The Society for the Advancement of… - Form 990 Financial Data

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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

2004

Legal Domicile

Principal Officer

Haley Brust

Phone

9285516400

Tax Period

2023-01-01 to 2023-12-31

The Society for the Advancement of Blood Management Inc, founded in 2004, is a small nonprofit in the Health Care sector that reported $686K in total revenue in fiscal year 2023. Revenue surged 44% from the prior year, signaling strong growth momentum. Expenses of $661K left a modest 4% surplus.

Mission

TO IMPROVE HEALTH, INCREASE SAFETY, AND REDUCE HEALTHCARE COSTS THROUGH THE ADVANCEMENT OF SCIENTIFIC KNOWLEDGE AND PRACTICE IN PATIENT BLOOD MANAGEMENT.

Program Service Accomplishments

Program 1

Expenses: $498,215 Revenue: $311,751

RESEARCH THE POSITIVE IMPACT OF INNOVATIVE PATIENT BLOOD MANAGEMENT PROGRAMS. EDUCATE HEALTHCARE PROFESSIONALS AND EDUCATE THE PUBLIC.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $155,753

Program Service Revenue $525,451

Investment Income $4,444

Other Revenue $700

TOTAL REVENUE $686,348

Expense Breakdown

Grants Paid $25,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $498,215

Other Expenses $635,548

TOTAL EXPENSES $660,548

Year-over-Year Comparison

	2023	2022	Change
Revenue	$686,348	$477,956	+0.4%
Expenses	$660,548	$592,880	+0.1%
Net Income	$25,800	$-114,924	-1.2%

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
carolyn Burns MD	president	2.0	Officer Director	$0	$0	$0
linda Shore-Lesserson MD	president elect	2.0	Officer Director	$0	$0	$0
sherri ozawa rn	immediate Past President	2.0	Officer Director	$0	$0	$0
prakesh patel	secretary	2.0	Officer Director	$0	$0	$0
rebecca rock rn	treasurer	2.0	Officer Director	$0	$0	$0
david faraoni md phd	at-Large Director	2.0	Director	$0	$0	$0
tiffany hall rn	at-Large Director	2.0	Director	$0	$0	$0
gagan mathur md	at-Large Director	2.0	Director	$0	$0	$0
sharon sledge ma	at-Large Director	2.0	Director	$0	$0	$0
deborah tolich rn	at-Large Director	2.0	Director	$0	$0	$0
Majed RefaaiMD	at-Large Director	2.0	Director	$0	$0	$0
Mary Ann Sromoski	AT-LARGE DIRECTORS	2.0	Director	$0	$0	$0
Pierre Tibi MD	AT-LARGE DIRECTORS	2.0	Director	$0	$0	$0
Matthew Warner MD	AT-LARGE DIRECTORS	2.0	Director	$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	$686,348	$660,548	$412,577	$25,800
2022	$477,956	$592,880	$399,301	$-114,924
2021	$474,757	$515,450	$551,539	$-40,693
2020	$457,439	$450,308	$578,170	$7,131
2019	$697,347	$693,847	$570,848	$3,500
2018	$688,023	$839,545	$540,365	$-151,522

The Society for the Advancement of Blood Management Inc