American Academy of Orthopaedic Surgeons
Nonprofit profile at a glance
- EIN
- 362110592
- IRS 990 coverage
- 2010–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Rosemont, Illinois, United States
- Phone
- 847.823.7186
- Rating
- 74
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Professional Societies, Associations
Reported finances
- Revenue
- $53,567,386
- Expenses
- $51,165,552
- Assets
- $192,543,686
- Liabilities
- $38,120,884
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
44 people listed
Executive titles in this filing
- PAUL TORNETTA III MD (PRESIDENT)
- ANNUNZIATO AMENDOLA MD (FIRST VICE-PRESIDENT)
- WILFORD K GIBSON MD (SECOND VICE-PRESIDENT)
- KEVIN J BOZIC MD (PAST PRESIDENT)
- THOMAS E AREND JR (CHIEF EXECUTIVE OFFICER)
- LISE PUCKORIUS OLC (OLC CHIEF EXECUTIVE OFFICER)
Highest reported compensation
- THOMAS E AREND JR (CHIEF EXECUTIVE OFFICER): $1,037,016 total reported compensation
- KONSTANTINOS T DAMALAS (CHIEF OPERATING OFFICER): $611,685 total reported compensation
- ANNA SALT TROISE (CHIEF COMMERICAL OFFICER): $522,949 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The American Academy of Orthopaedic Surgeons provides education and practice management services for orthopaedic surgeons and allied health professionals, including clinical practice guidelines, registries, and advocacy.
What it reported doing in 2024
Course education - courses provided to orthopaedic professionals to keep them abreast of the latest advances in orthopaedic surgery and care and to provide cme. 16 courses offered in 2024.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 98% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 68
- Transparency & Controls: 79
- Accountability: 86
- Sustainability: 57
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 62.5%; rating input score 63
- Program expense ratio: 69%; rating input score 69
- Fundraising efficiency: $149.8 raised per $1 spent on fundraising; rating input score 88; 88th percentile among comparable filings
Transparency & Controls
- Consistency checks: 92.9%; rating input score 93; 17th percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 93.4%; rating input score 93; 25th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 76.5%; rating input score 76; 25th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 4.5%; rating input score 54; 54th percentile among comparable filings
- Total-asset coverage ratio: 3.76; rating input score 81; 81st percentile among comparable filings
- Liabilities to assets ratio: 0.2; rating input score 69; 69th percentile among comparable filings
- Officer compensation ratio: 18.1%; rating input score 1; 1st percentile among comparable filings
Growth
- Program expense growth: -0.3% per year; rating input score 0; 7th percentile among comparable filings
- Revenue growth: 2.1% per year; rating input score 100; 15th percentile among comparable filings
- Asset growth: 6.4% per year; rating input score 100; 47th percentile among comparable filings
Details
- What they do: 1 operating location identified
- Where the money goes: 62.5% of revenue deployed · 69% of spending went to programs
- Governance: 13 of 17 board members independent · 9 of 9 filing controls reported
- Programs: 3 filed program accomplishments · $35.3M in reported program spending
- Leadership: top reported pay $1M · 44 people listed · 3 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $1.3M reported
- Consistency: 35 of 36 current checks pass · 1 finding to review
- Schedules: 8 filed schedules · includes major donors, grants, and executive pay
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 48 filed money-flow records
- Related organizations: 21 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Growth: Program expense growth scored 0/100.
- Review — Sustainability: Operating margin scored 54/100.
- High — Sustainability: Officer compensation ratio scored 1/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.