AMERICAN ACADEMY OF OTOLARYNGOLOGY… - 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

1981

Legal Domicile

Principal Officer

JAMES C DENNENY III MD

Phone

7038364444

Tax Period

2022-07-01 to 2023-06-30

AMERICAN ACADEMY OF OTOLARYNGOLOGY - HEAD & NECK SURGERY FOUNDATION, founded in 1981, is a community nonprofit in the Diseases & Disorders sector that reported $8.4M in total revenue in fiscal year 2022. Revenue fell 37% from the prior year — a significant decline worth monitoring. Expenses of $11.8M exceeded revenue, resulting in a 39% operating deficit.

Mission

ADVANCE THE ART & SCIENCE OF OTOLARYNGOLOGY-HEAD & NECK SURGERY THROUGH EDUCATION, RESEARCH & LEARNING.

Program Service Accomplishments

Program 1

Expenses: $5,831,359 Revenue: $4,573,352

ANNUAL MEETING: THE AAO-HNSF ANNUAL MEETING & OTO EXPO IS THE WORLD'S MOST PRESTIGIOUS GATHERING OF OTOLARYNGOLOGIST-HEAD AND NECK SURGEONS. THE MEETING AND OTO EXPO IS ATTENDED BY OVER 6,000 GLOBAL PHYSICIANS, RESEARCHERS AND ALLIED HEALTH PROFESSIONALS WHO GATHER TO REVIEW THE LATEST RESEARCH, COLLABORATE WITH COLLEAGUES AND PARTICIPATE IN HUNDREDS OF HOURS OF OTOLARYNGOLOGY-HEAD AND NECK SPECIFIC CONTINUING MEDICAL EDUCATION.

Program 2

Expenses: $2,518,253

RESEACH AND QUALITY: PROMOTE RESEARCH IN CURRENT TOPICS IN OTOLARYNGOLOGY AND ADMINISTER A RESEARCH GRANT PROGRAM FOR RESIDENTS AND PRACTITIONERS. THROUGH THE DEVELOPMENT OF EVIDENCE-BASED GUIDANCE THAT IS UPDATED AND REFINED BASED ON FEEDBACK FROM OUR CURRENT PRACTICE DATA, WE EMPOWER PHYSICIANS TO PROVIDE THE BEST PATIENT CARE.

Program 3

Expenses: $1,208,570 Revenue: $899,533

EDUCATION AND GENERAL MEETINGS: THE FOUNDATION PRESENTS A WIDE RANGE OF EDUCATIONAL MEDICAL EDUCATIONAL INITIATIVES AIMED AT INCREASING THE QUALITY OF PATIENT OUTCOMES THROUGH SUPPORTING...

EDUCATION AND GENERAL MEETINGS: THE FOUNDATION PRESENTS A WIDE RANGE OF EDUCATIONAL MEDICAL EDUCATIONAL INITIATIVES AIMED AT INCREASING THE QUALITY OF PATIENT OUTCOMES THROUGH SUPPORTING KNOWLEDGEABLE, COMPETENT, AND PROFESSIONAL PHYSICIANS. THE FOUNDATION CURATES THE KNOWLEDGE BASE AND THEN CONDUCTS THE PLANNING AND PRODUCTION OF EDUCATIONAL ACTIVITIES FOR THE SPECIALTY AS WELL AS OUTREACH EFFORTS FOR NON-OTOLARYNGOLOGIST PHYSICIANS AND ALLIED HEALTH PROFESSIONALS. EDUCATION IS CONDUCTED THROUGH LIVE EVENTS, SUBSCRIPTION PRODUCTS, ONLINE ACTIVITIES, PRINT AND E-PUBLICATIONS AND MOBILE APPLICATIONS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $774,792

Program Service Revenue $5,472,885

Investment Income $322,993

Other Revenue $1,865,573

TOTAL REVENUE $8,436,243

Expense Breakdown

Grants Paid $266,753

Salaries & Benefits $4,113,312

Fundraising Expenses $47,284

Program Expenses $10,055,715

Other Expenses $7,372,619

TOTAL EXPENSES $11,752,684

Year-over-Year Comparison

	2022	2021	Change
Revenue	$8,436,243	$13,350,389	-0.4%
Expenses	$11,752,684	$10,440,648	+0.1%
Net Income	$-3,316,441	$2,909,741	-2.1%

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

Volunteers

500

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

$1,100,371

Total Directors

$62,000

Key Employees

$1,153,526

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHLEEN L YAREMCHUK MD MSA	PRES.-ELECT - TIL 09/2022, PRESIDENT	5.00	Officer Director	$6,250	$0	$12,500
DOUGLAS BACKOUS MD AT-LARGE	DIR. - TIL 09/2022, PRESIDENT-ELECT	5.00	Officer Director	$0	$0	$0
KEN YANAGISAWA MD PRESIDENT -	UNTIL 09/2022, IMM. PAST PRESIDENT	5.00	Officer Director	$18,750	$0	$37,500
CAROL R BRADFORD MD	IMM. PAST PRESIDENT - UNTIL 09/2022	5.00	Officer Director	$0	$0	$0
STEVEN W CHEUNG MD MBA	SECRETARY-TREASURER	5.00	Officer Director	$0	$0	$0
KAREN RIZZO MD	CHAIR-ELECT - UNTIL 09/2022, CHAIR	5.00	Director	$0	$0	$3,000
STEVEN KMUCHA	CHAIR-ELECT - AS OF 10/2022	5.00	Director	$0	$0	$0
TROY WOODWARD MD	CHAIR - UNTIL 09/2022, PAST CHAIR	5.00	Director	$0	$0	$9,000
LANCE MANNING	PAST CHAIR - UNTIL 09/2022	5.00	Director	$0	$0	$0
YURI AGRAWAL MD	AT-LARGE DIRECTOR	5.00	Director	$0	$0	$0
WILLIAM R BLYTHE MD	AT-LARGE DIRECTOR - UNTIL 09/2022	5.00	Director	$0	$0	$0
EUGENE G BROWN III MD	AT-LARGE DIRECTOR	5.00	Director	$0	$0	$0
ALEXANDER G CHIU MD	AT-LARGE DIRECTOR	5.00	Director	$0	$0	$0
MARC G DUBIN MD	AT-LARGE DIRECTOR	5.00	Director	$0	$0	$0
VALARIE FLANARY MD	AT-LARGE DIRECTOR - UNTIL 09/2022	5.00	Director	$0	$0	$0
EARL H HARLEY MD	AT-LARGE DIRECTOR	5.00	Director	$0	$0	$0
LAKEISHA R HENRY MD	AT-LARGE DIRECTOR	5.00	Director	$0	$0	$0
CHERI-ANN O NATHAN MD	AT-LARGE DIRECTOR	5.00	Director	$0	$0	$0
ANGELA M POWELL MD	AT-LARGE DIRECTOR	5.00	Director	$0	$0	$0
JAMES C DENNENY III	EVP/CEO	20.00	Officer	$367,829	$70,166	$805,824
CARRIE HANLON	SR. DIRECTOR, FINANCE & ADMIN	20.00	Officer	$104,123	$36,302	$244,547
JEAN M BRERETON	SR. DIRECTOR, RESEARCH AND QUALITY	40.00	Key Emp	$277,123	$42,924	$320,047
MICHAEL A ROBEY	SR. DIRECTOR, INFORMATION TECHNOLOGY	20.00	Key Emp	$103,621	$35,940	$243,182
KATHERINE E LEWIS	SR. DIRECTOR, COMMUNICATIONS	8.00	Key Emp	$37,883	$33,719	$223,132
TIRZA N LOFGREEN	DIR., PROF. EDUC. & DIGITAL LEARNING	40.00	Key Emp	$164,468	$46,726	$211,194
RACHAEL E HEINER	SR. DIR., MEETINGS & CORP. DEVEL.	40.00	Key Emp	$151,912	$4,059	$155,971
JOCEYLN S MEYER	DIRECTOR, REG-ENT	40.00	Highest	$139,581	$44,540	$184,121
LISA HOLMAN	DIRECTOR, FINANCIAL OPERATIONS	20.00	Highest	$73,029	$29,990	$176,048
CHRISTINA M MAGGIO	DIRECTOR, COMMUNICATIONS & PUBS	10.00	Highest	$34,063	$28,880	$165,133
NIRAMOL DHEPYASUWAN	DIRECTOR, QUALITY & PERFORMANCE	40.00	Highest	$133,247	$28,654	$161,901
KEVIN M PHILLIPS	SR. WEB DEVELOPER	20.00	Highest	$59,401	$27,088	$145,890

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$8,436,243	$11,752,684	$25,485,106	$-3,316,441
2022	$13,350,389	$10,440,648	$27,299,205	$2,909,741
2021	$5,241,132	$7,123,807	$27,523,099	$-1,882,675
2020	$10,203,100	$10,051,457	$26,515,914	$151,643
2019	$10,007,368	$10,008,621	$27,541,660	$-1,253
2018	$10,520,992	$10,250,641	$27,341,243	$270,351

AMERICAN ACADEMY OF OTOLARYNGOLOGY - HEAD & NECK SURGERY FOUNDATION