ADVANCED MEDICAL TECHNOLOGY ASSOCIATION

EIN: 521006053

WASHINGTON, DC

Total Revenue
$48,578,997
Total Expenses
$48,608,902
Total Assets
$42,346,557
Net Assets
$16,696,708
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1974
Legal Domicile
DE
Principal Officer
SCOTT WHITAKER
Phone
2027838700
Tax Period
2023-01-01 to 2023-12-31

ADVANCED MEDICAL TECHNOLOGY ASSOCIATION, founded in 1974, is a mid-sized nonprofit that reported $48.6M in total revenue in fiscal year 2023.

Mission

ADVAMED ADVOCATES ON A GLOBAL BASIS FOR THE HIGHEST ETHICAL STANDARDS, TIMELY PATIENT ACCESS TO SAFE AND EFFECTIVE MEDICAL TECHNOLOGIES, AND ECONOMIC POLICIES THAT REWARD VALUE CREATION.

Program Service Accomplishments

Program 1

ADVAMED'S GOVERNMENT AFFAIRS FUNCTION REPRESENTS THE INDUSTRY BEFORE STATE AND FEDERAL POLICYMAKERS, IN GOVERNOR'S OFFICES, STATE LEGISLATURES, THE UNITED STATES CONGRESS, AND RELEVANT FEDERAL...

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ADVAMED'S GOVERNMENT AFFAIRS FUNCTION REPRESENTS THE INDUSTRY BEFORE STATE AND FEDERAL POLICYMAKERS, IN GOVERNOR'S OFFICES, STATE LEGISLATURES, THE UNITED STATES CONGRESS, AND RELEVANT FEDERAL AGENCIES. ADVAMED'S ADVOCACY STAFF AND OUTSIDE CONSULTANTS PROVIDE INFORMATION ON POLITICAL AND POLICY DEVELOPMENTS, AND PURSUE THE INDUSTRY'S AGENDA FOR A LEGAL, REGULATORY AND ECONOMIC ENVIRONMENT THAT ADVANCES HEALTH CARE BY ASSURING PATIENT ACCESS TO THE BENEFITS OF MEDICAL TECHNOLOGY.

Program 2

TAKING MEMBER COMPANY FEEDBACK FROM WORKING GROUPS AND COMMITTEES, ADVAMED STAFF PROVIDE CRITICAL INPUT TO REGULATORY AGENCIES LIKE FDA AND CMS ON REGULATIONS AND RULES THAT IMPACT THE ABILITY FOR...

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TAKING MEMBER COMPANY FEEDBACK FROM WORKING GROUPS AND COMMITTEES, ADVAMED STAFF PROVIDE CRITICAL INPUT TO REGULATORY AGENCIES LIKE FDA AND CMS ON REGULATIONS AND RULES THAT IMPACT THE ABILITY FOR PATIENTS TO RECEIVE TIMELY ACCESS TO LIFE CHANGING DEVICES PRODUCED BY ADVAMED MEMBERS.

Program 3

OUR CONSULTANTS IN JAPAN, CHINA, AND OTHER OVERSEAS MARKETS REPRESENT ADVAMED IN RAPIDLY EXPANDING OVERSEAS MARKETS AND ATTEND MEETINGS WITH GOVERNMENT OFFICIALS AND INDUSTRY COMMITTEE MEETINGS...

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OUR CONSULTANTS IN JAPAN, CHINA, AND OTHER OVERSEAS MARKETS REPRESENT ADVAMED IN RAPIDLY EXPANDING OVERSEAS MARKETS AND ATTEND MEETINGS WITH GOVERNMENT OFFICIALS AND INDUSTRY COMMITTEE MEETINGS. THESE CONSULTANTS PROVIDE REAL-TIME INFORMATION AND AN INDUSTRY VOICE IN OVERSEAS MARKETS.

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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 $611,667
Program Service Revenue $46,928,522
Investment Income $939,808
Other Revenue $99,000
TOTAL REVENUE $48,578,997

Expense Breakdown

Grants Paid $375,965
Salaries & Benefits $25,828,747
Fundraising Expenses $0
Other Expenses $22,404,190
TOTAL EXPENSES $48,608,902

Year-over-Year Comparison

2023 2022 Change
Revenue $48,578,997 $47,870,561 +0.0%
Expenses $48,608,902 $44,643,330 +0.1%
Net Income $-29,905 $3,227,231 -1.0%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
53
Independent Members
53
Employees
96
Volunteers
62

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
7
$4,215,237
Total Directors
62
$0
Key Employees
3
$1,792,465
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PETER ARDUINI TREAS. (UNTIL 12/23), CHAIR 1.00
Officer Director
$0 $0 $0
MICHAEL MINOGUE CHARIPERSON (UNTIL 03/23) 1.00
Officer Director
$0 $0 $0
GEOFF MARTHA TREASURER (AS OF 12/2023) 1.00
Officer Director
$0 $0 $0
ASHLEY MCEVOY DIR. (THRU 3/23), CHAIR (3/23-10/23) 1.00
Officer Director
$0 $0 $0
THOMAS MCGUINNESS DIRECTOR (UNTIL 11/2023) 1.00
Director
$0 $0 $0
MICHAEL MUSSALLEM DIRECTOR (UNTIL 03/2023) 1.00
Director
$0 $0 $0
NACHO ABIA DIRECTOR 1.00
Director
$0 $0 $0
ANTOINETTE GAWIN DIRECTOR 1.00
Director
$0 $0 $0
BRADY SHIRLEY DIRECTOR 1.00
Director
$0 $0 $0
BRIAN MILLER DIRECTOR 1.00
Director
$0 $0 $0
BRYAN HANSON DIRECTOR (UNTIL (08/2023) 1.00
Director
$0 $0 $0
CARLTON ST BERNARD DIRECTOR 1.00
Director
$0 $0 $0
CHRISTOPHER SIMON DIRECTOR 1.00
Director
$0 $0 $0
DAMIEN MCDONALD DIRECTOR (UNTIL 04/2023) 1.00
Director
$0 $0 $0
DAN CARESTIO DIRECTOR 1.00
Director
$0 $0 $0
DAVID ENDICOTT DIRECTOR 1.00
Director
$0 $0 $0
DAVID PACITTI DIRECTOR 1.00
Director
$0 $0 $0
DEEPAK NATH DIRECTOR 1.00
Director
$0 $0 $0
DONALD BOBO DIRECTOR 1.00
Director
$0 $0 $0
ERIC ZACHARIAS DIRECTOR 1.00
Director
$0 $0 $0
GEORGE MALIEKEL DIRECTOR 1.00
Director
$0 $0 $0
GIUSEPPE ACCOGLI DIRECTOR (UNTIL 01/2023) 1.00
Director
$0 $0 $0
HOLLY SHEFFIELD DIRECTOR 1.00
Director
$0 $0 $0
IVAN TORNOS DIRECTOR 1.00
Director
$0 $0 $0
JAMES CLEMMER DIRECTOR 1.00
Director
$0 $0 $0
JAN DE WITTE DIRECTOR 1.00
Director
$0 $0 $0
JEAN-CLAUDE DUBACHER DIRECTOR 1.00
Director
$0 $0 $0
JEFF DILULLO DIRECTOR 1.00
Director
$0 $0 $0
JEFF MIRVISS DIRECTOR 1.00
Director
$0 $0 $0
JIM HOLLINGSHEAD DIRECTOR 1.00
Director
$0 $0 $0
JOAKIM WEIDEMANIS DIRECTOR 1.00
Director
$0 $0 $0
JONATHAN RENNERT DIRECTOR 1.00
Director
$0 $0 $0
JOSE ALMEIDA DIRECTOR 1.00
Director
$0 $0 $0
JOSEPH VIRGILIO DIRECTOR 1.00
Director
$0 $0 $0
JOSEPH WOODY DIRECTOR 1.00
Director
$0 $0 $0
JULIANA ELSTAD DIRECTOR 1.00
Director
$0 $0 $0
KEN REALI DIRECTOR (UNTIL 04/2023) 1.00
Director
$0 $0 $0
KEVIN LOBO DIRECTOR 1.00
Director
$0 $0 $0
LIAM KELLY DIRECTOR 1.00
Director
$0 $0 $0
LISA EARNHARDT DIRECTOR 1.00
Director
$0 $0 $0
LISHAN AKLOG DIRECTOR 1.00
Director
$0 $0 $0
MANU VARMA DIRECTOR 1.00
Director
$0 $0 $0
MARTHA SHADAN DIRECTOR 1.00
Director
$0 $0 $0
MATTHEW SAUSE DIRECTOR 1.00
Director
$0 $0 $0
MAUREEN MULVIHILL DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL FARRELL DIRECTOR 1.00
Director
$0 $0 $0
NADIM YARED DIRECTOR 1.00
Director
$0 $0 $0
NORMAN SCHWARTZ DIRECTOR 1.00
Director
$0 $0 $0
RICHARD FABIAN DIRECTOR 1.00
Director
$0 $0 $0
STEPHEN MACMILLAN DIRECTOR 1.00
Director
$0 $0 $0
STEPHEN MASON DIRECTOR 1.00
Director
$0 $0 $0
SVEN SCHMIDT DIRECTOR 1.00
Director
$0 $0 $0
THIERRY BERNARD DIRECTOR 1.00
Director
$0 $0 $0
THOMAS KAPFER DIRECTOR 1.00
Director
$0 $0 $0
THOMAS POLEN DIRECTOR 1.00
Director
$0 $0 $0
TIM SCHMID DIRECTOR 1.00
Director
$0 $0 $0
TIMOTHY DUGAN DIRECTOR 1.00
Director
$0 $0 $0
TODD POPE DIRECTOR 1.00
Director
$0 $0 $0
TOM EISIMINGER DIRECTOR 1.00
Director
$0 $0 $0
TRACY MACNEAL DIRECTOR 1.00
Director
$0 $0 $0
VENK VARADAN DIRECTOR 1.00
Director
$0 $0 $0
VITOR ROCHA DIRECTOR (UNTIL 02/2023) 1.00
Director
$0 $0 $0
SCOTT WHITAKER CHIEF EXECUTIVE OFFICER 40.00
Officer
$2,363,876 $76,306 $2,440,182
CHRISTOPHER L WHITE GENERAL COUNSEL & CHIEF POLICY OFF. 40.00
Officer
$1,005,180 $72,611 $1,077,791
JENNIFER BREAREY CHIEF FINANCIAL & OPERATING OFFICER 40.00
Officer
$624,653 $72,611 $697,264
GREG CRIST CHIEF ADVOCACY OFF. & HEAD EXT. AFFAIRS 40.00
Key Emp
$684,666 $72,609 $757,275
RAY BRISCUSO EVP, CONFERENCES & EVENTS 40.00
Key Emp
$523,226 $72,609 $595,835
ASHLEY MILLER EVP, GLOBAL STRATEGY & ANALYSIS 40.00
Key Emp
$404,704 $34,651 $439,355
JANET TRUNZO EVP, TECH AND REGULATORY AFFAIRS 40.00
Highest
$670,125 $49,973 $720,098
ZACHARY ROTHSTEIN EXECUTIVE DIRECTOR, ADVAMEDDX 40.00
Highest
$444,314 $72,551 $516,865
KIMBERLY ZIMMERMAN SVP, HEAD OF FEDERAL GOV'T AFFAIRS 40.00
Highest
$485,045 $72,609 $557,654
DECHANE DORSEY EXECUTIVE DIRECTOR, ADVAMED ACCEL 40.00
Highest
$430,330 $50,303 $480,633
ANDREW STEINER SVP, BUSINESS DEVELOPMENT 40.00
Highest
$427,880 $56,491 $484,371
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 $48,578,997 $48,608,902 $42,346,557 $-29,905
2022 $47,870,561 $44,643,330 $41,806,177 $3,227,231
2021 $41,851,836 $38,460,389 $28,228,671 $3,391,447
2020 $41,825,177 $40,166,786 $22,107,131 $1,658,391
2019 $43,356,283 $42,338,249 $20,575,198 $1,018,034
2018 $41,344,473 $41,162,817 $18,080,233 $181,656
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