CHESAPEAKE AREA SOCIETY OF HEALTHC… - 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

1964

Legal Domicile

Principal Officer

JOYCE MALONE

Phone

4438003977

Tax Period

2023-01-01 to 2023-12-31

CHESAPEAKE AREA SOCIETY OF HEALTHCARE ENGINEERING INC, founded in 1964, is a small nonprofit that reported $261K in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

THE SOCIETY IS ORGANIZED IN AN ENDEAVOR TO EXPAND THE KNOWLEDGE OF THE ENGINEER IN HEALTHCARE ENGINEERING CONNECTED WITH ALL PHASES SCIENTIFIC, MEDICAL, AND PHYSICAL PLANT EQUIPMENT.

Program Service Accomplishments

Program 1

SEMINARS ARE HELD REGULARLY TO PROMOTE EDUCATION OF THE MEMBERSHIP ON TOPICS AFFECTING HEALTHCARE ENGINEERING. SUCH EDUCATION ALLOWS FOR A SAFE AND EFFICIENT FACILITY AND IMPROVES RESOURCE USAGE...

SEMINARS ARE HELD REGULARLY TO PROMOTE EDUCATION OF THE MEMBERSHIP ON TOPICS AFFECTING HEALTHCARE ENGINEERING. SUCH EDUCATION ALLOWS FOR A SAFE AND EFFICIENT FACILITY AND IMPROVES RESOURCE USAGE. MEETINGS ARE USUALLY HELD AT A HOSPITAL.

Program 2

MEETINGS ARE CONDUCTED ON A MONTHLY BASIS, USUALLY AT A HOSPITAL. SPEAKERS PRESENT INFORMATION ON VARIOUS TOPICS. THIS IS PART OF OUR EDUCATIONAL FOCUS FOR OUR MEMBERSHIP.

Program 3

MEMBER OUTINGS ARE HELD SEVERAL TIMES EACH YEAR TO PROVIDE MEMBERS WITH THE OPPORTUNITY TO NETWORK WITH OTHER HEALTHCARE ENGINEERS AND DISCUSS ISSUES FACING THEIR PROFESSION.

🔒

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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $260,455

Investment Income $903

Other Revenue $0

TOTAL REVENUE $261,358

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $270,347

TOTAL EXPENSES $270,347

Year-over-Year Comparison

	2023	2022	Change
Revenue	$261,358	$228,261	+0.1%
Expenses	$270,347	$256,964	+0.1%
Net Income	$-8,989	$-28,703	-0.7%

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

N/A

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
JOYCE MALONE	PRESIDENT	2.00	Officer Director	$0	$0	$0
CARROLL SIMMONS	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
JAMES KEYZER	SECRETARY	2.00	Officer Director	$0	$0	$0
JEFF HOHENBERGER	TREASURER	2.00	Officer Director	$0	$0	$0
RICH CHILCOAT	PROGRAM CHAIRMAN	2.00	Director	$0	$0	$0
JEFF MCBRIDE	PROGRAM CO-CHAIRMAN	2.00	Director	$0	$0	$0
ROBERT DECKER	PAST PRESIDENT	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	No data	No data	No data	No data
2023	$261,358	$270,347	$81,780	$-8,989
2022	$228,261	$256,964	$90,769	$-28,703
2021	$203,205	$182,970	$119,472	$20,235
2020	$105,705	$98,096	$99,237	$7,609
2019	$257,836	$251,798	$91,628	$6,038
2018	$318,072	$333,792	$85,590	$-15,720

CHESAPEAKE AREA SOCIETY OF HEALTHCARE ENGINEERING INC