CLINICAL LABORATORY MANAGEMENT ASS… - 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

1975

Legal Domicile

Principal Officer

CHRISTINA NICKEL

Phone

3123215111

Tax Period

2021-01-01 to 2021-12-31

CLINICAL LABORATORY MANAGEMENT ASSOCIATION INC, founded in 1975, is a small nonprofit that reported $288K in total revenue in fiscal year 2021. Revenue fell 59% from the prior year — a significant decline worth monitoring.

Mission

THE ASSOCIATION EMPOWERS LABORATORY PROFESSIONALS TO ACHIEVE EXCELLENCE IN LEADERSHIP THROUGH FORWARD-THINKING EDUCATIONAL, NETWORKING, AND ADVOCACY OPPORTUNITIES.

Program Service Accomplishments

Program 1

ANNUAL KNOWLEDGELAB CONFERENCE, PROFESSIONAL DEVELOPMENT PROGRAMS, AND CORPORATE RELATION CAMPAIGNS TO DISSEMINATE INFORMATION ABOUT CLINICAL LABORATORY SERVICES AND MANAGEMENT

Program 2

PUBLICATIONS AND OTHER COMMUNICATIONS FOR THE DISSEMINATION OF INFORMATION REGARDING CLINICAL LABORATORY SERVICES AND MANAGEMENT TO THE ASSOCIATION'S MEMBERS

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $275,002

Investment Income $0

Other Revenue $13,360

TOTAL REVENUE $288,362

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $280,050

TOTAL EXPENSES $280,050

Year-over-Year Comparison

	2021	2020	Change
Revenue	$288,362	$701,886	-0.6%
Expenses	$280,050	$827,312	-0.7%
Net Income	$8,312	$-125,426	-1.1%

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
CHRISTINA NICKEL	PRESIDENT	20.00	Officer Director	$0	$0	$0
JOSEPH GERARD KEARY	PRESIDENT ELECT	10.00	Officer Director	$0	$0	$0
PENNY OGILVIE	SECRETARY / TREASURER	10.00	Officer Director	$0	$0	$0
CAROL COLLINGSWORTH	PAST PRESIDENT	5.00	Director	$0	$0	$0
SEAN TUCKER	CHAPTER CHAIRPERSON	5.00	Director	$0	$0	$0
ELLEN DIJKMAN DULKES	DIRECTOR	5.00	Director	$0	$0	$0
MELISSA HISEROTE	DIRECTOR	5.00	Director	$0	$0	$0
MICHAEL JOHNSON	DIRECTOR	5.00	Director	$0	$0	$0
SHEILA LAWSON	DIRECTOR	5.00	Director	$0	$0	$0
CHARLES MCDONALD JR	DIRECTOR	5.00	Director	$0	$0	$0
CYNTHIA PARRISH	DIRECTOR	5.00	Director	$0	$0	$0
PATTI WALTON	DIRECTOR	5.00	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
2021	$288,362	$280,050	$112,794	$8,312
2020	$701,886	$827,312	$176,713	$-125,426

CLINICAL LABORATORY MANAGEMENT ASSOCIATION INC