AMERICAN SOCIETY OF EXTRACORPOREAL… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1968

Legal Domicile

Principal Officer

SARAH EWALD

Phone

6512037248

Tax Period

2024-01-01 to 2024-12-31

AMERICAN SOCIETY OF EXTRACORPOREAL TECHNOLOGY INC, founded in 1968, is a community nonprofit in the Science & Technology sector that reported $1.1M in total revenue in fiscal year 2024.

Mission

AMSECT WORKS TO FOSTER IMPROVED PATIENT CARE BY PROVIDING FOR THE CONTINUING EDUCATION AND PROFESSIONAL NEEDS OF THE EXTRACORPOREAL CIRCULATION TECHNOLOGY COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $436,095 Revenue: $371,515

ANNUAL CONFERENCE - AMSECT HOSTS AN ANNUAL CONFERENCE FOR PERFUSIONISTS AND OTHER PROFESSIONALS IN RELATED DISCIPLES TO SHARE KNOWLEDGE, SOLVE CHALLENGES, AND EDUCATE MEMBERS ON NEW DEVELOPMENTS...

ANNUAL CONFERENCE - AMSECT HOSTS AN ANNUAL CONFERENCE FOR PERFUSIONISTS AND OTHER PROFESSIONALS IN RELATED DISCIPLES TO SHARE KNOWLEDGE, SOLVE CHALLENGES, AND EDUCATE MEMBERS ON NEW DEVELOPMENTS RELATED TO PERFUSION TECHNOLOGY AND RELATED FIELDS, WITH TOPICS INCLUDING CONGENITAL TECHNICAL SKILLS, ETHICS AND SAFETY, STANDARDS AND GUIDELINES, BLOOD MANAGEMENT, PROGRAM MANAGEMENT, EXTRACORPOREAL MEMBRANE OXYGENATION (ECMO), AND MORE.

Program 2

Expenses: $30,002 Revenue: $84,975

CERTIFICATION - AMSECT ADMINISTERS INTERNATIONAL BOARD OF BLOOD MANAGEMENT (IBBM) CERTIFICATION TESTS FOR PERIOPERATIVE BLOOD MANAGEMENT TECHNOLOGISTS (PDMT), PATIENT BLOOD MANAGEMENT SPECIALISTS...

CERTIFICATION - AMSECT ADMINISTERS INTERNATIONAL BOARD OF BLOOD MANAGEMENT (IBBM) CERTIFICATION TESTS FOR PERIOPERATIVE BLOOD MANAGEMENT TECHNOLOGISTS (PDMT), PATIENT BLOOD MANAGEMENT SPECIALISTS (PBMS), CERTIFIED ECMO SPECIALISTS - ADULT (CES-A), AND CERTIFIED EMO SPECIALISTS - PEDIATRIC (CES-P).

Program 3

Expenses: $79,273 Revenue: $21,255

EDUCATION AND PUBLICATIONS - AMSECT HOSTS AN ONLINE LEARNING PLATFORM, LEADERSHIP SYMPOSIUM, AND VARIOUS WEBINARS THROUGHOUT THE YEAR. IN ADDITION, ON A QUARTERLY BASIS AMSECT PUBLISHES THE JOURNAL OF EXTRACORPOREAL TECHNOLOGY (JECT), WHICH IS THE PREMIER SOURCE OF THE MOST CURRENT RESEARCH AND INFORMATION RELATED TO EXTRACORPOREAL TECHNOLOGY INCLUDING CARDIOPULMONARY BYPASS, EXTRACORPOREAL LIFE SUPPORT, MECHANICAL ASSIST DEVICES, AND PERIOPERATIVE BLOOD MANAGEMENT.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,053,871

Investment Income $78,911

Other Revenue $0

TOTAL REVENUE $1,132,782

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $545,370

Other Expenses $1,191,562

TOTAL EXPENSES $1,191,562

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,132,782	$1,078,019	+0.1%
Expenses	$1,191,562	$1,342,976	-0.1%
Net Income	$-58,780	$-264,957	-0.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

100

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT SNIDER	PRESIDENT	5.00	Officer Director	$0	$0	$0
GREG MORK	PRESIDENT-ELECT	5.00	Officer Director	$0	$0	$0
KIRTI PATEL	SECRETARY	5.00	Officer Director	$0	$0	$0
RENEE AXDORFF-DICKEY	TREASURER	5.00	Officer Director	$0	$0	$0
ISAAC CHINNAPPAN	DIRECTOR	2.00	Director	$0	$0	$0
ED HARMAN	DIRECTOR	2.00	Director	$0	$0	$0
SHAHNA HELMICK	DIRECTOR	2.00	Director	$0	$0	$0
DOROTHY HOLT	DIRECTOR	2.00	Director	$0	$0	$0
NICOLE MICHAUD	DIRECTOR	2.00	Director	$0	$0	$0
KRYSTA GLEESON PARKER	DIRECTOR	2.00	Director	$0	$0	$0
JUSTIN SLEASMAN	DIRECTOR	2.00	Director	$0	$0	$0
DOUGLAS ZAVADIL	DIRECTOR	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
2024	$1,132,782	$1,191,562	$1,294,484	$-58,780
2023	$1,078,019	$1,342,976	$1,110,134	$-264,957
2023	$1,058,019	$1,307,976	$1,110,134	$-249,957
2022	$1,086,338	$1,130,131	$1,273,194	$-43,793
2021	$936,902	$723,371	$1,439,202	$213,531
2020	$1,021,838	$870,220	$1,011,488	$151,618
2019	$1,046,913	$871,774	$923,342	$175,139

AMERICAN SOCIETY OF EXTRACORPOREAL TECHNOLOGY INC