AMERICAN ACADEMY OF SLEEP MEDICINE

EIN: 411596569

DARIEN, IL

Total Revenue
$18,062,643
Total Expenses
$18,794,512
Total Assets
$100,447,114
Net Assets
$90,204,280
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1987
Legal Domicile
MN
Principal Officer
STEVEN VAN HOUT
Tax Period
2023-01-01 to 2023-12-31

AMERICAN ACADEMY OF SLEEP MEDICINE, founded in 1987, is a mid-sized nonprofit that reported $18.1M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Net assets of $90.2M represent 60 months of operating reserves.

Mission

THE AMERICAN ACADEMY OF SLEEP MEDICINE (AASM)IS A NONPROFIT CORPORATION ORGANIZED TO ESTABLISH STANDARDS FOR THE EVALUATION AND TREATMENT OF HUMAN SLEEP DISORDERS,PROMOTE EDUCATION AND TRAINING IN SLEEP DISORDER MEDICINE, AND REPRESENT THE SLEEP DISORDER DISCIPLINE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $398,931
Program Service Revenue $14,106,144
Investment Income $3,548,991
Other Revenue $8,577
TOTAL REVENUE $18,062,643

Expense Breakdown

Grants Paid $566,654
Salaries & Benefits $10,079,933
Fundraising Expenses $0
Other Expenses $8,147,925
TOTAL EXPENSES $18,794,512

Year-over-Year Comparison

2023 2022 Change
Revenue $18,062,643 $15,982,085 +0.1%
Expenses $18,794,512 $17,457,272 +0.1%
Net Income $-731,869 $-1,475,187 -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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Governance

Voting Members
12
Independent Members
3
Employees
87
Volunteers
350

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
$938,401
Total Directors
15
$320,875
Key Employees
1
$296,332
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEVEN VAN HOUT EXECUTIVE DIRECTOR 40.00
Officer
$506,586 $87,212 $593,798
SHERENE THOMAS ASSISTANT EXECUTIVE DIRECTOR 40.00
Key Emp
$247,078 $49,254 $296,332
THOMAS HEFFRON SENIOR DIRECTOR 40.00
Highest
$214,845 $46,826 $261,671
MARY SQUARE SENIOR DIRECTOR 40.00
Highest
$182,731 $36,383 $219,114
CHRISTOPHER WARING SENIOR DIRECTOR 40.00
Highest
$181,860 $29,614 $211,474
DIEDRA GRAY DIRECTOR OF HEALTH POLICY 40.00
Highest
$172,153 $31,111 $203,264
ANDREW SUMMERS DIRECTOR OF FINANCE 40.00
Officer
$151,492 $36,486 $187,978
CHRISTEN WHITTINGTON DIRECTOR OF ORGNAIZATIONAL AFFAIRS 40.00
Highest
$159,959 $23,873 $183,832
JAMES ROWLEY MD PRESIDENT 5.00
Officer Director
$58,250 $0 $58,250
ERIC OLSON MD PRESIDENT-ELECT 5.00
Officer Director
$44,500 $0 $44,500
JENNIFER MARTIN PHD IMMEDIATE PAST PRESIDENT 5.00
Officer Director
$44,500 $0 $44,500
ANITA SHELGIKAR MD MHPE SECRETARY-TREASURER 5.00
Director
$32,250 $0 $32,250
LYNN MARIE TROTTI MD MSC DIRECTOR 5.00
Director
$19,600 $0 $19,600
FARIHA ABBASI-FEINBERG MD DIRECTOR 5.00
Director
$18,500 $0 $18,500
VISHESH KAPUR MD MPH DIRECTOR 5.00
Director
$17,000 $0 $17,000
DAVID KUHLMANN MD DIRECTOR 5.00
Director
$17,000 $0 $17,000
EMERSON WICKWIRE PHD FAASM DIRECTOR 5.00
Director
$17,000 $0 $17,000
RAMAN MALHOTRA MD IMMEDIATE PAST PRESIDENT (OUTGOING 2023) 5.00
Officer Director
$9,375 $0 $9,375
RASHMI AURORA MD MHS DIRECTOR (OUTGOING 2023) 5.00
Director
$8,900 $0 $8,900
ALEXANDRE ROCHA ABREU MD DIRECTOR (INCOMING 2023) 5.00
Director
$8,500 $0 $8,500
INDIRA GURUBHAGAVATULA MD MPH DIRECTOR (INCOMING 2023) 5.00
Director
$8,500 $0 $8,500
SUSHEEL PATIL MD PHD DIRECTOR (INCOMING 2023) 5.00
Director
$8,500 $0 $8,500
CAROL ROSEN MD DIRECTOR (OUTGOING 2023) 5.00
Director
$8,500 $0 $8,500
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 $18,062,643 $18,794,512 $100,447,114 $-731,869
2022 $15,982,085 $17,457,272 $90,011,093 $-1,475,187
2021 $16,695,981 $15,724,067 $108,922,365 $971,914
2020 $14,935,522 $16,294,646 $95,781,593 $-1,359,124
2019 $29,595,714 $13,970,771 $93,146,096 $15,624,943
2018 $17,547,567 $12,818,420 $78,580,491 $4,729,147
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