THE AMERICAN FOREGUT SOCIETY

EIN: 472307715 501(c)(3) Medical Research

MINNEAPOLIS, MN

Total Revenue
$1,700,315
Total Expenses
$927,931
Total Assets
$1,076,236
Net Assets
$937,934
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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
2014
Legal Domicile
CO
Principal Officer
KATE FREEMAN
Phone
3035174906
Tax Period
2024-01-01 to 2024-12-31

THE AMERICAN FOREGUT SOCIETY, founded in 2014, is a community nonprofit in the Medical Research sector that reported $1.7M in total revenue in fiscal year 2024. Revenue surged 62% from the prior year, signaling strong growth momentum. The organization ran a surplus of $772K, a strong 45% operating margin.

Mission

GUIDE THE DIAGNOSIS & MANAGEMENT OF FOREGUT DISEASE THROUGH GASTROENTEROLOGISTS & FOREGUT SURGEONS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $260,000
Program Service Revenue $1,434,095
Investment Income $0
Other Revenue $6,220
TOTAL REVENUE $1,700,315

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $39,675
Program Expenses $774,119
Other Expenses $927,931
TOTAL EXPENSES $927,931

Year-over-Year Comparison

2024 2023 Change
Revenue $1,700,315 $1,047,142 +0.6%
Expenses $927,931 $1,228,562 -0.2%
Net Income $772,384 $-181,420 -5.3%
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

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Governance

Voting Members
18
Independent Members
18
Employees
N/A
Volunteers
19

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
5
$0
Total Directors
18
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
REGINALD BELL MD CHAIRMAN OF THE BOARD 2.00
Officer Director
$0 $0 $0
FELICE SCHNOLL-SUSSMAN MD MSC PRESIDENT 2.00
Officer Director
$0 $0 $0
DAN LISTER MD PRESIDENT-ELECT/TREASURER 2.00
Officer Director
$0 $0 $0
MICHAEL S SMITH MD MBA SECRETARY 2.00
Officer Director
$0 $0 $0
JOHN LIPHAM MD DIRECTOR 1.00
Director
$0 $0 $0
PETER KAHRILAS MD DIRECTOR 1.00
Director
$0 $0 $0
PHILIP KATZ MD DIRECTOR 1.00
Director
$0 $0 $0
LEE SWANSTROM MD DIRECTOR 1.00
Director
$0 $0 $0
CHRISTY M DUNST MD DIRECTOR 1.00
Director
$0 $0 $0
C PRAKASH GYAWALI MD DIRECTOR 1.00
Director
$0 $0 $0
STUART SPECHLER MD DIRECTOR 1.00
Director
$0 $0 $0
THOMAS L WATSON MD FACS DIRECTOR 1.00
Director
$0 $0 $0
BARHAM K ABU DAYYEH MD DIRECTOR 1.00
Director
$0 $0 $0
NINH NGUYEN MD DIRECTOR 1.00
Director
$0 $0 $0
KERRY DUNBAR MD DIRECTOR 1.00
Director
$0 $0 $0
FRANCIS BUCKLEY MD DIRECTOR 1.00
Director
$0 $0 $0
KENNETH CHANG MD DIRECTOR 1.00
Director
$0 $0 $0
MIKE UJIKI MD DIRECTOR 1.00
Director
$0 $0 $0
KATE FREEMAN EXECUTIVE DIRECTOR 40.00
Officer
$0 $0 $0
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 $1,700,315 $927,931 $1,076,236 $772,384
2023 $1,047,142 $1,228,562 $366,388 $-181,420
2023 $969,249 $1,237,387 $286,088 $-268,138
2022 $1,086,785 $1,255,322 $493,542 $-168,537
2021 $940,156 $900,678 $780,615 $39,478
2020 $668,135 $562,040 $563,671 $106,095
2019 $830,422 $587,793 $270,979 $242,629
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