Clinical Education
Training chest medicine professionals through conferences, guidelines, and hands-on simulation programs
Professional association advancing chest medicine through education, research, and clinical practice guidelines
About Organization
The American College of Chest Physicians champions the prevention, diagnosis, and treatment of chest diseases through education, communication, and research. Based in Glenview, IL, the organization serves thousands of clinicians practicing in critical care, pulmonary, and sleep medicine. Founded in 1935, it operates with 129 employees and generates $41.0 million in annual revenue.
Clinical Education
Training chest medicine professionals through conferences, guidelines, and hands-on simulation programs
Research Advancement
Funding studies in critical care, pulmonary disease, lung cancer, and respiratory health equity
Diagnostic Excellence
Improving accuracy in chest disease diagnosis and bridging specialties across pulmonary and critical care
Form 990 data showing organizational financial health and growth.
Revenue (2024)
$41.0M
+10.7% vs 2023
Expenses (2024)
$37.8M
-1.8% vs 2023
Assets (2024)
$66.7M
+12.6% vs 2023
Employees (2024)
129
-2.3% vs 2023
| Year | Revenue | Expenses | Assets | Employees |
|---|---|---|---|---|
| 2024 | $41,007,190 | $37,796,676 | $66,713,537 | 129 |
| 2023 | $37,056,814 | $38,478,210 | $59,257,285 | 132 |
| 2022 | — | — | — | — |
| 2022 | $34,618,086 | $35,052,526 | $42,939,042 | 143 |
| 2020 | — | — | — | — |
| 2020 | $16,629,705 | $15,069,607 | $44,983,631 | 123 |
| 2019 | $31,718,747 | $34,504,128 | $43,481,911 | 135 |
| 2018 | $32,122,293 | $32,530,728 | $47,051,479 | 124 |
| 2017 | $35,761,592 | $31,770,496 | $46,802,683 | 129 |
Source: IRS Form 990 filings. All figures in USD.
Provide clinical practice guidelines, conferences, and simulation training to chest medicine professionals
Award competitive grants for critical care, pulmonary disease, and respiratory health equity research
Publish peer-reviewed scientific findings through the CHEST journal portfolio and communications
Champion best practices in chest disease prevention, diagnosis, and treatment across specialties
Services and programs offered by American College of Chest Physicians
Annual meetings, hands-on simulation training, and clinical practice guidelines for chest medicine professionals
Research grants in critical care, pulmonary fibrosis, COPD, and lung cancer through competitive funding programs
Peer-reviewed scientific publications advancing knowledge in chest diseases and respiratory health equity
Research projects focused on improving diagnostic accuracy and bridging medical specialties in chest medicine
Meet the people behind American College of Chest Physicians.
1935
1935
American College of Chest Physicians established to advance chest medicine practice
1958
1958
Granted tax-exempt status as a professional medical education organization
2020
2020
Revenue declined to $16.6 million during COVID-19 pandemic affecting medical conferences
2024
2024
Organization achieved record $41.0 million revenue serving chest medicine professionals
Board members, advisors, and key contributors
Information compiled from IRS Form 990 and organizational materials.
Top compensated officers & key employees from IRS Form 990
Total Reported (2024)
$4.1M
Highest Paid
$583K
Robert Musacchio PHD
Compensated Officers
15
| Name | Title | Base | Other | Total | Hrs/Wk |
|---|---|---|---|---|---|
| Robert Musacchio PHD | Secretary/Executive VP & CEO | $555,033 | $27,600 | $582,633 | 40 |
| Stratton Davies CPA | Senior VP & CFO | $405,650 | $46,097 | $451,747 | 40 |
| Nicki Augustyn | Senior VP | $371,060 | $36,274 | $407,334 | 40 |
| Jennifer Nemkovich | Senior VP | $384,601 | $22,377 | $406,978 | 40 |
| Debra Janiszewski | Senior VP | $332,662 | $23,078 | $355,740 | 40 |
| John Rather | General Counsel | $329,846 | $13,627 | $343,473 | 40 |
| Richard Schuch | Senior VP | $287,761 | $37,651 | $325,412 | 40 |
| Jonathan Iaccarino | Senior Director | $239,509 | $11,558 | $251,067 | 40 |
| Suzanne Sletto Distel | Chief Of Staff & VP | $236,344 | $11,767 | $248,111 | 40 |
| Manuel Alfaro | Senior Director | $201,987 | $36,591 | $238,578 | 40 |
| Tracy Lucitt | Senior Director | $188,449 | $9,461 | $197,910 | 40 |
| John A Howington MD Fccp | President-Elect | $114,300 | — | $114,300 | 1 |
| Doreen Addrizzo-Harris MD Fccp | Immediate Past President | $87,825 | — | $87,825 | 1 |
| Jack D Buckley MD MPH Fccp | President | $87,000 | — | $87,000 | 3 |
| Neil S Freedman MD Fccp | President-Designate | $35,000 | — | $35,000 | 1 |
| Name | Title | Base | Other | Total | Hrs/Wk |
|---|---|---|---|---|---|
| Robert Musacchio PHD | Secretary/Executive VP & CEO | $547,843 | $26,400 | $574,243 | 40 |
| Stratton Davies CPA | Senior VP & CFO | $332,938 | $42,528 | $375,466 | 40 |
| Nicki Augustyn | Senior VP | $308,196 | $31,086 | $339,282 | 40 |
| Jennifer Nemkovich | Senior VP | $314,651 | $18,812 | $333,463 | 40 |
| Debra Janiszewski | Senior VP | $272,803 | $21,340 | $294,143 | 40 |
| John Rather | General Counsel | $266,226 | $12,414 | $278,640 | 40 |
| Richard Schuch | Senior VP | $241,879 | $32,315 | $274,194 | 40 |
| Jonathan Iaccarino | Senior Director | $234,012 | $11,611 | $245,623 | 40 |
| Manuel Alfaro | Senior Director | $204,740 | $33,234 | $237,974 | 40 |
| Suzanne Sletto Distel | VP Org Affairs | $190,375 | $16,654 | $207,029 | 40 |
| Tracy Lucitt | Senior Director | $184,342 | $9,268 | $193,610 | 40 |
| Doreen J Addrizzo-Harris MD Fccp | President | $110,875 | — | $110,875 | 3 |
| David A Schulman MD MPH | Immediate Past President | $39,300 | — | $39,300 | 1 |
| Jack D Buckley MD MPH Fccp | President-Elect | $36,600 | — | $36,600 | 1 |
| Victor J Test MD Fccp | Regent-At-Large | $16,600 | — | $16,600 | 1 |
| Name | Title | Base | Other | Total | Hrs/Wk |
|---|---|---|---|---|---|
| Robert Musacchio PHD | Secretary/Executive Vice President & CEO | $495,332 | $24,400 | $519,732 | 40 |
| Stratton Davies CPA | CFO | $307,668 | $39,520 | $347,188 | 40 |
| Nicki Augustyn | Senior Vice President | $283,376 | $29,002 | $312,378 | 40 |
| Jennifer Nemkovich | Senior Vice President | $288,077 | $17,692 | $305,769 | 40 |
| Debra Janiszewski | Senior Vice President | $250,318 | $20,033 | $270,351 | 40 |
| John Rather | General Counsel | $252,582 | $12,269 | $264,851 | 40 |
| Richard Schuch | Senior Vice President | $222,186 | $30,682 | $252,868 | 40 |
| Jonathan Iaccarino | Senior Director | $223,182 | $11,070 | $234,252 | 40 |
| Manuel Alfaro | Senior Director | $196,330 | $31,940 | $228,270 | 40 |
| Robb Rabito | Senior Director | $168,737 | $22,619 | $191,356 | 40 |
| Suzanne Sletto | Senior Director | $155,336 | $14,598 | $169,934 | 40 |
| David A Schulman MD MPH Fccp | President | $132,625 | — | $132,625 | 1 |
| Doreen J Addrizzo-Harris MD Fccp | President-Elect | $92,875 | — | $92,875 | 1 |
| Steven Q Simpson MD Fccp | Immediate Past President | $50,000 | — | $50,000 | 1 |
| Sandhya Khurana MD Fccp | Regent-At-Large | $9,075 | — | $9,075 | 1 |
| Name | Title | Base | Other | Total | Hrs/Wk |
|---|---|---|---|---|---|
| Robert Musacchio PHD | Secretary/Executive Vice President & CEO | $438,937 | $25,650 | $464,587 | 40 |
| Stratton Davies CPA | CFO | $295,593 | $42,822 | $338,415 | 40 |
| Nicki Augustyn | Senior Vice President | $258,666 | $31,507 | $290,173 | 40 |
| Jennifer Nemkovich | Senior Vice President | $254,045 | $10,198 | $264,243 | 40 |
| James Young | Senior Vice President | $219,282 | $39,712 | $258,994 | 40 |
| Ronald Moen | CIO | $204,023 | $45,951 | $249,974 | 40 |
| Chad Jackson | Chief Innovation Officer | $220,219 | $19,472 | $239,691 | 40 |
| Richard Schuch | Senior Director | $183,460 | $29,079 | $212,539 | 40 |
| Manuel Alfaro | Senior Director | $162,226 | $39,160 | $201,386 | 40 |
| Debra Janiszewski | Senior Vice President | $175,120 | $22,366 | $197,486 | 40 |
| Rudy Anderson | Senior Director/Associate EXEC Director Chest Foundation | $180,203 | $7,920 | $188,123 | 10 |
| Linda Tomczynski | Senior Director | $168,754 | $12,569 | $181,323 | 40 |
| Clayton T Cowl MD MS Fccp | Immediate Past President Through 10/17/20 | $130,000 | — | $130,000 | 1 |
| Stephanie M Levine MD Fccp | President/Immediate Past President Starting 10/18/20 | $101,000 | — | $101,000 | 1 |
| David A Schulman MD MPH Fccp | President-Designate/President-Elect | $39,500 | — | $39,500 | 1 |
| Name | Title | Base | Other | Total | Hrs/Wk |
|---|---|---|---|---|---|
| Robert Musacchio PHD | Secretary/Executive Vice President & CEO | $425,819 | $25,200 | $451,019 | 40 |
| Stratton Davies CPA | CFO | $334,317 | $41,076 | $375,393 | 40 |
| Nicki Augustyn | Senior Vice President | $256,939 | $30,569 | $287,508 | 40 |
| Jennifer Nemkovich | Senior Vice President | $261,299 | $10,508 | $271,807 | 40 |
| Stephen J Welch | Former EVP/CEO | $264,042 | $6,615 | $270,657 | — |
| Chad Jackson | Chief Innovation Officer And VP Business DEV. | $234,543 | $30,949 | $265,492 | 40 |
| Ronald Moen | CIO | $198,123 | $44,765 | $242,888 | 40 |
| Richard Schuch | Senior Director | $178,384 | $27,327 | $205,711 | 40 |
| Richard Newman | Senior Director | $169,663 | $12,418 | $182,081 | 40 |
| Rudy Anderson | Senior Director/Associate EXEC Director Chest Foundation | $170,296 | $7,272 | $177,568 | 10 |
| Linda Tomczynski | Senior Director | $162,315 | $12,426 | $174,741 | 40 |
| Debra Janiszewski | Senior Director | $149,610 | $19,804 | $169,414 | 40 |
| Stephanie M Levine MD Fccp | President | $107,100 | — | $107,100 | 1 |
| Clayton T Cowl MD MS Fccp | Immediate Past President | $29,200 | — | $29,200 | 1 |
| David A Schulman MD MPH Fccp | President-Designate | $12,000 | — | $12,000 | 1 |
Source: IRS Form 990 filings. Compensation includes base and other reported compensation.
Paycheck Protection Program (2020-2021)
Total Approved
$4.3M
Total Forgiven
$4.3M
101% forgiven
Jobs Retained
221
Source: Small Business Administration • Paycheck Protection Program (2020-2021)
Grant funding relationships from IRS Form 990 filings
Source: IRS Form 990 Schedule I filings. Amounts may span multiple tax years.
Government awards and grants from USAspending.gov
| Agency | Award ID | Type | Period | Amount |
|---|---|---|---|---|
| HHS | NU58DP007789 | PROJECT GRANT (B) | 2024-2027 | $750,000 |
| HHS | NU50CK000604 | COOPERATIVE AGREEMENT (B) | 2022-2025 | $189,518 |
Source: USAspending.gov. Amounts represent total federal obligations.
Get in touch with American College of Chest Physicians