College of American Pathologists

EIN: 362118323

NORTHFIELD, IL

Total Revenue
$299,521,204
Total Expenses
$298,542,457
Total Assets
$400,517,732
Net Assets
$132,134,260
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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
1947
Legal Domicile
IL
Phone
8478327000
Tax Period
2024-01-01 to 2024-12-31

College of American Pathologists, founded in 1947, is a major nonprofit that reported $224.9M in total revenue in fiscal year 2018.

Mission

CAP, THE LEADING ORG OF BOARD-CERTIFIED PATHOLOGISTS, SERVES PATIENTS, PATHOLOGISTS & THE PUBLIC BY FOSTERING & ADVOCATING EXELLENCE IN THE PRACTICE OF PATHOLOGY & LAB 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 (2024)

Revenue Breakdown

Contributions & Grants $2,375,919
Program Service Revenue $287,125,243
Investment Income $9,849,627
Other Revenue $170,415
TOTAL REVENUE $299,521,204

Expense Breakdown

Grants Paid $551,800
Salaries & Benefits $124,953,175
Fundraising Expenses $0
Program Expenses $0
Other Expenses $173,037,482
TOTAL EXPENSES $298,542,457

Year-over-Year Comparison

2024 2023 Change
Revenue $299,521,204 $282,877,980 +0.1%
Expenses $298,542,457 $283,411,184 +0.1%
Net Income $978,747 $-533,204 -2.8%
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

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Governance

Voting Members
19
Independent Members
17
Employees
829
Volunteers
10900

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
7
$2,571,290
Total Directors
22
$312,027
Key Employees
8
$3,497,523
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Alfred Wray Campbell MD MBA FCAP Secretary-Treasurer 16.0
Officer Director
$4,618 $0 $4,618
Donald S Karcher MD FCAP President 30.0
Officer Director
$146,879 $0 $146,879
Qihui Jim Zhai MD FCAP President-Elect 20.0
Officer Director
$112,481 $0 $112,481
Ashley Gochoco DO Chair, Resident Forum (start 10/19/24) 12.0
Director
$2,686 $0 $2,686
Assad Joe Saad MD FCAP Governor 12.0
Director
$3,879 $0 $3,879
Bharati Suketu Jhaveri MD FCAP President, CAP Foundation (start 10/19/24) 12.0
Director
$0 $0 $0
Bobbi S Pritt MD FCAP Governor 12.0
Director
$923 $0 $923
Bradley S Karon PhD MD FCAP Governor 12.0
Director
$0 $0 $0
C Leilani Valdes MD FCAP Governor (term 10/19/24) 12.0
Director
$1,150 $0 $1,150
Diana Marcella Cardona MD MBA FCAP Governor 12.0
Director
$2,190 $0 $2,190
Earle S Collum MD FACP Governor 12.0
Director
$1,636 $0 $1,636
Guillermo G Martinez-Torrez MD FCAP Governor 12.0
Director
$5,701 $0 $5,701
Joel T Moncur PhD MD MS FCAP GOVERNOR (start 10/19/24) 12.0
Director
$1,627 $0 $1,627
Kalisha Ashara Hill MD MBA FCAP GOVERNOR 12.0
Director
$3,579 $0 $3,579
Marilyn M Bui PhD MD FCAP Vice Speaker 8.0
Director
$2,379 $0 $2,379
Matthew R Foster MD MMM FCAP Governor (start 10/19/24) 12.0
Director
$0 $0 $0
ME DOC DE BACA MD FCAP Governor 12.0
Director
$7,147 $0 $7,147
Rebecca L Johnson MD FCAP Governor 12.0
Director
$4,674 $0 $4,674
Richard M Scanlan MD FCAP Governor (Term 10/19) 12.0
Director
$4,017 $0 $4,017
Ritu Nayar MD MBBS FCAP Governor 12.0
Director
$3,395 $0 $3,395
Sang Wu MD FCAP Speaker, HOD 8.0
Director
$1,108 $0 $1,108
Swati Bhardwaj MD MBBS Chair, Residents Forum Executive Committee (term 10/19/24) 8.0
Director
$1,958 $0 $1,958
Akshay Patel SVP & Chief Operating Officer 40.0
Officer
$384,420 $46,013 $430,433
Michael Fraser CEO (Start 03/24) 40.0
Officer
$562,548 $23,769 $586,317
Name redacted for privacy VP, Finance (TERM 07/2024) 40.0
Officer
$673,668 $12,213 $685,881
Stephen Myers CEO (Term 04/24) 40.0
Officer
$573,241 $31,440 $604,681
Ann Neumann VP, CAP Learning (TERM 08/2024) 40.0
Key Emp
$315,844 $25,253 $341,097
Geoffrey Jaroch VP, Membership & Professional Development (TERM 09/2024) 40.0
Key Emp
$433,374 $25,793 $459,167
Jennifer Dahmm VP, Operations/Shared Services & Purchasing 40.0
Key Emp
$362,298 $45,988 $408,286
Kristin McDonald VP, Advocacy & Policy 40.0
Key Emp
$329,987 $34,185 $364,172
Kristina Schwartz VP, Education and Publications 40.0
Key Emp
$257,827 $43,875 $301,702
Mary de Sousa SVP, Sales & Marketing (Term 09/24) 40.0
Key Emp
$733,559 $26,387 $759,946
William Groskopf SVP, Laboratory Quality Solutions 40.0
Key Emp
$417,765 $49,231 $466,996
Winifred Williams PhD Chief of Staff 40.0
Key Emp
$359,746 $36,411 $396,157
Mary Katherine Krause VP, Communications (TERM 09/2024) 40.0
Highest
$470,802 $22,998 $493,800
Michael Giuliani Sr Dir, Legislation & Pol Act 40.0
Highest
$332,087 $42,503 $374,590
Pamela Yazdani Sr Dir, Economic & Reg Affairs 40.0
Highest
$374,706 $40,794 $415,500
Robert McGonnagle SR. DIR PUBLISHER CAP TODAY 40.0
Highest
$325,252 $43,506 $368,758
Timothy Bragg VP, Enterprise Strategy & Global Marketing(TERM 09/2024) 40.0
Highest
$441,074 $24,300 $465,374
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 $299,521,204 $298,542,457 $400,517,732 $978,747
2023 $282,877,980 $283,411,184 $377,694,505 $-533,204
2022 $267,500,979 $262,626,603 $357,465,696 $4,874,376
2021 $258,610,900 $237,432,908 $361,908,272 $21,177,992
2020 $239,429,535 $220,197,970 $316,931,770 $19,231,565
2019 $235,905,746 $228,951,187 $278,309,783 $6,954,559
2018 $224,887,913 $222,788,669 $240,799,734 $2,099,244
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