AMERICAN SOCIETY FOR ARTIFICIAL IN… - 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

1978

Legal Domicile

Principal Officer

PRAMOND BONDE MD

Phone

9789278330

Tax Period

2023-01-01 to 2023-12-31

AMERICAN SOCIETY FOR ARTIFICIAL INTERNAL ORGANS INC, founded in 1978, is a small nonprofit that reported $773K in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $745K left a modest 4% surplus.

Mission

ASAIO'S MISSION IS TO PROVIDE A FORUM THAT GLOBALLY AND COLLABORATIVELY PROMOTES THE DEVELOPMENT OF INNOVATIVE MEDICAL DEVICE TECHNOLOGY AT THE CROSSROADS OF SCIENCE, ENGINEERING, AND MEDICINE.

Program Service Accomplishments

Program 1

Expenses: $466,408 Revenue: $361,064

ANNUAL MEETING AND CONVENTION IS A UNIQUELY OPEN AND VIBRANT FORUM FOR THE PRESENTATION OF MEDICAL RESEARCH EQUIPMENT AND ADVANCES IN THE FIELD OF ARTIFICIAL INTERNAL ORGANS TO EDUCATE THE MEDICAL...

ANNUAL MEETING AND CONVENTION IS A UNIQUELY OPEN AND VIBRANT FORUM FOR THE PRESENTATION OF MEDICAL RESEARCH EQUIPMENT AND ADVANCES IN THE FIELD OF ARTIFICIAL INTERNAL ORGANS TO EDUCATE THE MEDICAL AND SCIENCE COMMUNITY.

Program 2

Expenses: $147,865 Revenue: $232,643

ASAIO JOURNAL IS IN THE FOREFRONT OF ARTIFICIAL ORGAN RESEARCH AND DEVELOPMENT. ON THE CUTTING EDGE OF INNOVATIVE TECHNOLOGY, IT FEATURES PEER-REVIEWED ARTICLES OF THE HIGHEST QUALITY THAT DESCRIBE RESEARCH, DEVELOPMENT, THE MOST RECENT ADVANCES IN THE DESIGN OF ARTIFICIAL ORGAN DEVICES AND FINDINGS FROM INITIAL TESTING.

Program 3

Expenses: $58,323

COMMITTEES - THE SOCIETY APPOINTS COMMITTEES TO ORGANIZE AND OPERATE VARIOUS FUNCTIONS OF THE SOCIETY.

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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 $30,382

Program Service Revenue $698,016

Investment Income $44,824

Other Revenue $0

TOTAL REVENUE $773,222

Expense Breakdown

Grants Paid $38,725

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $672,596

Other Expenses $706,012

TOTAL EXPENSES $744,737

Year-over-Year Comparison

	2023	2022	Change
Revenue	$773,222	$695,286	+0.1%
Expenses	$744,737	$800,274	-0.1%
Net Income	$28,485	$-104,988	-1.3%

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
PRAMOND BONDE MD	PRES/PRES-EL	2.00	Officer Director	$0	$0	$0
DONGFANG WANG MD PHD	PRES-ELECT/S	2.00	Officer Director	$0	$0	$0
CLAUDIUS MAHR DO FACC FESC	SEC-TREAS/PR	2.00	Officer Director	$0	$0	$0
KESHAVA RAJAGOPAL MD PHD	PROGRAM CHAI	2.00	Officer Director	$0	$0	$0
KIYOTAKA FUKAMACHI MD PHD	DPC/DPC-ELEC	2.00	Officer Director	$0	$0	$0
JENNIFER CONWAY	DEP PROG CHA	2.00	Officer Director	$0	$0	$0
EGEMEN TUZUN MD PHD	IMM PAST PRE	2.00	Officer Director	$0	$0	$0
JOSEPH ZWISCHENBERGER MD	PAST PRES/IM	2.00	Officer Director	$0	$0	$0
ROBERT KROSLOWITZ	INVESTMENT D	2.00	Director	$0	$0	$0
JAMES ANTAKI PHD	TRUSTEE	2.00	Director	$0	$0	$0
DAVID JOYCE MD	TRUSTEE	2.00	Director	$0	$0	$0
LAKSHMI RAMAN MD	TRUSTEE	2.00	Director	$0	$0	$0
BIJIN THAJUDEEN MD	TRUSTEE	2.00	Director	$0	$0	$0
BRYAN WHITSON MD PHD	TRUSTEE	2.00	Director	$0	$0	$0
JUTTA ARENS PHD	TRUSTEE	2.00	Director	$0	$0	$0
PIET JANSEN MD PHD	TRUSTEE	2.00	Director	$0	$0	$0
CRISTIANO AMARELLI	TRUSTEE	2.00	Director	$0	$0	$0
BETTINA WIEGMANN	TRUSTEE	2.00	Director	$0	$0	$0
ANNIE HEDMAN MD	ASAIOFYI PRE	2.00	Director	$0	$0	$0
ALICE SWEEDO PHD	FYI PAST PRE	2.00	Director	$0	$0	$0
MARVIN SLEPIAN MD	PAST PRES (6	2.00	Officer Director	$0	$0	$0
CHERRY CROFT PHD	TRUSTEE (6/2	2.00	Director	$0	$0	$0
THOMAS SCHLOEGLHOFER	TRUSTEE (6/2	2.00	Director	$0	$0	$0
STACI JESSEN PHD	FYI PAST PRE	2.00	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	$773,222	$744,737	$1,787,928	$28,485
2022	$695,286	$800,274	$1,727,526	$-104,988
2021	$599,405	$485,752	$1,859,025	$113,653
2020	$275,901	$410,352	$1,628,752	$-134,451
2019	$806,901	$737,562	$1,586,344	$69,339
2018	$804,050	$540,691	$1,451,159	$263,359

AMERICAN SOCIETY FOR ARTIFICIAL INTERNAL ORGANS INC