Biomedical Engineering Society

EIN: 366212451 501(c)(3)

Arlington, VA

Total Revenue
$5,383,371
Total Expenses
$3,081,918
Total Assets
$9,551,591
Net Assets
$8,535,142
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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
1968
Legal Domicile
MD
Principal Officer
John Falcioni
Phone
3014591999
Tax Period
2024-07-01 to 2025-06-30

Biomedical Engineering Society, founded in 1968, is a community nonprofit that reported $5.4M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $2.3M, a strong 43% operating margin.

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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 (2024)

Revenue Breakdown

Contributions & Grants $347,458
Program Service Revenue $4,130,281
Investment Income $618,606
Other Revenue $287,026
TOTAL REVENUE $5,383,371

Expense Breakdown

Grants Paid $117,909
Salaries & Benefits $796,315
Fundraising Expenses $0
Program Expenses $2,285,733
Other Expenses $2,167,694
TOTAL EXPENSES $3,081,918

Year-over-Year Comparison

2024 2023 Change
Revenue $5,383,371 $4,645,683 +0.2%
Expenses $3,081,918 $3,127,127 0.0%
Net Income $2,301,453 $1,518,556 +0.5%
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
20
Independent Members
20
Employees
14
Volunteers
250

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
5
$318,442
Total Directors
20
$318,442
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
John Falcioni Executive Director 40.00
Officer Director
$279,089 $39,353 $318,442
Lori Saskiewicz Operations Director 40.00
Highest
$105,000 $16,231 $121,231
Donald Gaver Finance Board Chair 1.00
Director
$0 $0 $0
Alisa Clyne Publications Board Chair 1.00
Director
$0 $0 $0
LaShan Hendrix Board Member 1.00
Director
$0 $0 $0
Beth Pruitt Board Member 1.00
Director
$0 $0 $0
Michelle Oyen Board Member 1.00
Director
$0 $0 $0
Melissa Mendoza-Seale Board Member 1.00
Director
$0 $0 $0
Tamara Baynham Board Member 1.00
Director
$0 $0 $0
Guohao Dai Board Member 1.00
Director
$0 $0 $0
Brendan Harley Board Member 1.00
Director
$0 $0 $0
Elizabeth Cosgriff-Hernandez Board Member 1.00
Director
$0 $0 $0
Zac A Dooley Board Member 1.00
Director
$0 $0 $0
John P Fisher Board Member 1.00
Director
$0 $0 $0
Aaron Kyle Board Member 1.00
Director
$0 $0 $0
Adam Joseph Mellott Board Member 1.00
Director
$0 $0 $0
Amal Shabazz Student Rep 1.00
Director
$0 $0 $0
Cynthia Reinhart-King Past President 2.00
Officer Director
$0 $0 $0
Shelly Sakiyama-Elbert President 2.00
Officer Director
$0 $0 $0
Kristen Billiar Secretary 2.00
Officer Director
$0 $0 $0
Kent Leach Treasurer 2.00
Officer Director
$0 $0 $0
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
2025 $5,383,371 $3,081,918 $9,551,591 $2,301,453
2024 $4,645,683 $3,127,127 $7,497,337 $1,518,556
2023 $3,582,789 $2,888,023 $5,874,853 $694,766
2023 $3,582,789 $2,838,023 $5,517,133 $744,766
2022 $3,042,017 $2,831,693 $4,408,175 $210,324
2021 $1,962,759 $1,953,261 $5,416,351 $9,498
2020 $3,739,890 $3,795,675 $4,433,761 $-55,785
2019 $3,918,320 $3,878,694 $4,914,321 $39,626
2018 $2,935,887 $2,939,506 $4,445,016 $-3,619
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