AMERICAN SOCIETY OF ADDICTION MEDICINE INC

EIN: 391806177 501(c)(3) Mental Health

KIMBERLY, WI

Total Revenue
$277,418
Total Expenses
$257,741
Total Assets
$180,791
Net Assets
$133,429
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1993
Legal Domicile
WI
Principal Officer
SUBHADEEP BARMAN MD
Phone
9205605610
Tax Period
2024-01-01 to 2024-12-31

AMERICAN SOCIETY OF ADDICTION MEDICINE INC, founded in 1993, is a small nonprofit in the Mental Health sector that reported $277K in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $258K left a modest 7% surplus.

Mission

TO PROVIDE A MEDIUM FOR WISCONSIN PHYSICIANS AND ASSOCIATED PROFESSIONALS DEDICATED TO INCREASING ACCESS TO AND IMPROVING THE QUALITY OF ADDICTION TREATMENT; EDUCATING PHYSICIANS, OTHER HEALTH CARE PROFESSIONALS, AND THE PUBLIC; SUPPORTING RESEARCH AND PREVENTION; AND PROMOTING THE APPROPRIATE ROLE OF PHYSICIANS AND ASSOCIATED PROFESSIONALS IN THE CARE OF PATIENTS WITH ADDICTION.

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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 $229,062
Program Service Revenue $46,715
Investment Income $1,641
Other Revenue $0
TOTAL REVENUE $277,418

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $204,567
Other Expenses $257,741
TOTAL EXPENSES $257,741

Year-over-Year Comparison

2024 2023 Change
Revenue $277,418 $243,801 +0.1%
Expenses $257,741 $239,166 +0.1%
Net Income $19,677 $4,635 +3.2%
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

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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
20

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
5
$0
Total Directors
3
$7,245
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ERIC OSTERMANN EXECUTIVE DIRECTOR 4.00
Director
$0 $0 $0
SUBHADEEP BARMAN MD PRESIDENT 1.00
Officer
$0 $0 $0
CHARLES SCHAUBERGER MD PRESIDENT - ELECT 1.00
Officer
$0 $0 $0
RITU BHATNAGER MD PAST - PRESIDENT 1.00
Officer
$0 $0 $0
GREGORY KAFTAN MD TREASURER 1.00
Officer
$0 $0 $0
KELLY EAGEN MD SECRETARY 1.00
Officer
$0 $0 $0
SREEVALI ATLURU MD MEMBER 1.00
Director
$0 $0 $0
EZRA LYON MD MEMBER 1.00
Director
$7,245 $0 $7,245
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 $277,418 $257,741 $180,791 $19,677
2023 $243,801 $239,166 $136,570 $4,635
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