American College of Chest Physicians

EIN: 362170783 501(c)(3)

Glenview, IL

Total Revenue
$41,007,190
Total Expenses
$37,796,676
Total Assets
$66,713,537
Net Assets
$38,912,837
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Financial Trends

Organization Details

Formation Year
1935
Legal Domicile
IL
Principal Officer
Robert Musacchio
Phone
2245219800
Tax Period
2024-01-01 to 2024-12-31

American College of Chest Physicians, founded in 1935, is a mid-sized nonprofit that reported $41.0M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $37.8M left a modest 8% surplus.

Mission

TO PROMOTE THE PREVENTION, DIAGNOSIS, AND TREATMENT OF CHEST DISEASES THROUGH EDUCATION, COMMUNICATION, AND RESEARCH.

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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 $11,132,170
Program Service Revenue $22,549,054
Investment Income $433,552
Other Revenue $6,892,414
TOTAL REVENUE $41,007,190

Expense Breakdown

Grants Paid $538,112
Salaries & Benefits $17,254,847
Fundraising Expenses $418,401
Program Expenses $33,024,587
Other Expenses $20,003,717
TOTAL EXPENSES $37,796,676

Year-over-Year Comparison

2024 2023 Change
Revenue $41,007,190 $37,056,814 +0.1%
Expenses $37,796,676 $38,478,210 0.0%
Net Income $3,210,514 $-1,421,396 -3.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
19
Independent Members
14
Employees
129
Volunteers
450

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
6
$1,358,505
Total Directors
19
$374,075
Key Employees
4
$1,495,464
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Robert Musacchio PhD Secretary/Executive VP & CEO 40.0
Officer
$555,033 $27,600 $582,633
Stratton Davies CPA Senior VP & CFO 40.0
Officer
$405,650 $46,097 $451,747
Nicki Augustyn Senior VP 40.0
Key Emp
$371,060 $36,274 $407,334
Jennifer Nemkovich Senior VP 40.0
Key Emp
$384,601 $22,377 $406,978
Debra Janiszewski Senior VP 40.0
Key Emp
$332,662 $23,078 $355,740
John Rather General Counsel 40.0
Highest
$329,846 $13,627 $343,473
Richard Schuch Senior VP 40.0
Key Emp
$287,761 $37,651 $325,412
Jonathan Iaccarino Senior Director 40.0
Highest
$239,509 $11,558 $251,067
Suzanne Sletto Distel Chief of Staff & VP 40.0
Highest
$236,344 $11,767 $248,111
Manuel Alfaro Senior Director 40.0
Highest
$201,987 $36,591 $238,578
Tracy Lucitt Senior Director 40.0
Highest
$188,449 $9,461 $197,910
John A Howington MD FCCP President-Elect 1.0
Officer Director
$114,300 $0 $114,300
Doreen Addrizzo-Harris MD FCCP Immediate Past President 1.0
Officer Director
$87,825 $0 $87,825
Jack D Buckley MD MPH FCCP President 3.0
Officer Director
$87,000 $0 $87,000
Neil S Freedman MD FCCP President-Designate 1.0
Officer Director
$35,000 $0 $35,000
Sandhya Khurana MD FCCP Regent-At-Large 1.0
Director
$21,650 $0 $21,650
Christopher Carroll MD FCCP Regent-At-Large 1.0
Director
$10,000 $0 $10,000
Nneka Sederstrom PhD MA FCCP Regent-At-Large 1.0
Director
$6,000 $0 $6,000
Angel Coz MD FCCP Regent-At-Large 1.0
Director
$5,500 $0 $5,500
Douglas A Arenberg MD FCCP Regent-At-Large 1.0
Director
$4,000 $0 $4,000
Aneesa M Das MD FCCP Regent-At-Large 1.0
Director
$1,400 $0 $1,400
Kevin M Chan MD FCCP Regent-At-Large 1.0
Director
$700 $0 $700
Lisa K Moores MD FCCP Regent-At-Large 1.0
Director
$700 $0 $700
Hassan Benchegroun MD FCCP Regent-At-Large 1.0
Director
$0 $0 $0
Vera A De Palo MD FCCP Regent-At-Large 1.0
Director
$0 $0 $0
Michael E Nelson MD FCCP Regent-At-Large 1.0
Director
$0 $0 $0
Alexander S Niven MD FCCP Regent-At-Large 1.0
Director
$0 $0 $0
Lynn T Tanoue MD FCCP Regent-At-Large 1.0
Director
$0 $0 $0
Robert De Marco MD FCCP Board of Advisors Chair 1.0
Director
$0 $0 $0
Margaret Pisani MD MPH FCCP Networks Chair 1.0
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
2024 $41,007,190 $37,796,676 $66,713,537 $3,210,514
2023 $37,056,814 $38,478,210 $59,257,285 $-1,421,396
2022 $34,618,086 $35,052,526 $42,939,042 $-434,440
2021 $32,120,339 $29,246,262 $45,197,489 $2,874,077
2020 $16,629,705 $15,069,607 $44,983,631 $1,560,098
2020 $31,718,747 $34,504,128 $43,481,911 $-2,785,381
2019 $32,122,293 $32,530,728 $47,051,479 $-408,435
2018 $35,761,592 $31,770,496 $46,802,683 $3,991,096
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