AMERICAN ASSOCIATION FOR GERIATRIC… - 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

1995

Legal Domicile

Principal Officer

SAUMYA BHUTANI MD

Phone

6153242365

Tax Period

2024-01-01 to 2024-12-31

AMERICAN ASSOCIATION FOR GERIATRIC PSYCHIATRY, founded in 1995, is a community nonprofit in the Mental Health sector that reported $1.8M in total revenue in fiscal year 2024. Revenue surged 20% from the prior year, signaling strong growth momentum. Expenses of $2.2M exceeded revenue, resulting in a 21% operating deficit.

Mission

WE ARE THE COMMUNITY OF GERIATRIC PSYCHIATRISTS, HEALTH PROFESSIONALS, SCIENTISTS, AND ADVOCATES COMMITTED TO IMPROVING MENTAL HEALTH CARE AND WELLNESS IN AGING ADULTS.

Program Service Accomplishments

Program 1

Expenses: $670,555 Revenue: $674,960

ANNUAL MEETING AND EDUCATION: THE ASSOCIATIONS ANNUAL MEETING IS A NATIONAL CONFERENCE THAT BRINGS TOGETHER PSYCHIATRISTS AND OTHER HEALTH CARE PROVIDERS RESPONSIBLE FOR THE CARE OF OLDER ADULTS WITH MENTAL HEALTH DISORDERS. THIS MEETING PROVIDES THE OPPORTUNITY FOR COLLABORATION, EDUCATIONAL EVENTS, ACCESS TO NEW MATERIALS AND INFORMATION, RESEARCH RESULTS AND PRESENTATIONS, AND ACCESS TO EXPERTS IN THE FIELD OF GERIATRIC PSYCHIATRY. THE ASSOCIATION SPONSORS A SCHOLARS PROGRAM FOR MEDICAL RESIDENTS AND MEDICAL STUDENTS TO SUPPORT TRAVEL TO THE MEETING, AS WELL AS ACCREDITED CONTINUED EDUCATION PROGRAMS FOR PROFESSIONALS. THE ASSOCIATION PRODUCES ONLINE EDUCATIONAL PROGRAMS, AND PUBLICATIONS OUTLINING TREATMENT GUIDELINES FOR PATIENTS, REIMBURSEMENT AND PRACTICE MANAGEMENT UPDATES, REVIEWS TO PREPARE FOR THE GERIATRIC PSYCHIATRY SPECIALTY EXAM, AND SELFGUIDED SELF-ASSESSMENT PROGRAMS.

Program 2

Expenses: $369,323 Revenue: $421,755

MEMBERSHIP SERVICES THE ASSOCIATION PROVIDES: CONVENIENT ELECTRONIC SERVICES TO ITS MEMBERS SUCH AS A ROBUST WEBSITE, LISTSERVES, ANNUAL SURVEYS, ONLINE REGISTRATIONS AND DUES RENEWAL, ELECTRONIC...

MEMBERSHIP SERVICES THE ASSOCIATION PROVIDES: CONVENIENT ELECTRONIC SERVICES TO ITS MEMBERS SUCH AS A ROBUST WEBSITE, LISTSERVES, ANNUAL SURVEYS, ONLINE REGISTRATIONS AND DUES RENEWAL, ELECTRONIC BALLOTING, ONLINE DIRECTORY, PUBLICATIONS, NOTIFICATIONS OF UPCOMING EVENTS AND OPPORTUNITIES, CAREER JOB POSTINGS AND OPPORTUNITIES, AS WELL AS MEETING MATERIALS. AAGP SCHOLARS PROGRAM: THE ASSOCIATION PROVIDES SCHOLARSHIP FUNDING FOR ELIGIBLE MEDICAL STUDENTS AND PSYCHIATRY RESIDENTS TO ATTEND THE AAGP ANNUAL MEETING AND SUPPORTS A SPECIAL EDUCATIONAL PROGRAM FOR TRAINEES DURING THE MEETING. THE AIM OF THE SCHOLARS PROGRAM IS TO ENCOURAGE TRAINEES TO PURSUE SPECIALIZED TRAINING IN GERIATRIC PSYCHIATRY TO MEET THE MENTAL HEALTH NEEDS OF THE EXPANDING POPULATION OF OLDER AMERICANS. LEADERSHIP: THE LEADERSHIP OF THE ASSOCIATION MEETS PERIODICALLY TO HELP SHAPE THE FUTURE OF THE ASSOCIATION AND THE FIELD OF GERIATRIC PSYCHIATRY.

Program 3

Expenses: $47,093 Revenue: $100,000

THE ASSOCIATION PROVIDES MEMBERS AND HEALTHCARE PROFESSIONALS WITH UP-TO-DATE INFORMATION IN GERIATRIC PSYCHIATRY THROUGH ITS MONTHLY PEER-REVIEWED JOURNAL, THE AMERICAN JOURNAL OF GERIATRIC...

THE ASSOCIATION PROVIDES MEMBERS AND HEALTHCARE PROFESSIONALS WITH UP-TO-DATE INFORMATION IN GERIATRIC PSYCHIATRY THROUGH ITS MONTHLY PEER-REVIEWED JOURNAL, THE AMERICAN JOURNAL OF GERIATRIC PSYCHIATRY, FEATURING EVIDENCE-BASED RESEARCH. IT ALSO OFFERS CONSUMER EDUCATION AND CAREGIVER RESOURCES, INCLUDING PAMPHLETS AND REFERRALS. ADDITIONALLY, THE ASSOCIATION DEVELOPED THE INTERNET GERIATRIC PSYCHIATRY SELF-ASSESSMENT PROGRAM (IGPSAP), A SELF-STUDY TOOL BASED ON CURRENT MEDICAL LITERATURE FOR PSYCHIATRISTS CONTINUING EDUCATIONNOT INTENDED AS AN EXAM.

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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 (2024)

Revenue Breakdown

Contributions & Grants $508,248

Program Service Revenue $1,209,510

Investment Income $71,167

Other Revenue $0

TOTAL REVENUE $1,788,925

Expense Breakdown

Grants Paid $54,690

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,086,971

Other Expenses $2,102,967

TOTAL EXPENSES $2,157,657

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,788,925	$1,485,859	+0.2%
Expenses	$2,157,657	$1,679,839	+0.3%
Net Income	$-368,732	$-193,980	+0.9%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SANDRA SWANTEK	PRESIDENT	2.00	Officer Director	$0	$0	$0
HELEN LAVRETSKY	PAST PRESIDENT	2.00	Officer Director	$0	$0	$0
ELIZABETH J SANTOS	PRESIDENT ELECT	2.00	Officer Director	$0	$0	$0
STEVE HUEGE	SECRETARY-TREASURER	2.00	Officer Director	$0	$0	$0
SUSAN MAIXNER	SECRETARY-TREASURER ELECT	2.00	Officer Director	$0	$0	$0
SAUMYA BHUTANI	MIT BOARD MEMBER CHAIR	2.00	Officer Director	$0	$0	$0
KRISTA L LANCTOT	DIRECTOR	1.00	Director	$0	$0	$0
EBONY DIX	DIRECTOR	1.00	Director	$0	$0	$0
JORDAN KARP	DIRECTOR	1.00	Director	$0	$0	$0
DEBORAH THEIS	DIRECTOR	1.00	Director	$0	$0	$0
JULIE A DUMAS	COMMITTEE CHAIR	1.00	Director	$0	$0	$0
ALI A ASGHAR-ALI	COMMITTEE CHAIR	1.00	Director	$0	$0	$0
KATHLEEN ROGERS	COMMITTEE CHAIR	1.00	Director	$0	$0	$0
JWALANT KUMAR VADALIA	COMMITTEE CHAIR	1.00	Director	$0	$0	$0
DEENA TAMPI	COMMITTEE CHAIR	1.00	Director	$0	$0	$0
GAURI KHATKHATE	COMMITTEE CHAIR	1.00	Director	$0	$0	$0
MICHELLE CONROY	COMMITTEE CHAIR	1.00	Director	$0	$0	$0
BRANDON C YARNS	COMMITTEE CHAIR	1.00	Director	$0	$0	$0
AARON GREENSTEIN	COMMITTEE CHAIR	1.00	Director	$0	$0	$0
MELINDA S LANTZ	COMMITTEE CHAIR	1.00	Director	$0	$0	$0
KRISTINA ZDANYS	COMMITTEE CHAIR	1.00	Director	$0	$0	$0
AUDRA YADACK	COMMITTEE CHAIR	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	$1,788,925	$2,157,657	$1,571,531	$-368,732
2023	$1,485,859	$1,679,839	$1,732,120	$-193,980
2022	$1,233,980	$1,436,017	$1,758,830	$-202,037
2021	$1,146,470	$974,540	$2,002,680	$171,930
2020	$944,248	$867,907	$1,836,209	$76,341
2019	$1,418,305	$1,227,928	$1,767,415	$190,377
2018	$1,488,930	$1,271,723	$1,716,896	$217,207

AMERICAN ASSOCIATION FOR GERIATRIC PSYCHIATRY