AMERICAN SHOULDER & ELBOW SURGEONS

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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

1983

Legal Domicile

Principal Officer

JULIE BISHOP

Phone

8476981629

Tax Period

2024-01-01 to 2024-12-31

AMERICAN SHOULDER & ELBOW SURGEONS, founded in 1983, is a community nonprofit that reported $3.9M in total revenue in fiscal year 2024. Expenses of $4.3M exceeded revenue, resulting in a 10% operating deficit.

Mission

THE AMERICAN SHOULDER AND ELBOW SURGEONS (THE "SOCIETY") IS A NATIONAL NOT-FOR-PROFIT CORPORATION ORGANIZED TO SERVE PATIENTS, MEMBERS, AND SOCIETY BY ADVANCING SHOULDER AND ELBOW CARE.

Program Service Accomplishments

Program 1

THE SOCIETY ORGANIZES EDUCATIONAL MEDICAL CONFERENCES TO DISSEMINATE THE DEVELOPMENT OF PROCEDURES RELATING TO SURGERY OF THE SHOULDER AND ELBOW.

Program 2

PUBLICATION OF MEDICAL JOURNALS AND PERIODIC NEWSSLETTER DISSEMINATING INFORMATION RELATIVE TO DEVELOPMENTS IN THE EXPANDING FIELD OF KNOWLEDGE OF SURGERY OF THE SHOULDER AND ELBOW.

Program 3

THE OBJECTIVE OF THE ASES RESEARCH GRANT IS TO ENCOURAGE NEW INVESTIGATORS BY PROVIDING SEED AND START-UP FUNDING FOR PROMISING SHOULDER AND ELBOW RESEARCH

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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 (2024)

Revenue Breakdown

Contributions & Grants $899,196

Program Service Revenue $2,652,176

Investment Income $287,356

Other Revenue $75,318

TOTAL REVENUE $3,914,046

Expense Breakdown

Grants Paid $1,302,292

Salaries & Benefits $716,456

Fundraising Expenses $0

Other Expenses $2,300,666

TOTAL EXPENSES $4,319,414

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,914,046	$3,728,578	+0.0%
Expenses	$4,319,414	$3,052,677	+0.4%
Net Income	$-405,368	$675,901	-1.6%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

287

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

$296,793

Total Directors

$75,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
XAVIER A DURALDE MD	PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
PETER B MACDONALD MD FRCSC	IMMEDIATE PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
JOAQUIN SANCHEZ-SOTELO MD PHD	PRESIDENT ELECT	1.00	Officer Director	$0	$0	$0
GEORGE S ATHWAL MD FRCSC	MEMBER AT LARGE	1.00	Director	$0	$0	$0
JULIE BISHOP MD	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
JOHN E KUHN MD	PRESIDENT	1.00	Officer Director	$75,000	$0	$75,000
JOSEPH A ABBOUD MD	ASESF REPRESENTATIVE	1.00	Director	$0	$0	$0
ANTHONY MINIACI MD	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
SURENA NAMDARI MD	MEMBER AT LARGE	1.00	Director	$0	$0	$0
WILLIAM B MALLON MD	JSES REPRESENTATIVE	1.00	Director	$0	$0	$0
ANNA QUINTANILLA	EXECUTIVE DIRECTOR	40.00	Officer	$207,673	$14,120	$221,793
STEVEN MLODOCH	DIRECTOR OF OPERATIONS	40.00	Highest	$105,099	$6,708	$111,807

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	$3,914,046	$4,319,414	$7,978,849	$-405,368
2023	$3,728,578	$3,052,677	$8,304,220	$675,901
2022	$3,790,549	$2,588,314	$6,925,447	$1,202,235
2021	$2,952,867	$2,313,791	$6,956,348	$639,076
2020	$2,208,319	$1,626,622	$5,798,327	$581,697
2019	$3,094,043	$2,820,389	$4,681,200	$273,654
2018	$2,568,663	$3,091,588	$4,041,686	$-522,925