THORACIC SURGERY DIRECTORS ASSOCIA… - Form 990 Financial Data

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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

1978

Legal Domicile

Principal Officer

AHMET KILIC MD

Phone

3122025854

Tax Period

2024-01-01 to 2024-12-31

THORACIC SURGERY DIRECTORS ASSOCIATION, founded in 1978, is a small nonprofit that reported $467K in total revenue in fiscal year 2024. The organization ran a surplus of $97K, a strong 21% operating margin.

Mission

TO PROVIDE RESOURCES AND NETWORKING OPPORTUNITIES FOR PROGRAM DIRECTORS AND PROGRAM COORDINATORS, AND SUPPLEMENTAL CURRICULUM MATERIALS AND RESOURCES FOR GENERAL SURGERY AND CARDIOTHORACIC SURGERY RESIDENTS.

Program Service Accomplishments

Program 1

Expenses: $59,877 Revenue: $208,875

IN-TRAINING EXAM FOR THORACIC SURGERY RESIDENTS.

Program 2

Expenses: $44,851 Revenue: $39,336

THORACIC SURGERY RESIDENTS ASSOCIATION (TSRA) OFFERS VARIOUS RESOURCES AND INFORMATION FOR MEDICAL STUDENTS, GENERAL SURGERY RESIDENTS, AND CARDIOTHORACIC SURGERY RESIDENTS AND FELLOWS INTERESTED IN CARDIOTHORACIC SURGERY EDUCATION OR ENROLLED IN A CARDIOTHORACIC SURGERY RESIDENCY OR FELLOWSHIP.

Program 3

Revenue: $149,900

MEMBERSHIP DUES

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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 $15,000

Program Service Revenue $358,775

Investment Income $36,607

Other Revenue $56,836

TOTAL REVENUE $467,218

Expense Breakdown

Grants Paid $9,916

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $106,376

Other Expenses $360,173

TOTAL EXPENSES $370,089

Year-over-Year Comparison

	2024	2023	Change
Revenue	$467,218	$454,041	+0.0%
Expenses	$370,089	$346,003	+0.1%
Net Income	$97,129	$108,038	-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

164

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID COOKE MD	PRESIDENT	3.00	Officer Director	$0	$0	$0
ANDREA J CARPENTER MD	IMMEDIATE PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
STEPHEN YANG MD	PRESIDENT-ELECT	3.00	Officer Director	$0	$0	$0
JON NESBITT MD	SECRETARY/TREASURER	3.00	Officer Director	$0	$0	$0
STEPHANIE FULLER MD	CONGENITAL CARDIAC (UNTIL MAY 2024)	0.25	Director	$0	$0	$0
AHMET KILIC MD	EARLY SPECIALIZATION COMMITTEE CHAIR	0.50	Director	$0	$0	$0
RITA MILEWSKI MD	COUNCILOR	0.50	Director	$0	$0	$0
TOM VARGHESE MD	COUNCILOR (UNTIL MAY 2024)	0.50	Director	$0	$0	$0
SHARI MEYERSON MD	COUNCILOR	0.50	Director	$0	$0	$0
RICHARD MAINWARING MD	CONGENITAL CARDIAC (AS OF MAY 2024)	0.25	Director	$0	$0	$0
CHERIE ERKMEN MD	COUNCILOR (AS OF MAY 2024)	0.50	Director	$0	$0	$0
ADAM DOTY	EXECUTIVE DIRECTOR	18.00	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	$467,218	$370,089	$1,586,283	$97,129
2023	$454,041	$346,003	$1,377,916	$108,038
2022	$414,105	$380,033	$1,133,971	$34,072
2021	$465,838	$335,029	$1,272,727	$130,809
2020	$346,495	$354,152	$1,145,225	$-7,657
2019	$548,614	$414,193	$1,084,085	$134,421
2018	$340,139	$262,662	$895,567	$77,477

THORACIC SURGERY DIRECTORS ASSOCIATION