ASSOCIATION FOR THE ADVANCEMENT OF MEDICAL INSTRUMENTATION INC

EIN: 274379277 Community Improvement

ARLINGTON, VA

Total Revenue
$19,848,842
Total Expenses
$16,613,462
Total Assets
$43,150,566
Net Assets
$27,810,345
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
VA
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 $15.8M in total revenue in fiscal year 2018. Revenue surged 31% from the prior year, signaling strong growth momentum.

Mission

DEDICATED TO INCREASING THE UNDERSTANDING, SAFETY, AND EFFICACY OF MEDICAL INSTRUMENTATION.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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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

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Liquidity & Cash Position

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Governance

Voting Members
19
Independent Members
19
Employees
57
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
6
$924,049
Total Directors
20
$0
Key Employees
2
$599,482
Highest Compensated
5
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
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