Civic Intelligence

Arthroscopy Association of North America Education Foundation

EIN 26-2136165 • 501(c)3 • Rosemont, IL

Profile

To promote and support research and education to help facilitate advances in the medical field of arthroscopy

9400 W Higgins Road Suite 200Rosemont, IL 60018

n/a

Siviq Scores

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

Liabilities / Assets

40th percentile

0.10x

Higher debt load relative to assets than 40% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

85th percentile

1.42x

Higher debt load relative to revenue than 85% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

84th percentile

37%

Higher net margin than 84% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

91st percentile

$510,236

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 38.2% of source-year revenue.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Asset Growth

69th percentile

11%

Faster asset growth than 69% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

22nd percentile

-7.3%

Faster revenue growth than 22% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets40th percentile

Assets

Up

$18,558,876

Up $1,815,179 (+11%) from 2023

Liabilities

Down

$1,898,802

Down $571,164 (-23%) from 2023

Net Assets

Up

$16,660,074

Up $2,386,343 (+17%) from 2023

Operations
Liabilities / Revenue85th percentileNet Margin84th percentile

Revenue

Down

$1,336,605

Down $104,566 (-7.3%) from 2023

Expenses

Down

$837,467

Down $340,887 (-29%) from 2023

Net Income

Up

$499,138

Up $236,321 (+90%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth69th percentile

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

$20M$15M$10M$5.0M$0Assets 2011: $11,548,687Liabilities 2011: $40,917Net Assets 2011: $11,507,7702011Assets 2012: $12,176,812Liabilities 2012: $21,207Net Assets 2012: $12,155,6052012Assets 2013: $11,266,160Liabilities 2013: $563,656Net Assets 2013: $10,702,5042013Assets 2014: $9,826,083Liabilities 2014: $1,679,211Net Assets 2014: $8,146,8722014Assets 2015: $8,940,423Liabilities 2015: $422,086Net Assets 2015: $8,518,3372015Assets 2016: $10,808,358Liabilities 2016: $1,667,219Net Assets 2016: $9,141,1392016Assets 2017: $10,234,768Liabilities 2017: $609,502Net Assets 2017: $9,625,2662017Assets 2018: $11,697,129Liabilities 2018: $243,961Net Assets 2018: $11,453,1682018Assets 2019: $12,671,716Liabilities 2019: $102,326Net Assets 2019: $12,569,3902019Assets 2020: $14,847,265Liabilities 2020: $1,672,985Net Assets 2020: $13,174,2802020Assets 2021: $16,543,377Liabilities 2021: $1,857,490Net Assets 2021: $14,685,8872021Assets 2022: $14,603,107Liabilities 2022: $2,390,648Net Assets 2022: $12,212,4592022Assets 2023: $16,743,697Liabilities 2023: $2,469,966Net Assets 2023: $14,273,7312023Assets 2024: $18,558,876Liabilities 2024: $1,898,802Net Assets 2024: $16,660,0742024

Highlighted filing

2024

Assets$18,558,876
Liabilities$1,898,802
Net Assets$16,660,074
Open 2024 Filing

Operations Trend

Revenue Growth22nd percentile

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

$6.0M$4.0M$2.0M$0-$2.0M-$4.0MExpenses 2011: $856,2352011Expenses 2012: $1,077,3502012Revenue 2013: $1,467,800Expenses 2013: $3,975,395Net Income 2013: -$2,507,5952013Revenue 2014: $983,352Expenses 2014: $3,626,089Net Income 2014: -$2,642,7372014Revenue 2015: $2,103,325Expenses 2015: $1,415,174Net Income 2015: $688,1512015Revenue 2016: $1,678,392Expenses 2016: $1,315,103Net Income 2016: $363,2892016Revenue 2017: $1,548,156Expenses 2017: $1,577,466Net Income 2017: -$29,3102017Revenue 2018: $4,662,425Expenses 2018: $1,464,351Net Income 2018: $3,198,0742018Revenue 2019: $1,615,204Expenses 2019: $1,610,569Net Income 2019: $4,6352019Revenue 2020: $1,358,242Expenses 2020: $2,130,615Net Income 2020: -$772,3732020Revenue 2021: $879,762Expenses 2021: $918,898Net Income 2021: -$39,1362021Revenue 2022: $1,735,098Expenses 2022: $1,561,459Net Income 2022: $173,6392022Revenue 2023: $1,441,171Expenses 2023: $1,178,354Net Income 2023: $262,8172023Revenue 2024: $1,336,605Expenses 2024: $837,467Net Income 2024: $499,1382024

Highlighted filing

2024

Revenue$1,336,605
Expenses$837,467
Net Income$499,138
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$18,558,876
Liabilities
$1,898,802
Net assets
$16,660,074
Revenue
$1,336,605
Expenses
$837,467
Net income
$499,138
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$18.6$1.90$16.7$1.34$0.84$0.50
2023Detailed filing. Detailed filing data is available for this year.$16.7$2.47$14.3$1.44$1.18$0.26
2022Detailed filing. Detailed filing data is available for this year.$14.6$2.39$12.2$1.74$1.56$0.17
2021Detailed filing. Detailed filing data is available for this year.$16.5$1.86$14.7$0.88$0.92$0.04
2020Detailed filing. Detailed filing data is available for this year.$14.8$1.67$13.2$1.36$2.13$0.77
2019Detailed filing. Detailed filing data is available for this year.$12.7$0.10$12.6$1.62$1.61$0.00
2018Detailed filing. Detailed filing data is available for this year.$11.7$0.24$11.5$4.66$1.46$3.20
2017Detailed filing. Detailed filing data is available for this year.$10.2$0.61$9.63$1.55$1.58$0.03
2016Detailed filing. Detailed filing data is available for this year.$10.8$1.67$9.14$1.68$1.32$0.36
2015Detailed filing. Detailed filing data is available for this year.$8.94$0.42$8.52$2.10$1.42$0.69
2014Detailed filing. Detailed filing data is available for this year.$9.83$1.68$8.15$0.98$3.63$2.64
2013Detailed filing. Detailed filing data is available for this year.$11.3$0.56$10.7$1.47$3.98$2.51
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.2$0.02$12.2$1.08
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.5$0.04$11.5$0.86
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 28, 2025
Return Version
2024v5.1
Gross Receipts
$4,538,576
Mission and Program Overview

Mission

To promote and support research and education to help facilitate advances in the medical field of arthroscopy

To advance the study and practice of arthroscopy

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$14,214,891$16,367,008▲ $2,152,117
Accounts Receivable$1,282,975$1,242,592▼ $40,383
Savings and Temporary Cash Investments$896,325$564,124▼ $332,201
Pledges and Grants Receivable$166,743$200,373▲ $33,630
Intangible Assets$181,039$184,779▲ $3,740
Prepaid Expenses and Deferred Charges$1,724$0▼ $1,724
Cash and Non-Interest-Bearing Accounts$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0--
Investments Program Related$0--
Land, Buildings, and Equipment, Net$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$16,743,697$18,558,876▲ $1,815,179
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$2,469,966$1,898,802▼ $571,164
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$2,469,966$1,898,802▼ $571,164
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$14,106,988$16,446,201▲ $2,339,213
Net Assets With Donor Restrictions$166,743$213,873▲ $47,130
Total Net Assets Fund Balance$14,273,731$16,660,074▲ $2,386,343
Total Liabilities and Net Assets / Fund Balance$16,743,697$18,558,876▲ $1,815,179
Compensation and Service Providers
Top Officer Pay91st percentile

Board Members and Trustees

NameTitle
John Tokish MdImediate Past President
James Stone MdPast President
Alan Curtis MdPresident
John Kelly Md1st Vice President
Kevin Bonner Md2nd Vice President
Aaron Krych MdDirector
Augustus Mazzocca MdDirector
Don Buford MdDirector
Jeanne Patzkowski MdDirector
Kevin Plancher MdDirector
Laura Alberton MdDirector
MICHAEL O'BRIEN MDDirector
Terri BruceDirector of Development
Laura DownesExecutive Director
Christine NogalChief Opperating and Business Development Officer
Jospeh Tauro MdSecretary
Jason Dragoo MdTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$590,138
Program Service Revenue
$0
Investment Income
$745,636
Other Revenue
$831
All Other Contributions
$590,138
Change in Net Assets
$499,138
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$482,306
Grants and Similar Amounts Paid$344,010
Total Fundraising Expense$113,109
Professional Fundraising Fees$11,151
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$308,886--$308,886
Fees for Services Management$169,685$23,405$99,471$292,561
Fees for Service Investment Mgmnt Fees$80,190$0$0$80,190
Grants to Domestic Individuals$24,148--$24,148
Conferences and Meetings$16,015$0$2,209$18,224
Insurance$12,229$0$0$12,229
Fees for Services Professional Fundraising--$11,151$11,151
Foreign Grants$10,976--$10,976
Fees for Services Other$10,928$0$0$10,928
Travel$8,090$0$0$8,090
Office Expenses$2,590$0$0$2,590
Fees for Services Accounting$0$2,260$0$2,260
Other Expenses$999$203$278$1,480
Fees for Services Legal$1,333$0$0$1,333
Occupancy$630$0$0$630
Total Functional Expenses$685,490$38,868$113,109$837,467
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Arthroscopy Association of North AmericaRosemont, IL501(c)(3)Education$308,886

International Summary

Offices
0
Employees
0
Spending
$10,976

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Europe (Including Iceland and Greenland)GrantmakingN/a00$4,000
South AsiaGrantmakingN/a00$4,000
North America (Canada & Mexico only)GrantmakingN/a00$2,976
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$11,151
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Line 3 Delegation of management duties

“The foundation delegated management duties to various individuals being compensated by its related organization, arthroscopy association of north america, that are not listed officers or directors of the foundation. In turn, foundation pays the related organization an annual management fee. Laura downes was compensated by a related organization.”

Form 990, Part VI, Line 11B Review of form 990 by governing body

“Form 990 is prepared by an outside public accountant and reviewed internally by the cfo.”

Form 990, Part VI, Line 12C Conflict of interest policy

“Each meeting begins with affirmation or editing of written information supplied to the foundation through the aaos website regarding declared conflicts of interest.”

Form 990, Part VI, Line 19 Required documents available to the public

“Governing documents (bylaws), conflict of interest policy, and annual financial statements are available upon request.”

Filing and Contact Details

Filer

Filer Name
Arthroscopy Association of North America Educational Foundation
EIN
26-2136165
Phone
8472922262
Address
9400 W Higgins Road Suite 200, Rosemont, IL 60018

Signing Officer

Name
Laura Downes
Title
Chief Executive Officer
Phone
8472922262
Signed
2025-10-28
Discuss with paid preparer
Yes

Organization Details

Formed
2007
Legal Domicile
Il
Voting Board Members
14
Independent Board Members
14
Employees
0
Volunteers
14

Preparer

Firm
Forvis Mazars LLP
Address
1901 S Meyers Road Suite 500, Oakbrook Terrace, IL 60181-5209
Preparer
Anne White
Phone
6302829500
Raw XML AppendixShowing 400 of 861 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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