American Association of Colleges of Osteopathic Medicine

Nonprofit profile at a glance

EIN
237190271
IRS 990 coverage
2010–2024
Forms available
Form 990 2024, Form 990-T 2024
Location
Bethesda, MD, USA
Phone
3019684100
Rating
78
Verdict
SUPPORTED
Rating confidence
Moderate

Official website

Reported finances

Revenue
$25,263,869
Expenses
$21,447,451
Assets
$63,205,408
Liabilities
$11,070,617

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

Leadership & pay

71 people listed

Executive titles in this filing

  • ROBERT CAIN (PRESIDENT, CEO)

Highest reported compensation

  • ROBERT CAIN (PRESIDENT, CEO): $639,042 total reported compensation
  • RANCE L MCCLAIN (SVP, MEDICAL EDUCATION): $378,965 total reported compensation
  • MARK R SPEICHER (SVP, LEARNING, RESEARCH & INNOV): $339,262 total reported compensation

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

Overview

Mission

Aacom leads and advocates for the osteopathic medical education community to improve the health of the public. Aacom represents and advances the continuum of medical education by: supporting our member institutions as they educate the future physician workforce; increasing awareness of osteopathic medical education and osteopathic medicine; promoting excellence in medical education, policy, research, and service; and fostering innovation and quality throughout medical education.

What it reported doing in 2024

Government relations - represents the association's constituents and interests to congress and federal policy makers in leading the association's congressional and federal policy advocacy efforts. The office keeps constituents informed of federal policy and regulatory developments in osteopathic medical education and the osteopathic medical education community, as well as informs federal legislators of the needs of osteopathic medical students, trainees, and osteopathic medical educators. The department also works in concert with various national organizations and coalitions to influence both legislative and regulatory issues relevant to osteopathic medical education.

Operating model

Revenue model
Earned-program. 91% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 99% 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

SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Reported officer compensation is a large share of total spending, which may reflect staffing concentration and some filed totals do not add up.

Rating breakdown

  • Financial Efficiency: 60
  • Transparency & Controls: 85
  • Accountability: 100
  • Sustainability: 65
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 62%; rating input score 62
  • Program expense ratio: 77.3%; rating input score 77
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 94.4%; rating input score 94; 22nd 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: Pass
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 79.8%; rating input score 80; 16th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 66th 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: 15.1%; rating input score 76; 76th percentile among comparable filings
  • Total-asset coverage ratio: 2.95; rating input score 74; 74th percentile among comparable filings
  • Liabilities to assets ratio: 0.18; rating input score 62; 62nd percentile among comparable filings
  • Officer compensation ratio: 18%; rating input score 5; 5th percentile among comparable filings

Growth

  • Program expense growth: 5.9% per year; rating input score 100; 48th percentile among comparable filings
  • Revenue growth: 8% per year; rating input score 100; 65th percentile among comparable filings
  • Asset growth: 9.8% per year; rating input score 100; 64th percentile among comparable filings

Details

  • Where the money goes: 62% of revenue deployed · 77.3% of spending went to programs
  • Governance: 52 of 52 board members independent · 9 of 9 filing controls reported
  • Programs: 9 filed program accomplishments · $16.6M in reported program spending
  • Leadership: top reported pay $639K · 71 people listed · 5 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $5.3M reported
  • Consistency: 40 of 41 current checks pass · 1 finding to review
  • 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: 26 filed money-flow records
  • Related organizations: 14 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.

  • High — Sustainability: Officer compensation ratio scored 5/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.