ASSOCIATION FOR DIAGNOSTICS & LABO… - 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

1948

Legal Domicile

Principal Officer

MARITEL DASCO

Phone

2028570717

Tax Period

2023-04-01 to 2024-03-31

ASSOCIATION FOR DIAGNOSTICS & LABORATORY MEDICINE, founded in 1948, is a mid-sized nonprofit in the Education sector that reported $23.8M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

ADLM (ASSOCIATION FOR DIAGNOSTICS & LABORATORY MEDICINE), FORMERLY THE AMERICAN ASSOCIATION FOR CLINICAL CHEMISTRY, PROVIDES GLOBAL LEADERSHIP IN ADVANCING THE PRACTICE AND PROFESSION OF CLINICAL LABORATORY SCIENCE AND MEDICINE.

Program Service Accomplishments

Program 1

Expenses: $8,002,646 Revenue: $17,606,649

ANNUAL MEETINGS AND EXPOS - ADLM'S ANNUAL SCIENTIFIC MEETING SHOWCASES VITAL RESEARCH IN LABORATORY MEDICINE AND IMPORTANT UPDATES IN THE FIELD. ATTENDED BY MORE THAN 19,000 ATTENDEES IN-PERSON IN...

ANNUAL MEETINGS AND EXPOS - ADLM'S ANNUAL SCIENTIFIC MEETING SHOWCASES VITAL RESEARCH IN LABORATORY MEDICINE AND IMPORTANT UPDATES IN THE FIELD. ATTENDED BY MORE THAN 19,000 ATTENDEES IN-PERSON IN FISCAL YEAR 2024, THE ANNUAL SCIENTIFIC MEETING INCLUDES EDUCATIONAL OPPORTUNITIES IN THE FORM OF LECTURES, PLENARY SESSIONS, SCIENTIFIC SESSIONS, AND ROUNDTABLE SESSIONS.

Program 2

Expenses: $4,606,552 Revenue: $958,409

MARKETING AND COMMUNICATIONS - THIS PROGRAM ENHANCES THE AWARENESS OF LABORATORY MEDICINE, PROMOTES ADLM'S PROGRAMS AND MEMBERSHIP, SUPPORTS PROFESSIONAL GROWTH AND CAREER DEVELOPMENT FOR MEMBERS...

MARKETING AND COMMUNICATIONS - THIS PROGRAM ENHANCES THE AWARENESS OF LABORATORY MEDICINE, PROMOTES ADLM'S PROGRAMS AND MEMBERSHIP, SUPPORTS PROFESSIONAL GROWTH AND CAREER DEVELOPMENT FOR MEMBERS, AND INCLUDES CLINICAL LABORATORY NEWS, THE LEADING NONPROFIT MONTHLY NEWS MAGAZINE IN THE FIELD, WHICH PROVIDES TRUSTED NEWS ANALYSIS IN LABORATORY MEDICINE TO BOTH MEMBER AND NONMEMBER SUBSCRIBERS. MYADLM.ORG RECEIVES NEARLY 1.7 MILLION VISITORS ANNUALLY, AND IN FISCAL YEAR 2024, ADLM'S PRESS PROGRAM PUT OUT 28 PRESS RELEASES TO RAISE PUBLIC AWARENESS ABOUT THE ESSENTIAL ROLE THAT LABORATORY MEDICINE PROFESSIONALS PLAY IN ENSURING THAT PATIENTS RECEIVE HIGH QUALITY HEALTHCARE. THESE RELEASES REACHED 6.43 BILLION VISITORS THROUGH A PICK UP IN ONLINE OUTLETS, AND LED TO 68 NEWS ARTICLES AND TV/RADIO SEGMENTS ABOUT ADLM.

Program 3

Expenses: $1,905,662

ADLM'S SCIENCE & PRACTICE PROGRAMS, GOVERNMENT AFFAIRS, AND THE GLOBAL LAB QUALITY INITIATIVE (GLQI), WHICH PARTNERS WITH NATIONAL SOCIETIES TO IMPROVE THE QUALITY OF LABORATORY TESTING WORLDWIDE.

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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 $1,687,559

Program Service Revenue $20,091,012

Investment Income $773,573

Other Revenue $1,289,263

TOTAL REVENUE $23,841,407

Expense Breakdown

Grants Paid $118,107

Salaries & Benefits $9,414,232

Fundraising Expenses $0

Program Expenses $17,431,899

Other Expenses $13,930,694

TOTAL EXPENSES $23,463,033

Year-over-Year Comparison

	2023	2022	Change
Revenue	$23,841,407	$21,361,848	+0.1%
Expenses	$23,463,033	$22,335,251	+0.1%
Net Income	$378,374	$-973,403	-1.4%

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

195

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

$958,788

Total Directors

$7,000

Key Employees

$890,602

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK GOLDEN	CEO	35.00	Officer	$452,206	$53,996	$506,202
BETH HAMPTON	CHIEF ENGAGEMENT & MEM. OF	35.00	Key Emp	$328,651	$56,767	$385,418
STEPHEN POSTON	CHIEF TECH. & EVENTS OFFICER	35.00	Key Emp	$283,131	$37,422	$320,553
VINCENT STINE	SR. DIR. GOV./GLOBAL AFFAIRS	35.00	Highest	$245,786	$50,742	$296,528
SURANGA SILVA	SR. DIR. IT	35.00	Highest	$212,756	$47,001	$259,757
MARITEL DASCO	CFO	35.00	Officer	$199,617	$46,636	$246,253
MOLLY POLEN	SR. DIR. COMMS/PR	35.00	Highest	$204,530	$30,555	$235,085
JOHN MATTHEW BOYLE	SR. DIR. PUBLICATIONS	35.00	Highest	$197,786	$28,801	$226,587
TERESA FAVERO	SR. DIR. CORP. RELATIONS	35.00	Highest	$195,789	$19,580	$215,369
SUSAN MEDICK UNTIL JUNE 2023	CHIEF FINANCIAL & OPS OFFICER	35.00	Officer	$181,893	$22,440	$204,333
MARYANNE ELMA	CHIEF SCIENCE & POLICY OFF	35.00	Key Emp	$157,144	$27,487	$184,631
JOE M EL-KHOURY PHD DABCC FADLM	DIRECTOR	2.00	Director	$3,500	$0	$3,500
CHRISTOPHER MCCUDDEN PHD DABCC FAC	SECRETARY	2.00	Officer Director	$1,500	$0	$1,500
CHRISTINA LOCKWOOD PHD DABCC DABMG	DIRECTOR (BEGAN 8/23)	2.00	Director	$1,500	$0	$1,500
OCTAVIA M PECK PALMER PHD FADLM	PRESIDENT	4.00	Officer Director	$500	$0	$500
PAUL JANNETTO PHD DABCC FADLM THR	SECRETARY (THRU 7/23)	2.00	Officer Director	$0	$0	$0
STEPHEN MASTER MD PHD FADLM THRU	PAST PRESIDENT (THRU 7/23)	4.00	Officer Director	$0	$0	$0
ANTHONY KILLEEN MD BCH PHD DABCC	PRESIDENT-ELECT (BEG. 8/23)	4.00	Officer Director	$0	$0	$0
SHANNON HAYMOND PHD DABCC FADLM	PAST PRESIDENT	4.00	Officer Director	$0	$0	$0
Y VICTORIA ZHANG MBA PHD DABCC F	TREASURER	2.00	Officer Director	$0	$0	$0
M LAURA PARNAS PHD DABCC FADLM B	DIRECTOR (BEGAN 8/23)	2.00	Director	$0	$0	$0
BONNY LEWIS VAN PHD FADLM HCLDABB	DIRECTOR	2.00	Director	$0	$0	$0
ALLISON CHAMBLISS PHD DABCC FADLM	DIRECTOR (BEGAN 8/23)	2.00	Director	$0	$0	$0
KACY PETERSON MBA MLS ASCPCM DLM	DIRECTOR (BEGAN 8/23)	2.00	Director	$0	$0	$0
DANIEL T HOLMES MD FRCPC	DIRECTOR	2.00	Director	$0	$0	$0
STANLEY F LO PHD DABCC FADLM	DIRECTOR	2.00	Director	$0	$0	$0
CHRISTINE SCHMOTZER MD	DIRECTOR (THRU 7/23)	2.00	Director	$0	$0	$0
ERIKA DEATON-MOHNEY BS MTASCP THR	DIRECTOR (THRU 7/23)	2.00	Director	$0	$0	$0
YUSHENG ZHU PHD DABCC FADLM THRU	DIRECTOR (THRU 7/23)	2.00	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	No data	No data	No data	No data
2024	$23,841,407	$23,463,033	$38,603,281	$378,374
2023	$21,361,848	$22,335,251	$37,658,902	$-973,403
2022	$18,150,460	$18,576,018	$31,632,986	$-425,558
2021	$16,766,314	$16,503,239	$31,602,119	$263,075
2019	$24,396,538	$23,737,759	$29,568,060	$658,779
2018	$23,301,516	$23,115,044	$28,744,050	$186,472

ASSOCIATION FOR DIAGNOSTICS & LABORATORY MEDICINE