MASSACHUSETTS MEDICAL DEVICE INDUSTRY COUNCIL INC

EIN: 043345676

BROOKLINE, MA

Total Revenue
$1,668,410
Total Expenses
$1,867,323
Total Assets
$1,118,922
Net Assets
$732,468
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
MA
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 ENCOURAGE THE GROWTH OF THE MEDICAL DEVICE INDUSTRY IN MASSACHUSETTS.

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Trantor Score

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

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

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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
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Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

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

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Governance

Voting Members
40
Independent Members
40
Employees
5
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
9
$690,476
Total Directors
33
$0
Key Employees
0
$0
Highest Compensated
0
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
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