AAMI FOUNDATION INC

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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

2010

Legal Domicile

Principal Officer

PAMELA ARORA

Phone

7035254890

Tax Period

2023-10-01 to 2024-09-30

AAMI FOUNDATION INC, founded in 2010, is a small nonprofit in the Education sector that reported $327K in total revenue in fiscal year 2023. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $404K exceeded revenue, resulting in a 24% operating deficit.

Mission

THE AAMI FOUNDATION IS A 501(C)(3) CHARITABLE ORGANIZATION WHOSE PRIMARY PURPOSE IS DEDICATED TO ADVANCING THE PROFESSIONAL DEVELOPMENT OF HEALTH TECHNOLOGY PROFESSIONALS AND THE SAFETY OF TECHNOLOGY TO IMPROVE HEALTH THROUGH THE AWARD OF SCHOLARSHIPS, AWARDS, GRANTS, AND OTHER ENDEAVORS.

Program Service Accomplishments

Program 1

Expenses: $202,912

PATIENT SAFETY PROGRAMS AIM TO ENGAGE THE HEALTHCARE COMMUNITY IN MULTIDISCIPLINARY SAFETY INITIATIVES THAT STRENGTHEN THE DEVELOPMENT, MANAGEMENT, AND USE OF HEALTHCARE TECHNOLOGY FOR IMPROVED...

PATIENT SAFETY PROGRAMS AIM TO ENGAGE THE HEALTHCARE COMMUNITY IN MULTIDISCIPLINARY SAFETY INITIATIVES THAT STRENGTHEN THE DEVELOPMENT, MANAGEMENT, AND USE OF HEALTHCARE TECHNOLOGY FOR IMPROVED PATIENT OUTCOMES.

Program 2

Expenses: $88,099

THE MARY K. LOGAN RESEARCH AWARDS IS A GRANT PROGRAM AIMED AT SUPPORTING RESEARCH THAT ENHANCES THE SAFE ADOPTION AND SAFE USE OF HEALTH TECHNOLOGY.

Program 3

Expenses: $48,000

THE MICHAEL J. MILLER SCHOLARSHIP PROGRAM PROVIDES SCHOLARSHIPS TO QUALIFIED STUDENTS WHO ARE PURSUING AN EDUCATION IN HEALTHCARE TECHNOLOGY MANAGEMENT.

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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 $120,067

Program Service Revenue $0

Investment Income $206,905

Other Revenue $0

TOTAL REVENUE $326,972

Expense Breakdown

Grants Paid $157,099

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $339,011

Other Expenses $247,297

TOTAL EXPENSES $404,396

Year-over-Year Comparison

	2023	2022	Change
Revenue	$326,972	$259,490	+0.3%
Expenses	$404,396	$378,142	+0.1%
Net Income	$-77,424	$-118,652	-0.3%

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

$924,049

Total Directors

$256,522

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEPHEN CAMPBELL	EXECUTIVE DIRECTOR UNTIL 09/24	5.60	Officer Director	$34,200	$27,500	$256,522
HEIDI HORN MA AAMIF TREASURER	SECRETARY UNTIL 06/24, THEN CHAIR	2.00	Officer Director	$0	$0	$0
WALT ROSEBROUGH CHAIR UNTIL	06/24, THEN VICE CHAIR	2.00	Officer Director	$0	$0	$0
JANET PRUST	VICE-CHAIR UNTIL 06/24	2.00	Officer Director	$0	$0	$0
GERALD MCDONNELL	TREASURER/SECRETARY AS OF 06/24	2.00	Officer Director	$0	$0	$0
RALPH J BASILE	DIRECTOR UNTIL 05/24	2.00	Director	$0	$0	$0
ELENA BUCKLEY CCE CHTM	DIRECTOR UNTIL 06/24	2.00	Director	$0	$0	$0
DONNA DYER	DIRECTOR UNTIL 06/24	2.00	Director	$0	$0	$0
KURT A FINKE CE AAMIF	DIRECTOR	2.00	Director	$0	$0	$0
DAWN GRIFFIN	DIRECTOR AS OF 06/24	2.00	Director	$0	$0	$0
JOYCE HANSEN	DIRECTOR UNTIL 06/24	2.00	Director	$0	$0	$0
LAWRENCE W HERTZLER	DIRECTOR	2.00	Director	$0	$0	$0
BYRON LAMBERT	DIRECTOR	2.00	Director	$0	$0	$0
IRA LAPIDES	DIRECTOR	2.00	Director	$0	$0	$0
SHEILA O'DONNELL	DIRECTOR AS OF 06/24	2.00	Director	$0	$0	$0
MARTEL WINTERS	DIRECTOR AS OF 06/24	2.00	Director	$0	$0	$0
STEVEN J YELTON PE CHTM	DIRECTOR	2.00	Director	$0	$0	$0
PAMELA ARORA	AAMI CEO	2.00	Officer	$31,325	$80,183	$667,527

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	$326,972	$404,396	$5,260,489	$-77,424
2023	$259,490	$378,142	$4,559,909	$-118,652
2022	$288,938	$313,713	$4,361,158	$-24,775
2021	$185,822	$358,400	$5,454,637	$-172,578
2020	$210,864	$257,941	$5,257,692	$-47,077
2019	$257,616	$223,555	$5,275,766	$34,061