Civic Intelligence

American Association for Accreditation of Ambulatory Surgery Facilities

EIN 36-3180580 • 501(c)6 • Highland Park, IL

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Profile

American association for accreditation of ambulatory surgery facilities, inc. Develops and implements standards of excellence to ensure the highest quality of patient care through an accreditation program that serves both the medical community and the public interest by establishing a means for measuring medical competence and providing an external source for evaluating patient safety in the ambulatory surgery setting.

Refreshing map…

600 Central Ave 265Highland Park, IL 60035

www.quada.org

Siviq Scores

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

Liabilities / Assets

75th percentile

0.47x

Higher debt load relative to assets than 75% of similar nonprofits.

501(c)6 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

75th percentile

0.66x

Higher debt load relative to revenue than 75% of similar nonprofits.

501(c)6 • $10M-$25M nonprofits • Source year 2024

Net Margin

43rd percentile

2.6%

Higher net margin than 43% of similar nonprofits.

501(c)6 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

48th percentile

$370,435

Higher top officer pay than 48% of similar nonprofits.

Top officer pay equals 3.3% of source-year revenue.

501(c)6 • $10M-$25M nonprofits • Source year 2024

Asset Growth

26th percentile

-0.4%

Faster asset growth than 26% of similar nonprofits.

501(c)6 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

65th percentile

11%

Faster revenue growth than 65% of similar nonprofits.

501(c)6 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets75th percentile

Assets

Up

$15,993,580

Up $473,679 (+3.1%) from 2022

Liabilities

Down

$7,527,650

Down $865,860 (-10%) from 2022

Net Assets

Up

$8,465,930

Up $1,339,539 (+19%) from 2022

Operations
Liabilities / Revenue75th percentileNet Margin43rd percentile

Revenue

Up

$11,380,510

Up $1,645,096 (+17%) from 2022

Expenses

Up

$11,085,913

Up $2,420,430 (+28%) from 2022

Net Income

Down

$294,597

Down $775,334 (-72%) from 2022

Trend Graphs

Balance Sheet Trend

Asset Growth26th percentile

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

$20M$15M$10M$5.0M$0Assets 2010: $2,037,973Liabilities 2010: $146,755Net Assets 2010: $1,891,2182010Assets 2012: $2,302,031Liabilities 2012: $256,783Net Assets 2012: $2,045,2482012Assets 2014: $4,209,326Liabilities 2014: $299,915Net Assets 2014: $3,909,4112014Assets 2015: $5,416,311Liabilities 2015: $337,486Net Assets 2015: $5,078,8252015Assets 2016: $7,353,371Liabilities 2016: $2,315,879Net Assets 2016: $5,037,4922016Assets 2017: $11,689,170Liabilities 2017: $3,835,406Net Assets 2017: $7,853,7642017Assets 2018: $16,815,052Liabilities 2018: $7,614,649Net Assets 2018: $9,200,4032018Assets 2019: $11,195,259Liabilities 2019: $7,241,839Net Assets 2019: $3,953,4202019Assets 2020: $13,122,945Liabilities 2020: $8,448,922Net Assets 2020: $4,674,0232020Assets 2022: $15,519,901Liabilities 2022: $8,393,510Net Assets 2022: $7,126,3912022Assets 2024: $15,993,580Liabilities 2024: $7,527,650Net Assets 2024: $8,465,9302024

Highlighted filing

2024

Assets$15,993,580
Liabilities$7,527,650
Net Assets$8,465,930
Open 2024 Filing

Operations Trend

Revenue Growth65th percentile

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

$20M$10M$0-$10MExpenses 2010: $2,909,3802010Expenses 2012: $4,282,5182012Revenue 2014: $6,191,765Expenses 2014: $4,707,655Net Income 2014: $1,484,1102014Revenue 2015: $6,907,798Expenses 2015: $5,608,007Net Income 2015: $1,299,7912015Revenue 2016: $6,717,260Expenses 2016: $4,972,102Net Income 2016: $1,745,1582016Revenue 2017: $7,716,018Expenses 2017: $5,409,701Net Income 2017: $2,306,3172017Revenue 2018: $8,408,675Expenses 2018: $6,276,848Net Income 2018: $2,131,8272018Revenue 2019: $8,327,751Expenses 2019: $14,345,310Net Income 2019: -$6,017,5592019Revenue 2020: $6,192,163Expenses 2020: $5,850,850Net Income 2020: $341,3132020Revenue 2022: $9,735,414Expenses 2022: $8,665,483Net Income 2022: $1,069,9312022Revenue 2024: $11,380,510Expenses 2024: $11,085,913Net Income 2024: $294,5972024

Highlighted filing

2024

Revenue$11,380,510
Expenses$11,085,913
Net Income$294,597
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Summary only. Only limited summary data is available for this year.

Open filing
Assets
$15,993,580
Liabilities
$7,527,650
Net assets
$8,465,930
Revenue
$11,380,510
Expenses
$11,085,913
Net income
$294,597
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Summary only. Only limited summary data is available for this year.$16.0$7.53$8.47$11.4$11.1$0.29
2022Summary only. Only limited summary data is available for this year.$15.5$8.39$7.13$9.74$8.67$1.07
2020Summary only. Only limited summary data is available for this year.$13.1$8.45$4.67$6.19$5.85$0.34
2019Summary only. Only limited summary data is available for this year.$11.2$7.24$3.95$8.33$14.3$6.02
2018Summary only. Only limited summary data is available for this year.$16.8$7.61$9.20$8.41$6.28$2.13
2017Summary only. Only limited summary data is available for this year.$11.7$3.84$7.85$7.72$5.41$2.31
2016Summary only. Only limited summary data is available for this year.$7.35$2.32$5.04$6.72$4.97$1.75
2015Summary only. Only limited summary data is available for this year.$5.42$0.34$5.08$6.91$5.61$1.30
2014Summary only. Only limited summary data is available for this year.$4.21$0.30$3.91$6.19$4.71$1.48
2012Summary only. Only limited summary data is available for this year.$2.30$0.26$2.05$4.28
2010Summary only. Only limited summary data is available for this year.$2.04$0.15$1.89$2.91
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 17, 2025
Return Version
2024v5.2
Gross Receipts
$11,786,445
Mission and Program Overview

Mission

American association for accreditation of ambulatory surgery facilities, inc. Develops and implements standards of excellence to ensure the highest quality of patient care through an accreditation program that serves both the medical community and the public interest by establishing a means for measuring medical competence and providing an external source for evaluating patient safety in the ambulatory surgery setting.

Implement standards of exellence to ensure quality of patient care through an accreditation program.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$11,591,925$12,198,515▲ $606,590
Intangible Assets$2,207,186$1,904,412▼ $302,774
Savings and Temporary Cash Investments$524,827$280,446▼ $244,381
Land, Buildings, and Equipment, Net$160,330$143,726▼ $16,604
Cash and Non-Interest-Bearing Accounts$45,829$96,634▲ $50,805
Prepaid Expenses and Deferred Charges$76,714$82,149▲ $5,435
Accounts Receivable$40,464$46,793▲ $6,329
Total Assets$16,053,921$15,993,580▼ $60,341
Other Assets Total$1,406,646$1,240,905▼ $165,741
Liabilities
Deferred Revenue$4,052,787$3,945,540▼ $107,247
Mortgage Notes Payable Secured by Investment Property$1,897,619$1,546,015▼ $351,604
Other Liabilities$1,424,236$1,303,899▼ $120,337
Accounts Payable and Accrued Expenses$658,645$732,196▲ $73,551
Total Liabilities$8,033,287$7,527,650▼ $505,637
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$8,020,634$8,465,930▲ $445,296
Total Net Assets Fund Balance$8,020,634$8,465,930▲ $445,296
Total Liabilities and Net Assets / Fund Balance$16,053,921$15,993,580▼ $60,341

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$19,678$302,577$322,255
Other Land Buildings$72,138$169,682$241,820
Leasehold Improvements$51,910$13,088$64,998
Other Assets Org$44,887--
Compensation and Service Providers
Top Officer Pay48th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Thomas S TerranovaChief Executive Officer (cFT$299,923$70,512$370,435
Jeanne HenryChief Operating OfficerFT$134,044$26,662$160,706
Monda ShaverChief Regulatory AffairsFT$137,327$6,787$144,114
Michon MayfieldDirector of Business DevelFT$119,943$21,984$141,927
Beverly RobbinsDirector of Survey EducatiFT$118,353$15,803$134,156
Adriana LomeliDirector of AccountingFT$105,062$15,964$121,026
William B Rosenblatt MdPresidentPT$112,250-$112,250
Nicole ZemanSurvey AnalystFT$100,509-$100,509
Lawrence S Reed MdTreasurerPT$98,750-$98,750
Elsie Crawford Rn Bsn MhaBoard Member-$51,000-$51,000
Monte Goldstein MdVice President of Quality-$42,000-$42,000
Richard Hillyer Dpt MbaBoard Member-$32,750-$32,750
Bonnie G Denholm Dnp Rn CnorBoard Member-$18,000-$18,000
Darrell B Ranum Jd CphrmBoard Member-$18,000-$18,000
Foad Nahai MdPast President-$18,000-$18,000
Gil Weitzman MdBoard Member-$15,500-$15,500
Janice Izlar Crna DnapVice President of Standard-$14,000-$14,000
Lorne Rosenfield MdBoard Member-$14,000-$14,000
Alberto Arguello MdSecretary-$8,000-$8,000

Highest Paid Contractors

ContractorServicesLocationCompensation
Quad A Development KosovoSoftware And Database Building116 EAST CONGRESS STREET, Lafayette, LA 70501, Kv$730,956
Brand RussoMarketing - RebrandingPO BOX 68, Indianapolis, IN 46206$357,123
IcemillerLegal Services2043 WOODLAND PARKWAY SUITE 300, St Louis, MO 63146$323,790
Code Consultants INCLife And Safety1440 RENAISSANCE DRIVE SUITE 420, Park Ridge, IL 60068$251,000
XlnetSoftware And It Services-$129,745
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$10,710,299
Investment Income
$663,487
Other Revenue
$6,724
Change in Net Assets
$294,597

Audited Revenue Reconciliation

Revenue per Audited Statements
$11,304,144
Revenue Not Reported on Financial Statements
$76,366
Revenue Not Reported on Form 990
$143,758
Total Revenue per Audited Statements
$11,447,902
Total Revenue per Form 990
$11,380,510
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$6,480,678
Salaries, Compensation, and Employee Benefits$4,605,235
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$3,033,363
Fees for Services Other---$2,298,744
Travel---$1,149,384
Current Officers, Directors, Trustees, and Key Employees---$749,141
Depreciation Depletion---$636,526
Other Employee Benefits---$417,376
Fees for Services Legal---$395,147
Advertising---$261,550
Payroll Taxes---$244,831
Office Expenses---$234,775
Information Technology---$194,843
Occupancy---$194,073
Pension Plan Contributions---$160,524
Conferences and Meetings---$144,307
Insurance---$112,776
Interest---$110,275
Fees for Service Investment Mgmnt Fees---$76,366
Fees for Services Accounting---$45,390
Other Expenses---$33,969
All Other Expenses---$30,968
Total Functional Expenses$0$0$0$11,085,913

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$11,085,913
Expenses per Audited Statements$11,009,547
Total Expenses per Audited Statements$11,009,547
Expenses Not Reported on Financial Statements$76,366
Expenses Not Reported on Form 990$0
International Activity

International Summary

Offices
2
Employees
17
Spending
$764,330

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 & Greenland) -kosovo, BelgiumProgram ServicesExhibit and Booth Rental00$706,754
Middle East and North Africa - Algeria, Bahrain, Djibouti, Egypt,Program ServicesFacility Inspections, Marketing, Booth and Exhibit00$28,198
North America - Canada and Mexico, But Not the United StatesProgram ServicesFacility Inspections10$19,434
South America - Argentina, Bolivia, Brazil, Chile, Columbia, Ecuador,Program ServicesFacility Inspections and Booth and Exhibits00$5,641
Central America and the Caribbean - Costa RicaProgram ServicesSoftware Development117$4,303
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
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Liability$1,257,374
Finance Lease Liability$46,525
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“The board president, treasurer and ceo are presented with a copy of the 990 prior to filing. The 990 is not filed until any issues brought forth are resolved. A copy of the full 990 is presented to the board prior to filing.”

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

“Each quad a board member, committee member, and other holding leadership positions shall disclose all actual or potential conflicts of interest which he or she may identify during the course of his or her service to quad a. Each director, officer, committee member, and other holding key leadership positions will be required to sign and submit to the secretary of quad a annual disclosure statements.”

Form 990, Part VI, Section B, Line 15

“Compensation is determined by the board of directors. The board reviews data provided through comparability studies conducted by the association forum of chicagoland, approves all employee, ceo, and other officer compensation on an annual basis, and documents such approvals in minutes of these meetings.”

Form 990, Part VI, Section C, Line 19

“The organization has no formal policy making its governing documents, conflict of interest policy, and financial statements available to the public. Any requests for these documents will be handled on a case by case basis.”

Filing and Contact Details

Filer

Filer Name
American Association for Accreditation
EIN
36-3180580
Phone
8477751970
Address
600 CENTRAL AVE 265, HIGHLAND PARK, IL 60035
Doing Business As
Quad a

Signing Officer

Name
Lawrence S Reed
Title
Treasurer
Phone
8477751970
Signed
2025-11-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William Rosenblatt
Formed
1980
Legal Domicile
Il
Voting Board Members
12
Independent Board Members
1
Employees
45
Volunteers
0

Preparer

Firm
Warady & Davis Llp
Address
1717 DEERFIELD RD SUITE 300S, DEERFIELD, IL 60015
Preparer
Christopher Straub
Phone
8472679600
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Inspector fees 2,158,450. Consulting fees 95,858. Other professional fees 27,248. Inspector training 17,188.”

FORM 990, PART XI, LINE 9:

“Single member llc net asset adjustment 7,426. Accumulated foreign currency adjustment -485.”

Form 990, Part XII, Line 2C

“The process has not changed from the prior year.”

Financial Statement Notes

PART X, LINE 2:

“The organization has adopted the guidance in the fasb asc topic on income taxes related to uncertainty in income taxes which prescribes a comprehensive model for recognizing, measuring, presenting and disclosing in the financial statements uncertain tax positions that the association has taken or expects to take in its tax returns. Under the guidance, the association may recognize the tax benefit from an uncertain tax position only if it is "more likely than not" that it is sustainable, based on its technical merits. The tax benefits recognized in the financial statements from such a position should be measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement with a taxing authority having full knowledge of all relevant information. The organization believes that it has appropriate support for the positions taken on its returns.”

Raw XML AppendixShowing 400 of 652 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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