Foundation of the American College of Healthcare Executives

EIN: 360724325 501(c)(3) Education

Chicago, IL

Total Revenue
$13,874,077
Total Expenses
$16,021,325
Total Assets
$86,120,659
Net Assets
$82,711,602
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1944
Legal Domicile
IL
Principal Officer
Deborah J Bowen
Phone
3124242800
Tax Period
2023-01-01 to 2023-12-31

Foundation of the American College of Healthcare Executives, founded in 1944, is a mid-sized nonprofit in the Education sector that reported $13.9M in total revenue in fiscal year 2023. Expenses of $16.0M exceeded revenue, resulting in a 15% operating deficit.

Mission

Conduct research activities and provide continuing education opportunities through seminars, workshops, conferences, and publications.

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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 $389,452
Program Service Revenue $11,463,261
Investment Income $-529,734
Other Revenue $2,551,098
TOTAL REVENUE $13,874,077

Expense Breakdown

Grants Paid $99,500
Salaries & Benefits $4,081,869
Fundraising Expenses $220,336
Program Expenses $11,952,387
Other Expenses $11,839,956
TOTAL EXPENSES $16,021,325

Year-over-Year Comparison

2023 2022 Change
Revenue $13,874,077 $14,364,409 0.0%
Expenses $16,021,325 $14,723,193 +0.1%
Net Income $-2,147,248 $-358,784 +5.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
15
Independent Members
15
Employees
N/A
Volunteers
246

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
$1,559,022
Total Directors
19
$3,389
Key Employees
2
$532,701
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Anthony A Armada FACHE Immediate Past Chairman/Chairman 1.00
Officer Director
$0 $0 $1,281
Dodie McElmurray FACHE Governor 1.00
Director
$0 $0 $790
Michael K Givens FACHE Governor 1.00
Director
$0 $0 $684
Noel J Cardenas FACHE Governor 1.00
Director
$0 $0 $634
Delvecchio S Finley FACHE Chairman/Chairman Elect 1.00
Officer Director
$0 $0 $0
William P Santulli FACHE Chairman Elect/Governor 1.00
Officer Director
$0 $0 $0
Carolyn P Caldwell FACHE Governor 1.00
Director
$0 $0 $0
Joanne Carrocino FACHE Governor 1.00
Director
$0 $0 $0
Karen F Clements FACHE Governor 1.00
Director
$0 $0 $0
Thomas B Lanni Jr FACHE Governor 1.00
Director
$0 $0 $0
Karin Larson-Pollock FACHE Governor 1.00
Director
$0 $0 $0
Michele R Martz FACHE Governor 1.00
Director
$0 $0 $0
Carrie Owen Plietz FACHE Governor/Immediate Past Chairman 1.00
Director
$0 $0 $0
Frances C Roesch FACHE Governor 1.00
Director
$0 $0 $0
Michele K Sutton FACHE Governor 1.00
Director
$0 $0 $0
Solomon A Torres FACHE Governor 1.00
Director
$0 $0 $0
Michael G Ugwueke FACHE Governor 1.00
Director
$0 $0 $0
Col Brett H Venable FACHE Governor 1.00
Director
$0 $0 $0
Nizar K Wehbi MD FACHE Governor 1.00
Director
$0 $0 $0
Deborah J Bowen President and CEO 20.00
Officer
$0 $237,226 $1,155,908
Joseph W Cruitt CPA CGMA Senior VP, Chief Admin/Fin Officer 20.00
Officer
$0 $58,172 $401,833
David N Bartholomew Senior VP, Learning 40.00
Key Emp
$0 $40,746 $328,354
Michael E Cunningham VP, Publications and Director, HAP 40.00
Key Emp
$0 $38,374 $204,347
Leslie A Athey VP, Strategy and Research 40.00
Highest
$0 $18,331 $187,719
Molly J Lowe Director, Content Strategy 40.00
Highest
$0 $39,721 $173,985
Martijn M Van Oort Director, Business Development 40.00
Highest
$0 $24,760 $160,714
Gregg A Lapin Director, Event Experience 40.00
Highest
$0 $17,378 $157,921
Summer A O'Neill Director, Professional Development 40.00
Highest
$0 $34,080 $154,768
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 No data No data No data No data
2023 $13,874,077 $16,021,325 $86,120,659 $-2,147,248
2022 $14,364,409 $14,723,193 $77,126,017 $-358,784
2021 $29,930,754 $11,238,741 $93,480,001 $18,692,013
2020 $12,377,638 $10,611,225 $83,801,139 $1,766,413
2019 $16,750,303 $14,451,192 $77,582,447 $2,299,111
2018 $17,956,703 $14,336,396 $66,510,997 $3,620,307
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