Association Of Academic Health Cent Ers Inc
- Assets
- $0.0
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 11
- Location
- Washington, DC
- Founding
- 08/1972
- Data as of
- 03/2022
- EIN
- 52-0940978
Organization Overview
Association Of Academic Health Cent Ers Inc, operating under the name Aahc, is located in Washington, DC. The organization was established in 1972. As of 03/2022, Aahc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Aahc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 03/2022, Aahc generated $2.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.0%) each year. All expenses for the organization totaled $3.4m during the year ending 03/2022. As we would expect to see with falling revenues, expenses have declined by (2.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
LEAD OUR MEMBERS AS THEY TRANSFORM, ADAPT, AND THRIVE IN THE CHANGING HEALTHCARE LANDSCAPE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERSHIP - SUPPORTING THE NETWORK OF LEADERS FROM MEMBER INSTITUTIONS.
COMMUNICATIONS - AAHC RESOURCES INCLUDE BOOKS, ISSUE BRIEFS, TOOLKITS, AND FACT SHEETS COVERING A WIDE VARIETY OF TOPICS RELEVANT TO ACADEMIC HEALTH CENTERS.
MEETINGS - CONVENE LEADERS IN NATIONAL AND INTERNATIONAL HEALTHCARE TO SHARE INFORMATION, AND ENHANCE LEADERSHIP EFFECTIVENESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Kanter President, CEO | Officer | 35 | $847,605 |
Elizabeth Gemoets Chief Operating Officer | Officer | 35 | $299,401 |
Christine Kahler Director Of Member Program | 35 | $125,676 | |
Robert N Golden MD Immediate Past Chair | OfficerTrustee | 1 | $0 |
Robert A Barish MD MBA Chair | OfficerTrustee | 1 | $0 |
Michael L Good MD Chair-Elect | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $270,188 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $270,188 |
| Total Program Service Revenue | $2,301,782 |
| Investment income | $102,913 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,699,914 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,275,055 |
| Compensation of current officers, directors, key employees. | $366,238 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $965,659 |
| Pension plan accruals and contributions | $89,253 |
| Other employee benefits | $63,459 |
| Payroll taxes | $91,760 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $43,050 |
| Fees for services: Accounting | $112,879 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $26,639 |
| Fees for services: Other | $117,549 |
| Advertising and promotion | $0 |
| Office expenses | $62,965 |
| Information technology | $80,721 |
| Royalties | $0 |
| Occupancy | $240,132 |
| Travel | $5,801 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $27,122 |
| Insurance | $16,135 |
| All other expenses | $12 |
| Total functional expenses | $3,373,688 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $0 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Association Of Academic Health Cent Ers Inc has recieved totaling $50,000.
| Awarding Organization | Amount |
|---|---|
Sullivan Family Foundation Atlanta, GA PURPOSE: GENERAL OPERATIONS | $50,000 |
Endowment Analysis
| Beg. Balance | $165,906 |
| Earnings | $1,537 |
| Ending Balance | $167,443 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Association Of Colleges Of Osteopathic Medicine Bethesda, MD | $36,309,153 | $18,698,103 |
University Of Maryland Neurosurgery Associates P A Baltimore, MD | $2,035,555 | $8,965,908 |
University Of Virginia Medical School Foundation Charlottesville, VA | $123,889,244 | $8,950,640 |
Association Of Academic Health Cent Ers Inc Washington, DC | $0 | $2,699,914 |
American Association Of Colleges Of Podiatric Medicine Rockville, MD | $2,077,010 | $1,554,305 |
Association Of Medical School Pediatric Department Chairman Inc Mclean, VA | $1,537,754 | $550,439 |
American College Of Nuclear Medicine Inc Reston, VA | $203,270 | $0 |
Eastern Orthopaedic Educational Towson, MD | $1,588,277 | $101,856 |
Norfolk Academy Of Medicine Norfolk, VA | $49,715 | $0 |