MASSACHUSETTS ACADEMY OF DERMATOLO… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1974

Legal Domicile

Principal Officer

AVERY LACHANCE MD MPH

Phone

9785775408

Tax Period

2025-01-01 to 2025-12-31

MASSACHUSETTS ACADEMY OF DERMATOLOGY, founded in 1974, is a small nonprofit that reported $230K in total revenue in fiscal year 2025. Revenue fell 40% from the prior year — a significant decline worth monitoring. Expenses of $385K exceeded revenue, resulting in a 68% operating deficit.

Mission

TO PROVIDE A FORUM FOR THE INTERCHANGE OF INFORMATION AND IDEAS BETWEEN MEMBERS OF THE MEDICAL PROFESSION SPECIALIZING IN DERMATOLOGY, TO PROMOTE THE EDUCATION OF DERMATOLOGISTS IN THE DIAGNOSIS, CARE AND CURE OF SKIN DISEASES, AND TO PROTECT THE RIGHTS OF PATIENTS FOR QUALITY DERMATOLOGIC CARE IN THE COMMONWEALTH OF MASSACHUSETTS.

Program Service Accomplishments

Program 1

Expenses: $379,759 Revenue: $207,920

PROVIDED EDUCATIONAL SEMINARS AND CONFERENCES TO MORE THAN 200 PRACTICING DERMATOLOGISTS IN MASSACUSETTS. PROVIDED HIGH-QUALITY CONTINUING EDUCATION PROGRAMS FOCUSED ON BOTH CLINICAL TOPICS AND...

PROVIDED EDUCATIONAL SEMINARS AND CONFERENCES TO MORE THAN 200 PRACTICING DERMATOLOGISTS IN MASSACUSETTS. PROVIDED HIGH-QUALITY CONTINUING EDUCATION PROGRAMS FOCUSED ON BOTH CLINICAL TOPICS AND PRACTICE MANAGEMENT ISSUES. THE 2025 ANNUAL MEETING CONSISTED OF A LINEUP OF DISTINGUISHED GUEST SPEAKERS, INCLUDING NATIONAL LEADERS IN THE FIELD OF DERMATOLOGY. THE SPEAKERS PRESENTED AN ARRAY OF TOPICS OF INTEREST TO OUR MEMBERSHIP. AS A RESULT OF PARTICIPATING IN THIS MEETING, ATTENDEES LEARNED HOW TO ADJUST TO THE CHANGING HEALTH CARE ENVIRONMENT, HOW TO RECOGNIZE CHALLENGES SUCH AS NARROWING NETWORKS, AND ASSESS WAYS OF DEALING WITH REDUCED ACCESS TO PHYSICIANS AND MEDICATIONS. ATTENDEES INCREASED THEIR KNOWLEDGE OF NEW TREATMENTS AND PROCEDURES ASSOCIATED WITH THE PRACTICE OF COSMETIC DERMATOLOGY WITH AN EMPHASIS ON DERMATOLOGIC ISSUES AND CITE PRACTICES THAT IMPROVE THE QUALITY, EASE, AND EFFICIENCY OF COMMON PROCEDURES USED IN GENERAL DERMATOLOGICAL PRACTICE.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $21,550

Program Service Revenue $207,920

Investment Income $161

Other Revenue $0

TOTAL REVENUE $229,631

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $379,759

Other Expenses $384,658

TOTAL EXPENSES $384,658

Year-over-Year Comparison

	2025	2024	Change
Revenue	$229,631	$385,678	-0.4%
Expenses	$384,658	$451,192	-0.1%
Net Income	$-155,027	$-65,514	+1.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✗ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✓ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JENNIFER TOYOHARA MD FAAD	PRESIDENT	1.00	Officer Director	$0	$0	$0
GARY MENDESE MD FAAD FACMS	VICE-PRESIDENT	1.00	Officer Director	$0	$0	$0
AVERY LACHANCE MD MPH	TREASURER/SECRETARY	1.00	Officer Director	$0	$0	$0
IRA L SKOLNIK MD PHD	PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
MARIKO YASUDA MD	DIRECTOR	1.00	Director	$0	$0	$0
EILEEN DEIGNAN MD	DIRECTOR	1.00	Director	$0	$0	$0
EVAN PIETTE MD	DIRECTOR	1.00	Director	$0	$0	$0
DAVID JONES MD PHD	DIRECTOR	1.00	Director	$0	$0	$0
SUZANNE SHROBA MD	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTY WILLIAMS MD FAAD	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL KRATHEN MD	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH TKACHENKO MD	DIRECTOR	1.00	Director	$0	$0	$0
JORDAN CUMMINS MD PHD	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL GOLDABER MD	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN LESTER MD	DIRECTOR	1.00	Director	$0	$0	$0
MARK AMSTER MD MBA	DIRECTOR	1.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$229,631	$384,658	$190,563	$-155,027
2024	No data	No data	No data	No data
2023	$412,875	$385,415	$421,779	$27,460
2022	$360,432	$375,377	$393,597	$-14,945
2021	$220,725	$203,114	$408,542	$17,611
2020	$71,159	$109,390	$390,931	$-38,231
2019	$265,095	$220,586	$429,162	$44,509
2018	$227,228	$198,600	$384,653	$28,628

MASSACHUSETTS ACADEMY OF DERMATOLOGY