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 BE A PREMIER ACADEMIC SURGICAL SOCIETY THAT STRIVES FOR EXCELLENCE AND LEADERSHIP IN SCIENCE, EDUCATION, AND PATIENT CARE WHILE PROMOTING DIVERSITY, INTEGRITY, AND INNOVATION; AND TO PROVIDE A NATIONAL FORUM FOR PRESENTING THE DEVELOPING STATE OF THE ART AND SCIENCE OF GENERAL AND (SUB)SPECIALTY SURGERY AND THE ELEVATION OF THE STANDARDS OF THE MEDICAL/SURGICAL PROFESSION.

Program Service Accomplishments

Program 1
Expenses: $350,185 Revenue: $274,951

ANNUAL MEETING - YEARLY CONFERENCE WHICH UPDATES MEMBERS OF NEW SURGICAL PROCEDURES AND TREATMENTS.

Program 2
Expenses: $254,000

GRANTS - TO ENCOURAGE THE STUDY OF AND TO MAINTAIN THE HIGHEST POSSIBLE STANDARDS FOR SURGICAL EDUCATION, PRACTICE, AND RESEARCH; AND TO AID IN THE DEVELOPMENT OF FUTURE ACADEMIC SURGICAL LEADERS AND...

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GRANTS - TO ENCOURAGE THE STUDY OF AND TO MAINTAIN THE HIGHEST POSSIBLE STANDARDS FOR SURGICAL EDUCATION, PRACTICE, AND RESEARCH; AND TO AID IN THE DEVELOPMENT OF FUTURE ACADEMIC SURGICAL LEADERS AND OF HEALTH POLICY MANAGERS.

Program 3
Expenses: $38,487

COMMITTEES - MEETINGS DURING THE YEAR BY VARIOUS MEMBERS WHICH ENHANCE THE MEMBERSHIP BY MANAGING ASSOCIATION AND KEEPING THE MEMBERS UPDATED REGARDING MEDICAL RELATED MATTERS.

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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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Liquidity & Cash Position

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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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