AMERICAN ASSOCIATION OF ORTHOPAEDIC SURGEONS (EIN 364241052) - 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

1999

Legal Domicile

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.

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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 (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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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

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

$3,334,970

Total Directors

$250,176

Key Employees

$4,308,562

Highest Compensated

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

AMERICAN ASSOCIATION OF ORTHOPAEDIC SURGEONS