Access to Advanced Health Institute
Nonprofit profile at a glance
- EIN
- 911608978
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024, Form 990-T 2023
- Location
- Seattle, WA, USA
- Phone
- 2063810883
- Rating
- 56
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Specifically Named Diseases Research
Reported finances
- Revenue
- $18,401,417
- Expenses
- $35,765,271
- Assets
- $20,385,832
- Liabilities
- $12,708,130
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
26 people listed
Executive titles in this filing
- COREY CASPER (CEO, PRESIDE)
- KEELEY FOLEY (INTERIM CEO)
Highest reported compensation
- CANDICE DECAIRE (CHIEF STRATE): $634,562 total reported compensation
- COREY CASPER (CEO, PRESIDE): $516,143 total reported compensation
- JERRY KUO (CFO/COO): $396,150 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The corporation is organized exclusively for charitable, scientific, literacy or educational purposes, within the meaning of section 501(c)(3) of the internal revenue code of 1986, as hereafter amended (the "code"). The specific purpose is research in the field of infectious diseases and cancers and the development of vaccines, therapeutics, and diagnostics for such diseases, and to take such other actions, either directly or through other organizations, as are consistent with these purposes and with its tax- exempt status under section 501(c)(3).
What it reported doing in 2024
Formulations - adjuvants are immune-stimulating molecules that enhance the immune system. Aahi adjuvant formulations are used for vaccine development in diseases such as tb, HIV, malaria and other infectious diseases.
Operating model
- Revenue model
- Donor-supported. 68% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of total spending goes to programs and few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.
Rating breakdown
- Financial Efficiency: 51
- Transparency & Controls: 65
- Accountability: 69
- Sustainability: 10
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 70.1%; rating input score 70
- Program expense ratio: 35.8%; rating input score 36
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 62.5%; rating input score 62; 10th percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -94.4%; rating input score 1; 1st percentile among comparable filings
- Total-asset coverage ratio: 0.57; rating input score 19; 19th percentile among comparable filings
- Liabilities to assets ratio: 0.62; rating input score 21; 21st percentile among comparable filings
- Officer compensation ratio: 11.8%; rating input score 14; 14th percentile among comparable filings
Growth
- Program expense growth: -4.1% per year; rating input score 0; 4th percentile among comparable filings
- Revenue growth: 3.9% per year; rating input score 100; 34th percentile among comparable filings
- Asset growth: -4.5% per year; rating input score 0; 3rd percentile among comparable filings
Details
- Where the money goes: 70.1% of revenue deployed · 35.8% of spending went to programs
- Governance: 5 of 8 board members independent · 7 of 9 filing controls reported
- Programs: 4 filed program accomplishments · $12.8M in reported program spending
- Leadership: top reported pay $635K · 26 people listed · 0 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $1.1M reported
- Consistency: 26 of 26 current checks pass
- Schedules: 7 filed schedules · includes major donors and executive pay
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 19 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- Moderate — Financial Efficiency: Program expense ratio scored 36/100.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- High — Sustainability: Operating margin scored 1/100.
- High — Growth: Program expense growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 19/100.
- Review — Accountability: Governance controls: Form 990 shared with the board not reported.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 14/100.
- High — Sustainability: Liabilities to assets ratio scored 21/100.
- High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.