Society for Medical Decision Making Inc

EIN: 310992960 501(c)(3) Health Care

Albany, NY

Total Revenue
$793,369
Total Expenses
$964,159
Total Assets
$925,984
Net Assets
$575,795
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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
1979
Legal Domicile
NJ
Principal Officer
Diane L Nickolson
Phone
5186212107
Tax Period
2023-01-01 to 2023-12-31

Society for Medical Decision Making Inc, founded in 1979, is a small nonprofit in the Health Care sector that reported $793K in total revenue in fiscal year 2023. Expenses of $964K exceeded revenue, resulting in a 22% operating deficit.

Mission

To improve health outcomes through the advancement of proactive systematic approaches to clinical decision making and policy formation in health care by providing a scholarly forum.

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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 (2023)

Revenue Breakdown

Contributions & Grants $43,991
Program Service Revenue $734,900
Investment Income $14,478
Other Revenue $0
TOTAL REVENUE $793,369

Expense Breakdown

Grants Paid $7,093
Salaries & Benefits $136,746
Fundraising Expenses $30,284
Program Expenses $695,326
Other Expenses $820,320
TOTAL EXPENSES $964,159

Year-over-Year Comparison

2023 2022 Change
Revenue $793,369 $797,353 0.0%
Expenses $964,159 $926,687 +0.0%
Net Income $-170,790 $-129,334 +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

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Governance

Voting Members
15
Independent Members
15
Employees
N/A
Volunteers
75

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
10
$136,746
Total Directors
21
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Beate Sander Pres-Elect/Pres (trans 10/23) 8.00
Officer Director
$0 $0 $0
Olga Kostopoulou Pres/Past Pres (trans 10/23) 8.00
Officer Director
$0 $0 $0
Alan Schwartz President-Elect 4.00
Officer Director
$0 $0 $0
Jeremy Goldhaber-Fiebert Secy-Treas 5.00
Officer Director
$0 $0 $0
Scott LaJoie Secy-Treas Elect/Secy-Treas (trans 10/23) 5.00
Officer Director
$0 $0 $0
Robert Beck Historian 1.00
Officer Director
$0 $0 $0
Scott Cantor Historian 1.00
Officer Director
$0 $0 $0
Victoria Shaffer Vice-Pres/Pres-Elect (trans 10/23) 1.00
Officer Director
$0 $0 $0
Ankur Pandya Vice-Pres Elect/Vice-Pres (trans 10/23) 1.00
Officer Director
$0 $0 $0
Ellen Engelhardt Trustee 1.00
Director
$0 $0 $0
Aisha Langford Trustee 1.00
Director
$0 $0 $0
Emily Berger Trustee 1.00
Director
$0 $0 $0
Natalia Kunst Trustee 1.00
Director
$0 $0 $0
Laura Scherer Trustee 1.00
Director
$0 $0 $0
Channing Tate Trustee 1.00
Director
$0 $0 $0
Rowan Iskandar Trustee 1.00
Director
$0 $0 $0
Dan Matlock Trustee 1.00
Director
$0 $0 $0
Kathryn Martinez Trustee 1.00
Director
$0 $0 $0
Hester Lingsma Trustee 1.00
Director
$0 $0 $0
Tara Lavelle Trustee 1.00
Director
$0 $0 $0
Negin Hajizadeh Trustee 1.00
Director
$0 $0 $0
Diane Nickolson Executive Director 25.00
Officer
$136,746 $0 $136,746
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 $793,369 $964,159 $925,984 $-170,790
2022 $797,353 $926,687 $777,155 $-129,334
2021 $595,917 $683,502 $1,063,144 $-87,585
2020 $504,585 $632,242 $1,102,712 $-127,657
2019 $831,755 $869,745 $1,095,763 $-37,990
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