Medical Device Manufacturers Association (EIN 521802000) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1992

Legal Domicile

Principal Officer

Mark B Leahey

Phone

2023547171

Tax Period

2023-01-01 to 2023-12-31

Medical Device Manufacturers Association, founded in 1992, is a community nonprofit that reported $7.5M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $7.1M left a modest 6% surplus.

Mission

MDMA is a non-profit association that provides education and advocacy assistance to medical technology companies.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $7,447,845

Investment Income $40,991

Other Revenue $15,062

TOTAL REVENUE $7,503,898

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,229,331

Fundraising Expenses $0

Other Expenses $1,861,836

TOTAL EXPENSES $7,091,167

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,503,898	$6,549,047	+0.1%
Expenses	$7,091,167	$6,413,530	+0.1%
Net Income	$412,731	$135,517	+2.0%

Key Indicators

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

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Financial 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

Governance

Voting Members

Independent Members

Employees

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

$1,744,715

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Leslie Trigg	Chairman	1.00	Officer Director	$0	$0	$0
Jeff McCaulley	Immediate Past Chairman	1.00	Officer Director	$0	$0	$0
Veronica Acurio	Director	1.00	Director	$0	$0	$0
James Allen	Director	1.00	Director	$0	$0	$0
Laurent Attias	Director	1.00	Director	$0	$0	$0
Quentin Blackford	Director	1.00	Director	$0	$0	$0
Wil Boren	Director	1.00	Director	$0	$0	$0
Todd Brinton	Director	1.00	Director	$0	$0	$0
Victoria Carr-Brendel	Director	1.00	Director	$0	$0	$0
Michael Carrel	Director	1.00	Director	$0	$0	$0
Andrew Chang	Director	1.00	Director	$0	$0	$0
Joe Damico	Director	1.00	Director	$0	$0	$0
Ryan Drant	Director	1.00	Director	$0	$0	$0
Laura Francis	Director	1.00	Director	$0	$0	$0
Greg Fredde	Director	1.00	Director	$0	$0	$0
Doug Godshall	Director	1.00	Director	$0	$0	$0
Scott Huennekens	Director	1.00	Director	$0	$0	$0
Liam Kelly	Director	1.00	Director	$0	$0	$0
Kevin Kenny	Director	1.00	Director	$0	$0	$0
Jennifer Kerr	Director	1.00	Director	$0	$0	$0
Joe Kiani	Director	1.00	Director	$0	$0	$0
Justin Klein	Director	1.00	Director	$0	$0	$0
Paul LaViolette	Director	1.00	Director	$0	$0	$0
Frank Leonard	Director	1.00	Director	$0	$0	$0
George Leondis	Director	1.00	Director	$0	$0	$0
Jim Mazzo	Director	1.00	Director	$0	$0	$0
James Momtazee	Director	1.00	Director	$0	$0	$0
Rick Packer	Director	1.00	Director	$0	$0	$0
Walt Rosebrough	Director	1.00	Director	$0	$0	$0
Maria Sainz	Director	1.00	Director	$0	$0	$0
Meghan Scanlon	Director	1.00	Director	$0	$0	$0
Spencer Stiles	Director	1.00	Director	$0	$0	$0
Chris Sweeney	Director	1.00	Director	$0	$0	$0
Randel Woodgrift	Director	1.00	Director	$0	$0	$0
Mark Leahey	President & CEO	40.00	Officer	$1,696,586	$48,129	$1,744,715
Elliott Warren	VP, Outreach & Engagement	40.00	Highest	$249,423	$24,144	$273,567
Daniel Waldman	EVP, Health Policy & Reimb	40.00	Highest	$522,628	$34,468	$557,096
Sheri Devinney	Director of Operations	40.00	Highest	$366,530	$10,026	$376,556
Donald C Hall	EVP, Govt Affairs	40.00	Highest	$753,127	$21,910	$775,037
Brendan Benner	EVP, Public Affairs	40.00	Highest	$716,770	$13,010	$729,780

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	$7,503,898	$7,091,167	$3,155,987	$412,731
2022	$6,549,047	$6,413,530	$2,742,083	$135,517
2021	$6,421,044	$5,519,900	$2,610,135	$901,144
2020	$5,466,528	$5,084,208	$1,710,575	$382,320
2019	$5,381,039	$5,378,275	$1,325,537	$2,764
2018	$4,483,802	$4,418,534	$1,318,381	$65,268

Medical Device Manufacturers Association