ASSOCIATION 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

1995

Legal Domicile

Principal Officer

WILLIAM TETTELBACH

Phone

6083606585

Tax Period

2022-01-01 to 2022-12-31

ASSOCIATION FOR THE ADVANCEMENT OF WOUND CARE, founded in 1995, is a small nonprofit in the Education sector that reported $343K in total revenue in fiscal year 2022. Revenue decreased 16% compared to the prior year. Expenses of $509K exceeded revenue, resulting in a 48% operating deficit.

Mission

THE ASSOCIATION FOR THE ADVANCEMENT OF WOUND CARE'S MISSION IS TO ADVANCE THE CARE OF PEOPLE WITH AND AT RISK FOR WOUNDS.

Program Service Accomplishments

Program 1

Expenses: $290,661 Revenue: $128,666

IN 2022, THE AAWC HELD THEIR ANNUAL CONFERENCE IN SALT LAKE CITY, UTAH FROM NOVEMBER 10TH TO THE 12TH. THE CONFERENCE THEME WAS "TECHNOLOGY IN WOUND CARE", WHERE THEY DEMONSTRATED HOW NEW...

IN 2022, THE AAWC HELD THEIR ANNUAL CONFERENCE IN SALT LAKE CITY, UTAH FROM NOVEMBER 10TH TO THE 12TH. THE CONFERENCE THEME WAS "TECHNOLOGY IN WOUND CARE", WHERE THEY DEMONSTRATED HOW NEW TECHNOLOGIES CAN BOTH HELP IN PROVIDING THE BEST PATIENT CARE AND MAKE THE JOB EASIER AND LESS STRESSFUL. THE AAWC PRESENTED TWO JOURNAL CLUB PRESENTATIONS ON FEBRUARY 16TH AND AUGUST 24TH AND FOUR WEBINARS ON WOUND CARE SPECIFIC TOPICS WITH A COMBINED 220 REGISTRANTS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $128,725

Program Service Revenue $134,266

Investment Income $77,132

Other Revenue $3,000

TOTAL REVENUE $343,123

Expense Breakdown

Grants Paid $1,000

Salaries & Benefits $0

Fundraising Expenses $64,647

Program Expenses $290,661

Other Expenses $507,591

TOTAL EXPENSES $508,591

Year-over-Year Comparison

	2022	2021	Change
Revenue	$343,123	$408,958	-0.2%
Expenses	$508,591	$444,952	+0.1%
Net Income	$-165,468	$-35,994	+3.6%

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
BARBARA BATES-JENSEN	PRESIDENT	1.00	Officer Director	$0	$0	$0
RUTH BRYANT	PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
KARA COUCH	PRESIDENT-ELECT	1.00	Officer Director	$0	$0	$0
WILLIAM TETTELBACH	TREASURER	1.00	Officer Director	$0	$0	$0
MARCELA FARRER	SECRETARY	1.00	Officer Director	$0	$0	$0
MATTHEW DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
LAURA SWOBODA	DIRECTOR	1.00	Director	$0	$0	$0
MELANIA TAYLOR	DIRECTOR	1.00	Director	$0	$0	$0
AMANDA BLACKMON	DIRECTOR	1.00	Director	$0	$0	$0
JONATHAN JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
LYNETTE GUNN	DIRECTOR	1.00	Director	$0	$0	$0
ALISHA OROPALLO	DIRECTOR	1.00	Director	$0	$0	$0
NICOLLE SAMUELS	DIRECTOR	1.00	Director	$0	$0	$0
JENNEFFER PULAPAKA	DIRECTOR	1.00	Director	$0	$0	$0
LAURIE RAPPL	DIRECTOR	1.00	Director	$0	$0	$0
KAREN BAUER	DIRECTOR	1.00	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
2022	$343,123	$508,591	$147,357	$-165,468
2021	$408,958	$444,952	$330,609	$-35,994
2020	$249,275	$491,626	$546,170	$-242,351
2019	$651,221	$981,168	$770,078	$-329,947
2018	$497,703	$521,749	$1,073,107	$-24,046

ASSOCIATION FOR THE ADVANCEMENT OF WOUND CARE