ASSOCIATION OF AMERICAN MEDICAL COLLEGES

EIN: 362169124 501(c)(3) Education

WASHINGTON, DC

Total Revenue
$353,956,949
Total Expenses
$283,713,486
Total Assets
$696,870,211
Net Assets
$460,179,679
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1955
Legal Domicile
IL
Principal Officer
DAVID SKORTON MD
Phone
2028280400
Tax Period
2024-07-01 to 2025-06-30

ASSOCIATION OF AMERICAN MEDICAL COLLEGES, founded in 1955, is a major nonprofit in the Education sector that reported $354.0M in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. The organization ran a surplus of $70.2M, a strong 20% operating margin.

Mission

AAMC LEADS & SERVES THE ACADEMIC MEDICINE COMMUNITY TO IMPROVE THE HEALTH OF PEOPLE EVERYWHERE.

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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 $1,993,547
Program Service Revenue $273,037,184
Investment Income $75,942,840
Other Revenue $2,983,378
TOTAL REVENUE $353,956,949

Expense Breakdown

Grants Paid $1,098,713
Salaries & Benefits $146,749,228
Fundraising Expenses $2,830,041
Program Expenses $247,800,272
Other Expenses $135,865,545
TOTAL EXPENSES $283,713,486

Year-over-Year Comparison

2024 2023 Change
Revenue $353,956,949 $303,745,429 +0.2%
Expenses $283,713,486 $285,777,012 0.0%
Net Income $70,243,463 $17,968,417 +2.9%
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
19
Independent Members
18
Employees
921
Volunteers
N/A

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
2
$3,442,867
Total Directors
23
$2,849,059
Key Employees
13
$9,483,415
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID SKORTON MD PRESIDENT & CEO 50.00
Officer Director
$2,545,045 $304,014 $2,849,059
NITA AHUJA MDMBA BOARD MEMBER 3.00
Director
$0 $0 $0
ROBERT A BARISH MD MBA BOARD MEMBER 3.00
Director
$0 $0 $0
ALLISON BRASHEAR MD MBA BOARD MEMBER (SINCE 11/12/2024) 3.00
Director
$0 $0 $0
CATHERINE L COE MD BOARD MEMBER 3.00
Director
$0 $0 $0
ARTHUR R DERSE MD JD BOARD MEMBER 3.00
Director
$0 $0 $0
HENRI R FORD MD MHA BOARD MEMBER (UNTIL 11/12/2024) 3.00
Director
$0 $0 $0
JULIE A FREISCHLAG MD BOARD CHAIR 3.00
Director
$0 $0 $0
MARTHA MEG E GAINES JD LLM BOARD MEMBER 3.00
Director
$0 $0 $0
MICHAEL GOOD MD BOARD MEMBER (SINCE 11/12/2024) 3.00
Director
$0 $0 $0
DANNY O JACOBS MD MPH FACS BOARD MEMBER (UNTIL 11/12/2024) 3.00
Director
$0 $0 $0
CARA V JAMES PHD BOARD MEMBER 3.00
Director
$0 $0 $0
EDWARD JIMENEZ MBA BOARD MEMBER (SINCE 11/12/2024) 3.00
Director
$0 $0 $0
LEE JONES MD IMMEDIATE PAST CHAIR 3.00
Director
$0 $0 $0
CHARLES P MOUTON MDMSMBA BOARD MEMBER 3.00
Director
$0 $0 $0
DENNIS MURPHY MHA BOARD MEMBER (SINCE 11/12/2024) 3.00
Director
$0 $0 $0
ADITYA NARAYAN BOARD MEMBER 4.00
Director
$0 $0 $0
JOAN Y REEDE MD MS MPH MBA BOARD MEMBER 3.00
Director
$0 $0 $0
JOHNOTHAN SMILEYE JR MD BOARD MEMBER (SINCE 11/12/2024) 3.00
Director
$0 $0 $0
ADAM C THOMPSON-HARVEY MD BOARD MEMBER (UNTIL 11/12/2024) 3.00
Director
$0 $0 $0
MARC M TRIOLA MD BOARD MEMBER 3.00
Director
$0 $0 $0
MICHAEL WALDRUM MDMSCMBA BOARD CHAIR - ELECT 3.00
Director
$0 $0 $0
LOUANN WOODWARD MD BOARD MEMBER (UNTIL 11/12/2024) 3.00
Director
$0 $0 $0
AMIR MESARWI MBA CHIEF FINANCIAL & ADMIN OFFICER 50.00
Officer
$531,337 $62,471 $593,808
ATUL GROVER MD PHD EXEC DIR, RESEARCH & ACTION INST 50.00
Key Emp
$849,922 $59,196 $909,118
ALISON WHELAN MD CHIEF MEDICAL EDUCATION OFFICER 50.00
Key Emp
$891,373 $64,096 $955,469
JONATHAN JAFFERY CHIEF HEALTH CARE AFFAIRS OFFICER 50.00
Key Emp
$836,407 $110,897 $947,304
GABRIELLE CAMPBELL MBA LLM CHIEF SERVICES OFFICER 50.00
Key Emp
$782,243 $57,409 $839,652
DIANA BOURKE CHIEF STRAT OPS & DATA OFFICER 50.00
Key Emp
$694,662 $65,048 $759,710
DAVID ACOSTA MD CHIEF DIV. & INCLUSION OFFICER 50.00
Key Emp
$658,029 $62,963 $720,992
FRANK TRINITY JD CHIEF LEGAL OFFICER 50.00
Key Emp
$624,098 $77,891 $701,989
DANIELLE TURNIPSEED CHIEF PUBLIC POLICY OFFICER 50.00
Key Emp
$618,188 $70,059 $688,247
JENNIFER SCHLENER CHIEF OF STAFF 50.00
Key Emp
$570,808 $65,939 $636,747
PIERRE JOANIS CHIEF HUMAN RESOURCES OFFICER 50.00
Key Emp
$480,261 $71,032 $551,293
STEVE LOPEZ PHD MBA CHIEF INFORMATION OFFICER 50.00
Key Emp
$552,192 $73,938 $626,130
CONSTANCE FILLINGS EDD CHIEF LEARNING OFFICER 50.00
Key Emp
$543,904 $59,913 $603,817
SUSAN CATO CHIEF COMM & MARKETING OFFICER 50.00
Key Emp
$478,613 $64,334 $542,947
STEVEN KANTER MD ADVISOR TO THE PRESIDENT 50.00
Highest
$443,775 $47,984 $491,759
KEITH HORVATH SR DIR ADV CLINIC LDRSHP & QUAL 50.00
Highest
$385,411 $45,535 $430,946
HEATHER PIERCE SR DIR SCI POLICY & REG COUNSEL 50.00
Highest
$462,729 $56,467 $519,196
BILL MALLON SR DIR STRAT & INNOV DVLPMNT 50.00
Highest
$386,275 $61,838 $448,113
VERONICA CATANESE SR DIR ACCRED SVS & LCME SEC 50.00
Highest
$403,123 $53,155 $456,278
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 $353,956,949 $283,713,486 $696,870,211 $70,243,463
2024 $303,745,429 $285,777,012 $668,600,140 $17,968,417
2023 $281,470,206 $271,031,295 $638,343,130 $10,438,911
2022 $265,885,546 $245,767,510 $610,887,289 $20,118,036
2021 $251,933,453 $220,649,070 $631,593,241 $31,284,383
2020 $218,245,674 $233,080,062 $532,265,815 $-14,834,388
2019 $228,820,956 $220,475,823 $526,770,336 $8,345,133
2018 $216,130,364 $201,734,734 $508,099,263 $14,395,630
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