AMERICAN ACADEMY OF SLEEP MEDICINE FOUNDATION

EIN: 411920576 501(c)(3) Medical Research

DARIEN, IL

Total Revenue
$3,182,359
Total Expenses
$4,279,327
Total Assets
$17,276,389
Net Assets
$13,674,083
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
MN
Principal Officer
STEVEN VAN HOUT
Phone
6307379724
Tax Period
2023-01-01 to 2023-12-31

AMERICAN ACADEMY OF SLEEP MEDICINE FOUNDATION, founded in 1998, is a community nonprofit in the Medical Research sector that reported $3.5M in total revenue in fiscal year 2019. Revenue surged 44% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.9M, a strong 55% operating margin.

Mission

TO PROMOTE DISCOVERIES THAT ADVANCE THE UNDERSTANDING OF SLEEP FOR HEALTHIER LIVES BY OFFERING RESEARCH, COMMUNITY AND TRAINING GRANTS.

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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 $2,717,260
Program Service Revenue $0
Investment Income $465,099
Other Revenue $0
TOTAL REVENUE $3,182,359

Expense Breakdown

Grants Paid $3,985,481
Salaries & Benefits $0
Fundraising Expenses $126,555
Program Expenses $4,030,512
Other Expenses $293,846
TOTAL EXPENSES $4,279,327

Year-over-Year Comparison

2023 2022 Change
Revenue $3,182,359 $3,926,980 -0.2%
Expenses $4,279,327 $3,500,495 +0.2%
Net Income $-1,096,968 $426,485 -3.6%
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
11
Independent Members
5
Employees
N/A
Volunteers
45

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
4
$822,926
Total Directors
12
$242,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEVEN VAN HOUT EXECUTIVE DIRECTOR 2.00
Officer
$0 $87,212 $593,798
ANDREW SUMMERS DIRECTOR OF FINANCE 2.00
Officer
$0 $36,486 $187,978
JAMES ROWLEY MD DIRECTOR (OUTGOING 2023) 1.00
Director
$0 $0 $58,250
JENNIFER MARTIN PHD DIRECTOR (INCOMING 2023) 1.00
Director
$0 $0 $44,500
ERIC OLSON MD DIRECTOR 1.00
Director
$0 $0 $44,500
ANITA SHELGIKAR MD MHPE SECRETARY/TREASURER 1.00
Officer Director
$0 $0 $32,250
LYNN MARIE TROTTI MD MSC DIRECTOR 1.00
Director
$0 $0 $19,600
VISHESH KAPUR MD MPH DIRECTOR 1.00
Director
$0 $0 $17,000
EMERSON WICKWIRE PHD FAASM DIRECTOR (INCOMING 2023) 1.00
Director
$0 $0 $17,000
RASHMI AURORA MD MHS PRESIDENT 1.00
Officer Director
$0 $0 $8,900
SUSMITA CHOWDHURI MD MS DIRECTOR 1.00
Director
$0 $0 $0
JOYCE K LEE-IANNOTTI DIRECTOR 1.00
Director
$0 $0 $0
NANCY S REDEKER PHD RN DIRECTOR 1.00
Director
$0 $0 $0
STEPHEN H SHELDON DO DIRECTOR 1.00
Director
$0 $0 $0
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 $3,182,359 $4,279,327 $17,276,389 $-1,096,968
2022 $3,926,980 $3,500,495 $16,429,154 $426,485
2021 $3,412,660 $2,895,981 $17,841,323 $516,679
2020 $4,565,670 $1,923,216 $15,459,561 $2,642,454
2019 $3,532,435 $1,591,885 $12,410,221 $1,940,550
2019 $3,532,435 $1,591,885 $12,410,221 $1,940,550
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