AMERICAN ACADEMY OF PAIN MEDICINE

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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

1992

Legal Domicile

Principal Officer

SHARON H KNEEBONE

Phone

8009171619

Tax Period

2023-01-01 to 2023-12-31

AMERICAN ACADEMY OF PAIN MEDICINE, founded in 1992, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $1.6M exceeded revenue, resulting in a 10% operating deficit.

Mission

AAPM IS DEDICATED TO ADVANCING MULTIDISCIPLINARY PAIN CARE EDUCATION, ADVOCACY, AND RESEARCH TO IMPROVE THE QUALITY OF LIFE FOR OUR MEMBERS AND THOSE THEY TREAT.

Program Service Accomplishments

Program 1

CONFERENCE AND MEETINGS: PAIN PHYSICIANS AND HEALTHCARE PROFESSIONALS RECEIVE CONTINUING MEDICAL EDUCATION IN THE SPECIALTY OF PAIN MEDICINE.

Program 2

JOURNAL & NEWSLETTER - PAIN MEDICINE IS THE OFFICIAL JOURNAL OF THE ACADEMY. THIS PUBLICATION IS DEVOTED TO THE ADVANCEMENT OF PAIN MANAGEMENT, EDUCATION AND RESEARCH. THE WEEKLY E-NEWSLETTER...

JOURNAL & NEWSLETTER - PAIN MEDICINE IS THE OFFICIAL JOURNAL OF THE ACADEMY. THIS PUBLICATION IS DEVOTED TO THE ADVANCEMENT OF PAIN MANAGEMENT, EDUCATION AND RESEARCH. THE WEEKLY E-NEWSLETTER PROVIDES THE MOST CURRENT INFORMATION ON PAIN MEDICINE, ADVOCACY RELATED TO PAIN AS A SPECIALTY, CLINICAL TRIALS, MEMBERS IN THE NEWS AND AAPM UPDATES. MEMBERSHIP - ALLOWS ACCESS TO A PROFESSIONAL COMMUNITY OF PHYSICIANS EVERY MEMBERSHIP INCLUDES A JOURNAL AND E-NEWSLETTER SUBSCRIPTION.

Program 3

MEMBERSHIPS: THE ACADEMY'S MEMBERSHIP PROVIDES ACCESS TO A COMMUNITY OF PHYSICIANS AND HEALTHCARE PROFESSIONALS WITH A SUSTAINED INTEREST IN PAIN DISORDERS AND MANAGEMENT. MEMBERS REPRESENT A VARIETY OF ORIGINS, INCLUDING ANESTHESIOLOGY, INTERNAL MEDICINE, EMERGENCY MEDICINE, NEUROLOGY, NEUROSURGERY, ORTHOPEDIC SURGERY, PHYSIATRY, PSYCHIATRY, AND PSYCHOLOGY.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $200,730

Program Service Revenue $1,264,282

Investment Income $-13,669

Other Revenue $0

TOTAL REVENUE $1,451,343

Expense Breakdown

Grants Paid $31,638

Salaries & Benefits $367,521

Fundraising Expenses $0

Other Expenses $1,165,388

TOTAL EXPENSES $1,601,127

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,451,343	$1,312,093	+0.1%
Expenses	$1,601,127	$1,633,737	0.0%
Net Income	$-149,784	$-321,644	-0.5%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

221

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

$175,000

Total Directors

$125,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT W HURLEY MD PHD	EDITOR-IN-CHIEF, PAIN MEDICINE	40.00	Director	$125,000	$0	$125,000
FARSHAD M AHADIAN MD	PRESIDENT (AS OF MARCH)	8.00	Officer Director	$0	$0	$0
KAYODE WILLIAMS MD MBA FFARC	PRESIDENT	5.00	Officer Director	$0	$0	$0
W MICHAEL HOOTEN MD	PAST PRESIDENT (THRU MARCH)	2.00	Officer Director	$0	$0	$0
CHARLES ARGOFF MD	VICE PRESIDENT	1.50	Officer Director	$0	$0	$0
JENNIFER HAH MD	VICE PRESIDENT	1.50	Officer Director	$0	$0	$0
STEVEN STANOS DO	SECRETARY	1.50	Officer Director	$0	$0	$0
EDUARDO FRAIFELD MD	BOARD LIAISON	1.50	Director	$0	$0	$0
ROLLIN GALLAGHER MD	BOARD LIAISON	1.50	Director	$0	$0	$0
ROBERT WAILES MD	BOARD LIAISON	1.50	Director	$0	$0	$0
STEVEN P COHEN MD	DIRECTOR- AT- LARGE	1.50	Director	$0	$0	$0
BETH DARNALL PHD	DIRECTOR- AT- LARGE	1.50	Director	$0	$0	$0
HALENA GAZELKA MD	DIRECTOR- AT- LARGE (THRU MARCH)	1.50	Director	$0	$0	$0
MARIE HANNA MD	DIRECTOR- AT- LARGE	1.50	Director	$0	$0	$0
SALMAN HIRANI MD	DIRECTOR- AT- LARGE	1.50	Director	$0	$0	$0
BETH HOGANS MD	DIRECTOR- AT- LARGE	1.50	Director	$0	$0	$0
LYNN KOHAN MD	DIRECTOR- AT- LARGE	1.50	Director	$0	$0	$0
JUDITH SCHEMAN PHD	DIRECTOR- AT- LARGE (THRU MARCH)	1.50	Director	$0	$0	$0
JAMES C WATSON MD	DIRECTOR- AT- LARGE (THRU MARCH)	1.50	Director	$0	$0	$0
SHARON H KNEEBONE	INTERIM EXECUTIVE DIRECTOR	55.00	Officer	$175,000	$0	$175,000

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	$1,451,343	$1,601,127	$1,500,517	$-149,784
2022	$1,312,093	$1,633,737	$1,734,871	$-321,644
2021	$778,388	$995,010	$2,294,428	$-216,622
2020	$2,933,860	$3,047,052	$2,465,562	$-113,192
2019	$3,141,184	$3,588,812	$3,728,368	$-447,628
2018	$3,356,673	$4,055,164	$3,897,051	$-698,491