AMERICAN SURGICAL ASSOCIATION

EIN: 953126287

BEVERLY, MA

Total Revenue
$1,276,017
Total Expenses
$877,807
Total Assets
$5,973,491
Net Assets
$5,960,866
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1880
Legal Domicile
CA
Principal Officer
STEVEN STAIN MD
Phone
9789278330
Tax Period
2023-01-01 to 2023-12-31

AMERICAN SURGICAL ASSOCIATION, founded in 1880, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2023. The organization ran a surplus of $398K, a strong 31% operating margin.

Mission

TO CONDUCT A BUSINESS LEAGUE IN THE FIELD OF SURGERY; TO ENGAGE IN RESEARCH AND THE ADVANCEMENT OF KNOWLEDGE IN THE FIELD OF SURGERY FOR THE IMPROVEMENT OF THE CAPABILITIES OF PERSONS PARTICIPATING IN THE PROFESSION AND TO PROVIDE MEANS OF FURTHERING PROFESSIONAL, TRAINING, DEVELOPMENT OF TECHNICAL BACKGROUND AND PROMOTING EDUCATION OF INDIVIDUALS IN TRAINING OR OTHERWISE EMPLOYED IN THE PROFESSION. THIS MISSION IS ACCOMPLISHED PRIMARILY BY CONDUCTING AN ANNUAL SCIENTIFIC MEETING CONSISTING OF SELECTED PRESENTATIONS CONTAINING THE MOST CURRENT INFORMATION AVAILABLE ON CLINICAL AND RESEARCH TOPICS RELATED TO SURGERY OR SURGICAL SPECIALTIES, INCLUDING STUDIES ON OUTCOMES, PRACTICE OF SURGERY AND ETHICAL AND OTHER ISSUES THAT AFFECT ITS PRACTICE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $100,000
Program Service Revenue $534,041
Investment Income $151,011
Other Revenue $490,965
TOTAL REVENUE $1,276,017

Expense Breakdown

Grants Paid $254,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $642,770
Other Expenses $623,807
TOTAL EXPENSES $877,807

Year-over-Year Comparison

2023 2022 Change
Revenue $1,276,017 $1,192,551 +0.1%
Expenses $877,807 $916,595 0.0%
Net Income $398,210 $275,956 +0.4%
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
9
Independent Members
9
Employees
N/A
Volunteers
95

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
8
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEVEN STAIN MD PRES/ PRES-E 2.00
Officer Director
$0 $0 $0
RONALD J WEIGEL MD PRESIDENT-EL 2.00
Officer Director
$0 $0 $0
MICHAEL J ZINNER MD FACS VICE PRESIDE 2.00
Officer Director
$0 $0 $0
MARY T HAWN MD SECRETARY 2.00
Officer Director
$0 $0 $0
KELLY M MCMASTERS MD PHD TREASURER 2.00
Officer Director
$0 $0 $0
KELLY K HUNT MD RECORDER 2.00
Officer Director
$0 $0 $0
E CHRISTOPHER ELLISON MD COUNCILOR 2.00
Director
$0 $0 $0
DIANA L FARMER MD COUNCILOR/PR 2.00
Officer Director
$0 $0 $0
SELWYN M VICKERS MD COUNCILOR 2.00
Director
$0 $0 $0
DAVID B HOYT MD VICE PRESIDE 2.00
Officer Director
$0 $0 $0
ROBIN S MCLEOD MD COUNCILOR(4/ 2.00
Director
$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 No data No data No data No data
2023 $1,276,017 $877,807 $5,973,491 $398,210
2022 $1,192,551 $916,595 $5,096,335 $275,956
2021 $1,161,298 $633,598 $5,643,396 $527,700
2020 $927,336 $577,595 $4,935,998 $349,741
2019 $1,377,577 $852,982 $4,364,720 $524,595
2018 $1,193,562 $933,248 $3,710,554 $260,314
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