Alpha Omega Alpha Honor Medical Society

Nonprofit profile at a glance

EIN
366082049
IRS 990 coverage
2019–2024
Forms available
Form 990 2024, Form 990-N 2017
Location
Aurora, CO, USA
Phone
7208594149
Rating
84
Verdict
STRONG
Rating confidence
Moderate

Reported finances

Revenue
$3,236,043
Expenses
$2,927,964
Assets
$32,530,619
Liabilities
$11,369,801

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

23 people listed

Executive titles in this filing

  • ATUL GROVER (PRESIDENT)
  • PETER BATES (PRESIDENT EL)

Highest reported compensation

  • BRADLEY BARTH (EXECUTIVE DI): $212,868 total reported compensation
  • DARLENE MARTINEZ THRU 93024 (CHIEF OF STA): $196,685 total reported compensation
  • RICHARD BYYNY (PHAROS SR ED): $163,446 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Alpha omega alpha, founded in 1902, is the national medical honor society. See schedule o for continuation.

What it reported doing in 2024

The remaining programs at alpha omega alpha are as follows: chapter and member services provides direct support to all members and the local chapters that support these members. Visiting professorships is a program that provides funding support for medical schools to host a visiting professor during the academic year. The insignia program provides physical hardware that acknowledges aoa membership in the form of certificates, pins, etc. The distinguished teacher program acknowledges teachers that perform exceptionally and are recognized by their peers. The professionalism awards program acknowledges professionals by their peers for outstanding achievements. Inclusion, diversity, and equity award recognizes medical schools and their associated aoa chapter that demonstrate the ideals of inclusion, diversity, and equity in service to the community.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Hybrid. The nonprofit split its reported program spending across 72% for direct work, and 28% for grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Reported officer compensation is a large share of total spending, which may reflect staffing concentration and liabilities are high compared with assets.

Rating breakdown

  • Financial Efficiency: 81
  • Transparency & Controls: 77
  • Accountability: 100
  • Sustainability: 61
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 80.5%; rating input score 80
  • Program expense ratio: 81.9%; rating input score 82
  • Fundraising efficiency: $69.73 raised per $1 spent on fundraising; rating input score 83; 83rd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 2 of 6 controls in place; rating input score 33
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Pass
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 8 of 8 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 9.5%; rating input score 62; 62nd percentile among comparable filings
  • Total-asset coverage ratio: 11.11; rating input score 92; 92nd percentile among comparable filings
  • Liabilities to assets ratio: 0.35; rating input score 30; 30th percentile among comparable filings
  • Officer compensation ratio: 19.6%; rating input score 13; 13th percentile among comparable filings

Growth

  • Program expense growth: 10.3% per year; rating input score 100; 65th percentile among comparable filings
  • Revenue growth: 2.4% per year; rating input score 100; 23rd percentile among comparable filings
  • Asset growth: 6.3% per year; rating input score 100; 42nd percentile among comparable filings

Details

  • Where the money goes: 80.5% of revenue deployed · 81.9% of spending went to programs
  • Governance: 18 of 18 board members independent · 8 of 8 filing controls reported
  • Programs: 4 filed program accomplishments · $2.4M in reported program spending
  • Leadership: top reported pay $213K · 23 people listed · 2 of 6 pay-setting controls reported
  • Consistency: 32 of 32 current checks pass
  • Schedules: 5 filed schedules · includes grants and executive pay
  • Filing history: 6 filing years from 2019 to 2024
  • Contacts: How to reach this organization
  • Money network: 3 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.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Officer compensation ratio scored 13/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 30/100.