ASCO ASSOCIATION

EIN: 833561693 Community Improvement

ALEXANDRIA, VA

Total Revenue
$17,408,296
Total Expenses
$15,055,745
Total Assets
$5,377,567
Net Assets
$-6,833,409
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
VA
Principal Officer
CLIFFORD HUDIS MD CEO
Phone
5714831300
Tax Period
2023-01-01 to 2023-12-31

ASCO ASSOCIATION, founded in 2019, is a mid-sized nonprofit in the Community Improvement sector that reported $17.4M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $15.1M left a modest 14% surplus.

Mission

ASCO ASSOCIATION PROMOTES THE COMMON BUSINESS INTERESTS OF ITS MEMBERS BY: (1) ADVOCATING FOR POLICIES THAT IMPROVE THE QUALITY OF CANCER CARE; (2) MAINTAINING THE HIGHEST STANDARDS OF ONCOLOGY MEDICAL CARE THROUGH PROGRAMS SUPPORTING EDUCATION, (CONTINUED IN SCHEDULE O) RESEARCH, AND QUALITY IMPROVEMENT; AND (3) INCREASING AWARENESS AMONG THE MEDICAL COMMUNITY, PATIENTS, AND THE PUBLIC OF CHALLENGES FACED BY ONCOLOGY MEDICAL PROFESSIONALS THAT MAY AFFECT QUALITY OF CANCER CARE.

Program Service Accomplishments

Program 1

:MEMBER SERVICES: THE ASSOCIATION WORKS TO SUPPORT AND EDUCATE ITS GLOBAL NETWORK OF NEARLY 45,000 ONCOLOGY PROFESSIONAL MEMBERS, MAINTAINING ONLINE FORUMS THAT ALLOW MEMBERS TO DISCUSS ISSUES OF...

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:MEMBER SERVICES: THE ASSOCIATION WORKS TO SUPPORT AND EDUCATE ITS GLOBAL NETWORK OF NEARLY 45,000 ONCOLOGY PROFESSIONAL MEMBERS, MAINTAINING ONLINE FORUMS THAT ALLOW MEMBERS TO DISCUSS ISSUES OF PROFESSIONAL INTEREST, SUPPORTING INTERNATIONAL REGIONAL COUNCILS, AND RECRUITING MEMBERS FOR, AND TRACKING PARTICIPATION IN, VOLUNTEER ACTIVITIES RELATED TO THE ASSOCIATION, INCLUDING SERVING ON COMMITTEES.

Program 2

:ACCREDITATION & CERTIFICATION: THE ASSOCIATION CONDUCTS AN ACCREDITATION PROGRAM THAT PROMOTES THE PRACTICE OF ITS MEMBERS BY MAINTAINING AND IMPROVING THE QUALITY OF MEDICAL CARE AVAILABLE TO THE...

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:ACCREDITATION & CERTIFICATION: THE ASSOCIATION CONDUCTS AN ACCREDITATION PROGRAM THAT PROMOTES THE PRACTICE OF ITS MEMBERS BY MAINTAINING AND IMPROVING THE QUALITY OF MEDICAL CARE AVAILABLE TO THE PUBLIC AND MAINTAINING HIGH STANDARDS OF EXCELLENCE IN ONCOLOGY.THE QUALITY ONCOLOGY PRACTICE INITIATIVE (QOPI) CERTIFICATION PROGRAM ("QCP") PROVIDES A THREE-YEAR CERTIFICATION RECOGNIZING HIGH-QUALITY AND SAFE CARE FOR OUTPATIENT HEMATOLOGY-ONCOLOGY PRACTICES. THE QCP STANDARDS WERE ADAPTED FROM THE CHEMOTHERAPY ADMINISTRATION SAFETY STANDARDS CODEVELOPED BY ASCO AND THE ONCOLOGY NURSING SOCIETY (ONS). THEY ARE INTENDED TO PROVIDE SAFTEY TO BOTH PATIENTS AND THE CARE DELIVERY STAFF BY REDUCING THE RISK OF ERRORS AND PROMOTING THE SAFE HANDLING OF CHEMOTHERAPY AGENTS. PARTICIPATING PRACTICES RECEIVE SITE SURVEYS BY EXPERIENCED ONCOLOGY PROFESSIONALS TO ASSESS COMPLIANCE WITH ALL QCP STANDARDS THROUGH INTERVIEWS, OBSERVATION, AND MEDICAL RECORD REVIEWS. PARTICIPANTS RECEIVE REPORTS DOCUMENTING THEIR LEVEL OF COMPLIANCE WITH EACH CERTIFICATION STANDARD AND MAKING RECOMMENDATIONS OR REQUIREMENTS FOR IMPROVED CARE. QCP CERTIFICATION RECOGNIZES HIGH PERFORMING PRACTICES AND IS NOT REQUIRED FOR ANY PROFESSIONAL LICENSING, NOR IS IT REQUIRED OF THE ASSOCIATION'S MEMBERS. 273 HEMATOLGY-ONCOLOGY PRACTICES ARE ACTIVELY CERTIFIED IN 2023.THE ASSOCIATION LAUNCHED A NEW QUALITY CERTIFICATION PROGRAM IN 2023, ASCO CERTIFIED. THIS CERTIFICATION RECOGNIZES PATIENT CENTERD CANCER CARE DELIVERY ADHERING TO THE ONCOLOGY MEDICAL HOME STANDARDS CODEVELOPED BY ASCO AND THE COMMUNITY ONCOLGY ALLIANCE (COA). SIMILAR TO QCP, PARTICIPATING PRACTICES RECEIVE SITE SURVEYS BY EXPERIENCED ONCOLOGY PROFESSIONALS TO ASSESS COMPLIANCE WITH ALL ASCO CERTIFIED STANDARDS THROUGH INTERVIEWS, OBSERVATION, AND MEDICAL RECORD REVIEWS. PARTICIPANTS RECEIVE REPORTS DOCUMENTING THEIR LEVEL OF COMPLIANCE WITH EACH CERTIFICATION STANDARD AND MAKING RECOMMENDATIONS OR REQUIREMENTS FOR IMPROVED CARE. ONCE CERTIFIED PARTICANTS ARE MONITORED ANNUALLY FOR CONTINUOUS QAUALITY IMPROVEMENT AND RESURVEYED EVERY 3 YEARS. ASCO CERTIFIED IS NOT REQUIRED FOR ANY PROFESSIONAL LICENSING, NOR IS IT REQUIRED OF THE ASSOCIATION'S MEMBERS. 12 HEMATOLOGY-ONCOLOGY PRACTICES ACHIEVED CERTIFICATION IN 2023.

Program 3

:ADVOCACY: THE ASSOCIATION'S ADVOCACY WORK FOCUSES ON ASSURING HIGH-QUALITY CARE FOR ALL PATIENTS WITH CANCER. WORKING WITH VOLUNTEER MEMBERS AND AFFILIATED STATE AND REGIONAL ONCOLOGY SOCIETIES...

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:ADVOCACY: THE ASSOCIATION'S ADVOCACY WORK FOCUSES ON ASSURING HIGH-QUALITY CARE FOR ALL PATIENTS WITH CANCER. WORKING WITH VOLUNTEER MEMBERS AND AFFILIATED STATE AND REGIONAL ONCOLOGY SOCIETIES, ASCO ENGAGES WITH THE ADMINISTRATION, CONGRESS, AND STATE LAWMAKERS TO ADDRESS ISSUES OF CRITICAL IMPORTANCE TO CANCER CARE AND RESEARCH. THE ASSOCIATION'S ADVOCACY PORTFOLIO INCLUDES CLINICAL RESEARCH, INSURANCE, CLINICAL PRACTICE, WORKFORCE, DISPARITIES, COST AND ACCESS, SURVIVORSHIP, AND CANCER PREVENTION. ADVOCACY ACTIVITIES INCLUDE TRACKING, ANALYZING, AND INFLUENCING PENDING LEGISLATION AND REGULATIONS, AND EDUCATING BOTH MEMBERS AND POLICYMAKERS ABOUT THE IMPACT OF POLICY ON CANCER PATIENTS, CLINICIANS, AND CLINICAL RESEARCH. IN 2023, ASCO WAS INVITED TO TESTIFY BEFORE THE HOUSE ENERGY AND COMMERCE COMMITTEE, THE HOUSE WAYS AND MEANS COMMITTEE, AND THE SENATE FINANCE COMMITTEE ON ISSUE OF IMPORTANCE TO CANCER CARE AND RESEARCH, INCLUDING THE DRUG SHORTAGE CRISIS AND THE NEED TO SUSTAIN A NATIONAL RESEARCH ENTERPRISE.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $933,505
Program Service Revenue $16,132,753
Investment Income $134,364
Other Revenue $207,674
TOTAL REVENUE $17,408,296

Expense Breakdown

Grants Paid $138,592
Salaries & Benefits $7,273,510
Fundraising Expenses $0
Other Expenses $7,643,643
TOTAL EXPENSES $15,055,745

Year-over-Year Comparison

2023 2022 Change
Revenue $17,408,296 $15,448,005 +0.1%
Expenses $15,055,745 $14,306,730 +0.1%
Net Income $2,352,551 $1,141,275 +1.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
11
Independent Members
11
Employees
47
Volunteers
4011

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
$2,005,271
Total Directors
17
$0
Key Employees
2
$652,110
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
EVERETT E VOKES MD BOARD CHAIR (PARTIAL YEAR) 1.00
Officer Director
$0 $0 $0
LORI J PIERCE MD BOARD CHAIR (PARTIAL YEAR) 1.00
Officer Director
$0 $0 $0
BRIAN EDWARD PERSING MD TREASURER (PARTIAL YEAR) 1.00
Officer Director
$0 $0 $0
JASON R WESTIN MD MS TREASURER (PARTIAL YEAR) 1.00
Officer Director
$0 $0 $0
ETHAN M BASCH MD MSC BOARD MEMBER (PARTIAL YEAR) 1.00
Director
$0 $0 $0
LISA A CAREY MD BOARD MEMBER (PARTIAL YEAR) 1.00
Director
$0 $0 $0
XYLINA T GREGG MD BOARD MEMBER (PARTIAL YEAR) 1.00
Director
$0 $0 $0
TARA O HENDERSON MD MPH BOARD MEMBER (PARTIAL YEAR) 1.00
Director
$0 $0 $0
ELIZABETH A MITTENDORF MD PHD MHC BOARD MEMBER (PARTIAL YEAR) 1.00
Director
$0 $0 $0
TAOFEEK K OWONIKOKO MD PHD BOARD MEMBER (PARTIAL YEAR) 1.00
Director
$0 $0 $0
ELIZABETH R PLIMACK MD MS BOARD MEMBER 1.00
Director
$0 $0 $0
LYNN M SCHUCHTER MD BOARD MEMBER 1.00
Director
$0 $0 $0
ENRIQUE SOTO PEREZ DE CELIS MD MSC BOARD MEMBER (PARTIAL YEAR) 1.00
Director
$0 $0 $0
PIYUSH SRIVASTAVA MD BOARD MEMBER (PARTIAL YEAR) 1.00
Director
$0 $0 $0
MICHAEL A THOMPSON MD PHD BOARD MEMBER (PARTIAL YEAR) 1.00
Director
$0 $0 $0
ERIC P WINER MD BOARD MEMBER 1.00
Director
$0 $0 $0
ROBIN ZON MD BOARD MEMBER (PARTIAL YEAR) 1.00
Director
$0 $0 $0
CLIFFORD A HUDIS CEO 1.00
Officer
$0 $24,750 $1,085,551
LINDA A JENSEN CFO 1.00
Officer
$0 $42,792 $520,324
MELISSA TAI SECRETARY 8.00
Officer
$0 $49,281 $399,396
KRISTA BARNES VICE PRESIDENT, MEMBER SERVICES 19.00
Key Emp
$302,663 $47,169 $349,832
JENNIFER BRUNELLE CHIEF ADVOCACY OFFICER 37.50
Key Emp
$258,709 $43,569 $302,278
KAREN HAGERTY CHIEF REGULATORY AFFAIRS OFFICER 37.50
Highest
$245,179 $26,560 $271,739
RONDA BOWMAN SENIOR DIRECTOR, QCP 37.50
Highest
$213,046 $30,341 $243,387
TERRY COX DIRECTOR, AFFILIATE RELATIONS 37.50
Highest
$161,700 $30,417 $192,117
SHIMERE SHERWOOD DIRECTOR, SCIENCE & RESEARCH POLICY 37.50
Highest
$174,380 $12,375 $186,755
KRISTINE RUFENER DIRECTOR, CONGRESSIONAL AFFAIRS 37.50
Highest
$161,472 $37,044 $198,516
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 No data No data No data No data
2023 $17,408,296 $15,055,745 $5,377,567 $2,352,551
2022 $15,448,005 $14,306,730 $4,082,175 $1,141,275
2021 $14,262,965 $12,531,043 $7,233,977 $1,731,922
2020 $14,116,561 $15,004,212 $5,491,917 $-887,651
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