AMERICAN ACADEMY OF PHYSICAL MEDIC… - Form 990 Financial Data

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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

1951

Legal Domicile

Principal Officer

TRACY J SEREIKO

Phone

8477376000

Tax Period

2023-01-01 to 2023-12-31

AMERICAN ACADEMY OF PHYSICAL MEDICINE AND REHABILITATION, founded in 1951, is a mid-sized nonprofit that reported $14.3M in total revenue in fiscal year 2023. Expenses of $13.6M left a modest 5% surplus.

Mission

AAPMR STRIVES TO ADVANCE THE FIELD OF PHYSICAL MEDICINE AND REHABILITATION, PROMOTE EXCELLENCE IN PHYSIATRIC PRACTICE, AND ACTS AS AN ADVOCATE ON PUBLIC POLICY ISSUES RELATED TO DISABILITY. IT ASSISTS PM&R PHYSICIANS IN ACQUIRING THE CONTINUING EDUCATION, PRACTICE KNOWLEDGE, LEADERSHIP SKILLS, AND RESEARCH INFORMATION NEEDED TO PROVIDE QUALITY PATIENT CARE, AS WELL AS TO REPRESENT THE BEST INTERESTS OF PATIENTS WITH, OR AT RISK FOR, TEMPORARY OR PERMANENT DISABILITIES.

Program Service Accomplishments

Program 1

Expenses: $3,230,178 Revenue: $4,156,005

ANNUAL ASSEMBLY - THE ANNUAL ASSEMBLY IS THE PREMIER ANNUAL SCIENTIFIC EDUCATIONAL CONFERENCE FOR PHYSICAL MEDICINE AND REHABILITATION PHYSICIANS. OVER 2,000 PHYSICIANS ATTEND THE ASSEMBLY TO...

ANNUAL ASSEMBLY - THE ANNUAL ASSEMBLY IS THE PREMIER ANNUAL SCIENTIFIC EDUCATIONAL CONFERENCE FOR PHYSICAL MEDICINE AND REHABILITATION PHYSICIANS. OVER 2,000 PHYSICIANS ATTEND THE ASSEMBLY TO PARTICIPATE IN COURSES, PLENARY SESSIONS AND WORKSHOPS, WHICH ARE ORGANIZED INTO TRACKS. ADDITIONALLY, THE POSTER PRESENTATIONS REPORT THE LATEST RESEARCH IN THE FIELD OF PM&R AND EXHIBITS ARE HOSTED.

Program 2

Expenses: $2,396,946 Revenue: $277,669

PUBLICATIONS AND COMMUNICATIONS - THE ACADEMY PROVIDES A MONTHLY SCIENTIFIC JOURNAL (PM&R)TO THE MEMBERS. THE ACADEMY ALSO PROVIDES A PRINT NEWSLETTER 10 TIMES PER YEAR, A BI-WEEKLY ONLINE...

PUBLICATIONS AND COMMUNICATIONS - THE ACADEMY PROVIDES A MONTHLY SCIENTIFIC JOURNAL (PM&R)TO THE MEMBERS. THE ACADEMY ALSO PROVIDES A PRINT NEWSLETTER 10 TIMES PER YEAR, A BI-WEEKLY ONLINE NEWSLETTER, MONTHLY RESIDENT NEWSLETTER, QUARTERLY COUNCIL NEWSLETTERS, AND MEMBER EMAIL BLASTS THAT COMUNICATE UPDATES IN THE FIELD OF PM&R, ACTIVITIES OF THE ACADEMY, ITS MEMBERS AND STRATEGIC COMMITTEES. THE ACADEMY OFFERS PHYZFORUM, AN ONLINE MEMBER COMMUNITY, AND ASSESSES MEMBER NEEDS THROUGH MARKET RESEARCH STUDIES. THE ACADEMY WEBSITE IS A RESOURCE FOR MEMBERS AS WELL AS THE PUBLIC. THE ACADEMY CONTINUES TO RAISE AWARENESS OF THE BENEFITS OF REHABILITATION AND THE FIELD THROUGH THE WEBSITE AND PATIENT EDUCATION BROCHURES.

Program 3

Expenses: $2,753,002 Revenue: $0

HPPS/QUALITY - THE ACADEMY HELPS OUR MEMBERS NAVIGATE THE CONTINUOUS CHANGES TO GUIDELINES, REPORTING MEASURES, AND OTHER PRACTICE REQUIREMENTS. THE ACADEMY IS COMMITTED TO PROVIDING RESOURCES AND...

HPPS/QUALITY - THE ACADEMY HELPS OUR MEMBERS NAVIGATE THE CONTINUOUS CHANGES TO GUIDELINES, REPORTING MEASURES, AND OTHER PRACTICE REQUIREMENTS. THE ACADEMY IS COMMITTED TO PROVIDING RESOURCES AND SUPPORT TO HELP DEFINE PHYSIATRY'S VALUE IN MEDICINE AND LEAD PHYSIATRISTS THROUGH THE TRANSITIONS OCCURING IN THE BUSINESS OF HEALTH CARE.

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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 $0

Program Service Revenue $12,226,215

Investment Income $727,643

Other Revenue $1,300,000

TOTAL REVENUE $14,253,858

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,046,997

Fundraising Expenses $0

Program Expenses $12,493,188

Other Expenses $7,520,799

TOTAL EXPENSES $13,567,796

Year-over-Year Comparison

	2023	2022	Change
Revenue	$14,253,858	$13,865,413	+0.0%
Expenses	$13,567,796	$12,475,990	+0.1%
Net Income	$686,062	$1,389,423	-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

600

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

$602,400

Total Directors

Key Employees

$1,167,683

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEBORAH A VENESEY MD	PAST PRESIDENT (TERM OCT 2023)	5.00	Officer Director	$0	$0	$0
STEVEN R FLANAGAN MD	PAST PRESIDENT	5.00	Officer Director	$0	$0	$0
D J KENNEDY MD	PRESIDENT	5.00	Officer Director	$0	$0	$0
JOHN C CIANCA MD	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
THIRU M ANNASWAMY MD MA	STRATEGIC COMM. CHAIR (TERM OCT 2023)	2.00	Director	$0	$0	$0
RACHEL BRAKKE HOLMAN MD	STRATEGIC COMMITTEE CHAIR	2.00	Director	$0	$0	$0
SCOTT R LAKER MD	PRESIDENT-ELECT	5.00	Officer Director	$0	$0	$0
ANDRE PANAGOS MD	STRATEGIC COMM. CHAIR (TERM OCT 2023)	2.00	Director	$0	$0	$0
AMY J HOUTROW MD PHD	SECRETARY	5.00	Officer Director	$0	$0	$0
ATUL T PATEL MD MHSA	TREASURER	5.00	Officer Director	$0	$0	$0
SUSAN LEE HUBBELL MD	STRATEGIC COMMITTEE CHAIR	2.00	Director	$0	$0	$0
JAMES A SLIWA MD	STRATEGIC COMMITTEE CHAIR	2.00	Director	$0	$0	$0
LISA A MERRITT MD	MEMBER-AT-LARGE	2.00	Director	$0	$0	$0
CARLA P WATSON MD	STRATEGIC COMMITTEE CHAIR	2.00	Director	$0	$0	$0
MARLIS GONZALEZ-FERNANDEZ MD PHD	MEMBER-AT-LARGE	2.00	Director	$0	$0	$0
NNEKA L IFEJIKA MD MPH	MEMBER-AT-LARGE	2.00	Director	$0	$0	$0
JOSE L VARGAS MD	MEMBER-AT-LARGE	2.00	Director	$0	$0	$0
JONATHAN H WHITESON MD	STRATEGIC COMMITTEE CHAIR	2.00	Director	$0	$0	$0
THOMAS E STAUTZENBACH CAE	EXECUTIVE DIRECTOR & CEO	40.00	Officer	$534,084	$68,316	$602,400
TRACY J SERIKO	AED, MARKE & MEMBERSHIP DE	40.00	Key Emp	$285,782	$55,569	$341,351
MELANIE DOLAK	AED, HEALTH POLICY & PRACT	40.00	Key Emp	$213,685	$61,739	$275,424
REBECCA DEVIVO	AED, EDUCATION	40.00	Key Emp	$203,909	$64,414	$268,323
KAVITHA NEERUKONDA	AED, QUALIY & REGISTRY INI	40.00	Key Emp	$202,596	$79,989	$282,585
SHARON POPIELEWSKI	DIRECTOR, BUSINESS & RESOU	40.00	Highest	$147,837	$59,046	$206,883
PAMELA S SWICK	DIRECTOR, ACCOUNTING	40.00	Highest	$132,765	$26,078	$158,843
BRIAN THOMPSON	DIRECTOR, EDUCATION	40.00	Highest	$143,297	$10,980	$154,277
DAVE HOMAN	DIRECTOR, INFORMATION TECH	40.00	Highest	$154,025	$30,511	$184,536
CHRIS STEWART	DIRECTOR, HEALTH POLICY	40.00	Highest	$122,233	$12,629	$134,862

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	$14,253,858	$13,567,796	$31,988,078	$686,062
2022	$13,865,413	$12,475,990	$28,642,236	$1,389,423
2021	$11,664,125	$10,407,699	$27,884,750	$1,256,426
2020	$10,237,461	$9,614,458	$24,985,225	$623,003
2019	$12,252,381	$11,601,032	$23,834,747	$651,349
2018	$12,661,628	$11,716,769	$20,791,829	$944,859

AMERICAN ACADEMY OF PHYSICAL MEDICINE AND REHABILITATION