AOAC INTERNATIONAL

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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

1932

Legal Domicile

Principal Officer

DAVID SCHMIDT

Phone

3019247077

Tax Period

2024-01-01 to 2024-12-31

AOAC INTERNATIONAL, founded in 1932, is a community nonprofit in the Medical Research sector that reported $6.6M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

AOAC INTERNATIONAL IS AN INDEPENDENT THIRD-PARTY ASSOCIATION OF ANALYTICAL SCIENTISTS RECOGNIZED WORLDWIDE FOR BRINGING TOGETHER STAKEHOLDERS TO REACH CONSENSUS ON THE FITNESS FOR PURPOSE FOR ANALYTICAL METHODS NEEDED IN THE AREAS OF FOOD, AGRICULTURE, BIOLOGICAL THREAT AGENTS, AND THE ENVIRONMENT, AND THEN CONDUCTING VALIDATION STUDIES THROUGH THE AOAC OFFICIAL METHODS PROGRAM TO ENSURE THAT THE METHODS WORK AS INTENDED AND ARE REPRODUCIBLE IN MANY LABORATORIES.

Program Service Accomplishments

Program 1

Expenses: $2,541,037 Revenue: $3,472,886

PROPRIETARY & COMMERCIAL METHODS: THE ASSOCIATION PROVIDES INDEPENDENT THIRD PARTY METHOD CONFORMITY ASSESSMENTS AND CERTIFICATION OF COMMERCIAL AND PROPRIETARY TEST KITS AND RAPID ASSAYS BASED ON...

PROPRIETARY & COMMERCIAL METHODS: THE ASSOCIATION PROVIDES INDEPENDENT THIRD PARTY METHOD CONFORMITY ASSESSMENTS AND CERTIFICATION OF COMMERCIAL AND PROPRIETARY TEST KITS AND RAPID ASSAYS BASED ON CHARACTERIZED PRODUCT PERFORMANCE CLAIMS BY EXPERT EVALUATION AND EXPERT PEER REVIEW OF SUPPORTING DATA COLLECTED USING AOAC APPROVED TESTING PROTOCOLS.TECHNICAL SERVICES: THE ASSOCIATION DEVELOPS STANDARD METHOD PERFORMANCE REQUIREMENTS TO SUPPORT INTERNATIONAL TRADE. IT IS ALSO AN INTERNATIONALLY RECOGNIZED ACCREDITED PROFICIENCY TESTING PROVIDER THAT OFFERS AN INDEPENDENT MEASURE OF QUALITY FOR PERFORMANCE TO FOOD LABORATORIES. THE ASSOCIATION FURTHER SUPPORTS LABORATORY QUALITY BY DEVELOPING AND PUBLISHING ACCREDITATION GUIDELINES FOR FOOD, DIETARY SUPPLEMENTS, AND OTHER LABORATORIES.

Program 2

Expenses: $706,982 Revenue: $563,384

PROGRAM PROJECTS: AOAC HAS CONTRACTS WITH SEVERAL GOVERNMENT AND INDUSTRY GROUPS TASKED TO ESTABLISH VOLUNTARY CONSENSUS STANDARD METHOD PERFORMANCE REQUIREMENTS (SMPRS) FOR HIGH PRIORITY NUTRIENTS AND INGREDIENTS WITH THE GOAL OF OBTAINING FIRST ACTION OFFICIAL METHODS. AN ONGOING CONTRACT FOR INFANT FORMULA AND ADULT NUTRITIONALS HAS ENGAGED GLOBAL STAKEHOLDERS TO PRODUCE TWENTY-FOUR SMPRS FOR NUTRITIONAL INGREDIENTS AND SIX METHODS AS FINAL ACTION AOAC OFFICIAL METHODS.SIMILAR CONTRACTS HAVE DEVELOPED SMPRS AND EVALUATED ANALYTICAL METHODS FOR AGENTS OF TERROR AND OTHER ANALYSES OF INTEREST. AOAC HOSTS THE ANALYTICAL SOLUTIONS FORUM (ASF) WHICH BUILDS CONSENSUS ON METHODOLOGY IMPACTING THE COMMUNITY AND DEVELOPS STANDARDS RELATED TO FOOD FOR THE STRATEGIC GROWTH OF THE FOOD INDUSTRY.

Program 3

Expenses: $514,739 Revenue: $622,760

MEMBERSHIP: THERE ARE APPROXIMATELY 2,400 INDIVIDUAL AND ORGANIZATIONAL MEMBERS. THESE LABORATORY AND MANAGEMENT CHEMISTS AND MICROBIOLOGISTS HAVE ACCESS TO PEER-REVIEWED SCIENTIFIC MATERIAL, THE...

MEMBERSHIP: THERE ARE APPROXIMATELY 2,400 INDIVIDUAL AND ORGANIZATIONAL MEMBERS. THESE LABORATORY AND MANAGEMENT CHEMISTS AND MICROBIOLOGISTS HAVE ACCESS TO PEER-REVIEWED SCIENTIFIC MATERIAL, THE OFFICIAL METHODS OF ANALYSIS, AND RECEIVE REGULAR COMMUNICATION ON A VARIETY OF TOPICS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $312,158

Program Service Revenue $5,273,473

Investment Income $846,775

Other Revenue $120,573

TOTAL REVENUE $6,552,979

Expense Breakdown

Grants Paid $30,000

Salaries & Benefits $4,233,433

Fundraising Expenses $0

Program Expenses $4,728,636

Other Expenses $2,726,516

TOTAL EXPENSES $6,989,949

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,552,979	$5,685,236	+0.2%
Expenses	$6,989,949	$7,295,758	0.0%
Net Income	$-436,970	$-1,610,522	-0.7%

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

530

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

$382,076

Total Directors

Key Employees

$763,286

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIELE SOHIER PHD	PRESIDENT	4.00	Officer Director	$0	$0	$0
GARY SWANSON	PRESIDENT ELECT	4.00	Officer Director	$0	$0	$0
MARY KATHRYN KROGULL	PAST PRESIDENT	4.00	Officer Director	$0	$0	$0
MIKE CLARK	TREASURER	4.00	Officer Director	$0	$0	$0
DUSTIN E STARKEY	SECRETARY	4.00	Officer Director	$0	$0	$0
PATRICK BIRD	DIRECTOR AS OF 8/24	4.00	Director	$0	$0	$0
PAULA N BROWN	DIRECTOR	4.00	Director	$0	$0	$0
OWEN PAUL FRASER	DIRECTOR	4.00	Director	$0	$0	$0
NURI TERESA GRAS REBOLLEDO	DIRECTOR	4.00	Director	$0	$0	$0
GEORGE JOSEPH	DIRECTOR	4.00	Director	$0	$0	$0
BROOKE ROMAN	DIRECTOR	4.00	Director	$0	$0	$0
SAMUEL BENREJEB GODEFROY	DIRECTOR UNTIL 8/24	4.00	Director	$0	$0	$0
XIANGYU DENG	DIRECTOR AT LARGE	4.00	Director	$0	$0	$0
MICHAEL LOEWENSTEIN	DIRECTOR AT LARGE AS OF 8/24	4.00	Director	$0	$0	$0
MICHAEL MCLAUGHLIN	DIRECTOR AT LARGE	4.00	Director	$0	$0	$0
MICHAEL SUSSMAN	DIRECTOR AT LARGE	4.00	Director	$0	$0	$0
PAMELA WILGER	DIRECTOR AT LARGE AS OF 8/24	4.00	Director	$0	$0	$0
DAVID SCHMIDT	EXECUTIVE DIRECTOR	40.00	Officer	$348,217	$33,859	$382,076
JONATHAN GOODWIN	DEPUTY EXECUTIVE DIRECTOR	40.00	Key Emp	$216,852	$48,342	$265,194
KATERINA MASTOVSKA PHD	CHIEF SCIENCE OFFICER	40.00	Key Emp	$223,134	$16,627	$239,761
DAWN FRAZIER	DEPUTY EXEC DIRECTOR, ENGAGEMENT	40.00	Key Emp	$210,721	$47,610	$258,331
BRADLEY STAWICK	SR DIR, RESEARCH INSTITUTE	40.00	Highest	$173,658	$25,417	$199,075
DEBORAH MCKENZIE	DEPUTY ASST EXEC DIRECTOR, CSO	40.00	Highest	$198,029	$26,374	$224,403
SHANE FLYNN	SR DIR, LABY PROFICIENCY TESTING	40.00	Highest	$174,710	$36,531	$211,241
PAMELA COLEMAN	CHIEF INNOVATION OFFICER	40.00	Highest	$202,400	$5,177	$207,577
LU ANN CORNMAN	DIRECTOR, INFORMATION TECHNOLOGY	40.00	Highest	$130,565	$6,863	$137,428

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	$6,552,979	$6,989,949	$9,104,991	$-436,970
2023	$5,685,236	$7,295,758	$10,478,693	$-1,610,522
2022	$6,002,370	$7,531,948	$10,434,940	$-1,529,578
2021	$7,426,989	$7,694,318	$12,436,534	$-267,329
2020	$7,632,601	$7,458,650	$11,886,634	$173,951
2019	$8,134,833	$7,667,429	$10,753,039	$467,404
2018	$5,031,775	$5,793,509	$9,520,805	$-761,734