Midwestern Association of Plastic Surgeons
Nonprofit profile at a glance
- EIN
- 510152234
- IRS 990 coverage
- 2024–2024
- Forms available
- Form 990 2024, Form 990-EZ 2023, Form 990-N 2020
- Location
- Kimberly, WI, USA
- Phone
- 9205605610
- Rating
- 77
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $257,618
- Expenses
- $186,540
- Assets
- $284,540
- Liabilities
- $47,716
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
10 people listed
Executive titles in this filing
- ERIC OSTERMANN (EXECUTIVE DIRECTOR)
- RENEE BURKE MD (PRESIDENT)
- DAVID CHANG MD (IMMEDIATE PAST PRESIDENT)
- CLARKE SCHIERLE MD PHD FACS (PRESIDENT ELECT)
- JOHN LOGUIDICE MD (VICE PRESIDENT)
People named in this filing
- ERIC OSTERMANN (EXECUTIVE DIRECTOR)
- RENEE BURKE MD (PRESIDENT)
- DAVID CHANG MD (IMMEDIATE PAST PRESIDENT)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To promote research and support education in the field of plastic surgery. This mission is accomplished through our annual meeting which provides a vehicle for scientific interchange and networking attended by plastic surgeons, nurses, researchers and guests who are involved in plastic surgery. The midwestern association of plastic surgeons (maps) is also a vehicle to recognize achievements in research and education and to promote collaboration between plastic surgeons throughout the midwest.
What it reported doing in 2024
Promotion of research and education in the field of plastic surgery and the greater professional medical community.
Operating model
- Revenue model
- Earned-program. 91% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% 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 - The filed numbers largely add up and a large share of available resources goes toward mission work. Some filing-based governance responses are negative or unanswered and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 66
- Transparency & Controls: 90
- Accountability: 88
- Sustainability: 64
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 65%; rating input score 65
- Program expense ratio: 90%; rating input score 90
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 5 of 7 controls in place; rating input score 71
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 27.6%; rating input score 80; 80th percentile among comparable filings
- Total-asset coverage ratio: 1.53; rating input score 52; 52nd percentile among comparable filings
- Liabilities to assets ratio: 0.17; rating input score 21; 21st percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 20% per year; rating input score 100; 88th percentile among comparable filings
- Asset growth: 20.5% per year; rating input score 100; 85th percentile among comparable filings
Details
- Where the money goes: 65% of revenue deployed · 90% of spending went to programs
- Governance: 9 of 9 board members independent · 5 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $168K in reported program spending
- Leadership: top reported pay $0 · 10 people listed
- Consistency: 19 of 19 current checks pass
- Schedules: 1 filed schedules
- Contacts: How to reach this organization
- 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.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- Review — Sustainability: Total-asset coverage ratio scored 52/100.
- High — Sustainability: Liabilities to assets ratio scored 21/100.