AMERICAN ASSOC OF NEUROMUSCULAR & ELECTRODIAGNOSTIC MEDICINE

EIN: 416036691 Philanthropy & Grantmaking

ROCHESTER, MN

Total Revenue
$5,720,100
Total Expenses
$5,149,706
Total Assets
$12,493,039
Net Assets
$10,980,435
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1953
Legal Domicile
MN
Principal Officer
SHIRLYN ADKINS
Phone
5072880100
Tax Period
2023-01-01 to 2023-12-31

AMERICAN ASSOC OF NEUROMUSCULAR & ELECTRODIAGNOSTIC MEDICINE, founded in 1953, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $5.7M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $5.1M left a modest 10% surplus.

Mission

IMPROVE PATIENT CARE & ADVANCE THE SCIENCE OF NEUROMUSCULAR DISEASES AND ELECTRODIAGNOSTIC MEDICINE IN EDUCATION, PROFESSIONAL STANDARDS, ADVOCACY, COMMUNICATIONS, AND RESEARCH. THE AANEM VALUES ARE QUALITY PATIENT CARE, PROVIDER EDUCATION, PROFESSIONALISM, POLICY LEADERSHIP, AND COLLABORATION.

Program Service Accomplishments

Program 1

ANNUAL MEETING - THE PURPOSE OF THE ANNUAL MEETING IS TO PROVIDE PHYSICIANS AND OTHER ALLIED HEALTH PROFESSIONALS WITH A LARGE FORUM TO EXCHANGE IDEAS AND PROVIDE CONTINUING EDUCATION FOR UPDATING...

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ANNUAL MEETING - THE PURPOSE OF THE ANNUAL MEETING IS TO PROVIDE PHYSICIANS AND OTHER ALLIED HEALTH PROFESSIONALS WITH A LARGE FORUM TO EXCHANGE IDEAS AND PROVIDE CONTINUING EDUCATION FOR UPDATING AND ACQUIRING GREATER KNOWLEDGE ABOUT THE DIAGNOSIS AND TREATMENT OF NEUROMUSCULAR AND MUSCULOSKELETAL DISEASE. THE MEETING ALSO OFFERS AN OPPORTUNITY TO LEARN, ENHANCE, AND/OR REFRESH ELECTRODIAGNOSTIC AND OTHER DIAGNOSTIC TECHNIQUES TO IMPROVE PATIENT CARE. THIS WAS ACHIEVED THROUGH A VARIETY OF HANDS-ON WORKSHOPS, EDUCATIONAL SESSIONS, DISCUSSION GROUPS, DEMONSTRATION SESSIONS AND HANDS ON WORKSHOPS, PLENARY LECTURES, ABSTRACT REVIEW AND PRESENTATIONS, INDUSTRY FORUMS, AND AN EXHIBIT HALL CONTAINING THE LATEST EQUIPMENT, SUPPLIES, AND PHARMACEUTICAL TREATMENT OPTIONS TO AID AND IMPROVE PATIENT CARE.

Program 2

MEMBER SERVICES/EDUCATION AND PUBLICATIONS PROVIDE INDUSTRY NEWS EDUCUATION, NETWORKING, AND ADVOCACY FOR QUALITY PATIENT CARE - THE PURPOSE OF MEMBER SERVICES IS TO RECRUIT AND MAINTAIN MEMBERSHIP...

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MEMBER SERVICES/EDUCATION AND PUBLICATIONS PROVIDE INDUSTRY NEWS EDUCUATION, NETWORKING, AND ADVOCACY FOR QUALITY PATIENT CARE - THE PURPOSE OF MEMBER SERVICES IS TO RECRUIT AND MAINTAIN MEMBERSHIP IN THE ASSOCIATION AND DISTRIBUTE EDUCATIONAL MATERIAL AND IMPORTANT INFORMATION REGARDING THE FIELDS OF NEUROMUSCULAR AND ELECTRODIAGNOSTIC MEDICINE AND WAYS TO IMPROVE PATIENT CARE. THIS WAS ACHIEVED THROUGH A) MEMBER MAILINGS; B)DISTRIBUTION OF JOURNAL INVITED REVIEWS AND MONOGRAPHS, A PROFESSIONAL PEER REVIEWED JOURNAL (MUSCLE & NERVE), EMAIL ANNOUNCEMENTS AND ENEWS, AND A SEMI-ANNUAL NEWSLETTER (AANEM EDGE); C) CREATION OF EDUCATIONAL MATERIALS FOR PHYSICIANS AND OTHER ALLIED HEALTH CARE PROVIDERS WHO ARE INTERESTED IN THE FIELDS OF NEUROMUSCULAR AND ELECTRODIAGNOSTIC MEDICINE TO STRENGTHEN COMPETENCE. THIS PURPOSE WAS ACHIEVED BY PROVIDING PRINTED EDUCATIONAL MATERIALS, ONLINE LEARNING ACTIVITIES, PODCASTS, AND BROCHURES TO EDUCATE PHYSICIANS, ALLIED HEALTH PROFESSIONALS, PATIENTS, AND THE GENERAL PUBLIC. THE MATERIAL PROVIDES INFORMATION ABOUT THE FIELD,EXPLAINS THE PROCEDURES USED TO DIAGNOSE PATIENTS, AND THE TREATMENT OPTIONS AVIALALBE. THE GOAL IS TO IMPROVE PATIENT CARE; AND D)PROVIDING INFORMATION TO MEMBERS AND PATIENTS THROUGH THE ASSOCIATION WEBSITE (WWW.AANEM.ORG) WITH A TOTAL OF 7,298 MEMBERS.

Program 3

PROFESSIONAL STANDARDS - THE FIRST PURPOSE OF PROFESSIONAL STANDARDS IS TO USE THE CERTIFICATION OF PHYSICIANS AND TECHNOLOGISTS AND ACCREDITATION OF ELECTRODIAGNOSTIC LABORATORIES TO SET AND MONITOR...

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PROFESSIONAL STANDARDS - THE FIRST PURPOSE OF PROFESSIONAL STANDARDS IS TO USE THE CERTIFICATION OF PHYSICIANS AND TECHNOLOGISTS AND ACCREDITATION OF ELECTRODIAGNOSTIC LABORATORIES TO SET AND MONITOR STANDARDS TO IMPROVE PATIENT CARE AND THE QUALITY OF NEUROMUSCULAR AND ELECTRODIAGNOSTIC MEDICINE. THIS WAS ACHEIVED THROUGH CERTIFICATION EXAMINATIONS FOR BOTH PHYSICIANS AND TECHNOLOGISTS, REQUIREMENTS TO PARTICIPATE IN CONTINUING MEDICAL EDUCATION (CME) ACTIVITIES AND CONTINUOUS CERTIFICATION ACTIVITIES TO DEMONSTRATE PHYSICIANS ONGOING COMMITMENT TO LIFELONG LEARNING AND PRACTICE IMPROVEMENT FOLLOWING INITIAL BOARD CERTIFICATION, AND ELECTRODIAGNOSTIC LABORATORY ACCREDITATION, A PEER-REVIEWED PROCESS THAT ACKNOWLEDGES LABORATORIES FOR ACHIEVING AND MAINTAINING THE HIGHEST LEVEL OF QUALITY, PERFORMANCE, AND INTEGRITY BASED ON PROFESSIONAL STANDARDS, TO PROMOTE A STRUCTURED MECHANISM TO ASSESS, EVALUATE, AND IMPROVE PATIENT CARE. THE SECOND PURPOSE IS TO PROVIDE INFORMATION TO IMPROVE STANDARDS WHICH IS ACHIEVED THROUGH THE CREATION OF EVIDENCED BASED GUIDELINES, CONSENSUS GUIDELINES, AND POSITION PAPERS.

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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 $43,491
Program Service Revenue $4,031,926
Investment Income $336,979
Other Revenue $1,307,704
TOTAL REVENUE $5,720,100

Expense Breakdown

Grants Paid $150,000
Salaries & Benefits $2,042,522
Fundraising Expenses $0
Other Expenses $2,957,184
TOTAL EXPENSES $5,149,706

Year-over-Year Comparison

2023 2022 Change
Revenue $5,720,100 $4,982,601 +0.1%
Expenses $5,149,706 $4,332,437 +0.2%
Net Income $570,394 $650,164 -0.1%
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
10
Independent Members
10
Employees
20
Volunteers
472

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
$305,986
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SHIRLYN ADKINS EXECUTIVE DI 45.00
Officer
$276,837 $29,149 $305,986
JACOB SOKOL IT DIRECTOR 45.00
Highest
$150,125 $16,929 $167,054
JAY SCHWINEFUS MEMBERSHIP & 45.00
Highest
$131,501 $29,113 $160,614
MICHELLE A JONES MEETING DIRE 40.00
Highest
$126,949 $25,692 $152,641
MILLIE A SUK HLTH P & S D 40.00
Highest
$126,377 $21,666 $148,043
SAMUEL BIERNER DIRECTOR 3.00
Director
$0 $0 $0
MICHAEL CARTWRIGHT DIRECTOR 3.00
Director
$0 $0 $0
ANTHONY CHIODO HISTORIAN/FI 3.00
Director
$0 $0 $0
LAURA CORRIGAN DIRECTOR 3.00
Director
$0 $0 $0
ROBERT IRWIN PAST PRESIDE 3.00
Officer Director
$0 $0 $0
MONIKA KRZESNIAK-SWINARSKA DIRECTOR 3.00
Director
$0 $0 $0
JOHN A MORREN DIRECTOR 3.00
Director
$0 $0 $0
PUSHPA NARAYANASWAMI DIRECTOR 3.00
Director
$0 $0 $0
JOHN NORBURY DIRECTOR 3.00
Director
$0 $0 $0
DIANNA QUAN PRESIDENT 3.00
Officer
$0 $0 $0
DEVON RUBIN SECRETARY/TR 3.00
Officer
$0 $0 $0
FAYE TAN PRESIDENT EL 3.00
Officer Director
$0 $0 $0
BENJAMIN WARFEL DIRECTOR 3.00
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
2024 No data No data No data No data
2023 $5,720,100 $5,149,706 $12,493,039 $570,394
2022 $4,982,601 $4,332,437 $11,031,984 $650,164
2021 $5,230,059 $5,356,993 $11,871,003 $-126,934
2020 $3,940,408 $3,115,426 $11,896,137 $824,982
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