Civic Intelligence

American Society for Reconstructive Microsurgery Inc

990 • Fiscal year 2020 • EIN 35-1620863

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 12, 2021

20 North Michigan Ave Ste 700Chicago, IL 60602

(312) 456-9579

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

30th percentile

0.02x

Higher debt load relative to assets than 30% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

32nd percentile

0.04x

Higher debt load relative to revenue than 32% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

59th percentile

10%

Higher net margin than 59% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

25th percentile

-1.8%

Faster asset growth than 25% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

33rd percentile

-10.0%

Faster revenue growth than 33% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Down

$2,036,452

Down $36,382 (-1.8%) from 2019

Net Assets

Up

$2,000,766

Up $263,152 (+15%) from 2019

Liabilities

Down

$35,686

Down $299,534 (-89%) from 2019

Revenue

Down

$825,028

Down $91,170 (-10.0%) from 2019

Expenses

Down

$741,679

Down $14,788 (-2.0%) from 2019

Net Income

Down

$83,349

Down $76,382 (-48%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0Assets 2011: $908,552Liabilities 2011: $342,338Net Assets 2011: $566,2142011Assets 2012: $870,249Liabilities 2012: $223,311Net Assets 2012: $646,9382012Assets 2013: $977,071Liabilities 2013: $213,430Net Assets 2013: $763,6412013Assets 2014: $1,123,953Liabilities 2014: $297,604Net Assets 2014: $826,3492014Assets 2015: $1,011,382Liabilities 2015: $26,065Net Assets 2015: $985,3172015Assets 2016: $1,580,860Liabilities 2016: $496,406Net Assets 2016: $1,084,4542016Assets 2017: $1,733,888Liabilities 2017: $466,113Net Assets 2017: $1,267,7752017Assets 2018: $1,408,430Liabilities 2018: $25,169Net Assets 2018: $1,383,2612018Assets 2019: $2,072,834Liabilities 2019: $335,220Net Assets 2019: $1,737,6142019Assets 2020: $2,036,452Liabilities 2020: $35,686Net Assets 2020: $2,000,7662020Assets 2021: $2,385,470Liabilities 2021: $353,506Net Assets 2021: $2,031,9642021Assets 2022: $1,860,883Liabilities 2022: $172,721Net Assets 2022: $1,688,1622022Assets 2023: $2,205,345Liabilities 2023: $317,763Net Assets 2023: $1,887,5822023

Highlighted filing

2020

Assets$2,036,452
Liabilities$35,686
Net Assets$2,000,766

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KExpenses 2011: $477,2822011Expenses 2012: $550,5572012Revenue 2013: $621,111Expenses 2013: $524,737Net Income 2013: $96,3742013Revenue 2014: $665,324Expenses 2014: $607,420Net Income 2014: $57,9042014Revenue 2015: $746,939Expenses 2015: $566,185Net Income 2015: $180,7542015Revenue 2016: $670,422Expenses 2016: $597,930Net Income 2016: $72,4922016Revenue 2017: $775,919Expenses 2017: $704,942Net Income 2017: $70,9772017Revenue 2018: $824,685Expenses 2018: $691,249Net Income 2018: $133,4362018Revenue 2019: $916,198Expenses 2019: $756,467Net Income 2019: $159,7312019Revenue 2020: $825,028Expenses 2020: $741,679Net Income 2020: $83,3492020Revenue 2021: $190,049Expenses 2021: $286,755Net Income 2021: -$96,7062021Revenue 2022: $740,995Expenses 2022: $860,858Net Income 2022: -$119,8632022Revenue 2023: $1,038,207Expenses 2023: $1,040,853Net Income 2023: -$2,6462023

Highlighted filing

2020

Revenue$825,028
Expenses$741,679
Net Income$83,349
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 12, 2021
Return Version
2020v4.0
Gross Receipts
$825,028
Mission and Program Overview

Mission

To educate members about reconstructive microsurgical methods and principles.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,442,964$1,585,442▲ $142,478
Savings and Temporary Cash Investments$397,023$378,821▼ $18,202
Prepaid Expenses and Deferred Charges$232,847$72,189▼ $160,658
Total Assets$2,072,834$2,036,452▼ $36,382
Liabilities
Deferred Revenue$324,343$31,606▼ $292,737
Accounts Payable and Accrued Expenses$10,877$4,080▼ $6,797
Total Liabilities$335,220$35,686▼ $299,534
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,513,705$1,761,649▲ $247,944
Net Assets With Donor Restrictions$223,909$239,117▲ $15,208
Total Net Assets Fund Balance$1,737,614$2,000,766▲ $263,152
Total Liabilities and Net Assets / Fund Balance$2,072,834$2,036,452▼ $36,382
Compensation and Service Providers

Board Members and Trustees

NameTitle
Guenter Germann MdPresident
Gregory Buncke MdPresident El
Joan Lipa MdHistorian
Lawrence J Gottlieb MdImmed Past P
Edward Chang MdJr Members-a
Melissa Poh MdJr Members-a
Babak Mehrara MdSecretary
Aldona Spiegel MdSr Members-a
Evan Matros MdSr Members-a
James P Higgins MdTreasurer
Michael Klebuc MdVice-preside
Revenue and Support

Revenue Composition

Contributions and Grants
$112,250
Program Service Revenue
$711,032
Investment Income
$457
Other Revenue
$1,289
All Other Contributions
$48,920
Change in Net Assets
$83,349
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$741,679
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$466,525$22,977-$489,502
Fees for Services Management-$121,030-$121,030
Travel$16,154$9,086-$25,240
Office Expenses$15,714$7,015-$22,729
Fees for Service Investment Mgmnt Fees$12,109--$12,109
Other Expenses$8,420$537-$8,957
All Other Expenses$1,954$1,525-$3,479
Insurance$2,051$600-$2,651
Fees for Services Legal-$2,482-$2,482
Total Functional Expenses$558,962$182,717$0$741,679
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
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
Yes
Other officer compensation reviewed
Yes
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, Page 6, Part VI, Line 3

The organization delegated the management duties to medical association management (mam), a division of the illinois state medical society (isms). Mam provides administrative, board governance, membership, publication and communications, website, financial, microsurgery fellowship match, and annual meeting services to the organization.

Form 990, Page 6, Part VI, Line 6

The organization has six classes of membership: founding, active, associate, honorary, emeritus and candidate. Active and candidate members are allowed to vote, hold an elected office position and serve on committees. Emeritus members are allowed to vote and serve on committees, but are not allowed to hold elected office positions. Associate members are allowed to serve on committees, but are not allowed to vote or hold elected office positions. All other classes of members are not eligible to vote, hold an elected office position or serve on committees.

Form 990, Page 6, Part VI, Line 7A

The applications of active or associate members are reviewed by the membership committee and candidates are then submitted to the executive council. The committee report, after approval by the executive council, is submitted to the membership for a three-quarter affirmative vote to elect. Honorary members are nominated by the executive council and elected by a three-quarter affirmative vote of the voting members present at the annual business meeting. Candidate members are nominated by an active member and endorsed by two active members.

Form 990, Page 6, Part VI, Line 7B

The active members approve revisions to the bylaws with a three-fourths affirmative vote by active members present at the annual business meeting.

Form 990, Page 6, Part VI, Line 11B

A copy of the form 990 is made available to all members of the board of directors before it is filed. The president and treasurer review form 990 before filing.

Form 990, Page 6, Part VI, Line 12C

The organization has a written conflict of interest policy that requires officers to annually disclose interests that could give rise to conflicts. If an actual or potential material conflict of interest occurs, it is imperative the individual involved resigns from their position. The president and executive director regularly monitor and enforce compliance with this policy.

Form 990, Page 6, Part VI, Line 15A

The executive director works for a management company hired by the organization; therefore the executive director's compensation is determined by the management company. However, the organization's board of directors annually approve the contract with the management company.

Form 990, Page 6, Part VI, Line 15B

This question is answered no because it does not apply. There are no other compensated officers or key employees.

Form 990, Page 6, Part VI, Line 19

The organization does make its bylaws available to the public on its website, but it does not make its conflict of interest policy or financial statements available to the public.

Filing and Contact Details

Filer

Filer Name
American Society for Reconstructive
EIN
35-1620863
Phone
3124569579
Address
20 NORTH MICHIGAN AVE STE 700, CHICAGO, IL 60602

Signing Officer

Name
Guenter Germann Md
Title
President
Phone
3124569579
Signed
2021-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Guenter Germann Md
Formed
1987
Legal Domicile
In
Voting Board Members
11
Independent Board Members
11
Employees
0
Volunteers
100

Preparer

Firm
Estes Bridgewater & Ogden
Address
901 S SECOND ST, SPRINGFIELD, IL 62704
Preparer
Terri L Phelps
Phone
2175288473
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IRS990/ProgSrvcAccomActy2Grp/Desc0MICROSURGERY FELLOWSHIP MATCH SERVICE PROVIDES ASSISTANCE TO THE MATCHING OF MICROSURGERY FELLOWSHIP PROGRAMS AND NEW STUDENTS READY TO ENTER A FELLOWSHIP.
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IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt05000
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER INCOME 0
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART III, LINE 12
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION DELEGATED THE MANAGEMENT DUTIES TO MEDICAL ASSOCIATION MANAGEMENT (MAM), A DIVISION OF THE ILLINOIS STATE MEDICAL SOCIETY (ISMS). MAM PROVIDES ADMINISTRATIVE, BOARD GOVERNANCE, MEMBERSHIP, PUBLICATION AND COMMUNICATIONS, WEBSITE, FINANCIAL, MICROSURGERY FELLOWSHIP MATCH, AND ANNUAL MEETING SERVICES TO THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION HAS SIX CLASSES OF MEMBERSHIP: FOUNDING, ACTIVE, ASSOCIATE, HONORARY, EMERITUS AND CANDIDATE. ACTIVE AND CANDIDATE MEMBERS ARE ALLOWED TO VOTE, HOLD AN ELECTED OFFICE POSITION AND SERVE ON COMMITTEES. EMERITUS MEMBERS ARE ALLOWED TO VOTE AND SERVE ON COMMITTEES, BUT ARE NOT ALLOWED TO HOLD ELECTED OFFICE POSITIONS. ASSOCIATE MEMBERS ARE ALLOWED TO SERVE ON COMMITTEES, BUT ARE NOT ALLOWED TO VOTE OR HOLD ELECTED OFFICE POSITIONS. ALL OTHER CLASSES OF MEMBERS ARE NOT ELIGIBLE TO VOTE, HOLD AN ELECTED OFFICE POSITION OR SERVE ON COMMITTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE APPLICATIONS OF ACTIVE OR ASSOCIATE MEMBERS ARE REVIEWED BY THE MEMBERSHIP COMMITTEE AND CANDIDATES ARE THEN SUBMITTED TO THE EXECUTIVE COUNCIL. THE COMMITTEE REPORT, AFTER APPROVAL BY THE EXECUTIVE COUNCIL, IS SUBMITTED TO THE MEMBERSHIP FOR A THREE-QUARTER AFFIRMATIVE VOTE TO ELECT. HONORARY MEMBERS ARE NOMINATED BY THE EXECUTIVE COUNCIL AND ELECTED BY A THREE-QUARTER AFFIRMATIVE VOTE OF THE VOTING MEMBERS PRESENT AT THE ANNUAL BUSINESS MEETING. CANDIDATE MEMBERS ARE NOMINATED BY AN ACTIVE MEMBER AND ENDORSED BY TWO ACTIVE MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ACTIVE MEMBERS APPROVE REVISIONS TO THE BYLAWS WITH A THREE-FOURTHS AFFIRMATIVE VOTE BY ACTIVE MEMBERS PRESENT AT THE ANNUAL BUSINESS MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4A COPY OF THE FORM 990 IS MADE AVAILABLE TO ALL MEMBERS OF THE BOARD OF DIRECTORS BEFORE IT IS FILED. THE PRESIDENT AND TREASURER REVIEW FORM 990 BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION HAS A WRITTEN CONFLICT OF INTEREST POLICY THAT REQUIRES OFFICERS TO ANNUALLY DISCLOSE INTERESTS THAT COULD GIVE RISE TO CONFLICTS. IF AN ACTUAL OR POTENTIAL MATERIAL CONFLICT OF INTEREST OCCURS, IT IS IMPERATIVE THE INDIVIDUAL INVOLVED RESIGNS FROM THEIR POSITION. THE PRESIDENT AND EXECUTIVE DIRECTOR REGULARLY MONITOR AND ENFORCE COMPLIANCE WITH THIS POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE EXECUTIVE DIRECTOR WORKS FOR A MANAGEMENT COMPANY HIRED BY THE ORGANIZATION; THEREFORE THE EXECUTIVE DIRECTOR'S COMPENSATION IS DETERMINED BY THE MANAGEMENT COMPANY. HOWEVER, THE ORGANIZATION'S BOARD OF DIRECTORS ANNUALLY APPROVE THE CONTRACT WITH THE MANAGEMENT COMPANY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THIS QUESTION IS ANSWERED NO BECAUSE IT DOES NOT APPLY. THERE ARE NO OTHER COMPENSATED OFFICERS OR KEY EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8THE ORGANIZATION DOES MAKE ITS BYLAWS AVAILABLE TO THE PUBLIC ON ITS WEBSITE, BUT IT DOES NOT MAKE ITS CONFLICT OF INTEREST POLICY OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PAGE 6, PART VI, LINE 19
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