AMERICAN SURGICAL ASSOCIATION FOUN… - 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

1975

Legal Domicile

Principal Officer

KEITH D LILLEMOE MD

Phone

9789278330

Tax Period

2023-01-01 to 2023-12-31

AMERICAN SURGICAL ASSOCIATION FOUNDATION, founded in 1975, is a small nonprofit in the Medical Research sector that reported $532K in total revenue in fiscal year 2023. Expenses of $701K exceeded revenue, resulting in a 32% operating deficit.

Mission

THE FOUNDATION AIMS TO PROVIDE SURGICAL FELLOWSHIPS TO PROMISING YOUNG SURGEON SCIENTISTS TO AID IN THE DEVELOPMENT OF STATE OF THE ART SCIENCE OF GENERAL AND SUB-SPECIALTY SURGERY.

Program Service Accomplishments

Program 1

Expenses: $595,581

FELLOWSHIP AWARDS GRANTS - TO SUPPORT AND ENCOURAGE GIFTED YOUNG SURGEONS WHO CHOOSE CAREERS IN INVESTIGATION AND ACADEMIC SURGERY.

Program 2

Expenses: $50,485

FLANCE KARL AWARD - PRESENTED TO A MEMBER-SURGEON IN THE UNITED STATES OF AMERICA OR IN CANADA WHO HAS MADE A SEMINAL CONTRIBUTION IN BASIC LABORATORY RESEARCH WHICH HAS APPLICATION TO CLINICAL...

FLANCE KARL AWARD - PRESENTED TO A MEMBER-SURGEON IN THE UNITED STATES OF AMERICA OR IN CANADA WHO HAS MADE A SEMINAL CONTRIBUTION IN BASIC LABORATORY RESEARCH WHICH HAS APPLICATION TO CLINICAL SURGERY.

Program 3

Expenses: $620

COMMITTEES - MEETINGS DURING THE YEAR BY VARIOUS MEMBERS TO MANAGE THE ACTIVITIES OF THE FOUNDATION.

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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 (2023)

Revenue Breakdown

Contributions & Grants $356,983

Program Service Revenue $0

Investment Income $174,968

Other Revenue $0

TOTAL REVENUE $531,951

Expense Breakdown

Grants Paid $646,066

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $646,686

Other Expenses $54,558

TOTAL EXPENSES $700,624

Year-over-Year Comparison

	2023	2022	Change
Revenue	$531,951	$517,640	+0.0%
Expenses	$700,624	$554,815	+0.3%
Net Income	$-168,673	$-37,175	+3.5%

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

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
KEITH D LILLEMOE MD	CHAIR/VICE C	2.00	Officer Director	$0	$0	$0
RONALD V MAIER MD	VICE CHAIR/T	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
E CHRISTOPHER ELLISON MD	TRUSTEE	2.00	Director	$0	$0	$0
DIANA L FARMER MD	TRUSTEE/EX O	2.00	Director	$0	$0	$0
SELWYN M VICKERS MD	TRUSTEE/EX-O	2.00	Director	$0	$0	$0
EILEEN M BULGER MD	TRUSTEE AT L	2.00	Director	$0	$0	$0
ANDREW M CAMERON MD PHD	TRUSTEE-AT-L	2.00	Director	$0	$0	$0
SANDRA L WONG MD	TRUSTEE-AT-L	2.00	Director	$0	$0	$0
STEVEN C STAIN MD	EX-OFFICO	2.00	Director	$0	$0	$0
ROBIN S MCLEOD MD	TRUSTEE (4/2	2.00	Director	$0	$0	$0
ERNEST E MOORE MD	(T-A-L) (4/2	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	$531,951	$700,624	$5,236,770	$-168,673
2022	$517,640	$554,815	$4,697,212	$-37,175
2021	$657,542	$549,938	$5,755,076	$107,604
2020	$465,517	$501,383	$5,103,473	$-35,866
2019	$1,046,971	$548,073	$4,760,852	$498,898
2018	$549,011	$551,944	$4,051,055	$-2,933

AMERICAN SURGICAL ASSOCIATION FOUNDATION