MASSACHUSETTS MEDICAL DEVICE INDUS… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1996

Legal Domicile

Principal Officer

BRIAN JOHNSON

Phone

6173589780

Tax Period

2023-01-01 to 2023-12-31

MASSACHUSETTS MEDICAL DEVICE INDUSTRY COUNCIL INC, founded in 1996, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $1.9M exceeded revenue, resulting in a 12% operating deficit.

Mission

TO CREATE A POSITIVE ENVIRONMENT FOR MASSACHUSETTS MEDICAL DEVICE INDUSTRY, AND TO IMPLEMENT COLLABORATIVE INITIATIVES TOWARD MASSACHUSETTS MEDICAL DEVICE RESEARCH, DEVELOPMENT AND MANUFACTURING.

Program Service Accomplishments

Program 1

THROUGH COOPERATIVE EFFORTS OF COMPANIES WITHIN THE INDUSTRY AND FINANCIAL, EDUCATIONAL AND GOVERNMENTAL INSTITUTIONS, THE COUNCIL SPONSORS CONFERENCES, MEETINGS, PUBLICATIONS AND NEWSLETTERS FOR THE...

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $708,288

Program Service Revenue $941,669

Investment Income $18,453

Other Revenue $0

TOTAL REVENUE $1,668,410

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,059,914

Fundraising Expenses $0

Other Expenses $807,409

TOTAL EXPENSES $1,867,323

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,668,410	$1,513,923	+0.1%
Expenses	$1,867,323	$1,398,043	+0.3%
Net Income	$-198,913	$115,880	-2.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$690,476

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DESMOND ADLER	DIRECTOR	0.50	Director	$0	$0	$0
MICHELLE L BASIL	DIRECTOR	0.50	Director	$0	$0	$0
MATTHEW BOYD	DIRECTOR	0.50	Director	$0	$0	$0
LISA BRADY	DIRECTOR	0.50	Director	$0	$0	$0
GABRIELE BRAMBILLA	DIRECTOR	0.50	Director	$0	$0	$0
ROBERT BROSNAHAN	DIRECTOR	0.50	Director	$0	$0	$0
ROBERT CHISENA	DIRECTOR	0.50	Director	$0	$0	$0
BRYAN DECHAIRO	DIRECTOR	0.50	Director	$0	$0	$0
DAVID DYKEMAN	DIRECTOR	0.50	Director	$0	$0	$0
REBECCA FAHRIG	DIRECTOR	0.50	Director	$0	$0	$0
MICHAEL FERGUSON	DIRECTOR	0.50	Director	$0	$0	$0
TOWNSEND GODDARD	DIRECTOR	0.50	Director	$0	$0	$0
NAN-WEI GONG	DIRECTOR	0.50	Director	$0	$0	$0
ANH HOANG-LINDSAY	DIRECTOR	0.50	Director	$0	$0	$0
RAJIT KAMAL	DIRECTOR	0.50	Director	$0	$0	$0
JULIE KHANI	DIRECTOR	0.50	Director	$0	$0	$0
DAVID KOLSTAD	DIRECTOR	0.50	Director	$0	$0	$0
MICHAEL E LYMAN	DIRECTOR	0.50	Director	$0	$0	$0
LUIS J MASEDA	DIRECTOR	0.50	Director	$0	$0	$0
MARY BETH MOYNIHAN	DIRECTOR	0.50	Director	$0	$0	$0
JOSEPH MULLINGS	DIRECTOR	0.50	Director	$0	$0	$0
ZARA MURADALI	DIRECTOR	0.50	Director	$0	$0	$0
STEPHANIE NELSON WIMMER	DIRECTOR	0.50	Director	$0	$0	$0
MONISH RAJPAL	DIRECTOR	0.50	Director	$0	$0	$0
ALEXANDER RODERO	DIRECTOR	0.50	Director	$0	$0	$0
KATE RUMRILL	DIRECTOR	0.50	Director	$0	$0	$0
ADAM SACHS	DIRECTOR	0.50	Director	$0	$0	$0
AARON SANDOSKI	DIRECTOR	0.50	Director	$0	$0	$0
RAHUL SATHE	DIRECTOR	0.50	Director	$0	$0	$0
CAROLINA SAVE	DIRECTOR	0.50	Director	$0	$0	$0
PAUL SELTMAN	DIRECTOR	0.50	Director	$0	$0	$0
MANISHA SHAH-BUGAJ	DIRECTOR	0.50	Director	$0	$0	$0
ELIJAH WHITE	DIRECTOR	0.50	Director	$0	$0	$0
BRIAN JOHNSON	PRESIDENT	40.00	Officer	$501,937	$0	$501,937
RACHEL ROBINSON	CHIEF OPERATING OFFICER	40.00	Officer	$188,539	$0	$188,539
RAJESH MISRA	TREASURER	0.50	Officer	$0	$0	$0
DAVID KOLSTAD	IMMEDIATE PAST CHAIR	0.50	Officer	$0	$0	$0
MICHELLE FOX	VICE CHAIR	0.50	Officer	$0	$0	$0
JON BLOOM MD	SECOND VICE CHAIR	0.50	Officer	$0	$0	$0
TODD USEN	CHAIR	0.50	Officer	$0	$0	$0
DEVI GOVENDER	CLERK	0.50	Officer	$0	$0	$0
DIANA GELSTON	SECOND VICE CHAIR	0.50	Officer	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$1,668,410	$1,867,323	$1,118,922	$-198,913
2022	$1,513,923	$1,398,043	$1,333,906	$115,880
2021	$1,112,983	$958,140	$1,157,390	$154,843
2020	$1,043,876	$949,403	$941,094	$94,473
2019	$1,124,546	$899,917	$782,369	$224,629
2018	$838,878	$898,391	$474,021	$-59,513

MASSACHUSETTS MEDICAL DEVICE INDUSTRY COUNCIL INC