AMERICAN ACADEMY OF ADDICTION PSYCHIATRY INC

EIN: 521460623 501(c)(3) Diseases & Disorders

EAST PROVIDENCE, RI

Total Revenue
$22,838,117
Total Expenses
$22,712,752
Total Assets
$5,754,453
Net Assets
$3,107,512
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1985
Legal Domicile
RI
Principal Officer
KATHRYN CATES-WESSEL
Phone
4015243076
Tax Period
2024-06-01 to 2025-05-31

AMERICAN ACADEMY OF ADDICTION PSYCHIATRY INC, founded in 1985, is a mid-sized nonprofit in the Diseases & Disorders sector that reported $22.8M in total revenue in fiscal year 2024. Revenue decreased 5% compared to the prior year.

Mission

TO PROMOTE HIGH QUALITY EVIDENCE-BASED SCREENING, ASSESSMENT AND TREATMENT FOR SUBSTANCE USE DISORDERS AND CO-OCCURRING MENTAL DISORDERS AND TO STRENGTHEN ADDICTION PSYCHIATRY SPECIALTY TRAINING AND EDUCATION.

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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 $22,086,237
Program Service Revenue $524,237
Investment Income $63,217
Other Revenue $164,426
TOTAL REVENUE $22,838,117

Expense Breakdown

Grants Paid $15,247,424
Salaries & Benefits $3,144,063
Fundraising Expenses $0
Program Expenses $20,950,396
Other Expenses $4,321,265
TOTAL EXPENSES $22,712,752

Year-over-Year Comparison

2024 2023 Change
Revenue $22,838,117 $24,133,840 -0.1%
Expenses $22,712,752 $24,575,616 -0.1%
Net Income $125,365 $-441,776 -1.3%
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

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Liquidity & Cash Position

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Governance

Voting Members
28
Independent Members
16
Employees
28
Volunteers
N/A

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
7
$373,014
Total Directors
31
$278,175
Key Employees
0
$0
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN MARIANI MD PRESIDENT 0.50
Officer Director
$0 $0 $0
TIM FONG MD PRESIDENT ELECT 0.50
Officer Director
$0 $0 $0
REBECCA A PAYNE MD VICE PRESIDENT 0.50
Officer Director
$0 $0 $0
KEVIN GRAY MD TREASURER 0.50
Officer Director
$0 $0 $0
CAROL WEISS MD SECRETARY 0.50
Officer Director
$0 $0 $0
KATHRYN L CATES-WESSEL CHIEF EXECUTIVE OFFICER 40.00
Officer Director
$278,175 $0 $278,175
JOSE VITO MD MEMBER AT LARGE 0.50
Director
$0 $0 $0
LARISSA MOONEY MD IMMEDIATE PAST PRESIDENT 0.50
Director
$0 $0 $0
KEVIN A SEVARINO MD PHD DIRECTOR 0.50
Director
$0 $0 $0
ALENA BALASANOVA MD DIRECTOR 0.50
Director
$0 $0 $0
TOM KOSTEN MD DIRECTOR 0.50
Director
$0 $0 $0
DANAE DIROCCO MD MPH DIRECTOR 0.50
Director
$0 $0 $0
FRANCES R LEVIN MD DIRECTOR 0.50
Director
$0 $0 $0
CARLA MARIENFELD MD DIRECTOR 0.50
Director
$0 $0 $0
SANCHIT MARUTI MD DIRECTOR 0.50
Director
$0 $0 $0
ISMENE PETRAKIS MD DIRECTOR 0.50
Director
$0 $0 $0
JOHN A RENNER JR MD DIRECTOR 0.50
Director
$0 $0 $0
LAURENCE M WESTREICH MD DIRECTOR 0.50
Director
$0 $0 $0
DAVID MARCOVITZ MD DIRECTOR 0.50
Director
$0 $0 $0
DAVID LOTT MD DIRECTOR 0.50
Director
$0 $0 $0
ELIE AOUN MD DIRECTOR 0.50
Director
$0 $0 $0
ADINA BOWE MD DIRECTOR 0.50
Director
$0 $0 $0
JENNIFER CREEDON MD DIRECTOR 0.50
Director
$0 $0 $0
INBAL GAFNI MD DIRECTOR 0.50
Director
$0 $0 $0
JOSEPH LIBERTO MD DIRECTOR 0.50
Director
$0 $0 $0
LEWEI LIN MD DIRECTOR 0.50
Director
$0 $0 $0
STANLEY NKEMJIKA MD MPH DIRECTOR 0.50
Director
$0 $0 $0
ALEXIS RITVO MD MPH DIRECTOR 0.50
Director
$0 $0 $0
CORNEL STANCIU MD CPE MRO DIRECTOR 0.50
Director
$0 $0 $0
ALFRED TAGER MD MPH DIRECTOR 0.50
Director
$0 $0 $0
JUSTINE WELSH MD DIRECTOR 0.50
Director
$0 $0 $0
MICHAEL STUARD DIRECTOR OF FINANCE 40.00
Officer
$94,839 $0 $94,839
KERRI HAYES CO-PROJECT DIRECTOR 40.00
Highest
$165,610 $0 $165,610
MICHELLE DIRST ASSOCIATE EXECUTIVE DIRECT 40.00
Highest
$189,433 $0 $189,433
NICOLAS CANNING SR. DIR COMMUNICATION & MARKETING 1.00
Highest
$114,547 $0 $114,547
COURTNEY MCCUSKER DATA ANALYST 1.00
Highest
$100,293 $0 $100,293
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 $22,838,117 $22,712,752 $5,754,453 $125,365
2024 $24,133,840 $24,575,616 $7,182,308 $-441,776
2023 $19,189,683 $19,099,542 $6,629,345 $90,141
2022 $18,490,660 $18,134,509 $7,190,906 $356,151
2021 $16,447,538 $15,956,344 $4,613,995 $491,194
2020 $14,377,035 $14,336,416 $3,498,463 $40,619
2019 $11,159,863 $10,873,744 $3,381,337 $286,119
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