AMERICAN FOUNDATION FOR SURGERY OF THE HAND

EIN: 742428242 501(c)(3) Medical Research

CHICAGO, IL

Total Revenue
$3,389,748
Total Expenses
$1,859,648
Total Assets
$36,953,787
Net Assets
$35,479,933
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1986
Legal Domicile
IL
Principal Officer
MELISSA A GARCIA
Phone
3128801900
Tax Period
2023-01-01 to 2023-12-31

AMERICAN FOUNDATION FOR SURGERY OF THE HAND, founded in 1986, is a community nonprofit in the Medical Research sector that reported $3.4M in total revenue in fiscal year 2023. Revenue fell 54% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $1.5M, a strong 45% operating margin.

Mission

TO ADVANCE THE CARE OF HAND AND UPPER EXTREMITY DISORDERS BY SUPPORTING RESEARCH, EDUCATION AND OUTREACH THROUGH THE EFFICIENT COLLECTION OF DONATIONS AND ADMINISTRATION OF GRANTS.

Program Service Accomplishments

Program 1
Expenses: $457,480

RESEARCH PROGRAM - DEVELOP NEW IDEAS AND NEW KNOWLEDGE IN THE FIELD OF HAND AND UPPER EXTREMITY CARE THROUGH A VARIETY OF GRANTS.

Program 2
Expenses: $518,299

EDUCATION PROGRAM - ELEVATING THE SKILL LEVEL OF SURGEONS IN THE AREAS OF HAND AND UPPER EXTREMITY SURGERY THROUGH FUNDING OF EDUCATIONAL PROGRAMS AND AWARDING OF GRANTS. INCLUDED IN HERE ARE...

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EDUCATION PROGRAM - ELEVATING THE SKILL LEVEL OF SURGEONS IN THE AREAS OF HAND AND UPPER EXTREMITY SURGERY THROUGH FUNDING OF EDUCATIONAL PROGRAMS AND AWARDING OF GRANTS. INCLUDED IN HERE ARE RESIDENT AND FELLOW SCHOLARSHIPS WHICH ALLOW APPROXIMATELY 160 YOUNG SURGEONS TO ATTEND THE ASSH ANNUAL MEETING AT NO COST.

Program 3
Expenses: $491,493

OUTREACH PROGRAM - TO PROVIDE "SHORT TERM MISSIONS" OF HAND SURGERY/THERAPY IN COMBINATION WITH PRACTICAL EDUCATION ON CURRENT TREATMENT OPTIONS FOR COMMON PROBLEMS IN UNDERSERVED AREAS. IN 2023...

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OUTREACH PROGRAM - TO PROVIDE "SHORT TERM MISSIONS" OF HAND SURGERY/THERAPY IN COMBINATION WITH PRACTICAL EDUCATION ON CURRENT TREATMENT OPTIONS FOR COMMON PROBLEMS IN UNDERSERVED AREAS. IN 2023, THIS INCLUDED THE TOUCHING HANDS WHICH RECEIVED DONATED EQUIPMENT AND SUPPLIES TO ASSIST WITH THESE MISSIONS.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,408,268
Program Service Revenue $0
Investment Income $974,826
Other Revenue $6,654
TOTAL REVENUE $3,389,748

Expense Breakdown

Grants Paid $1,221,634
Salaries & Benefits $181,260
Fundraising Expenses $82,646
Program Expenses $1,507,384
Other Expenses $456,754
TOTAL EXPENSES $1,859,648

Year-over-Year Comparison

2023 2022 Change
Revenue $3,389,748 $7,353,909 -0.5%
Expenses $1,859,648 $1,713,965 +0.1%
Net Income $1,530,100 $5,639,944 -0.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
15
Independent Members
14
Employees
14
Volunteers
140

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
9
$1,045,443
Total Directors
17
$70,000
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AMY L LADD TRUSTEE 1.00
Director
$0 $0 $0
ARNOLD-PETER C WEISS MD TRUSTEE 1.00
Director
$0 $0 $0
ANA ESCAGEDO TRUSTEE 1.00
Director
$0 $0 $0
JULIE A KATARINCIC MD TRUSTEE 1.00
Director
$0 $0 $0
EDWARD DIAO MD AFSH PRESIDENT 5.00
Officer Director
$0 $0 $0
JEFFREY A GREENBERG TRUSTEE 1.00
Director
$0 $0 $0
R GLENN GASTON TRUSTEE 1.00
Director
$0 $0 $0
WILLIAM H SEITZ JR CHAIR 10.00
Officer Director
$0 $0 $0
L SCOTT LEVIN MD VICE CHAIR 5.00
Officer Director
$0 $0 $0
STEVEN L MORAN MD TRUSTEE 1.00
Director
$0 $0 $0
RYAN P CALFEE MD TRUSTEE 1.00
Director
$0 $0 $50,000
CHARLES A GOLDFARB TREASURER 1.00
Officer Director
$0 $0 $0
BOBBY CHHABRA TREASURER 1.00
Officer Director
$0 $0 $0
MIHIR J DESAI TRUSTEE 1.00
Director
$0 $0 $0
JENNIFER MORAITIS WOLF TRUSTEE 1.00
Director
$0 $0 $0
TAMARA D ROZENTAL TRUSTEE 1.00
Director
$0 $0 $20,000
BRENT R DEGEORGE TRUSTEE 1.00
Director
$0 $0 $0
WILLIAM CHANDLER CFO/ FOUNDATION DIRECTOR 2.00
Officer
$35,935 $50,139 $296,775
MARK BARATZ VICE PRESIDENT 5.00
Officer
$0 $0 $0
PAMELA SCHROEDER DEP EXEC VP, INTERIM CEO 1.00
Officer
$16,865 $49,232 $408,815
MELISSA GARCIA CEO/EXECUTIVE VP 1.00
Officer
$9,180 $58,258 $339,853
OLIVIA WILLIAMS DIRECTOR OF COMMUNICATIONS 4.60
Highest
$3,909 $44,009 $217,737
NICOLE RENN SENIOR MARKETING & COMMUNICATIONS MANAGER 1.00
Highest
$8,205 $45,836 $152,125
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 $3,389,748 $1,859,648 $36,953,787 $1,530,100
2023 $3,389,748 $1,859,648 $36,953,787 $1,530,100
2022 $7,353,909 $1,713,965 $32,804,790 $5,639,944
2021 $5,155,385 $1,311,248 $37,911,695 $3,844,137
2020 $3,188,844 $832,088 $32,088,039 $2,356,756
2019 $5,019,668 $2,020,357 $27,802,404 $2,999,311
2018 $4,802,619 $1,601,446 $21,866,125 $3,201,173
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