American Academy of Sleep Medicine

Nonprofit profile at a glance

EIN
411596569
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Darien, IL, USA
Phone
6307379700
Rating confidence
Limited

Official website

Reported finances

Revenue
$19,576,889
Expenses
$19,811,339
Assets
$106,833,334
Liabilities
$9,999,178

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

Leadership & pay

26 people listed

Executive titles in this filing

  • STEVEN VAN HOUT (EXECUTIVE DIRECTOR)
  • SHERENE THOMAS (ASSISTANT EXECUTIVE DIRECTOR)
  • JOHN NOEL (SRS EXECUTIVE DIRECTOR)
  • ERIC OLSON MD (PRESIDENT)
  • JAMES ROWLEY MD (IMMEDIATE PAST PRESIDENT)
  • ANITA SHELGIKAR MD MHPE (PRESIDENT-ELECT)

Highest reported compensation

  • STEVEN VAN HOUT (EXECUTIVE DIRECTOR): $621,130 total reported compensation
  • SHERENE THOMAS (ASSISTANT EXECUTIVE DIRECTOR): $313,869 total reported compensation
  • THOMAS HEFFRON (SENIOR DIRECTOR): $272,511 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 american academy of sleep medicine (aasm) is a nonprofit corporation organized under the laws of the state of Minnesota to (1) establish, update, and maintain standards for the evaluation and treatment of human sleep disorders and sleep-related disorders, (2) promote education and training in sleep disorder medicine and to foster related research, and (3) represent the sleep disorder discipline in relation to health professional organizations, federal and local regulatory bodies, and federal and private health insurers.

What it reported doing in 2024

Education to provide a variety of continuing education using varied teaching modalities and various delivery methods. The academy offers educational activities at multiple levels for sleep medicine physicians, non-sleep physicians, psychologists, advanced practice providers and sleep technologists. These activities include live regional courses. For example, sleep medicine trends, sleep medicine essentials, and other specialized live courses as needed. In addition, a large volume of online educational opportunities are available on-demand, including live course recordings, ppt presentations, webinars, journal articles and practice examinations.

Operating model

Revenue model
Other-operating. 76% of the money available for current operations came from other operating revenue.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 79
  • Accountability: 46
  • Sustainability: 47
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 88.9%; rating input score 89; 3rd percentile among comparable filings
  • Pay-setting controls: 6 of 6 controls in place; rating input score 100
    • Compensation committee: Pass
    • Independent consultant: Pass
    • Other Form 990s reviewed: Pass
    • Written employment contract: Pass
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Scored; rating input score 0
  • Grant itemization coverage: 98.1%; rating input score 98; 29th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 8.3%; rating input score 8; 6th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • 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: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -1.2%; rating input score 26; 26th percentile among comparable filings
  • Total-asset coverage ratio: 5.39; rating input score 85; 85th percentile among comparable filings
  • Liabilities to assets ratio: 0.09; rating input score 75; 75th percentile among comparable filings
  • Officer compensation ratio: 15.9%; rating input score 7; 7th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 2.9% per year; rating input score 100; 25th percentile among comparable filings
  • Asset growth: 6.8% per year; rating input score 100; 47th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 1 of 12 board members independent · 9 of 9 filing controls reported
  • Programs: 3 filed program accomplishments
  • Leadership: top reported pay $621K · 26 people listed · 6 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $1.1M reported
  • Consistency: 11 of 12 current checks pass · 1 finding to review
  • Schedules: 8 filed schedules · includes major donors, foreign activity, grants, and executive pay
  • Filing history: 15 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 41 filed money-flow records
  • Related organizations: 17 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.

Key Signals

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

  • High — Accountability: Independent voting board scored 8/100.
  • High — Transparency & Controls: Foreign activity oversight scored 0/100.
  • High — Sustainability: Operating margin scored 26/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • High — Sustainability: Officer compensation ratio scored 7/100.