AMERICAN ACADEMY OF FAMILY PHYSICI… - 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

1957

Legal Domicile

Phone

9139066000

Tax Period

2023-01-01 to 2023-12-31

AMERICAN ACADEMY OF FAMILY PHYSICIANS FDN, founded in 1957, is a community nonprofit in the Health Care sector that reported $4.6M in total revenue in fiscal year 2023. Revenue decreased 18% compared to the prior year. Expenses of $4.2M left a modest 10% surplus.

Mission

THE AMERICAN ACADEMY OF FAMILY PHYSICIANS FOUNDATION ADVANCES THE VALUES OF FAMILY MEDICINE BY PROMOTING HUMANITARIAN, EDUCATIONAL AND SCIENTIFIC INITIATIVES THAT IMPROVE THE HEALTH OF ALL PEOPLE.

Program Service Accomplishments

Program 1

Expenses: $1,440,026

AWARDS AND GRANTS SUPPORT AND RECOGNIZE INDIVIDUALS, GROUPS, ORGANIZATIONS AND RESIDENCY PROGRAMS WHO ARE MAKING AN IMPACT IN FAMILY MEDICINE AND IMPROVING THE HEALTH OF ALL PEOPLE THROUGH...

AWARDS AND GRANTS SUPPORT AND RECOGNIZE INDIVIDUALS, GROUPS, ORGANIZATIONS AND RESIDENCY PROGRAMS WHO ARE MAKING AN IMPACT IN FAMILY MEDICINE AND IMPROVING THE HEALTH OF ALL PEOPLE THROUGH HUMANITARIAN, EDUCATIONAL AND SCIENTIFIC PROJECTS. THESE PROJECTS ENHANCE HEALTHCARE QUALITY, STIMULATE FAMILY MEDICINE RESEARCH, SUPPORT EDUCATIONAL SEMINARS, AND PROMOTE INTEREST IN THE SPECIALTY OF FAMILY MEDICINE. DURING 2023, AWARDS AND GRANTS IMPACTED 37 STATE AFP CHAPTERS, 81 ORGANIZATIONS, NEARLY 1,500 RESIDENTS AND MEDICAL STUDENTS, 1,189 HEALTH PROFESSIONALS, AND AN AVERAGE OF 40 STATE AFP CHAPTER EXECUTIVES. WWW.AAFPFOUNDATION.ORG

Program 2

Expenses: $423,361

R SHAWN MARTIN REPORTABLE $39,594 DEFERRED $21,248 THE AMERICAN ACADEMY OF FAMILY PHYSICIANS' SUPPLEMENTAL RETIREMENT PLAN IS A NON-QUALIFIED PLAN FOR THOSE WHO EXCEED THE IRS MAXIMUM RETIREMENT...

R SHAWN MARTIN REPORTABLE $39,594 DEFERRED $21,248 THE AMERICAN ACADEMY OF FAMILY PHYSICIANS' SUPPLEMENTAL RETIREMENT PLAN IS A NON-QUALIFIED PLAN FOR THOSE WHO EXCEED THE IRS MAXIMUM RETIREMENT COMPENSATION. THE INTENT IS TO MATCH THE RETIREMENT CONTRIBUTIONS HAD THE MAXIMUMS NOT BEEN IN PLACE.

Program 3

Expenses: $299,312

FAMILY MEDICINE LEADS FOCUSES ON ENSURING THE FUTURE OF THE FAMILY MEDICINE SPECIALTY BY SUPPORTING EFFORTS TO FILL THE WORKFORCE PATHWAY WITH BOTH THE QUANTITY AND QUALITY OF FAMILY PHYSICIANS...

FAMILY MEDICINE LEADS FOCUSES ON ENSURING THE FUTURE OF THE FAMILY MEDICINE SPECIALTY BY SUPPORTING EFFORTS TO FILL THE WORKFORCE PATHWAY WITH BOTH THE QUANTITY AND QUALITY OF FAMILY PHYSICIANS NEEDED TO IMPROVE THE HEALTH OF ALL PEOPLE, AS WELL AS BY SUPPORTING THE DEVELOPMENT OF FUTURE FAMILY MEDICINE LEADERS. IN 2023, 280 SCHOLARSHIPS WERE PROVIDED FOR FAMILY MEDICINE RESIDENTS AND MEDICAL STUDENTS TO ATTEND NATIONAL CONFERENCE, WITH THE GOAL OF INFLUENCING STUDENTS RESIDENTS' COMMITMENT TO THE SPECIALTY OF FAMILY MEDICINE. FAMILY MEDICINE LEADS EMERGING LEADER INSTITUTE IS A YEAR-LONG LEADERSHIP DEVELOPMENT PROGRAM THAT BRINGS TOGETHER 30 PARTICIPANTS FOLLOWING A COMPETITIVE APPLICATION PROCESS. IT TARGETS FAMILY MEDICINE RESIDENTS AND MEDICAL STUDENTS WHO DISPLAY LEADERSHIP POTENTIAL BUT MAY OR MAY HAVE NOT HAD AN OPPORTUNITY TO SERVE IN A LEADERSHIP ROLE. https://www.aafpfoundation.org/our-programs/education-initiatives.html

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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 $2,533,266

Program Service Revenue $0

Investment Income $2,098,044

Other Revenue $-1,509

TOTAL REVENUE $4,629,801

Expense Breakdown

Grants Paid $1,551,877

Salaries & Benefits $26,875

Fundraising Expenses $982,901

Program Expenses $2,636,524

Other Expenses $2,582,382

TOTAL EXPENSES $4,161,134

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,629,801	$5,636,494	-0.2%
Expenses	$4,161,134	$4,935,787	-0.2%
Net Income	$468,667	$700,707	-0.3%

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

N/A

Volunteers

296

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

$380,588

Total Directors

$891,905

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	BOARD MEMBER\PRESIDENT	8.0	Officer Director	$4,725	$0	$5,625
N/A	BOARD MEMBER\VICE PRESIDENT	8.0	Officer Director	$2,725	$0	$3,625
N/A	BOARD MEMBER\TREASURER	2.0	Officer Director	$2,475	$0	$3,375
N/A	BOARD MEMBER\PRESIDENT ELECT	8.0	Officer Director	$5,850	$0	$6,750
N/A	BOARD MEMBER\PHYSICIAN 2024	1.0	Director	$1,200	$0	$1,200
N/A	BOARD MEMBER/CORPORATE 2024	1.0	Director	$0	$0	$0
N/A	BOARD MEMBER\CORPORATE 2025	1.0	Director	$0	$0	$0
N/A	BOARD MEMBER\PHYSICIAN 2025	1.0	Director	$1,050	$0	$1,050
N/A	BOARD MEMBER\ACADEMY 2024	1.0	Director	$0	$0	$13,695
N/A	BOARD MEMBER\PUBLIC 2024	1.0	Director	$1,050	$0	$1,050
N/A	BOARD MEMBER-RESIGNED AUG 2023	1.0	Director	$1,200	$0	$1,500
N/A	BOARD MEMBER\PHYSICIAN 2025	1.0	Director	$1,350	$0	$1,350
N/A	BOARD MEMBER\PHYSICIAN 2023	1.0	Director	$1,050	$0	$1,050
N/A	BOARD MEMBER\RESIDENT 2024	1.0	Director	$300	$0	$300
N/A	BOARD MEMBER\PHYSICIAN 2024	1.0	Director	$1,050	$0	$1,050
N/A	BOARD MEMBER-RESIGNED AUG 2023	1.0	Director	$1,500	$0	$1,500
N/A	BOARD MEMBER\PUBLIC 2023	1.0	Director	$900	$0	$900
N/A	BOARD MEMBER-RESIGNED OCT 2023	1.0	Director	$0	$0	$0
N/A	BOARD MEMBER\CORPORATE 2023	1.0	Director	$0	$0	$0
N/A	BOARD MEMBER\PUBLIC 2025	1.0	Director	$0	$0	$0
N/A	BOARD MEMBER\EX-OFFICIO	1.0	Director	$0	$108,700	$837,935
N/A	BOARD MEMBER\STUDENT 2024	1.0	Director	$450	$0	$450
N/A	BOARD MEMBER\ACADEMY 2024	1.0	Director	$0	$0	$9,500
N/A	EXECUTIVE DIRECTOR	32.0	Officer	$0	$89,738	$361,213
N/A	ASSISTANT CONTROLLER	10.0	Highest	$0	$81,423	$206,490

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	$4,629,801	$4,161,134	$26,049,790	$468,667
2022	$5,636,494	$4,935,787	$23,445,539	$700,707
2021	$5,392,097	$4,284,438	$25,207,430	$1,107,659
2020	$6,016,768	$5,070,147	$22,073,165	$946,621
2019	$6,238,862	$3,939,633	$20,616,552	$2,299,229
2018	$4,190,833	$3,207,111	$17,646,065	$983,722

AMERICAN ACADEMY OF FAMILY PHYSICIANS FDN