AMERICAN ACADEMY OF OSTEOPATHY

EIN: 060719100 501(c)(3) Diseases & Disorders

INDIANAPOLIS, IN

Total Revenue
$1,656,134
Total Expenses
$1,727,063
Total Assets
$4,583,319
Net Assets
$3,107,357
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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
1950
Legal Domicile
IN
Principal Officer
SHERRI L QUARLES
Phone
3178791881
Tax Period
2023-08-01 to 2024-07-31

AMERICAN ACADEMY OF OSTEOPATHY, founded in 1950, is a community nonprofit in the Diseases & Disorders sector that reported $1.7M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

TO TEACH, ADVOCATE, AND RESEARCH THE SCIENCE, ART AND PHILOSOPHY OF OSTEOPATHIC MEDICINE

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $26,443
Program Service Revenue $1,525,930
Investment Income $90,412
Other Revenue $13,349
TOTAL REVENUE $1,656,134

Expense Breakdown

Grants Paid $1,500
Salaries & Benefits $422,092
Fundraising Expenses $64,028
Program Expenses $1,340,328
Other Expenses $1,303,471
TOTAL EXPENSES $1,727,063

Year-over-Year Comparison

2023 2022 Change
Revenue $1,656,134 $1,488,643 +0.1%
Expenses $1,727,063 $1,515,789 +0.1%
Net Income $-70,929 $-27,146 +1.6%
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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Governance

Voting Members
11
Independent Members
11
Employees
6
Volunteers
10

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
5
$136,866
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WILLIAM STAGER DO MS MPH FAAFP F PRESIDENT 1.00
Officer Director
$0 $0 $0
STEFAN HAGOPIAN DO FAAO PRESIDENT-ELECT 1.00
Officer Director
$0 $0 $0
DENNIS J DOWLING DO MS FAAODIST SECRETARY-TREASURER 1.00
Officer Director
$0 $0 $0
MILLICENT KING CHANNGELL DO MA FAA IMMEDIATE PAST PRESIDENT 1.00
Officer Director
$0 $0 $0
AYAT SHAH MD RESIDENT TRUSTEE 1.00
Director
$0 $0 $0
AUDREY LEE BURNETT OMS-IV STUDENT TRUSTEE 1.00
Director
$0 $0 $0
KAREN T SNIDER DO MS FAAO FNAOME TRUSTEE 1.00
Director
$0 $0 $0
SHELDON C YOA DO TRUSTEE 1.00
Director
$0 $0 $0
DEBORAH SCHMIDT DO TRUSTEE 1.00
Director
$0 $0 $0
LISA R CHUN DO MS FNAOME TRUSTEE 1.00
Director
$0 $0 $0
BRIAN F DEGENHARDT DO TRUSTEE 1.00
Director
$0 $0 $0
SHERRI L QUARLES CEO 40.00
Officer
$108,704 $28,162 $136,866
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
2024 $1,656,134 $1,727,063 $4,583,319 $-70,929
2023 $1,488,643 $1,515,789 $4,527,358 $-27,146
2022 $1,380,065 $1,386,655 $3,237,833 $-6,590
2021 $1,072,948 $730,857 $3,477,379 $342,091
2020 $1,414,213 $1,376,044 $2,978,879 $38,169
2019 $1,399,615 $1,524,019 $2,771,933 $-124,404
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