UNITED STATES AND CANADIAN ACADEMY OF PATHOLOGY

EIN: 581699712 501(c)(3)

PALM SPRINGS, CA

Total Revenue
$14,664,273
Total Expenses
$11,322,853
Total Assets
$30,800,565
Net Assets
$20,681,093
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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
DC
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

EXCELLENCE AND ADVANCEMENT IN MEDICAL EDUCATION AND PATHOLOGY TEACHING, PRACTICE AND RESEARCH.

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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 $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

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Governance

Voting Members
15
Independent Members
15
Employees
19
Volunteers
15

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
8
$653,322
Total Directors
15
$0
Key Employees
1
$294,906
Highest Compensated
4
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
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