UNITED STATES AND CANADIAN ACADEMY… - 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

1913

Legal Domicile

Principal Officer

MELISSA RUSSO

Phone

7603276777

Tax Period

2024-07-01 to 2025-06-30

UNITED STATES AND CANADIAN ACADEMY OF PATHOLOGY, founded in 1913, is a mid-sized nonprofit that reported $14.7M in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.3M, a strong 23% operating margin.

Mission

THE ACADEMY'S FOCUS IS ON EXCELLENCE IN MEDICAL EDUCATION AND DEDICATION TO THE ADVANCEMENT OF PATHOLOGY TEACHING, PRACTICE, AND RESEARCH.

Program Service Accomplishments

Program 1

Expenses: $9,303,430 Revenue: $7,465,685

THE MAJOR PROGRAM OF THE ACADEMY IS THE ANNUAL CONTINUING EDUCATION MEETING, WHICH SPANS 6 DAYS, HAS APPROXIMATELY 5,000 ATTENDEES AND HAS EXHIBITS AND COURSES. IN ADDITION TO THE MAJOR EDUCATION...

THE MAJOR PROGRAM OF THE ACADEMY IS THE ANNUAL CONTINUING EDUCATION MEETING, WHICH SPANS 6 DAYS, HAS APPROXIMATELY 5,000 ATTENDEES AND HAS EXHIBITS AND COURSES. IN ADDITION TO THE MAJOR EDUCATION MEETINGS, THE ACADEMY ALSO HOLDS MULITPLE ADDITIONAL MEETINGS AT A SMALLER SCALE. ATTENDANCE AT THE OTHER MEETINGS AVERAGE BETWEEN 100 AND 150 MEDICAL PROFESSIONALS. THE ACADEMY ALSO OPEATED AN INTERACTIVE CENTER THROUGHOUT THE YEAR.

Program 2

Expenses: $560,756 Revenue: $1,470,112

THE ACADEMY PUBLISHES TWO SCIENTIFIC JOURNALS (MODERN PATHOLOGY AND LABORATORY INVESTIGATION).

Program 3

Expenses: $201,744 Revenue: $1,951,980

THE ACADEMY OFFERS THE OPPORTUNITY TO OBTAIN CONTINUING EDUCATION CREDITS THROUGH VARIOUS WEB-BASED PROGRAMS.

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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 $1,923,805

Program Service Revenue $10,887,778

Investment Income $1,787,621

Other Revenue $65,069

TOTAL REVENUE $14,664,273

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,250,188

Fundraising Expenses $7,596

Program Expenses $10,065,930

Other Expenses $8,072,665

TOTAL EXPENSES $11,322,853

Year-over-Year Comparison

	2024	2023	Change
Revenue	$14,664,273	$11,790,221	+0.2%
Expenses	$11,322,853	$10,308,173	+0.1%
Net Income	$3,341,420	$1,482,048	+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

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

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

$653,322

Total Directors

Key Employees

$294,906

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICK FLAHERTY	EXEC. VICE P	40.00	Officer	$460,912	$14,078	$474,990
MELISSA RUSSO	INTERIM EXEC	40.00	Officer	$171,171	$7,161	$178,332
CLAIRE KILFOYLE	CHIEF OF EDU	40.00	Key Emp	$283,324	$11,582	$294,906
CHRISTIAN GIANGRECO	DIRECTOR OF	40.00	Highest	$211,104	$8,611	$219,715
CATHERINE KETCHAM	MANAGING EDI	40.00	Highest	$196,562	$6,779	$203,341
ROBIN COSTELLO	DIR. OF CONF	40.00	Highest	$140,435	$5,810	$146,245
BETHANY PHILLIPS	SENIOR ACCOU	40.00	Highest	$101,655	$4,008	$105,663
JASON HORNICK MD PHD	PRESIDENT	1.00	Officer Director	$0	$0	$0
CRISTINA MAGI-GALLUZZI MD PHD	PRESIDENT EL	1.00	Officer Director	$0	$0	$0
MARISA R NUCCI MD	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
STEVEN BILLINGS MD	PAST PRESIDE	1.00	Officer Director	$0	$0	$0
ARIE PERRY MD	SECRETARY	1.00	Officer Director	$0	$0	$0
ANIL PARWANI MD	TREASURER	1.00	Officer Director	$0	$0	$0
DANIEL BRAT MD	BOARD MEMBER	0.50	Director	$0	$0	$0
AMY CHADBURN MD	BOARD MEMBER	0.50	Director	$0	$0	$0
SARAH M DRY MD	BOARD MEMBER	0.50	Director	$0	$0	$0
WILLIAM FAQUIN MD	BOARD MEMBER	0.50	Director	$0	$0	$0
RONDELL GRAHAM MD	BOARD MEMBER	0.50	Director	$0	$0	$0
PEI HUI MD PHD	BOARD MEMBER	0.50	Director	$0	$0	$0
MELINDA E SANDERS MD	BOARD MEMBER	0.50	Director	$0	$0	$0
OLGA K WEINBERG MD	BOARD MEMBER	0.50	Director	$0	$0	$0
MARIA WESTERHOFF MD	BOARD MEMBER	0.50	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
2025	$14,664,273	$11,322,853	$30,800,565	$3,341,420
2024	$11,790,221	$10,308,173	$28,064,014	$1,482,048
2023	$11,784,811	$10,282,278	$26,079,871	$1,502,533
2022	$11,607,843	$10,233,654	$20,874,518	$1,374,189
2021	$7,678,478	$6,752,896	$20,840,840	$925,582
2020	$10,017,146	$9,288,160	$14,356,295	$728,986
2019	$8,849,600	$9,077,452	$13,129,943	$-227,852

UNITED STATES AND CANADIAN ACADEMY OF PATHOLOGY