American Academy of Otolaryngology - Head & Neck Surgery Foundation

Nonprofit profile at a glance

EIN
521219434
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Alexandria, VA, USA
Phone
7038364444
Rating
84
Verdict
STRONG
Rating confidence
Moderate
Sector
Ear and Throat Diseases

Official website

Reported finances

Revenue
$11,625,825
Expenses
$15,386,922
Assets
$24,020,121
Liabilities
$12,573,039

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

Leadership & pay

32 people listed

Executive titles in this filing

  • TROY WOODWARD MD - PRESIDENT (-ELECT UNTIL 10/24, PRESIDENT)
  • DOUGLAS D BACKOUS MD - PRES (UNTIL 10/24, IMM. PAST PRESIDENT)
  • KEN YANAGISAWA MD (IMMEDIATE PAST PRESIDENT UNTIL 09/24)
  • KATHLEEN L YAREMCHUK MD MSA (IMMEDIATE PAST PRESIDENT UNTIL 09/24)
  • RAHUL K SHAH (EVP/CEO AS OF 12/24)
  • JAMES C DENNENY III (EVP/CEO UNTIL 01/25)

Highest reported compensation

  • JAMES C DENNENY III (EVP/CEO UNTIL 01/25): $877,034 total reported compensation
  • CHRISTINA M MAGGIO (SR. DIRECTOR, COMMUNICATIONS): $244,516 total reported compensation
  • DAVID T WENNER (SR. DIRECTOR, IT): $224,502 total reported compensation

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

Overview

Mission

Advance the art & science of otolaryngology-head & neck surgery through education, research & learning.

What it reported doing in 2024

Education and general meetings: the foundation presents a wide range of educational medical educational initiatives aimed at increasing the quality of patient outcomes through supporting knowledgeable, competent, and professional physicians. The foundation curates the knowledge base and then conducts the planning and production of educational activities for the specialty as well as outreach efforts for non-otolaryngologist physicians and allied health professionals. Education is conducted through live events, subscription products, online activities, print and e-publications and mobile applications.

Operating model

Revenue model
Earned-program. 78% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 98% 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

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 90
  • Transparency & Controls: 91
  • Accountability: 88
  • Sustainability: 21
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 87.9%; rating input score 88
  • Fundraising efficiency: $12.89 raised per $1 spent on fundraising; rating input score 45; 45th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 5 of 6 controls in place; rating input score 83
    • Compensation committee: Pass
    • Independent consultant: Pass
    • Other Form 990s reviewed: Missing
    • Written employment contract: Pass
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 86.7%; rating input score 87; 19th percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -32.4%; rating input score 3; 3rd percentile among comparable filings
  • Total-asset coverage ratio: 1.56; rating input score 53; 53rd percentile among comparable filings
  • Liabilities to assets ratio: 0.52; rating input score 27; 27th percentile among comparable filings
  • Officer compensation ratio: 13.8%; rating input score 10; 10th percentile among comparable filings

Growth

  • Program expense growth: 4.3% per year; rating input score 100; 36th percentile among comparable filings
  • Revenue growth: -1% per year; rating input score 0; 6th percentile among comparable filings
  • Asset growth: -2.9% per year; rating input score 0; 4th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 87.9% of spending went to programs
  • Governance: 13 of 15 board members independent · 8 of 9 filing controls reported
  • Programs: 4 filed program accomplishments · $13.5M in reported program spending
  • Leadership: top reported pay $877K · 32 people listed · 5 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $3.3M reported
  • Consistency: 35 of 35 current checks pass
  • Schedules: 8 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 15 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 15 filed money-flow records
  • Related organizations: 2 filed related-organization links
  • 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.

  • Moderate — Financial Efficiency: Fundraising efficiency scored 45/100.
  • High — Sustainability: Operating margin scored 3/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Accountability: Governance controls: Other executive compensation review process not reported.
  • Review — Sustainability: Total-asset coverage ratio scored 53/100.
  • High — Sustainability: Officer compensation ratio scored 10/100.
  • High — Sustainability: Liabilities to assets ratio scored 27/100.