MEDICAL ALERT MONITORING ASSOCIATI… - 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

2006

Legal Domicile

Principal Officer

GEOFF GROSS

Phone

6097996000

Tax Period

2023-01-01 to 2023-12-31

MEDICAL ALERT MONITORING ASSOCIATION, founded in 2006, is a small nonprofit in the Community Improvement sector that reported $233K in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $207K left a modest 11% surplus.

Mission

THE PURPOSE OF THE ORGANIZATION IS TO INTIATE, SPONSOR,PROMOTE AND CARRY OUT PLANS, POLICIES, AND ACTIVITIES THAT WILL FURTHER THE PROSPERITY AND DEVELOPMENT OF THE MEDICAL ALERT MONITORING AND TELEHEALTH INDUSTRY, TO EDUCATE THE PUBLIC CONCERNING THE MEDICAL ALERT MONITORING AND TELEHEALTH INDUSTRY, AND TO FURTHER THE INTERESTS OF ITS MEMBERS IN THAT INDUSTRY.

Program Service Accomplishments

Program 1

MEDICAL ALERT SYSTEMS IS TO PROVIDE PEACE OF MIND AND QUICK ASSISTANCE DURING EMERGENCIES, ESPECIALLY FOR PEOPLE WHO LIVE ALONE OR HAVE HEALTH ISSUES. SOME MEDICAL ALERT COMPANIES HAVE SPECIFIC...

MEDICAL ALERT SYSTEMS IS TO PROVIDE PEACE OF MIND AND QUICK ASSISTANCE DURING EMERGENCIES, ESPECIALLY FOR PEOPLE WHO LIVE ALONE OR HAVE HEALTH ISSUES. SOME MEDICAL ALERT COMPANIES HAVE SPECIFIC MISSIONS, SUCH AS: MEDICAL GUARDIAN, LIFELINE, LIFESTATION.

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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 $227,927

Program Service Revenue $0

Investment Income $34

Other Revenue $4,750

TOTAL REVENUE $232,711

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $206,515

TOTAL EXPENSES $206,515

Year-over-Year Comparison

	2023	2022	Change
Revenue	$232,711	$198,972	+0.2%
Expenses	$206,515	$202,265	+0.0%
Net Income	$26,196	$-3,293	-9.0%

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
GEOFF GROSS	PRESIDENT	3.00	Officer Director	$0	$0	$0
ROB FLIPPO	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
DANIEL OPPENHEIM	IMMEDIATE PAST PRESIDENT	3.00	Officer Director	$0	$0	$0
KEN GROSS	DIRECTOR	3.00	Director	$0	$0	$0
RYAN BANGERTER	DIRECTOR	3.00	Director	$0	$0	$0
SHEA GREGG MD	DIRECTOR	3.00	Director	$0	$0	$0
STEVE RICHARDS	DIRECTOR	3.00	Director	$0	$0	$0
YANIV AMIR	DIRECTOR	3.00	Director	$0	$0	$0
DAN CEBULA	DIRECTOR	3.00	Director	$0	$0	$0
DAVID CRAWFORD	DIRECTOR	3.00	Director	$0	$0	$0
MORGAN HERTEL	DIRECTOR	3.00	Director	$0	$0	$0
KELLY JOHNSTON	DIRECTOR	3.00	Director	$0	$0	$0
MATT WESTPHAL	DIRECTOR	3.00	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	$232,711	$206,515	$333,842	$26,196
2022	$198,972	$202,265	$307,728	$-3,293
2021	$164,363	$102,185	$310,615	$62,178
2020	$82,940	$33,980	$248,437	$48,960
2019	$143,786	$152,991	$199,477	$-9,205
2018	$190,076	$222,103	$208,682	$-32,027

MEDICAL ALERT MONITORING ASSOCIATION