVERNMENT RELATIONS VP 45.00
$0 $55,974 $358,311
JOHN THOMAS KING RETIRED CHIEF INFORMATION OFFICER 30.00
$0 $26,233 $203,954
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 $25,313,960 $21,275,774 $24,882,264 $4,038,186
2022 $25,107,886 $21,412,902 $22,250,057 $3,694,984
2021 $24,653,127 $19,943,145 $21,165,468 $4,709,982
2020 $25,790,767 $49,862,148 $17,846,717 $-24,071,381
2019 $24,705,153 $12,022,746 $40,227,327 $12,682,407
2018 $24,277,440 $24,052,054 $28,138,512 $225,386
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