AMERICAN NEUROMUSCULAR FOUNDATION

EIN: 411826063 501(c)(3) Medical Research

ROCHESTER, MN

Total Revenue
$864,476
Total Expenses
$416,733
Total Assets
$7,274,841
Net Assets
$7,215,459
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Financial Trends

Organization Details

Formation Year
1995
Legal Domicile
MN
Principal Officer
SHIRLYN ADKINS
Phone
5072880100
Tax Period
2023-01-01 to 2023-12-31

AMERICAN NEUROMUSCULAR FOUNDATION, founded in 1995, is a small nonprofit in the Medical Research sector that reported $864K in total revenue in fiscal year 2023. Revenue surged 34% from the prior year, signaling strong growth momentum. The organization ran a surplus of $448K, a strong 52% operating margin.

Mission

THE AMERICAN NEUROMUSCULAR FOUNDATION WAS ESTABLISHED TO IMPROVE THE QUALITY OF CARE FOR PEOPLE WITH DISORDERS OF SKELETAL MUSCLE, NEUROMUSCULAR FUNCTION, AND CENTRAL AND PERIPHERAL NERVOUS SYSTEMS THROUGH THE PROMOTION OF RESEARCH AND EDUCATION AND ADVANCING PUBLIC UNDERSTANDING OF THE DISORDERS. IT WAS ORGANIZED TO CARRY OUT THE CHARITABLE, EDUCATIONAL, AND SCIENTIFIC ACTIVITIES OF THE AMERICAN ASSOCIATION OF NEUROMUSCULAR & ELECTRODIAGNOSTIC MEDICINE (AANEM).

Program Service Accomplishments

Program 1
Expenses: $199,223

THE AMERICAN NEUROMUSCULAR FOUNDATION FUNDS RESEARCH GRANTS IN THE AREA OF NEUROMUSCULAR MEDICINE. RESEARCH AWARDS ARE GIVEN TO ATTENDEES WHO SUBMIT WINNING ABSTRACTS AT THE AANEM ANNUAL MEETING...

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THE AMERICAN NEUROMUSCULAR FOUNDATION FUNDS RESEARCH GRANTS IN THE AREA OF NEUROMUSCULAR MEDICINE. RESEARCH AWARDS ARE GIVEN TO ATTENDEES WHO SUBMIT WINNING ABSTRACTS AT THE AANEM ANNUAL MEETING (FUNDED BY THE ANF OR BY DONOR-RESTRICTED FUNDS. IN 2023, THERE WERE 82 ABSTRACT AWARDS. GRANT PAYMENTS ARE DISBURSED QUARTERLY TO CONTRACTED RESEARCHERS, 7 GRANT RECIPIENTS WERE PAID IN 2023

Program 2
Expenses: $146,955

THE ANF CREATED THE LATE ONSET NEUROMUSCULAR DISEASE CONSORTIUM IN 2022. THE ANF CONVENED NEARLY 25 STAKEHOLDERS INCLUDING PATIENT ADVOCACY ORGANIZATIONS, INDUSTRY, AND CLINICIANS TO BEGIN TO...

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THE ANF CREATED THE LATE ONSET NEUROMUSCULAR DISEASE CONSORTIUM IN 2022. THE ANF CONVENED NEARLY 25 STAKEHOLDERS INCLUDING PATIENT ADVOCACY ORGANIZATIONS, INDUSTRY, AND CLINICIANS TO BEGIN TO IDENTIFY COMMON CHALLENGES AND POTENTIAL WORKSTREAMS FOR FUTURE CROSS-STAKEHOLDER COLLABORATION. THE LONDC IS FOCUSED ON PROJECTS TO DRIVE AWARENESS, IMPROVE EDUCATION, AND ADDRESS GAPS IN CARE. THE STAKEHOLDERS AND KEY OPINION LEADERS MET IN 2023 TO CONTINUE THE WORK OF THE LONDC.

Program 3
Expenses: $33,859

AWARDS: THE AMERICAN NEUROMUSCULAR FOUNDATION SUPPORTS ITS EDUCATION AND RESEARCH GOALS BY FUNDING SEVERAL AWARDS EACH YEAR. EACH AWARD GIVES PHYSICIANS/INVESTIGATORS THE OPPORTUNITY TO BE RECOGNIZED...

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AWARDS: THE AMERICAN NEUROMUSCULAR FOUNDATION SUPPORTS ITS EDUCATION AND RESEARCH GOALS BY FUNDING SEVERAL AWARDS EACH YEAR. EACH AWARD GIVES PHYSICIANS/INVESTIGATORS THE OPPORTUNITY TO BE RECOGNIZED AMONG THEIR PEERS FOR THEIR WORK IN RESEARCH. THE AWARDS GIVEN INCLUDE THE GOLSETH YOUNG INVESTIGATOR AWARD WHICH IS PRESENTED TO ENCOURAGE YOUNG PHYSICIANS TO CONDUCT RESEARCH IN EDX MEDICINE; THE BEST ABSTRACT AWARD IS PRESENTED TO THE WRITER AND RUNNER-UP OF THE ABSTRACT JUDGED BY THE AANEM ABSTRACT REVIEW COMMITTEE AS THE BEST BASED ON SCIENTIFIC MERIT, WELL WRITTEN, EXCELLENT DISCUSSION, IMPORTANCE TO THE FIELD,AND/OR FASCINATING CASE; THE PRESIDENT'S RESEARCH INITIATIVE AWARD IS BASED ON ABSTRACTS PERTAINING TO AN AREA OF INTEREST OF THE PRESIDENT; THE RESIDENT/FELLOW MEMBER RECOGNITION AWARD IS GIVEN TO AANEM PHYSICIAN-IN-TRAINING MEMBERS WHO ARE THE FIRST AND PRESENTING AUTHOR ON AN APPROVED ABSTRACT TO ENCOURAGE YOUNG PHYSICIANS TO CONDUCT RESEARCH IN THE FIELDS OF NEUROMUSCULAR AND ELECTRODIAGNOSTIC MEDICINE; THE OLNEY LECTURESHIP AWARD IS GIVEN TO THE PERSON CHOSEN TO PRESENT THE TITLED PLENARY SESSION AT THE AANEM ANNUAL MEETING; THE TECHNOLOGIST RECOGNITION AWARD IS GIVEN TO AANEM TECHNOLOGIST MEMBERS TO ENCOURAGE THEM TO TAKE A LEADING ROLE IN CONDUCTING RESEARCH IN NEUROMUSCULAR AND EDX MEDICINE. THE LAMBERT AWARD FOR PRESENTATION WAS ALSO GIVEN. THE MEDICAL STUDENT AWARD IS ALSO GIVEN.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $462,090
Program Service Revenue $0
Investment Income $395,476
Other Revenue $6,910
TOTAL REVENUE $864,476

Expense Breakdown

Grants Paid $233,082
Salaries & Benefits $0
Fundraising Expenses $13,924
Program Expenses $380,037
Other Expenses $183,651
TOTAL EXPENSES $416,733

Year-over-Year Comparison

2023 2022 Change
Revenue $864,476 $644,928 +0.3%
Expenses $416,733 $427,189 0.0%
Net Income $447,743 $217,739 +1.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
10
Independent Members
10
Employees
N/A
Volunteers
48

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
4
$302,986
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SHIRLYN ADKINS EXECUTIVE DI 5.00
Officer
$0 $29,149 $302,986
JACOB SOKOL IT DIRECTOR 0.25
Highest
$0 $16,929 $167,054
JAY SCHWINEFUS MEMBERSHIP & 0.25
Highest
$0 $29,113 $160,614
MICHELLE JONES MTG, CORP,& 2.00
Highest
$0 $25,692 $152,641
MILLIE SUK HLTH, POL & 0.02
Highest
$0 $21,666 $148,043
SAMUEL BIERNER DIRECTOR N/A
Director
$0 $0 $0
MICHAEL CARTWRIGHT DIRECTOR N/A
Director
$0 $0 $0
ANTHONY CHIODO HISTORIAN/FI N/A
Director
$0 $0 $0
LAURA CORRIGAN DIRECTOR N/A
Director
$0 $0 $0
ROBERT IRWIN PAST PRESIDE N/A
Officer Director
$0 $0 $0
MONIKA KRZESNIAK-SWINARSKA DIRECTOR N/A
Director
$0 $0 $0
JOHN MORREN DIRECTOR N/A
Director
$0 $0 $0
DEVON RUBIN SECRETARY/TR N/A
Officer Director
$0 $0 $0
MICHAEL SKOLKA YOUNG LEADER N/A
Director
$0 $0 $0
FAYE TAN PRESIDENT EL N/A
Officer Director
$0 $0 $0
AMBER VOCELLE YOUNG LEADER N/A
Director
$0 $0 $0
BENJAMIN WARFEL DIRECTOR N/A
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
2024 No data No data No data No data
2023 $864,476 $416,733 $7,274,841 $447,743
2022 $644,928 $427,189 $6,618,527 $217,739
2021 $2,104,689 $187,746 $7,629,142 $1,916,943
2020 $296,787 $269,449 $5,628,605 $27,338
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