AMERICAN SOCIETY FOR CLINICAL LABORATORY SCIENCE (EIN 741091114) - 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

1935

Legal Domicile

Principal Officer

JAMES FLANIGAN

Phone

5717483770

Tax Period

2023-08-01 to 2024-07-31

AMERICAN SOCIETY FOR CLINICAL LABORATORY SCIENCE, founded in 1935, is a community nonprofit that reported $2.2M in total revenue in fiscal year 2023. Expenses of $2.4M exceeded revenue, resulting in a 10% operating deficit.

Mission

TO IMPACT HEALTH CARE, ASSURING EXCELLENCE IN THE PRACTICE OF LABORATORY SCIENCE.

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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 $74,723

Program Service Revenue $1,985,274

Investment Income $37,952

Other Revenue $92,411

TOTAL REVENUE $2,190,360

Expense Breakdown

Grants Paid $18,415

Salaries & Benefits $705,699

Fundraising Expenses $0

Other Expenses $1,695,012

TOTAL EXPENSES $2,419,126

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,190,360	$2,129,559	+0.0%
Expenses	$2,419,126	$2,287,937	+0.1%
Net Income	$-228,766	$-158,378	+0.4%

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

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

$144,048

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CLAUDE RECTOR	PRESIDENT	2.00	Officer Director	$0	$0	$0
KIM VON AHSEN	PAST PRESIDENT	2.00	Officer Director	$0	$0	$0
PATRICIA TILLE	PRESIDENT ELECT	2.00	Officer Director	$0	$0	$0
KYLE RIDING	SECRETARY-TREASURER	2.00	Officer Director	$0	$0	$0
JEAN BAUER	DIRECTOR	1.00	Director	$0	$0	$0
ADITI SARKAR	DIRECTOR	1.00	Director	$0	$0	$0
STEPHANIE NOBLIT	DIRECTOR	1.00	Director	$0	$0	$0
KHALDEE LINDSEY DAVENPORT-LANDRY	DIRECTOR	1.00	Director	$0	$0	$0
MILES TOMPKINS	DIRECTOR	1.00	Director	$0	$0	$0
HEATHER HERRINGTON	DIRECTOR	1.00	Director	$0	$0	$0
FRANK SCARANO	DIRECTOR	1.00	Director	$0	$0	$0
NICHOLAS MOORE	DIRECTOR	1.00	Director	$0	$0	$0
ALEXANDRA NUSSBAUM	DIRECTOR	1.00	Director	$0	$0	$0
JOSHUA PULIDO	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH WARNING	DIRECTOR	1.00	Director	$0	$0	$0
CHEYENNE REYES	DIRECTOR	1.00	Director	$0	$0	$0
JAMES FLANIGAN	EXECUTIVE VICE PRESIDENT	40.00	Officer	$127,600	$16,448	$144,048

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	$2,190,360	$2,419,126	$768,856	$-228,766
2023	$2,129,559	$2,287,937	$909,875	$-158,378
2022	$1,850,264	$1,929,971	$1,097,737	$-79,707
2021	$1,507,894	$1,522,516	$1,154,129	$-14,622
2020	$1,330,216	$1,583,505	$1,012,938	$-253,289
2019	$1,528,849	$1,738,994	$1,111,104	$-210,145
2018	$1,448,809	$1,552,398	$1,349,080	$-103,589

AMERICAN SOCIETY FOR CLINICAL LABORATORY SCIENCE