INTERNATIONAL SCTY FOR THE ADVANCEMENT OF CLINICAL MAGNETOENCEPHALOGRAPHY

EIN: 260701667 501(c)(3) Diseases & Disorders

PHILADELPHIA, PA

Total Revenue
$606,924
Total Expenses
$529,182
Total Assets
$115,106
Net Assets
$101,106
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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
2007
Legal Domicile
PA
Principal Officer
TIMOTHY ROBERTS PHD
Phone
2674260384
Tax Period
2018-01-01 to 2018-12-31

INTERNATIONAL SCTY FOR THE ADVANCEMENT OF CLINICAL MAGNETOENCEPHALOGRAPHY, founded in 2007, is a small nonprofit in the Diseases & Disorders sector that reported $607K in total revenue in fiscal year 2018. Revenue surged 20131% from the prior year, signaling strong growth momentum. Expenses of $529K left a modest 13% surplus.

Mission

THE INTERNATIONAL SOCIETY FOR THE ADVANCEMENT OF CLINICAL MAGNETOENCEPHALOGRAPHY (THE ORGANIZATION) IS A NOT-FOR-PROFIT CORPORATION ORGANIZED IN 2007 FOR THE PURPOSE OF ADVANCING CLINICAL APPLICATIONS OF ADVANCED BRAIN ACTIVITY RECORDING TECHNOLOGY, KNOWN AS MAGNETO-ENCEPHALOGRAPHY, TO AID IN CLINICAL DIAGNOSIS AND MANAGEMENT FOR PATIENTS WITH NEUROLOGIC AND PSYCHIATRIC CONDITIONS. THE ORGANIZATION INTENDS TO ACCOMPLISH ITS PURPOSES THROUGH RESEARCH, EDUCATION, STANDARDIZATION OF PROCEDURES, SHARING OF DATA AND PROTOCOLS, AND THE DEVELOPMENT OF STRATEGIES FOR IMPROVING REIMBURSEMENT FOR CLINICAL EXAMINATIONS.

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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%)

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Financial Overview (2018)

Revenue Breakdown

Contributions & Grants $2,500
Program Service Revenue $604,424
Investment Income $0
Other Revenue $0
TOTAL REVENUE $606,924

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $527,592
Other Expenses $529,182
TOTAL EXPENSES $529,182

Year-over-Year Comparison

2018 2017 Change
Revenue $606,924 $3,000 +201.3%
Expenses $529,182 $2,275 +231.6%
Net Income $77,742 $725 +106.2%
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

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Governance

Voting Members
11
Independent Members
11
Employees
N/A
Volunteers
N/A

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
3
$1,000
Total Directors
11
$1,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NOBUKAZU NAKASATO MD PHD PAST PRESIDENT 0.50
Director
$0 $0 $0
HIROSHI OTSUBO MD PRESIDENT 1.00
Officer Director
$0 $0 $0
TIMOTHY ROBERTS PHD TREASURER 0.50
Officer Director
$1,000 $0 $1,000
ANDREW PAPANICOLAOU MD EXECUTIVE COMMITTEE 0.50
Director
$0 $0 $0
STEFAN RAMPP MD EXECUTIVE COMMITTEE 0.50
Director
$0 $0 $0
HIDEAKI SHIRASHI MD EXECUTIVE COMMITTEE 0.50
Director
$0 $0 $0
RICHARD BURGESS MD EXECUTIVE COMMITTEE 0.50
Director
$0 $0 $0
EDUARDO CASTILLO PHD EXECUTIVE COMMITTEE 0.50
Director
$0 $0 $0
MASAYUKI HIRATA MDPHD VICE PRESIDENT, PRESIDENT- 0.50
Officer Director
$0 $0 $0
PAIVI NEVALAINEN MD PHD EXECUTIVE COMMITTEE 0.50
Director
$0 $0 $0
TONY WILSON PHD EXECUTIVE COMMITTEE 0.50
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
2018 $606,924 $529,182 $115,106 $77,742
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