HEALTHCARE STERILE PROCESSING ASSO… - 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

1958

Legal Domicile

Principal Officer

SUSAN ADAMS

Phone

3124400078

Tax Period

2024-01-01 to 2024-12-31

HEALTHCARE STERILE PROCESSING ASSOCIATION, founded in 1958, is a community nonprofit that reported $9.6M in total revenue in fiscal year 2024. Revenue grew 20% year-over-year, indicating healthy expansion. The organization ran a surplus of $2.0M, a strong 21% operating margin.

Mission

THE MISSION OF THE ASSOCIATION IS TO PROMOTE PATIENT SAFETY WORLDWIDE BY RAISING THE LEVEL OF EXPERTISE AND RECOGNITION FOR THOSE IN THE STERILE PROCESSING PROFESSION. THE ASSOCIATION ACCOMPLISHES THIS:-BY PROVIDING EDUCATIONAL, PROFESSIONAL DEVELOPMENT, CERTIFICATION, COMMUNICATION, AND REPRESENTATION OPPORTUNITIES FOR STERILE PROCESSING PROFESSIONALS;-THROUGH COLLABORATION EFFORTS WITH ALLIED PARTNERS, MEMBERS, AND ASSOCIATES; AND-THROUGH ADVOCACY INITIATIVES FOR PUBLIC POLICY CHANGES.

Program Service Accomplishments

Program 1

CERTIFICATION - PROVIDING CERTIFICATION THAT RECOGNIZES COMPETENCE OF THE ROLES HELD BY MEMBERS.

Program 2

EDUCATION - PROVIDING EDUCATIONAL COURSES FOR MEMBERS VIA PUBLICATIONS, PERIODICALS, AND LESSON PLANS.

Program 3

CONFERENCE - ANNUAL MEETING FOR GENERAL DISSEMINATION OF INFORMATION AND EDUCATION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $5,987,823

Investment Income $662,405

Other Revenue $2,951,256

TOTAL REVENUE $9,601,484

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,109,990

Fundraising Expenses $0

Other Expenses $4,506,634

TOTAL EXPENSES $7,616,624

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,601,484	$8,007,608	+0.2%
Expenses	$7,616,624	$6,889,542	+0.1%
Net Income	$1,984,860	$1,118,066	+0.8%

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

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

$402,505

Total Directors

$900

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SARAH CRUZ	BOARD MEMBER - TERM	2.00	Director	$900	$0	$900
ANTHONY BONDON	PRESIDENT	2.00	Officer Director	$0	$0	$0
ARLENE BUSH	PRESIDENT ELECT	2.00	Officer Director	$0	$0	$0
BRANDON GANTT	SECRETARY/TREASURER	2.00	Officer Director	$0	$0	$0
JOSEPH AVILA	BOARD MEMBER	2.00	Director	$0	$0	$0
DEANNARD ESNARD	BOARD MEMBER	2.00	Director	$0	$0	$0
STACEY MACARTHUR	BOARD MEMBER	2.00	Director	$0	$0	$0
JAN PRUDENT	BOARD MEMBER	2.00	Director	$0	$0	$0
SARA VINSON	BOARD MEMBER	2.00	Director	$0	$0	$0
ANGELA WARNER	BOARD MEMBER	2.00	Director	$0	$0	$0
MONIQUE JELKS	PRESIDENT - TERM	2.00	Officer Director	$0	$0	$0
KENNETH CAMPBELL	BOARD MEMBER - TERM	2.00	Director	$0	$0	$0
DENSLEY COKE	BOARD MEMBER - TERM	2.00	Director	$0	$0	$0
SUSAN ADAMS	EXECUTIVE DIRECTOR	40.00	Officer	$355,744	$46,761	$402,505
DAMIEN BERG	VP OF STRATEGIC INITIATIVE	40.00	Highest	$203,200	$35,601	$238,801
NATALIE LIND	EDUCATION DIRECTOR	40.00	Highest	$174,500	$15,549	$190,049
JON WOOD	CLINICAL EDUCATOR	40.00	Highest	$124,434	$21,705	$146,139
JULIE WILLIAMSON	COMMUNICATIONS DIRECTOR	40.00	Highest	$146,387	$25,563	$171,950
SIRI SORENSEN	DIRECTOR OF CERTIFICATION AND MEMBERSHIP	40.00	Highest	$133,100	$19,907	$153,007

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	$9,601,484	$7,616,624	$15,960,602	$1,984,860
2023	$8,007,608	$6,889,542	$13,359,259	$1,118,066
2022	$7,322,055	$7,606,825	$11,296,242	$-284,770
2021	$6,091,127	$6,531,948	$12,259,434	$-440,821
2020	$5,378,716	$5,378,738	$11,253,926	$-22
2019	$7,200,901	$6,876,240	$10,675,075	$324,661
2018	$6,545,747	$6,115,119	$8,932,250	$430,628

HEALTHCARE STERILE PROCESSING ASSOCIATION