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

2010

Legal Domicile

Principal Officer

PAMELA ARORA

Phone

7035254890

Tax Period

2023-10-01 to 2024-09-30

ASSOCIATION FOR THE ADVANCEMENT OF MEDICAL INSTRUMENTATION INC, founded in 2010, is a mid-sized nonprofit in the Community Improvement sector that reported $19.8M in total revenue in fiscal year 2023. The organization ran a surplus of $3.2M, a strong 16% operating margin.

Mission

TO PROVIDE GLOBAL MULTIDISCIPLINARY LEADERSHIP AND PROGRAMS THAT ENHANCE THE GOALS AND CAPABILITIES OF THE PROFESSIONS, HEALTHCARE INSTITUTIONS, GOVERNMENT, INDUSTRY, AND OTHER INSTITUTIONS THAT RELATE TO THE DELIVERY, DEVELOPMENT, MANAGEMENT, USE, AND OTHER ASPECTS OF SAFE AND EFFECTIVE MEDICAL INSTRUMENTATION AND RELATED TECHNOLOGIES.

Program Service Accomplishments

Program 1

THE EDUCATION PROGRAM DELIVERS QUALITY PRODUCTS AND SERVICES ON REGULATORY REQUIREMENTS, INTERNATIONAL STANDARDS, AND RECOMMENDED PRACTICES THAT PROVIDE A VENUE FOR THE UNDERSTANDING AND RESOLUTION OF CRITICAL ISSUES FACING THE HEALTHCARE TECHNOLOGY COMMUNITY. INCLUDED IN THIS PROGRAM SERVICE ARE EDUCATION AND INFORMATION SERVICES THAT INCREASE THE MEDICAL INDUSTRY'S UNDERSTANDING OF GOVERNMENT REGULATIONS, INTERNATIONAL STANDARDS, AND INDUSTRY PRACTICES. THE ANNUAL CONFERENCE OFFERS TIMELY, PRACTICAL, AND INNOVATIVE EDUCATIONAL OPPORTUNITIES FOR PROFESSIONALS WORKING IN THE CLINICAL SETTING AND INVOLVED WITH OR INTERESTED IN HEALTHCARE TECHNOLOGY SUPPORT AND MANAGEMENT.

Program 2

THE STANDARDS PROGRAM PRODUCES NATIONAL AND INTERNATIONAL CONSENSUS STANDARDS THAT CONTRIBUTE TO IMPROVED PATIENT CARE AND SAFETY BY PROVIDING INDUSTRY AND CLINICIANS WITH INFORMATION AND GUIDANCE ON...

Program 3

THE COMMUNICATIONS PROGRAM PROVIDES TIMELY AND PRACTICAL INFORMATION TO ALL AAMI MEMBERS AND SEEKS TO IMPROVE OUTREACH TO LOCAL BIOMEDICAL ASSOCIATIONS, CLINICIANS, AND OTHER MEDICAL TECHNOLOGY...

THE COMMUNICATIONS PROGRAM PROVIDES TIMELY AND PRACTICAL INFORMATION TO ALL AAMI MEMBERS AND SEEKS TO IMPROVE OUTREACH TO LOCAL BIOMEDICAL ASSOCIATIONS, CLINICIANS, AND OTHER MEDICAL TECHNOLOGY PROFESSIONALS.

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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 $269,285

Program Service Revenue $18,475,294

Investment Income $1,020,659

Other Revenue $83,604

TOTAL REVENUE $19,848,842

Expense Breakdown

Grants Paid $10,000

Salaries & Benefits $8,768,661

Fundraising Expenses $0

Other Expenses $7,834,801

TOTAL EXPENSES $16,613,462

Year-over-Year Comparison

	2023	2022	Change
Revenue	$19,848,842	$20,159,735	0.0%
Expenses	$16,613,462	$17,428,949	0.0%
Net Income	$3,235,380	$2,730,786	+0.2%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

11401

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

Key Employees

$599,482

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WALT ROSEBROUGH - CHAIR-ELECT	UNTIL 06/2024 THEN CHAIR	2.00	Officer Director	$0	$0	$0
HEIDI HORN MA AAMIF - TREAS	SEC UNTIL 06/2024, CHAIR-ELECT	2.00	Officer Director	$0	$0	$0
GERALD MCDONNELL - DIRECTOR	UNTIL 06/2024 THEN TREASURER	2.00	Officer Director	$0	$0	$0
MICHAEL APPEL MD	DIRECTOR AS OF 06/2024	2.00	Director	$0	$0	$0
BRIAN BARRY	DIRECTOR	2.00	Director	$0	$0	$0
F MIKE BUSDICKER	DIRECTOR	2.00	Director	$0	$0	$0
RALPH BASILE	DIRECTOR	2.00	Director	$0	$0	$0
JENNIFER BENOLKEN CPPL	DIRECTOR AS OF 06/2024	2.00	Director	$0	$0	$0
ELIZABETH F CLAVERIE	DIRECTOR	2.00	Director	$0	$0	$0
BARRETT FRANKLIN	DIRECTOR	2.00	Director	$0	$0	$0
KURT A FINKE	DIRECTOR	2.00	Director	$0	$0	$0
LARRY HERTZLER	DIRECTOR	2.00	Director	$0	$0	$0
SAMANTHA JACQUES PHD FACHE	AAMIF, DIRECTOR AS OF 06/2024	2.00	Director	$0	$0	$0
HERMAN MCKENZIE MBA CHSP	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL MCNEIL	DIRECTOR UNTIL 02/2024	2.00	Director	$0	$0	$0
CHERIE PARDUE CHCIO	DIRECTOR AS OF 06/2024	2.00	Director	$0	$0	$0
LINDA RICCI	DIRECTOR AS OF 06/2024	2.00	Director	$0	$0	$0
LINDA RUIZ	DIRECTOR	2.00	Director	$0	$0	$0
PRIYANKA UPENDRA	DIRECTOR AS OF 06/2024	2.00	Director	$0	$0	$0
DIANE WURZBURGER JD RAC	DIRECTOR	2.00	Director	$0	$0	$0
PAMELA ARORA	CEO	35.50	Officer	$556,019	$80,183	$667,527
STEPHEN CAMPBELL - CHIEF	OPERATING OFFICER UNTIL 09/2024	31.90	Officer	$194,822	$27,500	$256,522
JANET PRUST - CHAIRPERSON	UNTIL 06/2024 THEN IMM PAST CHAIR	2.00	Officer	$0	$0	$0
ROBERT BURROUGHS	CHIEF LEARNING OFFICER	37.50	Key Emp	$334,053	$73,780	$407,833
EDMUND GLABUS	CHIEF ADMIN OFFICER AS OF 06/2024	37.50	Key Emp	$175,717	$15,932	$191,649
AMANDA BENEDICT	VP	37.50	Highest	$216,994	$39,112	$256,106
JOSEPH LEWELLING	VP	37.50	Highest	$196,663	$58,035	$254,698
STEPHANIE RIZK	VP UNTIL 12/2023	37.50	Highest	$206,061	$44,056	$250,117
SHERRIE SCHULTE	VP	37.50	Highest	$191,597	$49,891	$241,488
JOHN SLOAN	VP	37.50	Highest	$214,232	$40,797	$255,029

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	$19,848,842	$16,613,462	$43,150,566	$3,235,380
2023	$20,159,735	$17,428,949	$37,796,949	$2,730,786
2022	$18,834,944	$14,931,474	$28,819,404	$3,903,470
2021	$16,187,252	$14,190,010	$25,944,802	$1,997,242
2020	$13,964,935	$14,682,299	$22,449,176	$-717,364
2019	$15,844,533	$17,109,298	$23,912,350	$-1,264,765

ASSOCIATION FOR THE ADVANCEMENT OF MEDICAL INSTRUMENTATION INC