AMERICAN ACADEMY OF OPHTHALMOLOGY INC

EIN: 411336784

SAN FRANCISCO, CA

Total Revenue
$68,284,674
Total Expenses
$66,532,291
Total Assets
$149,455,237
Net Assets
$115,135,657
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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
1979
Legal Domicile
MN
Principal Officer
STEPHEN D MCLEOD MD
Phone
4155618500
Tax Period
2024-04-01 to 2025-03-31

AMERICAN ACADEMY OF OPHTHALMOLOGY INC, founded in 1979, is a mid-sized nonprofit that reported $68.3M in total revenue in fiscal year 2024.

Mission

AAO IS THE LARGEST NATIONAL MEMBERSHIP ORGANIZATION FOR OPHTHALMOLOGISTS.

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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 $14,013,637
Program Service Revenue $40,803,616
Investment Income $1,696,246
Other Revenue $11,771,175
TOTAL REVENUE $68,284,674

Expense Breakdown

Grants Paid $1,717,946
Salaries & Benefits $34,575,913
Fundraising Expenses $0
Other Expenses $30,238,432
TOTAL EXPENSES $66,532,291

Year-over-Year Comparison

2024 2023 Change
Revenue $68,284,674 $66,819,472 +0.0%
Expenses $66,532,291 $60,591,881 +0.1%
Net Income $1,752,383 $6,227,591 -0.7%
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

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Governance

Voting Members
23
Independent Members
12
Employees
240
Volunteers
4000

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
$2,071,787
Total Directors
28
$1,534,554
Key Employees
8
$3,144,605
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JANE C EDMOND MD PRESIDENT (2024) / PAST PRES. (2025) 1.00
Officer Director
$85,000 $0 $85,000
MICHAEL X REPKA MD MBA PRESIDENT-ELECT (2024) / PRES (2025) 1.00
Officer Director
$30,000 $0 $30,000
CHRISTOPHER J RAPUANO MD TRUSTEE (2024) / PRES.-ELECT (2025) 1.00
Officer Director
$25,000 $0 $25,000
DUPE S ADEMOLA-POPOOLA MBBS INTERNATIONAL TRUSTEE-AT-LARGE 1.00
Director
$0 $0 $0
IQBAL K AHMED MD INT'L TRUSTEE-AT-LARGE THRU 12/2024 1.00
Director
$0 $0 $0
DANIEL J BRICELAND MD PAST PRESIDENT THRU 12/2024 1.00
Director
$0 $0 $0
ZELIA M CORREA MD PHD TRUSTEE-AT-LARGE START 1/2025 1.00
Director
$0 $0 $0
ANNA LUISA DI LORENZO MD TRUSTEE-AT-LARGE THRU 12/2024 1.00
Director
$0 $0 $0
RAVI D GOEL MD TRUSTEE / SR SECR FOR OPHTHALMIC PRACTICE 1.00
Director
$25,000 $0 $25,000
LAURA K GREEN MD TRUSTEE-AT-LARGE 1.00
Director
$10,000 $0 $10,000
DAVID C HERMAN MD PUBLIC TRUSTEE 1.00
Director
$17,500 $0 $17,500
BENNIE H JENG MD TRUSTEE / SECR FOR ANNUAL MEETING 1.00
Director
$25,000 $0 $25,000
LISA DIANE KELLY MD TRUSTEE-AT-LARGE 1.00
Director
$0 $0 $0
JAMES A LAWRENCE PUBLIC TRUSTEE 1.00
Director
$0 $0 $0
JEFF S MALTZMAN MD TRUSTEE-AT-LARGE START 1/2025 1.00
Director
$0 $0 $0
PURNIMA S PATEL MD TRUSTEE-AT-LARGE 1.00
Director
$0 $0 $0
PAISAN RUAMVIBOONSUK MD INT'L TRUSTEE-AT LARGE START 1/2025 1.00
Director
$0 $0 $0
ERIN SHRIVER MD TRUSTEE-AT-LARGE 1.00
Director
$0 $0 $0
GREGORY L SKUTA MD TRUSTEE/FAAO ADV BOARD CHAIR THRU 12/2024 1.00
Director
$0 $0 $0
LEE A SNYDER MD TRUSTEE / VICE CHAIR, THE COUNCIL 1.00
Director
$10,000 $0 $10,000
J TIMOTHY STOUT MD PHD MBA TRUSTEE / SR SECR FOR EDUC START 1/2025 1.00
Director
$18,500 $0 $18,500
PREM S SUBRAMANIAN MD PHD TRUSTEE / CHAIR, THE COUNCIL 1.00
Director
$15,000 $0 $15,000
RUSSELL N VAN GELDER MD PHD TRUSTEE / EDITOR, OPHTHALMOLOGY 1.00
Director
$0 $0 $0
AARON P WEINGEIST MD TRUSTEE-AT-LARGE THRU 12/2024 1.00
Director
$0 $0 $0
GEORGE A WILLIAMS MD TRUSTEE / SR SECR FOR ADVOCACY 1.00
Director
$25,000 $0 $25,000
RUTH D WILLIAMS MD TRUSTEE/FAAO ADV BOARD CHAIR START 1/2025 1.00
Director
$0 $0 $0
REZA ZADNO PHD PUBLIC TRUSTEE 1.00
Director
$17,500 $0 $17,500
STEPHEN D MCLEOD MD EXEC VP / CEO / TREAS & SECRETARY 32.00
Officer Director
$1,122,500 $108,554 $1,231,054
LAWRENCE MENDENHALL COO / CFO / CHIEF LEGAL & RISK OFF 34.00
Officer
$594,354 $106,379 $700,733
DALE E FAJARDO EDD MBA VP, EDUCATION 40.00
Key Emp
$396,010 $57,902 $453,912
JOE CARR VP, INFORMATION TECHNOLOGY 40.00
Key Emp
$336,550 $98,867 $435,417
FLORA LUM MD VP, QUALITY AND DATA SCIENCE 40.00
Key Emp
$372,561 $42,510 $415,071
DEBRA ROSENCRANCE CMP CAE VP, MEETINGS AND EXHIBITS 40.00
Key Emp
$347,920 $56,918 $404,838
REBECCA HYDER VP, GOVERNMENTAL AFFAIRS 40.00
Key Emp
$365,207 $35,130 $400,337
MICHAEL W STEVENS JD GENERAL COUNSEL & VP, LEGAL AFFAIRS THRU 1/2025 40.00
Key Emp
$289,975 $79,845 $369,820
JESSICA KUO MBA VP, MEMBERSHIP AND ALLIANCES 40.00
Key Emp
$297,464 $54,642 $352,106
GAIL SCHMIDT VP, OPHTHALMIC SOCIETY & GLOBAL RELATIONS 40.00
Key Emp
$269,020 $44,084 $313,104
MICHAEL ROLL DIRECTOR OF FINANCE 40.00
Highest
$245,897 $74,955 $320,852
BRANDI BROOKS DIRECTOR OF MARKETING 40.00
Highest
$229,135 $51,256 $280,391
JENNIFER MAXWELL DIRECTOR OF PEOPLE, TALENT DEV, & ENG 40.00
Highest
$224,984 $39,198 $264,182
BRENDAN MARR DIRECTOR, STATE GOVERNMENT AFFAIRS 40.00
Highest
$218,330 $21,735 $240,065
BRANDY KEYS MPH DIRECTOR OF HEALTH POLICY 40.00
Highest
$212,851 $37,786 $250,637
BETH HEINRICH MPA FORMER VP, COMMS/MRKTG THRU 3/2024 40.00
$126,139 $35,963 $162,102
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 $68,284,674 $66,532,291 $149,455,237 $1,752,383
2024 $66,819,472 $60,591,881 $140,947,093 $6,227,591
2023 $65,373,861 $57,628,777 $132,965,118 $7,745,084
2022 $63,345,501 $51,876,122 $120,788,261 $11,469,379
2021 $47,267,267 $41,313,903 $107,241,559 $5,953,364
2020 $60,451,160 $55,023,299 $90,177,944 $5,427,861
2019 $60,057,805 $54,090,878 $86,858,091 $5,966,927
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