AMERICAN ACADEMY OF AUDIOLOGY FOUN… - 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

1990

Legal Domicile

Principal Officer

PATRICK GALLAGHER

Phone

7037908466

Tax Period

2023-10-01 to 2024-09-30

AMERICAN ACADEMY OF AUDIOLOGY FOUNDATION, founded in 1990, is a small nonprofit in the Diseases & Disorders sector that reported $244K in total revenue in fiscal year 2023. Revenue surged 120% from the prior year, signaling strong growth momentum. The organization ran a surplus of $90K, a strong 37% operating margin.

Mission

THE MISSION OF THE AMERICAN ACADEMY OF AUDIOLOGY FOUNDATION IS TO PROMOTE PHILANTHROPY IN SUPPORT OF RESEARCH, EDUCATION AND PUBLIC AWARENESS IN AUDIOLOGY AND HEARING SCIENCE.

Program Service Accomplishments

Program 1

Expenses: $26,754

AUDIOLOGY RESEARCH: THE FOUNDATION AWARDS GRANTS FROM $500 TO $10,000 THROUGH SEVERAL RESEARCH AWARD PROGRAMS. SMALL GRANTS ARE MADE TO AUDIOLOGY GRADUATE STUDENTS WHO ARE CONDUCTING RESEARCH AS PART OF THEIR ACADEMIC COURSEWORK, AND LARGER GRANTS ARE MADE TO POST-DOCS IN EARLY STAGES OF THEIR RESEARCH CAREERS IN HEARING AND BALANCE SCIENCE.

Program 2

Expenses: $104,083

EDUCATION: GRANT SUPPORT FOR EDUCATIONAL AND PUBLIC AWARENESS PROGRAMS AND ON-DEMAND WEB SEMINARS, LEADERSHIP CONFERENCES FOR NEXT-GENERATION AND STUDENT LEADERS, TRAVEL AND PROJECT GRANTS FOR...

EDUCATION: GRANT SUPPORT FOR EDUCATIONAL AND PUBLIC AWARENESS PROGRAMS AND ON-DEMAND WEB SEMINARS, LEADERSHIP CONFERENCES FOR NEXT-GENERATION AND STUDENT LEADERS, TRAVEL AND PROJECT GRANTS FOR GRADUATE STUDENTS AND UNIVERSITY CHAPTERS OF THE STUDENT ACADEMY OF AUDIOLOGY, PUBLIC OUTREACH ON HEARING HEALTH AND CONSERVATION, ETC.

Program 3

ACADEMIC SCHOLARSHIPS: THE FOUNDATION FUNDS SCHOLARSHIPS OF $1,000-$5,000 FOR GRADUATE STUDENTS PURSUING AUD AND/OR PHD DEGREES IN HEARING SCIENCE AT U.S. UNIVERSITIES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $204,988

Program Service Revenue $0

Investment Income $31,482

Other Revenue $7,262

TOTAL REVENUE $243,732

Expense Breakdown

Grants Paid $114,733

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $130,837

Other Expenses $38,844

TOTAL EXPENSES $153,577

Year-over-Year Comparison

	2023	2022	Change
Revenue	$243,732	$110,994	+1.2%
Expenses	$153,577	$160,095	0.0%
Net Income	$90,155	$-49,101	-2.8%

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

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

$303,909

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TRICIA SCAGLIONE AUD	CHAIR	10.00	Officer Director	$0	$0	$0
DEVON WEIST AUD	CHAIR-ELECT	10.00	Officer Director	$0	$0	$0
VIRGINIA RAMACHANDRAN	EX-OFFICIO	2.00	Director	$0	$0	$0
BETTIE BORTON AUD	SECRETARY/TREASURER	10.00	Officer Director	$0	$0	$0
R HOPE GILLISON AUD	TRUSTEE	3.00	Director	$0	$0	$0
DEVIN MCCASLIN	TRUSTEE	3.00	Director	$0	$0	$0
ANNA JILLA AUD PHD	TRUSTEE	3.00	Director	$0	$0	$0
EMILY NAIRN AUD	TRUSTEE	3.00	Director	$0	$0	$0
CARMEN LANDRY AUD	TRUSTEE	3.00	Director	$0	$0	$0
BOPANNA BALLACHANDA PHD	TRUSTEE	3.00	Director	$0	$0	$0
JESSICA MESSERSMITH PHD	PAST CHAIR	10.00	Officer Director	$0	$0	$0
PATRICIA MAZZULLO AUD	EX-OFFICIO	2.00	Director	$0	$0	$0
SARAH MCALEXANDER AUD CCC-A ABAC	TRUSTEE	3.00	Director	$0	$0	$0
LINDEE ALVAREZ	EX-OFFICIO	2.00	Director	$0	$0	$0
PATRICK GALLAGHER	EXECUTIVE DIRECTOR	4.00	Officer	$0	$35,535	$303,909

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	$243,732	$153,577	$1,169,131	$90,155
2023	$110,994	$160,095	$887,458	$-49,101
2022	$241,317	$133,678	$907,481	$107,639
2021	$147,081	$171,198	$968,349	$-24,117
2020	$219,995	$213,465	$908,472	$6,530
2019	$131,251	$110,390	$850,220	$20,861
2018	$157,304	$173,200	$816,083	$-15,896

AMERICAN ACADEMY OF AUDIOLOGY FOUNDATION