Civic Intelligence

The Western Thoracic Surgical Association

EIN 23-7405487 • 501(c)3 • Beverly, MA

Profile

To associate persons living in western united states and canada for the advancement in quality and practice of thoracic and cardiovascular surgery.

500 Cummings Center Suite 4400Beverly, MA 01915

www.westernthoracic.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

45th percentile

0.01x

Higher debt load relative to assets than 45% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

47th percentile

0.01x

Higher debt load relative to revenue than 47% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

70th percentile

17%

Higher net margin than 70% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

55th percentile

$0

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Asset Growth

75th percentile

19%

Faster asset growth than 75% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

79th percentile

42%

Faster revenue growth than 79% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Up

$906,192

Up $141,688 (+19%) from 2023

Liabilities

Down

$6,953

Down $6,472 (-48%) from 2023

Net Assets

Up

$899,239

Up $148,160 (+20%) from 2023

Revenue

Up

$698,386

Up $206,738 (+42%) from 2023

Expenses

Up

$579,946

Up $27,999 (+5.1%) from 2023

Net Income

Up

$118,440

Up $178,739 (+296%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.0M$500K$0Assets 2014: $740,785Liabilities 2014: $400Net Assets 2014: $740,3852014Assets 2015: $680,648Liabilities 2015: $900Net Assets 2015: $679,7482015Assets 2016: $599,265Liabilities 2016: $900Net Assets 2016: $598,3652016Assets 2017: $630,191Liabilities 2017: $2,725Net Assets 2017: $627,4662017Assets 2018: $680,180Liabilities 2018: $100Net Assets 2018: $680,0802018Assets 2019: $886,046Liabilities 2019: $6,800Net Assets 2019: $879,2462019Assets 2020: $815,866Liabilities 2020: $5,500Net Assets 2020: $810,3662020Assets 2021: $945,768Liabilities 2021: $4,800Net Assets 2021: $940,9682021Assets 2022: $773,211Liabilities 2022: $4,900Net Assets 2022: $768,3112022Assets 2023: $764,504Liabilities 2023: $13,425Net Assets 2023: $751,0792023Assets 2024: $906,192Liabilities 2024: $6,953Net Assets 2024: $899,2392024

Highlighted filing

2024

Assets$906,192
Liabilities$6,953
Net Assets$899,239

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KRevenue 2014: $609,485Expenses 2014: $569,610Net Income 2014: $39,8752014Revenue 2015: $454,407Expenses 2015: $509,971Net Income 2015: -$55,5642015Revenue 2016: $601,620Expenses 2016: $691,462Net Income 2016: -$89,8422016Revenue 2017: $607,078Expenses 2017: $591,541Net Income 2017: $15,5372017Revenue 2018: $635,211Expenses 2018: $565,158Net Income 2018: $70,0532018Revenue 2019: $608,464Expenses 2019: $447,511Net Income 2019: $160,9532019Revenue 2020: $161,082Expenses 2020: $259,416Net Income 2020: -$98,3342020Revenue 2021: $578,792Expenses 2021: $474,752Net Income 2021: $104,0402021Revenue 2022: $633,640Expenses 2022: $723,871Net Income 2022: -$90,2312022Revenue 2023: $491,648Expenses 2023: $551,947Net Income 2023: -$60,2992023Revenue 2024: $698,386Expenses 2024: $579,946Net Income 2024: $118,4402024

Highlighted filing

2024

Revenue$698,386
Expenses$579,946
Net Income$118,440

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.06$0.07$8.99$6.98$5.80$1.18
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.65$0.13$7.51$4.92$5.52$0.60
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.73$0.05$7.68$6.34$7.24$0.90
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.46$0.05$9.41$5.79$4.75$1.04
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.16$0.06$8.10$1.61$2.59$0.98
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.86$0.07$8.79$6.08$4.48$1.61
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.80$0.00$6.80$6.35$5.65$0.70
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.30$0.03$6.27$6.07$5.92$0.16
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.99$0.01$5.98$6.02$6.91$0.90
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.81$0.01$6.80$4.54$5.10$0.56
2014Detailed filing. Detailed filing data is available for this year.$7.41$0.00$7.40$6.09$5.70$0.40
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 27, 2025
Return Version
2024v5.2
Gross Receipts
$827,530
Mission and Program Overview

Mission

To associate persons living in western united states and canada for the advancement in quality and practice of thoracic and cardiovascular surgery.

To promote advancement in the quality and practice of thoracic and cardiovascular surgery.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$442,410$484,477▲ $42,067
Cash and Non-Interest-Bearing Accounts$239,619$291,426▲ $51,807
Savings and Temporary Cash Investments$75,446$75,462▲ $16
Accounts Receivable-$48,659-
Pledges and Grants Receivable$1,500$1,250▼ $250
Total Assets$764,504$906,192▲ $141,688
Other Assets Total$5,529$4,918▼ $611
Liabilities
Accounts Payable and Accrued Expenses$12,300$5,828▼ $6,472
Deferred Revenue$1,125$1,125→ $0
Total Liabilities$13,425$6,953▼ $6,472
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$460,679$588,803▲ $128,124
Net Assets With Donor Restrictions$290,400$310,436▲ $20,036
Total Net Assets Fund Balance$751,079$899,239▲ $148,160
Total Liabilities and Net Assets / Fund Balance$764,504$906,192▲ $141,688

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$333,600$8,125▲ $21,636-$356,361
2023$311,875$1,550▲ $27,175-$333,600
2022$344,272$17,575▼ $42,972-$311,875
2021$307,417$16,675▲ $27,180-$344,272
2020$280,709$12,200▲ $21,508-$307,417
Compensation and Service Providers

Board Members and Trustees

NameTitle
Errol L BushProgram Committee Chair (6/24)
Jessica S Donington MdImm Past President (6/24)
Michael Fischbein MdImm Past President/pres
Craig J Baker MdPresident/vice President
Michael a Smith MdVice President/councilor-at-large
David Tom Cooke MdCouncilor-at-large
Joelle Coletta MdCouncilor-at-large
Nahush a Mokadam MdCouncilor-at-large
Arthur N Thomas MdCouncilor-founder (6/24)
G Alexander Patterson MdEditor
Douglas E Wood MdHistorian
Y Joseph Woo MdSecretary
Michael J Weyant MdTreasurer (6/24)
Ram Kumar Subramanyan MdTreasurer/councilor-at-large

Highest Paid Contractors

ContractorServicesLocationCompensation
PrriManagement500 CUMMINGS CENTER SUITE 4400, Beverly, MA 01915$155,428
Revenue and Support

Revenue Composition

Contributions and Grants
$217,800
Program Service Revenue
$464,896
Investment Income
$15,605
Other Revenue
$85
All Other Contributions
$190,625
Change in Net Assets
$118,440
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$577,946
Grants and Similar Amounts Paid$2,000
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$360,528--$360,528
Fees for Services Management$81,222$60,704-$141,926
Fees for Services Accounting-$8,233-$8,233
Office Expenses-$7,324-$7,324
Information Technology-$6,320-$6,320
Fees for Service Investment Mgmnt Fees-$2,922-$2,922
Grants to Domestic Individuals$2,000--$2,000
Fees for Services Legal-$424-$424
Insurance-$411-$411
Other Expenses$49,340$130-$130
Total Functional Expenses$493,090$86,856$0$579,946
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

The professional relations and research institute (prri) of beverly, massachusetts, maintains the books and records of the association and performs other related managerial and administrative functions for which it is compensated.

Form 990, Part VI, Section A, Line 6

The organization has five classes of members: active, senior, honorary, chapter and candidate. Active and senior members have voting rights.

Form 990, Part VI, Section A, Line 7A

Active and senior members have the right to elect officers and members of the council.

Form 990, Part VI, Section A, Line 7B

Active and senior members have the right to vote on any amendments to the by-laws, dues increases, or special assessments.

Form 990, Part VI, Section B, Line 11B

The 990 is reviewed by the administrative staff of the management company (prri) and is then provided to the treasurer for final review before it is filed.

Form 990, Part VI, Section B, Line 12C

The conflict of interest policy is distributed, discussed and updated at each council meeting in order for the organization to monitor and enforce compliance with the policy by all officers and councils.

Form 990, Part VI, Section C, Line 19

Governing documents, conflict of interest policy and financial statements are available to the public upon request at the administrative offices of the organization's management company (prri).

Filing and Contact Details

Filer

Filer Name
The Western Thoracic Surgical
EIN
23-7405487
Phone
9789278330
Address
500 CUMMINGS CENTER SUITE 4400, BEVERLY, MA 01915

Signing Officer

Name
Ram Kumar Subramanyan Md
Title
Treasurer
Phone
9789278330
Signed
2025-10-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Craig Baker Md
Formed
1974
Legal Domicile
CA
Voting Board Members
11
Independent Board Members
11
Employees
0
Volunteers
63

Preparer

Firm
GRASSI & CO CPA'S PC
Address
6 OMNI WAY SUITE 201, CHELMSFORD, MA 01824
Preparer
Brendan E Toolin
Phone
8006546110
Supplemental Narrative

Additional Explanations

Form 990, Part XII - Additional Information

Method of accounting is the modified cash basis of accounting. The council provides oversight and responsibility for reviewed financial statements.

Financial Statement Notes

PART V, LINE 4:

The temporarily restricted portion of the endowment funds are intended to pay for expenses related to participation in and awards for the samson prize competition, as well as to offset expenses related to educational/scientific offerings at its annual meeting such as future postgraduate symposia that pertain to the care of patients with diseases that are treated by cardiothoracic surgeons.

Raw XML AppendixShowing 400 of 516 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/AllOtherContributionsAmt0190625
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IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
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IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
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IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingOtherInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
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IRS990/MoreThan5000KToOrgInd00
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IRS990/NondeductibleContributionsInd00
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IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
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